Project Management Question Bank
for Exam preparation

Project Management- Q2. You are working as a project manager for a high-yield crop development project. Data from the weather agency shows an unfavorable weather pattern for the next few months. As a senior project manager, you want to assess the schedule’s feasibility under adverse conditions and provide some insights to your team. That way, your team can prepare some reserves and plan risk responses if unfavorable conditions exist during execution. Which of the following techniques should you use to simulate risks and other sources of uncertainty to calculate possible schedule outcomes?

1. Pareto charts
2. Variance analysis
3. Crashing
4. Monte Carlo analysis

Project Management- Q3. You are authorized to approve expenditures above $15,000. For the last several weeks, you have been negotiating the terms and pricing of a contract with a vendor, and you want to keep costs as low as possible. This has been an exceedingly difficult negotiation process. A colleague suggests you tell the vendor you can only approve expenses below $10,000 as a way to keep the price low. What do you do?

1. Ask for binding arbitration
2. Tell the vendor you are only authorized to approve expenses under $10,000
3. Do not follow the colleague‘s advice
4. Put a deadline on the negotiation completion

Project Management- Q4. The current update to the schedule performance report shows no schedule variance. Based upon this report, you tell the client that the project is on time. However, your team members know that you just missed a major milestone and the project will not meet its startup date. This is an indication of poor:

1. Communications planning.
2. Scope planning.
3. Team trust.
4. Schedule planning.

Project Management- Q5. You have identified a risk that your work might be affected due to an equipment malfunction. Which of the following risk response strategies will you use to contain this risk?

1. Exploit
2. Enhance
3. Mitigate
4. None of the above

Project Management- Q6. As part of tracking a project, a project manager is validating the completion of project scope. He or she would measure this against:

1. Requirements traceability matrix
2. The Project Management Plan
3. The Project Charter
4. The requirements management plan

Project Management- Q7. A planning technique used to provide products, services, and results that truly reflect customer requirements, by translating those customer requirements into the appropriate technical requirements for each phase of project product development, is:

1. Six Sigma
2. PDCA
3. Voice of the Customer
4. ISO

Project Management- Q8. Janice, a project manager, wanted to obtain early feedback on the project requirements. However, she was concerned that the abstract representations of the requirements might not elicit useful feedback. Which of the following tools and techniques might help her overcome this hurdle?

1. Histograms
2. Prototypes
3. Ishikawa diagram
4. Control charts

Project Management- Q9. The Executive VP of Finance has informed you that you will be the project manager for an energy audit the company is performing in order to save expenses. He has assigned you to identify the stakeholders and to start documenting the high-level assumptions and constraints. Your project is in what stage?

1. Initiating
2. Planning
3. Monitoring and Controlling
4. Executing

Project Management- Q10. You are in the middle of your project and working on a deliverable which is 90% completed. It is time for the yearly audit. A team of auditors are about to come and verify if you are following the process as defined or not. However, as the deliverable is about to be completed, you check it and measure all dimensions to find any possible dimensional defects. What process is this?

1. Control quality
2. Manage quality
3. Plan quality management
4. Control scope