Project Management Question Bank
for Exam preparation

Project Management- Q2. 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

Project Management- Q3. Allocating ownership of a risk to a third party who is best able to capture the opportunity is an example of ________ the risk.

1. Sharing
2. Enhancing
3. Exploiting
4. Accepting

Project Management- Q4. You are reviewing seller-prepared documents and quality audits are conducted during the seller’s execution of the work with an objective to identify performance success and failure. What process is this?

1. Conduct Procurement
2. Control Procurement
3. Close Procurement
4. Verify Scope

Project Management- Q5. A project organizational chart shows resources and:

1. WBS work packages
2. Activity resource estimates
3. Responsibilities
4. Schedule.

Project Management- Q6. Which of the following BEST describes the phrase, “influencing the factors that affect change”?

1. Telling people that changes are not allowed
2. Determining the sources of changes and fixing the root causes
3. Adding more activities to the work breakdown structure to accommodate risks
4. Calculating the impact of changes to date on the project

Project Management- Q7. Ideally the relationship between a project manager and a business analyst should be:

1. Business analyst should directly report to the project manager
2. A collaborative partnership
3. Project manager should directly report to the business analyst
4. Business analyst must audit the project manager

Project Management- Q8. During a project management process, you are reviewing proposals from many bidders using some predetermined criteria. Based on this review, you prepare a final list of bidders and then select a bidder from this list. What project management process is this?

1. Plan procurement
2. Conduct procurement
3. Control procurement
4. Define scope

Project Management- Q9. You have identified a risk that at a certain point in your project you may need extra quantities of a consumable which you thought of earlier. The chance of this event occurring is 20% and if it occurs it will cost you 150 USD. So, you develop a contingency plan for this risk and assign a risk owner. What kind of risk response strategy is this?

1. Transfer
2. Avoid
3. Mitigation
4. Accept

Project Management- Q10. Which of the following are the tools and techniques used in both the Plan Communications Management and Manage Communications processes?

1. Expert judgment
2. Project reporting
3. Communication requirements analysis
4. Communication methods