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. A team member notifies the project manager that a quality requirement for the project cannot be met. What is the LEAST effective thing for the project manager to do?

1. Notify management
2. Hold a team meeting
3. Look for alternative ways to meet quality level.
4. Ask management to come up with options.

Q4. Project performance measurements assess the magnitude of variation from the original cost baseline. Once the degree of cost variation is known, what step is performed next?

1. Audit the project team
2. Upgrade the configuration management database with new controls.
3. Replanning
4. Perform root cause analysis of the variance’s cause relative to the cost baseline

Q5. You gave the responsibility of collecting requirements from project stakeholders to four of your team members. After starting the requirements collection process one of your team members left the job and the requirements could not be compiled properly. Initially, you did not notice this, however, during a product review, a few stakeholders told you that some of the features in the products were not requested by them. Therefore, to verify their comments you review the product requirements and identify the issue. This is an example of:

1. Scope creep
2. Scope slippage
3. Gold plating
4. Opportunity

Q6. You are managing a construction project. Your company does not specialize in construction design so you outsourced the construction design to a third party. You are conducting regular procurement performance reviews and are dissatisfied. You want to carry out a detailed audit of the design supplier’s work processes to determine the root cause. Can you do that?

1. Yes, it is a good project management technique advocated by the PMBOK guide.
2. Yes, if there is a provision in the contract allowing work process audits.
3. No, you are only authorized to perform quality audits on the delivered products and not the supplier’s internal work processes.
4. No, a detailed procurement audit cannot be performed until you terminate the contract.

Q7. The fundamental lesson from the Theory of Constraints by Goldratt is:

1. The project’s critical path is limited by the non-critical activities.
2. Managers who choose to lead from the front are more successful.
3. A system's throughput is limited by at least one constraint.
4. Managers who delegate more are more successful.

Q8. 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.

Q9. The project manager is working on a high-profile project where completing the project within budget is critical. The project manager is new, but well trained and is excited to see that the project is spending less than budgeted. As a result, the project manager was planning to take a holiday when a more senior project manager warned him that he has some important work to do on the project. Why would the senior project manager give such a warning on this project?

1. The project manager needs to create a project control system to make sure there are no problems in the future.
2. Under budget could mean that work that was scheduled to e done has not been completed. The project manager should look at how the cost performance compares to the schedule performance
3. A project that is under budget may also have contracts that need to be managed.
4. Team meetings should be scheduled every week and a holiday would mean that one team meeting would have to be cancelled.

Q10. There are numerous ways to share information among project stakeholders. Which of the following is the most efficient communication method?

1. Push communication
2. Interactive communication
3. Pull communication
4. Manual communication