Project Management Question Bank
for Exam preparation

Q2. You are just about to present your project’s status to your company’s executive team. Just as you are leaving your desk for the meeting, one of your resources hands you an updated report on the progress of a critical deliverable. As you are walking to the conference room, you review the report and notice there is an error in it. What do you do?

1. Do not report on that part of the project
2. Disclose that you have just discovered there is an error in some of the information you intended to present and only present the information that you know is true
3. Cancel the meeting
4. Present the information as-it-is and revise it in the meeting minutes, which will be sent after two days

Q3. Your project no longer ties into the company’s objectives. What would be the BEST thing to do?

1. Decrease the cost
2. Extend the schedule
3. Change the CPI
4. Change the target opportunity cost

Q4. A stakeholder register contains all the information about the stakeholders. Which of the following is not included in the stakeholder register?

1. List of stakeholders
2. Stakeholders’ classification
3. Responsibility of assignments
4. None of the above

Q5. A scope change has been approved by the change control board. Which of the following MUST be impacted?

1. The early start date of the activities later in the network diagram
2. The cost of the project
3. The expected monetary value of project risks
4. The number of resources used on the project

Q6. Which of the following would be the BEST project to select?

1. A project that will take six years to complete and has an NPV of $45,000
2. A project that will take three years to complete and has an NPV of $85,000
3. A project that will take eight years to complete and has an NPV of $30,000
4. A project that will take 10 years to complete and has an NPV of $60,000

Q7. Andy is currently working for ABC Contractors as a quality control manager for a railway track construction project. National Railways awarded this cost-plus construction contract to ABC Contractors a few months ago. As a contractual requirement, ABC Contractors has to submit each completed deliverable for client acceptance. Reviewing project data, Andy found that the current submission rejection rate is 22 percent. He conducts a root cause analysis and submits his findings along with construction process improvement recommendations to the project director. In this scenario, Andy’s report is an example of:

1. Work performance data
2. Raw observations
3. Work performance information
4. Work control report

Q8. Which of the following gives you the cost estimate of your project if you continue to perform with the same cost performance?

1. ETC
2. VAC
3. EAC
4. BAC

Q9. At the beginning of the project, a project manager realized the technical expertise of the team was limited, a risk to the project. Midway through the project, the project manager decided that this was no longer a risk and considered it outdated. As part of which process would he do the risk reassessment?

1. Perform Qualitative Risk Analysis
2. Perform Quantitative Risk Analysis
3. Perform Risk Assessment
4. Monitor Risks

Q10. As an external vendor, you are managing a complex software project on a time-and-materials (T&M) contract. One of your team members reports a breakthrough in automating some of the testing activities. This may result in cost savings to the project and completion of the project one month ahead of schedule. Which of the following actions would you take?

1. This is confidential information within your project team and there is no need to share with the customer. The savings will be additional profits on the project.
2. Communicate the current status and inform the customer you will incorporate some additional features to use up the savings in cost and time since it was budgeted.
3. Communicate the current status to the customer and indicate the potential changes to cost and schedule.
4. Communicate the savings in cost and time to the customer. At the end of the project, notify your billing department that they need to prepare an invoice for 50 percent of the cost saved.