Project Management Question Bank
for Exam preparation

Q2. All of the following are parts of the Direct and Manage Project Work process EXCEPT:

1. Identifying changes
2. Using a work breakdown structure
3. Implementing corrective actions
4. Setting up a project control system 3

Q3. You have a choice of four ongoing projects that you can take over as project manager. Project 1 has a benefit cost ratio (BCR) of 1.4, is a high priority project and has a critical path length of 16 months. Its cost performance index (CPI) is 1.2. Project 2 has a schedule performance index (SPI) of 1.1, is using three critical resources, has a low priority, and has a BCR of 1.1. Project 3 has a CPI of 1.2, an SPI of 0.89, a BCR of 1.6, and a critical path length of 19 months. Project 4 has a CPI of 0.82, an activity with 33 days of float, a hard-to-get resource assigned to activity L, and a priority of keeping cost low. Based on the above, which project would you prefer to take over?

1. Project 1
2. Project 2
3. Project 3
4. Project 4

Q4. A control chart indicates the last 12 weights produced were outside the upper control limit. What should the project manager do?

1. Stop production
2. Work to better meet ISO 9000 standards
3. Look for the non-random causes for the variations
4. Plan to rework the 12 weights

Q5. In which of the following contract types does the buyer have the most cost risk?

1. Fixed price incentive fee (FPIF)
2. Time and material (T&M)
3. Cost plus award fee (CPAF)
4. Cost plus percentage of costs (CPPC)

Q6. All of the questions are common outputs of risk management EXCEPT:

1. Contract terms and conditions
2. A risk response plan
3. Schedule reserves
4. An approved project management plan.

Q7. Which of the following information about the project would NEVER be available during project planning?

1. Cost performance index
2. Benefit cost ratio
3. Internal rate of return
4. Budget at completion

Q8. A project post-mortem is an activity, usually performed at the project’s conclusion, to determine and analyze a project’s outcome which also includes a lessons-learned gathering exercise. Project post-mortems help to mitigate future risks and are often a key component of, and ongoing precursor to, effective risk management. Which of the following is a terrible mistake when collecting lessons learned?

1. Documenting both the success stories and the failed attempts
2. Calculating project’s final statistics
3. Focusing purely on the negatives and analyzing failures
4. Conducting a comprehensive performance review

Q9. A project management plan should be realistic in order to be used to manage the project. Which o the following is the BEST method to achieve a realistic project management plan?

1. The sponsor creates the project management plan based on input from the project manager
2. The functional manager creates the project management plan based on input from the project manager
3. The project manager creates the project management plan based on input from senior management
4. The project manager creates the project management plan based on input from the team.

Q10. Julia is managing a water treatment plant construction project. A new government has recently been sworn in. During the election campaign, the winning candidate made a number of commitments regarding environmental control reforms. Julia is not sure how the new government and its future policies might affect her project. This is an example of:

1. Variability risk
2. Mitigated risk
3. Ambiguity risk
4. Opportunity risk