Project Management Question Bank
for Exam preparation

Q2. You have received an urgent call from management and they asked you to find the cost estimate of a new project. Since time is critical and you have to provide them with the cost estimate, which technique will you use to calculate the project cost?

1. Parametric
2. Analogous
3. Bottom up
4. Symmetric estimate

Q3. Two people on the same project team have just found out that they are working on the same work. This situation can be BEST characterized as a lack of:

1. A good work breakdown structure.
2. A matrix organization
3. Sponsor direction
4. Effective status meetings.

Q4. The project has been going well when one of the suppliers informs you that, as they warned you during project planning, they will deliver your equipment two days late. At the same time, you get a call from a team member informing you that the critical path activity she is working on will take longer to complete than planned. What is the BEST thing to do?

1. Use a contingency reserve for the first, and find out how much later the activity will be
2. Ask for a change order for each
3. Have both reviewed with the change control board
4. Find out why the activity was late 8

Q5. You have signed a contract with the client to provide manpower for 50 USD/hour. Moreover, you will also be reimbursed for any costs incurred, along with a fixed fee of 25,000 USD. What kind of contract is this?

1. FPIF
2. T&M
3. CPAF
4. CPIF

Q6. A project’s financial management reserves are determined in which process:

1. Estimate Costs
2. Determine Budget
3. Control Costs
4. Estimate Activity Resources

Q7. Which of the following is a tool or technique of the Manage Stakeholder Engagement process?

1. Communication technology
2. Communication models
3. Communication standard
4. Communication skills

Q8. All of the following are tools of Plan Quality EXCEPT:

1. A scatter diagram
2. Benchmarking
3. Cost-benefit analysis
4. Cost of quality

Q9. Your project is delayed because of some regulatory issues and the client has asked you to stop the work until he gets government clearance. The project team members are afraid that the project may be terminated early and you may need to enter into the close project process. In which of the following cases will you not perform the close project or close phase process?

1. When the project is terminated due to cost overrun
2. When the project is terminated due to schedule overrun
3. The client decided to terminate the project
4. None of the above

Q10. The list of identified risks is found in the risk register. However, the overall high-level project risks is first listed in the:

1. Scope statement
2. Requirement document
3. Project charter
4. Risk management plan