Project Management Question Bank
for Exam preparation

Q2. When the project manager completes the detailed project schedule, it would be MOST important to get it approved by the:

1. Project sponsor
2. Team
3. Functional managers
4. Customer 42

Q3. 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.

Q4. A manager notices that a project manager is holding a meeting with some of the team and some stakeholders to discuss the quality of the project. The project schedule has been compressed, and the CPI is 1.1. They have worked hard on the project, the team has been rewarded according to the reward system the project manager put in place, and there is a strong sense of team. The manager suggests that the project manager does not have enough time to hold meetings about quality when the schedule is so compressed. Which of the following BEST describes why the manager is wrong?

1. Improved quality leads to increased productivity, increased cost effectiveness, and decreased cost risk
2. Improved quality leads to increased productivity, decreased cost effectiveness, and increased cost risk.
3. Improved quality leads to increased productivity, increased cost effectiveness, and increased cost risk
4. Improved quality leads to increased productivity, decreased cost effectiveness and decreased cost risk.

Q5. All of the following are true statements about parametric estimating EXCEPT:

1. The model is scalable.
2. Estimates are based on input from the team
3. The parameters used in the model are readily quantifiable.
4. Historical information is used in the model 63

Q6. Which of the following is CORRECT?

1. Inspecting is part of project control and order of magnitude estimates are in the range of +10 to -25 percent.
2. Determining that the project is following policies and procedures is done in the Manage Quality process, and accepting work results is done in the Validate Scope process
3. Define Scope and make-or-buy decisions are parts of the Plan Procurement Management process.
4. Cost estimates are best created by the person doing the work and the detailed project cost budget is created by management.

Q7. You have been assigned as the project manager for a software development project. You are currently communicating with stakeholders and addressing their issues and expectations. Which of the following documents are inputs to this effort?

1. The Issue log, Project charter, and Configuration management system
2. The stakeholder engagement plan, communications management plan, and the change log
3. The Project risk register, Work performance information, and Accepted deliverables
4. Business case, change requests, and control charts

Q8. In your project, you have two activities, D and E. These two activities have a common successor, Activity F. Activity D will be completed on the 10th and activity E will be completed on the 15th. Therefore, Activity D can be delayed by 5 days without affecting the early start of Activity F. This delay is known as:

1. Total float
2. Free float
3. Project buffers
4. Feeding buffer

Q9. During project planning, you estimate the time needed for each activity and then add the estimates to create the project estimate. You commit to completing the project by this date. What is wrong with this scenario?

1. The team did not create the estimate and estimating takes too long using that method
2. The team did not create the estimate and a network diagram was not used.
3. The estimate is too long and should be created by management
4. The project estimate should be the same as the customer’s required completion date

Q10. Your organization gets a new project and wants you to assign the project manager for this project. As management is busy with other activities, they ask you to develop the project charter so the project can get started. To develop the project charter, which of the following is not needed?

1. Strategic plan
2. Business case
3. Agreements
4. Project plan