Project Management Question Bank
for Exam preparation

Q2. The project has 13 team members and affects over 15 departments in the organization. Because the project is 20 percent complete to date and the team has had successful performance reports from five of the affected departments, the project manager holds a party to celebrate. The project manager invites key stakeholders from all of the departments to the party, in order to give those providing good reviews an informal opportunity to communicate good things to those departments that have not yet been affected by the project. At the party, the project manager walks around to try to discover any relevant information that would help the project be more successful. He happens to hear a manager of one of the departments talking about setting up more regular meetings on the project. The BEST thing for the project manager to do would be to FIRST:

1. Record the effectiveness of the part in the project lessons learned.
2. Review the information distribution methods on the project.
3. Hold a meeting of all the stakeholders to discuss their concerns.
4. Make sure the manager has a copy of the communications management plan so he is reminded that such concerns should be sent to the project manager.

Q3. The project deadline is the end of the year. The project consists of two activities. Activity A has a duration of two months and activity B has a duration of three months. Activities A and B can be performed concurrently. The start date for the project is set for the beginning of July. What is the MAXIMUM duration of the project?

1. Two months
2. Three months
3. Five months
4. Six months 45

Q4. Rick has just been assigned as the project manager of a project to develop a complex product. The project is in the Define Scope phase. Which of these tools and techniques will Rick not use in this phase?

1. Systems analysis
2. Process analysis
3. Product breakdown
4. Value engineering

Q5. You have signed a contract to have a customer care support system built for your company. In this contract, you have mentioned that you will pay all costs incurred plus a monetary benefit if you are happy with the work and the contractor fulfills some conditions set in the contract. What type of contract is this?

1. Cost plus incentive fee
2. Cost plus award fee
3. Time & material
4. Fixed price incentive fee

Q6. You are reviewing seller-prepared documents and quality audits are conducted during the seller’s execution of the work with an objective to identify performance success and failure. What process is this?

1. Conduct Procurement
2. Control Procurement
3. Close Procurement
4. Verify Scope

Q7. Your company is having problems delivering the finished product from the factory to the warehouses, which are located in different geographical areas. To smooth out the process, you have identified all critical stages for this procedure. What will be your next step?

1. You will use a Tornado diagram
2. You will use an Ishikawa diagram
3. You will use a Scatter diagram
4. You will use a Pareto analysis

Q8. After identifying a risk to your project, you determine that there is a high probability of risk occurring with a low consequence. What mitigation strategy is BEST to adopt?

1. Eliminate the consequence of the risk.
2. Avoid the risk
3. Add the risk to the watch list
4. Insure against the risk.

Q9. While preparing your risk responses, you realize that you have not planned for unknown risk events. You need to make adjustments to the project to compensate for unknown risk events. These adjustments are based on your past project experience when unknown risk events occurred and knocked the project off track. What should you do?

1. Include a management reserve in the budget to try to compensate for the unknown risks, and notify management to expect unknown risks to occur.
2. Document the unknown risk items and calculate the expected monetary value based on probability and impact that may result from the occurrence.
3. Determine the unknown risk events and the associated cost; then, add the cost to the project budget as reserves.
4. With the stakeholders, determine a budget of the known risk budget to allocate to a management reserve budget.

Q10. Mary has just assigned Thomas as project manager of an upcoming railway construction project. She hands an approved project charter to Thomas. Once Thomas thoroughly reviews the project charter, what should he do next?

1. Review the charter once again since one thorough review is never enough
2. Kick-start the Develop Project Management Plan process
3. Add the project charter to the organizational lessons-learned archive
4. Distribute the charter to all key project stakeholders and ensure common understanding