Project Management Question Bank
for Exam preparation

Q2. A project manager is working with management to create the project estimate. During the initiating process group, what level of accuracy should the estimate have?

1. +/- 50 percent
2. -10 percent to +25 percent
3. -35 percent to +75 percent
4. -10 percent to +10 percent

Q3. Senior management has imposed a project delivery date prior to acceptance of the project scope statement. To whom is the project manager MOST accountable?

1. Project sponsor
2. Project team
3. Customer
4. Senior management

Q4. During the executing process group, a functional manager asks you to use a model C generator instead of model B on your project. The functional manager says that model C will solve the needs of the project and provide some benefits to the manufacturing department. You look at the cost associated with model C and discover that it is substantially higher than model B. If you are not sure you can justify the more expensive model, what is the BEST thing to do?

1. Review the specifications of each to validate the manager’s claim
2. Analyze the differences in using each model and present them to the sponsor.
3. Use model C and cut other activities to make up for the added cost.
4. Do a life cycle analysis and present the results to your boss.

Q5. Lesley is managing a software development project for the World Climate Control Organization. Since her team members are dispersed across the globe, she would like to set up online conferences in the next two months to let everyone in her project know what is going on and what their roles are within the project. She wants to use these conferences as team development activities to learn and exchange information in the project. To schedule such activities, which of the following should she use to keep track of the availability of team members?

1. Project charter
2. Resource calendars
3. Responsibility assignment matrix
4. Project staff assignments

Q6. What should be done with risks on the watch list?

1. Document them for historical use on other projects.
2. Document them, and then revisit them during project monitoring and controlling
3. Document them, and set them aside because they are already covered in your contingency plans
4. Document them, and given to the customer.

Q7. While working on a project in another country, you are asked to make a “facilitating” payment so the country officials will issue a work order. What should you do?

1. Make the payment
2. Ask the person for proof the payment is required.
3. Seek legal advice on whether such a payment is a bribe
4. Do not pay and see what happens.

Q8. A project manager gets a report from the risk response owner that a risk did not occur. The project manager should then:

1. Update the risk response plan in the risk register.
2. Update the network diagram.
3. Decrease some project reserves.
4. Change all future risk response strategies.

Q9. During the Plan Risk Management process your team has come up with 434 risks and 16 major causes of those risks. The project is the last of a series of project which the team has worked on together. The sponsor is very supportive and a lot of time was invested in making sure he project was completed and signed off by all key stakeholders. During project planning, the team cannot come up with an effective way to mitigate or insure against a risk. It is not work that can be outsourced, nor can it be deleted. What would be the BEST solution?

1. Accept the risk.
2. Continue to investigate ways to mitigate the risk.
3. Look for ways to avoid the risk.
4. Look for ways to transfer the risk.

Q10. During the course of the project, the project management team developed a forecast for the estimate at completion (EAC) based on the project performance. Which of the following statements about EAC is correct?

1. The EAC forecast based on the Bottom-up estimate to complete (ETC) requires a new estimate.
2. The EAC forecast is best estimated using the estimate to complete (ETC) work performed considering both SPI and CPI factors.
3. The EAC forecast is best estimated using the estimate to complete (ETC) work performed at the present CPI.
4. The EAC forecast is best estimated using the estimate to complete (ETC) work performed at the budgeted rate.