Project Management Question Bank
for Exam preparation

Q2. A project manager wants to more extensively involve the stakeholders on the project. Which of the following would be the BEST way to accomplish this?

1. Have the stakeholders periodically review the list of project requirements.
2. Invite the stakeholders to attend project status meetings.
3. Send the status report to the stakeholders.
4. Constantly update the stakeholders on the status of all project changes.

Q3. You have received an urgent call from management and they asked you to find the cost estimate of a new project. Since time is critical and you have to provide them with the cost estimate, which technique will you use to calculate the project cost?

1. Parametric
2. Analogous
3. Bottom up
4. Symmetric estimate

Q4. Though it was difficult, the project manager received agreement to the project charter from all four sponsors involved on the project and the US $400,000 project was approved. Now the cost variance for the project is -$500 and the last performance review was positive. Just when the project entered its second phase, a team member on a noncritical path activity announced she was leaving the company. The float of activity L changed from two to four days. Only one unidentified risk has occurred with a minor impact. The last quality review showed that the project has made use of the results of the last design of experiments. Based on this information, what should the project manager do NEXT?

1. Complete closure of the first phase
2. Fast track the project to add more float
3. Review the management plans
4. Investigate additional risks caused by the difficulty with the senior managers.

Q5. At which stage in a project should the project manager begin to develop effective stakeholder engagement strategies throughout the project lifecycle?

1. Initiating
2. Executing
3. Planning
4. Monitoring and Controlling

Q6. A project manager is meeting with a team member and says, “I know you want to become involved in meetings with the customer. Because of the performance on the project so far, I have rearranged things so you can become involved with the customer.” This is an example of:

1. Team performance assessment.
2. Reward power.
3. Team building
4. Project performance appraisals.

Q7. You have been managing a research project to create genetically modified fruits using genetic engineering techniques. Since many legal issues are involved in this process, you created contingency allowances by using various quantitative analysis methods to account for cost uncertainty. You have just concluded a brainstorming session with your team in the execution phase to monitor risks that have developed in the project over the past few weeks and to establish new risk response plans. What should you do if you want to allocate more contingency reserves to account for new risks?

1. Perform the reserve analysis to compare the amount of contingency reserves remaining to the amount of risk remaining
2. Perform Monte Carlo analysis to compare the amount of contingency reserves remaining to the amount of risk remaining
3. Perform the variance and trend analysis to compare planned results to the actual results
4. Perform the quantitative risk analysis to determine the outstanding risks

Q8. Mary is managing an organizational transformation project. The nature of the project would require responding to high levels of change and would also require continuous stakeholder engagement. Which of the project lifecycles should be chosen for this project?

1. Predictive life cycle
2. Plan-driven life cycle
3. Waterfall life cycle
4. Adaptive life cycle

Q9. You have just completed the design phase for a client’s project and are about to enter the implementation phase. All of the following need to be done EXCEPT:

1. Lessons learned
2. Updating records
3. Formal acceptance
4. Completion of the product of the project.

Q10. A project manager created a resource histogram. On the histogram, some bars extended beyond the maximum available hours. What does this usually signify?

1. This means that the resources on those bars are being underused.
2. This means that a resource optimization strategy needs to be applied.
3. This means the resources are producing outputs at a rate faster than the average rate.
4. This means that resources need to be reduced from the project.