Project Management Question Bank
for Exam preparation

Q2. You are the project manager for one part of a new program in your organization. You are four months into a three-year project when your project team makes significant discoveries on your project. What is the BEST thing to do?

1. Make certain the discoveries are included in the project lessons learned
2. Make certain the discoveries are in the monthly status report.
3. Make certain you mention the discoveries at the senior management meeting in two months
4. At the weekly meeting, make certain you tell the other project managers involved in this program about the discoveries.

Q3. Two team members come to you with a dispute regarding their roles and responsibilities. To resolve the dispute, which document will you refer to?

1. Resource histogram
2. RAM matrix
3. Scatter diagram
4. Stakeholder register

Q4. You are managing a multi-million dollar project that is a joint venture between your company and another organization. You have repeatedly tried to get the contact and the project charter finalized between the two organizations, but there has been a great deal of arguing over language and details. The project’s scope has been expanding, cost has been increasing, and the schedule has regularly been lengthening. You learn very suddenly that the project has been cancelled because the other organization withdrew its share of the funding for the project. What is the MOST likely reason that this occurred?

1. Failure to understand the budgetary process
2. Inadequate scope management
3. Lack of sponsor commitment
4. Poorly done initial cost-benefit analysis

Q5. You have two activities with Finish to Start sequences. The duration of the first activity is 10 days, and the duration of the second activity is 8 days. The estimated time completed for these activities is 18 days. The client asks you complete these activities within 15 days; you review his request and agree to do so at no extra cost. Now, you plan to start the second activity three days before the first activity completes so that both activities can be completed in 15 days. This process is known as:

1. Schedule modification
2. Fast tracking
3. Crashing
4. None of the above

Q6. During which stages of a project should the project manager be most active in managing project stakeholders’ needs and expectations?

1. Initiating and planning
2. Planning and executing
3. Executing and controlling
4. Controlling and closing

Q7. A team member from research and development tells you that her work is too creative to provide you with a fixed single estimate for the activity. You both decide to use the average labour hours per installation from past projects to predict the future. This is an example of which of the following?

1. Parametric estimating
2. Three-point estimating
3. Analogous estimating
4. Monte Carlo analysis 48

Q8. As the project manager of a project, you had estimated certain activity durations before acquiring all project team members. On acquisition, you find that their actual competency levels are much lower than what you anticipated. In such a case, you will:

1. Make no changes to the schedule
2. Ask the project team members to meet the original schedule by putting in overtime, if required
3. Make changes to activity duration and schedule incorporating the changed competency levels
4. Inform the customer that the project is behind schedule

Q9. You are the project manager for Wicked Fast Cars Corp. You are working on a project for the Human Resources department that is scheduled to take one year. After three months into the project, you calculate the EV at $35,000 and the PV at $45,000. Which option below represents the value for the SV?

1. ($10,000)
2. 1.29
3. 0.78
4. $10,000

Q10. You have always been asked by your management to cut your project estimate by 10 percent after you have given it to them. The scope of your new project is unclear and there are over 30 stakeholders. Management expects a 25 percent reduction in downtime as a result of the project. Which of the following is the BEST course of action in this situation?

1. Re-plan to achieve a 35 percent improvement in downtime
2. Reduce the estimates and note the changes in the risk response plan
3. Provide an accurate estimate of the actual costs and be able to support your estimate
4. Meet with the team to identify where you can find 10 percent savings.