Project Management Question Bank
for Exam preparation

Q2. Due to improper cost planning, your cost performance is not as planned and you are over budget. Therefore, you again estimate the cost of the project and find that you will require more money to complete the project. This will require an update of the cost baseline. What will you do?

1. Update the cost baseline
2. Raise the change request to update the cost baseline
3. Update the cost baseline and inform management
4. None of the above

Q3. A manager asked to see a list of milestones in the project. This would be available as an output from the:

1. Sequence Activities process
2. Define Scope process
3. Estimate Activity Durations process
4. Define Activities process

Q4. You manage an airport construction project. Since sophisticated technology and systems are involved, your project procurements require significant lead times. Your procurement specialist has recently proposed a new procurements management process that will significantly reduce these lead times and result in cost savings for the project. Besides implementing this new process, what else should you do?

1. Resell your current inventory at the purchase price
2. Shut down the project warehouse
3. Update the lessons-learned database
4. Do not include the over-processing costs

Q5. You are a project manager for a new product development project that has four levels in the work breakdown structure. The network diagram has been created, the duration estimates have been compressed, and a schedule has been developed. What schedule management activity should you do NEXT?

1. Control Schedule
2. Estimate Activity Resources
3. Analogously estimate the schedule
4. Gain approval

Q6. Julia is managing a complex industrial process reengineering project. She has identified all her key project stakeholders and has conducted individual interviews with them to identify other project stakeholders, as well. However, Julia is still not satisfied with her project’s stakeholders list; she believes there may be more key external stakeholders missing from the list. What can help Julia in this situation?

1. Use stakeholder register templates from the organizational process assets
2. Conduct more meetings with the key stakeholders
3. Get over her fear and finalize the project stakeholder register
4. Seek expert judgment from subject matter experts

Q7. When one factor used to determine the effort required to produce a unit of work is increased while all other factors remain fixed, a point will eventually be reached at which additions of that one factor start to yield progressively decreased productivity. This is known as:

1. The 100 percent rule
2. The Pareto Law
3. The law of diminishing returns
4. The theory of constraints

Q8. Your project sponsor is extremely happy with the project performance to date. To celebrate, he wants to hold a party with dancing and liquor for the entire team. You are concerned because the company policy states that “no alcohol can be served at company events.” What should you do?

1. The project sponsor is responsible. Hold the event as a good teambuilding experience.
2. Inform human resources that the sponsor is serving alcohol at a company function
3. Tell the project sponsor that the party is a great idea, but no alcohol can be served.
4. Suggest the event be held outside of working hours

Q9. Which of the following is not an input to the Develop Project Charter process?

1. Agreements
2. Business Case
3. Benefits management plan
4. Stakeholder register

Q10. A project manager needs to analyze the project costs to find ways to decrease costs. IT would be BEST if the project manager looks at:

1. Variable costs and fixed costs
2. Fixed costs and indirect costs.
3. Direct costs and variable costs
4. Indirect costs and direct costs