Project Management Question Bank
for Exam preparation

Project Management- Q2. Co-location can help with:

1. Bringing customers together
2. Building a team
3. Decreasing project rental costs
4. Decreasing project time.

Project Management- Q3. A Resource Breakdown Structure (RBS) breaks down the project by type of resources. The RBS is an example of a:

1. Linear chart
2. Matrix chart
3. Flow chart
4. Hierarchical chart

Project Management- Q4. The cost of choosing one project and giving up another is called:

1. Fixed cost
2. Sunk cost
3. Net present value (NPV)
4. Opportunity cost 6

Project Management- Q5. You are managing the project when you discover an estimated completion date will occur after the desired date. What should you do FIRST?

1. Add resources to the project.
2. Evaluate the possibility of doing more activities in parallel.
3. Negotiate for more time
4. Explain to the customer that the project cannot be done on schedule.

Project Management- Q6. A heuristic is BEST described as a:

1. Control tool.
2. Scheduling method
3. Planning tool
4. Rule of thumb

Project Management- Q7. You have signed a contract with the client to provide manpower for 50 USD/hour. Moreover, you will also be reimbursed for any costs incurred, along with a fixed fee of 25,000 USD. What kind of contract is this?

1. FPIF
2. T&M
3. CPAF
4. CPIF

Project Management- Q8. A project manager receives a deliverable from one of the team members to provide to the customer. While looking at the deliverable, the project manager notes that the document is smaller than what he expected and does not contain what he thought it should. The project manager should FIRST:

1. Discuss it with the team member
2. Contact the team member’s manager to get that person additional training
3. Audit the development process
4. Complete scope validation

Project Management- Q9. You are the project manager for Commodities, Inc. You are involved in a new project to create an internal website for the employees that will allow them to view events within the company. All of the following options listed are project constraints except:

1. The project must be completed by December 31 of the current year.
2. There is a budget of $75,000 for the project.
3. The navigation menu for the website must be on the top of the page.
4. Only three employees are available to work on the project.

Project Management- Q10. Your project team is located in different locations. Your schedule is delayed and you’re facing many issues. Which of the following is the best solution to this problem?

1. Give training to team members
2. Warn them to improve performance
3. Co-locate them
4. Review the project management plan