Project Management Question Bank
for Exam preparation

Q2. When a project is executed under contract, the contractual provisions will generally be considered as _____________ for the project.

1. Constraints
2. Exclusions
3. Deliverables
4. Provisions

Q3. Your manager is presenting a status report of all projects being run in his division. He reports that all projects are showing a positive CV. However, you know that your status reports for the last several weeks have been reporting a negative CV. What do you do?

1. Do nothing.
2. Offer to review all your manager's combined status reports before he presents them.
3. Notify the appropriate management immediately.
4. Ask your manager if that information was simply a typographical error.

Q4. Project performance measurements assess the magnitude of variation from the original cost baseline. Once the degree of cost variation is known, what step is performed next?

1. Audit the project team
2. Upgrade the configuration management database with new controls.
3. Replanning
4. Perform root cause analysis of the variance’s cause relative to the cost baseline

Q5. While working on a deliverable which is 95% complete, two stakeholders come and enquire about it. They argue with you that this deliverable was not part of the project and it was not requested by any stakeholders, which you disagree with. Therefore, to prove your point, which document will you show them?

1. Requirements traceability matrix
2. WBS
3. Project scope statement
4. Product scope

Q6. You are a project manager for your company. Part of the project requires producing 10,000 widgets, which your company will outsource. The company has agreed to pay all related costs and 5 percent of the estimated project costs. What type of contract has been negotiated?

1. Cost-Plus-Incentive-Fee contract
2. Cost-Plus-Fixed-Fee contract
3. Time and Material contract
4. Fixed-price contract

Q7. After the kickoff meeting, two team members engage in a casual conversation about the project objectives and deliverables. It is clear they heard different messages during the meeting. One team member is so adamant that the other team member give up arguing the point. After talking to the project manager, the second team member confirms that the first team member is mistaken. At this point, what is the BEST course of action?

1. The second team member should send the other team member an e-mail describing what he discovered.
2. At the next project meeting, the team member should ask the mistaken team member to describe his interpretation so the project manager can get everyone on the same page.
3. The project manager should send out an e-mail to the team restating the project objectives and deliverables.
4. At the next project meeting, the project manager should spend time reviewing the documented project scope statement for the purpose of identifying this and other false assumptions.

Q8. Andrew is managing a construction project. He is using his communication, interpersonal and management skills to keep the key project stakeholders engaged with the project. Which of the following activities is not related to the Manage Stakeholder Engagement process?

1. Addressing and resolving issues
2. Developing the stakeholder engagement plan
3. Confirming the stakeholders' continued commitment
4. Negotiating and communicating with the stakeholders

Q9. To assist with the selection of a supplier for a large procurement on your project, you have hired a consultant. The consultant has prepared an independent estimate to be used as a benchmark while reviewing bids on the RFP. The independent estimate is confidential and is not shared with any bidders. When the sealed bids are opened, you discover that only one supplier has submitted a quote lower than the independent estimate. All other quotes are 45 percent to 70 percent higher than the benchmark. While discussing this development with members of the project team, you learn a distant relative of the consultant owns the company with the lowest bids. What is the best course of action?

1. Confirm the lowest bidder has understood the requirements and award them the contract
2. Since one of the suppliers knows more than others, you must disclose the independent estimate to all others to be fair
3. Disqualify the lowest bidder
4. Review the RFP specifications and requirements

Q10. Which of the following could happen during project executing as a result of fast tracking the project?

1. A problem in a successor activity could affect more activities
2. All successor activities will have more float
3. Subsequent activities will have additional risk
4. Subsequent activities will lose resources 1