Project Management Question Bank
for Exam preparation

Project Management- Q2. 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.

Project Management- Q3. You have recently joined an organization as the procurements manager. You have just received an invoice from a contractor. Some of the items from the invoice are as follows: EV of work completed to date: $50,000. AC of work completed to date: $40,000. Total costs reimbursed by the buyer to date: $35,000. If the contract between the buyer and the contractor is a CPIF contract, what is the total value payable to this contractor? (Assume that the contract allows for a 10 percent fee over net payable whenever CPI > 1).

1. $500
2. $5,500
3. $44,000
4. $55,000

Project Management- Q4. The Monitor Stakeholder Engagement process helps you increase the effectiveness of stakeholders' engagement with your project. Which of the following is not an output of this process?

1. Change request
2. Project document update
3. Issue log
4. Stakeholder management plan

Project Management- Q5. As the project manager, you are about to start the define scope process. You have the project charter and the organizational process assets list. Because there are no change requests in your project at this point, what must you have before you begin?

1. Product analysis
2. Requirements documentation
3. Updates to project documents
4. WBS

Project Management- Q6. A client has asked you to add to the scope of the project. The project is under budget and a little ahead of schedule. What should you do?

1. Approve the change
2. Determine the effects of the change on the project.
3. Ask the sponsor for approval to make the change
4. Get approval from the configuration change board.

Project Management- Q7. You are reviewing an old project file where you find a document which contains the project description, important requirements, milestones, and project budget. What document is it?

1. Scope statement
2. Project charter
3. Scope baseline
4. Procurement document

Project Management- Q8. Which of the following is an incorrect classification of a feasibility study?

1. A feasibility study may be considered a stand-alone project.
2. A feasibility study may be considered pre-project work.
3. A feasibility study may be considered the first phase of a project.
4. A feasibility study may be considered a program.

Project Management- Q9. The purpose of status meetings is to:

1. Exchanges information about the project.
2. Have team members report on what they are doing.
3. Issue work authorizations.
4. Confirm the accuracy of the costs submitted by the team.

Project Management- Q10. As part of the Risk Response planning for your project, you are trying to come up with a strategy to deal with negative risks or threats. In order to eliminate the impact of a particular risk, you relax the objective that is in jeopardy by extending the project schedule. This is an example of:

1. Transference
2. Mitigation
3. Avoidance
4. Postponement