Project Management Question Bank
for Exam preparation

Q2. Management has promised you part of the incentive fee from the customer if you complete the project early. While finalizing a major deliverable, your team informs you that the deliverable meets the requirements in the contract, but will not provide the functionality the customer needs. If the deliverable is late, the project will not be completed early. What action should you take?

1. Provide the deliverable as it is.
2. Inform the customer of the situation, and work out a mutually agreeable solution.
3. Start to compile a list of delays caused by the customer to prepare for negotiations.
4. Cut other activities in a way that be unnoticed to provide more time to fix the deliverable.

Q3. Your cost forecast shows that you will have a cost overrun at the end of the project. Which of the following should you do?

1. Eliminate risks in estimates and re-estimate.
2. Meet with the sponsor to find out what work can be done sooner.
3. Cut quality.
4. Decrease scope.

Q4. What is the duration of the near-critical path based on the chart?

1. 33
2. 44
3. 31
4. 43

Q5. What is the traditional way to display a reporting structure among project team members?

1. Text-oriented role description
2. Flowchart
3. Project organization charts
4. Matrix-based responsibility chart

Q6. An organization wishes to ensure that the opportunity arising from a risk with positive impact is realized. This organization should:

1. Exploit the risk
2. Mitigate the risk
3. Accept the risk
4. Avoid the risk

Q7. Based on the network diagram in the chart, the resource working on activity G is replaced with another resource with 50 percent of the productivity of the previous resource. How long will this project take?

1. 44
2. 51
3. 52
4. 36

Q8. In your project, two important stakeholders are having some issues. To keep this issue from escalating further you intervene and resolve the issue. After the issue is resolved you asked your team member to record the issue so in the future a lesson can be learned from it. Where will you note the issues between stakeholders?

1. Risk register
2. Issue log
3. Stakeholder register
4. Change log

Q9. You have just received notice that the organization you have worked for as a project manager has gone bankrupt. All employees have 72 hours’ notice of termination. What is the best course of action for the two projects you are managing?

1. Follow company directives
2. Conduct a project closeout meeting
3. Leave the office today
4. Raise a claim for and on behalf of all the employees and contractors who were participating in the project

Q10. Each critical project communication requirement must be carefully analyzed. One good way is to use a communication model to design effective communications. What is the sequence of steps in a basic communication model?

1. Encode -> Decode -> Transmit -> Acknowledge -> Feedback
2. Encode -> Transmit -> Decode -> Acknowledge -> Feedback
3. Decode -> Encode -> Transmit -> Acknowledge -> Feedback
4. Encode -> Transmit -> Decode -> Feedback -> Acknowledge