Project Management Question Bank
for Exam preparation

Project Management- Q2. Which of the following is the BEST method to make reward systems MOST effective?

1. Pay a large salary increase to the best workers
2. Give the team a choice of rewards
3. Make the link between performance and reward clear
4. Present notification of rewards within the company.

Project Management- Q3. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis. The targeted cost is US$200,000 with a fee of US$30,000. If the project comes in at US$170,000, what would be the total cost of the contract?

1. US$ 195,500
2. US$230,000
3. US$ 200,000
4. US$170,000

Project Management- Q4. When should the Validate Scope process be done?

1. At the end of the project
2. At the beginning of the project
3. At the end of the each phase of the project
4. During the planning processes

Project Management- Q5. All of the following are true of project baselines EXCEPT:

1. They are included in the original approved project management plan.
2. They include approved scope changes
3. They are useful in detecting project variances.
4. They are useful in preparing the WBS.

Project Management- Q6. Which of the following is a basic rule or guideline for creating a work breakdown structure?

1. The first row should describe the products of the project
2. Each level of a work breakdown structure is a smaller segment of the level above
3. A work breakdown structure should be like a to-do list, listing in chronological order every activity that needs to be done to complete the project.
4. A work breakdown structure should be organized by functional areas.

Project Management- Q7. A team member comes to you (the project manager) privately and informs you that an employee of your customer is making unwelcome advances. The team member has repeatedly requested that this person stop, but the advances continue. What is the BEST course of action?

1. Privatively confront the customer employee and threaten legal action if the advances do not stop.
2. Suggest that the team member avoid contact with the customer employee.
3. Contact the employee’s manager to arrange a meeting to discuss the matter.
4. Facilitate a meeting with the team member, the customer employee, and yourself to allow the two to work it out amicably.

Project Management- Q8. A fire has just destroyed a warehouse that was being constructed as part of a large project you are managing. What would have been the easiest way to ensure that this force majeure would not significantly impact the cost of the project?

1. Reduce the impact of such risk by transference
2. Reduce the probability that the event will take place
3. Accept the risk
4. Eliminate the threat by not building the warehouse.

Project Management- Q9. You are about to take over a project from another project manager and find out the following information about the project. Activity Z has an early start (ES) of day 15 and a late start (LS) of day 20. Activity Z is a difficult activity. Cost performance index (CPI) is 1.1; schedule performance index (SPI) is 0.8. There are 11 stakeholders on the project. Based on this information, which of the following would you be the MOST concerned about?

1. Schedule
2. Float
3. Cost
4. The number of available resources.

Project Management- Q10. You have decided to terminate a contract because you no longer need the work from the seller. What is the BEST way to communicate this to the seller?

1. Call the seller immediately.
2. Send the seller a notification by e-mail.
3. Send the seller a stop work order by overnight mail.
4. Hold an immediate meeting with the seller.