Project Management Question Bank
for Exam preparation

Q2. Which statement is TRUE of quality planning?

1. Quality planning should be performed regularly throughout the project
2. Quality planning is done to compile a risk response plan
3. Quality planning is done only during development of a project management plan
4. Quality planning is not considered during project executing.

Q3. The level of detail of performance reports is described in the:

1. Project charter.
2. Communications management plan.
3. Monthly requests for information by management.
4. Project’s monthly needs.

Q4. You have received a proposal for an RFP that was sent to vendors. One of the vendors has proposed doing the project for $12,500. The cost for the project is $10,000, and their profit will be $2,500. Which type of contract is most suitable if the type of work is predictable and the requirements are well-defined and not likely to change?

1. Cost Plus Fixed Fee
2. Cost Plus Percentage of Cost
3. Fixed price
4. Cost Plus Incentive Fee

Q5. A plan for establishing the criteria for developing and controlling the project schedule is BEST described as part of the:

1. Schedule management plan
2. Schedule model
3. Activity attributes
4. Schedule network analysis

Q6. Change requests are an output of which processes?

1. Manage Project Team and Report Performance
2. Manage Stakeholder Expectation and Determine Budget
3. Define Scope and Plan Communications
4. Plan Procurements and Perform Qualitative Risk Analysis.

Q7. The project manager is working on a high-profile project where completing the project within budget is critical. The project manager is new, but well trained and is excited to see that the project is spending less than budgeted. As a result, the project manager was planning to take a holiday when a more senior project manager warned him that he has some important work to do on the project. Why would the senior project manager give such a warning on this project?

1. The project manager needs to create a project control system to make sure there are no problems in the future.
2. Under budget could mean that work that was scheduled to e done has not been completed. The project manager should look at how the cost performance compares to the schedule performance
3. A project that is under budget may also have contracts that need to be managed.
4. Team meetings should be scheduled every week and a holiday would mean that one team meeting would have to be cancelled.

Q8. Which of the following statements is correct:

1. Project lifecycles and product lifecycles are interdependent.
2. Project lifecycles are independent of product lifecycles.
3. A product lifecycle is the same as a project lifecycle.
4. The last lifecycle for a project is generally the product's retirement.

Q9. During risk planning, a team member comes to you and informs you about a risk. This risk was not important; therefore, you tell him to just note down the risk and you will manage this risk if it occurs. What risk response strategy you are using here?

1. Mitigate
2. Accept
3. Avoid
4. Exploit

Q10. James has been managing a hotel construction project on a busy street. He is in the process of estimating activity durations for building walls, and he calculates the most likely estimate as 15 days. If prefabricated material is used, it would take no more than 12 days to finish the work. The work may be delayed and could take up to 18 days if less experienced construction workers build the walls. What is the expected duration of building walls using the three-point estimate?

1. 12 days
2. 11 days
3. 16 days
4. 15 days