Project Management Question Bank
for Exam preparation

Q2. During which part of the risk management process would you complete a risk rating matrix?

1. Identify Risks
2. Perform Qualitative Risk Analysis
3. Control Risks
4. Plan Risk Responses

Q3. A project manager is assigned to a new, high priority project. There are only five available resources because other resources are already committed to projects. The time available to complete the project is less than half the time needed, and the project manager cannot convince management to change the end date. The project manager should:

1. Coordinate with team members the overtime necessary to complete the work
2. Provide the team with opportunities to produce acceptable quality on the work that can be accomplished
3. Look for any scope that can be cut from the project.
4. Use more experienced resources to complete the work faster.

Q4. As a project manager, you are presented with the following information on the net present value (NPV) of several potential projects. Which project is your BEST choice?

1. Project A with an NPV $95,000
2. Project B with an NPV of $120,000
3. Project C with an NPV of $20,000
4. Project D with an NPV of -$30,000

Q5. Which of the following is NOT a reason to measure variances from the baseline?

1. To catch deviations early
2. To allow early corrective action
3. To determine if there are any wild fluctuations
4. To create a project control system

Q6. During which of the following project processes do key stakeholders engage with the project for the first time?

1. Develop Project Charter
2. Identify Stakeholders
3. Collect Requirements
4. Plan Stakeholder Engagement

Q7. Which of the following is not an activity related to the Direct and Manage Project Work process?

1. Inspecting the project deliverables for completeness
2. Implementing approved changes
3. Creating project deliverables to meet the planned project work
4. Performing activities to accomplish project objectives

Q8. The project you are working on has received an invoice from a vendor for US$17,500. However, your team believes the correct total due is US$15,300. When you notify the vendor, the vendor still insists on US$17,500. What is the best course of action now?

1. Pay $15,300
2. Negotiate with the vendor
3. File a lawsuit
4. Pay $17,500

Q9. You are in charge of constructing the Ferris wheel in each town a carnival visits. However, this is something you have never done before, and you are getting different opinions from others on how long it takes. Joe is new and has given you what you believe to be an optimistic estimate of three hours; Bill says it will take 10 hours, which seems too long to you and quite pessimistic. Last, Margie, who is the most experienced at this task, is telling you it will take eight hours. You are not sure whom to believe, so you decide to do three-point estimation (based on beta distribution). Based on this, how many hours will it take you to assemble the Ferris wheel?

1. 7.5 hours
2. 8 hours
3. 21 hours
4. 7 hours

Q10. 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