Project Management Question Bank
for Exam preparation

Q2. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis. The targeted cost is US$200,000 with a fee of US$30,000. If the project comes in at US$170,000, what would be the total cost of the contract?

1. US$ 195,500
2. US$230,000
3. US$ 200,000
4. US$170,000

Q3. The project you are working on has received an invoice from a vendor for US$17,500. However, your team believes the correct total due is US$15,300. When you notify the vendor, the vendor still insists on US$17,500. What is the best course of action now?

1. Pay $15,300
2. Negotiate with the vendor
3. File a lawsuit
4. Pay $17,500

Q4. The enterprise environmental factors play an important role during the development of the project stakeholder engagement plan. The following list gives the most significant enterprise environmental factors considered during the Plan Stakeholder Engagement process except one. Which one is it?

1. Organizational culture
2. Organizational communication requirements
3. Organizational structure
4. Political climate

Q5. You are developing a quality management plan for your project. During the planning process, one of your team members tells you that, in the past, the organization has completed a similar project. You start to review the old project and find that some of its quality metrics can be used in your project as well. This technique is known as:

1. Reviewing organization process assets
2. Benchmarking
3. Process analysis
4. Prototyping

Q6. Negative risks can either be ______, transferred, or mitigated as a countermeasure.

1. enhanced
2. avoided
3. exploited
4. ignored

Q7. A team member assigned to the project needs two days of training to satisfactorily complete certain activities. No one else with the necessary skills is available to the project team. What is the BEST thing to do?

1. Add two days to the schedule and inform management of the delay
2. Ask management for additional personnel because you cannot afford the extra schedule time.
3. Offer a bonus to the team member if he/she gets the training on his/her own time.
4. Include training in the project management plan.

Q8. The project manager on a large software installation project is working with her team on a critical set of activities. They are working late on Saturday night. Circumstances create the wherein the project manager must decide to change the schedule that will push the end date of the project out two weeks. What has MOST likely happened?

1. An emergency project change has taken place.
2. Scope creep has occurred
3. A status change to the implementation has taken place.
4. Risk assessment failure has taken place

Q9. The client informs you that he noticed some parts of the work are not being completed by your team. You ensure him you will look into it and give a proper response after verifying the facts. Which document will you refer to verify it?

1. Scope statement
2. WBS dictionary
3. Schedule baseline
4. WBS

Q10. Senior management asks the project manager how the project would be affected if two resources were removed from the project. To calculate a response, the project manager should complete:

1. Resource leveling
2. What-if scenario analysis
3. Schedule compression
4. Fast tracking