Project Management Question Bank
for Exam preparation

Q2. According to the project manager’s earned value (EV) analysis of a software development project on June first, the cost performance index (CPI) computes to 1.0 and the schedule variance (SV) is zero. On June third, the banks of the nearby river overflow and flood the development computer room, shutting down all operations for two weeks. This project has been struck by a (n):

1. Unknown unknown risk.
2. Known unknown risk.
3. Known risk.
4. Foreseen risk.

Q3. With a growing awareness of so-called unknowable-unknowns, the existence of emergent risk is becoming clear. These are risks that can only be recognized after they have occurred. Emergent risks can be tackled through developing:

1. Project resilience
2. Project charter
3. Project management plan
4. Project risk management plan

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. A heuristic is BEST described as a:

1. Control tool.
2. Scheduling method
3. Planning tool
4. Rule of thumb

Q6. A project has seven activities: A, B, C, D, E, F, and G. Activities A, B, and D can start anytime. Activity A takes 3 weeks, activity B takes 5 weeks, and Activity D takes 11 weeks. Activities A and B must be completed before Activity C can start. Activity C requires 6 weeks to complete. Activities B, C, and D must be completed before Activity E can start. Activity E requires 2 weeks. Activity F takes 4 weeks and can start as soon as activity C is completed. Activity E must be completed before activity G starts. Activity G requires 3 weeks. Activities F and G must be completed for the project to be completed. What is the critical path?

1. Start A, C, F, End
2. Start B, C, E, G, End
3. Start D, E, G, End
4. Both Start –B—C—E—G—End and Start –D—E—G—End

Q7. To accommodate a new project in your department, you need to move resources from one project to another. Because your department is currently working at capacity, moving resources will inevitably delay the project from which you move the resources. It would cause the LEAST negative impact if you move resources from which of the following projects?

1. Project A with a benefit cost ratio of 0.8, no project charter, and four resources
2. Project B with a net present value of $60,000, 12 resources, and variable costs between US $1,000 and $2,000 per month
3. Project C with an opportunity cost of US $300,000, no project control plan, and an internal rate of return of 12 percent
4. Project D with indirect costs of US $20,000 and 13 resources

Q8. Communications management plans should include all of the following except:

1. Stakeholder communication requirements
2. Reasons for information distribution
3. Escalation process
4. Risk Register

Q9. During the implementation of a contingency plan, a team member notices that the plan worked only marginally. There were three similar contingency plans developed for other risks that have not yet happened. He should recommend which of the following?

1. A workaround
2. A project change request
3. A new risk rating matrix
4. A risk responsibility chart review

Q10. Benefit measurement and constrained optimization are examples of:

1. Benefit cost ratios
2. Variable costs
3. Types of depreciation
4. Project selection methods