Project Management Question Bank
for Exam preparation

Project Management- Q2. A project manager prepared a presentation that included data on the project’s use of resources, improvements in staff efficiency, and the cost savings. These activities are part of what process?

1. Manage Stakeholder Engagement
2. Monitor and Control Project Work
3. Control Schedule
4. Control Quality

Project Management- Q3. If a project manager wants to report on the actual project results vs. planned results, he should use a:

1. Trend report.
2. Forecasting report.
3. Status report.
4. Variance report.

Project Management- Q4. The cost estimates for a project are in the range of +/- 5 %. What phase is the project likely to be in?

1. Closing phase
2. Preliminary phase
3. Initial phase
4. Intermediate phase

Project Management- Q5. Michael and John are having some conflicts and they come to you. Since you are too busy and the problem is complex, you go with the midway of both parties and partially satisfy both of them. What conflict resolution technique are you using here?

1. Accommodate
2. Withdraw
3. Collaborate
4. Compromise

Project Management- Q6. What is present value (PV)

1. Value of assets that a company owns
2. Today’s value of future cash flows
3. Future value of money on hand today
4. Current value of today’s assets adjusted for inflation 9

Project Management- Q7. The approximate resource costs necessary for completing project activities are compiled during which project management process?

1. Cost Reserve Analysis
2. Estimate Costs
3. Cost aggregation
4. Forecasting.

Project Management- Q8. You have a contract to build a manufacturing plant in Kuala Lumpur. However, you are not familiar with the building codes in Kuala Lumpur or Malaysia, so you are reviewing all their building codes prior to “turning a shovelful of earth.” This is an example of:

1. Project initiation
2. Quality assurance
3. Quality planning
4. Quality control

Project Management- Q9. During the executing process group, a functional manager asks you to use a model C generator instead of model B on your project. The functional manager says that model C will solve the needs of the project and provide some benefits to the manufacturing department. You look at the cost associated with model C and discover that it is substantially higher than model B. If you are not sure you can justify the more expensive model, what is the BEST thing to do?

1. Review the specifications of each to validate the manager’s claim
2. Analyze the differences in using each model and present them to the sponsor.
3. Use model C and cut other activities to make up for the added cost.
4. Do a life cycle analysis and present the results to your boss.

Project Management- Q10. As a project manager, you are presented with the following information on the paycheck period for several possible projects. Which project is your BEST choice?

1. Project A with a payback period of 6 months
2. Project B with a payback period of 9 months
3. Project C with a payback period of 12 months
4. Project D with a payback period of 18 months