Project Management Question Bank
for Exam preparation

Q2. All of the following are parts of the team’s stakeholder management effort EXCEPT:

1. Determining stakeholders’ needs.
2. Identifying stakeholders.
3. Giving stakeholders extras.
4. Managing stakeholders’ expectations.

Q3. You are trying to decide whether to lease or buy an item for your project. The daily lease cost is US $150. The investment cost to purchase the item is US $2,000, and the daily cost is US $50. In how many days will the lease cost be the same as the purchase cost?

1. 10
2. 15
3. 20
4. 25

Q4. You have been assigned as a project manager for a project which was terminated a few years earlier due to some government regulations. Now you reviewing this document to start again. This document is an example of:

1. Enterprise environment factor
2. Organizational process assets
3. Stakeholder analysis
4. Control scope

Q5. You have a team of engineers working on your project. Two of the engineers have frequent disagreements. You ask them to resolve their differences through a discussion. However, that does not yield any results. Subsequently, you intervene, and based on your analysis of the situation, you suggest some changes in the way they work with each other. This still does not yield results, and you find that the project schedule is beginning to suffer. What is your next course of action?

1. Take disciplinary action, if required, since the needs of the project are not being met.
2. Don't do anything. Differences of opinion among the team members are a healthy situation.
3. Speak to the two team members and ask them to resolve their conflict amicably.
4. Ensure that they work in different shifts so that they don't clash with each other.

Q6. The formula for Cost Variance is:

1. CV=EV-AC
2. CV=AC-EV
3. CV=BAC-(AC-EV)
4. CV=SV-BC

Q7. Which of the following graphical techniques visually depict the product scope by showing a business system and how other systems interact with it?

1. Ishikawa diagram
2. Histogram
3. Influence diagram
4. Context diagram

Q8. Different types of contracts are appropriate for different types of purchases. Which of these is not one of the three broad categories of contracts?

1. Cost-reimbursable
2. Time and Material
3. Fixed-price or lump sum
4. Fixed assessment

Q9. The transition from one phase to another within a project's lifecycle (e.g., from design to manufacturing) is typically marked by:

1. Kill point
2. Monte Carlo
3. Constraint
4. Decision tree

Q10. Mark is managing a telecom network deployment project. The buyer of the telecom network is an external entity. Recently, the customer requested that all future project updates be posted to their information system automatically. In order to implement this, the project team needs to customize their project management information system so it can be integrated with the customer’s information system. This is a new customer requirement that was not a part of the original project’s scope. What should the project manager do?

1. Request that the customer terminate the current contract and award a new contract.
2. Ask the project team to customize the project management information system.
3. Ignore the request; this is outside the project’s scope.
4. Initiate the formal change control process.