Project Management Question Bank
for Exam preparation

Q2. In managing project communications, what should the project manager keep in mind?

1. Communication skills are most important during project executing.
2. The receiver is responsible for making sure communications are clear.
3. Only the team members need to be concerned about communication with each other.
4. A choice must be made about how to communicate properly.

Q3. Your project is behind schedule and over budget, and the actual cost is on its way to being higher than the target cost. You and the client both are worried about the project’s progress and there is a high probability that the point of total assumption will be crossed. Which of the following assumptions is true about the point of total assumption?

1. Above PTA, you will bear the cost
2. Above PTA, the client will bear the cost
3. Above PTA, the cost will be equally shared
4. Above PTA, the cost will be shared by a set ratio

Q4. 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

Q5. Mark is managing an airport construction project. He is currently identifying his project stakeholders, and he has compiled a long list of stakeholders already. Managing expectations of every project stakeholder is not practical. What should he do in this situation?

1. Project stakeholders should be prioritized based on their influence and interest.
2. Stakeholder analysis should be outsourced.
3. Non-key stakeholders should be dropped from the stakeholder register.
4. Stakeholder management processes should not be followed for such complex projects.

Q6. Perform Qualitative Risk Analysis is a quick way to prioritize how a project team will respond to risks. It is based on risk _________________ and _________________.

1. Probability, exposure
2. Probability, impact
3. Probability, focus
4. Exposure, cost

Q7. A new project manager has asked you for advice on creating a work breakdown structure. After you explain the process to him, he asks you what software he should use to create the WBS, and what he should do with it when he is finished creating it. You might respond that it is not the picture that is the most valuable result of creating a WBS. It is:

1. A bar chart
2. Team buy-in
3. Activities
4. A list of risks 9

Q8. You are managing a project that involves work on a film shoot. The editing activity can happen only after the film is shot. The best description of the logical relationship between the editing and shooting of the film is:

1. Finish-to-Finish (FF)
2. Start-to-Start (SS)
3. Start-to-Finish (SF)
4. Finish-to-Start (FS)

Q9. If the optimistic estimate for an activity is 12 days, and the pessimistic estimate is 18 days, what is the standard deviation of this activity?

1. 1
2. 1.3
3. 6
4. 3

Q10. The Work Breakdown Structure (WBS) is a deliverable-oriented hierarchical decomposition of the work the project team will execute to accomplish the project objectives and create required deliverables. The Create WBS process falls under which knowledge area?

1. Project Schedule Management
2. Project Integration Management
3. Project Scope Management
4. Project Cost Management