Project Management Question Bank
for Exam preparation

Q2. You are working on an 18-month project with a small, co-located team. The project sponsor and senior management are in another city and have requested weekly updates. The customer requires monthly meetings. Because the team members are busy with the project executing processes, they would like to reduce the frequency of meetings. Which of the following BEST describes how status meetings should be managed on this project?

1. During project executing, you do not need to hold status meetings as long as you send the key stakeholders a status report every week.
2. Once a month the entire team, including senior management, should meet with the customer. You should discuss the details of the previous month’s issues with the customer. You should discuss the details of the previous months’ issues and the current status.
3. During project executing, it is only necessary for the project manager to meet with the customer once a month to fulfil your contractual obligation. Provide the customer once a month to fulfil your contractual obligation. Provide the customer with the status report and copy this report to key stakeholders.
4. The frequency and level of the meetings as well as the format and type of information to be exchanged should be defined in the project’s communications management plan during project planning.

Q3. Which option is not representative of the inputs, tools and techniques, and outputs of the Direct and Manage Project Work process?

1. PMIS, Project Management Plan, and Deliverables
2. Deliverables, Approved Change Requests, and Project Management Information System
3. Approved Change Requests, Validated Changes, and PMIS
4. Approved Change Requests, Project Management Plan, and Work Performance Data

Q4. You are in the initiation phase of your project, and you believe the project can be completed for $100,000. However, you are an experienced project manager and know that many things can happen between the initiation phase and the closure of the project. In the project charter, you have provided an estimate of $75,000 to $175,000. This is an example of:

1. Narrow Estimate
2. Absolute Estimate
3. Rough Order of Magnitude Estimate
4. True Estimate

Q5. Mark is in the middle of a software development project. So far, the project has incurred a total cost of $50,000. If it is determined the project is no longer required, what would we call the cost incurred to date?

1. Opportunity cost
2. Return on investment
3. Breakeven cost
4. Sunk cost

Q6. Which of the following and is the BEST method of completing “what if” scenarios to determine what combination of resources and interdependence will produce the best schedule?

1. Critical chain method
2. Monte Carlo
3. Parametric estimating
4. Resource leveling

Q7. You have signed a contract with a contractor which states that you will pay for the entire contractor’s legitimate costs, plus a fee based on the subjective evaluation of his performance; this will not be subject to an appeal. What kind of contract is this?

1. CPIF
2. CPFF
3. FPIF
4. CPAF

Q8. A critical project rollout was delayed because one of the stakeholders did not receive necessary communication on time. On further analysis, the project manager discovered that the communication was sent to the wrong teams. This could have happened because:

1. Communication broke down between the project team and the stakeholder.
2. The project manager failed to manage stakeholder expectations.
3. The stakeholder communications requirements were not properly analyzed during the Plan Communications Management process.
4. The stakeholder did not proactively ask for updates.

Q9. Which of the Project Schedule Management processes involves identifying and documenting dependencies among schedule activities?

1. Sequence Activities
2. Define Activities
3. Develop Schedule
4. Control Schedule

Q10. One of the performance requirements of a company website development project is that the home page should load in one second. Such performance requirements are usually part of:

1. Business needs
2. Business requirements
3. Project management requirements
4. Product requirements