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Project Management Question Bank
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Question:

You have received a proposal for an RFP that was sent to vendors. One of the vendors has proposed doing the project for $12,500. The cost for the project is $10,000, and their profit will be $2,500. Which type of contract is most suitable if the type of work is predictable and the requirements are well-defined and not likely to change?
  1. Cost Plus Fixed Fee
  2. Cost Plus Percentage of Cost
  3. Fixed price
  4. Cost Plus Incentive Fee






Q2. Which of the following is not an example of parametric estimating?

  1. Activity duration estimated based on the number of drawings multiplied by the number of labor hours per drawing.
  2. Activity duration estimated based on the number of labor hours per meter for cable installation.
  3. Activity duration estimated based on the square footage in construction.
  4. Activity duration estimated based on the actual duration of a similar, previous project.
Correct Answer

Q3. You are just starting on a project as project manager. The project sponsor asks you for weekly status updates by email and monthly project status meetings to review the project’s progress. These requirements are documented in the:

  1. Scope statement
  2. Communications management plan
  3. Project charter
  4. Organizational plan
Correct Answer

Q4. A project manager on a multinational website implementation project is at a party and talks to friends who will be heavy users of this new website when the project is complete and the site is rolled out. They describe some annoying aspects of the current website. The project manager takes this feedback to the sponsor, and encourages design and scope changes. Which of the following BEST describes what the project manager has done?

  1. Scope validation
  2. Integrated change control
  3. Stakeholder analysis
  4. Scope planning
Correct Answer

Q5. Stakeholders can be identified in which project management process groups?

  1. Initiating, planning, executing, and monitoring and controlling
  2. Initiating and planning
  3. Planning and monitoring and controlling
  4. Monitoring and controlling and closing
Correct Answer

Q6. You are managing a project with part-time resources in a weak matrix organization. Several of the team members attend team meetings and have not completed their activity assignments as scheduled. AT your next team meting, the MOST important agenda item would be:

  1. To review the work breakdown structure.
  2. Team building.
  3. To review project schedule and assignments.
  4. To define the impact of the delays.
Correct Answer

Q7. A watch list is an output of which risk management process?

  1. Plan Risk Responses
  2. Perform Quantitative Risk Analysis
  3. Perform Qualitative Risk Analysis
  4. Plan Risk Responses.
Correct Answer

Q8. Which of the following is a chief characteristic of the Delphi technique?

  1. Extrapolation from historical records from previous projects
  2. Expert opinion
  3. Analytical hierarchy process
  4. Bottom-up approach.
Correct Answer

Q9. During the Manage Stakeholder Engagement process, a number of project documents might get updated. Which of the following project documents get updated the most during this process?

  1. Stakeholder register
  2. Risk register
  3. Project reports
  4. Project presentations
Correct Answer

Q10. A project manager is working on her first project that uses people from outside her country. Which of the following would be the MOST important thing to expect to occur?

  1. Added costs due to shoddy or incomplete work
  2. Language or cultural differences that preclude effective team work
  3. Increased resource planning and coordination activities
  4. Team building activities become impractical, and the cost is prohibitive.
Correct Answer










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