Project Management Question Bank
for Exam preparation

Q2. Allocating ownership of a risk to a third party who is best able to capture the opportunity is an example of ________ the risk.

1. Sharing
2. Enhancing
3. Exploiting
4. Accepting

Q3. As part of the procurement process, the procuring organization elected to have an estimate of costs prepared by an outside professional estimator. The estimator came up with an estimate of $500,000. However, the cost estimates prepared by prospective sellers were in the range of $200,000. How can this be best interpreted?

1. The procurement statement of work was deficient and ambiguous.
2. The professional estimator has inflated the estimate of costs.
3. The prospective sellers do not have the required skills to do the project.
4. Prospective sellers are trying to underbid and win the project.

Q4. You are the project manager of a project whose team has interacted with a number of stakeholders. You believe that in order to have an objective project performance appraisal, you would like to obtain feedback for the project team members from all the people they have worked with, including superiors, peers and subordinates. Project performance appraisals are performed during which of the following processes?

1. Close Project or Phase
2. Acquire Resources
3. Manage Team
4. Develop Team

Q5. You are working on a project to build a production line to produce round balls. During the inspection, you observe that some of these balls are not round. You analyze the problem and find that it can be prevented by making some changes to the procedures. Therefore, you make changes to the procedure to prevent this problem again. This is an example of:

1. Corrective action
2. Preventive action
3. Correction
4. Defect repair

Q6. Which of the following tools helps in determining the gaps between the current and desired stakeholder engagement levels?

1. Stakeholder register
2. Monte Carlo analysis
3. Stakeholder engagement assessment matrix
4. Fishbone diagram

Q7. The project you are working on has received an invoice from a vendor for US$17,500. However, your team believes the correct total due is US$15,300. When you notify the vendor, the vendor still insists on US$17,500. What is the best course of action now?

1. Pay $15,300
2. Negotiate with the vendor
3. File a lawsuit
4. Pay $17,500

Q8. Based on the chart, how many weeks will this project take?

1. 16
2. 31
3. 18
4. 13

Q9. You are working as the project manager on a mega-construction project. You need to prepare a quarterly report for the project investors. You need to collect work performance data and convert that into work performance information. Which of the following processes produces work performance data?

1. Direct and Manage Project Work
2. Control Schedule
3. Control Costs
4. Manage Communications

Q10. The scope baseline provides a detailed description of project deliverables and their components that provide a basis for the measurement of changes from that baseline. In which process is the scope baseline developed?

1. Plan scope management
2. Create WBS
3. Collect requirement
4. Define scope