Project Management Question Bank
for Exam preparation

Q2. While preparing your risk responses, you realize that you have not planned for unknown risk events. You need to make adjustments to the project to compensate for unknown risk events. These adjustments are based on your past project experience when unknown risk events occurred and knocked the project off track. What should you do?

1. Include a management reserve in the budget to try to compensate for the unknown risks, and notify management to expect unknown risks to occur.
2. Document the unknown risk items and calculate the expected monetary value based on probability and impact that may result from the occurrence.
3. Determine the unknown risk events and the associated cost; then, add the cost to the project budget as reserves.
4. With the stakeholders, determine a budget of the known risk budget to allocate to a management reserve budget.

Q3. The accuracy of Activity Duration estimates can be improved by considering the amount of risk in the original estimate. The three types of estimates on which three-point estimates are based are:

1. Budgetary, ballpark, and Order of Magnitude
2. Best case scenario, expected scenario, and current scenario
3. Most likely, likely, and unlikely
4. Most likely, optimistic, and pessimistic

Q4. Which of the following BEST describes why quality is planned in and not inspected in?

1. It reduces quality and is less expensive.
2. It improves quality and is more expensive
3. It reduces quality and is more expensive
4. It improves quality and is less expensive

Q5. 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

Q6. The communication model helps you communicate information to stakeholders smoothly. Which of the following is not a basic step in the communication model?

1. Encode
2. Transmit message
3. Remove noise
4. Decode message

Q7. A project manager is trying to budget time for the various processes in the Project Schedule Management Knowledge Area. As project activities are performed, in which of these processes will the majority of effort occur?

1. Control Schedule
2. Estimate Activity Durations
3. Define Activities
4. Develop Schedule

Q8. To control the schedule, a project manager is reanalyzing the project to predict project duration. She does this by analyzing the sequence of activities with the least amount of scheduling flexibility. What technique is she using?

1. Critical path method
2. Flowchart
3. Precedence diagramming
4. Work breakdown structure 57

Q9. Which technique is NOT commonly used to align the timing of activities with available resources?

1. Critical Path Method
2. Resource Leveling
3. Resource optimization
4. Resource Smoothing

Q10. The project manager is working on a high-profile project where completing the project within budget is critical. The project manager is new, but well trained and is excited to see that the project is spending less than budgeted. As a result, the project manager was planning to take a holiday when a more senior project manager warned him that he has some important work to do on the project. Why would the senior project manager give such a warning on this project?

1. The project manager needs to create a project control system to make sure there are no problems in the future.
2. Under budget could mean that work that was scheduled to e done has not been completed. The project manager should look at how the cost performance compares to the schedule performance
3. A project that is under budget may also have contracts that need to be managed.
4. Team meetings should be scheduled every week and a holiday would mean that one team meeting would have to be cancelled.