Project Management Question Bank
for Exam preparation

Q2. Which of the following is the highest point of Maslow’s hierarchy?

1. Self-fulfillment
2. Respect
3. Affection
4. Stability

Q3. You are managing a complex submarine causeway construction project. When you started the project, the scope of work was not clear and was based on a rather high-level estimate. Now that you are in the middle of the project, more information has become available. As a result, you now need to change some of the key subcontracts on the project. Which of the following will guide you through the change process?

1. Change control terms of the individual subcontracts
2. Project management plan’s change control procedures
3. Organizational process assets
4. Supplier’s contract administrator

Q4. What does benefit cost ratio (BCR) of 2.1 mean?

1. The costs are 2.1 times the benefits
2. The profit is 2.1 times the costs
3. The payback is 2.1 times the costs.
4. The cost is 2.1 times the profit

Q5. A project manager has assembled the project team, identified 56 risks on the project, determined what would trigger the risks, rated them on a risk rating matrix, tested their assumptions, and assessed the quality of the data used. The team is continuing to move through the risk management process. What has the project manager forgotten to do?

1. Simulation
2. Risk mitigation
3. Overall risk ranking for the project
4. Involvement of other stakeholders

Q6. Your project is going full steam and to prepare a monthly report you collect some data and give it to John who is your team member. You ask him to provide you with work performance information. He analyzes the information, compiles the data, and gives you the requested information which includes the status of deliverables, the number of change requests, implementation status for change requests, and forecasted estimates to complete. Among this information, which does not represent the information you requested?

1. Number of change requests
2. Status of deliverables
3. Forecasted estimates to complete
4. Implementation status for change requests

Q7. 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.

Q8. During the Plan Risk Management process your team has come up with 434 risks and 16 major causes of those risks. The project is the last of a series of project which the team has worked on together. The sponsor is very supportive and a lot of time was invested in making sure he project was completed and signed off by all key stakeholders. During project planning, the team cannot come up with an effective way to mitigate or insure against a risk. It is not work that can be outsourced, nor can it be deleted. What would be the BEST solution?

1. Accept the risk.
2. Continue to investigate ways to mitigate the risk.
3. Look for ways to avoid the risk.
4. Look for ways to transfer the risk.

Q9. Under which circumstances is it BEST to use a network diagram rather than a bar chart?

1. To report to the sponsor
2. To show interdependence between activities
3. To track progress or to report to the team
4. To create a work breakdown structure

Q10. You have assumed responsibility for a complex, business-critical project involving new technology and approaches. All of the project’s stakeholders have emphasized to you that this is a high-risk effort, and that you are responsible for effectively identifying and addressing the project’s risks. There are a number of risk management tools and approaches you have been encouraged to use, but there is no agreement from the stakeholders as to which is the superior approach. The organization sponsoring the project has recommended risk management methodologies and templates, but does not consistently or effectively use them. In addressing risk management planning for this project, what is the MOST important consideration you should keep in mind?

1. Ensure risks have been identified and mitigation strategies have been developed for the most important ones.
2. Complete at least a moderately thorough examination of available risk management tools and methodologies to select the best ones for the project.
3. Create a high quality risk management plan and risk response plan.
4. Tailor the level, type and visibility of risk management to match the risks associated with the project and the project’s importance.