Project Management Question Bank
for Exam preparation

Q2. A project manager is trying to plan for a contingency reserve as part of the cost estimates for the project. Which of these would be an incorrect way to plan for contingency reserves?

1. Start the project with a zero value for contingency reserve.
2. Plan for contingency reserve as a fixed number.
3. Plan for contingency reserve as a percentage of the estimated cost.
4. Use quantitative analysis methods to arrive at the contingency reserve.

Q3. To create a quality product, the project management team invested in training the project team members and purchasing high-end equipment. Such costs are:

1. Failure costs
2. Costs of Nonconformance
3. Appraisal costs
4. Prevention costs

Q4. In a project that was yet to begin, many of the project team members were known in advance. This is:

1. Proactive planning
2. Skill matching
3. Pre-assignment
4. Staffing assignment

Q5. The performance reports produced during the Control Procurements process are then provided to which project management process for further processing?

1. Monitor & Control Project Work in the form of work performance information
2. Direct & Manage Project Work in the form of work performance data
3. Perform Integrated Change Control in the form of a change request
4. Performance report is not an output of the Control Procurement process

Q6. You are constructing an office building. Work has started and you are in the middle of your project. You feel that if you add one more floor to the building it will cost much less than if the client decides to add it in the future. This change, however, will lead to a change in various baselines and the project charter as well. Therefore, you discuss the issue with all relevant stakeholders, and after their agreement, you process these change requests. In all of these changes, who is responsible for making this change in the project charter?

1. The project manager
2. The client
3. Management
4. The project management team

Q7. Your project team has identified dependencies on six related projects that are providing major deliverables to your project. Some of these projects have a very similar scope and may overlap with your deliverables. In light of this, which of the following processes should you be MOST concerned about?

1. Control Scope
2. Verify Scope
3. Plan Risk Responses
4. Plan Communications.

Q8. You have completed a milestone in your software development project, and you are now verifying that the product meets the specifications outlined in the project management plan. In which process group is this process?

1. Closing
2. Monitor and Controlling
3. Executing
4. Planning

Q9. Different types of contracts are appropriate for different types of purchases. Which of these is not one of the three broad categories of contracts?

1. Cost-reimbursable
2. Time and Material
3. Fixed-price or lump sum
4. Fixed assessment

Q10. Your project team is having a dispute with a vendor about whether a specific task is within the project’s scope. The scope statement does not provide implementation-level details that could resolve this dispute. There is no WBS, however, because the project sponsor insisted that the project be started right away without pausing to create standard project planning documentation. Who is at fault?

1. The project manager
2. The project sponsor
3. The project stakeholders
4. The project vendor