Project Management Question Bank
for Exam preparation

Q2. You are managing an oil-drilling project. With oil at $143 per barrel, this could be a highly lucrative project. However, there is a chance that the price of oil will drop below $105 per barrel, which would eliminate the profit in the project. This is an example of:

1. Requirement
2. Assumption
3. Risk
4. Constraint

Q3. The WBS, estimates for each work packages, and the network diagram are completed. Which of the following would be the NEXT thing for the project manager to do?

1. Sequence the activities
2. Verify that they have the correct scope
3. Create a preliminary schedule and get the team’s approval
4. Complete risk management

Q4. A project manager is appointed to head highly technical project in an area with which this person has limited familiarity. The project manager delegates the processes of Develop Schedule, Estimate Costs, Define Activities, and Estimate Activity Resources to various project team members, and basically serves as an occasional referee and coordinator of activities. The results of this approach are likely to be:

1. A team that is not highly productive, but that stays together because of the work environment created by the project manager.
2. A team that is characterized by poor performance, low morale, high level of conflict and high turnover
3. A team functioning throughout the project at a very high level, demonstrating creativity and commitment.
4. A team that initially experiences some amounts of confusion but that after a period of time becomes a cohesive and effective unit

Q5. While testing the strength of concrete poured on your project, you discover that over 35 percent of the concrete does not meet your company’s quality standards. You feel certain the concrete will function as it is, and you don’t think the concrete needs to meet the quality level specified. What should you do?

1. Change the quality standards to meet the level achieved.
2. State in your reports that the concrete simply “meets our quality needs.”
3. Ensure that the remaining concrete meets the standard
4. Report the lesser quality level and try to find a solution.

Q6. 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.

Q7. You have just returned from the weekly change control board meeting at which you presented the requested changes to the employee move project. You had five change requests approved and one request rejected. These are outputs of what process?

1. Control Quality
2. Control Scope
3. Monitor Risks
4. Perform Integrated Change Control

Q8. All of the following are inputs to the Validate Scope process EXCEPT:

1. Work breakdown structure
2. Project scope statement
3. WBS dictionary
4. Inspection

Q9. As a project manager, you are presented with the following information on the paycheck period for several possible projects. Which project is your BEST choice?

1. Project A with a payback period of 6 months
2. Project B with a payback period of 9 months
3. Project C with a payback period of 12 months
4. Project D with a payback period of 18 months

Q10. Once a risk response is created, which of the following statements BEST describes the project manager’s role regarding risks while the project work is being completed?

1. Take actions when identified risks occur.
2. Look for unexpected impacts of implemented risk responses.
3. Implement planned work-arounds.
4. Make sure that risk responses are assigned to identify risks.