Project Management Question Bank
for Exam preparation

Q2. Your company is purchasing the services of a consultant. You own stock in one of the consulting companies interested in the work. What should you do?

1. Work hard to get the consulting company selected for the project.
2. Tell your manager and remove yourself from the selection committee.
3. Tell the people from the consulting company that you hope they get the work.
4. Keep the information to yourself.

Q3. Tom is managing a software development project. The buyer of the product is an external entity. During the project’s execution, Tom finds that a new operations manager was hired in the customer organization. The new manager is now a key stakeholder. Which of the following documents is least likely to be updated because of the addition of this new stakeholder?

1. Stakeholder register
2. Risk register
3. Stakeholder engagement plan
4. Issue log

Q4. A project manager is worried about the costs on the project. There is a lot of rework, and scrap and inventory costs are rising. If you were a mentor to this project manager, what is the BEST advice you could offer?

1. Such effects are the nature of the project and not to worry
2. Improve quality training and throw a milestone party
3. Look at sunk costs
4. Look at marginal costs.

Q5. Which option is not representative of the inputs, tools and techniques, and outputs of the Direct and Manage Project Work process?

1. PMIS, Project Management Plan, and Deliverables
2. Deliverables, Approved Change Requests, and Project Management Information System
3. Approved Change Requests, Validated Changes, and PMIS
4. Approved Change Requests, Project Management Plan, and Work Performance Data

Q6. A project team budgeted US $3,000 for the work performed and has spent US $4,000, to date. If they budgeted US $5,000 for the work scheduled, what is the cost variance (CV)?

1. ($1,000)
2. $2,000
3. $1,000
4. ($2,000)

Q7. The project is mostly complete. The project has a schedule variance of 300 and a cost variance of -900. All but one of the quality control inspections have been completed and all have met the quality requirements. All items in the issue log have been resolved. Many of the resources have been released. The sponsor is about to call a meeting to obtain product verification when the customer notifies the project manager that they want to make a major change to the scope. The project manager should:

1. Meet with the project team to determine if this change can be made.
2. Ask the customer for a description of the change
3. Explain that the change cannot be made at this point in the process
4. Inform management

Q8. You have identified a risk that at a certain point in your project you may need extra quantities of a consumable which you thought of earlier. The chance of this event occurring is 20% and if it occurs it will cost you 150 USD. So, you develop a contingency plan for this risk and assign a risk owner. What kind of risk response strategy is this?

1. Transfer
2. Avoid
3. Mitigation
4. Accept

Q9. Due to corporate restructuring, the project sponsor, a major stakeholder, and the CEO have level the company. The project manager’s project is past the halfway point and the remaining members of the management team have been lukewarm toward the project. The new CEO does not place a high value on project management methodology, and the project team is nervous about its future. Under these circumstances, what is the project manager’s primary responsibility?

1. Try to determine if the tea should continue to work on the project.
2. Ensure that a conflict of interest does not compromise the legitimate interests of the customer.
3. Interact with others in a professional manner while completing the project.
4. Provide accurate and truthful representations in all project reports.

Q10. Who of the following has primary responsibility for establishing design and test specifications?

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