Project Management Question Bank
for Exam preparation

Q2. Which of the following is NOT a knowledge management tools and technique?

1. Networking
2. Change requests
3. Knowledge fairs and cafes
4. Storytelling

Q3. You have recently joined an organization as the procurements manager. You have just received an invoice from a contractor. Some of the items from the invoice are as follows: EV of work completed to date: $50,000. AC of work completed to date: $40,000. Total costs reimbursed by the buyer to date: $35,000. If the contract between the buyer and the contractor is a CPIF contract, what is the total value payable to this contractor? (Assume that the contract allows for a 10 percent fee over net payable whenever CPI > 1).

1. $500
2. $5,500
3. $44,000
4. $55,000

Q4. The client informs you that he noticed some parts of the work are not being completed by your team. You ensure him you will look into it and give a proper response after verifying the facts. Which document will you refer to verify it?

1. Scope statement
2. WBS dictionary
3. Schedule baseline
4. WBS

Q5. Your project team works in two different buildings across the city. The team has been struggling to perform effectively and has a difficult time resolving problems. What would be the BEST team development technique to resolve this issue?

1. Mediation
2. Rewards
3. Co-location
4. Training

Q6. The best practice to gather and document lessons learned is during weekly progress meetings. The agenda can have a lessons-learned brainstorming item at the end of these meetings. You can ask team members to put forward their recommendations, but it is always better to adopt a more structured way to gather lessons learned. Which of the following approaches will ensure you capture important lessons learned on your project?

1. Planning risk responses
2. Determining estimate to complete
3. Review of project variances
4. Signing off on the minutes of the meeting

Q7. Which of the following is a chief characteristic of the Delphi technique?

1. Extrapolation from historical records from previous projects
2. Expert opinion
3. Analytical hierarchy process
4. Bottom-up approach.

Q8. You are assigned as the project manager in the middle of a project. The project is within the baselines, but the customer is not happy with the performance of the project. What is the FIRST thing you should do?

1. Discuss it with the project team.
2. Recalculate the baselines.
3. Renegotiate the contract.
4. Meet with the customer.

Q9. As the project manager, you are considering tools and techniques to help control changes to the project schedule. Which of the following would be acceptable options?

1. An online system that routes change requests to the appropriate levels for authorization
2. A paper form that requires a project stakeholder to submit the request in duplicate to the project manager for approval
3. A system that allows rapid approval of all submitted changes
4. An online system that routes changes manually to each required approver followed by impact analysis

Q10. Which estimating method tends to be MOST costly for creating a project cost estimate?

1. Bottom-up
2. Analogous
3. Parametric
4. 50/50 rule