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Project Management Question Bank
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Question:

You are a project manager for the construction of a major new manufacturing plant that has never been done before. The project cost is estimated at US $30,000,000 and will make use of three sellers. Once begun, the project cannot be cancelled, as there will be a large expenditure on plant and equipment. As the project manager, it would be MOST important to carefully:
  1. Review all cost proposals from the sellers.
  2. Examine the budget reserves.
  3. Complete the project charter.
  4. Perform an identification of risks.






Q2. The project manager must identify ____________, determine their requirements, and then manage and influence those requirements to ensure a successful project.

  1. Functional managers.
  2. Stakeholders
  3. Scope.
  4. End users
Correct Answer

Q3. You have received an urgent call from management and they asked you to find the cost estimate of a new project. Since time is critical and you have to provide them with the cost estimate, which technique will you use to calculate the project cost?

  1. Parametric
  2. Analogous
  3. Bottom up
  4. Symmetric estimate
Correct Answer

Q4. Work Performance Data is an important input to the Control Procurements process. Which of the following is not a component of Work Performance Data?

  1. Data regarding supplier’s conformance to quality standards
  2. Data on completed deliverables
  3. Data regarding incurred or committed costs on each supplier contract
  4. Data on supplier invoices and respective payments
Correct Answer

Q5. Your company is considering buying a building worth $1 million. If the company buys this building and rents it out for the next five years, it will get $100,000 per year as rent (receivable by the end of each year). At the end of the fifth year, the company will resell the building at $1.1 million. What is the NPV of this investment at 10 percent per annum discount rate?

  1. 62092
  2. 600000
  3. 1600000
  4. 2200000
Correct Answer

Q6. You are carrying out a project for an external customer. Most of the project’s scope of work is outsourced and distributed among many subcontractors. What would be the role of the Direct and Manage Project Work process in this scenario?

  1. Inspect and verify the adequacy of the seller’s product
  2. Authorize the seller’s work at the appropriate time
  3. Assure that the changes are properly approved and communicated
  4. The Direct and Manage Project Work process will become redundant in this case
Correct Answer

Q7. After brainstorming potential project risks, what is the recommended method for prioritizing these risks and their mitigation plans?

  1. RACI chart
  2. Control chart
  3. Fishbone diagram
  4. Probability and impact matrix
Correct Answer

Q8. You are managing two projects. The first project is to design a simulator for a client which he will use in his driving school. The second project is to install a security system on a client’s premises to ensure its security around the clock. What is your role here?

  1. Project manager
  2. Portfolio manager
  3. Program manager
  4. Project coordinator
Correct Answer

Q9. How would you calculate your EAC if the ETC work is performed at the budgeted rate?

  1. EAC = BAC/CPI
  2. EAC= BAC-EV
  3. EAC = AC + BAC - EV
  4. EAC=(BAC-EV)*CPI
Correct Answer

Q10. All of the following are forms of power derived from the project manager's position EXCEPT:

  1. Formal.
  2. Reward.
  3. Penalty.
  4. Expert.
Correct Answer








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