Project Management Question Bank
for Exam preparation

Q2. _______________ is the authorized budget for the work scheduled to be completed on an activity or WBS component.

1. Planned Value
2. Earned Value
3. Midpoint cost
4. Interim cost

Q3. You are managing a fund-raising golf tournament that has a hole-in-one contest. However, your company cannot afford to pay the $1,000,000 award if someone does get a hole in one, so it has elected to take out an insurance policy in the event someone does get lucky. This is an example of:

1. Sharing
2. Mitigation
3. Transference
4. Avoidance

Q4. Different types of contracts are appropriate for different types of purchases. Which of these is not one of the three broad categories of contracts?

1. Cost-reimbursable
2. Time and Material
3. Fixed-price or lump sum
4. Fixed assessment

Q5. Which of the following BEST describes when the baseline can be changed?

1. Only under emergency conditions
2. The original baseline is always maintained throughout the project
3. With any approved changes
4. When the project sponsor determines it is appropriate

Q6. While working on a project in another country, you are asked to make a “facilitating” payment so the country officials will issue a work order. What should you do?

1. Make the payment
2. Ask the person for proof the payment is required.
3. Seek legal advice on whether such a payment is a bribe
4. Do not pay and see what happens.

Q7. During every project team meeting, the project manager asks each team member to describe the work he or she is doing, and the project manager assigns new activities to team members. The length of these meetings has increased because there are many different activities to assign. This could be happening for all of the following reasons EXCEPT:

1. Lack of a WBS
2. Lack of a responsibility assignment matrix.
3. Lack of resource leveling
4. Lack of team involvement in project planning.

Q8. The project manager has just received a change from the customer that does not affect the project schedule and is easy to complete. What should the project manager do FIRST?

1. Make the change happen as soon as possible.
2. Contact the project sponsor for permission.
3. Go to the change control board.
4. Evaluate the impacts on other project constraints.

Q9. Which of the following tools give a visual representation of an organization’s data, described in business language that is independent of any specific technology?

1. Matrix diagrams
2. Mind maps
3. Flowcharts
4. Logical data model

Q10. You are in charge of a project developing a complex product that does not resemble anything your organization has done previously. You are using a resource to develop this product, which is in high demand elsewhere in your organization. The project’s timeframe is very aggressive. In order to meet the schedule, only a limited amount of testing is done. Once the testing is completed, the resource is released. The product works fine when being tested, but in production, it performs poorly. This results in a substantial amount of rework and extra costs to reacquire the resource on an overtime basis. Which of the following BEST describes why this project had problems?

1. Poor quality management
2. Poor reporting
3. Poor risk identification
4. Poor resource management