Project Management Question Bank
for Exam preparation

Q2. You have been given a project to construct a small dam. Currently, you are visiting your project stakeholders and asking about their needs and expectations. You also have had many workshops and brainstorming sessions with them. Which process is this?

1. Identify stakeholders
2. Collect requirements
3. Define scope
4. Control scope

Q3. Crashing helps you bring the project back on schedule if it is late. Which of the following statements is true about crashing?

1. Crashing should be done on the critical path
2. Crashing does not increase the cost
3. In crashing, you don’t start activities in parallel
4. All of the above

Q4. Change requests are an output of which processes?

1. Manage Project Team and Report Performance
2. Manage Stakeholder Expectation and Determine Budget
3. Define Scope and Plan Communications
4. Plan Procurements and Perform Qualitative Risk Analysis.

Q5. During project planning, you estimate the time needed for each activity and then add up the estimates to create the project estimate. You commit to completing the project by this date. What is wrong with this scenario?

1. The team did not create the estimate, and estimating takes too long using that method.
2. The team did not create the estimate, and a network diagram was not used.
3. The estimate is too long and should be created by management.
4. The project estimate should be the same as the customer’s required completion date.

Q6. After conducting a bidder conference, you receive an email from one of the bidders requesting additional information. The information was neither included in your request for proposal, nor did anyone ask for it during the bidder conference. You realize the answer to this question is critical to understanding the scope of the project. If the answer is not communicated to bidders, they cannot size their teams accurately or estimate the total duration of the project. The answer also greatly affects cost. However, the answer contains some proprietary information that, if disclosed to a competitor, may reveal the future product strategy of your company. Such a disclosure could be disastrous for a major product launch you are planning next year. You decide to send the answer to all the bidders, but you realize one of the bidders is also working closely with one of your competitors on a similar project. What should you do?

1. Don’t send this information in writing; instead, telephone each bidding company.
2. Send this information to all bidders except the bidder working with your competitor.
3. Send this information to only the supplier who requested it.
4. Require all bidders to sign a nondisclosure agreement. You may then send the information to each company that signed the NDA.

Q7. You are a senior project manager working for RETAMART, a retail shopping network that sells various consumer products. As part of the expansion plan approved by the board of directors, you are assigned as a project manager for a new plant. Due to transportation problems, the project has experienced delays; the Schedule Performance Index (SPI) is at 0.6 and the Cost Performance Index (CPI) is at 0.7. However, you expect some improvements during the next few weeks, which may increase the SPI to 1.1 and the CPI to 0.9. Which of the following statements will be true if your anticipated changes materialize?

1. The project will be overspent and behind schedule.
2. The project will be on schedule and under budget.
3. The project will be overspent but ahead of schedule.
4. The project will be under budget but behind schedule.

Q8. You have signed a contract with a contractor which states that you will pay for the entire contractor’s legitimate costs, plus a fee based on the subjective evaluation of his performance; this will not be subject to an appeal. What kind of contract is this?

1. CPIF
2. CPFF
3. FPIF
4. CPAF

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. In order to keep costs low, a project management team decided to apply statistical sampling while inspecting some of the work products. They decided to select 10 out of 50 engineering drawings for inspection. During which process should the sample be collected?

1. Collect Requirements
2. Control Quality
3. Plan Quality Management
4. Manage Quality