Project Management Question Bank
for Exam preparation

Q2. You are a risk manager of a project and the project manager has given you the responsibility of developing the risk management plan. So, you start collecting the risks and then you categorize them based on their impact on the project objectives. Afterward, you analyze them and develop the risk response plan for positive risks and negative risks. After developing these response plans, what will your next step be?

1. Develop the risk response plan for neutral risks
2. Update the project management plan
3. Assign the risk action owner to each risk
4. Change the critical path to reflect the risk impact

Q3. You have just been assigned as the project manager for a sizeable engineering project, and you want to quickly review the project project’s procedures for managing risk. What would be the MOST helpful in finding this information?

1. A risk identification plan.
2. A risk management plan.
3. Environmental process assets.
4. A risk impact matrix.

Q4. During the status review with your stakeholders, one of the stakeholders told you that they were not asked for their opinion, and now they need a change in the product characteristics. This change may lead to a change in your cost and schedule baseline. Which of the following processes could have helped you prevent this issue?

1. Collect requirements
2. Control scope
3. Identify risks
4. Scope creep

Q5. If the project's current total earned value (EV) is $100,000 and the actual amount spent (AC) is $95,000, what is the cost variance of the project?

1. The cost variance is $1.05
2. The cost variance is $5,000
3. The cost variance is $0.95
4. The cost variance is $-5,000

Q6. Nancy’s project is 80 percent complete. Which of the following project documents is least likely to be updated during the Monitor Stakeholder Engagement process performed at this stage?

1. Project charter
2. Risk register
3. Stakeholder register
4. Issue log

Q7. A team of seven people adds two more people to the team. How many communication channels are there now?

1. 9
2. 36
3. 18
4. 81

Q8. Senior management is complaining that they are not able to easily determine the status of ongoing projects in the organization. Which of the following types of reports would help provide summary information to senior management?

1. Detailed cost estimates
2. Project management plans
3. Bar charts
4. Milestone reports

Q9. A project manager is trying to manage a complex project at a 6 sigma level with 5 people. The project manager decides to use a trend report because it will help him:

1. Evaluate earned value.
2. Examine project results over time
3. Analyze the level of project complexity.
4. Determine the level of quality.

Q10. Where would you find a detailed list and description of specific project assumptions associated with the project?

1. Project charter
2. Project scope statement
3. Project configuration document
4. Change management plan