Project Management Question Bank
for Exam preparation

Project Management- Q2. Which of the following processes are usually not performed continuously, but rather, performed periodically as needed:

1. Acquire Resources
2. Monitor Risks
3. Monitor Communications
4. Monitor Stakeholder Engagement

Project Management- Q3. The Risk Register contains details of all identified risks and their current status. It is a document containing the results of:

1. Plan Risk Responses
2. Identify Risks
3. Monitor Risks
4. Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, and Plan Risk Responses

Project Management- Q4. A project manager is preparing the WBS for a software project. The WBS includes all the product and project work but excludes the project management work. From the following choices, choose a statement that correctly describes this situation.

1. This is incorrect. Include product work and project management as part of the WBS but exclude project work.
2. This is incorrect. Project work and project management are part of the WBS, but product work is not.
3. This is incorrect. Include product work, project work, and project management work.
4. This is correct. Include product and project work as part of the WBS but exclude project management work.

Project Management- Q5. You are determining the probability and impact of risks in order to find the expected monetary value and then the contingency reserve. Which of the following statements is true about the expected monetary value?

1. You don't consider positive risks while calculating the EMV
2. You consider positive as well as negative risks while calculating the EMV
3. It is a tool and technique of the Perform Qualitative Risk Analysis Process
4. None of the above

Project Management- Q6. All the following are tools of the Control Schedule process except:

1. Parametric estimating
2. Critical Path Method
3. Schedule compression
4. Leads and lags

Project Management- Q7. A seller entered into a contract with a buyer. At the end of the project, the seller was reimbursed for the cost of the project but received a low fee based on certain subjective criteria that were specified in the contract. What type of contract is this likely to be?

1. Cost Plus Fixed Fee (CPFF) contract
2. Fixed Price Incentive Fee (FPIF) contract
3. Cost Plus Incentive Fee (CPIF) contract
4. Cost Plus Award Fee (CPAF) contract

Project Management- Q8. You are the project manager for GeoThermal Systems. Which of the following must be done FIRST before proceeding with a new project?

1. Create the Project Scope Statement
2. Stakeholder analysis
3. Product analysis
4. Obtain Project Charter approval

Project Management- Q9. There are several communication methods used to share and distribute information to stakeholders, team members, and management. Which of the following communication methods is used when you notify the public about environmental effects from your project after implementation by posting reports on the project's website?

1. Pull communication
2. Interactive communication
3. Informal communication
4. Push communication

Project Management- Q10. Which of the following documents the formal or informal assessments of the project team's effectiveness?

1. Team Performance Assessments
2. Project Performance Appraisals
3. Observations
4. Conversations