Project Management Question Bank
for Exam preparation

Q2. A project team is worried that the integration of the components of the project will result in uncovering flaws. Instead of continuing their work, they are constantly looking for flaws to try to prevent their system from being the only one found o have flaws during integration. Quality and technical experts were called in to advise and found little possibility of errors for this project. An agreement was reached by all parties on what will be done to prevent errors. It might be BEST for the project manager to:

1. Smooth the situation
2. Compromise the situation
3. Tell the team to create quality testing plans
4. Let management know of the concern.

Q3. You have been assigned as a project manager of a new project to be executed out of New York. However, you determine the project requires a Global Positioning Systems expert who is not available within the company in New York. After doing a little checking, you determine that the company has an expert based in London who is suitable for the project. However, the London-based employee is not willing to relocate to New York for the project. In such a case:

1. Write to the manager of the London-based employee and inform him that the employee needs to be convinced to relocate to New York due to project requirements.
2. You look at the option of moving ahead with the project by using a virtual team.
3. Manage the project without the key resource and flag this as a risk.
4. Co-location of resources is a key factor for the success of projects. As per PMI guidelines, you cannot proceed with the project since the resources are not available in New York.

Q4. PMBOK recognizes five process groups typical of nearly all projects. Which of the following is not one of them?

1. Executing
2. Monitoring and Controlling
3. Planning
4. Pre-Inception

Q5. The customer on a project tells the project manager he has run out of money to pay for the project. What should the project manager do FIRST?

1. Shift more of the work to later in the schedule to allow time for the customer to get the funds
2. Enter project closure
3. Stop work
4. Release part of the project team

Q6. If planned value (PV) is US $29,000, actual cost (AC) is US $32,000, and earned value (EV) is US $30,000, what is the schedule variance (SV)?

1. 0.938
2. $1,000
3. 1.034
4. ($2,000) 19

Q7. Three years back, your organization awarded a fixed price contract to a reputable local contractor to construct a new airport terminal in the city. A few days back, you received a change request from the contractor requesting to adjust the contract’s price. The contractor is claiming that as a result of the recent national recession, the prices of raw materials have gone up and he cannot complete the rest of the project at the contract price. Is the contactor’s request legitimate?

1. Yes, you cannot penalize the contactor for price escalations due to force majeure.
2. Yes, unless there is no Economic Price Adjustment provision in the contract.
3. No, the price of the contract is fixed and cannot be changed.
4. No, the price hike due to recession must be adjusted against the contractor’s profit.

Q8. Lesley is managing a software development project for the World Climate Control Organization. Since her team members are dispersed across the globe, she would like to set up online conferences in the next two months to let everyone in her project know what is going on and what their roles are within the project. She wants to use these conferences as team development activities to learn and exchange information in the project. To schedule such activities, which of the following should she use to keep track of the availability of team members?

1. Project charter
2. Resource calendars
3. Responsibility assignment matrix
4. Project staff assignments

Q9. Your project team has identified a major project risk. After talking to the project management office, they determine that a reserve on the project is not necessary. What is the NEXT step?

1. List the time or cost overrun expected on the project in your project management plan.
2. Develop risk transference strategies.
3. Create a risk response plan that includes the risk.
4. Ignore he risk until it happens.

Q10. Clear criteria for rewards and a planned system for their use promotes and reinforces desired behaviors in the project. Creating a recognition plan with established times for rewards ensures that recognition takes place and is not forgotten. This is usually part of the:

1. Project Dashboard
2. Resource Management Plan
3. Company HR plan
4. Communications Management Plan