Project Management Question Bank
for Exam preparation

Q2. While developing the project schedule, you find that the completion of a successor activity depends on the completion of its predecessor activity. What is this dependency called?

1. Start-to-Finish
2. Start-to-Start
3. Finish-to-Start
4. Finish-to-Finish

Q3. A project team is trying to decrease risk on the project. Management has a good relationship with a seller who is experienced in areas that your company is not experienced in. Management wants all activities with a US $50,000 or higher risk to be transferred to the seller. Management believes that this will remove the impact of those higher risks from the project. Why would this NOT be effective?

1. Working with sellers will add more than the $50,000 of risk to the project.
2. You would have to go through the contracting process.
3. The transference of a risk does not remove all impacts of the risk.
4. Management’s association with the seller is a conflict of interest for the project.

Q4. A project manager and his team are using an Ishikawa diagram, trying to determine how various factors might have contributed to project problems. The project manager is involved in which part of the quality management process?

1. Plan Quality
2. Utilize Quality tools
3. Manage Quality
4. Perform Quality Control

Q5. A project manager is trying to coordinate all the activities on the project and has determined the following: Activity 1 can start immediately and has an estimated duration of 1 week. Activity 2 can start after activity 1 is completed and has an estimated duration of 4 weeks. Activity 3 can start after activity 2 is completed has an estimated duration of 5 weeks. Activity 4 can start after activity 1 is completed and has estimated duration of 8 weeks. Both activities 3 and 4 must be completed before the end of the project. What is the duration of the critical path for this project?

1. 10
2. 11
3. 14
4. 8

Q6. The client has requested a change in a deliverable which you have processed through a change request and it is approved. Now, you are in the process of implementing this change into the project. In which of the following processes do you implement the approved change?

1. Monitor and control project work
2. Direct and manage project work
3. Perform integrated change control
4. Control scope

Q7. The credibility of your risk management depends on the unbiased probability and impact of identified risks. If these parameters are not correctly assessed, your risk management is not worth following. In which of the following process do you define the definition of probability of risks?

1. Plan risk management
2. Identify risks
3. Plan risk responses
4. Perform qualitative risk analysis

Q8. There is a probability of 0.1 that a given risk will occur in a project. If it occurs, it will result in a loss of US $10,000. The insurance cost for this event is US $700, with a deductible amount of US $250. Should a rational project manager buy this insurance?

1. Yes, since $1,000 > $950.
2. Yes, since $1,000 > $700.
3. No, since the deductible amount changes the expected monetary value of the risk event.
4. No, since $1,250 > $1,000.

Q9. You are the project manager of a project executing work under a contract signed with a buyer organization. Just after the project has started, you notice that the buyer organization had made a mistake in the financial terms, and your organization stands to benefit considerably from this oversight. What should your stance be?

1. Do not take any action since a contract is a binding and legal document.
2. Discuss with your management how you could gain a bonus due to the increased revenue your company stands to gain.
3. Informally check with your counterpart in the buyer organization to see whether he or she noticed this error.
4. Bring the error to the notice of the buyer organization and have an amendment made to the contract since this was in good faith.

Q10. Lucy is managing a website development project in an agile environment. She wants to create a burndown chart to present the project’s progress to the stakeholders. She adds a diagonal line representing the ideal burndown and a line for daily actual remaining work. She now needs to show the likely variance at the iteration completion. What should she do?

1. Add a forecast trend line to the ideal burndown line
2. Add a correlation line between the daily actual remaining work and the ideal burndown
3. Add a forecast trend line to the daily actual remaining work
4. Add a median line between the daily actual remaining work and the ideal burndown