Project Management Question Bank
for Exam preparation

Project Management- Q2. Which of the following can prove to be effective in addressing variability risks?

1. Monte Carlo analysis
2. Root cause analysis
3. Mitigating opportunities
4. Accepting the risk

Project Management- Q3. During Control risks process, the risk response owner should be:

1. Identifying which risks he/she wants to monitor
2. Controlling the identification of response strategies
3. Informing the project manager of any midcourse correction needed
4. Updating stakeholders of new strategies for mitigating risks.

Project Management- Q4. The Stakeholder Committee has a report that shows zero schedule variance. However, the first milestone in the project was missed, which will cause a delay in the project. Which of the following was not reported correctly?

1. Resource management plan
2. Risk analysis
3. Critical path status
4. Communications plan variance

Project Management- Q5. You have a large, multi-year project. Because of the large scope and duration, you decide that you will plan near term work in detail, and for the rest, you will make a high-level plan. Once you move ahead you will plan, in detail, for that work. This is an example of:

1. Rolling wave planning
2. Ball park planning
3. Near wave planning
4. Just in Time

Project Management- Q6. Which of these is not an established Estimate Activity Durations technique?

1. Three Point Estimating
2. Parametric Estimating
3. Analogous Estimating
4. Critical Path Estimation

Project Management- Q7. There are a number of risks that have been identified in your project. The team has decided not to change the project plan to deal with the risks, but they have established a contingency reserve of money in the event something triggers these risks. This is an example of what type of risk mitigation technique?

1. Contingent Response Strategy
2. Active acceptance
3. Passive acceptance
4. Avoidance

Project Management- Q8. The cost of choosing one project and giving up another is called:

1. Fixed cost
2. Sunk cost
3. Net present value (NPV)
4. Opportunity cost 6

Project Management- Q9. John has been assigned a task to build a facility where different types of bicycles can be produced. John builds this facility and hands it over to Andrew to run it. What is Andrew’s role?

1. Project manager
2. Program manager
3. Operation manager
4. Portfolio manager

Project Management- Q10. You have just joined a new organization as a project manager. You have heard a number of rumors about the procurement manager having possible underhanded dealings with suppliers. However, you have no proof these rumors are true. Your project requires a large number of dump trucks. Company policy mandates that all purchases go through the procurement department rather than the department employees. The value of the dump truck purchase is US$395,000, and the contract went to a supplier your company regularly uses. Shortly after taking delivery of the dump trucks, you learn the procurement manager is driving a new car. What should you do?

1. Ask the procurement manager about the purchase of her new car
2. Report this to the appropriate management
3. Talk to the supplier to find out if there was a bribe involved in the project
4. Do nothing