Project Management Question Bank
for Exam preparation

Q2. A rough order of magnitude estimate is made during which project management process group?

1. Planning
2. Closing
3. Executing
4. Initiating

Q3. Your project team is spending so much time reviewing potential changes to a project that you do not have time to complete project work. Which of the following is the LEAST likely reason for this problem?

1. No change control board
2. Not enough of an effort to identify the project stakeholders
3. A poor communications management plan
4. An unclear project charter 0

Q4. You have signed a multi-year contract with a customer to complete a project for a fixed price. Since the duration of the contract is long, you have added a provision to adjust the price of the contract according to the market inflation. What kind of contract is this?

1. FPIF
2. FP-EPA
3. Time and material
4. CPIF

Q5. Analysis of project spending against project budget and calculation of the percentage complete of tasks currently underway are examples of:

1. Control Chart
2. PERT analysis
3. Performance reviews
4. Expert judgment

Q6. A project manager was involved in preparation of the project charter for an external project. One of the inputs to the project charter was a statement of work (SOW). The SOW may have been received from the customer as part of any of the following except:

1. As part of a request for information
2. As part of the business case
3. As part of a request for proposal
4. As part of a contract

Q7. You are managing a project that has a task to translate several pages of a document into Spanish. This is similar to a project done last year when a document was translated into German. You are not sure how long it will take to translate into Spanish, so you look at the project plan from the German translation and use that activity duration for your current project. What type of estimating is this an example of?

1. Hypothesis
2. Parametric Estimating
3. Analogous Estimating
4. What-if Scenario Analysis

Q8. If a project has a 60 percent chance of a US $100,000 profit and a 40 percent chance of a US $100,000 loss, the expected monetary value for the project is:

1. $100,000 profit
2. $60,000
3. $20,000 profit
4. $40,000 loss

Q9. While reviewing project performance, the project manager determines that the schedule variance is -500. What is the BEST thing to do?

1. Let the sponsor know
2. Determine the cost variance
3. Look for activities that can be done in parallel
4. Move resources from the project to one that is not failing.

Q10. You have just joined a new organization as a project manager. You have heard a number of rumors about the procurement manager having possible underhanded dealings with suppliers. However, you have no proof these rumors are true. Your project requires a large number of dump trucks. Company policy mandates that all purchases go through the procurement department rather than the department employees. The value of the dump truck purchase is US$395,000, and the contract went to a supplier your company regularly uses. Shortly after taking delivery of the dump trucks, you learn the procurement manager is driving a new car. What should you do?

1. Ask the procurement manager about the purchase of her new car
2. Report this to the appropriate management
3. Talk to the supplier to find out if there was a bribe involved in the project
4. Do nothing