Project Management Question Bank
for Exam preparation

Q2. Large variations in the periodic expenditure of funds are undesirable for organizational operations. Therefore, the expenditure of funds is frequently reconciled with the disbursement of funds for the project. According to the PMBOK, this is known as:

1. Disbursement Reconciliation
2. Expenditure Reconciliation
3. Budget Reconciliation
4. Funding Limit Reconciliation

Q3. A project manager may use _________ to make sure the team members clearly know what work is included in each of their work packages.

1. The project scope statement
2. The product scope
3. A WBS dictionary
4. A schedule

Q4. In general, Perform Qualitative Risk Analysis is:

1. Not often completed
2. Complete and 100 percent accurate
3. In-depth and thorough
4. focused on high-priority risks

Q5. You have been appointed manager of a project to convert multiple electronic mail systems at a major financial institution to a single platform. Your company’s approach was not the client’s first choice, and your firm was able to be the lowest cost alternative by using funds provided to your company for a different purpose. After the project is underway, the client specifies a new approach that has never been used before. When the project is approaching the originally scheduled end date, it becomes clear that the technological approach will have to be significantly altered. Although the client has been apprized of development throughout the project through regular status reports, and the project management plan has been followed, the client demands that the project be continued without any increase in cost until all of the client’s requirements are met. Your firm feels hat it has no choice but to comply with the client’s demands, although this will result in a substantial loss on the project. What was the MOST important thing that should have been done to avoid this situation?

1. Better identification of risks and development of risk mitigation strategies
2. Clearer project scope statement
3. Enhanced communications management plan
4. Formal client acceptance of the project management plan.

Q6. Your project is going full steam and to prepare a monthly report you collect some data and give it to John who is your team member. You ask him to provide you with work performance information. He analyzes the information, compiles the data, and gives you the requested information which includes the status of deliverables, the number of change requests, implementation status for change requests, and forecasted estimates to complete. Among this information, which does not represent the information you requested?

1. Number of change requests
2. Status of deliverables
3. Forecasted estimates to complete
4. Implementation status for change requests

Q7. A collection of formally documented procedures that define how project deliverables and documentation are controlled, changed, and approved is:

1. An authorization system
2. Project documentation
3. A change control board
4. A change control system

Q8. The client needs a small modification in the project scope, and he discusses it with you. He has told you that this may not increase the cost and may actually save some money. What will your next step be?

1. Approve it
2. Reject it
3. Review it
4. Discuss it with the management

Q9. A project manager is staying in touch with the work of project team members, managing conflicts, and requesting changes to the project management plan. What process is he involved in?

1. Report Performance
2. Manage Project Team
3. Plan Resource Management
4. Acquire Project team.

Q10. Based on the chart, if the duration of activity F changes to 8, what is the effect on the project?

1. There is no effect on the critical path
2. The duration of the critical path becomes 16
3. The critical path changes
4. Activity A is now on the critical path