Project Management Question Bank
for Exam preparation

Q2. A project manager is unsure of how much cost reserve to add to the project. There is a 50 percent chance of a weather delay causing an impact of US $100,000 and a 30 percent chance of a delay in the testing center with a US $20,000 impact. How much should the cost reserve be?

1. Less than $50,000
2. More than $120,000
3. Less than $20,000
4. More than $56,000

Q3. Julia is a longtime employee of your organization and is given to you for your new project. She was very good in her previous position but you notice that she is not performing well with the assignment you have given her. After further investigation, you learn that she is lacking skills to complete the job assigned to her. What will your next step be?

1. Terminate them
2. Monitor them
3. Develop a training program for them
4. Recruit some new member

Q4. You have completed your project to construct a railway bridge. The project is in the closing phase and you are now archiving various documents such as the stakeholder register, risk register, project calendar, etc. All these documents are part of:

1. Project closure documents
2. Historical information
3. Project files
4. Enterprise environmental factors

Q5. One key characteristic of adaptive lifecycles, such as the agile approach for product development, is that product features are developed using:

1. Sandwiched periods of effort
2. Squeezed periods of zero-error sprints
3. Reverse engineered products
4. Time-boxed periods of work

Q6. The sponsor has asked you to require that each piece of the project scope be planned, estimated, and scheduled. The sponsor also wants to authorize each piece of the project management plan after the documentation is assembled. What is the MOST appropriate response to these requests?

1. Politely advise the sponsor to forego the authorization of work.
2. Provide the sponsor with a schedule of when the components will be ready for authorization
3. Ask the sponsor to authorize each piece before it is completed
4. Tell the sponsor that the chance for authorization will come after the pieces of the project management plan are compiled

Q7. The approximate resource costs necessary for completing project activities are compiled during which project management process?

1. Cost Reserve Analysis
2. Estimate Costs
3. Cost aggregation
4. Forecasting.

Q8. Which of the following enterprise environmental factors is not applicable to the Plan Resource Management process?

1. Organizational culture and structure
2. Existing resources, capabilities and competencies
3. Marketplace conditions
4. Lessons learned

Q9. A project manager is working with quality professionals in the Manage Quality process of the project. Which of the following activities is being performed?

1. Perform Quality Control
2. Determining if the right processes are being used
3. Determining what processes should be used.
4. Evaluating quality against the processes

Q10. Which of the following is true about risks?

1. The risk register documents all the identified risks in detail.
2. Risk impact should be considered, but probability of occurrence is not important.
3. Risks always have negative impact and not positive.
4. Risk Response Plan is another name for Risk Management Plan.