Project Management Question Bank
for Exam preparation

Q2. During the Control Procurements process, a number of documents might get updated due to various reasons. Which of the following components of the project management plan is least likely to get updated during this process?

1. Quality management plan
2. Procurement management plan
3. Schedule baseline
4. Cost baseline

Q3. 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

Q4. About midway through the project, the project manager learns that most members of the project team are not reviewing the weekly project updates. What should the project manager do?

1. Create a signature log so team members can indicate when they have read the project updates.
2. Revise the communications management plan appropriately to meet the informational needs of the stakeholders.
3. Improve the layout of the weekly project updates to encourage reading by team members.
4. Require the reading of the project updates in order to receive any rewards on the project.

Q5. During which project management process group are budget forecasts created?

1. Monitoring and controlling
2. Planning
3. Initiating
4. Executing

Q6. Theory X postulates that people:

1. Are motivated by pay
2. Have expectations
3. Need to be watched every second
4. Can direct their own efforts.

Q7. Lee is the project manager of a project, and he is planning responses to a set of risks. As a direct result of implementing these risk responses, he anticipates certain other risks to arise. These are:

1. Secondary risks
2. Primary risks
3. Planned risks
4. Workaround

Q8. What do the buyer and seller have in common with regard to Control Procurements?

1. Both parties ensure that they meet their contractual obligations and that their own legal rights are protected.
2. Both parties have specific resources that can be idle.
3. Both parties have a contract change management plan.
4. Each party has its own project plan and legal team.

Q9. The Plan Stakeholder Engagement process has many inputs. Which of the following is an input to the Plan Stakeholder Engagement process that comes from the Conduct Procurements process?

1. Project management plan
2. Project charter
3. Historic stakeholder engagement plans
4. Agreements

Q10. The banks in the Ukraine have raised the annual interest rates sharply to 30 percent. You have the option to invest your money either in Ukrainian banks or to build a small factory for a client. The total cost of building the factory will be $12 million but it will spread evenly over one year ($1 million payable by the end of each month for the next 12 months). The client will make a payment of $3.9 million at the end of each quarter from the start of the project. Which of the following is the best option (if you are only considering the return on investment)?

1. Build the factory for the client
2. Invest the money in the bank for a year
3. Both options offer the same payoff
4. Information given is insufficient to determine the best option