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Project Management Question Bank
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Question:

A project manager is unsure of how much cost reserve to add to the project. There is a 50 percent chance of a weather delay causing an impact of US $100,000 and a 30 percent chance of a delay in the testing center with a US $20,000 impact. How much should the cost reserve be?
  1. Less than $50,000
  2. More than $120,000
  3. Less than $20,000
  4. More than $56,000






Q2. Management wants the project completed in 40 days. The cost performance index (CPI) is 1.1; the project critical path duration is 38 days with a standard deviation of two days. What is the maximum project float?

  1. Zero days
  2. Two days
  3. Four days
  4. One day
Correct Answer

Q3. The project status report is an example of which form of communication?

  1. Formal written communication
  2. Formal verbal communication
  3. Informal written communication
  4. Informal verbal communication
Correct Answer

Q4. At the end of a two-year project, the key stakeholders agree that the project has met all its objectives outlined in the project charter and further defined in the scope and statement of work. The project was within budget and has finished on time. The management of one of the functional areas is quite upset because over half of his staff quit during the project citing long hours and lack of management support. What is the MOST correct statement about this project?

  1. The project was within budget and time and achieved its objectives. Upper management is responsible for providing adequate resources, and the project manager successfully managed the project with available resources.
  2. The project should be measured against how successfully it met its project charter. This was not done during this project.
  3. The project manager did not obtain adequate resources and did not set a realistic deadline based on resources available.
  4. The functional manager is responsible for his staff and obtaining adequate resources to meet the schedule once it has been set. The project and project manager achieved all of its objectives set forth in the project charter.
Correct Answer

Q5. Your best programmer is an independent contractor. Recently, you learned that she is working on a project in the evening for one of your competitors. Your BEST course of action is to:

  1. Replace her.
  2. Get her to sign a non-disclosure agreement.
  3. Inform her that you do not allow your contractors to work with your competition, and ask her to choose.
  4. Limit her access to sensitive data.
Correct Answer

Q6. Bill and Jake are two team members in a project. They do not get along well and are constantly involved in verbal conflicts. The project manager understands the characteristics of conflict and the conflict management process and tries to resolve the situation. Which of the following is not a correct statement?

  1. Openness resolves conflict
  2. Conflict is natural and forces a search for alternatives
  3. Conflict is inevitable in a project environment.
  4. The project manager is not responsible for conflict management.
Correct Answer

Q7. You work in a matrix organization when a team member comes to you to admit he is having trouble with his activity. Although not yet in serious trouble, the team member admits he is uncertain of how to perform part of the work on the activity. He suggests a training class available next week. What should you do?

  1. Switch to a trained resource to avoid the cost
  2. Determine if anyone else needs training
  3. Get money from the team member’s functional department budget
  4. Get money from the project budget
Correct Answer

Q8. Which of the following regarding performance reporting is CORRECT?

  1. It is done during project planning and project executing.
  2. It is done during project planning and project monitoring and controlling.
  3. It is done during project monitoring and controlling and project closure.
  4. It is done during project executing and project monitoring and controlling.
Correct Answer

Q9. You have one document which hierarchically categorizes labor, equipment, and materials, etc. This document is known as:

  1. RBS
  2. Resource calendar
  3. RACI matrix
  4. RAM chart
Correct Answer

Q10. If a project manager believes that a particular subcontract needs to be terminated, which of the following can provide guidance on the contract termination procedure?

  1. The contract termination procedures in the organizational process assets
  2. The termination clause of the specific subcontract
  3. The change control procedures in the project management plan
  4. The contract termination procedures in the project procurements management plan
Correct Answer










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