Project Management Question Bank
for Exam preparation

Q2. A government agency has awarded your company a massive software project. This project has an early completion incentive, and your company has a policy of paying a bonus to the project manager if such an incentive is awarded. However, this particular government agency has a reputation for being extremely difficult to work with; there is a great deal of bureaucracy within this agency, and stonewalling and hostility toward contractors are common. The project manager will need to have excellent political skills to lead this project successfully. You have been asked to lead the project because of your expertise with this type of project. However, you have never worked within such a highly charged and political environment. What should you do?

1. Decline the project citing lack of experience.
2. Accept the project but disclose your lack of experience in this type of environment.
3. Accept the project and request that a corporate liaison be assigned to your project.
4. Accept the project.

Q3. Which of the following BEST describes how a work breakdown structure can be used to determine resources?

1. The WBS breaks the project into one-person activities
2. The small work packages that the WBS provides make it easier to determine what expertise is needed.
3. It lists the names of the resources to be used.
4. It enables management to list the resource hierarchy.

Q4. You are the project manager for Wicked Fast Cars Corp. You are working on a project for the Human Resources department that is scheduled to take one year. After three months into the project, you calculate the EV at $35,000 and the PV at $45,000. Which option below represents the value for the SV?

1. ($10,000)
2. 1.29
3. 0.78
4. $10,000

Q5. Which of the following BEST describes when a project baseline should be changed?

1. When a major delay occurs
2. When an official change is made
3. When a cost increase occurs
4. Changes should never be made to the baseline

Q6. Which of the following indicates the required cost performance in order to complete the project on budget?

1. TCPI
2. CPI
3. EAC
4. SPI

Q7. You are developing the project management plan. Management asks you to provide them with information on the chances of completing the project under different circumstances. The project is important and so management does not want to delay the schedule. You compile the data and use a tool and tell management that there is a 90% chance you can complete the project within the schedule, however, if you are given three weeks of extra time, the chance of completing project rises to 98%. Which of the following statements is true about the tool you have used to come up with this information?

1. It is a perform qualitative risk analysis process technique
2. It is a perform quantitative risk analysis process technique
3. It is a control quality process technique
4. It is a technique of the determine budget process

Q8. Management is asking you to provide them with the report on the project’s status and progress. Therefore, you start preparing a report on it. You are preparing a chart where you are using a virtual activity (an aggregation of several activities) showing the summary levels so management can understand it easily. This virtual activity is known as:

1. Milestone
2. Control activity
3. Hammock activity
4. WBS activity

Q9. During project executing, you find that the customer has requested a change to the scope of work even though it was previously not approved. There are no objections to the cost of the change. What should you do FIRST?

1. Follow the change control process
2. Discuss the change with the customer
3. Meet with the team and plan alternatives
4. Evaluate and document the risks that might result from this change

Q10. A risk with a positive outcome is an ___________.

1. Unlikely risk
2. Objective risk
3. Opportunity
4. Obsolete risk