Project Management Question Bank
for Exam preparation

Q2. If a project has a 60 percent chance of a $100,000 profit and a 40 percent chance of a $100,000 loss, the expected monetary value of the project is:

1. $20,000 profit
2. $40,000 loss
3. $100,000 profit
4. $60,000 loss

Q3. What is the difference between the Monitor and Control Project Work process and the Direct and Manage Project Work process?

1. The Monitor and Control Project Work and the Direct and Manage Project Work processes are the same.
2. The Monitor and Control Project Work process monitors the project performance while the Direct and Manage Project Work process is concerned with performing the activities to accomplish project requirements.
3. The Monitor and Control Project Work process is a sub-process of the Direct and Manage Project Work process.
4. There is no such thing as the Monitor and Control Project Work process.

Q4. A project manager received executive orders to deliver the project two weeks earlier than scheduled, doing whatever it takes. He decided that the least costly means would be to add resources to critical path activities in order to shorten the time of those activities. In this case, the project manager has:

1. Fast tracked the critical path part of the project schedule
2. Decomposed the critical path WBS
3. Leveled resources
4. Crashed the critical path

Q5. During an inspection, you are reviewing a chart and notice that a particular process is outside the below specification limit. You instruct your team member to take corrective action. What chart have you reviewed here?

1. Cause and effect diagram
2. Scatter diagram
3. Run chart
4. Control chart

Q6. Conflict management is a tool and technique of which of the following processes?

1. Control Procurements
2. Identify Stakeholders
3. Close Project or Phase
4. Manage Team

Q7. A project is in the middle of the executing processes when a stakeholder suggests a major new change. This change will cause the third major overhaul of the project. At the same time, the project manager discovers that a major work package was not completed because a team member’s boss moved him to another project that had a higher priority. Which of the following is the BEST person for the project manager to address these issues with?

1. The team
2. Senior management
3. The customer
4. The sponsor.

Q8. You are a certified PMP, and the PMI has contacted you as part of an investigation it is conducting into allegations of improper conduct by your manager, who is also a PMP. A complaint has been filed stating your manager has received bribes related to a large procurement contract on another project. PMI has asked whether you could provide information regarding this situation. What should you do?

1. Confront your manager
2. Send PMI project documentation and emails related to the allegations to assist with their investigation
3. Notify the appropriate management immediately
4. Do nothing, citing a conflict of interest

Q9. The Quality Policy is the intended direction of a performing organization with regard to quality. However, as a project manager in a performing organization, you find the organization lacks a formal quality policy. What should you do in such a case?

1. The project management team does not need to develop a quality policy since the performing organization does not have one.
2. The project management team needs to obtain the quality policy from the customer.
3. A quality policy is nice to have but is not required for every project.
4. The project management team will need to develop a quality policy for the project.

Q10. When do stakeholders have the MOST influence on a project?

1. At the beginning of the project.
2. In the middle of the project.
3. At the end of the project.
4. Throughout the project.