Project Management Question Bank
for Exam preparation

Project Management- Q2. Many project managers have seen a graph that shows “Influence of Stakeholders” starting out high and declining as the project progresses. In contrast, it also shows the “Cost of Changes” starting out low and increasing as the project progresses. What is the key insight a project manager should gain from this graph?

1. Stakeholder influence is not important at the end of the project.
2. Make changes as early in the project as possible.
3. Set aside money for expected changes at the end of the project.
4. Place the project on hold until all changes are made.

Project Management- Q3. You are a project manager working on a project that requires 100 items to be tested, spaced evenly over five weeks. You have just begun week three, with an overall budget of US $10,000. To date, you have spent US $2,000 with 40 items tested successfully. What does the cost variance (CV) tell you in this circumstance?

1. The project is proceeding at 100 percent of the expected rate.
2. The project is $2,000 under budget
3. The project is on budget
4. The project is getting $2 of work for every dollar spent.

Project Management- Q4. A project to design and build a new aircraft is cancelled after the project has been underway for some time. What process is employed to document what work was done and to what extent it was completed?

1. Validate Scope
2. Control Scope
3. Control Quality
4. Close Project or Phase

Project Management- Q5. You have a project with a budget of 100,000 USD. The duration of the project is 20 months, and the work is evenly distributed throughout the duration. After 10 months, you review the project’s progress and you find that 55% of the work is completed and 65,000 USD has been spent. Based on the above information, you come to the conclusion that:

1. The project is behind schedule
2. The project is ahead of schedule
3. The project is under budget
4. Not enough information

Project Management- Q6. Work on a project is ongoing when the project manager overhears two workers arguing over what a set of instructions means. The project manager investigates and discovers that the instructions for the construction of the concrete footings currently being poured were poorly translated between the different languages in use on the project. Which of the following is the BEST thing for the project manager to do FIRST?

1. Get the instructions translated by a more experienced party.
2. Look for quality impacts o the poor translation of the instructions for the footings.
3. Bring the issue to the attention of the team, and ask them to look for other translation problems.
4. Inform the sponsor of the problem in the next project report.

Project Management- Q7. Recommended corrective actions result from which of the following?

1. Cost aggregation
2. Bottom-up estimating
3. Reserve analysis
4. Control costs.

Project Management- Q8. There have been many work packages completed successfully on the project, and the sponsor has made some recommendations for improvements. The project is on schedule to meet an aggressive deadline when the successor activity to a critical path activity suffers a major setback. The activity has 14 days of float and is being completed by four people. There are two other team members with the skill set to assist the troubled activity, if needed. The project manager receives a call that three other team members are attempting to be removed from the project because they do not feel the project can be successful. When the project manager pursues this, he discovers that those team members have issues that have not been addressed. Which of the following is the BEST thing to do to improve the project?

1. Have the team members immediately assist the troubled activity.
2. Investigate why the project schedule is aggressive.
3. See who can replace the three team members.
4. Create an issue log.

Project Management- Q9. In which of the following contract types does the buyer have the most cost risk?

1. Fixed price incentive fee (FPIF)
2. Time and material (T&M)
3. Cost plus award fee (CPAF)
4. Cost plus percentage of costs (CPPC)

Project Management- Q10. Sandra is managing a software development project. The project has many stakeholders having a negative attitude toward the project. Sandra knows she can’t keep everybody happy but still can try her best to manage them. Which of the following can help Sandra manage these negative stakeholders better?

1. Ignore them
2. Send them project updates
3. Engage them in project decisions
4. Send inaccurate project reports