Project Management Question Bank
for Exam preparation

Q2. Your project team has identified a major project risk. After talking to the project management office, they determine that a reserve on the project is not necessary. What is the NEXT step?

1. List the time or cost overrun expected on the project in your project management plan.
2. Develop risk transference strategies.
3. Create a risk response plan that includes the risk.
4. Ignore he risk until it happens.

Q3. A project has a payback period of nine months. What does this mean?

1. It will take the project nine months to start incurring costs
2. The project will be complete in nine months
3. The first nine months of the project will provide profit to the company
4. It will take the project nine months to cover the investment and start generating revenue

Q4. Which of the following quality control tools and techniques may not be used for root cause analysis?

1. Fishbone diagram
2. Scatter diagram
3. Ishikawa diagram
4. Cause-and-effect diagram

Q5. A project manager scheduled a review at the end of a phase, with the objective of obtaining authorization to close the current project phase and initiate the next phase. Which of the following is an incorrect way of describing this review?

1. Phase gate
2. Phase planning
3. Kill point
4. Stage gate

Q6. Based on the chart, if the duration of activity F changes to 8, what is the effect on the project?

1. There is no effect on the critical path
2. The duration of the critical path becomes 16
3. The critical path changes
4. Activity A is now on the critical path

Q7. In adaptive lifecycles, such as the agile approach for product development, requirements are documented as user stories that are then __________ just prior to construction.

1. Analyzed and curtailed
2. Benchmarked and standardized
3. Prioritized and refined
4. Examined and outsourced

Q8. Nancy is engaged in the construction of three office buildings. Although the construction sites are in various places, she has managed each team efficiently to complete the work on time and within budget. Which of the following statements describes the effort Nancy is doing?

1. Construction of each building is an operational work because it is repetitive in nature.
2. The building construction is considered neither a project nor operational work.
3. Construction of all three buildings is considered one project.
4. Construction of each building is a project because each building is separate in nature.

Q9. A project is over budget to date. Which of the following is NOT A REASON this could have occurred?

1. More work than planned was accomplished.
2. There was a cost increase from the supplier
3. Work was delayed.
4. Work was done inefficiently.

Q10. A particular stakeholder has a reputation for requesting many changes on projects. What is the BEST approach a project manager can take at the beginning of the project to manage this situation?

1. Say "No" to the stakeholder a few times to dissuade him from submitting more changes.
2. Get the stakeholder involved in the project as early as possible.
3. Talk to the stakeholder's boss to find ways of directing the stakeholder's activities to another project.
4. Ask that the stakeholder not be included in the stakeholder listing.