Project Management Question Bank
for Exam preparation

Q2. During project executing, one of the electrical engineers informs the project manager that the life cycle cost of the new heating and air conditioning system is higher than the life cycle cost of another heating and air conditioning system. What should the project manager do?

1. Determine if there is room in the project budget for the additional cost.
2. Select the product with the lower life cycle cost.
3. Select the product with the best life cycle cost to earned value ratio.
4. Select the product with the lowest maintenance cost to life cycle cost ratio.

Q3. Which of the following BEST describes the relationship between standard deviation and risk?

1. Nothing
2. Standard deviation tells you if the estimate is correct
3. Standard deviation tells you how unsure the estimate is.
4. Standard deviation tells you if the estimate includes a pad.

Q4. What is the name of the process required to ensure timely and appropriate generation, collection, dissemination, and disposal of project information?

1. Quality management
2. Communications management
3. Procurement management
4. Scope management

Q5. What is the duration of the near-critical path based on the chart?

1. 33
2. 44
3. 31
4. 43

Q6. Administrative closure involves all the activities in a step-by-step manner to satisfy various completion and exit criteria for the project. This is part of which Project Management Knowledge Area?

1. Project Communications Management
2. Project Scope Management
3. Project Integration Management
4. Project Procurement Management

Q7. During the review of a control chart, you observe that the limit for one deliverable is below the lower control limit but above the specification limit. What will your next step be?

1. As it is within the specification limits, no action will be taken
2. You will take corrective action
3. You will replace the product
4. You will adjust the control limits

Q8. Robert is managing a construction project. The project's client is responsible for the design, while Robert’s organization is responsible for the construction. There has been a 45-day delay on a couple of major structure designs. This delay can only be recovered through crashing and will cost $2 million in addition to the approved budget. Robert prepares a detailed report and emails it to the client. In this scenario, Robert’s email to the client is an example of:

1. Informal unofficial communication
2. Formal unofficial communication
3. Informal official communication
4. Formal official communication

Q9. A project manager completed the work package estimating process and then performed a Monte Carlo analysis to determine the amount of risk reserve needed on the project. Why is this incorrect?

1. The risks per work package have not been identified
2. The critical path was not calculated
3. The network diagram was not used
4. The schedule was not developed.

Q10. You are managing an electronic chip design project for a customer. There are a number of engineers and subject matter experts from the customer’s organization that have been assigned as resources to the project plus several additional design engineers that your company has supplied. All the engineers were involved in the development of a prototype chip, an extremely time-consuming and expensive process. Upon the completion of the prototype, you submit it for review to ensure there are no patent infringement issues with the design. However, the review determines there are several issues that could result in an intellectual property dispute with the patent owners should the prototype design be released commercially. Resources from your company developed the affected prototype elements, as well as from your customer’s organization. What should you do?

1. Ask the engineers to revise the design and resubmit it
2. Notify the project stakeholders immediately
3. Request permission to use the copyright material
4. Submit the prototype as is since the budget and schedule do not accommodate rework