Project Management Question Bank
for Exam preparation

Q2. Projects, portfolios, and programs are different entities in an organization. Which of the following choices states a correct relationship between them?

1. A portfolio consists of a collection of projects or programs that are grouped together to achieve strategic business objectives. The projects or programs need not be directly related.
2. A project is a collection of programs and portfolios that are grouped together to achieve the project objectives.
3. A program consists of a collection of projects or portfolios that are grouped together to achieve strategic business objectives.
4. A program is a collection of projects that are grouped together for convenience. It may include unrelated work if the work is under the same business division.

Q3. All of the following are factors in the assessment of project risk EXCEPT:

1. Risk event
2. Risk probability
3. Amount at stake
4. Insurance premiums.

Q4. Your company wants to get ISO 9001 certified. Therefore, they call some experts from a lead consultancy to come and certify the company as ISO 9001. These experts come and review your documents and verify each and every detail. What process is this?

1. Manage quality
2. Quality control
3. Inspection
4. None of the above

Q5. Your new project to outsource work has been going badly. The project deliverables have changed three times, the functional managers keep removing people from the team, and the project schedule baseline has been adjusted four times in the first week. This is MOST likely due to the lack of:

1. A staffing management plan
2. A signed project charter
3. Clear direction from the sponsor
4. A scope management plan

Q6. The project is mostly complete. The project has a schedule variance of 300 and a cost variance of -900. All but one of the quality control inspections have been completed and all have met the quality requirements. All items in the issue log have been resolved. Many of the resources have been released. The sponsor is about to call a meeting to obtain product verification when the customer notifies the project manager that they want to make a major change to the scope. The project manager should:

1. Meet with the project team to determine if this change can be made.
2. Ask the customer for a description of the change
3. Explain that the change cannot be made at this point in the process
4. Inform management

Q7. You are sitting in a group discussion with 13 stakeholders and collecting ideas. Now you are in the final stage and are selecting the final idea. As there are many ideas, you decide to vote. After voting you see that a particular idea receives 7 votes, so you go with that option. What kind of decision making is this?

1. Unanimity
2. Majority
3. Plurality
4. Dictatorship

Q8. As the project manager, you are about to start the define scope process. You have the project charter and the organizational process assets list. Because there are no change requests in your project at this point, what must you have before you begin?

1. Product analysis
2. Requirements documentation
3. Updates to project documents
4. WBS

Q9. Which of the following estimating techniques will cost less but is also typically less accurate?

1. Parametric Estimating
2. Analogous Estimating
3. Resource Cost-based Estimating
4. Bottom-up Estimating

Q10. A stakeholder's mental picture or belief about the future is:

1. A Requirement.
2. A Heuristic.
3. An Expectation.
4. A Constraint.