Project Management Question Bank
for Exam preparation

Q2. A seller is awarded a contract to build a pipeline. The contract terms and conditions require a work plan be issued for the buyer’s approval prior to commencing work, but the seller fails to provide one. Which of the following is the BEST thing for the buyer’s project manager to do?

1. File a letter of intent
2. Develop the work plan, and issue it to the seller to move things along
3. Issue a default letter
4. Issue a stop order to the seller until a work plan is prepared.

Q3. During the Identify Risks process, a project manager made a long list of risks identified by all the stakeholders using various methods. He then made sure that all the risks were understood and that triggers had been identified. Later, in the Plan Risk Responses process, he took all the risks identified by the stakeholders and determined ways to mitigate them. What has he done wrong?

1. More people should be involved in the Plan Risk Responses process
2. Triggers are not identified until the Identify Risks process.
3. The project manager should have waited until the Perform Qualitative Risk Analysis process to get the stakeholders involved.
4. The project manager should have created workarounds

Q4. You want to buy a cell phone and you have two options. The first phone is cheaper and offers less functionality, but it has a proven track record of good stability and reliability. The second phone is a feature rich, costly phone but it has some stability and reliability issues. Which of the following statements is correct about these phones?

1. The first cell phone is a low grade, high-quality phone
2. The second cell phone is a low grade, high-quality phone
3. The first cell phone is a high grade, low-quality phone
4. The second cell phone is a high grade, high-quality phone

Q5. In your project, you have two activities, D and E. These two activities have a common successor, Activity F. Activity D will be completed on the 10th and activity E will be completed on the 15th. Therefore, Activity D can be delayed by 5 days without affecting the early start of Activity F. This delay is known as:

1. Total float
2. Free float
3. Project buffers
4. Feeding buffer

Q6. The technique most commonly used by project management software packages to construct a project schedule model is:

1. Precedence diagramming method (PDM)
2. Finish-to-Start (FS)
3. Activity-In-Node (AIN)
4. Node-On-Activity (NOA)

Q7. You are managing a project with a budget of 500,000 USD, and 250,000 USD has been spent. Upon review, you observe that only 40% of the work has been completed. Your schedule says that you should have completed 50% of the work. What is the schedule performance index (SPI)?

1. 1.25
2. 0.8
3. 1
4. 1.5

Q8. You have signed a contract to have a customer care support system built for your company. In this contract, you have mentioned that you will pay all costs incurred plus a monetary benefit if you are happy with the work and the contractor fulfills some conditions set in the contract. What type of contract is this?

1. Cost plus incentive fee
2. Cost plus award fee
3. Time & material
4. Fixed price incentive fee

Q9. Performance reports are produced during the Control Procurements process by evaluating work performance data against the agreement requirements. Which of the following is the prime objective of producing such reports?

1. Performance reporting is a good project management practice and must be carried out on all projects.
2. Performance reports are produced so they can be added to lessons-learned database, and the future project might benefit.
3. Performance reports document the analysis of the project manager and does not require supplier’s participation.
4. Providing management with information about how effectively the seller is achieving the contractual objectives.

Q10. Which of the following is least likely to be a project?

1. Regular updates of the company website
2. Responding to a contract solicitation
3. Running a campaign for a political office
4. An endeavor that lasts for 10 years