Project Management Question Bank
for Exam preparation

Q2. A buyer and seller set the rates for junior engineers, senior engineers, architects, and other predefined roles. In what type of contract would this be applicable?

1. Fixed-price with economic price adjustment contract
2. Fixed-price incentive contract
3. Fixed-price contract
4. Time and material contract

Q3. Which of the following is not a part of the data gathering tools used in Control Quality process?

1. Checklists
2. Control Chart
3. Check sheets
4. Statistical sampling

Q4. Kate has been asked to conduct the feasibility of a new CRM system. So far, the business has been relying on its traditional manual customer relationship management processes, but now it is struggling to keep up with the competition. In this scenario, the business’ requirement of acquiring a state-of-the-art CRM system to boost its customer relations management capabilities is an example of:

1. Business requirements
2. Functional requirements
3. Non-functional requirements
4. Project requirements

Q5. Your boss has asked you for a cost baseline for the project, but it is early in the project management process and there is very little project information. In this circumstance, what is the BEST way to estimate this project?

1. Extrapolate from historical data
2. Ask the team for estimates of each activity
3. Provide a rough order of magnitude estimate
4. Calculate an estimate using the schedule model

Q6. A project has a team member assigned to the project full time. What is the MOST likely effect on the project if that resource completes her activity sooner than planned?

1. Lower quality deliverables
2. Wasted cost
3. A subsequent activity will be delayed
4. Changes to the risk resource plan

Q7. Which of these is a valid negative risk response?

1. Exploit
2. Mitigate
3. Enhance
4. Share

Q8. Which of the following statements is incorrect?

1. Developing a project team is the responsibility of the project manager.
2. A project manager must not acquire resources needed to develop effective project teams.
3. High team performance can be achieved using open and effective communications.
4. Teamwork is a critical success factor for a project.

Q9. The work breakdown structure provides you with a structured vision of what has to be delivered, and the WBS dictionary provides you with detailed deliverables, activities, and scheduling information about each component in the WBS. Which of the following information cannot be found in the WBS dictionary?

1. Work description
2. List of assumptions
3. Resource requirement
4. Critical risks

Q10. A project involves arranging for the closing of the company office where the team works and relocating everyone to a new city. The BEST thing the project manager can do is:

1. Spend time carefully creating the work breakdown structure.
2. Have a strong quality control plan.
3. Decrease the fringe benefits
4. Carefully consider the reward system for the project.