Project Management Question Bank
for Exam preparation

Q2. Who of the following are ALWAYS stakeholders?

1. A person who does not want the project to be completed.
2. An assembly line worker that will use the product of the project
3. A functional manager from the engineering department.
4. A person who might lose his or her position in the company because of the project

Q3. You are constructing a big mall for a client. During the execution phase, the client requests additional work and you agree. The scope of work is clear but you are lacking expertise and time, so you decide to procure this part of the work. What kind of contract will you select considering you can review invoices submitted by a contractor?

1. Firm fixed price
2. Cost plus fixed fee
3. Fixed price incentive fee
4. Time & material

Q4. Breaking down project activities into smaller components in order to obtain a more accurate cost estimate and then aggregating the estimates of the lower-level components is:

1. Work breakdown structure
2. Analogous estimating
3. Decomposition
4. Bottom-up estimating

Q5. While constructing a new drug manufacturing plan, you discover a leak in a pipe which has released chemicals into the ground. It was difficult to acquire the necessary government approval and community support for the plant, and management has told you to be particularly careful to not upset the community. You are uncertain of whether the chemicals could leak into the groundwater or cause any damage. What should you do?

1. Follow the instructions to avoid upsetting the community and do nothing
2. Start to write articles in the local paper about how poorly treated the local drinking water is.
3. Wherever possible, communicate all the great benefits of the plant to the community.
4. Inform local officials and ask for their help 0

Q6. A project manager is trying to manage a complex project at a 6 sigma level with 5 people. The project manager decides to use a trend report because it will help him:

1. Evaluate earned value.
2. Examine project results over time
3. Analyze the level of project complexity.
4. Determine the level of quality.

Q7. Funding requirements for a project are usually in incremental amounts that are not continuous. These increments appear as a step function in the graph depicting Cash flow, Cost baseline and Funding. Any gap at the end of the project between the funds allocated and the cost baseline represents:

1. Management reserves
2. Contingency reserves
3. Cost variance
4. Charting error

Q8. Testing the entire population would:

1. Take too long
2. Provide more information than wanted
3. Be mutually exclusive
4. Show many defects.

Q9. What is the primary risk when including reserves, or contingency allowances, in your cost estimate?

1. Cancelling your project
2. Understating the cost estimate
3. Overstating the cost estimate
4. Tracking the funds

Q10. You are a project manager for a new product development project that has four levels in the work breakdown structure. The network diagram has been created, the duration estimates have been compressed, and a schedule has been developed. What schedule management activity should you do NEXT?

1. Control Schedule
2. Estimate Activity Resources
3. Analogously estimate the schedule
4. Gain approval