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Project Management Question Bank
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Question:

Contingency Reserves are estimated costs to be used at the discretion of the project manager to deal with:
  1. Scope creep
  2. Anticipated but not certain events
  3. Unanticipated events
  4. Anticipated and certain events






Q2. Unless an enterprise-wide ERP is deployed in an organization, disparate IT systems perform specialized tasks in a project. Which of the following systems typically processes supplier’s payments after obtaining all the necessary certification of satisfactory work?

  1. Project management information system
  2. Accounts payable system
  3. Change control and tracking system
  4. Supply chain management system
Correct Answer

Q3. The Plan-Do-Check-Act (PDCA) cycle as the basis for quality improvement is usually attributed to:

  1. Deming
  2. Crosby
  3. Juran
  4. Pareto
Correct Answer

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
Correct Answer

Q5. You publish some informative notes on the company’s web portal and ask stakeholders to review it. What kind of communication method is this?

  1. Pull
  2. Push
  3. Interactive
  4. None of the above
Correct Answer

Q6. You are sitting in a group discussion with 13 stakeholders and collecting ideas. Now you are in the final stage and are selecting the final idea. As there are many ideas, you decide to vote. After voting you see that a particular idea receives 7 votes, so you go with that option. What kind of decision making is this?

  1. Unanimity
  2. Majority
  3. Plurality
  4. Dictatorship
Correct Answer

Q7. A project manger is leading an effort to analyze waste and non-valueadded activity on the project. One team member reports that two processes in use requiring work he believes is unnecessary. Another team member reports that a process is not well understood. The project manager must be leading with of the following?

  1. A process rather than a project
  2. The Plan Quality process
  3. Management by objectives
  4. The Manage Quality process
Correct Answer

Q8. Which of the following is neither an input nor an output of the Direct and Manage Project Work process?

  1. Approved change requests
  2. Change requests
  3. Approved deliverables
  4. Deliverables
Correct Answer

Q9. The project is mostly complete. The project has a schedule variance of 300 and a cost variance of -900. All but one of the quality control inspections have been completed and all have met the quality requirements. All items in the issue log have been resolved. Many of the resources have been released. The sponsor is about to call a meeting to obtain product verification when the customer notifies the project manager that they want to make a major change to the scope. The project manager should:

  1. Meet with the project team to determine if this change can be made.
  2. Ask the customer for a description of the change
  3. Explain that the change cannot be made at this point in the process
  4. Inform management
Correct Answer

Q10. “What information needs to be collected when” is part of which of the following?

  1. Formal reporting
  2. Plan communications
  3. Stakeholder management
  4. Earned value
Correct Answer










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