Project Management Question Bank
for Exam preparation

Q2. During the implementation of a contingency plan, a team member notices that the plan worked only marginally. There were three similar contingency plans developed for other risks that have not yet happened. He should recommend which of the following?

1. A workaround
2. A project change request
3. A new risk rating matrix
4. A risk responsibility chart review

Q3. You have been appointed project manager of a project. The project charter is signed and you have started working on it. As the project is big and involves many stakeholders, you start identifying your project’s stakeholders. The number of identified stakeholders is huge and you are worried about how you will manage such a large number of stakeholders effectively. Fortunately, the PMBOK Guide provides you with many strategies to manage stakeholders under all circumstances. In this case, which of the following models will you not use to develop the stakeholder management strategy?

1. Salience model
2. Power / Interest grid
3. Tornado diagram
4. Influence / Impact grid

Q4. A project has three critical paths. Which of the following BEST describes how this affects the project?

1. It makes it easier to manage
2. It increases the project risk
3. It requires more people
4. It makes it more expensive 51

Q5. Once a risk response is created, which of the following statements BEST describes the project manager’s role regarding risks while the project work is being completed?

1. Take actions when identified risks occur.
2. Look for unexpected impacts of implemented risk responses.
3. Implement planned work-arounds.
4. Make sure that risk responses are assigned to identify risks.

Q6. During project executing, a large number of changes are made to the project. The project manager should:

1. Wait until all changes are known and print out a new schedule
2. Make sure the project charter is still valid
3. Change the schedule baseline
4. Talk to management before any changes are made

Q7. 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.

Q8. What term defines the work needed to deliver a product, service, or result?

1. Product scope
2. Scope creep
3. Scope verification
4. Project scope

Q9. All of the questions are common outputs of risk management EXCEPT:

1. Contract terms and conditions
2. A risk response plan
3. Schedule reserves
4. An approved project management plan.

Q10. A project manager has run into cost difficulties. The project scope must be completed, but at less cost. The project manager should:

1. Change the depreciation method for the equipment used on the project.
2. Perform a value analysis
3. Evaluate benefit cost ratios
4. Recover some sunk costs.