Project Management Question Bank
for Exam preparation

Q2. All of the following are components of cost management EXCEPT:

1. Vendor bid analysis
2. Analogous estimating
3. Earned value management
4. Estimate Activity Resources

Q3. Which of the following BEST describes the project manager’s role relating to changes?

1. Serve the customer and do what the customer wants.
2. Monitor and track changes to ensure they benefit the project.
3. Influence the factors that cause changes
4. Deny change requests whenever possible 9

Q4. The cost estimates for a project are in the range of +/- 5 %. What phase is the project likely to be in?

1. Closing phase
2. Preliminary phase
3. Initial phase
4. Intermediate phase

Q5. A change control system should be created:

1. As needed on the project
2. By management
3. As a formal documented procedure
4. By the team 4

Q6. Close Project or Phase is the process of completing and concluding all activities across all process groups to officially close the project. Which of the following activities is not performed during this process?

1. Actions required to transfer completed products to operations
2. Actions required to archive project information
3. Actions required to audit project success or failure
4. Actions required to accept the deliverables

Q7. Design of experiments:

1. Identifies which variables have the most influence on a quality outcome
2. Identifies which variables have the least influence on a quality outcome
3. Determines what a quality outcome is
4. Determines the methods to be used for research and development.

Q8. You are a project manager working on a multimillion-dollar project. As the project has progressed, you have become friends with the general contractor. You are working on a US $100,000 change request. She has offered to let you use her boat on the lake this weekend while she is away. What should you do?

1. Accept the offer with thanks
2. Decline the offer
3. Decline the offer and report it to your supervisor
4. Ask your boss to approve your use of the boat

Q9. According to the project manager’s earned value (EV) analysis of a software development project on June first, the cost performance index (CPI) computes to 1.0 and the schedule variance (SV) is zero. On June third, the banks of the nearby river overflow and flood the development computer room, shutting down all operations for two weeks. This project has been struck by a (n):

1. Unknown unknown risk.
2. Known unknown risk.
3. Known risk.
4. Foreseen risk.

Q10. With a clear procurement statement of work, a seller completes work as specified, but the buyer is not pleased with the results. The contract is considered to be:

1. Null and void.
2. Incomplete.
3. Complete.
4. Waived.