Project Management Question Bank
for Exam preparation

Q2. You are managing a railway track construction project. The construction contract awarded to your company is fixed price and is based on some pre-determined quantities of work to be executed. During the project execution you find out that the actual quantities of work that need to be executed are 20% greater than what has been stated in the contract. What should you do?

1. Bill the buyer the additional scope of work separately without amending the contract
2. Collect necessary evidence and request the buyer to amend the contract with new quantities
3. Engage a third-party arbitrator to help resolve the issue
4. Sue the buyer for stating wrong quantities in the contract

Q3. A project manager on a multinational website implementation project is at a party and talks to friends who will be heavy users of this new website when the project is complete and the site is rolled out. They describe some annoying aspects of the current website. The project manager takes this feedback to the sponsor, and encourages design and scope changes. Which of the following BEST describes what the project manager has done?

1. Scope validation
2. Integrated change control
3. Stakeholder analysis
4. Scope planning

Q4. The primary customer of a project has requested an application change during user testing. As project manager, how should you BEST address this issue?

1. Develop a risk mitigation plan
2. Through a formal change request
3. Inform the project sponsor of changes to the scope cost and schedule
4. Ensure that scope change complies with all relevant contractual provisions

Q5. There are two projects to choose between: Project A with an NPV of US $45,000, or Project B with an NPV of US $85,000. What is the opportunity cost of selecting project B?

1. $45,000
2. $85,000
3. $40,000
4. $130,0000

Q6. Project coordination is enhanced through progress reporting, variance reporting, and team meetings. These are all forms of:

1. Staffing management.
2. Risk management.
3. Time management.
4. Communications management.

Q7. All technical work is completed on the project. Which of the following remains to be done?

1. Validate Scope
2. Plan Risk Responses
3. Create a staffing management plan
4. Complete lessons learned.

Q8. Most project management software packages use a method of constructing a project schedule network diagram known as:

1. Waterfall Method
2. Precedence Diagramming Method
3. Agile Method
4. Just-in-time Method

Q9. In quality terms, one of the meanings of “out of control” is:

1. Someone on the team is upset
2. A data point on a control chart falls inside the upper or lower control limit.
3. Several data points on the same side of the mean within the upper and lower control limits.
4. A data point is within 1 sigma.

Q10. To assist with the selection of a supplier for a large procurement on your project, you have hired a consultant. The consultant has prepared an independent estimate to be used as a benchmark while reviewing bids on the RFP. The independent estimate is confidential and is not shared with any bidders. When the sealed bids are opened, you discover that only one supplier has submitted a quote lower than the independent estimate. All other quotes are 45 percent to 70 percent higher than the benchmark. While discussing this development with members of the project team, you learn a distant relative of the consultant owns the company with the lowest bids. What is the best course of action?

1. Confirm the lowest bidder has understood the requirements and award them the contract
2. Since one of the suppliers knows more than others, you must disclose the independent estimate to all others to be fair
3. Disqualify the lowest bidder
4. Review the RFP specifications and requirements