Project Management Question Bank
for Exam preparation

Project Management- Q2. “What information needs to be collected when” is part of which of the following?

1. Formal reporting
2. Plan communications
3. Stakeholder management
4. Earned value

Project Management- Q3. The results of another project have just been posted. Substantial rework will be required in order to meet the project requirements. Because the cost is too high, effective immediately, the project management office will be requiring all projects to do statistical sampling. What is the project management office concentrating its efforts on improving?

1. Quality management
2. Manage Quality
3. Plan Quality
4. Perform Quality Control.

Project Management- Q4. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis with a fee of 10 percent of estimated costs. The estimated cost is US$50,000. If the project comes in at US$75,000 with no changes in project scope, what would be the total cost of the contract?

1. US$55,000
2. US$125,000
3. US$75,000
4. US$80,000

Project Management- Q5. Purchasing insurance is BEST considered an example of risk:

1. Mitigation
2. Transfer
3. Acceptance
4. Avoidance.

Project Management- Q6. If the team cannot identify a suitable response to identified risk, which risk response strategy, would they apply?

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

Project Management- Q7. You are the project manager for Commodities, Inc. You are involved in a new project to create an internal website for the employees that will allow them to view events within the company. All of the following options listed are project constraints except:

1. The project must be completed by December 31 of the current year.
2. There is a budget of $75,000 for the project.
3. The navigation menu for the website must be on the top of the page.
4. Only three employees are available to work on the project.

Project Management- Q8. If a project manager wants to examine the project results over time to see if performance is improving, she would use a:

1. Trend report.
2. Forecasting report.
3. Status report.
4. Variance report.

Project Management- Q9. Resource requirements are determined:

1. Before the project schedule and after the network diagram
2. After the project schedule and project scope statement
3. After the project schedule and WBS
4. Before the project scope statement and the network diagram 43

Project Management- Q10. Formal written correspondence with the customer is required when:

1. Defects are detected.
2. The customer requests additional work not covered under contract.
3. The project has a schedule slippage that includes changes to the critical path.
4. The project has cost overruns.