Project Management Question Bank
for Exam preparation

Q2. You are beginning a new project. When should you use the Perform Integrated Change Control process?

1. Throughout the entire project
2. Only when closing out the project
3. Only after the project is completely funded
4. Only after the project scope is clearly defined

Q3. With a clear procurement statement of work, a seller completes work as specified, but the buyer is not pleased with the results. The contract is considered to be:

1. Null and void.
2. Incomplete.
3. Complete.
4. Waived.

Q4. What is the difference between management reserves and contingency reserves?

1. Contingency reserves address known knowns, whereas management reserves address known unknowns.
2. Contingency and management reserves both address known unknowns and could be considered the same.
3. Contingency reserves address known unknowns whereas management reserves address unknown unknowns.
4. Contingency reserves are managed by senior management whereas management reserves are managed by the project manager.

Q5. A project team is having difficulty communicating over long distances. There are 13 team members from two countries when five people from Indian are added to the project. How many communication channels are there?

1. 153
2. 180
3. 324
4. 362

Q6. How is the three-point estimating related to risk?

1. It tells you how much assumptions testing is required.
2. It indicates whether the risk estimate is acceptable.
3. It indicates the estimate’s degree of uncertainty
4. It indicates the risk variance

Q7. You have been appointed manager of a project to convert multiple electronic mail systems at a major financial institution to a single platform. Your company’s approach was not the client’s first choice, and your firm was able to be the lowest cost alternative by using funds provided to your company for a different purpose. After the project is underway, the client specifies a new approach that has never been used before. When the project is approaching the originally scheduled end date, it becomes clear that the technological approach will have to be significantly altered. Although the client has been apprized of development throughout the project through regular status reports, and the project management plan has been followed, the client demands that the project be continued without any increase in cost until all of the client’s requirements are met. Your firm feels hat it has no choice but to comply with the client’s demands, although this will result in a substantial loss on the project. What was the MOST important thing that should have been done to avoid this situation?

1. Better identification of risks and development of risk mitigation strategies
2. Clearer project scope statement
3. Enhanced communications management plan
4. Formal client acceptance of the project management plan.

Q8. Negotiations between two parties are becoming complex, so Party A makes some notes that both parties sign. However, when the work is being done, Party B claims that they are not required to provide an item they both agreed to during negotiations, because it was not include in the subsequent contract. In this case, Party B is:

1. Incorrect, because both parties must comply with what they agreed upon.
2. Correct, because there was an offer
3. Generally correct, because both parties are only required to perform what is in the contract
4. Generally incorrect, because all agreements must be upheld.

Q9. The seller tells you that your activities have resulted in an increase in their costs. You should:

1. Recommend a change to the project costs.
2. Have a meeting with management to find out what to do.
3. Ask the seller for supporting information.
4. Deny any wrongdoing.

Q10. A control chart should always contain:

1. Upper and lower warning limits
2. The moving average
3. Upper and lower control limits
4. Upper and lower specification limits