Project Management Question Bank
for Exam preparation

Q2. The primary customer of a project has requested an application change during user testing. As project manager, how should you BEST address this issue?

1. Develop a risk mitigation plan.
2. Create a formal change request.
3. Inform the project sponsor of changes to scope, cost and schedule.
4. Ensure the scope change compies with all relevant contractual provisions.

Q3. What would be the BEST explanation for the following: Both the cost variance and schedule variance are negative, but the cost variance is lower than the schedule variance.

1. The project underspent because all work was not completed, but overspent for work that was done.
2. The project overspent due to increased costs and yet completed some activities faster.
3. The project activities took longer than expected, but costs were lower.
4. The project underspent, because costs were lower than planned and activities were easier to complete than planned.

Q4. Rearranging resources so that a constant number of resources is used each month is called:

1. Crashing
2. Floating
3. Leveling
4. Fast tracking

Q5. You are taken to lunch by one of your sellers who has become a friend. He gives you an opportunity to participate in a new venture in association with his company, unrelated to your current employment. What should you do?

1. Refuse to participate
2. Participate
3. Participate but advise your employer of the offer
4. Request your employer’s consent for your participation.

Q6. Work Performance Information is not an output of which of the following processes?

1. Validate Scope
2. Manage Communications
3. Monitor Risks
4. Control Scope

Q7. You are a project manager for a major telecommunications network upgrade with a net present value (NPV) of US $10,000,000. You are heavily dependent on a third party vendor for your project and your contract office informs you that there is a 30 percent chance that the vendor will go out of business at the end of the quarter. If that occurs, your project will incur a US $3,000,000 cost overrun due to rework. There is also a 30 percent chance that a new legislation will pass that will decrease government oversight of your team's work. If this legislation passes, you estimate that your project will save US $1,600,000 in time delays. Lastly, your technical lead indicates that there is 20 percent chance that a new software package will be available by month end that could save US $1,800,000 in testing time. If available, the software will cost US $500,000 to procure, install and train. What is the total expected monetary value of these three risk events?

1. $60,000
2. $1,640,000
3. $5,900,000
4. $160,000 88

Q8. George is managing a telecommunication network deployment project. Most of the key project stakeholders are happy with the project so far. However, George has some potential concerns that might become issues in the near future. The next project status update meeting with the key stakeholders is the next day. What should George do?

1. Wait until the concerns become issues
2. Discuss these concerns with the key stakeholders
3. Do not report the concerns in the next meeting but try to mitigate these concerns
4. Briefly discuss these concerns in the next meeting but do not make them look significant

Q9. Your project is being completed in another country. It is going reasonably well and is ahead of the cost projections when one of the local officials informs you he will make sure the project work stops unless you pay him $50. What is the BEST thing to do?

1. Make the payment
2. Offer to pay more than the requested amount to get more support from the official in the future.
3. Offer to pay a smaller amount to discourage future requests for larger amounts.
4. Do not make the payment 26

Q10. When the project manager completes the detailed project schedule, it would be MOST important to get it approved by the:

1. Project sponsor
2. Team
3. Functional managers
4. Customer 42