Project Management Question Bank
for Exam preparation

Q2. At the end of a project, what will your schedule variance be equal to?

1. Zero
2. Equal to the total PV
3. One
4. Equal to the total EV

Q3. You receive an email in French. Since you’re unable to read French, you bring in a translator to translate the message into English. What is the translator doing here?

1. Encoding
2. Acting as a medium
3. Removing noise
4. Decoding

Q4. In response to a risk, the project manager meets with the team and management to develop a strategy. After discussions, they decide that it would be best to make sure the risk definitely happens. This is an example of which risk response strategy?

1. Share
2. Exploit
3. Accept
4. Enhance.

Q5. Which parts of the risk management process do not generally use organizational process assets as an input?

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

Q6. A floor is one of the office buildings a company owns is now available for rent. It is imperative that the space be rented within one month. The only offer that has been received is from a company that is a competitor. What is the BEST thing to do in this situation?

1. Offer the space to the customer under a short-term lease agreement
2. Report the issue to management and inform the customer of their decision
3. As part of the lease agreement, include a non-competitive agreement
4. Tell the customer that your company has decided to use the space.

Q7. Your company is purchasing the services of a consultant. You own stock in one of the consulting companies interested in the work. What should you do?

1. Work hard to get the consulting company selected for the project.
2. Tell your manager and remove yourself from the selection committee.
3. Tell the people from the consulting company that you hope they get the work.
4. Keep the information to yourself.

Q8. If Project A has a net present value (NPV) of US $30,000 and project B has an NPV of US $50,000, what is the opportunity cost if project B is selected?

1. $23,000
2. $30,000
3. $20,000
4. $50,000

Q9. Using the chart, in order to handle some resources changes on your project, activity H is going to be done concurrently with activity G instead of after it. What impact will this have on the project?

1. It will cause the project to be completed four time periods sooner
2. It will cause a decrease in project risk
3. It will have no effect on the critical path
4. It will affect activity
5. 29

Q10. Kevin is assigned to a software development project that will start in the near future and is currently tailoring the PMBOK processes to satisfy the project’s specific needs. Kevin wants to introduce a new process, “Identify Key Deliverables”, to the existing six project scope management processes. Although he understands that project deliverables identification is already in the PMBOK scope management processes, he believes that having a dedicated process will stress the importance of determining and agreeing to key project deliverables. The best position for the new “Identify Key Deliverables” process should be between which of the following two processes?

1. Define Scope and Create WBS
2. Create WBS and Validate Scope
3. Plan Scope Management and Collect Requirements
4. Collect Requirements and Define Scope