Project Management Question Bank
for Exam preparation

Project Management- Q2. 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

Project Management- Q3. Residual risks are risks that remain after risk response planning. Secondary risks are:

1. Planning risks that are no longer a factor during project executing
2. Discovered during risk identification
3. New risks created by the risk response strategies selected.
4. Lower priority risks not requiring mitigation efforts.

Project Management- Q4. While constructing a new drug manufacturing plan, you discover a leak in a pipe which has released chemicals into the ground. It was difficult to acquire the necessary government approval and community support for the plant, and management has told you to be particularly careful to not upset the community. You are uncertain of whether the chemicals could leak into the groundwater or cause any damage. What should you do?

1. Follow the instructions to avoid upsetting the community and do nothing
2. Start to write articles in the local paper about how poorly treated the local drinking water is.
3. Wherever possible, communicate all the great benefits of the plant to the community.
4. Inform local officials and ask for their help 0

Project Management- Q5. Quality is:

1. Meeting and exceeding the customer’s expectations
2. Adding extras to make the customer happy
3. The degree to which the project meets requirements
4. Conformance to management’s requirements.

Project Management- Q6. Your cost forecast shows that you will have a cost overrun at the end of the project. Which of the following should you do?

1. Eliminate risks in estimates and re-estimate.
2. Meet with the sponsor to find out what work can be done sooner.
3. Cut quality.
4. Decrease scope.

Project Management- Q7. You are the project manager for a $3,000,000 product development project. Your project is well into the executing process group and remains on time, on budget and no specification. This morning your project sponsor called to express concern about he project. Based on the schedule baseline, the project should be nearing implementation, but the sponsor does not know the current status of the project. You remind the sponsor that your team produces a detailed status report weekly and distributes it via e-mail. The sponsor indicates that e-mail is too impersonal and verbal updates are preferred. This situation suggests problems with which of the follow project management processes?

1. Plan Communications
2. Distribute Information
3. Report Performance
4. Stakeholders Management

Project Management- Q8. Lucy is currently preparing a high-level cost estimate for her project in the initiation phase. With the limited detail available to her, what would you expect the range of her estimate to be, and what would you call such an estimate?

1. -25 to +25%, Absolute Cost
2. -5 to +10%, Narrow
3. -1 to +1%, Definitive
4. -25 to +75%, Rough Order of Magnitude

Project Management- Q9. You are planning resources for your project and the team charter has been established. This charter provides a clear guideline of the acceptable behavior of team members. Which of the following is not included?

1. Communication guidelines
2. Decision making criteria
3. Conflict resolution process
4. Motivational processes

Project Management- Q10. Which of the following is not a Risk Diagramming technique?

1. Influence diagrams
2. Control charts
3. Decision trees
4. Tornado diagram