Project Management Question Bank
for Exam preparation

Project Management- Q2. Originally a project had four team members. Now the scope has expanded, and there are a total of six people on the project team. How many communication channels does the project have?

1. 6
2. 9
3. 12
4. 15

Project Management- Q3. Which of the following is a TRUE statement about a risk rating matrix?

1. It should be changed for every product
2. It should never be used on a large project
3. It should be standardized between projects
4. It should be developed by the project manager.

Project Management- Q4. A project manager is assigned to a new project and is supplied with a preselected team. What is the FIRST thing the project manager should find out about the team?

1. Each team member wants to get out of the project.
2. What each team member wants to get out of the project.
3. Each team member’s project archives
4. Each team member’s role in the project management plan.

Project Management- Q5. What is the BEST tool/technique that provides expected cost of a procurement by a third party and helps identify significant variations from cost estimates prepared in-house?

1. Screening system
2. Bidder conferences
3. Independent estimates
4. Buyer-conducted performance review

Project Management- Q6. 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

Project Management- Q7. A planning package is a work breakdown structure component below the control account and above the work package with known work content but without:

1. Work packages
2. User stories
3. Schedule activities
4. Requirements

Project Management- Q8. You have been managing a research project to create genetically modified fruits using genetic engineering techniques. Since many legal issues are involved in this process, you created contingency allowances by using various quantitative analysis methods to account for cost uncertainty. You have just concluded a brainstorming session with your team in the execution phase to monitor risks that have developed in the project over the past few weeks and to establish new risk response plans. What should you do if you want to allocate more contingency reserves to account for new risks?

1. Perform the reserve analysis to compare the amount of contingency reserves remaining to the amount of risk remaining
2. Perform Monte Carlo analysis to compare the amount of contingency reserves remaining to the amount of risk remaining
3. Perform the variance and trend analysis to compare planned results to the actual results
4. Perform the quantitative risk analysis to determine the outstanding risks

Project Management- Q9. If a project manager wants to report on the actual project results vs. planned results, he should use a:

1. Trend report.
2. Forecasting report.
3. Status report.
4. Variance report.

Project Management- Q10. A buyer and seller set the rates for junior engineers, senior engineers, architects, and other predefined roles. In what type of contract would this be applicable?

1. Fixed-price with economic price adjustment contract
2. Fixed-price incentive contract
3. Fixed-price contract
4. Time and material contract