Project Management Question Bank
for Exam preparation

Q2. What do the buyer and seller have in common with regard to Control Procurements?

1. Both parties ensure that they meet their contractual obligations and that their own legal rights are protected.
2. Both parties have specific resources that can be idle.
3. Both parties have a contract change management plan.
4. Each party has its own project plan and legal team.

Q3. A project manager needs to determine if the manufacturing process planned for the new micro-satellites will meet quality standards. Each satellite takes about three days to manufacture and costs US $125,000. The satellites are so small that inspection would destroy them. Under these circumstances, what should the project manager do?

1. Outsource the inspection to another company with more expertise.
2. Evaluate the attributes of the population.
3. Inspect a sample of the satellites.
4. Decrease the cost of quality.

Q4. After a great deal of effort, the project team has finally determined the specifications for a major scope change to the project. In light of this, what should the project manager do FIRST?

1. Look for other changes
2. Notify the stakeholders about the new scope
3. Gain sign-off on this change
4. Calculate the risks associated with this change

Q5. Which of the following leadership traits is MOST importance for a project manager?

1. Communication
2. Team building
3. Technical expertise
4. Project control

Q6. Scope decomposition involves subdividing the major project deliverables into smaller pieces to:

1. Improve the accuracy of estimates, define a baseline for performance and assist with responsibility assignments.
2. Provide more activities to assign to resources
3. Provide the project duration, provide project control, and assign control charts.
4. Assist in stakeholder assignment to project activities.

Q7. A project manager has some authority to manage the budget; however, he does not have any full-time employees under him. In what type of organization is he working?

1. Strong matrix
2. Weak matrix
3. Balanced matrix
4. Projectized

Q8. You are the Project Manager for JT's Lumber Yard. You are trying to forecast estimates for the final phase of the project you are currently working on. Based on the performance of the project to date, which formula can be used to estimate the total value of the project when completed, assuming similar variances will not occur?

1. ETC = (BAC - EV)/CPI
2. SV = EV - PV
3. CPI = EV/AC
4. EAC = AC + BAC - EV

Q9. Sandra is managing an ERP system deployment project. Due to the complexity of the project and the number of project stakeholders involved, she decides to use a multi-criteria decision analysis for reviewing all change requests. What should be her first step in establishing this?

1. Develop a decision matrix
2. Develop a decision tree
3. Develop a fishbone diagram
4. Develop a control chart

Q10. The transition from one phase to another within a project's lifecycle (e.g., from design to manufacturing) is typically marked by:

1. Kill point
2. Monte Carlo
3. Constraint
4. Decision tree