Project Management Question Bank
for Exam preparation

Q2. While the project is being completed, management requests a change. What is the FIRST thing the project manager should do?

1. Comply with the request if possible
2. Obtain an understanding of the scope of the change
3. Tell the customer that a change will be coming
4. Ask the team to accept the change

Q3. Velvet is working for a chemical industry, and her management proposed two different projects to manufacture benzene for commercial use. After doing financial analysis, the financial advisor provided her with the following statistics about the projects: Project 1: 60 percent probability of success with a profit of $500,000 and 20 percent probability of failure with a loss of $200,000. Project 2: 30 percent probability of success with a profit of $300,000 and 30 percent probability of failure with a loss of $400,000. Based on the information above, Velvet should choose:

1. Either project 1 or project 2
2. Neither project 1 nor project 2
3. Project 2
4. Project 1

Q4. Performance reports should address all the needs of:

1. Management.
2. Team members.
3. The project manager.
4. Stakeholders.

Q5. A software development project team has determined that the best way to mitigate the risk of not having the computational resources to complete all bug testing on schedule is to add three more servers to the test bed. However, the network may not have enough capacity to handle the extra load of those three servers and could fail. This type of risk is a _______________ risk.

1. Secondary
2. Simulation
3. Bottleneck
4. Hidden

Q6. Why must the Validate Scope process be completed in a project?

1. To obtain scope documents from recent similar projects for benchmarking
2. To determine whether the scope is at the correct complexity level
3. To obtain formal acceptance of deliverables by the customer or sponsor
4. To ensure the project team is all aware of the scope

Q7. Rob has been assigned to manage a complex project. Rob has recently acquired his PMP certification and is excited about applying his newly acquired knowledge to his project. During the project initiation, he produced the stakeholder register and impressed his project sponsor. Rob is now about to develop the stakeholder engagement plan for his project. This has made the project sponsor a bit uncomfortable because he thinks Rob is spending too much time doing paperwork instead of actually executing the project work. The project sponsor has asked Rob to explain the difference between the stakeholder register and the stakeholder engagement plan. How should Rob respond?

1. The stakeholder register only contains basic stakeholder assessment information, while the stakeholder engagement plan includes detailed stakeholder engagement strategy that ensures project success.
2. The stakeholder engagement plan is a component of the project management plan, while the stakeholder register is not.
3. The stakeholder register is produced during the project initiation, while the stakeholder engagement plan is produced during the project planning phase.
4. Developing the stakeholder engagement plan is a good project management practice.

Q8. Information in the stakeholder register should be:

1. Accessible only to the project manager.
2. Available to the project manager and PMO staff.
3. Available to all stakeholders and team members.
4. Shared with others at the discretion of the project manager.

Q9. You and your management are inspecting project deliverables with the client and are determining if this is as per the stated requirements or not. Which of the following statement is true about the above process?

1. You are in the verify scope process.
2. You are in the validate scope process.
3. You are in the executing process group.
4. You are doing the quality control process.

Q10. If planned value (PV) is US $29,000, actual cost (AC) is US $32,000, and earned value (EV) is US $30,000, what is the schedule variance (SV)?

1. 0.938
2. $1,000
3. 1.034
4. ($2,000) 19