Project Management Question Bank
for Exam preparation

Q2. Which of the following helps the project team to look at many sources from which project risks may arise in a risk identification exercise?

1. Work Breakdown Structure
2. Risk Breakdown Structure
3. Risk register
4. Issue log

Q3. If a project has a 60 percent chance of a $100,000 profit and a 40 percent chance of a $100,000 loss, the expected monetary value of the project is:

1. $20,000 profit
2. $40,000 loss
3. $100,000 profit
4. $60,000 loss

Q4. You are managing a complex submarine causeway construction project. When you started the project, the scope of work was not clear and was based on a rather high-level estimate. Now that you are in the middle of the project, more information has become available. As a result, you now need to change some of the key subcontracts on the project. Which of the following will guide you through the change process?

1. Change control terms of the individual subcontracts
2. Project management plan’s change control procedures
3. Organizational process assets
4. Supplier’s contract administrator

Q5. As you examine a list of job candidates for your project, you find that your cousin is one of the three shortlisted candidates. You know that she was desperately looking for a job. After reviewing the three resumes, you will send them to the electronics engineer for a technical interview. From your review of these resumes, you see that all three shortlisted candidates have similar qualifications and experiences. What should you do?

1. To avoid conflict of interest, ignore your cousin’s resume but forward the other two resumes.
2. Forward all three resumes.
3. Call your cousin and conduct an informal interview yourself before forwarding the resumes.
4. Consult your boss before forwarding the resumes for interview.

Q6. You have finished the Plan Risk Responses process and are left with residual risks. What should you do with them?

1. Document them in the risk register and revisit them during project executing
2. Deal with them as they arise during project executing
3. Include them as part of the contingency plans
4. Perform a sensitivity analysis on them.

Q7. You recently took over a project as the project manager. This is your first project management assignment. The project sponsor is very supportive and is helping you out in successfully managing the project. Recently, some bad quality deliverables were received on the project, and the project sponsor suggested that you to periodically review the vendor’s progress to deliver project scope and quality, within cost and on schedule, as compared to the contract. Which of the following statements is true in this context?

1. The sponsor has asked you to carry out regular trend analysis.
2. The sponsor has asked you something that is not a good project management practice.
3. The sponsor has asked you to carry out regular procurement performance reviews.
4. The sponsor is giving you a bigger workload so that you can perform better on the next assignment.

Q8. The risks identified for the project must be analyzed to be able to rely on them during the rest of the risk management process. It would be MOST important to complete which of the following?

1. Trigger data analysis
2. Data quality assessment
3. A risk rating matrix
4. Analysis of trends in qualitative risk analysis.

Q9. A planning technique used to provide products, services, and results that truly reflect customer requirements, by translating those customer requirements into the appropriate technical requirements for each phase of project product development, is:

1. Six Sigma
2. PDCA
3. Voice of the Customer
4. ISO

Q10. 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.