Project Management Question Bank
for Exam preparation

Project Management- Q2. What percentage of the total distribution is 3 sigma from the mean equal to?

1. 68.26 percent
2. 99.99 percent
3. 95.46 percent
4. 99.73 percent

Project Management- Q3. Allocating ownership of a risk to a third party who is best able to capture the opportunity is an example of ________ the risk.

1. Sharing
2. Enhancing
3. Exploiting
4. Accepting

Project Management- Q4. A project has suffered many delays and the project manager has moved resources around, spent more time with risk management, and even fast tracked the project where possible. The project must be completed by its original agreed-to date, as resources are needed for another project at that time. The project manager is about to meet with the customer to tell them that product scope needs to be cut when you stop him. What would you advise him to do?

1. Cut quality before cutting scope
2. Move resources from a noncritical path to a critical path
3. Work overtime
4. Re-evaluate the project’s business case.

Project Management- Q5. During project executing, an accepted risk occurs, and is handled. However, the project manager notes that the impact was greater than was anticipated. The BEST thing to do would be to:

1. Notify the sponsor
2. Create a workaround
3. Perform additional risk response planning
4. Revisit the Quantitative Risk Analysis process.

Project Management- Q6. The difference between the cost baseline and the cost budget can be BEST described as:

1. The management reserve.
2. The contingency reserve.
3. The project cost estimate
4. The cost account.

Project Management- Q7. While staffing a project in another country, the project leader from that country comes to you with a suggested team consisting of members of the project leader’s family. Your FIRST course of action should be to:

1. Inquire if hiring only through family lines is common practice in the project leader’s country.
2. Review the resumes of the individuals to see if they are qualified.
3. Ask the project leader to provide additional names of people unrelated to him/her.
4. Use a different project leader to prevent problems later in the project.

Project Management- Q8. Crashing is an effective schedule compression technique at times when a project is struggling behind schedule. However, increasing the number of resources to twice the original number of the resources does not always cut the time by half. This is due to:

1. Fast tracking the project
2. Risk mitigation due to crashing the project
3. The law of diminishing returns
4. Critical path analysis

Project Management- Q9. Your project is delayed because of some regulatory issues and the client has asked you to stop the work until he gets government clearance. The project team members are afraid that the project may be terminated early and you may need to enter into the close project process. In which of the following cases will you not perform the close project or close phase process?

1. When the project is terminated due to cost overrun
2. When the project is terminated due to schedule overrun
3. The client decided to terminate the project
4. None of the above

Project Management- Q10. Rearranging resources so that a constant number of resources is used each month is called:

1. Crashing
2. Floating
3. Leveling
4. Fast tracking