Project Management Question Bank
for Exam preparation

Q2. You are developing the project management plan. Management asks you to provide them with information on the chances of completing the project under different circumstances. The project is important and so management does not want to delay the schedule. You compile the data and use a tool and tell management that there is a 90% chance you can complete the project within the schedule, however, if you are given three weeks of extra time, the chance of completing project rises to 98%. Which of the following statements is true about the tool you have used to come up with this information?

1. It is a perform qualitative risk analysis process technique
2. It is a perform quantitative risk analysis process technique
3. It is a control quality process technique
4. It is a technique of the determine budget process

Q3. You have recently joined a new company as a project manager. While reviewing the procurement plans for a project you will be taking over, you see that the company is considering using one of the most expensive manufacturers to provide certain equipment required for the project. At your previous employer, you had used a different supplier for the same equipment and had paid significantly less. Without telling your boss, you now call that supplier for a quote. Have you violated the rule of keeping proprietary information confidential?

1. Maybe. You need to talk to your boss first.
2. No. There is no harm in sharing the information with your current employer, because you are no longer working for your old employer.
3. Yes. The supply source is proprietary information, and you should not contact the supplier.
4. You have not violated any rule.

Q4. A project manager is finalizing a project that has had repeated problems with cost conformance. He is concerned about what management will say. Which of the following types of information would be BES for the project manager to use to evaluate performance?

1. The cost performance index (CPI)
2. A list of complaints from senior management
3. The last bar chart
4. The project budget 11

Q5. Which of the following is generally the MOST CORRECT use of a project network diagram?

1. Showing the project schedule
2. Documenting activity interdependencies
3. Defining project resources
4. Defining project costs

Q6. You are a project manager for a major information systems project. Someone from the quality department comes to see you about beginning a quality audit of your project. The team, already under pressure to complete the project as soon as possible, objects to the audit. You should explain to the team that the purpose of a quality audit is:

1. Part of an ISO 9000 investigation
2. To check if the customer is following the quality process
3. To identify inefficient and ineffective policies.
4. To check the accuracy of costs submitted by the team.

Q7. Based on the chart, some of the identified risks do not occur and therefore activity B gets done in three. What is the effect on the project?

1. The project is complete
2. There will be three critical paths.
3. Activity A will have more float
4. The project will complete sooner if activity F starts immediately 58

Q8. Which of the following BEST describes when additional risk responses are documented?

1. When you are in the Plan Risk Management process
2. When an unknown risk occurs
3. When the impact of a known risk event is more significant than expected
4. When a risk due to happen multiple times on a project does not occur the first time it is expected.

Q9. There is a probability of 0.1 that a given risk will occur in a project. If it occurs, it will result in a loss of US $10,000. The insurance cost for this event is US $700, with a deductible amount of US $250. Should a rational project manager buy this insurance?

1. Yes, since $1,000 > $950.
2. Yes, since $1,000 > $700.
3. No, since the deductible amount changes the expected monetary value of the risk event.
4. No, since $1,250 > $1,000.

Q10. You have been assigned as a project manager for a project which was terminated a few years earlier due to some government regulations. Now you reviewing this document to start again. This document is an example of:

1. Enterprise environment factor
2. Organizational process assets
3. Stakeholder analysis
4. Control scope