Project Management Question Bank
for Exam preparation

Q2. You are in the Validate Scope process of your electronic goods manufacturing project. While reviewing some products, you have noticed that the tolerance for one product is 0.01 percent less than what was listed in the requirements documentation. This deviation may not be a problem for the customers, and it may not impair the product’s operation. What is your best immediate action in such a situation?

1. Notify the stakeholders about the deviation
2. Change the project management plan to allow for small deviation
3. Reject all products and restart the project
4. Discuss with your team about the quality testing

Q3. The X in the DfX can be:

1. Competing project constraints
2. Different aspects of product development
3. Design assumptions
4. Discretionary dependencies

Q4. What is the best way to make an accurate forecast of ETC?

1. EAC - AC
2. BAC – EV
3. Manual forecasting of cost of the remaining work.
4. (BAC – EV)/CPI

Q5. Project A has an internal rate of return (IRR) of 21 percent. Project B has an IRR of 7 percent. Project C has an IRR of 31 percent. Project D has an IRR of 19 percent. Which of these would be the BEST project?

1. Project A
2. Project
3. Project C
4. Project D 8

Q6. Organizational process assets are fundamental inputs to most of the project management processes. However, only some of the process assets are relevant to any given process. Which of the following organizational process assets is the least important consideration during the Manage Stakeholder Engagement process?

1. Issue management procedures
2. Project plan templates
3. Change control procedures
4. Historical information about previous projects

Q7. Which of the following approaches deliberately spends less time trying to define and lock project scope early during the project and spends more time establishing the process for requirements gathering, scope definition and refinement?

1. Waterfall methods
2. Predictive methods
3. Agile methods
4. Kanban methods

Q8. The float of an activity is determined by:

1. Performing a Monte Carlo analysis
2. Determining the waiting time between activities
3. Determining lag
4. Determining the amount of time the activity can be delayed before it delays the critical path

Q9. A project team is currently focusing on Monitor Stakeholder Engagement process to reassess the project stakeholders' current engagement levels and to review the current stakeholder engagement strategy. Which of the following is an output of this process?

1. Project documents updates
2. Stakeholder engagement assessment matrix
3. Work performance data
4. Approved change requests

Q10. You were in the middle of a two-year project to deploy new technology to field offices across the country. A hurricane caused power outages just when the upgrade was near completion. When the power was restored, all of the project reports and historical data were lost with no way of retrieving them. What should have been done to prevent this problem?

1. Purchase insurance
2. Plan for a reserve fund
3. Monitor the weather and have a contingency plan
4. Schedule the installation outside of the hurricane season.