Project Management Question Bank
for Exam preparation

Q2. Senior management has imposed a project delivery date prior to acceptance of the project scope statement. To whom is the project manager MOST accountable?

1. Project sponsor
2. Project team
3. Customer
4. Senior management

Q3. You are managing a railway track construction project. The construction contract awarded to your company is fixed price and is based on some pre-determined quantities of work to be executed. During the project execution you find out that the actual quantities of work that need to be executed are 20% greater than what has been stated in the contract. What should you do?

1. Bill the buyer the additional scope of work separately without amending the contract
2. Collect necessary evidence and request the buyer to amend the contract with new quantities
3. Engage a third-party arbitrator to help resolve the issue
4. Sue the buyer for stating wrong quantities in the contract

Q4. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis with a fee of 10 percent of estimated costs. The estimated cost is US$50,000. If the project comes in at US$75,000 with no changes in project scope, what would be the total cost of the contract?

1. US$55,000
2. US$125,000
3. US$75,000
4. US$80,000

Q5. The probability and impact matrix helps you rank risks so you can develop your risk management plan accordingly. Which statement is true about the probability and impact matrix?

1. It includes high-grade risks with its impact
2. It includes low-grade risks with its impact
3. Here the definition of probability and impact is decided
4. A grid showing probability and impact of the risk

Q6. The senior analyst on a project came up with Activity Duration Estimates as follows: Activity A: 10 days + a lag of two days; Activity B: 1 week + a lead of three days. The project manager who reviewed these estimates raised some objections to them. What would they most likely be?

1. The analyst should have included percent variance information while mentioning the Activity Duration Estimate. This would indicate a range of possible results.
2. Activity Duration Estimates should not include any lag or lead information.
3. It is advisable not to mix up units such as days and weeks while coming up with Activity Duration Estimates.
4. The Activity Duration Estimate should have also mentioned the predecessor or successor activity to which the lag or lead is attached.

Q7. A seller was notified they were one of the selected sellers based on their proposal. The seller immediately circulated an internal newsletter stating they had just been awarded a large contract for a period of five years. Would the newsletter be factually correct?

1. It is likely that the newsletter is factually incorrect. While the seller has been selected for the work, it is unlikely that the term of the project would have been five years.
2. It is likely that the newsletter is factually incorrect. A selected seller is one whose proposal is judged to be in a competitive range. It does not mean they have the work.
3. The newsletter is likely factually incorrect. A selected seller is one whose proposal has been accepted, and a contract has been completed pending signatures of the authorized parties.
4. The newsletter is likely factually correct. A selected seller is one who has a contract based on the procurement process.

Q8. Which of the following is not a tool or technique of the Control Procurements process?

1. Expert judgment
2. Advertising
3. Claims administration
4. Inspection

Q9. You are performing an audit of one of your project manager’s projects and notice that she did not consider the network diagram as part of the Identify Risks process. As a result, the project manager will probably do which of the following?

1. Forget some activities in he risk evaluation
2. Forget activity precedence in her risk evaluation
3. Forget some path convergence issues in her risk evaluation
4. Forget some stakeholders in her risk evaluation.

Q10. Project Stakeholder Management is focused on engaging project stakeholders with the project. What is the objective of keeping the project stakeholders engaged with the project?

1. To manage their expectations so that the project objectives are achieved
2. Using consistent project management methodology across organizational projects
3. To motivate the project team members
4. To demotivate the negative stakeholders