Project Management Question Bank
for Exam preparation

Q2. The project CPI is 1.02, the benefit cost ratio is 1.7 and the latest round of performance reviews identified few needed adjustments. The project team was co-located into a new building when the project started. Everyone commented on how excited they were to have all new facilities. The sponsor is providing adequate support for the project and few unidentified risks have occurred In an attempt to improve performance, the project manager spends part of the project budget on new chairs for the team members and adds the term “senior” to each team member’s job title. Which of the following is the MOST correct thing that can be said of this project or the project manager?

1. The project manager has misunderstood Herzberg’s theory
2. The project is slowly spending more money than it should. The project manager should begin to watch cost more carefully
3. The performance review should be handled better to find more adjustments
4. The project manager should use good judgment to determine which variances are important.

Q3. Based on the chart, how is the project doing?

1. You are in the trouble because there are three activities with no float
2. You have a lot of flexibility because you have activities with float
3. You do not have enough information to make a decision
4. Everything is fine because you have an even number of activities with and without float.

Q4. You have assumed responsibility for a complex, business-critical project involving new technology and approaches. All of the project’s stakeholders have emphasized to you that this is a high-risk effort, and that you are responsible for effectively identifying and addressing the project’s risks. There are a number of risk management tools and approaches you have been encouraged to use, but there is no agreement from the stakeholders as to which is the superior approach. The organization sponsoring the project has recommended risk management methodologies and templates, but does not consistently or effectively use them. In addressing risk management planning for this project, what is the MOST important consideration you should keep in mind?

1. Ensure risks have been identified and mitigation strategies have been developed for the most important ones.
2. Complete at least a moderately thorough examination of available risk management tools and methodologies to select the best ones for the project.
3. Create a high quality risk management plan and risk response plan.
4. Tailor the level, type and visibility of risk management to match the risks associated with the project and the project’s importance.

Q5. If you are writing a proposal for additional funding, which communication style should you choose?

1. Formal and horizontal
2. Formal and upward
3. Informal and downward
4. Informal and horizontal

Q6. As project progress is tracked according to the project management plan, the project manager discovers that final deliverables will be completed two months after the deliverable dates imposed by management. What should the project manager do?

1. Look for options with stakeholders using some combination of scaling back work, re-evaluating discretionary dependencies, and adding resources
2. Evaluate the impact on the company of completing this project late.
3. Drive the project team to work faster to make up for lost time
4. Recalculate the project schedule and distribute it according to the communications management plan

Q7. Which of the following and is the BEST method of completing “what if” scenarios to determine what combination of resources and interdependence will produce the best schedule?

1. Critical chain method
2. Monte Carlo
3. Parametric estimating
4. Resource leveling

Q8. If a project manager is using observation and conversation to help control the project, she must be involved in which process?

1. Develop Project team
2. Distribute information
3. Manage Stakeholder Expectations
4. Manage Project team.

Q9. After identifying a risk to your project, you determine that there is a high probability of risk occurring with a low consequence. What mitigation strategy is BEST to adopt?

1. Eliminate the consequence of the risk.
2. Avoid the risk
3. Add the risk to the watch list
4. Insure against the risk.

Q10. Lag means:

1. The amount of time an activity can be delayed without delaying the project finish date
2. The amount of time an activity can be delayed without delaying the early start date of its successor.
3. Waiting time
4. The product of a forward and backward pass