Project Management Question Bank
for Exam preparation

Q2. You are reviewing a chart which looks like an S-Curve during the execution phase of your project. What kind of chart is this?

1. Cause and effect diagram
2. Pareto diagram
3. Cost baseline
4. Sensitivity diagram

Q3. Anne is a project manager. She has evaluated certain responses from prospective sellers and wants to select a contract model that will transfer risk to the seller. Which of the following should she select in order to achieve this?

1. Time and Material contract
2. Cost-Plus-Fixed-Fee contract
3. Cost-Plus-Incentive-Fee contract
4. Fixed-price contract

Q4. Bidder conferences can have a negative effect on the project if the project manager does NOT remember to make sure:

1. All questions are put in writing and sent to all sellers
2. All sellers get answers to their questions only
3. To hold separate meetings with each bidder to ensure you receive proprietary data.
4. There is room in the meeting for all sellers.

Q5. 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.

Q6. The objective of a transformation project is to move an organization from one state to another state. The desired result of the change driven by the project is described as the:

1. Good state
2. Future state
3. Happy state
4. Transition state

Q7. The work breakdown structure can be BEST thought of as an effective aid for _________ communications.

1. Team
2. Project manager
3. Customer
4. Stakeholder 13

Q8. Sensitivity analysis helps to determine which risks have the most potential impact on the project. A project manager prepared a display chart of sensitivity analysis for his project. The diagram contained a series of bars with the length of the bars corresponding to the risk impact on the project. The longer the bar, the greater was the risk presented. Such a chart is likely to be:

1. An assessment diagram
2. A triangular distribution
3. A tornado diagram
4. A funnel distribution

Q9. The project for the accounting department has been going well when the company says that it must reduce the cost of the project without changing the quality requirements. The project manager has looked to trim any resources, paid more attention to risk on upcoming activities, and even has reduced product scope, but the project remains over the new budget limit. Which of the following should the project manager do NEXT?

1. Get an extension of time
2. Review expensive customer requirements that add the least benefit
3. Suggest the project be terminated
4. Cut 10 percent off the cost estimate of each remaining activity.

Q10. You are working for an international construction company. Your project involves pulling together over 13 different subprojects. You are having difficulty in ensuring three subcontractors are doing their work correctly. As you review the project results you notice you have spent US $1,200,000 at the last reporting point. You know the schedule is not too bad, since your schedule performance index (SPI) is 1.1. Considering you feel you should have spent US $1,300,000 to this point, what is the cost performance index (CPI), and the schedule and cost variances?

1. 1.19, $130,000, and $$230,000
2. 1.1, ($230,000), and $130,000
3. 1.19, $230,000, and ($230,000)
4. 1.46, $130,000, and ($130,000)