Project Management Question Bank
for Exam preparation

Q2. You have received a proposal for an RFP that was sent to vendors. One of the vendors has proposed doing the project for $12,500. The cost for the project is $10,000, and their profit will be $2,500. Which type of contract is most suitable if the type of work is predictable and the requirements are well-defined and not likely to change?

1. Cost Plus Fixed Fee
2. Cost Plus Percentage of Cost
3. Fixed price
4. Cost Plus Incentive Fee

Q3. In a SWOT analysis, when you are able to convert threats into opportunities and weaknesses into strengths, it is known as:

1. Conversion strategy
2. Reverse strategy
3. FMEA analysis
4. Benefit realization

Q4. Your project is going full steam and to prepare a monthly report you collect some data and give it to John who is your team member. You ask him to provide you with work performance information. He analyzes the information, compiles the data, and gives you the requested information which includes the status of deliverables, the number of change requests, implementation status for change requests, and forecasted estimates to complete. Among this information, which does not represent the information you requested?

1. Number of change requests
2. Status of deliverables
3. Forecasted estimates to complete
4. Implementation status for change requests

Q5. You are assigned as a project manager to lead a new quality improvement project. Management is asking for a project management plan. Which of the following should you create FIRST?

1. A process assurance plan
2. A quality management plan
3. A project management plan
4. A project scope statement

Q6. You are in the identifying risks process. You are meeting with your team members and stated that the project may be delayed because of the late delivery of certain consumables for your project. Now you ask the team members to find ways in which this problem can occur. What technique are you using here?

1. Assumption and constraint analysis
2. Brainstorming
3. Sensitivity analysis
4. Root cause analysis

Q7. During what part of the project management process is MOST of a project’s budget expended?

1. Planning
2. Executing
3. Monitoring and Controlling
4. Closing

Q8. A project manager has just been assigned to a new project and has been given the approved project charter. The FIRST thing the project manager must do is:

1. Create a project scope statement
2. Confirm that all the stakeholders have had input to the scope
3. Analyze project risk
4. Begin work on a project management plan

Q9. Bill is the project manager of a software project that was originally estimated to be completed in 12 months. Two months into the project, it is discovered that the original estimating assumptions were fundamentally flawed. The Estimate at Completion (EAC) in such a project will be:

1. EAC = AC + Bottom-up ETC
2. EAC = BAC/CPI
3. EAC = AC + [BAC - EV]/CPI
4. EAC = AC + BAC - EV

Q10. A discretionary dependency is one that is based on:

1. Experience
2. The needs of someone outside the project
3. The nature of the work being done
4. The needs of the project sponsor