Project Management Question Bank
for Exam preparation

Q2. A project manager’s scope management efforts are being audited. The cost performance index (CPI) on the project is 1.13, and the benefit cost ratio (BCR) is 1.2. The project scope was created by the team and stakeholders. Requirements on the project have been changing throughout the project. No matter what the project manager has tried to accomplish in managing the project, which of the following is he MOST likely to face in the future?

1. Having to cut costs on the project and increase benefits.
2. Making sure the customer approved the project scope
3. Not being able to measure completion of the product of the project.
4. Having to add resources to the project.

Q3. The cost of running a project management office is an example of what type of cost?

1. Reimbursable
2. Fixed
3. Direct
4. Indirect

Q4. Allocating ownership of a risk to a third party who is best able to capture the opportunity is an example of ________ the risk.

1. Sharing
2. Enhancing
3. Exploiting
4. Accepting

Q5. The Project Charter defines the high level scope and objectives of a project. Which of the following is not a correct statement about inputs to the Project Charter?

1. Government or industry standards cannot be used as an input to develop a project charter.
2. The project's business case is an input to the Develop Project Charter process.
3. Organizational process assets are input to the Develop Project Charter process.
4. When projects are executed for external customers, a contract or an agreement is used as an input to the charter.

Q6. Which of the following statements is correct:

1. Project lifecycles and product lifecycles are interdependent.
2. Project lifecycles are independent of product lifecycles.
3. A product lifecycle is the same as a project lifecycle.
4. The last lifecycle for a project is generally the product's retirement.

Q7. If you want to reduce the number of quality inspections and reduce the cost of quality control for your project, which technique should you use?

1. Run Chart
2. Defect Repair Review
3. Statistical Sampling
4. Pareto Chart

Q8. During project planning in a matrix organization, the project manager determines that additional human resources are needed. From whom would he request these resources?

1. The project manager
2. The functional manager
3. The team
4. The project sponsor.

Q9. Which of the following defines things the project manager needs to do regarding cost?

1. Never just accept constraints from management, periodically recalculate the estimate to complete, meet any agreed-upon estimates
2. Meet any agreed-upon estimates, estimate larger-sized work components, accept constraints from management
3. Periodically recalculate the estimate to complete, increase estimates by eliminating risks, re-estimate when changes are requested
4. Never recalculate the estimate to complete, never just accept constraints from management, and only use historical records for accurate estimates.

Q10. Lag means:

1. The amount of time an activity can be delayed without delaying the project finish date
2. The amount of time an activity can be delayed without delaying the early start date of its successor.
3. Waiting time
4. The product of a forward and backward pass