Project Management Question Bank
for Exam preparation

Q2. Management is sending a team of experts for a risk audit. You inform management that you have already completed the risk review process and did not find any shortcomings, so there is no need for a risk audit. However, management is firm on their decision. Which of the following is true about the risk audit and risk review?

1. A risk audit is performed to see the effectiveness of a risk response plan
2. A risk audit is performed to see if you are following the correct procedures
3. A risk review is performed to see if you are following the correct procedures
4. Both are the same but an audit is done by external experts and a review is done internally

Q3. Scope decomposition involves subdividing the major project deliverables into smaller pieces to:

1. Improve the accuracy of estimates, define a baseline for performance and assist with responsibility assignments.
2. Provide more activities to assign to resources
3. Provide the project duration, provide project control, and assign control charts.
4. Assist in stakeholder assignment to project activities.

Q4. What is a project management information system?

1. A computerized status tracking system
2. A manual status tracking system
3. A method to determine and archive how the project is doing
4. A method to gather, integrate and disseminate what or how the project is doing

Q5. Bill and Jake are two team members in a project. They do not get along well and are constantly involved in verbal conflicts. The project manager understands the characteristics of conflict and the conflict management process and tries to resolve the situation. Which of the following is not a correct statement?

1. Openness resolves conflict
2. Conflict is natural and forces a search for alternatives
3. Conflict is inevitable in a project environment.
4. The project manager is not responsible for conflict management.

Q6. You are working on a project with all the team members located in geographically different areas, and all communication is by email and chat. It is sometimes hard to infer the true meaning of these messages because you cannot see facial expressions or hear tones of voice. This is an example of:

1. Encoding
2. Medium
3. Decoding
4. Noise

Q7. Though it was difficult, the project manager received agreement to the project charter from all four sponsors involved on the project and the US $400,000 project was approved. Now the cost variance for the project is -$500 and the last performance review was positive. Just when the project entered its second phase, a team member on a noncritical path activity announced she was leaving the company. The float of activity L changed from two to four days. Only one unidentified risk has occurred with a minor impact. The last quality review showed that the project has made use of the results of the last design of experiments. Based on this information, what should the project manager do NEXT?

1. Complete closure of the first phase
2. Fast track the project to add more float
3. Review the management plans
4. Investigate additional risks caused by the difficulty with the senior managers.

Q8. You are about to begin negotiations with people from another country. Which of the following should provide guidance on what business practices are allowed and not allowed?

1. The company code of conduct
2. The project charter
3. The scope management plan
4. The negotiation plan

Q9. Which of the following is least likely to be a project?

1. Regular updates of the company website
2. Responding to a contract solicitation
3. Running a campaign for a political office
4. An endeavor that lasts for 10 years

Q10. 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)