Project Management Question Bank
for Exam preparation

Q2. If a project has a 60 percent chance of a US $100,000 profit and a 40 percent chance of a US $100,000 loss, the expected monetary value for the project is:

1. $100,000 profit
2. $60,000
3. $20,000 profit
4. $40,000 loss

Q3. Two people are in the process of estimating probabilities for each of their identified risks. Which step of risk management is this?

1. Identify Risks
2. Perform Quantitative Risk Analysis
3. Plan Risk Responses
4. Control Risks.

Q4. The project manager of a highly visible project is new to project management. He has carefully followed the steps to create a project management plan. During a status meeting, two of the team members argue over what needs to happen next. Whose responsibility is it to correct the problem?

1. The team
2. The project manager
3. The functional manager
4. the individual team members who disagree

Q5. Christine is managing a healthcare software development project. At a PMI conference, she met George who is the project manager at a competitor organization. George is a PMP and has successfully delivered many successful healthcare related software development projects. If George shares his stakeholder management experience with Christine, will that be considered Expert Judgment?

1. No! George is a project manager at a competitor organization.
2. Yes! George is an expert in managing such projects.
3. Yes! All participants at a PMI conference are experts.
4. No! This would be an example of expert opinion and not expert judgment.

Q6. Which of the following is the process of communicating and working with stakeholders to meet their needs and expectations, address issues as they occur, and foster appropriate stakeholder involvement?

1. Manage Stakeholder Engagement
2. Monitor Stakeholder Engagement
3. Manage Communications
4. Monitor Communications

Q7. Julia is managing a water treatment plant construction project. A new government has recently been sworn in. During the election campaign, the winning candidate made a number of commitments regarding environmental control reforms. Julia is not sure how the new government and its future policies might affect her project. This is an example of:

1. Variability risk
2. Mitigated risk
3. Ambiguity risk
4. Opportunity risk

Q8. The results of another project have just been posted. Substantial rework will be required in order to meet the project requirements. Because the cost is too high, effective immediately, the project management office will be requiring all projects to do statistical sampling. What is the project management office concentrating its efforts on improving?

1. Quality management
2. Manage Quality
3. Plan Quality
4. Perform Quality Control.

Q9. The role of each stakeholder is determined by:

1. The stakeholder and the sponsor
2. The project manager and the sponsor
3. The team and the project manager
4. The project manager and the stakeholder.

Q10. Which of the following is not an activity related to the Direct and Manage Project Work process?

1. Inspecting the project deliverables for completeness
2. Implementing approved changes
3. Creating project deliverables to meet the planned project work
4. Performing activities to accomplish project objectives