Project Management Question Bank
for Exam preparation

Q2. A project manager is unsure of how much cost reserve to add to the project. There is a 50 percent chance of a weather delay causing an impact of US $100,000 and a 30 percent chance of a delay in the testing center with a US $20,000 impact. How much should the cost reserve be?

1. Less than $50,000
2. More than $120,000
3. Less than $20,000
4. More than $56,000

Q3. A team member notifies the project manager after the fact that certain project deliverables have been attained without performing all the associated work packages in the WBS. What should the project manager do FIRST?

1. Immediately communicate the changes to all team members and stakeholders and have team members’ performance reviewed.
2. Review work packages and deliverables to determine impact, if any. Recommend changes to the project to the project management plan.
3. Change the project performance measurement baselines and the WBS.
4. Change the reporting process to get information sooner, then review the communications management plan to see if it is still appropriate to the needs of the project.

Q4. You have a project with four activities as follows. Activity 1 can start immediately and has an estimated duration of 1. Activity 2 can start after activity 1 is completed and has an estimated duration of four. Activity 3 can start after activity 2 is completed and has an estimated duration of five. Activity 4 has an estimated duration of 8. It can start after activity 1 is completed. Both activity 3 and 4 must be completed before the project is complete. What is the critical path of the project?

1. Start, 1, 2, 3, End
2. Start 1, 4, 3, End
3. Start 1, 4, End
4. Start 1, 2, 3, 4, End Activity Baseline Crash Time Cost Time Cost A 10 $4,000 8 $6,000 B 2 $6,000 2 $6,000 C 14 $22,000 12 $26,000 D 6 $9,000 5 $10,000 E 9 $14,000 7 $19,000 F 8 $18,000 4 $36,000 76

Q5. In a project that was yet to begin, many of the project team members were known in advance. This is:

1. Proactive planning
2. Skill matching
3. Pre-assignment
4. Staffing assignment

Q6. A project manager must publish a project schedule. Activities, start/end times, and resource are identified. What should the project manager do NEXT?

1. Distribute the project schedule according to the communications management plan.
2. Confirm the availability of the resources.
3. Refine the project management plan to reflect more accurate costing information.
4. Publish a bar chart illustrating the timeline.

Q7. 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.

Q8. An experienced project manager has just begun working for a large information technology integrator. Her manager provided her with a draft project charter and immediately asks her to provide an analysis of the risks on the project. Which of the following would be the BEST help in this effort?

1. An article from PM Network Magazine.
2. Her project scope statement from the project planning process.
3. Her resource plan from the project planning process.
4. A conversation with a team member from a similar project that failed in the past.

Q9. Which of the following approaches can assist in managing ambiguity risks?

1. Monte Carlo analysis
2. Root cause analysis
3. Seeking expert external input
4. Conducting sprint retrospectives

Q10. A storm has damaged the manufacturing facility that is under construction as part of your project. You have just discovered that although the project risk management plan mandated that the facility have insurance against damage and loss, this policy was never acquired, and the project budget must cover the losses. Who is at fault?

1. The risk manager
2. The project manager
3. The facilities manager
4. The construction crew