Project Management Question Bank
for Exam preparation

Q2. Acceptance is a strategy adopted because it is not possible to eliminate all risks from a project. This strategy indicates that the project management team has decided not to change the project management plan to deal with a risk. What action does passive acceptance require?

1. Passive acceptance is no longer adopted in projects and is a poor project management practice.
2. Passive acceptance requires no action except to document the strategy and come up with a risk management strategy.
3. Passive acceptance requires no action.
4. Passive acceptance requires no proactive action except periodic review of the threat.

Q3. Validate Scope is closely related to:

1. Perform Quality Control
2. Sequence Activities
3. Perform Quality Assurance
4. Time Management

Q4. The banks in the Ukraine have raised the annual interest rates sharply to 30 percent. You have the option to invest your money either in Ukrainian banks or to build a small factory for a client. The total cost of building the factory will be $12 million but it will spread evenly over one year ($1 million payable by the end of each month for the next 12 months). The client will make a payment of $3.9 million at the end of each quarter from the start of the project. Which of the following is the best option (if you are only considering the return on investment)?

1. Build the factory for the client
2. Invest the money in the bank for a year
3. Both options offer the same payoff
4. Information given is insufficient to determine the best option

Q5. You are working on an 18-month project with a small, co-located team. The project sponsor and senior management are in another city and have requested weekly updates. The customer requires monthly meetings. Because the team members are busy with the project executing processes, they would like to reduce the frequency of meetings. Which of the following BEST describes how status meetings should be managed on this project?

1. During project executing, you do not need to hold status meetings as long as you send the key stakeholders a status report every week.
2. Once a month the entire team, including senior management, should meet with the customer. You should discuss the details of the previous month’s issues with the customer. You should discuss the details of the previous months’ issues and the current status.
3. During project executing, it is only necessary for the project manager to meet with the customer once a month to fulfil your contractual obligation. Provide the customer once a month to fulfil your contractual obligation. Provide the customer with the status report and copy this report to key stakeholders.
4. The frequency and level of the meetings as well as the format and type of information to be exchanged should be defined in the project’s communications management plan during project planning.

Q6. Which of the following statements most accurately describes a project scenario?

1. Changes in project scope during the initial phases of the project are very expensive.
2. The influence of the stakeholders is the same all through the project.
3. Staffing peaks during the execution phase of a project.
4. The next phase of a project should never start until the deliverables for the previous phase are completely reviewed and approved.

Q7. During the Identify Risks process, a project manager made a long list of risks identified by all the stakeholders using various methods. He then made sure that all the risks were understood and that triggers had been identified. Later, in the Plan Risk Responses process, he took all the risks identified by the stakeholders and determined ways to mitigate them. What has he done wrong?

1. More people should be involved in the Plan Risk Responses process
2. Triggers are not identified until the Identify Risks process.
3. The project manager should have waited until the Perform Qualitative Risk Analysis process to get the stakeholders involved.
4. The project manager should have created workarounds

Q8. What should you do as a senior project manager if the PMP certification claimed by a recently recruited project manager does not appear in the PMI website?

1. Advise your new recruit to complete his certification
2. Report to the PMI
3. Report to the sponsor
4. Request more information from the new recruit

Q9. Though you have tried to plan the project to accommodate all major contingencies, you are now asked for the fifth time to decrease the length of time the project will take to complete. The person completing activity C is no longer talking to you because of the added work she needed to do to accommodate previous decrease in time. She has already told you she cannot shorten her activity any more. The person doing activity D has been replaced by a new and less tested resource. The risk of crashing activity F is small. Based on this and the chart, what is the BEST thing to do?

1. Determine why there have been so many decreases to the project length
2. Invite the person doing activity C to lunch to talk about her problems
3. Evaluate the risk added to the project with the change of resources on activity D
4. Make changes to the project to decrease the time the project will take.

Q10. An activity can be completed in 5 days if the conditions are favorable; however, if the conditions are unfavorable, it will take 10 days to complete. The most likely time for this activity to be completed is 6 days. Determine the PERT estimate for this activity.

1. 6.5
2. 7
3. 5
4. 3.5