Project Management Question Bank
for Exam preparation

Q2. Which of the following information about the project would NEVER be available during project planning?

1. Cost performance index
2. Benefit cost ratio
3. Internal rate of return
4. Budget at completion

Q3. The probabilistic analysis of the project is an input to which part of the risk management plan?

1. Identify Risks
2. Perform Qualitative Risk Analysis
3. Perform Quantitative Risk Analysis
4. Plan Risk Responses.

Q4. You have been assigned a very critical project. Although your team members are experts and efficient, your team performance is poor. What will you do to improve your team performance?

1. Train them
2. Warn them
3. Co-locate them
4. Punish them for poor performance

Q5. Which of the following is part of the integration management process?

1. Monitor and Control Project Work
2. Plan Resource Management
3. Manage Quality
4. Report Performance 2

Q6. Ground rules are established to set clear expectations regarding acceptable behavior by the project team members. Whose responsibility is it to enforce ground rules?

1. The project manager
2. All project team members share the responsibility for enforcing the rules once they are established in the Team Charter
3. The HR team
4. The project manager and senior team members

Q7. During a cost performance review with certain senior officers from the finance department, you discover there are certain inconsistencies in the way cost performance reporting is done, and you obtain data that shows these officers are deliberately misleading senior management. What should you do?

1. Write an anonymous letter to senior management about these activities.
2. Bring this to the notice of senior management even though there are no formal policies in place for whistleblowers.
3. Do nothing but make sure that the data for your project is clean.
4. Do nothing. The corrupt behavior of the finance department officials has nothing to do with your project.

Q8. Projects operating in agile environments where a high degree of uncertainty exists and where the scope is not yet fully defined, may not benefit from detailed cost calculations due to frequent changes. Instead, lightweight estimation methods can be used to generate a fast, high-level forecast of project labor costs, which can then be easily adjusted as changes arise. Detailed estimates are:

1. Reserved for short-term planning horizons in a just-in-time fashion.
2. Never developed in an agile project.
3. Only developed if the project stakeholders allow the project manager to do so.
4. Developed early during the project but are never updated due to frequent changes.

Q9. You are working in a matrix project environment where functional managers have control over the resources. You are well aware that not acquiring the project team soon enough for your project could result in changes to the schedule, cost, and quality. To acquire the project team from functional managers, the best technique for you to use is:

1. Pre-assignment
2. Virtual teams
3. Negotiations
4. Acquisition

Q10. What should be done with risks on the watch list?

1. Document them for historical use on other projects.
2. Document them, and then revisit them during project monitoring and controlling
3. Document them, and set them aside because they are already covered in your contingency plans
4. Document them, and given to the customer.