Project Management Question Bank
for Exam preparation

Project Management- Q2. You are in charge of a project developing a complex product that does not resemble anything your organization has done previously. You are using a resource to develop this product, which is in high demand elsewhere in your organization. The project’s timeframe is very aggressive. In order to meet the schedule, only a limited amount of testing is done. Once the testing is completed, the resource is released. The product works fine when being tested, but in production, it performs poorly. This results in a substantial amount of rework and extra costs to reacquire the resource on an overtime basis. Which of the following BEST describes why this project had problems?

1. Poor quality management
2. Poor reporting
3. Poor risk identification
4. Poor resource management

Project Management- Q3. Your project is being completed in another country. It is going reasonably well and is ahead of the cost projections when one of the local officials informs you he will make sure the project work stops unless you pay him $50. What is the BEST thing to do?

1. Make the payment
2. Offer to pay more than the requested amount to get more support from the official in the future.
3. Offer to pay a smaller amount to discourage future requests for larger amounts.
4. Do not make the payment 26

Project Management- Q4. Which of the following MUST be an agenda item at all team meetings?

1. Discussion of project risks
2. Status of current activities
3. Identification of new activities
4. Review of project problems.

Project Management- Q5. The customer wants to expand the product scope after the performance measurement baseline has been established. Which document will the customer need to submit?

1. Change request
2. Project scope statement
3. Performance measurements
4. Activity attributes 02

Project Management- Q6. You have met with your project sponsor who told you that you must complete the project by the end of the year, no exceptions. This should be included in the project scope statement as a:

1. Project Constraint
2. Project Boundary
3. Project Acceptance Criteria
4. Project Assumption

Project Management- Q7. You have a project with a cost of 10,000 USD, and the duration is 10 months. Five months have passed, 45% of the work is completed and you have spent 5,500 USD. The value of this 45% of the work is known as:

1. Planned value
2. Earned value
3. Actual cost
4. Schedule variance

Project Management- Q8. If a risk event has a 90 percent chance of occurring, and the consequences will be US $10,000, what does US $90,000 represent?

1. Risk value
2. Present value
3. Expected monetary value
4. Contingency budget

Project Management- Q9. 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

Project Management- Q10. Which of the following is the BEST method to make reward systems MOST effective?

1. Pay a large salary increase to the best workers
2. Give the team a choice of rewards
3. Make the link between performance and reward clear
4. Present notification of rewards within the company.