Project Management Question Bank
for Exam preparation

Q2. Probabilistic analysis o the project and probability of achieving the project cost are completed during:

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

Q3. You are reviewing a plan which explains how changes to the product will be initiated, how impacts will be analyzed, and how they will be traced, tracked, and reported, as well as the authorization levels required to approve these changes. What document is this?

1. Monitor and control project work
2. Requirements management plan
3. Control configuration
4. Control change management

Q4. A new project manager is being mentored by a more experienced certified project management professional (PMP). The new project manager is having difficult finding enough time to manage the project because the product and project scope are being progressively elaborated. The PMP mentions that the basic tools of project management, such as a work breakdown structure, can be used during project executing to assist the project manager. For which of the following can a work breakdown structure be used?

1. Communicating with the customer
2. Showing calendar dates for each work package
3. Showing the functional managers for each team member
4. Showing the business need for the project 6

Q5. The sponsor and the project manager are discussing what type of contract the project manager plans to use on the project. The buyer points out that the performing organization spent a lot of money hiring a design team to come up with the design. The project manager is concerned that the risk for the buyer be as small as possible. An advantage of a fixed price contract for the buyer is:

1. Cost risk is lower
2. Cost risk is higher
3. There is little risk
4. Risk is shared by all parties.

Q6. You are the project manager for one part of a new program in your organization. You are four months into a three-year project when your project team makes significant discoveries on your project. What is the BEST thing to do?

1. Make certain the discoveries are included in the project lessons learned
2. Make certain the discoveries are in the monthly status report.
3. Make certain you mention the discoveries at the senior management meeting in two months
4. At the weekly meeting, make certain you tell the other project managers involved in this program about the discoveries.

Q7. Projects, portfolios, and programs are different entities in an organization. Which of the following choices states a correct relationship between them?

1. A portfolio consists of a collection of projects or programs that are grouped together to achieve strategic business objectives. The projects or programs need not be directly related.
2. A project is a collection of programs and portfolios that are grouped together to achieve the project objectives.
3. A program consists of a collection of projects or portfolios that are grouped together to achieve strategic business objectives.
4. A program is a collection of projects that are grouped together for convenience. It may include unrelated work if the work is under the same business division.

Q8. A project has experienced significant delays due to equipment problems, staff attrition, and slow client reviews. The project is 40 percent complete and has used 60 percent of the available calendar time. What is the FIRST thing you should do?

1. Rebaseline the schedule to reflect the new date
2. Analyze the critical path activities for potential to fast track or crash the schedule
3. Document the lack of progress and associated issues to management
4. Identify activities that required more time than planned 49

Q9. Which of the following best describes the Validate Scope process?

1. Validating that the project quality requirements are met
2. Controlling changes to the scope of the project
3. Obtaining the stakeholders' formal acceptance of the project deliverables
4. Validating that all of the project's objectives are met

Q10. RACI stands for______________, ________________, ___________, _______________.

1. Review, Analyze, Calculate, Implement
2. Responsible, Actual, Complete, Informative
3. Roles, Activities, Costs, Instructions
4. Responsible, Accountable, Consult, Inform