Project Management Question Bank
for Exam preparation

Q2. An estimate that is +/-50 percent of actual is considered a:

1. Budget estimate
2. Rough order of magnitude estimate
3. Definitive estimate
4. Parametric estimate.

Q3. A system development project is nearing project closing when a previously unidentified risk is discovered. This could potentially affect the project’s overall ability to deliver. What should be done NEXT?

1. Alert the project sponsor of potential impacts to cost, scope, or schedule
2. Qualify the risk
3. Mitigate this risk by developing a risk response plan
4. Develop a workaround.

Q4. A contractor is currently constructing a new building for your organization on a cost-plus-incentive contract. You just received the project status report from the contractor’s project manager. According to the report, the project’s CPI is 1.5. You are shocked because you believe the project costs are out of control. Upon investigation, you learn the $1 million advance payment (20 percent of the estimated project cost) given to the contractor at the start of the project was included in the project’s earned value. Further, the cost of the inventory at the project site was excluded from the total actual costs. According to the contract, your company reimburses only the costs for the completed deliverables and not for the supplies in the project’s inventory. In this scenario, the reported project’s CPI is incorrect because:

1. Actual cost is understated.
2. Earned value is overstated, and actual cost is understated.
3. Earned value is overstated.
4. Both the earned value and the actual cost are overstated.

Q5. Two team members are having a big disagreement over the type of computer hardware to use on the project. Who should resolve this dispute?

1. Two members and their project manager
2. Project manager
3. Management
4. System supervisor

Q6. Checklists, fishbone diagrams, and Pareto charts are ALL examples of:

1. Tools used to define scope
2. Tools used in quality management
3. Tools used in team performance assessments
4. Parts of a project management plan.

Q7. You are sitting in a group discussion with 13 stakeholders and collecting ideas. Now you are in the final stage and are selecting the final idea. As there are many ideas, you decide to vote. After voting you see that a particular idea receives 7 votes, so you go with that option. What kind of decision making is this?

1. Unanimity
2. Majority
3. Plurality
4. Dictatorship

Q8. Which of the following is the correct sequence of the PMBOK processes that collects work performance data, converts it to work performance information, formats it into work performance reports, and distributes these reports?

1. Direct & Manage Project Work -> Monitor & Control Project Work -> Monitor Communications -> Manage Communications
2. Monitor Communications -> Direct & Manage Project Work -> Monitor & Control Project Work -> Manage Communications
3. Direct & Manage Project Work -> Monitor Communications -> Monitor & Control Project Work -> Manage Communications
4. Direct & Manage Project Work -> Monitor & Control Project Work -> Manage Communications -> Monitor Communications

Q9. You have a contract to build a manufacturing plant in Kuala Lumpur. However, you are not familiar with the building codes in Kuala Lumpur or Malaysia, so you are reviewing all their building codes prior to “turning a shovelful of earth.” This is an example of:

1. Project initiation
2. Quality assurance
3. Quality planning
4. Quality control

Q10. Which of these is accurate regarding risk management?

1. Organizations are not likely to perceive risk as a threat to project success.
2. It has its origins in the uncertainty present in all projects.
3. The attitudes of individuals and organizations must not be a factor affecting risk management.
4. It is a passive activity in project management.