Project Management Question Bank
for Exam preparation

Q2. You are managing a complex submarine causeway construction project. When you started the project, the scope of work was not clear and was based on a rather high-level estimate. Now that you are in the middle of the project, more information has become available. As a result, you now need to change some of the key subcontracts on the project. Which of the following will guide you through the change process?

1. Change control terms of the individual subcontracts
2. Project management plan’s change control procedures
3. Organizational process assets
4. Supplier’s contract administrator

Q3. The halo effect refers to the tendency to:

1. Promote from within
2. Hire the best
3. Move people into project management because they are good in their technical fields
4. Move people into project management because they have had project management training.

Q4. Which of the following helps determine the probability of completing a project on any specific day?

1. Network diagram.
2. Monte Carlo analysis.
3. Qualitative risk analysis.
4. Precision testing.

Q5. Which of the following approaches can assist in managing ambiguity risks?

1. Monte Carlo analysis
2. Root cause analysis
3. Seeking expert external input
4. Conducting sprint retrospectives

Q6. In quality terms, one of the meanings of “out of control” is:

1. Someone on the team is upset
2. A data point on a control chart falls inside the upper or lower control limit.
3. Several data points on the same side of the mean within the upper and lower control limits.
4. A data point is within 1 sigma.

Q7. In which part of the cost management process is earned value (EV) used?

1. Performance measurement analysis and variance management
2. Forecasting and project performance reviews.
3. Creating the cost baseline and the cost control system
4. Reserve analysis and cost aggregation

Q8. You have identified risks and now have asked your team members to analyze which risks have the largest potential impact on the project. Which of the following tools will help you find this impact?

1. Sensitivity analysis
2. Pareto analysis
3. Probability and impact analysis
4. Decision tree method

Q9. Who is ultimately responsible for quality management on the project?

1. The project engineer
2. The project manager
3. The quality manager
4. Team member

Q10. Lucy has recently been assigned as the project manager for a new shopping mall construction project. Since the project will span well over five years, Lucy is a bit hesitant to use the current market rates for estimating construction materials cost. The prices have been steadily increasing and the current market rates might not remain valid in the future. Which of the following techniques can Lucy apply to determine her project budget?

1. Conduct a trend analysis on the cost of materials and use that to extrapolate the cost of materials in the future.
2. Determine the cost of the project using current market rates and increase the total budget by some factor.
3. Compute the Net Present Value of the cost of materials and use that to determine the project budget.
4. Use Rolling Wave Planning to determine the budget as the project progresses.