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Project Management Question Bank
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Question:

You are a project manager for your company. Part of the project requires producing 10,000 widgets, which your company will outsource. The company has agreed to pay all related costs and 5 percent of the estimated project costs. What type of contract has been negotiated?
  1. Cost-Plus-Incentive-Fee contract
  2. Cost-Plus-Fixed-Fee contract
  3. Time and Material contract
  4. Fixed-price contract






Q2. You are a project manager who was just assigned to take over a project from another project manager who is leaving the company. The previous project manager tells you that the project is on schedule, but only because he has constantly pushed the team to perform. What is the FIRST thing you should do as the new project manager?

  1. Check risk status
  2. Check cost performance
  3. Determine a management strategy
  4. Tell the team your objectives
Correct Answer

Q3. A RAM diagram shows the relationship between ______________ and _____________ in a tabular format.

  1. Cause and effect
  2. Risks and mitigation plans
  3. Deliverables and costs
  4. Work packages and project team members
Correct Answer

Q4. A project manager is managing a research project. Typically, research projects are not clearly defined and involve a lot of uncertainty. The project has four phases in which a phase can only start when its previous phase is complete. What project lifecycle and phase-to-phase relationship should the project manager use for this project?

  1. Predictive lifecycle with sequential phase to phase relationship
  2. Iterative lifecycle with sequential phase to phase relationship
  3. Predictive lifecycle with overlapping phase to phase relationship
  4. Iterative lifecycle with overlapping phase to phase relationship
Correct Answer

Q5. You are working on a large construction project that is progressing within the baselines. Resource usage has remained steady, and your boss has just awarded you a prize for your performance. One of your team members returns from a meeting with the customer and tells you that the customer is not happy with the project progress. What is the FIRST thing you should do?

  1. Tell your manager
  2. Complete a team building exercise and invite the customer’s representatives
  3. Change the schedule baseline
  4. Meet with the customer to uncover details.
Correct Answer

Q6. Which of the following statements regarding team-building is correct?

  1. Team-building is essential during the middle of a project, and from there it is an ongoing process.
  2. Team-building is essential during the end of a project, and it is a one-time process.
  3. Team-building is essential during the end of a project, but it is an ongoing process.
  4. Team-building is essential during the front end of a project, but it is an ongoing process.
Correct Answer

Q7. According to your project network diagram, the critical path for the project is six weeks. One week into the project, the manager of the project management office informs you that the executive steering committee has moved the project’s finish date to two weeks sooner than your published finish date. Assuming you are on schedule, what is the project float?

  1. Two weeks
  2. Four weeks
  3. Minus four weeks
  4. Minus two weeks 50
Correct Answer

Q8. You are beginning a new project that has been attempted, but unsuccessfully, several times in the past few years. Previous projects were cancelled because e of “politics” (differing views and direction by key stakeholders on the project). This is an example of:

  1. Stakeholder analysis.
  2. Scope management.
  3. Historical information.
  4. Risk identification
Correct Answer

Q9. Which of the following BEST explains why the team needs to approve the final schedule?

  1. To ensure activities can be completed as scheduled
  2. To enhance team buy-in and loyalty
  3. To get a better cost estimate
  4. To improve communications
Correct Answer

Q10. A project has faced major difficulties in the quality of its deliverables. Management now states that quality is the most important project constraint. If another problem with quality were to occur, what would be the BEST thing for the project manager to do?

  1. Fix the problem as soon as possible.
  2. Allow the schedule to slip by cutting cost.
  3. Allow cost to increase by fixing the root cause of the problem.
  4. Allow risk to increase by cutting cost.
Correct Answer










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