Project Management Question Bank
for Exam preparation

Q2. What is the duration of the near-critical path based on the chart?

1. 33
2. 44
3. 31
4. 43

Q3. Your company is purchasing the services of a consultant. You own stock in one of the consulting companies interested in the work. What should you do?

1. Work hard to get the consulting company selected for the project.
2. Tell your manager and remove yourself from the selection committee.
3. Tell the people from the consulting company that you hope they get the work.
4. Keep the information to yourself.

Q4. Which of the following is the LEAST effective way to influence the factors that create changes to the cost baseline?

1. Review the project scope with the functional manager responsible for the greatest number of requested changes.
2. Explain to those requesting changes the negative impact of change to the project.
3. Eliminate the scope causing the most changes
4. Notify all stakeholders that no more changes will be allowed.

Q5. The project manager controls the interfacing and overlapping areas of the organization’s procurement processes, along with the project schedule, with processes from this area:

1. Project Resource Management
2. Project Scope Management
3. Project Risk Management
4. Project Integration Management

Q6. The customer responsible for overseeing your project asks you to provide a written cost estimate that is 30 percent higher than your estimate of the project’s cost. He explains that the budgeting process requires manager to estimate pessimistically to ensure enough money is allocated for projects. What is the BEST way to handle this?

1. Add the 30 percent as a lump sum contingency fund to handle project risks
2. Add the 30 percent to your cost estimate by spreading it evenly across all project activities
3. Create one cost baseline for budget allocation and a second one for the actual project management plan.
4. Ask for information on risks that would cause your estimate to be low.

Q7. During project executing, the project manager is spending a lot of time solving problems that arise. It would be BETTER for the project manager to transfer his efforts to:

1. Having the team solve the problems, thus freeing his time to hold more meetings
2. Executing the project management plan and making sure the quality management plan is viable.
3. Identifying additional risks and following the risk management process
4. Performing sensitivity analysis on past problems and transferring them to other projects.

Q8. If a project manager wants to examine the project results over time to see if performance is improving, she would use a:

1. Trend report.
2. Forecasting report.
3. Status report.
4. Variance report.

Q9. While creating the agenda for a status meeting with the team, a project manager receives input from one team member that an item should be added. Another team member says the team is not ready to resolve the item during the meeting. After much discussion, the project manager decides to put the item on the agenda as an initial discussion item only. Which conflict resolution technique is the project manager using?

1. Compromise
2. Smoothing
3. Forcing
4. Withdrawal.

Q10. The Actual Cost (AC) is the total cost actually incurred and recorded in accomplishing work performed for an activity or work breakdown structure component. What is the upper limit for the AC?

1. 50 percent over and above the Planned Value (PV)
2. The Actual Cost (AC) is limited to the Planned Value (PV).
3. 100 percent over and above the Planned Value (PV)
4. There is no upper limit for the Actual Cost (AC).