Project Management Question Bank
for Exam preparation

Q2. You have been given a task to find cost estimates for several projects, and your organization will submit its bid based on these estimates. The financial position of the organization is not very good; therefore, they tell you that they cannot invest more than 500,000 USD. They also give you a leeway of 10% on either side of it. This leeway is a part of:

1. Organizational process assets
2. Enterprise environmental factors
3. Threats
4. Opportunities

Q3. You have designed an improvised system for a consumer product that could decrease repair cost for the consumer. Management is impressed with your idea, but has decided to wait until next year to implement it. What is the BEST thing to do?

1. Advise government officials that there is a better alternative that could save the public money
2. Wait until next year
3. Go to one of your competitors with the idea in order to save consumers cost
4. Tell everyone you come in contact with that you have a better design

Q4. Key project stakeholders can significantly influence a project in many ways. During which stage of the project do these stakeholders have the maximum ability to influence a project?

1. Planning
2. Initiating
3. Executing
4. Monitoring & Controlling

Q5. Your company has a policy that only a certain hotel chain may be used for business travel. You discover that a more expensive hotel is offering a discount on the days you need to be in town. What should you do?

1. Ask your manager for permission to use the other hotel chain
2. Contact the hotel chain to negotiate a better rate
3. Use the company’s hotel chain
4. Provide justification on your expense report for using the other hotel chain.

Q6. Which of the following Manage Quality techniques examines problems, constraints, and non-value-added activities that occur during project work?

1. Sensitivity Analysis
2. Expected monetary value analysis
3. Earned Value Analysis
4. Process Analysis

Q7. Which part of the risk management process receives input from risk response owners?

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

Q8. Originally, your project had give team members. Now the scope has expanded, and there are total of eight people on the project team. How many communication channels have been added?

1. 9
2. 10
3. 18
4. 28

Q9. A project manager has put in place rules covering who will have access to controlled documents, how changes to these items will be recorded and approved, and how everyone will know what the current version is. The project manager is therefore creating a:

1. Work authorization system
2. Change control system
3. Configuration management system
4. Project management information system

Q10. You were recently appointed as a project manager in an organization. You are well recognized in the organization because of your connection with management, and team members obey you because of this relationship. What kind of power do you possess here?

1. Relational power
2. Punishment power
3. Expert power
4. Reward power