Project Management Question Bank
for Exam preparation

Q2. The probability and impact matrix helps you rank risks so you can develop your risk management plan accordingly. Which statement is true about the probability and impact matrix?

1. It includes high-grade risks with its impact
2. It includes low-grade risks with its impact
3. Here the definition of probability and impact is decided
4. A grid showing probability and impact of the risk

Q3. The project manager has just received a change from the customer that does not affect the project schedule and is easy to complete. What should the project manager do FIRST?

1. Make the change happen as soon as possible.
2. Contact the project sponsor for permission.
3. Go to the change control board.
4. Evaluate the impacts on other project constraints.

Q4. Based on the chart that shows activities on the critical path, which activity(s) would you crash to save exactly four weeks?

1. Activity F
2. Activities A and E
3. Activities C and E
4. Activities A and C

Q5. In order to keep costs low, a project management team decided to apply statistical sampling while inspecting some of the work products. They decided to select 10 out of 50 engineering drawings for inspection. During which process should the sample be collected?

1. Collect Requirements
2. Control Quality
3. Plan Quality Management
4. Manage Quality

Q6. A software development project has been suffering through many major project changes. Because of this, the project manager has not been able to do much but complete change request forms. Which statement BEST describes the other activities the project manager should be doing?

1. Determine that changes have been made and whether the changes are beneficial. List all of them in the scope management plan
2. Determine if a change is needed. Determine whether that change is beneficial; notify stakeholders affected by the change.
3. List all changes in the project charter, notify stakeholders affected by changes and ensure the team signs off on all changes
4. Determine that a change has occurred. Notify all stakeholders affected by the change; list all the changes in the scope management plan

Q7. Lucy is managing a website development project in an agile environment. She wants to create a burndown chart to present the project’s progress to the stakeholders. She adds a diagonal line representing the ideal burndown and a line for daily actual remaining work. She now needs to show the likely variance at the iteration completion. What should she do?

1. Add a forecast trend line to the ideal burndown line
2. Add a correlation line between the daily actual remaining work and the ideal burndown
3. Add a forecast trend line to the daily actual remaining work
4. Add a median line between the daily actual remaining work and the ideal burndown

Q8. Funding requirements for a project are usually in incremental amounts that are not continuous. These increments appear as a step function in the graph depicting Cash flow, Cost baseline and Funding. Any gap at the end of the project between the funds allocated and the cost baseline represents:

1. Management reserves
2. Contingency reserves
3. Cost variance
4. Charting error

Q9. The sponsor assigns you to be the project manager of a project that crosses functional lines and is designed to operate a 6 sigma levels. The sponsor has given you cost and schedule requirements. Which of the following would NOT be an appropriate action on your part?

1. Accepting the requirements
2. Evaluating the project risks
3. Creating a detailed estimate
4. Working with the team to come up with a project management plan

Q10. The customer’s expectations for quality are shown on a control chart as the:

1. Mean
2. Specification limits
3. Rule of seven
4. Upper and lower control limits