Project Management Question Bank
for Exam preparation

Q2. To demonstrate your product, you develop a small functional model of your real product and show to your stakeholders to get their feedback. This model is known as:

1. Simulation
2. Sampling
3. Prototype
4. None of the above

Q3. You have signed a contract to have a customer care support system built for your company. In this contract, you have mentioned that you will pay all costs incurred plus a monetary benefit if you are happy with the work and the contractor fulfills some conditions set in the contract. What type of contract is this?

1. Cost plus incentive fee
2. Cost plus award fee
3. Time & material
4. Fixed price incentive fee

Q4. Because of the huge size of your project, you have divided it into several phases. After completing each phase, you hand it over to the client and then move on to the next phase. Which process ensures that the previous phase has met all of its requirements so you can move on to the next phase?

1. Close procurement
2. Validate scope
3. Control scope
4. Control quality

Q5. If a project team is subdividing project work packages into smaller, more manageable components, they are:

1. Creating WBS
2. Decomposing
3. Network diagramming
4. Activity sequencing

Q6. The project is mostly complete. The project has a schedule variance of 300 and a cost variance of -900. All but one of the quality control inspections have been completed and all have met the quality requirements. All items in the issue log have been resolved. Many of the resources have been released. The sponsor is about to call a meeting to obtain product verification when the customer notifies the project manager that they want to make a major change to the scope. The project manager should:

1. Meet with the project team to determine if this change can be made.
2. Ask the customer for a description of the change
3. Explain that the change cannot be made at this point in the process
4. Inform management

Q7. You are performing administrative closure during the Close Project process. Upon completion of this process, you will have project archives, formal acceptance, and:

1. Project reports
2. Lessons learned
3. Performance measurement documentation
4. Statement of work updates 5

Q8. 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.

Q9. All of the following are responsibilities of the project manager EXCEPT:

1. Carefully select the appropriate stakeholders for the project.
2. Get stakeholders' sign-off that the requirements are finalized.
3. Figure out when stakeholders will be involved in the project and how extensively.
4. Ask stakeholders to let you know about problems in project communications and relationships.

Q10. A project team is worried that the integration of the components of the project will result in uncovering flaws. Instead of continuing their work, they are constantly looking for flaws to try to prevent their system from being the only one found o have flaws during integration. Quality and technical experts were called in to advise and found little possibility of errors for this project. An agreement was reached by all parties on what will be done to prevent errors. It might be BEST for the project manager to:

1. Smooth the situation
2. Compromise the situation
3. Tell the team to create quality testing plans
4. Let management know of the concern.