Project Management Question Bank
for Exam preparation

Q2. During the planning processes, activity G was estimated to take five days. Activity G is on the critical path. On day 2, it becomes clear that activity G will take 15 days, which will impact the imposed project end date. The project team meets to perform root cause analysis to identify the cause of the variance and to plan schedule recovery with activities performed later in the schedule. Which of the following should ALWAYS be of this kind of meeting?

1. Recommend corrective action
2. WBS updates
3. Activity list updates
4. Schedule updates

Q3. What should be done with risks on the watch list?

1. Document them for historical use on other projects.
2. Document them, and then revisit them during project monitoring and controlling
3. Document them, and set them aside because they are already covered in your contingency plans
4. Document them, and given to the customer.

Q4. A parking lot fencing project was bid at US $11 per foot, and one company is doing all the work. The parking lot has four equal sides of 125 feet and requires the installation of a six-foot diameter culvert on one side. Fencing should be installed at a rate of 100 feet per day. The culvert installation will cost US $500 and take one day to complete. The culvert must be installed before work can begin on that side of the fence. After three days of work, one side is complete, another project has 75 feet installed, and the culvert is completely installed. What is the current status of the project?

1. The budget is neutral with a cost variance of $0
2. It is over budget, with a cost variance of -$1,100.
3. It is under budget, with a cost variance of +$500 due to the completion of the culvert installation
4. It is over budget with a cost variance of +$125.

Q5. Jane is currently reviewing a list of project proposals. All the proposed projects achieve some of the organizational strategic objectives and their expected costs are known. However, Jane cannot execute all the projects due to the funding limitation. How shall Jane determine which projects she needs to execute this year?

1. Select the high-budget projects and drop the low-budget projects
2. Select the low-budget projects and drop the high-budget projects
3. Select the projects that maximize organizational revenue
4. Select the projects that maximize the business value

Q6. You have completed a milestone in your software development project, and you are now verifying that the product meets the specifications outlined in the project management plan. In which process group is this process?

1. Closing
2. Monitor and Controlling
3. Executing
4. Planning

Q7. You have identified a risk that at a certain point in your project you may need extra quantities of a consumable which you thought of earlier. The chance of this event occurring is 20% and if it occurs it will cost you 150 USD. So, you develop a contingency plan for this risk and assign a risk owner. What kind of risk response strategy is this?

1. Transfer
2. Avoid
3. Mitigation
4. Accept

Q8. The performance reports produced during the Control Procurements process are then provided to which project management process for further processing?

1. Monitor & Control Project Work in the form of work performance information
2. Direct & Manage Project Work in the form of work performance data
3. Perform Integrated Change Control in the form of a change request
4. Performance report is not an output of the Control Procurement process

Q9. The project manager has had some difficulty in getting the team to complete work efforts but he feels that the changes he made to the reward system will fix the problem. The number of stakeholders on the project has grown by 20 percent and the number of activities being completed late is growing. The project manager has heard from management that the project might become a higher priority if their competition comes out with a new product that uses wireless technology. Based on this, it would be BEST for the project manager to:

1. Re-estimate the activities and prepare to create a new schedule
2. Perform configuration management
3. Recreate the project work authorization system
4. Better respond to risk event triggers 30

Q10. When entering into procurement, it is BEST to assume there will be disputes about the performance of the work as specified, and to:

1. Include a procedure in the contract describing the means for dispute resolution
2. Track claims to ensure the best position during litigation
3. Make sure disputes are never brought to public knowledge
4. Include a change order provision in the contract.