Project Management Question Bank
for Exam preparation

Q2. A project manager asked various stakeholders to determine the probability and impact of a number of risks. He then analyzed assumptions. He is about to move to the next step of risk management. Based on this information, what has the project manager forgotten to do?

1. Evaluate tends in risk analysis.
2. Identify triggers.
3. Provide a standardized risk rating matrix.
4. Create a fallback plan.

Q3. Which of these precedence relationships is most commonly used in the Precedence Diagramming Method?

1. Finish-to-Start
2. Start-to-Finish
3. Start-to-Start
4. Finish-to-Finish

Q4. You have been appointed manager of a project to convert multiple electronic mail systems at a major financial institution to a single platform. Your company’s approach was not the client’s first choice, and your firm was able to be the lowest cost alternative by using funds provided to your company for a different purpose. After the project is underway, the client specifies a new approach that has never been used before. When the project is approaching the originally scheduled end date, it becomes clear that the technological approach will have to be significantly altered. Although the client has been apprized of development throughout the project through regular status reports, and the project management plan has been followed, the client demands that the project be continued without any increase in cost until all of the client’s requirements are met. Your firm feels hat it has no choice but to comply with the client’s demands, although this will result in a substantial loss on the project. What was the MOST important thing that should have been done to avoid this situation?

1. Better identification of risks and development of risk mitigation strategies
2. Clearer project scope statement
3. Enhanced communications management plan
4. Formal client acceptance of the project management plan.

Q5. A project is considered closed when the:

1. Client accepts the product
2. Lessons learned are completed
3. Archives are completed
4. Contract is finished

Q6. You are building a mansion that will have copper roofs. The duration of the project will be approximately three years. You have built into the contract that, as the price of copper increases, your price increases as a percentage of the cost of the copper. However, all other costs are fixed. This is an example of what type of contract?

1. Fixed Price with Economic Price Adjustment
2. Fixed Price Incentive Fee
3. Unit Price
4. Time and Materials

Q7. Which of the following contains an item that is NOT an output of the Plan Procurements process?

1. Procurement management plan, procurement documents, procurement contract award
2. Procurement statement of work, procurement management plan, make-or-buy decisions
3. Requested changes, procurement management plan, source selection criteria
4. Make-or-buy decisions, procurement statement of work, change requests.

Q8. A cost performance plan contains a description of:

1. The project costs.
2. How resources are allocated.
3. The budgets and how they were calculated.
4. The WBS level at which earned value will be calculated.

Q9. A project team has invited many of the project stakeholders to help them inspect quality on the project. Which of the following would NOT be an output of this activity?

1. Quality management plan
2. Quality control measurement
3. Recommend preventative actions
4. Validated deliverables

Q10. While reading a magazine article, you discover that there is a tool of project management that other companies are using, but that your company has never heard of. What should you do?

1. Copy the article and pass it around your company
2. Talk to your colleagues and see if they know about it.
3. Arrange a meeting with your manager to discuss it
4. Summarize your opinion of the benefits of using this information in your company. Present your analysis to your manager