Project Management Question Bank
for Exam preparation

Q2. You have one document which hierarchically categorizes labor, equipment, and materials, etc. This document is known as:

1. RBS
2. Resource calendar
3. RACI matrix
4. RAM chart

Q3. Which of the following BEST describes formal acceptance of a project?

1. Substantial completion is reached
2. Customer sign-off of the product is documented
3. Final payment is made
4. Final deliverables are sent to the customer

Q4. Perform Qualitative Risk Analysis is a quick way to prioritize how a project team will respond to risks. It is based on risk _________________ and _________________.

1. Probability, exposure
2. Probability, impact
3. Probability, focus
4. Exposure, cost

Q5. Late in the project cycle, it was discovered that some of the project’s human resources should have trained in a specific methodology. Where should these training strategies have first been documented?

1. Resource management plan
2. In the procurement contract
3. In the project scope statement
4. In the company HR policy

Q6. Which of the following BEST describes when the team and stakeholders identify risks?

1. During the Verify Scope process
2. After the project charter is received and before the work breakdown structure is created.
3. Whenever there is a change to the project
4. Before the project charter is created.

Q7. What is the best way to make an accurate forecast of ETC?

1. EAC - AC
2. BAC – EV
3. Manual forecasting of cost of the remaining work.
4. (BAC – EV)/CPI

Q8. Why is the project change log a prime input to the Manage Stakeholder Engagement process?

1. So that the changes and their impact can be communicated to the appropriate stakeholders
2. So that the new identified changes can be appended to the log
3. So that stakeholders can review the log and prioritize the issues
4. So that the Integrated Change Control process is made redundant

Q9. Mark is managing a telecom network deployment project. The buyer of the telecom network is an external entity. Recently, the customer requested that all future project updates be posted to their information system automatically. In order to implement this, the project team needs to customize their project management information system so it can be integrated with the customer’s information system. This is a new customer requirement that was not a part of the original project’s scope. What should the project manager do?

1. Request that the customer terminate the current contract and award a new contract.
2. Ask the project team to customize the project management information system.
3. Ignore the request; this is outside the project’s scope.
4. Initiate the formal change control process.

Q10. A project team is trying to decrease risk on the project. Management has a good relationship with a seller who is experienced in areas that your company is not experienced in. Management wants all activities with a US $50,000 or higher risk to be transferred to the seller. Management believes that this will remove the impact of those higher risks from the project. Why would this NOT be effective?

1. Working with sellers will add more than the $50,000 of risk to the project.
2. You would have to go through the contracting process.
3. The transference of a risk does not remove all impacts of the risk.
4. Management’s association with the seller is a conflict of interest for the project.