Project Management Question Bank
for Exam preparation

Q2. You have just been assigned as the project manager for a new telecommunications project that is entering the second phase of the project. There appear to be many risks on this project, but no one has evaluated them to assess the range of possible project outcomes. What needs to be done?

1. Plan Risk Management
2. Perform Quantitative Risk Analysis
3. Plan Risk Responses
4. Control Risks.

Q3. During the identification of risks on your project, you have determined that there is a very high probability of conflict among the team during project executing over one aspect of the final design of the project. Which of the following is an example of mitigating the impact of the risk to the project?

1. Obtain an insurance policy for the anticipated cost of the impact.
2. Outsource that part of the project to another company
3. Provide the team with training on conflict resolution techniques
4. Eliminate that part of the project.

Q4. The outputs of the Plan Risk Responses process include a risk response plan, risk response owners assigned, and:

1. Residual risks
2. Closed risks
3. Probability and impact matrix
4. Probability of achieving cost objectives 96

Q5. The sponsor of the project you are managing asks you to compress the schedule. Which of the following is CORRECT?

1. Crashing always shortens the timeline but often increases risk.
2. Fast tracking often results in rework, and crashing often results in increased cost
3. Crashing is only a viable alternative if earned value analysis indicates that the project is ahead of schedule and under budget
4. Fast tracking will result in less parallel activities than crashing the project

Q6. During project executing, the forecasted remaining hours exceed planned remaining hours. Consequently, the project takes on a negative variance. Which analysis method is the project manager likely to use as a measurement tool to validate this information?

1. EV-PV
2. EV/AC
3. EV/PV
4. EV-AC 75

Q7. The preparation of the scope baseline can BEST be described as involving:

1. The functional managers
2. The project team
3. All the stakeholders
4. The project expediter.

Q8. During the risk analysis process, you find that a specific risk has a remote chance of happening and if it occurs, it will have very little effect on the project objective. What will you do with this risk?

1. Analyze it further
2. Assign it a risk owner
3. Keep it in watch list
4. You will ignore it

Q9. The management theory that all people can direct their own effort is:

1. Theory Y
2. Herzberg’s theory
3. Maslow’s hierarchy
4. Theory X

Q10. Upon obtaining the project charter, the Project Manager of a project starts acquiring the project team immediately. Is this correct?

1. Yes. Acquisition of the project team is primarily an Initiating Process Group activity.
2. Yes. The project manager needs to get the team together as soon as the project starts.
3. No. It is the responsibility of the project sponsor to provide the team for execution.
4. No. Acquisition of the project team is primarily an Executing Process Group activity.