Project Management Question Bank
for Exam preparation

Q2. A number of deliverables were submitted to the buyer as part of a project. Where would the project manager find documentation on the requirements for formal deliverable acceptance and on how nonconforming deliverables can be addressed?

1. In the SOW
2. In the lessons-learned document
3. In the deliverable release note
4. In the agreement

Q3. Which of the following two project documents are sometimes perceived as containing a certain degree of redundancy?

1. Project scope statement and scope management plan
2. Project charter and project scope statement
3. Risk management plan and scope management plan
4. Scope statement and quality management plan

Q4. During its first winter, a multi-year construction project experienced weather-related schedule delay that all the local parties involved described as typical for the area. What should the project manager do to integrate this information into the project schedule?

1. Lengthen the estimated activity duration for all activities to occur the following winter
2. Re-evaluate the schedule to determine the potential impact
3. Leave the current project schedule unchanged and work the issues as they arise next year
4. Make changes to the project management plan in order to maintain the current project schedule

Q5. Which of these is not an input to the Control Procurements process?

1. Agreements
2. Change requests
3. Work performance data
4. Project management plan

Q6. Identification of new risks, reassessment of old risks, and closing of outdated risks are part of the Monitor Risks process. How often should project risk reassessment be scheduled?

1. It depends on how the project progresses relative to its objectives.
2. Reassessment is necessary at the 50 percent and 75 percent stages of project completion.
3. Reassessment is necessary at the 25 percent, 50 percent, and 75 percent stages of project completion.
4. Reassessment is necessary at the 20 percent, 40 percent, 60 percent and 80 percent stages of project completion.

Q7. An automotive designer uses a certain technique to determine which combination of suspension and tires will produce the most desirable ride characteristics at a reasonable cost. To do this, the designer employs a statistical framework and systematically changes all the important parameters instead of changing the factors one at a time. This method is known as:

1. Design of Experiments
2. Nominal Group Technique
3. Statistical Sampling
4. Force Field Analysis

Q8. Your company has just won a major new project. It will begin in three months and is valued at US $2,000,000. You are the project manager for an existing project. What is the FIRST thing you should do once you hear of the new project?

1. Ask management how the new project will use resources.
2. Resource level your project.
3. Crash your project.
4. Ask management how the new project will affect your project.

Q9. The banks in the Ukraine have raised the annual interest rates sharply to 30 percent. You have the option to invest your money either in Ukrainian banks or to build a small factory for a client. The total cost of building the factory will be $12 million but it will spread evenly over one year ($1 million payable by the end of each month for the next 12 months). The client will make a payment of $3.9 million at the end of each quarter from the start of the project. Which of the following is the best option (if you are only considering the return on investment)?

1. Build the factory for the client
2. Invest the money in the bank for a year
3. Both options offer the same payoff
4. Information given is insufficient to determine the best option

Q10. A manager notices that a project manager is holding a meeting with some of the team and some stakeholders to discuss the quality of the project. The project schedule has been compressed, and the CPI is 1.1. They have worked hard on the project, the team has been rewarded according to the reward system the project manager put in place, and there is a strong sense of team. The manager suggests that the project manager does not have enough time to hold meetings about quality when the schedule is so compressed. Which of the following BEST describes why the manager is wrong?

1. Improved quality leads to increased productivity, increased cost effectiveness, and decreased cost risk
2. Improved quality leads to increased productivity, decreased cost effectiveness, and increased cost risk.
3. Improved quality leads to increased productivity, increased cost effectiveness, and increased cost risk
4. Improved quality leads to increased productivity, decreased cost effectiveness and decreased cost risk.