Project Management Question Bank
for Exam preparation

Q2. Your project team has identified a major project risk. After talking to the project management office, they determine that a reserve on the project is not necessary. What is the NEXT step?

1. List the time or cost overrun expected on the project in your project management plan.
2. Develop risk transference strategies.
3. Create a risk response plan that includes the risk.
4. Ignore he risk until it happens.

Q3. During every project team meeting, the project manager asks each team member to describe the work he or she is doing, and the project manager assigns new activities to team members. The length of these meetings has increased because there are many different activities to assign. This could be happening for all of the following reasons EXCEPT:

1. Lack of a WBS
2. Lack of a responsibility assignment matrix.
3. Lack of resource leveling
4. Lack of team involvement in project planning.

Q4. You have just joined the project management office after five years of working on projects. One of the things you want to introduce to your company is the need to create and utilize WBSs. Some of the project managers are angry that you are asking them to do “extra work.” Which of the following would be the BEST thing you could tell the project managers to convince them to use WBSs?

1. Tell them it will prevent work from slipping through the cracks.
2. Tell them that it is not needed.
3. Tell them it is required only if the project involves contracts.
4. Tell them it is the only way to identify risks.

Q5. You have been just assigned to take over a project from another project manager who is leaving the company. The previous project manager tells you that the project is on schedule, but only because he has constantly pushed the team to perform. What is the FIRST thing you should do as the new project manager?

1. Check risk status.
2. Check cost performance.
3. Determine a management strategy.
4. Tell the team your objectives.

Q6. You are managing a project in a just-in-time environment. This will require more attention, because the amount of inventory in such an environmental is generally:

1. 45 percent
2. 10 percent
3. 12 percent
4. 0 percent

Q7. A client has asked you to add to the scope of the project. The project is under budget and a little ahead of schedule. What should you do?

1. Approve the change
2. Determine the effects of the change on the project.
3. Ask the sponsor for approval to make the change
4. Get approval from the configuration change board.

Q8. A project manager is spending most of the project funding in the current phase of the project. The manager is also managing various resources in the project. What is the stakeholder influence on the project now compared to earlier phases?

1. Cannot be determined
2. More
3. Less
4. Same

Q9. Which of the following BEST describes why quality is planned in and not inspected in?

1. It reduces quality and is less expensive.
2. It improves quality and is more expensive
3. It reduces quality and is more expensive
4. It improves quality and is less expensive

Q10. Executing the risk response plan in order to react to risk events throughout the project is called:

1. Contingency planning
2. Monitoring and control
3. Mitigation
4. Life cycle costing.