Project Management Question Bank
for Exam preparation

Q2. A team member notifies you that she has added extra functionality to the project. She tells you there was no impact on the cost or schedule. What should be done as a result of this change?

1. Implement change control processes to track the change
2. Understand what functionality was added
3. Instruct the team member to remove the extra functionality
4. Issue an approved change request

Q3. A new project manager has asked you for advice on creating a work breakdown structure. After you explain the process to him, he asks you what software he should use to create the WBS, and what he should do with it when he is finished creating it. You might respond that it is not the picture that is the most valuable result of creating a WBS. It is:

1. A bar chart
2. Team buy-in
3. Activities
4. A list of risks 9

Q4. The costs on a project are typically classified as direct and indirect costs. The cost of electric utilities for the office is:

1. An indirect cost
2. Appraisal cost
3. A specific cost
4. A direct cost

Q5. Which of the following are ALWAYS inputs to the risk management process EXCEPT:

1. Historical information.
2. Lessons learned.
3. Work breakdown structure.
4. Project status reports.

Q6. The Manage Stakeholder Engagement process is a very important project management process. An ineffective effort in this process can sabotage the whole project. Which of the following is the key benefit of this process?

1. It makes the Manage Communications process redundant.
2. It produces the stakeholder engagement plan.
3. It increases support and minimizes resistance from stakeholders.
4. Lessons learned are documented during this process.

Q7. As part of the procurement process, the procuring organization elected to have an estimate of costs prepared by an outside professional estimator. The estimator came up with an estimate of $500,000. However, the cost estimates prepared by prospective sellers were in the range of $200,000. How can this be best interpreted?

1. The procurement statement of work was deficient and ambiguous.
2. The professional estimator has inflated the estimate of costs.
3. The prospective sellers do not have the required skills to do the project.
4. Prospective sellers are trying to underbid and win the project.

Q8. A project has a payback period of nine months. What does this mean?

1. It will take the project nine months to start incurring costs
2. The project will be complete in nine months
3. The first nine months of the project will provide profit to the company
4. It will take the project nine months to cover the investment and start generating revenue

Q9. You need to hire several subject matter experts for your project. Time is limited and the scope of work is also not very clear. In this situation what kind of procurement contract will you utilize to hire experts?

1. Cost plus fixed fee
2. Firm fixed price
3. Fixed price economic price adjustment
4. Time and material

Q10. You are the project manager for a seller. A parking lot fencing project was bid at US $11 per foot. The parking lot has four equal sides of 125 feet and requires installing a six-foot diameter culvert on one side. Fencing should take 100 feet per day, and the culvert installation will cost US $500 and take one day to complete. The culvert must be installed before work can begin on hat side of the fence. After three days of work, one side is complete, another side has 75 feet installed, and the culvert is completely installed. At this point, the client tells you that the culvert needs to be increased to a sevenfoot diameter. You determine that this will cost US $1,000, and require two additional days. What should you do FIRST?

1. Call a team meeting and determine if schedule and cost alternatives can maintain the current cost and schedule requirements.
2. Review the procurement statement of work for mention of the diameter of the culvert.
3. Ask for a change order to cover the change
4. Renegotiate the contract 32