Project Management Question Bank
for Exam preparation

Q2. Team member are investigating quality standards that other companies are using, in order to help determine what quality standards to use on the project. What part of quality management is the team involved in?

1. Quality execution
2. Perform Quality Control
3. Manage Quality
4. Plan Quality

Q3. To demonstrate your product, you develop a small functional model of your real product and show to your stakeholders to get their feedback. This model is known as:

1. Simulation
2. Sampling
3. Prototype
4. None of the above

Q4. The WBS, estimates for each work packages, and the network diagram are completed. Which of the following would be the NEXT thing for the project manager to do?

1. Sequence the activities
2. Verify that they have the correct scope
3. Create a preliminary schedule and get the team’s approval
4. Complete risk management

Q5. A project manager for a large international bank has a project team that just implemented an electronic funds project involving four large vendors. The project manager struggled through every part of the procurement process since the bank had a weak internal procurement department. What would be the MOST appropriate thing to do to ensure the problems are resolved for future projects?

1. Document all of the issues in a memo, and schedule a meeting with the head of the procurement office.
2. Include a agenda item in the project closedown to discuss these issues in a non-threatening manner
3. Address this through contract change control.
4. Conduct a procurement audit.

Q6. Eric, a project manager, is a certified PMP. He is responding to an RFP from a buyer and needs to fill in details on his company’s financial performance. His company has performed poorly during the current quarter, and the results will be published in two to three days. However, the company has done very well in the previous quarters. The RFP is due in 10 days, and all the information in the RFP is complete except the financial information. What should Eric do?

1. Eric should fill in the information for the previous quarter and ignore the current quarter. This is an aberration, and the company will eventually come out of the bad patch.
2. Eric should present the previous quarter's results as the latest results. This will give his company a better chance to win the project.
3. Eric should fill in the financial information for the previous quarter and send out the RFP response before the current quarter results are published.
4. Eric should wait until the current results are out and update the latest financial information before sending out the RFP response.

Q7. You have always been asked by your management to cut your project estimate by 10 percent after you have given it to them. The scope of your new project is unclear and there are over 30 stakeholders. Management expects a 25 percent reduction in downtime as a result of the project. Which of the following is the BEST course of action in this situation?

1. Re-plan to achieve a 35 percent improvement in downtime
2. Reduce the estimates and note the changes in the risk response plan
3. Provide an accurate estimate of the actual costs and be able to support your estimate
4. Meet with the team to identify where you can find 10 percent savings.

Q8. Near the end of your last project, additional requirements were demanded by a group of stakeholders when they learned they would be affected by your project. This became a problem because you had not included the time or cost in the project management plan for these requirements. What is the BEST thing you can do to prevent such a problem on future projects?

1. Review the WBS dictionary more thoroughly, looking for incomplete descriptions.
2. Review the project charter more thoroughly, examining the business case for “holes.”
3. Do a more thorough job of procurement planning.
4. Pay more attention to stakeholder management.

Q9. Robert is managing a road construction project. Due to unseasonal weather conditions, the team productivity might be above or below target. This is an example of:

1. Ambiguity risk
2. Variability risk
3. Mitigated risk
4. Opportunity risk

Q10. During the Plan Risk Management process, assigning ___________ will help you and the project team identify all important risks and work more effectively during the identification process.

1. Risk factors
2. Blame
3. Risk mitigation plans
4. Risk categories