Project Management Question Bank
for Exam preparation

Q2. One of the senior team members, who is the best performer in your project, plays favorites. A few of the other team members who work closely with this team member have gotten exceptionally good appraisal reports in the past, even though they may not have deserved them. As the project manager, what do you need to actively do?

1. Ask all the members of your team who are appraisers of other team members to be liberal in their appraisals. This will help compensate for the appraisals the senior team member does.
2. Speak to the senior team member and ask him or her to do appraisals fairly, in accordance with the appraisal guidelines.
3. Ignore the matter since you would otherwise lose a senior team member who is key to your project.
4. Ensure that the senior team member does not get to appraise anybody.

Q3. While preparing your risk responses, you identify additional risks. What should you do?

1. Add reserves to the project to accommodate the new risks and notify management.
2. Document the risk items and calculate the expected monetary value based on probability and impact that result from the occurrences.
3. Determine the risk events and the associated cost, and then add the cost to the project budget as a reserve.
4. Add a 10 percent contingency to the project budget and notify the customer.

Q4. Kelly is part of a project management office (PMO). Her office is responsible for the centralized and coordinated management of 18 projects. Each project has its own project manager. Which of the following will not typically be a responsibility of her PMO?

1. Coaching, mentoring, training, and oversight
2. Development of a detailed description of each project and the product it produces
3. Managing shared resources across all the projects administered by the PMO
4. Developing and managing project policies

Q5. Adhering to legal requirements, satisfying competing needs, providing accurate and truthful representations, and disclosing conflicts of interest are all:

1. Examples of scope management
2. Examples of the professional and social responsibility of the project manager.
3. Examples of project closure activities
4. Examples of the intellectual property requirements of subcontractors.

Q6. Which of the following statements about the management of risks in a project is incorrect?

1. The effect of various risks on project scope, cost, and quality is numerically analyzed in the perform quantitative risk analysis process.
2. Positive risks are mitigated during the plan risk responses process.
3. Stakeholder analysis is performed during the plan risk management process.
4. Risk report is produced during the perform quantitative risk analysis process.

Q7. If planned value (PV) is US $29,000, actual cost (AC) is US $32,000, and earned value (EV) is US $30,000, what is the schedule variance (SV)?

1. 0.938
2. $1,000
3. 1.034
4. ($2,000) 19

Q8. While the five process groups are usually completed in order, they often overlap with each other throughout the project. Which two process groups usually do not overlap during the course of the project?

1. Initiating and Closing
2. Initiating and Executing
3. Initiating and Monitoring and Control
4. Planning and Closing

Q9. The project CPI is 1.02, the benefit cost ratio is 1.7 and the latest round of performance reviews identified few needed adjustments. The project team was co-located into a new building when the project started. Everyone commented on how excited they were to have all new facilities. The sponsor is providing adequate support for the project and few unidentified risks have occurred In an attempt to improve performance, the project manager spends part of the project budget on new chairs for the team members and adds the term “senior” to each team member’s job title. Which of the following is the MOST correct thing that can be said of this project or the project manager?

1. The project manager has misunderstood Herzberg’s theory
2. The project is slowly spending more money than it should. The project manager should begin to watch cost more carefully
3. The performance review should be handled better to find more adjustments
4. The project manager should use good judgment to determine which variances are important.

Q10. You are finalizing the monthly project status report due now to your manager when you discover that several project team members are not reporting actual hours spent on project activities. This results in skewed project statistics. What is the MOST appropriate action to be taken?

1. Discuss the impacts of these actions with team members.
2. Report the team members’ actions t their functional managers.
3. Continue reporting information as presented to you.
4. Provider accurate and truthful representations in all project reports.