Project Management Question Bank
for Exam preparation

Q2. During what part of the project management process is MOST of a project’s budget expended?

1. Planning
2. Executing
3. Monitoring and Controlling
4. Closing

Q3. You are a non-technical project manager. Two highly skilled and knowledgeable resources on your project are in conflict over the best technical solution to meet a project requirement. However, this is not affecting the project schedule. Who is initially responsible for the conflict resolution?

1. The project sponsor is initially responsible for the conflict resolution.
2. The project manager is initially responsible for the conflict resolution.
3. Both team members are initially responsible for the conflict resolution.
4. Either of the team members is responsible for the conflict resolution.

Q4. You are in the initiation phase of your project, and you believe the project can be completed for $100,000. However, you are an experienced project manager and know that many things can happen between the initiation phase and the closure of the project. In the project charter, you have provided an estimate of $75,000 to $175,000. This is an example of:

1. Narrow Estimate
2. Absolute Estimate
3. Rough Order of Magnitude Estimate
4. True Estimate

Q5. Business value is also defined as the aggregate of all tangible and intangible elements of the business. Which of the following is NOT an example of a tangible business element?

1. Monetary assets
2. Goodwill
3. Fixtures
4. Stockholder equity

Q6. Your project is going full steam and to prepare a monthly report you collect some data and give it to John who is your team member. You ask him to provide you with work performance information. He analyzes the information, compiles the data, and gives you the requested information which includes the status of deliverables, the number of change requests, implementation status for change requests, and forecasted estimates to complete. Among this information, which does not represent the information you requested?

1. Number of change requests
2. Status of deliverables
3. Forecasted estimates to complete
4. Implementation status for change requests

Q7. Identification of new risks, reassessment of old risks, and closing of outdated risks are part of the Monitor Risks process. How often should project risk reassessment be scheduled?

1. It depends on how the project progresses relative to its objectives.
2. Reassessment is necessary at the 50 percent and 75 percent stages of project completion.
3. Reassessment is necessary at the 25 percent, 50 percent, and 75 percent stages of project completion.
4. Reassessment is necessary at the 20 percent, 40 percent, 60 percent and 80 percent stages of project completion.

Q8. You are planning resources for your project and the team charter has been established. This charter provides a clear guideline of the acceptable behavior of team members. Which of the following is not included?

1. Communication guidelines
2. Decision making criteria
3. Conflict resolution process
4. Motivational processes

Q9. Analogous estimating:

1. Uses bottom-up estimating techniques
2. Is used most frequently during the executing processes o the project.
3. Use top-down estimating techniques
4. Uses actual detailed historical costs

Q10. A project team is creating a project management plan when management asks them to identify project risks and provide some form of qualitative output as soon as possible. What should the project team provide?

1. Prioritized list of project risks
2. Risk triggers
3. Contingency reserves
4. Probability of achieving the time and cost objectives.