Project Management Question Bank
for Exam preparation

Q2. Risk tolerances are determined in order to help:

1. The team rank the project risks
2. The project manager estimate the project
3. The team schedule the project
4. Management know how other managers will act on the project.

Q3. A project manager approaches you to understand the Work Breakdown Structure (WBS) in better detail. You tell her that:

1. The WBS is a detailed project plan and includes the effort, resources, and dates on which the tasks for the project are complete.
2. The WBS is a task-oriented decomposition of work that identifies each task and the resource required to accomplish the task.
3. The WBS is a deliverable-oriented hierarchical decomposition of the work the project team must accomplish to meet project objectives.
4. The WBS is a Gantt chart that contains details about the project deliverables the project team must do.

Q4. John has been assigned a task to build a facility where different types of bicycles can be produced. John builds this facility and hands it over to Andrew to run it. What is Andrew’s role?

1. Project manager
2. Program manager
3. Operation manager
4. Portfolio manager

Q5. You have identified a risk that at a certain point in your project you may need extra quantities of a consumable which you thought of earlier. The chance of this event occurring is 20% and if it occurs it will cost you 150 USD. So, you develop a contingency plan for this risk and assign a risk owner. What kind of risk response strategy is this?

1. Transfer
2. Avoid
3. Mitigation
4. Accept

Q6. Management wants to look at how a project is doing, as compared to past projects. To make a valid judgment, management should compare his project to:

1. Benchmarks
2. Flowcharts
3. Bar charts
4. Trend charts

Q7. You have just been assigned to take over a project that your management has told you is “out of control”. When you asked your management what the problems were, they had no specifics, but said that the project was behind schedule, over budget, and the client was dissatisfied. Which of the following should be of the MOST concern to you?

1. The project is over budget and behind schedule
2. There is very little documentation related to the project.
3. The client is very dissatisfied with the project’s progress.
4. Your management is looking for rapid and visible action on this project to rectify the problems.

Q8. You are working as the project manager on a mega-construction project. You need to prepare a quarterly report for the project investors. You need to collect work performance data and convert that into work performance information. Which of the following processes produces work performance data?

1. Direct and Manage Project Work
2. Control Schedule
3. Control Costs
4. Manage Communications

Q9. You have signed a contract to construct a cross-country gas pipeline. The duration of the project is 5 years. Although the scope is well defined and the duration is long, the seller is insisting you reimburse any costs which may increase due to the time factor. What kind of contract will you select in this case?

1. CPIF
2. CPAF
3. FP-EPA
4. FPIF

Q10. What is a common result of poor project planning?

1. Wasted effort
2. Lost time
3. Increased cost
4. All of the above