Project Management Question Bank
for Exam preparation

Q2. You are in the initiation phase of your project, and you believe the project can be completed for $100,000. However, you are an experienced project manager and know that many things can happen between the initiation phase and the closure of the project. In the project charter, you have provided an estimate of $75,000 to $175,000. This is an example of:

1. Narrow Estimate
2. Absolute Estimate
3. Rough Order of Magnitude Estimate
4. True Estimate

Q3. Which of the following BEST describes the relationship between standard deviation and risk?

1. Nothing
2. Standard deviation tells you if the estimate is correct
3. Standard deviation tells you how unsure the estimate is.
4. Standard deviation tells you if the estimate includes a pad.

Q4. You are a project manager for a new product development project that has four levels in the work breakdown structure. The network diagram has been created, the duration estimates have been compressed, and a schedule has been developed. What schedule management activity should you do NEXT?

1. Control Schedule
2. Estimate Activity Resources
3. Analogously estimate the schedule
4. Gain approval

Q5. The customer’s expectations for quality are shown on a control chart as the:

1. Mean
2. Specification limits
3. Rule of seven
4. Upper and lower control limits

Q6. You are working with your team and are looking at the cost risks in the project. You and your team are currently creating a tornado diagram for the project risks. You do this as a part of which of the following processes?

1. Qualitative Risk Analysis
2. Risk Response Planning
3. Quantitative Risk Analysis
4. Monitor Risks

Q7. Which of the following is NOT needed in order to come up with a project estimate?

1. A WBS
2. A network diagram
3. Risks
4. A change control system

Q8. Your company is concerned about improving its project performance. Internal measures have been created and have helped to identify areas needing improvement. Additional measures of performance are still needed. Which of the following would be the BEST thing to do?

1. Calculate the benefit to cost of purchasing a new piece of equipment.
2. Determine the project scope and measures to ensure the scope is met
3. Perform a root cause analysis on the quality problems that have occurred on the project
4. Read a project management magazine each month, and look at the results of other companies’ projects to help determine quality measures for future projects.

Q9. You are part of a team that has been told by your management that they require you to take and pass the PMP exam by the end of the year. After studying, you are the first of the group to take the actual exam. When you return to work to tell everyone you passed, you are bombarded with questions. Management tells you that since everyone else is so worried about the exam, they want you to write out all the questions you can remember from the exam and provide copies to the rest of the team. In this situation, you could do all of the following EXCEPT:

1. Do your best to provide only what you remember exactly
2. Offer to assist the others by motivating them
3. Explain that providing questions from the actual exam is specifically prohibited
4. Explain that you may have passed the exam, but you are not an expert. The team should follow the expert advice that they were given on how to study and pass the exam.

Q10. Inputs to the Report Performance process include all of the following EXCEPT:

1. Completion forecasts.
2. Change requests.
3. Details of work performance.
4. Deliverable status