Project Management Question Bank
for Exam preparation

Project Management- Q2. A project manager discovers hat a work package has been completed for substantially less cost than planned. Which of the following is NOT among the first things to consider doing?

1. Make sure all project processes were followed.
2. Make sure the right resources were used
3. Make sure all the work was done
4. Identify ways to increase the result.

Project Management- Q3. Administrative closure involves all the activities in a step-by-step manner to satisfy various completion and exit criteria for the project. This is part of which Project Management Knowledge Area?

1. Project Communications Management
2. Project Scope Management
3. Project Integration Management
4. Project Procurement Management

Project Management- Q4. Which of the following BEST describes when a project baseline should be changed?

1. When a major delay occurs
2. When an official change is made
3. When a cost increase occurs
4. Changes should never be made to the baseline

Project Management- Q5. A project is contracted on a Cost-Plus-Incentive-Fee (CPIF) basis. The contract states that if the final costs are less than expected costs, the sharing formula for cost savings is 80:20. The targeted cost is US$500,000 with a 10 percent fee. If the project comes in at US$450,000, what would be the total cost of the contract?

1. US$495,000
2. US$510,000
3. US$505,000
4. US$550,000

Project Management- Q6. Who of the following has primary responsibility for establishing design and test specifications?

1. Senior management
2. Procurement
3. Engineering
4. Quality control

Project Management- Q7. Which of the following statements is incorrect?

1. Developing a project team is the responsibility of the project manager.
2. A project manager must not acquire resources needed to develop effective project teams.
3. High team performance can be achieved using open and effective communications.
4. Teamwork is a critical success factor for a project.

Project Management- Q8. “What information needs to be collected when” is part of which of the following?

1. Formal reporting
2. Plan communications
3. Stakeholder management
4. Earned value

Project Management- Q9. Mark is in the middle of a software development project. So far, the project has incurred a total cost of $50,000. If it is determined the project is no longer required, what would we call the cost incurred to date?

1. Opportunity cost
2. Return on investment
3. Breakeven cost
4. Sunk cost

Project Management- Q10. A responsibility assignment matrix shows all of the following EXCEPT:

1. Time.
2. Resources
3. Names.
4. Work packages