Project Management Question Bank
for Exam preparation

Q2. Three strategies that typically deal with negative risks or threats are:

1. Enhance, Share, and Accept
2. Transfer, Exploit, and Accept
3. Avoid, Transfer, and Exploit
4. Avoid, Transfer, and Mitigate

Q3. You are a project manager on a $7,000,000 software development project. While working with your project team to develop a network diagram, you notice a series of activities that can be worked in parallel but must finish in a specific sequence. What type of activity sequencing method is required for these activities?

1. Precedence diagramming method
2. Arrow diagramming method
3. Critical path method
4. Operational diagramming method

Q4. A seller entered into a contract with a buyer. At the end of the project, the seller was reimbursed for the cost of the project but received a low fee based on certain subjective criteria that were specified in the contract. What type of contract is this likely to be?

1. Cost Plus Fixed Fee (CPFF) contract
2. Fixed Price Incentive Fee (FPIF) contract
3. Cost Plus Incentive Fee (CPIF) contract
4. Cost Plus Award Fee (CPAF) contract

Q5. You have recently joined a new company as a project manager. While reviewing the procurement plans for a project you will be taking over, you see that the company is considering using one of the most expensive manufacturers to provide certain equipment required for the project. At your previous employer, you had used a different supplier for the same equipment and had paid significantly less. Without telling your boss, you now call that supplier for a quote. Have you violated the rule of keeping proprietary information confidential?

1. Maybe. You need to talk to your boss first.
2. No. There is no harm in sharing the information with your current employer, because you are no longer working for your old employer.
3. Yes. The supply source is proprietary information, and you should not contact the supplier.
4. You have not violated any rule.

Q6. While developing your project schedule, you have asked everyone to provide a list of planned vacations over the next three months, and you have applied this information to the tasks that each person is responsible for. What also needs updating?

1. Resource Calendars
2. Leads
3. Schedule Variances
4. Lags

Q7. Which of the following is an output of the Define Activities process?

1. Milestone list
2. Project schedule activity diagrams
3. Resource calendar
4. Activity duration estimates

Q8. You are new to project management, but you have been managing a small project successfully. Now, management has given you another project to manage, something you are excited about. However, the new project is growing exponentially every day. You have also learned that a project manager you work with managed a similar project last year. What should you do?

1. Wait to see if the scope of the project continues to grow
2. Get the project assigned to the PM who managed the similar project
3. Obtain historical records and get guidance from the project manager
4. Speak to the other project manager to develop your project plans

Q9. All of the following are inputs to the Validate Scope process EXCEPT:

1. Work breakdown structure
2. Project scope statement
3. WBS dictionary
4. Inspection

Q10. During a key stakeholders’ update meeting, George’s project was challenged. The project is currently in the executing phase. One of the key stakeholders claimed the project no longer makes any business sense. What must George do next?

1. Update the issue log and request that the stakeholder provide more details
2. Request the project sponsor to intervene
3. Prematurely terminate the project
4. Redo the business case for the project