Project Management Question Bank
for Exam preparation

Q2. The difference between the cost baseline and the cost budget can be BEST described as:

1. The management reserve.
2. The contingency reserve.
3. The project cost estimate
4. The cost account.

Q3. 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

Q4. Teams go through various stages of development. According to the Tuckman ladder of development, the stage during which the least amount of work gets done is usually the:

1. Storming phase
2. Forming phase
3. Norming phase
4. Performing phase

Q5. A project has seven activities: A, B, C, D, E, F, and G. Activities A, B, and D can start anytime. Activity A takes 3 weeks, activity B takes 5 weeks, and Activity D takes 11 weeks. Activities A and B must be completed before Activity C can start. Activity C requires 6 weeks to complete. Activities B, C, and D must be completed before Activity E can start. Activity E requires 2 weeks. Activity F takes 4 weeks and can start as soon as activity C is completed. Activity E must be completed before activity G starts. Activity G requires 3 weeks. Activities F and G must be completed for the project to be completed. What is the critical path?

1. Start A, C, F, End
2. Start B, C, E, G, End
3. Start D, E, G, End
4. Both Start –B—C—E—G—End and Start –D—E—G—End

Q6. The client demands changes to the product specification that will add only two weeks to the critical path. Which of the following is the BEST thing for the project manager to do?

1. Compress the schedule to recover the two weeks
2. Cut scope to recover the two weeks
3. Consult with the sponsor about options
4. Advise the client of the impact of the change

Q7. A functional manager in your organization has recently filed a complaint against a junior project manager regarding his project management certification. The functional manager claims that the PMP certification claimed by the junior project manager is invalid and needs to be checked. What should be your response as a senior project manager?

1. Report to PMI
2. Suspend the junior project manager
3. Ask your project manager to provide evidence for his/her PMP certification
4. Ask your functional manager to provide evidence for his argument

Q8. Management is sending a team of experts for a risk audit. You inform management that you have already completed the risk review process and did not find any shortcomings, so there is no need for a risk audit. However, management is firm on their decision. Which of the following is true about the risk audit and risk review?

1. A risk audit is performed to see the effectiveness of a risk response plan
2. A risk audit is performed to see if you are following the correct procedures
3. A risk review is performed to see if you are following the correct procedures
4. Both are the same but an audit is done by external experts and a review is done internally

Q9. All of the following are parts of the project initiating processes EXCEPT:

1. Develop product acceptance criteria
2. Determine project boundaries
3. Develop project objectives
4. Develop performance measurement baselines

Q10. As a project manager, you are responsible for determining and delivering the required levels of both grade and quality. Select which of the following statements you disagree with.

1. Grade relates to the product's characteristics.
2. Grade relates to the customer requirements.
3. Quality relates to the customer requirements.
4. Quality and grade of a product must be carefully managed.