Project Management Question Bank
for Exam preparation

Q2. Quality is:

1. Meeting and exceeding the customer’s expectations
2. Adding extras to make the customer happy
3. The degree to which the project meets requirements
4. Conformance to management’s requirements.

Q3. All the following activities are performed in the Close Project or Phase process except:

1. Activities that fulfill the exit criteria of the project
2. Sending the deliverables to the customer for acceptance
3. Activities that are needed to transfer the completed products to operations
4. Documenting the reasons for terminating the projects early

Q4. You have been assigned as the project manager for a construction project that has had two previous project managers, when you discover that a deliverable will be late. Your analysis shows that the item can be purchased from another seller at a higher price without affecting the schedule. What is the BEST thing to do?

1. Evaluate the impact of the decision
2. Discuss the impact with the customer and ask for a decision
3. Crash or fast track the project.
4. Change the project management plan to reflect the new due date.

Q5. You have recently joined an organization as the procurements manager. You have just received an invoice from a contractor. Some of the items from the invoice are as follows: EV of work completed to date: $50,000. AC of work completed to date: $40,000. Total costs reimbursed by the buyer to date: $35,000. If the contract between the buyer and the contractor is a CPIF contract, what is the total value payable to this contractor? (Assume that the contract allows for a 10 percent fee over net payable whenever CPI > 1).

1. $500
2. $5,500
3. $44,000
4. $55,000

Q6. A project manager is finalizing the resources for the project team. All of the following will help the project manager complete this work EXCEPT:

1. Staffing pool description
2. Work breakdown structure
3. Staffing management plan
4. Reward and recognition systems.

Q7. “What information needs to be collected when” is part of which of the following?

1. Formal reporting
2. Plan communications
3. Stakeholder management
4. Earned value

Q8. All of the following are factors in the assessment of project risk EXCEPT:

1. Risk event
2. Risk probability
3. Amount at stake
4. Insurance premiums.

Q9. Recently, a junior team member has challenged the project management approach since not all requirements identified during the Collect Requirements process were documented in the project scope statement. You are the project manager, what should you do first?

1. Remove the junior team member from the team as this is a disciplinary issue.
2. Analyze the objection and determine if the requirements were deliberately dropped during the Define Scope process.
3. Engage the project sponsor to resolve the issue.
4. Accept your mistake and include the missed requirements.

Q10. Variance analysis refers to cost performance measurements used to determine the magnitude of variation in comparison to the original cost baseline. What is the trend on the percentage range of acceptable variances as the project progresses?

1. The percentage range of acceptable variances will tend to decrease as the project progresses.
2. The percentage range of acceptable variances will tend to increase as the project progresses.
3. The percentage range of acceptable variances will tend to decrease first and then increase as the project progresses beyond 50 percent completion.
4. The percentage range of acceptable variances remain the same as the project progresses.