Project Management Question Bank
for Exam preparation

Q2. You have received an urgent call from management and they asked you to find the cost estimate of a new project. Since time is critical and you have to provide them with the cost estimate, which technique will you use to calculate the project cost?

1. Parametric
2. Analogous
3. Bottom up
4. Symmetric estimate

Q3. Christine is managing a healthcare software development project. At a PMI conference, she met George, who is the project manager at a competing organization. George, a PMP, has managed many successful healthcare-related software development projects. If George shares his stakeholder management experience with Christine, will that be considered expert judgment?

1. No! George is a project manager at a competitor organization.
2. Yes! All participants at a PMI conference are experts.
3. Yes! George is an expert in managing such projects.
4. No! This would be an example of expert opinion and not expert judgment.

Q4. You are using an analytic tool to find the strengths and weaknesses of alternatives to determine the best option in terms of benefits provided. What tool is this?

1. SWOT analysis
2. Prototype
3. Benchmarking
4. Cost benefit analysis

Q5. Which of the following is NOT a measure that determines if a business if a business practice used by another country is an unfair business practice?

1. It hurts the right to physical movement
2. It is a common practice in the other country
3. It does not supply a decent wage for the country and the type of work
4. It discriminates against women 3

Q6. To demonstrate your product, you develop a small functional model of your real product and show to your stakeholders to get their feedback. This model is known as:

1. Simulation
2. Sampling
3. Prototype
4. None of the above

Q7. You are performing the inspection of a deliverable with your contractor to determine if the deliverable is meeting requirements. After being satisfied with the inspection, you accept the deliverable. Which process are you in?

1. Quality control
2. Validate scope
3. Close procurement
4. Procurement audit

Q8. An estimate at completion (EAC) is an output of which of the following?

1. Control Costs
2. Project performance review
3. Variance management
4. Performance measurement analysis

Q9. Who of the following are ALWAYS stakeholders?

1. A person who does not want the project to be completed.
2. An assembly line worker that will use the product of the project
3. A functional manager from the engineering department.
4. A person who might lose his or her position in the company because of the project

Q10. You have been appointed a project manager for ABC Inc. and are given a project. While in the planning stage, you find that your organization is lacking the skills and manpower to complete a part of the work and the scope is also unclear. You decide to contract this work to a third party. What kind of contract will you select in this case?

1. Cost reimbursable
2. Time & material
3. Fixed fee
4. PO