Project Management Question Bank
for Exam preparation

Q2. During the team member acquiring process, you observe that a particular employee from another department can be used for your project for some work. Therefore, you ask their functional manager to provide the employee on alternate days. The functional manager says they can provide you with the particular employee for only two days a week. Which technique are you using here?

1. Acquire project team
2. Negotiation
3. Pre-assignment
4. Develop project team

Q3. Your project team has identified a major project risk. After talking to the project management office, they determine that a reserve on the project is not necessary. What is the NEXT step?

1. List the time or cost overrun expected on the project in your project management plan.
2. Develop risk transference strategies.
3. Create a risk response plan that includes the risk.
4. Ignore he risk until it happens.

Q4. As a result of your analysis of the risks on the project, you have decided to remove a team member from the project team in order to decrease the overall project risk. What is this an example of?

1. Transference
2. Resource analysis
3. Avoidance
4. Acceptance

Q5. What is present value (PV)

1. Value of assets that a company owns
2. Today’s value of future cash flows
3. Future value of money on hand today
4. Current value of today’s assets adjusted for inflation 9

Q6. You have a team of engineers working on your project. Two of the engineers have frequent disagreements. You ask them to resolve their differences through a discussion. However, that does not yield any results. Subsequently, you intervene, and based on your analysis of the situation, you suggest some changes in the way they work with each other. This still does not yield results, and you find that the project schedule is beginning to suffer. What is your next course of action?

1. Take disciplinary action, if required, since the needs of the project are not being met.
2. Don't do anything. Differences of opinion among the team members are a healthy situation.
3. Speak to the two team members and ask them to resolve their conflict amicably.
4. Ensure that they work in different shifts so that they don't clash with each other.

Q7. A project manager for a large international bank has a project team that just implemented an electronic funds project involving four large vendors. The project manager struggled through every part of the procurement process since the bank had a weak internal procurement department. What would be the MOST appropriate thing to do to ensure the problems are resolved for future projects?

1. Document all of the issues in a memo, and schedule a meeting with the head of the procurement office.
2. Include a agenda item in the project closedown to discuss these issues in a non-threatening manner
3. Address this through contract change control.
4. Conduct a procurement audit.

Q8. If a project manager is concerned with gathering, integrating, and disseminating the outputs of all project management processes, she should concentrate on creating a better:

1. WBS
2. Communications management plan
3. Project management information system
4. Project scope management plan.

Q9. You are the project manager for Commodities, Inc. You are involved in a new project to create an internal website for the employees that will allow them to view events within the company. All of the following options listed are project constraints except:

1. The project must be completed by December 31 of the current year.
2. There is a budget of $75,000 for the project.
3. The navigation menu for the website must be on the top of the page.
4. Only three employees are available to work on the project.

Q10. You have just learned that one of your team members has not been adequately trained to complete project activities as assigned to him. How will you handle this situation?

1. Replace this team member with someone more qualified
2. Request proper training be provided and paid for by the functional manager
3. Revise the schedule to account for the decreased effectiveness on this resource.
4. Mentor this resource during the remainder of project duration.