Project Management Question Bank
for Exam preparation

Q2. The cost of running a project management office is an example of what type of cost?

1. Reimbursable
2. Fixed
3. Direct
4. Indirect

Q3. During which risk management process is a determination to transfer a risk made?

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

Q4. A ______ is a collection of projects or programs grouped together for strategic business needs.

1. Portfolio
2. Management System
3. Enterprise
4. Array

Q5. A project manager has been working on a project for six months with the same team, yet the team still shows a lack of support for the project. The BEST thing the project manager can do to obtain the team’s support for the project is to:

1. Re-evaluate the effectiveness of the reward system in place.
2. Talk to each team member’s boss with the team member present.
3. Find someone else to be project manager.
4. Tell the team members he needs their support, and ask the team members why they do not support the project.

Q6. Using the chart, if the duration of activity D changes to 9, what would you need to include in your performance report?

1. The project will be completed later than expected
2. Everything on the project is going to according to plan
3. The project will be completed early
4. The risk of the project not being completed is now greater.

Q7. All of the following are true statements about parametric estimating EXCEPT:

1. The model is scalable.
2. Estimates are based on input from the team
3. The parameters used in the model are readily quantifiable.
4. Historical information is used in the model 63

Q8. You are the project manager for a Fortune 100 IT company, and you are currently engaged in an important project. You want to choose the best contractor for a specialized task. What should you do to evaluate potential contractors?

1. Create a lessons-learned document
2. Conduct a performance review
3. Evaluate proposals
4. Perform a Make-or-Buy analysis

Q9. Which process group corresponds to the “do” part of the plan-do-check-act cycle?

1. Closing
2. Monitoring and Controlling
3. Planning
4. Executing

Q10. An identified risk occurred during the execution phase and the risk owner implemented the risk response plan. The impact of the risk was higher than the planned impact and the risk response plan was not effective. So, you ask the risk owner to implement the fallback plan to contain the situation. To implement the fallback plan, which reserve is most likely to be utilized?

1. Contingency reserve
2. Management reserve
3. Cost reserve
4. None of the above