Project Management Question Bank
for Exam preparation

Q2. A list of risks for additional study is an output of:

1. Identify risks
2. Plan risk management
3. Perform Qualitative Risk Analysis
4. Perform Quantitative Risk Analysis.

Q3. Who should be responsible for defining project objectives?

1. Project manager
2. Sponsor
3. Project management team
4. Stakeholders

Q4. You have been given a project to develop some gaming software for the client. You have developed many similar games in the past and possess the knowledge and skills that are needed to build the game. You have recruited your team and many of them are new, however all of them respect you a lot. What kind of power are you showing here?

1. Coercive power
2. Positional power
3. Expert power
4. Referent power

Q5. Which of the following statements about team-building activities is incorrect?

1. It can be a five-minute agenda item in a status review meeting.
2. It can be a professionally facilitated experience designed to improve interpersonal relationships.
3. The objective of team-building activities is to help team members work individually and effectively.
4. Informal communication and activities help in building trust and establishing good working relationships.

Q6. The customer responsible for overseeing your project asks you to provide a written cost estimate that is 30 percent higher than your estimate of the project’s cost. He explains that the budgeting process requires manager to estimate pessimistically to ensure enough money is allocated for projects. What is the BEST way to handle this?

1. Add the 30 percent as a lump sum contingency fund to handle project risks
2. Add the 30 percent to your cost estimate by spreading it evenly across all project activities
3. Create one cost baseline for budget allocation and a second one for the actual project management plan.
4. Ask for information on risks that would cause your estimate to be low.

Q7. Which of the following actions decreases the risk of the project failing to meet its goals and objectives?

1. Discouraging changes to the initial project scope
2. Acquiring more than required resources
3. Active management of stakeholders
4. Fast-tacking the project schedule to finish the project before deadline

Q8. Which of the following is NOT a valid project schedule presentation format:

1. Activity list
2. Activity attributes
3. Bar chart
4. Network diagram

Q9. Calculation of late finish dates and late start dates for the uncompleted portion of the project is called ____________.

1. Schedule compression
2. An arrow diagram
3. A backward pass
4. A forward pass

Q10. Your company has just won a major new project. It will begin in three months and is valued at US $2,000,000. You are the project manager for an existing project. What is the FIRST thing you should do once you hear of the new project?

1. Ask management how the new project will use resources.
2. Resource level your project.
3. Crash your project.
4. Ask management how the new project will affect your project.