Project Management Question Bank
for Exam preparation

Q2. A project manager is analyzing the relationship between the consumption of project funds and the work being accomplished for such expenditures. In which project management process would this be done?

1. Determine Budget
2. Estimate Costs
3. Control Costs
4. Manage Costs

Q3. A project team is in the design stage of a new mountain bicycle prototype. The team is in the process of identifying which type of frame and material will provide high performance at a low cost. Which of the following is the MOST likely technique used to determine these variables?

1. Benefit cost analysis
2. Ishikawa diagram
3. Design of experiments
4. System flowchart

Q4. Your manager is presenting a status report of all projects being run in his division. He reports that all projects are showing a positive CV. However, you know that your status reports for the last several weeks have been reporting a negative CV. What do you do?

1. Do nothing.
2. Offer to review all your manager's combined status reports before he presents them.
3. Notify the appropriate management immediately.
4. Ask your manager if that information was simply a typographical error.

Q5. Your project is nearing completion, but a previously unidentified risk has arisen, and it could significantly affect one of the project deliverables. What do you do?

1. Transfer the risk
2. Develop a risk mitigation plan
3. Include the issue in the project risk log
4. Notify the project stakeholders immediately

Q6. Which of motivational theory use the concept of Theory X?

1. Maslow
2. Deming
3. McGregor
4. Herzberg

Q7. What does a project scope statement document?

1. What work is to be completed during the project
2. What deliverables need to be produced by the project
3. Both A and B
4. Neither A nor B

Q8. You have recently joined an organization as the procurements manager. You have just received an invoice from a contractor. Some of the items from the invoice are as follows: EV of work completed to date: $50,000. AC of work completed to date: $40,000. Total costs reimbursed by the buyer to date: $35,000. If the contract between the buyer and the contractor is a CPIF contract, what is the total value payable to this contractor? (Assume that the contract allows for a 10 percent fee over net payable whenever CPI > 1).

1. $500
2. $5,500
3. $44,000
4. $55,000

Q9. The client asks you for some minor changes to the project and you discuss this matter with your team members. One of your team members told you that he thinks that it will not affect any other project objective. What will you do now?

1. Review the request according to integrated change control process
2. Since the team member thinks it will not affect any project objective, implement it
3. Ignore it
4. None of the above

Q10. Your project sponsor has asked you to present your project’s high-level risk register to him in the next project update meeting. To create your high-level risk register, which of the following processes must be performed?

1. Plan Risk Management
2. Perform Qualitative Risk Analysis
3. Identify Risks
4. Monitor Risks