Project Management Question Bank
for Exam preparation

Q2. You have been given a project to build a park for a local community. Currently you are developing approaches to involve project stakeholders based on their needs, expectations, interests, and potential impact on the project. Which of the following is not an output of this process?

1. Communication management plan
2. Risk register
3. Stakeholder register
4. None of the above

Q3. 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

Q4. In which of the following contract types does the seller have the most cost risk?

1. Fixed price incentive fee (FPIF)
2. Time and material (T&M)
3. Cost plus award fee (CPAF)
4. Cost plus percentage of costs (CPPC).

Q5. RACI stands for______________, ________________, ___________, _______________.

1. Review, Analyze, Calculate, Implement
2. Responsible, Actual, Complete, Informative
3. Roles, Activities, Costs, Instructions
4. Responsible, Accountable, Consult, Inform

Q6. Determining cost and schedule reserves, identifying risks requiring the most attention, and determining the overall project risk exposure are all part of the processes of Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, and:

1. Plan Risk Responses.
2. Control Risks.
3. Identify Risks.
4. Plan Risk Management

Q7. Three calls were received today inquiring whether one of your resources could be released from your project. There were nine such calls last week. The project is going well and its risky rating is low. Activity R has an early start of 4 and a late start of 45 and an early finish of 14. The project has a cost performance index (CPI) of 1.05 and a schedule performance index (SPI) of 0.893. The project float is zero and even through tough times, the project manager believes the reward system he put in place during the project planning is working. What is the BEST thing to do?

1. Crash the project
2. Crash activity R
3. Deal with diminishing the impact of the phone calls
4. Look for areas to cut cost 47

Q8. Which of the following and is the BEST method of completing “what if” scenarios to determine what combination of resources and interdependence will produce the best schedule?

1. Critical chain method
2. Monte Carlo
3. Parametric estimating
4. Resource leveling

Q9. All of the following are responsibilities of the project manager EXCEPT:

1. Carefully select the appropriate stakeholders for the project.
2. Get stakeholders' sign-off that the requirements are finalized.
3. Figure out when stakeholders will be involved in the project and how extensively.
4. Ask stakeholders to let you know about problems in project communications and relationships.

Q10. You are in the middle of a project when you discover that a software seller for your project is having major difficulty keeping employees due to a labor dispute. Many other projects in your company are also using the company’s services. What should you do?

1. Attempt to keep the required people on your project.
2. Tell the other project managers in your company about the labor problem
3. Contact the company and advise it that you will cancel its work on the project unless it settles its labor dispute.
4. Cease doing business with the company 3