Project Management Question Bank
for Exam preparation

Q2. You are taken to lunch by one of your sellers who has become a friend. He gives you an opportunity to participate in a new venture in association with his company, unrelated to your current employment. What should you do?

1. Refuse to participate
2. Participate
3. Participate but advise your employer of the offer
4. Request your employer’s consent for your participation.

Q3. A stakeholder's mental picture or belief about the future is:

1. A Requirement.
2. A Heuristic.
3. An Expectation.
4. A Constraint.

Q4. Assuming that the ends of a range of estimates are +/- 3 sigma from the mean, which of the following range estimates involves the LEAST risk?

1. 30 days, plus or minus five days
2. 22 – 30 days
3. Optimistic = 26 days, most likely = 30 days, pessimistic = 33 days
4. Mean of 28 days.

Q5. You are developing a product for your client. During the development of the product, the client has indicated that he needs some changes in the product, so you process his request. How do you manage changes in product specification?

1. Change management
2. Integration management
3. Product management
4. Configuration management

Q6. You have received many bids from contractors and are now separating them according to their experience, technical expertise, and capabilities. After segregating these responses, you are reviewing them to see if they are capable of doing the job or not. What process is this?

1. Conduct procurement
2. Plan procurement management
3. Proposal evaluation technique
4. Manage quality

Q7. The scope baseline can BEST be said to include the:

1. WBS and project scope statement
2. Project scope management plan and project scope statement
3. Project scope management plan and WBS
4. WBS and project charter

Q8. During Control risks process, the risk response owner should be:

1. Identifying which risks he/she wants to monitor
2. Controlling the identification of response strategies
3. Informing the project manager of any midcourse correction needed
4. Updating stakeholders of new strategies for mitigating risks.

Q9. If earned value (EV) = 35o, actual cost (AC) = 400, planned value ((PV) = 325, what is the cost variance (CV)?

1. 350
2. -75
3. 400
4. -50

Q10. Under which of the following scenarios would you not use a decision tree?

1. When some future scenarios are unknown
2. When you need to look at the implications of not choosing certain alternatives
3. When the future scenarios are known
4. When the outcomes of some of the actions are uncertain