Project Management Question Bank
for Exam preparation

Q2. Executing the risk response plan in order to react to risk events throughout the project is called:

1. Contingency planning
2. Monitoring and control
3. Mitigation
4. Life cycle costing.

Q3. Your project has a medium amount of risk and is not very well defined. The sponsor hands you a project charter and asks you to confirm that the project can be completed within the project cost budget. What is the BEST method to handle this?

1. Build an estimate in the form of a range of possible results.
2. Ask the team members to help estimate the cost based on the project charter.
3. Based on the information you have, calculate a parametric estimate.
4. Provide an analogous estimate based on past history.

Q4. The project manager on a large software installation project is working with her team on a critical set of activities. They are working late on Saturday night. Circumstances create the situation wherein the project manager must decide to change the schedule that will push the end date of the project out two weeks. What BEST action should the project manager take next as a result of her decision?

1. Immediately document and capture the changes and present them to the change control board the next time that board is available for contact.
2. Look for free float to bring the project back into schedule
3. Implement configuration management in order to obtain senior management approval and then make the change.
4. Review her detailed risk assessment development process to ensure that other unidentified risks are included and a plan for mitigation is created.

Q5. A summary milestone schedule would normally be part of which document?

1. Project sign-off document
2. Project charter
3. Project requirements document
4. Project scope statement

Q6. Your company is having problems delivering the finished product from the factory to the warehouses, which are located in different geographical areas. To smooth out the process, you have identified all critical stages for this procedure. What will be your next step?

1. You will use a Tornado diagram
2. You will use an Ishikawa diagram
3. You will use a Scatter diagram
4. You will use a Pareto analysis

Q7. The scope baseline can BEST be said to include the:

1. WBS and project scope statement
2. Project scope management plan and project scope statement
3. Project scope management plan and WBS
4. WBS and project charter

Q8. Outputs of the Plan Risk Responses process include:

1. Residual risks, fallback plans, and contingency reserves
2. Risk triggers, contracts, and a risk list
3. Secondary risks, process updates, and risk owners
4. Contingency plans, project management plan updates, and change requests.

Q9. A data point on a control chart that requires investigation is called:

1. A special cause
2. Gold plated
3. A rule of seven
4. A specification limit

Q10. A project manager has increased project costs by US $100,000, but completed the project four weeks earlier than planned. What activity is BEST described here?

1. Resource leveling
2. Schedule compression
3. Critical chain
4. Adjusting leads and lags