Project Management Question Bank
for Exam preparation

Q2. There is a serious defect in the finished product of a project that was completed a few months ago, resulting in a recall campaign to recall the defective products. What would be the best classification for these types of costs?

1. To complete performance index (TCP)
2. Cost variance
3. Cost of conformance
4. Cost of nonconformance

Q3. Daniel is the project manager for a factory construction project. Daniel has recently joined this organization and is not fully aware of the organization’s culture and structure. In order to manage his project stakeholders, Daniel has to understand his project stakeholders better. Which of the following can provide Daniel some historical information regarding stakeholder management on previous projects?

1. Enterprise environmental factors
2. Project management plan
3. Project charter
4. Organizational process assets

Q4. Which of the following defines things the project manager needs to do regarding cost?

1. Never just accept constraints from management, periodically recalculate the estimate to complete, meet any agreed-upon estimates
2. Meet any agreed-upon estimates, estimate larger-sized work components, accept constraints from management
3. Periodically recalculate the estimate to complete, increase estimates by eliminating risks, re-estimate when changes are requested
4. Never recalculate the estimate to complete, never just accept constraints from management, and only use historical records for accurate estimates.

Q5. If you are creating a new WBS for your project, what should you do to save time during the creation process?

1. Delegate the WBS creation since it is not an important process.
2. Skip the WBS process.
3. Use a previous WBS from a similar project as a template.
4. Create a less detailed WBS.

Q6. Adhering to legal requirements, satisfying competing needs, providing accurate and truthful representations, and disclosing conflicts of interest are all:

1. Examples of scope management
2. Examples of the professional and social responsibility of the project manager.
3. Examples of project closure activities
4. Examples of the intellectual property requirements of subcontractors.

Q7. You are in charge of constructing the Ferris wheel in each town a carnival visits. However, this is something you have never done before, and you are getting different opinions from others on how long it takes. Joe is new and has given you what you believe to be an optimistic estimate of three hours; Bill says it will take 10 hours, which seems too long to you and quite pessimistic. Last, Margie, who is the most experienced at this task, is telling you it will take eight hours. You are not sure whom to believe, so you decide to do three-point estimation (based on beta distribution). Based on this, how many hours will it take you to assemble the Ferris wheel?

1. 7.5 hours
2. 8 hours
3. 21 hours
4. 7 hours

Q8. After conducting a bidder conference, you receive an email from one of the bidders requesting additional information. The information was neither included in your request for proposal, nor did anyone ask for it during the bidder conference. You realize the answer to this question is critical to understanding the scope of the project. If the answer is not communicated to bidders, they cannot size their teams accurately or estimate the total duration of the project. The answer also greatly affects cost. However, the answer contains some proprietary information that, if disclosed to a competitor, may reveal the future product strategy of your company. Such a disclosure could be disastrous for a major product launch you are planning next year. You decide to send the answer to all the bidders, but you realize one of the bidders is also working closely with one of your competitors on a similar project. What should you do?

1. Don’t send this information in writing; instead, telephone each bidding company.
2. Send this information to all bidders except the bidder working with your competitor.
3. Send this information to only the supplier who requested it.
4. Require all bidders to sign a nondisclosure agreement. You may then send the information to each company that signed the NDA.

Q9. During the review of a control chart, you observe that the limit for one deliverable is below the lower control limit but above the specification limit. What will your next step be?

1. As it is within the specification limits, no action will be taken
2. You will take corrective action
3. You will replace the product
4. You will adjust the control limits

Q10. Calculating estimate to complete (ETC) is done during the:

1. Planning process group
2. Initiating process group
3. Executing process group
4. Monitoring and controlling process group.