Project Management Question Bank
for Exam preparation

Q2. When checking the calendar of a team member to schedule a meeting, you see she has scheduled a meeting with a key stakeholder that you were not informed of. The BEST approach would be to:

1. Avoid mentioning it to the team member but continue to watch her activities.
2. Notify your boss about the problem
3. Address the concern with the team member’s boss
4. Address the concern with the team member

Q3. A definitive estimate is:

1. A level of estimating that can be achieved without a team’s help.
2. Created during the initiating process group.
3. Within a range of -10 percent to +25 percent of actual.
4. The most expensive to create.

Q4. A project has several teams. Team C has repeatedly missed deadlines in the past. This has caused team D to have to crash the critical path several times. As the team leader for team D, you should meet with the:

1. Manager of team D
2. Project manager alone
3. Project manager and management
4. Project manager and the leader of team C

Q5. A project manager may use _________ to make sure the team members clearly know what work is included in each of their work packages.

1. The project scope statement
2. The product scope
3. A WBS dictionary
4. A schedule

Q6. The sponsor of a project created a document that included the business need and the cost-benefit analysis. What would this document be termed as?

1. The project statement of work
2. The business case
3. The project management plan
4. The contract

Q7. Which of these is not an established Estimate Activity Durations technique?

1. Three Point Estimating
2. Parametric Estimating
3. Analogous Estimating
4. Critical Path Estimation

Q8. You have assumed responsibility for a complex, business-critical project involving new technology and approaches. All of the project’s stakeholders have emphasized to you that this is a high-risk effort, and that you are responsible for effectively identifying and addressing the project’s risks. There are a number of risk management tools and approaches you have been encouraged to use, but there is no agreement from the stakeholders as to which is the superior approach. The organization sponsoring the project has recommended risk management methodologies and templates, but does not consistently or effectively use them. In addressing risk management planning for this project, what is the MOST important consideration you should keep in mind?

1. Ensure risks have been identified and mitigation strategies have been developed for the most important ones.
2. Complete at least a moderately thorough examination of available risk management tools and methodologies to select the best ones for the project.
3. Create a high quality risk management plan and risk response plan.
4. Tailor the level, type and visibility of risk management to match the risks associated with the project and the project’s importance.

Q9. In which of the following contract types does the buyer have the most cost risk?

1. Fixed price incentive fee (FPIF)
2. Time and material (T&M)
3. Cost plus award fee (CPAF)
4. Cost plus percentage of costs (CPPC)

Q10. The carpeting subcontractor has, without prior approval, installed carpet that is a slightly different pattern from the pattern select for the project. The difference in cost per square yard saves the buyer approximately US $10,000. Upon learning of the change, the BEST course of action for the project manager is to:

1. Demand that the original carpeting be installed.
2. Meet with the customer to explain what happened and celebrate the $10,000 windfall
3. Document the change in the change control plan.
4. Determine the overall impact on the project.