Project Management Question Bank
for Exam preparation

Q2. You are trying to decide whether to lease or buy an item for your project. The daily lease cost is US $150. The investment cost to purchase the item is US $2,000, and the daily cost is US $50. In how many days will the lease cost be the same as the purchase cost?

1. 10
2. 15
3. 20
4. 25

Q3. As part of the procurement process, the procuring organization elected to have an estimate of costs prepared by an outside professional estimator. The estimator came up with an estimate of $500,000. However, the cost estimates prepared by prospective sellers were in the range of $200,000. How can this be best interpreted?

1. The procurement statement of work was deficient and ambiguous.
2. The professional estimator has inflated the estimate of costs.
3. The prospective sellers do not have the required skills to do the project.
4. Prospective sellers are trying to underbid and win the project.

Q4. All of the following are tools of Plan Quality EXCEPT:

1. A scatter diagram
2. Benchmarking
3. Cost-benefit analysis
4. Cost of quality

Q5. A rough order of magnitude estimate is made during which project management process group?

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

Q6. 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.

Q7. Adhering to legal requirements, satisfying competing needs, providing accurate and truthful representations, and disclosing conflicts of interest are all:

1. Examples of scope management
2. Examples of the professional and social responsibility of the project manager.
3. Examples of project closure activities
4. Examples of the intellectual property requirements of subcontractors.

Q8. Which of the following processes are usually not performed continuously, but rather, performed periodically as needed:

1. Acquire Resources
2. Monitor Risks
3. Monitor Communications
4. Monitor Stakeholder Engagement

Q9. During the execution of a project, the project manager discovers the project’s stakeholder register is no longer accurate. What should the project manager do?

1. The project is in execution, the stakeholder register cannot be updated at this stage.
2. A change request should be issued.
3. The project is in execution, the Identify Stakeholders process cannot be carried out at this stage.
4. Review the stakeholder register and carry out the Identify Stakeholders process.

Q10. People associated with the organization in which you are working with have been complaining about the lack of information regarding upcoming changes and want to get information now. Some of them feel what they have heard about your project means they will lose their job or be forced to find a different position with the company. Luckily for you, the SPI is at 1.08 and the CPI is at .99, so you feel confident of success. What is the BEST way to deal with this situation?

1. Update the organizational process assets and reassess the risks of this type of situation occurring again.
2. Use face-to-face meetings to gather further information about the issues and use the issue log to tract the issues to completion.
3. Use smoothing to let the people know they are not in act going to lose their jobs, and fight for better feedback in the future.
4. Have the people submit a change request so their concerns may be addressed and have the change control board review the change for merit.