Project Management Question Bank
for Exam preparation

Q2. What do the buyer and seller have in common with regard to Control Procurements?

1. Both parties ensure that they meet their contractual obligations and that their own legal rights are protected.
2. Both parties have specific resources that can be idle.
3. Both parties have a contract change management plan.
4. Each party has its own project plan and legal team.

Q3. A decision tree is a Perform Quantitative Risk Analysis technique. A decision tree is represented by a Decision Tree Diagram. The decision tree describes a situation under consideration, the implications of each of the available choices, and the possible scenarios. A Decision Tree Diagram shows how to make a decision among alternative capital strategies known as:

1. Alternative nodes
2. Question points
3. Decision nodes
4. Checkpoints

Q4. If planned value (PV) is US $29,000, actual cost (AC) is US $32,000, and earned value (EV) is US $30,000, what is the schedule variance (SV)?

1. 0.938
2. $1,000
3. 1.034
4. ($2,000) 19

Q5. Which of the following tools helps you to determine whether the subcontractor’s work is meeting the quality requirements?

1. Quality control
2. Quality audit
3. Inspection of deliverables
4. Delphi technique

Q6. An e-mail is forwarded to you highlighting conflict between two team members. Which conflict resolution technique would you use?

1. Forcing
2. Compromising
3. Avoiding
4. Confronting

Q7. An estimate that is +/-50 percent of actual is considered a:

1. Budget estimate
2. Rough order of magnitude estimate
3. Definitive estimate
4. Parametric estimate.

Q8. A project manager had a complex problem o solve and made a decision about what needed to be done. A few months later, the problem resurfaced. What did the project manager MOST likely not do?

1. Proper risk analysis
2. Confirm that the decision solved the problem
3. Have the project sponsor validate the decision
4. Use an Ishikawa diagram.

Q9. You have just been assigned as project manager for a large telecommunications project. This one-year project is about halfway done. The project team consists of five sellers and 20 of your company’s employees. You want to understand who is responsible for doing what on the project. Where would you find such information?

1. Responsibility assignment matrix
2. Resource histogram
3. Bar chart
4. Project organization chart.

Q10. To create a quality product, the project management team invested in training the project team members and purchasing high-end equipment. Such costs are:

1. Failure costs
2. Costs of Nonconformance
3. Appraisal costs
4. Prevention costs