Project Management Question Bank
for Exam preparation

Q2. A project manager is starting work on a complex project. There will be people from two different countries involved. The project sponsor is from a third country, and the work is being done on an expedited schedule in your country with 14 electrical engineers, 4 architects and their staffs, 3 mechanical engineers, and 2 maintenance experts. What should the project manager do to make sure all the work in this project is identified?

1. Create a clear management plan, and put it in writing.
2. Create a WBS with input from all parties involved.
3. Identify the laws of each country involved.
4. Create a scope control system.

Q3. Robert’s project is a high-priority project for his organization. Project stakeholder engagement is crucial for the project’s success. Robert needs to discuss the project stakeholder engagement levels with his project team on a regular basis. Which of the following is the best platform where Robert can review this with his team?

1. Phase gates
2. Project status review meetings
3. Kill points
4. Information management system

Q4. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis with a fee of 10 percent of estimated costs. The estimated cost is US$50,000. If the project comes in at US$75,000 with no changes in project scope, what would be the total cost of the contract?

1. US$55,000
2. US$125,000
3. US$75,000
4. US$80,000

Q5. To reduce delivery delays and process downtime, your organization has recognized a need to replace their legacy manufacturing system with a modern software application. Your IT director anticipates a project to fulfill this business need; however, he warns that the new project’s budget cannot exceed $75,000 due to shortages in the department budget. He also indicates that no additional staff will be allocated to this project other than the existing IT staff. If you become the project manager, you would document these initial project conditions as:

1. Project assumptions
2. Business case
3. Project constraints
4. Enterprise environmental factors

Q6. In an IT project, after several brainstorming sessions with customers, Kurt established various project deliverables. Two weeks later, while reviewing the plan, Kurt identifies two similar deliverables and decides to merge them into a single deliverable. What should Kurt do next?

1. Merge the deliverables and inform the customer
2. Submit the need to merge to the customer
3. Merge the deliverables but do not inform the customer
4. Merge the deliverables but do not update the project management plan

Q7. All of the following are part of a communications management plan EXCEPT:

1. Names of the stakeholders who can talk to the project manager.
2. Names of those receiving telephone call when the system crashes
3. Methods used to collect and store information
4. Names of the stakeholders and instructions on sending project status o them

Q8. You see an opportunity if you complete the project ahead of time: you may get a new project. Therefore, you try to complete the project early, but due to lack of resources, you are only able to shorten the duration of a few activities by starting the parallel or partially-parallel. Which risk response strategy are you employing here?

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

Q9. What is present value (PV)

1. Value of assets that a company owns
2. Today’s value of future cash flows
3. Future value of money on hand today
4. Current value of today’s assets adjusted for inflation 9

Q10. A project manager gets a report from the risk response owner that a risk did not occur. The project manager should then:

1. Update the risk response plan in the risk register.
2. Update the network diagram.
3. Decrease some project reserves.
4. Change all future risk response strategies.