Project Management Question Bank
for Exam preparation

Q2. While rating a proposal, one of the requirements was: "The proposed project manager needs to be a certified Project Management Professional, PMP®" This is an example of:

1. Constraints
2. Source Selection Criteria
3. Assumptions
4. Good practice

Q3. You are performing administrative closure during the Close Project process. Upon completion of this process, you will have project archives, formal acceptance, and:

1. Project reports
2. Lessons learned
3. Performance measurement documentation
4. Statement of work updates 5

Q4. Projects operating in agile environments where a high degree of uncertainty exists and where the scope is not yet fully defined, may not benefit from detailed cost calculations due to frequent changes. Instead, lightweight estimation methods can be used to generate a fast, high-level forecast of project labor costs, which can then be easily adjusted as changes arise. Detailed estimates are:

1. Reserved for short-term planning horizons in a just-in-time fashion.
2. Never developed in an agile project.
3. Only developed if the project stakeholders allow the project manager to do so.
4. Developed early during the project but are never updated due to frequent changes.

Q5. In a project that was yet to begin, many of the project team members were known in advance. This is:

1. Proactive planning
2. Skill matching
3. Pre-assignment
4. Staffing assignment

Q6. The BEST method to control costs is to:

1. Estimate at the beginning of the project and then check costs against the baseline
2. Estimate during the execution of the project and then manage each activity to the budget.
3. Estimate during planning and then re-estimate before each activity begins
4. Estimate during the initiation of the project and have management confirm the estimates.

Q7. You have been appointed manager of a project to convert multiple electronic mail systems at a major financial institution to a single platform. Your company’s approach was not the client’s first choice, and your firm was able to be the lowest cost alternative by using funds provided to your company for a different purpose. After the project is underway, the client specifies a new approach that has never been used before. When the project is approaching the originally scheduled end date, it becomes clear that the technological approach will have to be significantly altered. Although the client has been apprized of development throughout the project through regular status reports, and the project management plan has been followed, the client demands that the project be continued without any increase in cost until all of the client’s requirements are met. Your firm feels hat it has no choice but to comply with the client’s demands, although this will result in a substantial loss on the project. What was the MOST important thing that should have been done to avoid this situation?

1. Better identification of risks and development of risk mitigation strategies
2. Clearer project scope statement
3. Enhanced communications management plan
4. Formal client acceptance of the project management plan.

Q8. Performance reporting is important during administrative closure, in order to:

1. Show progress made on activities.
2. Communicate the team’s success.
3. Gain approval to start the lesions learned.
4. Prove formal acceptance has been achieved.

Q9. The cost of running a project management office is an example of what type of cost?

1. Reimbursable
2. Fixed
3. Direct
4. Indirect

Q10. Halfway through the executing process of your project, a team member alerts you to a potential cost overrun for a specific deliverable. What do you do FIRST?

1. Determine the projected actual cost
2. Implement a change control process to track the change
3. Inform the customer.
4. Determine the cause of the overage