Project Management Question Bank
for Exam preparation

Q2. The construction phase of a new software product is near completion. The next phases are testing and implementation. The project is two weeks ahead of schedule. What should the project manager be MOST concerned with before moving on to the final phase?

1. Validate Scope
2. Perform Quality Control
3. Performance Reports
4. Control Costs

Q3. During the Identify Risks process, a project manager identifies a risk that, no matter what the company does, a dire could occur in the building during the test. It would be BEST to _____ the risk.

1. Deflect.
2. Accept
3. Avoid
4. Change

Q4. A project is contracted on a Cost-Plus-Incentive-Fee (CPIF) basis. The contract states that if the final costs are less than expected costs, the sharing formula for cost savings is 80:20. The targeted cost is US$500,000 with a 10 percent fee. If the project comes in at US$450,000, what would be the total cost of the contract?

1. US$495,000
2. US$510,000
3. US$505,000
4. US$550,000

Q5. Which of the following best describes a control chart?

1. A bar chart showing project activities and their schedule
2. A chart showing the upper and lower control limits
3. A chart showing potential causes of issues
4. A chart showing loops between activities

Q6. A project manager had a complex problem o solve and made a decision about what needed to be done. A few months later, the problem resurfaced. What did the project manager MOST likely not do?

1. Proper risk analysis
2. Confirm that the decision solved the problem
3. Have the project sponsor validate the decision
4. Use an Ishikawa diagram.

Q7. As project manager o a project, you just handled a risk event that impacted the project cost and schedule. Because the impact is 15 percent total project cost, what is the MOST appropriate action?

1. Control the cost
2. Inform the appropriate stakeholders
3. Act to bring the cost of the event within acceptable limits
4. Update the project budget.

Q8. You have been developing a next generation electric engine for high-speed electric trains. The project is 25% completed, you have spent 21% of your budget and you are slightly behind the schedule. The client is worried and asks you to provide him with the progress and forecasting report as soon as possible. So, you start collecting information such as the start and finish dates of scheduled activities, number of change requests, number of defects, actual costs, actual durations, etc. These are examples of:

1. Work performance measurements
2. Work performance data
3. Work performance information
4. Parameters

Q9. Which of the following BEST describes comparing actual dates with planned dates?

1. Develop Schedule
2. Resource leveling
3. Variance analysis
4. Three-point estimating

Q10. Integration is done by the:

1. Project manager
2. Team
3. Sponsor
4. Stakeholders