Project Management Question Bank
for Exam preparation

Q2. Your company is undergoing a change in ownership and the new owners are looking at the total cost of a new product. Which of the following would BEST provide that information?

1. Estimate at completion
2. Life cycle cost
3. Earned value
4. Net present value

Q3. Linear programming is an example of what type of project selection criteria?

1. Constrained optimization
2. Comparative approach
3. Benefit measurement
4. Impact analysis

Q4. 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

Q5. What is the duration of a milestone?

1. Shorter than the duration of the longest activity
2. Shorter than the activity it represents
3. There is no duration
4. Same length as the activity it represents

Q6. Public recognition of superior performance creates positive reinforcement for the team members. When is the best time for a project manager to recognize team members' performance?

1. At the end of the project
2. During the lifecycle of the project
3. At the end of every phase of the project
4. As mandated by the HR department

Q7. The Cost of Quality principle includes:

1. The costs of ensuring conformance to requirements
2. The costs involved when changes are made to the requirements
3. The cost of deploying a project Configuration Management System
4. The costs associated with eliminating requirements

Q8. The authorized time phased budget which you use to monitor and control the cost of the project is known as:

1. Funding limit reconciliation
2. EAC
3. Cost baseline
4. Schedule baseline

Q9. The probability and impact matrix helps you rank risks so you can develop your risk management plan accordingly. Which statement is true about the probability and impact matrix?

1. It includes high-grade risks with its impact
2. It includes low-grade risks with its impact
3. Here the definition of probability and impact is decided
4. A grid showing probability and impact of the risk

Q10. Mandatory dependencies are those that are inherent in the nature of the work being done. They often involve physical limitations, such as on a construction project when it is impossible to erect the superstructure until the foundation is built. According to the PMBOK, a mandatory dependency is also:

1. Soft logic
2. Unilateral dependency
3. Fixed logic
4. Hard logic