Project Management Question Bank
for Exam preparation

Q2. Value analysis is performed to get:

1. More value from the cost analysis.
2. Management to buy into the project
3. The team to buy into the project.
4. A less costly way of doing the same work.

Q3. During the project execution, a stakeholder comes to you and tells you that she suspects that some team members are not doing their tasks and are busy with other activities. You discuss her concerns with her and show her a document. After seeing it, she agrees with that the team members are doing the right job. What document was this?

1. RACI chart
2. GANTT chart
3. Organizational chart
4. WBS

Q4. Dave, a first-time project manager, was of the opinion that all training activities need to be planned. He discussed this with an experienced project manager who understood that some training was necessarily unplanned. Which of the following are good candidates for unplanned training?

1. Training by observation, conversation, and project management appraisals
2. Training by mentoring, on-the-job training, and online courses
3. Training by conversation, coaching, and classroom training
4. Training by mentoring, observation, and coaching

Q5. A project is contracted on a Cost-Plus-Incentive-Fee (CPIF) basis. The contract states that if the final costs are less than expected costs, the sharing formula for cost savings is 80:20. The targeted cost is US$500,000 with a 10 percent fee. If the project comes in at US$450,000, what would be the total cost of the contract?

1. US$495,000
2. US$510,000
3. US$505,000
4. US$550,000

Q6. Two team members come to you with a dispute. Since you are very busy, you briefly listen to one member, agree with him, and support his view. What kind of problem-solving technique is this?

1. Withdraw
2. Compromise
3. Force
4. Problem Solving

Q7. The customer wants to make a change to the project scope. The BEST thing for the project manager to evaluate is the:

1. Effect of the change on scope management
2. Effect of the change on the project scope.
3. Effect of the change on the project schedule, cost, quality and risk.
4. Effect of the change on the project baselines.

Q8. Your project is very complex and due to a scope change, you need a few additional experts, which you did not think of earlier. You request that your company provide you with some experts for consultancy work. Although your company has provided you with those experts, they are located in a different geographical location. In this situation, how will you get their input?

1. Ask management to bring them to you
2. Recruit new members with same skills
3. Create a virtual team
4. None of the above

Q9. Your company is undergoing a change in ownership and the new owners are looking at the total cost of a new product. Which of the following would BEST provide that information?

1. Estimate at completion
2. Life cycle cost
3. Earned value
4. Net present value

Q10. Testing the entire population:

1. Take too long.
2. Provide more information than wanted.
3. Be mutually exclusive.
4. Show many defects.