Project Management Question Bank
for Exam preparation

Q2. A project manager is spending most of the project funding in the current phase of the project. The manager is also managing various resources in the project. What is the stakeholder influence on the project now compared to earlier phases?

1. Cannot be determined
2. More
3. Less
4. Same

Q3. The customer is repeatedly requesting changes. You discover the contract does not include procedures or implementing change. There are no available funds in the customer’s budget to accommodate change. What should you do?

1. Ask your management to use money from the company’s cost reserve.
2. Tell the customer there is no budget for changes in the project
3. Discuss the situation with the customer to decide how to remedy this problem
4. Make only those changes that do not impact cost.

Q4. Velvet is working for a chemical industry, and her management proposed two different projects to manufacture benzene for commercial use. After doing financial analysis, the financial advisor provided her with the following statistics about the projects: Project 1: 60 percent probability of success with a profit of $500,000 and 20 percent probability of failure with a loss of $200,000. Project 2: 30 percent probability of success with a profit of $300,000 and 30 percent probability of failure with a loss of $400,000. Based on the information above, Velvet should choose:

1. Either project 1 or project 2
2. Neither project 1 nor project 2
3. Project 2
4. Project 1

Q5. Upon obtaining the project charter, the Project Manager of a project starts acquiring the project team immediately. Is this correct?

1. Yes. Acquisition of the project team is primarily an Initiating Process Group activity.
2. Yes. The project manager needs to get the team together as soon as the project starts.
3. No. It is the responsibility of the project sponsor to provide the team for execution.
4. No. Acquisition of the project team is primarily an Executing Process Group activity.

Q6. As per the chart, the resource completing activity E is not performing very well. After much argument, the functional manager agrees to assign a different resource to activity E, but this will increase activity E’s duration to seven months. What is the effect of this change?

1. None, because activity E was not on the critical path
2. The project will be delayed because activity E is on the critical path
3. The project will be delayed because activity E has float of five
4. None, because activity E has float of four.

Q7. Which of the following BEST describes what is included in a staffing management plan?

1. A plan regarding what details about the project should go to whom and when the details need to be sent.
2. How the team will implement the plans for ensuring the project will satisfy the needs for which it was undertaken
3. When and how human resources will be brought into and taken off the project team
4. If independent estimates are needed, who will prepare them and when.

Q8. Your company is way behind schedule in the deployment of a government-mandated change to a health care processing system that must be in production by the end of the year. To meet the due date, you and your team have met and decided to hire an additional 50 programmers to work with the existing staff. This is an example of what?

1. Resource Leveling
2. Fast Tracking
3. Crashing
4. Risk Transference

Q9. Sandra is managing a complex ERP design and implementation project. The project team has recently been hired. It is an enterprise-wide project affecting many stakeholders. It is very important for each team member to properly understand and follow the project communication requirements in order to keep the stakeholders engaged and informed. Which of the following tools and techniques can Sandra use to ensure that team members properly understand the project’s communications requirements?

1. Ground rules
2. Training
3. Co-location
4. Recognition and rewards

Q10. Which of the following BEST describes an opportunity on a project?

1. Team members will learn more about spy satellites, and will be able to use that information on future projects.
2. The requirements might need updating later.
3. The quality requirements are hard to achieve.
4. Additional engineering may be needed in order to get the satellite to meet the customer’s requirements.