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Project Management Question Bank
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Question:

A project manager has run into cost difficulties. The project scope must be completed, but at less cost. The project manager should:
  1. Change the depreciation method for the equipment used on the project.
  2. Perform a value analysis
  3. Evaluate benefit cost ratios
  4. Recover some sunk costs.






Q2. You are a certified PMP, and the PMI has contacted you as part of an investigation it is conducting into allegations of improper conduct by your manager, who is also a PMP. A complaint has been filed stating your manager has received bribes related to a large procurement contract on another project. PMI has asked whether you could provide information regarding this situation. What should you do?

  1. Confront your manager
  2. Send PMI project documentation and emails related to the allegations to assist with their investigation
  3. Notify the appropriate management immediately
  4. Do nothing, citing a conflict of interest
Correct Answer

Q3. Which of the following is done during the Create WBS process?

  1. Product analysis
  2. Project selection
  3. Decomposition
  4. Alternatives identification
Correct Answer

Q4. A cause and effect diagram and an Ishikawa diagram are both:

  1. Flowcharts
  2. Fishbone diagrams
  3. Control charts
  4. Pareto charts
Correct Answer

Q5. Your project is complete and the product is ready to be delivered. The client inspects the deliverable and accepts it. What process is this?

  1. Close procurement
  2. Close project
  3. Validate scope
  4. Verify scope
Correct Answer

Q6. You are managing a project that requires an environmental permit to do work. The approval is in the final stages when a confidential, reliable report is brought to your notice. The report indicates there is a high risk of an environmental hazard due to the project. Your manager tells you it is better to keep quiet at this stage since losses from terminating the project might be very high. You must:

  1. Send an email to your manager documenting the matter and disowning ownership of the project
  2. Inform the necessary authorities of the hazard, even if it means cancelling the project
  3. Wait for the project to start and see if the information in the report is true
  4. Keep quiet about the matter since you will follow your manager's instructions
Correct Answer

Q7. Which of the following is NOT a reason to measure variances from the baseline?

  1. To catch deviations early
  2. To allow early corrective action
  3. To determine if there are any wild fluctuations
  4. To create a project control system
Correct Answer

Q8. It is extremely important for a project manager to determine and map key stakeholder engagement levels early in the project. Which of the following statements support this claim:

  1. Stakeholder engagement levels change during the lifecycle of the project
  2. Stakeholder engagement throughout the lifecycle of the project is critical to project success
  3. Leading stakeholders assume a supportive role during project execution
  4. Development of the stakeholder assessment matrix is a mandatory PMBOK requirement
Correct Answer

Q9. You were asked to prepare a budget for completing a project that was started last year and then shelved for six months. All the following would be included in the project budget EXCEPT:

  1. Fixed costs.
  2. Sunk costs.
  3. Direct costs.
  4. Variable costs.
Correct Answer

Q10. Which of the following scenarios is likely to occur in a project?

  1. Cost and staffing levels are low at the start of the project.
  2. Stakeholders' influence on the project is lowest at the start of the project.
  3. Risk and uncertainty are lowest at the start of the project.
  4. Cost of changes are the highest at the start of the project.
Correct Answer










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