Project Management Question Bank
for Exam preparation

Project Management- Q2. You have signed a contract with a contractor which states that you will pay for the entire contractor’s legitimate costs, plus a fee based on the subjective evaluation of his performance; this will not be subject to an appeal. What kind of contract is this?

1. CPIF
2. CPFF
3. FPIF
4. CPAF

Project Management- Q3. You are aware that cost and schedule risks are prevalent in your project. You want to compare the planned project performance with its actual performance during the Monitor Risks process. What should you perform to provide this information?

1. Reserve analysis
2. Risk audit
3. Risk reassessment
4. Technical Performance Analysis

Project Management- Q4. You are in the process of establishing the policies, procedures, and documentation for planning, developing, managing, executing, and controlling the project schedule. Which of the following is not a tool and technique of this process?

1. Expert judgment
2. Decomposition
3. Data analysis
4. Meeting

Project Management- Q5. A management control point where scope, budget and schedule are integrated and compared to earned value for performance measurement is a:

1. Code of accounts
2. Control packages
3. Control account
4. Account Plan

Project Management- Q6. All the following are tools of the Control Schedule process except:

1. Parametric estimating
2. Critical Path Method
3. Schedule compression
4. Leads and lags

Project Management- Q7. A control chart should always contain:

1. Upper and lower warning limits
2. The moving average
3. Upper and lower control limits
4. Upper and lower specification limits

Project Management- Q8. When do stakeholders have the MOST influence on a project?

1. At the beginning of the project
2. In the middle of the project
3. At the end of the project
4. Throughout the project

Project Management- Q9. You manage an airport construction project. Since sophisticated technology and systems are involved, your project procurements require significant lead times. Your procurement specialist has recently proposed a new procurements management process that will significantly reduce these lead times and result in cost savings for the project. Besides implementing this new process, what else should you do?

1. Resell your current inventory at the purchase price
2. Shut down the project warehouse
3. Update the lessons-learned database
4. Do not include the over-processing costs

Project Management- Q10. Which of the following is not a Project Schedule Management process?

1. Source Activities
2. Estimate Activity Durations
3. Define Activities
4. Sequence Activities