Project Management Question Bank
for Exam preparation

Q2. The credibility of your risk management depends on the unbiased probability and impact of identified risks. If these parameters are not correctly assessed, your risk management is not worth following. In which of the following process do you define the definition of probability of risks?

1. Plan risk management
2. Identify risks
3. Plan risk responses
4. Perform qualitative risk analysis

Q3. A first-time project manager was assigned to a project that had a duration of three months. In order to get a head start on the project, the manager took an older, completed the project and incorporated all the tools, techniques, and checklists in their entirety from that project into the current one. The older project was completed in 14 months’ time and was remarkably similar in nature. The most appropriate comment on this would be:

1. This is an excellent example of re-use of artifacts from prior projects.
2. This may be unnecessary. The project management team needs to decide what is appropriate for the project.
3. This is not the correct procedure. The project manager should always create processes and documents afresh for new projects.
4. This is not correct. The project manager is violating copyright and intellectual property rights of the organization's prior customers.

Q4. The scope baseline can BEST be said to include the:

1. WBS and project scope statement
2. Project scope management plan and project scope statement
3. Project scope management plan and WBS
4. WBS and project charter

Q5. All of the following result from quality audits EXCEPT:

1. Determination of whether project activities comply with organizational policies
2. Improved processes to increase productivity
3. Creation of quality metrics
4. Confirmation of the implementation of approved change requests

Q6. During the planning phase of your project, your team decided to procure a certain brand of hardware because it had the lowest price and came with free shipping and installation. This approach saved $6,000 over the other brands. Since that purchase, however, you discovered the annual maintenance costs for this hardware are $2,500 per year, and $12,500 over the life of the hardware. These costs were not budgeted in the project, nor were they included in the Total Cost of Ownership (TCO) analysis that was part of the project business case. What should you do?

1. Request a new budget
2. Notify the stakeholders immediately
3. Revise the business case
4. Do nothing. This will not affect the project budget

Q7. Many organizations consider contract administration to be an administrative function separate from the project organization. Who carries out the function of contract administration in such organizations?

1. The Project Manager
2. The Procurement Advisor
3. The Procurement Administrator
4. The Contract Advisor

Q8. To control the schedule, a project manager is reanalyzing the project to predict project duration. This is done by analyzing the sequence of activities with the least amount of flexibility. What technique is being used?

1. Leads and lags
2. Work Breakdown Structure
3. Flowchart
4. Critical Path Method

Q9. You have received many bids from contractors and are now separating them according to their experience, technical expertise, and capabilities. After segregating these responses, you are reviewing them to see if they are capable of doing the job or not. What process is this?

1. Conduct procurement
2. Plan procurement management
3. Proposal evaluation technique
4. Manage quality

Q10. Which of the following BEST describes the project manager’s role as an integrator?

1. Put all the pieces of a project into a cohesive whole
2. Help team members become familiar with the project.
3. Put all the pieces of a project into a program
4. Get all the team members together into a cohesive whole