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Project Management Question Bank
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Question:

Decision tree analysis is used to calculate the average outcome when the future includes scenarios that may or may not happen. What are a decision node’s inputs and outputs?
  1. Input: Cost of each decision; Output: Probability of occurrence
  2. Input: Cost of each decision; Output: Decision made
  3. Input: Scenario probability; Output: Expected Monetary Value (EMV)
  4. Input: Cost of each decision; Output: Payoff






Q2. A project has experienced significant delays due to equipment problems, staff attrition, and slow client reviews. The project is 40 percent complete and has used 60 percent of the available calendar time. What is the FIRST thing you should do?

  1. Rebaseline the schedule to reflect the new date
  2. Analyze the critical path activities for potential to fast track or crash the schedule
  3. Document the lack of progress and associated issues to management
  4. Identify activities that required more time than planned 49
Correct Answer

Q3. A planning package is a work breakdown structure component below the control account and above the work package with known work content but without:

  1. Work packages
  2. User stories
  3. Schedule activities
  4. Requirements
Correct Answer

Q4. You are gathering all the information about the stakeholders and discussing with your team members what changes they can make to the project objective. Which technique are you using here?

  1. Information gathering technique
  2. Stakeholders analysis
  3. Stakeholders management strategy
  4. Brainstorming
Correct Answer

Q5. You have received many bids from contractors and are now separating them according to their experience, technical expertise, and capabilities. After segregating these responses, you are reviewing them to see if they are capable of doing the job or not. What process is this?

  1. Conduct procurement
  2. Plan procurement management
  3. Proposal evaluation technique
  4. Manage quality
Correct Answer

Q6. Which of the following tools give a visual representation of an organization’s data, described in business language that is independent of any specific technology?

  1. Matrix diagrams
  2. Mind maps
  3. Flowcharts
  4. Logical data model
Correct Answer

Q7. During the team member acquiring process, you observe that a particular employee from another department can be used for your project for some work. Therefore, you ask their functional manager to provide the employee on alternate days. The functional manager says they can provide you with the particular employee for only two days a week. Which technique are you using here?

  1. Acquire project team
  2. Negotiation
  3. Pre-assignment
  4. Develop project team
Correct Answer

Q8. Which of the following is true about risks?

  1. The risk register documents all the identified risks in detail.
  2. Risk impact should be considered, but probability of occurrence is not important.
  3. Risks always have negative impact and not positive.
  4. Risk Response Plan is another name for Risk Management Plan.
Correct Answer

Q9. A watch list is an output of which risk management process?

  1. Plan Risk Responses
  2. Perform Quantitative Risk Analysis
  3. Perform Qualitative Risk Analysis
  4. Plan Risk Responses.
Correct Answer

Q10. If you are working on a project where there is no definite detailed scope, but there are similar projects in the past, what is the correct Estimate Activity Durations tool to use?

  1. Analogous Estimating
  2. Parametric Estimating
  3. Critical Path Estimation
  4. Three Point Estimating
Correct Answer










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