Project Management Question Bank
for Exam preparation

Q2. Although it is highly recommended that lessons learned are captured and documented throughout the project lifecycle, lessons learned are finalized during project closure. At this stage, responses to high-level questions may be gathered and documented. Which of the following is not an appropriate question to ask at this stage?

1. What were the top significant project successes?
2. How relevant the historic lessons learned were to this project during execution?
3. What obstacles or unanticipated circumstances made it difficult to complete the project?
4. What should have been done differently in this project?

Q3. Two very important stakeholders are having a conflict which may affect your project. They come to you but you are very busy. In this case what kind of conflict resolution technique should you select?

1. Problem solve
2. Force
3. Avoid
4. Smooth

Q4. A seller has withdrawn from a project midway through the project executing processes, and another seller is taking over. The project manager meets with the replacement seller and his crew. In this meeting, what should the project manager do FIRST?

1. Introduce the team members, and identify the roles and responsibilities.
2. Communicate the objectives of the project.
3. Review the schedule.
4. Create a communications management plan.

Q5. Which of the following is an example of a tool used in Plan Quality?

1. Fishbone diagram.
2. Quality audit
3. Cause and effect diagram
4. Benchmarking.

Q6. Using the chart, the person completing activity G tells you that a few unidentified risks have occurred and the duration of the activity will now be 10 months. What is the effect on the project?

1. The critical path changes
2. There are two critical paths
3. There is no effect on the critical path
4. There is less chance of completing the project on time.

Q7. The acceptable range of variation of a process is the ________ on a control chart.

1. Mean
2. Specification limit
3. Rule of seven
4. Upper and lower control limit.

Q8. During risk planning, you encounter a risk that you find difficult to manage; therefore, you make small changes to your project management plan to eliminate the risk. Which risk response strategy are you using here?

1. Avoid
2. Mitigate
3. Accept
4. Exploit

Q9. Project setup costs are an example of:

1. Variable costs
2. Fixed costs
3. Overhead costs
4. Opportunity costs 14

Q10. A project is contracted on a Cost-Plus-Incentive-Fee (CPIF) basis. The contract states that if the final costs are less than expected costs, the sharing formula for cost savings is 80:20. The targeted cost is US$500,000 with a 10 percent fee. If the project comes in at US$450,000, what would be the total cost of the contract?

1. US$495,000
2. US$510,000
3. US$505,000
4. US$550,000