Project Management Question Bank
for Exam preparation

Q2. The Plan-Do-Check-Act (PDCA) cycle as the basis for quality improvement is usually attributed to:

1. Deming
2. Crosby
3. Juran
4. Pareto

Q3. Tracey is managing an ERP system implementation project. Which of the following tools can help her uncover a number of hidden process requirements during the Collect Requirements process?

1. Observation
2. Questionnaires
3. Surveys
4. Nominal group technique

Q4. Nancy is carrying out cost-benefit analysis for a project. If undertaken, the project will start in January next year and end by December. The project will incur a constant cost of $10,000 each month (payable by the end of each month) giving a total cost of $120,000 for the project. The revenue from the project is collected on a quarterly basis. The total revenue for the project by the end of December will be $200,000. The opportunity cost of the project is 12 percent which is the bank interest rate Nancy can get if she does not invest in this project. The total present value of all cash outflows is $112,551, while the total present value of all cash inflow is $185,721. What is the benefit-to-cost ratio for the project?

1. 1.67
2. 0.6
3. 1.65
4. 0.61

Q5. Using the chart, what is the lowest cost of crashing this project to save four weeks?

1. $18,000
2. $6,000
3. $7,000
4. $9,000

Q6. A large project is underway when one of the team members reviews the project status report. He sees that the project is currently running late. As he looks at the report further, he notices that the delay will cause one of his activities to be scheduled during a time he will be out of the country and cannot work on the activity. This is of great concern because he is very committed to the project being successful and he does not want to be the cause of the project being further delayed. What is the BEST THING for him to do?

1. Contact the project manager immediately to provide the project manager with his schedule.
2. Include the information on his next report
3. Request that the issue be added to the project issue log
4. Recommend preventive action.

Q7. Which of the following is NOT a valid project schedule presentation format:

1. Activity list
2. Activity attributes
3. Bar chart
4. Network diagram

Q8. Mary has just assigned Thomas as project manager of an upcoming railway construction project. She hands an approved project charter to Thomas. Once Thomas thoroughly reviews the project charter, what should he do next?

1. Review the charter once again since one thorough review is never enough
2. Kick-start the Develop Project Management Plan process
3. Add the project charter to the organizational lessons-learned archive
4. Distribute the charter to all key project stakeholders and ensure common understanding

Q9. You are in the executing process group of a major project with an estimated cost of US $22 million. Two team members are having a disagreement over the potential sellers of a project, and the project manager has offered to help. The project manager suggests a compromise, and the team members want to solve the problem. Who should decide on the BEST course of action?

1. Management
2. Team member
3. Project manager
4. Customer

Q10. Which of the following is an output of the collect requirements process?

1. Scope management plan
2. Requirements management plan
3. Requirements risk breakdown
4. Requirements traceability matrix 7