Project Management Question Bank
for Exam preparation

Q2. The agile technique of on-demand scheduling is not suitable when:

1. Product deliverables can be incrementally developed.
2. Project requirements can be decomposed into smaller chunks that are relatively similar in size and scope.
3. Project tasks can be bundled by size and scope.
4. The use of a predictive lifecycle is mandated by the customer.

Q3. Which of the following is the highest point of Maslow’s hierarchy?

1. Self-fulfillment
2. Respect
3. Affection
4. Stability

Q4. You have advertised in several newspapers to inform interested contractors to apply for a bid for some of your procurement needs. Which process are you currently in?

1. Plan procurement management
2. Conduct procurement
3. Control procurement
4. None of the above

Q5. Which of the following is not an organizational process asset used during the Plan Resource Management process?

1. Template for resource management plan
2. Resource management policies and procedures
3. Historical information about previous projects
4. Standardized stakeholder list

Q6. While preparing your risk responses, you realize that you have not planned for unknown risk events. You need to make adjustments to the project to compensate for unknown risk events. These adjustments are based on your past project experience when unknown risk events occurred and knocked the project off track. What should you do?

1. Include a management reserve in the budget to try to compensate for the unknown risks, and notify management to expect unknown risks to occur.
2. Document the unknown risk items and calculate the expected monetary value based on probability and impact that may result from the occurrence.
3. Determine the unknown risk events and the associated cost; then, add the cost to the project budget as reserves.
4. With the stakeholders, determine a budget of the known risk budget to allocate to a management reserve budget.

Q7. Management is sending a team of experts for a risk audit. You inform management that you have already completed the risk review process and did not find any shortcomings, so there is no need for a risk audit. However, management is firm on their decision. Which of the following is true about the risk audit and risk review?

1. A risk audit is performed to see the effectiveness of a risk response plan
2. A risk audit is performed to see if you are following the correct procedures
3. A risk review is performed to see if you are following the correct procedures
4. Both are the same but an audit is done by external experts and a review is done internally

Q8. During project executing, an accepted risk occurs, and is handled. However, the project manager notes that the impact was greater than was anticipated. The BEST thing to do would be to:

1. Notify the sponsor
2. Create a workaround
3. Perform additional risk response planning
4. Revisit the Quantitative Risk Analysis process.

Q9. You are two days late on reporting the status for a project you are managing. The status report indicates that the project is lagging behind schedule. During the current week, you are confident of making up some of the lost time. How should you report project status?

1. Since the status report is already due, do nothing. Send out the status report next week when the project is back on track.
2. Since the status report is already two days overdue, you may communicate to stakeholders that you will send a consolidated status report next week. In this manner, you can avoid being untruthful or falsifying reports.
3. Send out a status report to all stakeholders indicating that the project is on track. Once this week goes by, things will be fine, and the status reports will be back to normal.
4. You should report project status exactly as it is. You may also mention that you expect to make up some of the lost ground but will truthfully represent current status.

Q10. Your boss is worried about the project schedule. There is a critical deliverable due to the federal government in two weeks. If you miss the deliverable, you could lose the entire contract. To help reduce the boss’s stress you show him the earned value calculations you just completed. They show your cost performance index (CPI) is 1) is US $490 million. Should your boss be comfortable?

1. Yes, your SV is $10 million.
2. No, your CPI is too high
3. He needs more data
4. Yes, your SPI is 1.05.