Project Management Question Bank
for Exam preparation

Q2. Your project is ahead of schedule but over budget. Therefore, you ask your team member to collect data and compare it with the cost baseline. Which of the following is not included in the cost baseline?

1. Contingency reserve
2. Activity cost estimation
3. Management reserve
4. Activity contingency reserve

Q3. Your project is delayed because of some regulatory issues and the client has asked you to stop the work until he gets government clearance. The project team members are afraid that the project may be terminated early and you may need to enter into the close project process. In which of the following cases will you not perform the close project or close phase process?

1. When the project is terminated due to cost overrun
2. When the project is terminated due to schedule overrun
3. The client decided to terminate the project
4. None of the above

Q4. Three strategies that typically deal with negative risks or threats are:

1. Enhance, Share, and Accept
2. Transfer, Exploit, and Accept
3. Avoid, Transfer, and Exploit
4. Avoid, Transfer, and Mitigate

Q5. You are managing a project with part-time resources in a weak matrix organization. Several of the team members attend team meetings and have not completed their activity assignments as scheduled. AT your next team meting, the MOST important agenda item would be:

1. To review the work breakdown structure.
2. Team building.
3. To review project schedule and assignments.
4. To define the impact of the delays.

Q6. You are a project manager of a complex project which involves many procurement contracts with subcontractors. During the execution phase, a subcontractor comes to you and says that he has completed his part of the work. You reviewed the facts and provided the subcontractor with a formal written notice that the contract has ended. What process is this?

1. Validate scope
2. Verify scope
3. Close procurements
4. Control procurements

Q7. A work authorization system can be used to:

1. Manage who does each activity
2. Manage when and in what sequence work is done
3. Manage when each activity is done
4. Manage who does each activity and when it is done.

Q8. When possible, the detailed project schedule _________ throughout the project to adjust for knowledge gained, increased understanding of the risk, and value-added activities.

1. Should stand firm
2. Should remain flexible
3. Must be avoided
4. Must be inflated

Q9. The networking vendor has contacted the project manager to inform her that the recent earthquake will impact the delivery of critical components. The project team meets to determine the impact on the overall project and determines that staffing will not be affected, but that changes will need to be made in the areas of risk and cost management. It is too soon to tell if quality baselines will be affected by this schedule change. What is the project team involved in here?

1. Configuration management
2. Work authorization analysis
3. Status review meeting
4. Integrated change control

Q10. You have been hired by ABC Inc. and appointed as a project manager for their new project. The project charter has been signed and currently you are busy with preparing a detailed description of your project and the product. The description is in detail, the final requirements are identified, the product boundaries are defined, and you have outlined what is included and what is excluded. Once you complete this process, which of the following documents will you not update next?

1. Issue log
2. Stakeholder register
3. Requirements documentations
4. Requirement traceability matrix