Project Management Question Bank
for Exam preparation

Q2. A report that is focused on predicting future project status is called a:

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

Q3. Your project is being completed in another country. It is going reasonably well and is ahead of the cost projections when one of the local officials informs you he will make sure the project work stops unless you pay him $50. What is the BEST thing to do?

1. Make the payment
2. Offer to pay more than the requested amount to get more support from the official in the future.
3. Offer to pay a smaller amount to discourage future requests for larger amounts.
4. Do not make the payment 26

Q4. All of the following are relevant for analyzing a cost overrun, EXCEPT:

1. Labor rates
2. Resources used
3. Communications management plan
4. Lag

Q5. As a result of your analysis of the risks on the project, you have decided to remove a team member from the project team in order to decrease the overall project risk. What is this an example of?

1. Transference
2. Resource analysis
3. Avoidance
4. Acceptance

Q6. Melissa is managing a hardware deployment project and is creating a risk management plan. Which of the following would not be included in this plan?

1. Templates
2. Roles and responsibilities
3. Budgeting
4. Methodology

Q7. Your project team has recently identified a risk in the software development project and decided not to change the project management plan to deal with the risk. The risk response strategy that your team used in this scenario is an example of:

1. Mitigate
2. Transfer
3. Avoid
4. Acceptance

Q8. There have been many work packages completed successfully on the project, and the sponsor has made some recommendations for improvements. The project is on schedule to meet an aggressive deadline when the successor activity to a critical path activity suffers a major setback. The activity has 14 days of float and is being completed by four people. There are two other team members with the skill set to assist the troubled activity, if needed. The project manager receives a call that three other team members are attempting to be removed from the project because they do not feel the project can be successful. When the project manager pursues this, he discovers that those team members have issues that have not been addressed. Which of the following is the BEST thing to do to improve the project?

1. Have the team members immediately assist the troubled activity.
2. Investigate why the project schedule is aggressive.
3. See who can replace the three team members.
4. Create an issue log.

Q9. Your company is considering buying a building worth $1 million. If the company buys this building and rents it out for the next five years, it will get $100,000 per year as rent (receivable by the end of each year). At the end of the fifth year, the company will resell the building at $1.1 million. What is the NPV of this investment at 10 percent per annum discount rate?

1. 62092
2. 600000
3. 1600000
4. 2200000

Q10. On any project, the configuration control should be focused on the specification of:

1. Deliverables and processes
2. Scope and cost
3. Risk and resources
4. Schedule and quality