Project Management Question Bank
for Exam preparation

Project Management- Q2. Conflict management is a tool and technique of which of the following processes?

1. Control Procurements
2. Identify Stakeholders
3. Close Project or Phase
4. Manage Team

Project Management- Q3. Performance reports are produced during the Control Procurements process by evaluating work performance data against the agreement requirements. Which of the following is the prime objective of producing such reports?

1. Performance reporting is a good project management practice and must be carried out on all projects.
2. Performance reports are produced so they can be added to lessons-learned database, and the future project might benefit.
3. Performance reports document the analysis of the project manager and does not require supplier’s participation.
4. Providing management with information about how effectively the seller is achieving the contractual objectives.

Project Management- Q4. You are managing a multi-million dollar project that is a joint venture between your company and another organization. You have repeatedly tried to get the contact and the project charter finalized between the two organizations, but there has been a great deal of arguing over language and details. The project’s scope has been expanding, cost has been increasing, and the schedule has regularly been lengthening. You learn very suddenly that the project has been cancelled because the other organization withdrew its share of the funding for the project. What is the MOST likely reason that this occurred?

1. Failure to understand the budgetary process
2. Inadequate scope management
3. Lack of sponsor commitment
4. Poorly done initial cost-benefit analysis

Project Management- Q5. The work breakdown structure can be BEST thought of as an effective aid for _________ communications.

1. Team
2. Project manager
3. Customer
4. Stakeholder 13

Project Management- Q6. You are managing a project with a budget of 500,000 USD, and 250,000 USD has been spent. Upon review, you observe that only 40% of the work has been completed. Your schedule says that you should have completed 50% of the work. What is estimate at completion (EAC)?

1. 625,000 USD
2. 500,000 USD
3. 400,000 USD
4. 375,000 USD

Project Management- Q7. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis with a fee of 10 percent of estimated costs. The estimated cost is US$50,000. If the project comes in at US$75,000 with no changes in project scope, what would be the total cost of the contract?

1. US$55,000
2. US$125,000
3. US$75,000
4. US$80,000

Project Management- Q8. A project manager has a project with a team member’s performance. What is the BEST form of communication for addressing this problem?

1. Formal written communication
2. Formal verbal communication
3. Informal written communication
4. Informal verbal communication

Project Management- Q9. Which of the following analytical techniques evaluates investment potential considering time-value of money?

1. Pareto analysis
2. Discounted cash flow
3. Earned value management
4. Monte Carlo technique

Project Management- Q10. Who determines the project scope requirements of a new project?

1. The customer
2. The stakeholders
3. The project manager
4. Senior management