Project Management Question Bank
for Exam preparation

Q2. Approved corrective action is an input to which of the following processes?

1. Validate Scope
2. Direct and Manage Project Work
3. Develop Project Charter
4. Develop Schedule

Q3. Which of the following helps determine the probability of completing a project on any specific day?

1. Network diagram.
2. Monte Carlo analysis.
3. Qualitative risk analysis.
4. Precision testing.

Q4. Lee is the project manager of a project, and he is planning responses to a set of risks. As a direct result of implementing these risk responses, he anticipates certain other risks to arise. These are:

1. Secondary risks
2. Primary risks
3. Planned risks
4. Workaround

Q5. A project manager ha a very large project budget, the team lacks experience and adequate management support. Under these circumstances, what is the MOST effective way to get the work completed?

1. Provide bonuses for meeting specific quality measures
2. Inform the team members that they will be fired if they do not perform
3. Spend some of the project budget taking the team member’s bosses to lunch and discuss the benefits of the project.
4. Inform the team they do not need to worry because the project manager will provide the technical expertise.

Q6. You are in the middle of a new product development project for your publicly traded company when you discover that the previous project manager made a $3,000,000 payment that was not approved in accordance with your company policies. Luckily, the project cost performance index (CPI) is 1.2. What should you do?

1. Put the payment in an escrow account.
2. Bury the cost in the largest cost center available.
3. Ignore the payment
4. Contact your manager

Q7. You are aware that cost and schedule risks are prevalent in your project. You want to compare the planned project performance with its actual performance during the Monitor Risks process. What should you perform to provide this information?

1. Reserve analysis
2. Risk audit
3. Risk reassessment
4. Technical Performance Analysis

Q8. There are a number of risks that have been identified in your project. The team has decided not to change the project plan to deal with the risks, but they have established a contingency reserve of money in the event something triggers these risks. This is an example of what type of risk mitigation technique?

1. Contingent Response Strategy
2. Active acceptance
3. Passive acceptance
4. Avoidance

Q9. A system development project is nearing project closing when a previously unidentified risk is discovered. This could potentially affect the project’s overall ability to deliver. What should be done NEXT?

1. Alert the project sponsor of potential impacts to cost, scope, or schedule
2. Qualify the risk
3. Mitigate this risk by developing a risk response plan
4. Develop a workaround.

Q10. Tracey is managing an ERP system implementation project. Which of the following tools can help her uncover a number of hidden process requirements during the Collect Requirements process?

1. Observation
2. Questionnaires
3. Surveys
4. Nominal group technique