Project Management Question Bank
for Exam preparation

Q2. Which of the following information about the project would NEVER be available during project planning?

1. Cost performance index
2. Benefit cost ratio
3. Internal rate of return
4. Budget at completion

Q3. You are working as a project manager for MALTEX, an IT organization having a projectized organization structure. You have recently started managing a project that involves stakeholders from within and outside your organization. The stakeholders external to your organization are highly critical since the project negatively affects their interests. You are making serious efforts to gather their expectations and influence levels early in the project to ensure their voice is heard and proper communication needs can be planned in the project’s future phases. The outcome of your effort can be documented in:

1. The stakeholder engagement plan
2. The project scope document
3. The risk register
4. The stakeholder communication plan

Q4. Bidder conferences can have a negative effect on the project if the project manager does NOT remember to make sure:

1. All questions are put in writing and sent to all sellers
2. All sellers get answers to their questions only
3. To hold separate meetings with each bidder to ensure you receive proprietary data.
4. There is room in the meeting for all sellers.

Q5. A change log is an important input to the Manage Stakeholder Engagement process. Which process provides this input?

1. Plan Communications Management
2. Manage Communications
3. Perform Integrated Change Control
4. Monitor Communications

Q6. You have been managing a research project to create genetically modified fruits using genetic engineering techniques. Since many legal issues are involved in this process, you created contingency allowances by using various quantitative analysis methods to account for cost uncertainty. You have just concluded a brainstorming session with your team in the execution phase to monitor risks that have developed in the project over the past few weeks and to establish new risk response plans. What should you do if you want to allocate more contingency reserves to account for new risks?

1. Perform the reserve analysis to compare the amount of contingency reserves remaining to the amount of risk remaining
2. Perform Monte Carlo analysis to compare the amount of contingency reserves remaining to the amount of risk remaining
3. Perform the variance and trend analysis to compare planned results to the actual results
4. Perform the quantitative risk analysis to determine the outstanding risks

Q7. In which part of the cost management process is earned value (EV) used?

1. Performance measurement analysis and variance management
2. Forecasting and project performance reviews.
3. Creating the cost baseline and the cost control system
4. Reserve analysis and cost aggregation

Q8. To create the status report, you have collected the data for value of completed work, actual duration, actual completed work, etc. These data are examples of:

1. Work performance data
2. Work performance information
3. Work performance measurement
4. Performance data

Q9. What conflict resolution technique is a project manager using when he says, “I cannot deal with this issue now!”

1. Problem solving
2. Forcing
3. Withdrawal
4. Compromising.

Q10. A project is facing the following risks: 20 percent chance a part is not available, creating an additional fee of US $30,000; 10 percent chance the team requires additional training for a cost of US $12,000; 25 percent chance the second planned quality test costing US $8,000 is unnecessary. What is the expected monetary value of these risks?

1. $50,000
2. $5,200
3. $42,000
4. $7,200 86