Project Management Question Bank
for Exam preparation

Q2. 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

Q3. What is the difference between expected monetary value and net present value?

1. Expected value is the estimated value of the work actually accomplished and net present value is the value of the work to be done.
2. Expected value is the value it takes to recover your investment and net present value is the value of money.
3. Expected value is the probability times impact of an opportunity and net present value is the benefits less costs over many time periods.
4. Expected value is the estimated value of risk response plans and net present value helps determine the value of investments.

Q4. You are using an analytic tool to find the strengths and weaknesses of alternatives to determine the best option in terms of benefits provided. What tool is this?

1. SWOT analysis
2. Prototype
3. Benchmarking
4. Cost benefit analysis

Q5. In regards to WBS, which of the following is the correct way to decompose the project scope?

1. Total scope -> planning package -> control account -> work package
2. Total scope -> control account -> work package -> planning package
3. Total scope -> control account -> planning package -> work package
4. Total scope -> Work package -> control account -> planning package

Q6. 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.

Q7. The project has been going well, except for the number of changes being made. The product of the project is being installed into seven different departments within the company and will greatly improve departmental performance when operational. The team has selected the appropriate processes for use on the project. The project manager is a technical expert as well as having been trained in communications and managing people. Which of the following is the MOST likely cause of the project problems?

1. The project manager was not trained in understanding the company environment.
2. The project should have more management oversight since it will result in such great benefits to the company.
3. The project should have used more of the project management processes.
4. Some stakeholders were not identified.

Q8. You are over budget and it is impossible to complete the project with the given budget. Therefore, you raise the change request which management approves. After the change request is approved, you update the cost baseline and update other project documents. The document used to register any changes which occur during the project execution is known as:

1. Risk register
2. Issue log
3. Change log
4. RACI matrix

Q9. Which of the following is a TRUE statement about a risk rating matrix?

1. It should be changed for every product
2. It should never be used on a large project
3. It should be standardized between projects
4. It should be developed by the project manager.

Q10. A control chart helps the project manager to:

1. Focus on the most critical issues to improve quality.
2. Focus on stimulating thinking.
3. Explore a desired future outcome.
4. Determine if a process is functioning within set limits.