Project Management Question Bank
for Exam preparation

Q2. A project manager discovers hat a work package has been completed for substantially less cost than planned. Which of the following is NOT among the first things to consider doing?

1. Make sure all project processes were followed.
2. Make sure the right resources were used
3. Make sure all the work was done
4. Identify ways to increase the result.

Q3. Which of the following is not a true statement about control charts?

1. Control charts can be used to establish, as well as maintain process control.
2. Control charts are used to determine acceptance limits when no limits when no limits are stipulated by th eproduct specification; otherwise, one should use the limits dictated by the specification.
3. All data points outside the control chart limits are variations explained by assignable causes.
4. B and C.

Q4. A project’s financial management reserves are determined in which process:

1. Estimate Costs
2. Determine Budget
3. Control Costs
4. Estimate Activity Resources

Q5. You are a project manager working on a project that requires 100 items to be tested, spaced evenly over five weeks. You have just begun week three, with an overall budget of US $10,000. To date, you have spent US $2,000 with 40 items tested successfully. What does the cost variance (CV) tell you in this circumstance?

1. The project is proceeding at 100 percent of the expected rate.
2. The project is $2,000 under budget
3. The project is on budget
4. The project is getting $2 of work for every dollar spent.

Q6. Gordon is currently developing his project’s stakeholder management strategy. All enterprise environmental factors should be considered during this process. Which of the following enterprise environmental factors should be paid special attention during this process?

1. Project templates
2. The organization's culture and structure
3. Commercial databases
4. Lessons learned from past similar projects

Q7. Impact assessment is part of which risk management process?

1. Identify Risks
2. Perform Qualitative Risk Analysis
3. Plan Risk Responses
4. Control Risks.

Q8. A project manager analyzed the project’s communication requirements and decided that 10 out of the 30 stakeholders in the project would only need voicemail updates of certain information. This type of communication is:

1. Push communication
2. Pull communication
3. Interactive communication
4. On-demand communication

Q9. A project is contracted on a Cost-Plus-Incentive-Fee (CPIF) basis. The contract states that if the final costs are less than expected costs, the sharing formula for cost savings is 80:20. The targeted cost is US$500,000 with a 10 percent fee. If the project comes in at US$450,000, what would be the total cost of the contract?

1. US$495,000
2. US$510,000
3. US$505,000
4. US$550,000

Q10. As a result of your analysis of the risks on the project, you have decided to remove a team member from the project team in order to decrease the overall project risk. What is this an example of?

1. Transference
2. Resource analysis
3. Avoidance
4. Acceptance