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Project Management Question Bank
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Question:

You are in the middle of a new product development project for your publicly traded company when you discover that the previous project manager made a $3,000,000 payment that was not approved in accordance with your company policies. Luckily, the project cost performance index (CPI) is 1.2. What should you do?
  1. Put the payment in an escrow account.
  2. Bury the cost in the largest cost center available.
  3. Ignore the payment
  4. Contact your manager






Q2. You are in the middle of project executing and find that you are running out of money due to unanticipated changes. What is the BEST thing to do?

  1. Crash or fast track the project
  2. Ask for a change to the project budget
  3. Use resources that do not change against the project
  4. Re-evaluate the risk analysis and contingency funding
Correct Answer

Q3. The business case documents the business need and the cost benefit analysis that justify the project. The summary of how the project has achieved the business needs identified in the business case is document in the:

  1. Project charter
  2. Project WBS
  3. Project Scope Statement
  4. Project final report
Correct Answer

Q4. A project has several teams. Team C has repeatedly missed deadlines in the past. This has caused team D have to crash the critical path several times. As the team leader for team D, you should meet with the:

  1. Manager of team D
  2. Project manager alone
  3. Project manager and management
  4. Project manager and the leader of team C.
Correct Answer

Q5. A storm has damaged the manufacturing facility that is under construction as part of your project. You have just discovered that although the project risk management plan mandated that the facility have insurance against damage and loss, this policy was never acquired, and the project budget must cover the losses. Who is at fault?

  1. The risk manager
  2. The project manager
  3. The facilities manager
  4. The construction crew
Correct Answer

Q6. Which of the following is the BEST thing to do when asked to complete a project two days earlier than planned?

  1. Tell senior management that the project’s critical path does not allow the project to be finished earlier.
  2. Tell your boss.
  3. Meet with the team to look at options for crashing or fast tracking the critical path.
  4. Work hard and see what the project status is next month.
Correct Answer

Q7. You are managing a complex submarine causeway construction project. When you started the project, the scope of work was not clear and was based on a rather high-level estimate. Now that you are in the middle of the project, more information has become available. As a result, you now need to change some of the key subcontracts on the project. Which of the following will guide you through the change process?

  1. Change control terms of the individual subcontracts
  2. Project management plan’s change control procedures
  3. Organizational process assets
  4. Supplier’s contract administrator
Correct Answer

Q8. The project has been going well when one of the suppliers informs you that, as they warned you during project planning, they will deliver your equipment two days late. At the same time, you get a call from a team member informing you that the critical path activity she is working on will take longer to complete than planned. What is the BEST thing to do?

  1. Use a contingency reserve for the first, and find out how much later the activity will be
  2. Ask for a change order for each
  3. Have both reviewed with the change control board
  4. Find out why the activity was late 8
Correct Answer

Q9. When the project manager completes the detailed project schedule, it would be MOST important to get it approved by the:

  1. Project sponsor
  2. Team
  3. Functional managers
  4. Customer 42
Correct Answer

Q10. Communications management plans should include all of the following except:

  1. Stakeholder communication requirements
  2. Reasons for information distribution
  3. Escalation process
  4. Risk Register
Correct Answer










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