Project Management Question Bank
for Exam preparation

Q2. The project charter is the document that authorizes the existence of the project and contains a great deal of important information. Which of the following options shows the correct content of a project charter?

1. Project purpose, high level requirements, assumptions and constraints, summary budget
2. High-level risk, summary milestone, project management plan, summary budget
3. Project objective, stakeholder list, WBS, project approval authority
4. Name of the sponsor, name of the project manager, schedule baseline, summary budget

Q3. An estimating technique that uses a statistical relationship between historical data and other variables (such as square footage in construction or lines of code in software development) is known as:

1. Parametric Estimating
2. Analogous Estimating
3. Bottom-up Estimating
4. Historical Analysis

Q4. A project involved development of a high-speed, hard disk drive. As part of its testing, the hard disk was subjected to continuous operation at a high speed and an elevated temperature. At the end of the test, the hard disk was destroyed beyond use. The cost of such testing is usually classified as:

1. Appraisal costs
2. Internal failure costs
3. Cost of nonconformance
4. Prevention costs

Q5. What is the primary risk when including reserves, or contingency allowances, in your cost estimate?

1. Cancelling your project
2. Understating the cost estimate
3. Overstating the cost estimate
4. Tracking the funds

Q6. While developing the project schedule, you find that the completion of a successor activity depends on the completion of its predecessor activity. What is this dependency called?

1. Start-to-Finish
2. Start-to-Start
3. Finish-to-Start
4. Finish-to-Finish

Q7. You just found out that a major subcontractor for your project consistently delivers items late. You decide to postpone dealing with the issue until you have more time. What conflict resolution method are you using?

1. Ignoring
2. Compromise
3. Smoothing
4. Withdrawal.

Q8. The Create WBS process identifies the deliverables at the __________ level in the Work Breakdown Structure (WBS).

1. Lowest
2. Any
3. Tenth
4. Highest

Q9. Residual risks are risks that remain after risk response planning. Secondary risks are:

1. Planning risks that are no longer a factor during project executing
2. Discovered during risk identification
3. New risks created by the risk response strategies selected.
4. Lower priority risks not requiring mitigation efforts.

Q10. Which of the following BEST describes the phrase, “influencing the factors that affect change”?

1. Telling people that changes are not allowed
2. Determining the sources of changes and fixing the root causes
3. Adding more activities to the work breakdown structure to accommodate risks
4. Calculating the impact of changes to date on the project