Project Management Question Bank
for Exam preparation

Project Management- Q2. Who should be responsible for defining project objectives?

1. Project manager
2. Sponsor
3. Project management team
4. Stakeholders

Project Management- Q3. During the Plan Risk Management process, assigning ___________ will help you and the project team identify all important risks and work more effectively during the identification process.

1. Risk factors
2. Blame
3. Risk mitigation plans
4. Risk categories

Project Management- Q4. A project manager approaches you to understand the Work Breakdown Structure (WBS) in better detail. You tell her that:

1. The WBS is a detailed project plan and includes the effort, resources, and dates on which the tasks for the project are complete.
2. The WBS is a task-oriented decomposition of work that identifies each task and the resource required to accomplish the task.
3. The WBS is a deliverable-oriented hierarchical decomposition of the work the project team must accomplish to meet project objectives.
4. The WBS is a Gantt chart that contains details about the project deliverables the project team must do.

Project Management- Q5. A project manager takes over an existing project, only to find that there are no quality standards. What part of the quality process should the project manager be in?

1. Plan Quality
2. Manage Quality
3. Quality analysis
4. Perform Quality Control

Project Management- Q6. A key project in an organization has been ignored, due to high travel expenses associated with the movement of subject matter experts and other specialists across various project locations. Which of the following might allow such a project to be undertaken in a cost-efficient manner?

1. Management sign-off
2. Negotiation
3. Virtual teams
4. Co-location

Project Management- Q7. A ranking of risk and a list of risks for additional analysis are all outputs of which process of risk management?

1. Identify Risks
2. Perform Qualitative Risk Analysis
3. Perform Quantitative Risk Analysis
4. Plan Risk Responses.

Project Management- Q8. Outputs of the Close Project or Phase process include all of the following EXCEPT:

1. Project archives
2. Formal acceptance
3. Lessons learned
4. A risk audit

Project Management- Q9. If a project has a 60 percent chance of a $100,000 profit and a 40 percent chance of a $100,000 loss, the expected monetary value of the project is:

1. $20,000 profit
2. $40,000 loss
3. $100,000 profit
4. $60,000 loss

Project Management- Q10. The purpose of a fishbone diagram is to:

1. Explore past outcomes and apply then to the current project.
2. Stimulate thinking, organize thoughts and generate discussion.
3. Determine the organization of the project.
4. Show functional responsibilities and how they are related to one another and to the objectives of the project.