Project Management Question Bank
for Exam preparation

Q2. What is the process of random selection and inspection of a work product?

1. Control Charting
2. Flow Charting
3. Statistical Sampling
4. Benchmarking

Q3. At the beginning of the project, a project manager realized the technical expertise of the team was limited, a risk to the project. Midway through the project, the project manager decided that this was no longer a risk and considered it outdated. As part of which process would he do the risk reassessment?

1. Perform Qualitative Risk Analysis
2. Perform Quantitative Risk Analysis
3. Perform Risk Assessment
4. Monitor Risks

Q4. Your project team has identified dependencies on six related projects that are providing major deliverables to your project. Some of these projects have a very similar scope and may overlap with your deliverables. In light of this, which of the following processes should you be MOST concerned about?

1. Control Scope
2. Verify Scope
3. Plan Risk Responses
4. Plan Communications.

Q5. Which term best describes the Identify Risks process?

1. Finite
2. Redundant
3. Iterative
4. Inconsequential

Q6. You have always been asked by your management to cut your project estimate by 10 percent after you have given it to them. The scope of your new project is unclear and there are over 30 stakeholders. Management expects a 25 percent reduction in downtime as a result of the project. Which of the following is the BEST course of action in this situation?

1. Re-plan to achieve a 35 percent improvement in downtime
2. Reduce the estimates and note the changes in the risk response plan
3. Provide an accurate estimate of the actual costs and be able to support your estimate
4. Meet with the team to identify where you can find 10 percent savings.

Q7. During which project management process group are budget forecasts created?

1. Monitoring and controlling
2. Planning
3. Initiating
4. Executing

Q8. Which of the following BEST describes how a work breakdown structure can be used to determine resources?

1. The WBS breaks the project into one-person activities
2. The small work packages that the WBS provides make it easier to determine what expertise is needed.
3. It lists the names of the resources to be used.
4. It enables management to list the resource hierarchy.

Q9. You have floated a firm fixed price contract for some work. Since the scope of the work is not clear, the risk is higher and contractors are hesitant to bid for your contract. You are very busy and don't have time to monitor the contractor’s bill. In this case, what kind of contract will you select?

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

Q10. Originally a project has seven activities: A, B, C, D, E, F, and G. Activities A, B, and D can start anytime. Activity A takes three weeks, activity B takes five weeks, and activity D takes 11 weeks. Activities A and B must be completed before activity C can start. Activity C takes six weeks to complete. Activities B, C, and D must be completed before activity E can start, and activity E takes two weeks. Activity F can start as soon as activity C completes and has duration of four weeks. Activity G takes three weeks and cannot start until activity E is completed. Activities F and G must be completed for the project to be completed. However, during project executing, a dependency was discovered between activities E and F. What is the BEST thing to do?

1. Tell management that the project will take longer than 18 weeks.
2. Redo schedule development
3. Call a team meeting and determine if crashing or fast tracking are possible solutions to meeting the original schedule
4. Call a meeting of stakeholders and communicate schedule risks.