Project Management Question Bank
for Exam preparation

Project Management- Q2. Based on the chart, if you needed to shorten the duration of the project, which activity would you to shorten?

1. Activity B
2. Activity D
3. Activity H
4. Activity C 39

Project Management- Q3. Dana works for a federal agency that manages mission critical projects. As a project manager, she is responsible for all communication needs in her data center project, which has started recently. This project involves many stakeholders, customers, external vendors, and team members. Since conflicts are inevitable in such a massive project, she has decided to provide her project team the details of the issue escalation process, including the names of the chain of command to refer issues to that cannot be resolved at a lower level. Where must Dana document the escalation process?

1. The project charter
2. The communications management plan
3. The issue log
4. The project scope document

Project Management- Q4. The main focus of life cycle costing is to:

1. Estimate installation costs.
2. Estimate the cost of operations and maintenance.
3. Consider installation costs when planning the project costs.
4. Consider operations and maintenance in the making project decisions.

Project Management- Q5. A number of identified risks occurred early in a project. As a result, most of the project objectives ended up in jeopardy. The project manager decided to present a case to management that the project be closed down. This is an example of:

1. Risk Acceptance
2. Risk Mitigation
3. Risk Avoidance
4. Risk Transfer

Project Management- Q6. A good friend at work tells you that when his wife was diagnosed with cancer, he stole items from work and sold them, using the money for her treatment. He has since paid back the money taken, in ways that kept his theft secret. Ethically, what should you do?

1. Advise your friend to tell his company and do nothing
2. Report him to his manager
3. Talk with a lawyer to see if this can be justified
4. Attempt to gather evidence to determine whether or not the theft in fact occurred.

Project Management- Q7. Risks may be identified during the entire lifecycle of a project. Identify Risks is what type of process?

1. Qualitative
2. Effort-driven
3. Discrete
4. Iterative

Project Management- Q8. James has been managing a hotel construction project on a busy street. He is in the process of estimating activity durations for building walls, and he calculates the most likely estimate as 15 days. If prefabricated material is used, it would take no more than 12 days to finish the work. The work may be delayed and could take up to 18 days if less experienced construction workers build the walls. What is the expected duration of building walls using the three-point estimate?

1. 12 days
2. 11 days
3. 16 days
4. 15 days

Project Management- Q9. You have a project with a budget of 100,000 USD. The duration of the project is 20 months, and the work is evenly distributed throughout the duration. After 10 months, you review the project’s progress and you find that 55% of the work is completed and 65,000 USD has been spent. Based on the above information, you come to the conclusion that:

1. The project is behind schedule
2. The project is ahead of schedule
3. The project is under budget
4. Not enough information

Project Management- Q10. You have signed a multi-year contract with a customer to complete a project for a fixed price. Since the duration of the contract is long, you have added a provision to adjust the price of the contract according to the market inflation. What kind of contract is this?

1. FPIF
2. FP-EPA
3. Time and material
4. CPIF