Project Management Question Bank
for Exam preparation

Q2. Perform Qualitative Risk Analysis is a quick way to prioritize how a project team will respond to risks. It is based on risk _________________ and _________________.

1. Probability, exposure
2. Probability, impact
3. Probability, focus
4. Exposure, cost

Q3. You are a senior project manager working for RETAMART, a retail shopping network that sells various consumer products. As part of the expansion plan approved by the board of directors, you are assigned as a project manager for a new plant. Due to transportation problems, the project has experienced delays; the Schedule Performance Index (SPI) is at 0.6 and the Cost Performance Index (CPI) is at 0.7. However, you expect some improvements during the next few weeks, which may increase the SPI to 1.1 and the CPI to 0.9. Which of the following statements will be true if your anticipated changes materialize?

1. The project will be overspent and behind schedule.
2. The project will be on schedule and under budget.
3. The project will be overspent but ahead of schedule.
4. The project will be under budget but behind schedule.

Q4. The project is NOT completed until:

1. The project scope is completed, administrative closure is completed, and payment is received.
2. Formal acceptance is received, and any other requirements for project closure as stated in the contract are met
3. The customer is satisfied and final payment is received
4. Lessons learned are completed

Q5. After receiving some news about a delay on one of your project tasks, you review the schedule to determine how it will affect the project. While there is a substantial delay on this task, it is not a critical path item and will not affect delivery of any of your milestones. Another project manager advises you to just present the milestone chart during your meeting with the project stakeholders and tell them the project is progressing as planned. What do you do?

1. Present the project as a milestone chart and advise that the progress is tracking according to plan.
2. Present the schedule in a milestone chart and disclose full details of the delay.
3. Present the schedule in a network diagram and advise that the project is tracking according to plan.
4. Present the schedule as a bar chart and advise that the project is tracking according to plan.

Q6. A functional manager meets with the project manager’s boss to discuss a change to the acceptance criteria for a major deliverable. After the meeting, the boss calls the project manager into his office and tells him to make the change. What is the BEST thing to do?

1. Make the change as soon as possible.
2. Understand the change.
3. Supply the boss with a change form
4. Evaluate the impact of the change.

Q7. The client asks you for some minor changes to the project and you discuss this matter with your team members. One of your team members told you that he thinks that it will not affect any other project objective. What will you do now?

1. Review the request according to integrated change control process
2. Since the team member thinks it will not affect any project objective, implement it
3. Ignore it
4. None of the above

Q8. 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

Q9. Which motivational theory defines the hierarchy of needs?

1. Maslow
2. Deming
3. McGregor
4. Herzberg

Q10. Your boss says that in order to your new product to market sooner, the project must be completed four months earlier. However, he does not want to shorten the schedule if the project cost will go up more than US $22,000. Provided with the chart, which critical path activity(s) would you crash?

1. Activity D
2. Activities A and F
3. Activities A and H
4. Activity C