Project Management Question Bank
for Exam preparation

Q2. Which of these statements is true?

1. The cost of correcting mistakes through an inspection is much less than the cost of preventing them.
2. The cost of preventing mistakes is generally much less than the cost of correcting them as revealed by inspection.
3. It does not matter where a defect is captured as long as the finished work product does not have a defect.
4. The cost of correcting mistakes through an inspection is more or less the same as the cost of preventing them since the same effort goes into both activities.

Q3. You have signed a contract with the client to provide manpower for 50 USD/hour. Moreover, you will also be reimbursed for any costs incurred, along with a fixed fee of 25,000 USD. What kind of contract is this?

1. FPIF
2. T&M
3. CPAF
4. CPIF

Q4. The output of the Validate Scope process is accepted deliverables that are formally signed off by the stakeholders. The stakeholders, on some projects, can get involved with the project as early as:

1. During the project initiation
2. During the project planning
3. During the project execution
4. During the project monitoring & controlling

Q5. The senior analyst on a project came up with Activity Duration Estimates as follows: Activity A: 10 days + a lag of two days; Activity B: 1 week + a lead of three days. The project manager who reviewed these estimates raised some objections to them. What would they most likely be?

1. The analyst should have included percent variance information while mentioning the Activity Duration Estimate. This would indicate a range of possible results.
2. Activity Duration Estimates should not include any lag or lead information.
3. It is advisable not to mix up units such as days and weeks while coming up with Activity Duration Estimates.
4. The Activity Duration Estimate should have also mentioned the predecessor or successor activity to which the lag or lead is attached.

Q6. What type of method uses a weighting ranking system for quantifying qualitative data to minimize the effect of personal bias during the process of selecting a seller?

1. Independent estimates
2. Source Selection Criteria
3. Vendor audits
4. Sourcing workshops

Q7. A schedule performance index (SPI) of 0.76 means:

1. You are over budget
2. You are ahead of schedule
3. You are only progressing at 76 percent of the rate originally planned
4. You are only progressing at 24 percent of the rate originally planned

Q8. You have just walked into your office when you receive an e-mail from the sponsor notifying you that the auditing team will soon be your office to start a risk audit of your project. The next e-mail you receive has been forwarded to you, and involves conflict between two team members. You are immediately bombarded with phone calls from both parties to the e-mail complaining about the other. Which conflict resolution technique would you immediately use with team member?

1. Forcing
2. Compromising
3. Avoiding
4. Confronting

Q9. Seven non-random data points that are still within the upper and lower control limit of a control chart are:

1. Specification limits
2. Out of control
3. In control
4. Gold plated

Q10. A project manager and team from a firm that designs railroad equipment are tasked to design a machine to load stone onto railroad cars. The design allows for two percent spillage, amounting to over two tons of spilled rock per day. In which of the following does the project manager document quality control, quality assurance, and quality improvements for this project?

1. Quality management plan
2. Quality policy
3. Control charts
4. Project management plan