Project Management Question Bank
for Exam preparation

Q2. You are building a mansion that will have copper roofs. The duration of the project will be approximately three years. You have built into the contract that, as the price of copper increases, your price increases as a percentage of the cost of the copper. However, all other costs are fixed. This is an example of what type of contract?

1. Fixed Price with Economic Price Adjustment
2. Fixed Price Incentive Fee
3. Unit Price
4. Time and Materials

Q3. Which of the following BEST describes how a work breakdown structure can be used to determine resources?

1. The WBS breaks the project into one-person activities
2. The small work packages that the WBS provides make it easier to determine what expertise is needed.
3. It lists the names of the resources to be used.
4. It enables management to list the resource hierarchy.

Q4. Change requests are an output of which processes?

1. Manage Project Team and Report Performance
2. Manage Stakeholder Expectation and Determine Budget
3. Define Scope and Plan Communications
4. Plan Procurements and Perform Qualitative Risk Analysis.

Q5. Skills such as empathy, influence, creativity, and group encouragement are valuable assets when managing the project team. These skills are often referred to as ______________.

1. Effort-based management
2. Feedback-based skills
3. Ad hoc skills
4. Soft skills

Q6. A new project manager has just taken over a project that is 50 percent complete. As part of the hand-over process, the outgoing project manager provided the new project manager with a list of stakeholders that needed to be managed. The list had been compiled at the start of the project. Which of the following is true about stakeholders?

1. Stakeholder identification is usually performed when there are problems with the project
2. Stakeholder identification needs to happen at the start of each new phase of a project
3. Stakeholder identification is a continuous process and needs to happen all through the project
4. Stakeholder identification needs to happen at the start of the project

Q7. 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.

Q8. During the executing process group of the project, a team member identifies a new risk. What should occur in light of this identification?

1. Include it in the risk triggers
2. Test its assumptions
3. Add it to the risk management plan
4. Assess this risk.

Q9. All of the following are tools used in the Validate Scope process EXCEPT:

1. Product reviews
2. Audits
3. Walkthroughs
4. Sensitivity analysis

Q10. In adaptive lifecycles, such as the agile approach for product development, requirements are documented as user stories that are then __________ just prior to construction.

1. Analyzed and curtailed
2. Benchmarked and standardized
3. Prioritized and refined
4. Examined and outsourced