Project Management Question Bank
for Exam preparation

Q2. An estimate that is +/-50 percent of actual is considered a:

1. Budget estimate
2. Rough order of magnitude estimate
3. Definitive estimate
4. Parametric estimate.

Q3. During what part of the project management process is MOST of a project’s budget expended?

1. Planning
2. Executing
3. Monitoring and Controlling
4. Closing

Q4. Sarah is about to start developing her project stakeholder engagement plan. She is currently gathering all the required inputs for this process. She has already created the stakeholder register and has gotten access to the organizational process assets and enterprise environmental factors. Which of the following inputs is also critical for the process?

1. Expert Judgment
2. Benchmarking
3. Root cause analysis
4. Project management plan

Q5. While creating the agenda for a status meeting with the team, a project manager receives input from one team member that an item should be added. Another team member says the team is not ready to resolve the item during the meeting. After much discussion, the project manager decides to put the item on the agenda as an initial discussion item only. Which conflict resolution technique is the project manager using?

1. Compromise
2. Smoothing
3. Forcing
4. Withdrawal.

Q6. How does time-boxing help minimize scope creep in agile projects?

1. It forces the team to create project WBS using the user stories.
2. It forces the sponsor to allocate a Scrum master who helps in eliminating scope creep.
3. It forces the team to process essential features first, then other features.
4. It forces the team to convert the user stories into epics.

Q7. Paul has recently been asked to manage an office refurbishment project. He finds out that the chief financial officer of the company is resisting the project. The chief financial officer is a key project stakeholder. What must Paul do first?

1. Conduct a team meeting to discuss this issue.
2. Seek support from the project sponsor to force project decisions.
3. Analyze options that might change or influence the chief financial officer's perception.
4. Seek expert judgment from the project initiator.

Q8. You are a project manager for the construction of a major new manufacturing plant that has never been done before. The project cost is estimated at US $30,000,000 and will make use of three sellers. Once begun, the project cannot be cancelled, as there will be a large expenditure on plant and equipment. As the project manager, it would be MOST important to carefully:

1. Review all cost proposals from the sellers.
2. Examine the budget reserves.
3. Complete the project charter.
4. Perform an identification of risks.

Q9. A ______ is a collection of projects or programs grouped together for strategic business needs.

1. Portfolio
2. Management System
3. Enterprise
4. Array

Q10. A project has a schedule reserve of 28 days when the customer adds scope not previously planned for. The change has a 40 percent chance of delaying the project by an additional 14 days. What should be done?

1. Add more resources to the project.
2. Look for ways to cut 14 days of work from another activity.
3. Add 5.6 days to the schedule reserve.
4. Plan to add 14 days of overtime to the project.