Project Management Question Bank
for Exam preparation

Q2. Earned value measurement is an example of:

1. Performance reporting
2. Planning control
3. Ishikawa diagrams
4. Integrating the project components into a whole.

Q3. A company is attempting to select the BEST project from a list of possible choices. If the information they have includes the following benefit cost ratios, which project should they pick?

1. 2.2
2. 1.3
3. 0.8
4. 1.6

Q4. 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.

Q5. You are in the initiation phase of your project, and you believe the project can be completed for $100,000. However, you are an experienced project manager and know that many things can happen between the initiation phase and the closure of the project. In the project charter, you have provided an estimate of $75,000 to $175,000. This is an example of:

1. Narrow Estimate
2. Absolute Estimate
3. Rough Order of Magnitude Estimate
4. True Estimate

Q6. Impact assessment is part of which risk management process?

1. Identify Risks
2. Perform Qualitative Risk Analysis
3. Plan Risk Responses
4. Control Risks.

Q7. A project manager is working on his first project with outside sellers. He is familiar with project change control systems but not contract change control systems. In explaining how a contract change control system differs from a project change control system, it is BEST to point out that a contract change control system:

1. Includes procedures
2. Includes trend analysis
3. Requires more sign-offs
4. Requires less documentation.

Q8. The project status meeting is not going well. Everyone is talking at the same time, there are people who are not participating and many topics are being discussed at random. Which of the following rules for effective meetings is NOT being adhered to?

1. Demonstrate courtesy and consideration of each other, control who is allowed to speak.
2. Schedule meetings in advance.
3. Have a purpose for the meeting; with the right people in attendance.
4. Create and publish an agenda and a set of rules for controlling the meeting.

Q9. You have identified a risk that will negatively affect your security project. You and your team have decided to use an older encryption technology because of the high risk associated with the new technology. What type of risk strategy are you using?

1. Mitigation
2. Exploitation
3. Avoidance
4. Transfer

Q10. The client demands changes to the product specification that will add only two weeks to the critical path. Which of the following is the BEST thing for the project manager to do?

1. Compress the schedule to recover the two weeks
2. Cut scope to recover the two weeks
3. Consult with the sponsor about options
4. Advise the client of the impact of the change