Project Management Question Bank
for Exam preparation

Q2. Maintaining good supplier relationships should be important to all project managers. A good buyer-seller relationship is a partnership that results in a win-win situation that nurtures both parties. Which of the following is both a short- and long-term benefit of treating a supplier with courtesy, honesty, and fairness?

1. There is no need to have formal contracts in place
2. Delivery of quality products and services at the best price
3. The buyer can delay the payments without jeopardizing the relationship
4. The supplier can charge a price higher than the market price

Q3. Near the end of your last project, additional requirements were demanded by a group of stakeholders when they learned they would be affected by your project. This became a problem because you had not included the time or cost in the project management plan for these requirements. What is the BEST thing you can do to prevent such a problem on future projects?

1. Review the WBS dictionary more thoroughly, looking for incomplete descriptions.
2. Review the project charter more thoroughly, examining the business case for “holes.”
3. Do a more thorough job of procurement planning.
4. Pay more attention to stakeholder management.

Q4. When is Rolling Wave Planning useful in a project?

1. You should use Rolling Wave Planning to help you achieve the appropriate level of detail in each work package at the right time.
2. You should use Rolling Wave Planning to determine the correct sequencing for long-term items.
3. You should use Rolling Wave Planning to help you organize team members' activities within a large project group.
4. You should use Rolling Wave Planning to help you determine which activities are more important and to do them first.

Q5. Lag means:

1. The amount of time an activity can be delayed without delaying the project finish date
2. The amount of time an activity can be delayed without delaying the early start date of its successor.
3. Waiting time
4. The product of a forward and backward pass

Q6. A project manager is unsure of how much cost reserve to add to the project. There is a 50 percent chance of a weather delay causing an impact of US $100,000 and a 30 percent chance of a delay in the testing center with a US $20,000 impact. How much should the cost reserve be?

1. Less than $50,000
2. More than $120,000
3. Less than $20,000
4. More than $56,000

Q7. The sponsor and the project manager are discussing what type of contract the project manager plans to use on the project. The buyer points out that the performing organization spent a lot of money hiring a design team to come up with the design. The project manager is concerned that the risk for the buyer be as small as possible. An advantage of a fixed price contract for the buyer is:

1. Cost risk is lower
2. Cost risk is higher
3. There is little risk
4. Risk is shared by all parties.

Q8. Another project manager in your company is having difficulty managing his project. You have found that he has not used a project charter and that is probably the cause of the problem. How can you help?

1. Provide him with a copy of an article about project charters
2. Work with his boss to get him a mentor
3. Develop a draft project charter for his use.
4. Talk to him about his project and offer help in creating a project charter.

Q9. Earned value measurement is an example of:

1. Performance reporting
2. Planning control
3. Ishikawa diagrams
4. Integrating the project components into a whole.

Q10. Interpersonal skills are also known as soft skills, which are behavioral competencies that help you develop your project management team. Which of the following is not an interpersonal skill which is required to manage the project team?

1. Leadership
2. Rewards
3. Influencing
4. Decision making