Project Management Question Bank
for Exam preparation

Q2. Rob has been assigned to manage a complex project. Rob has recently acquired his PMP certification and is excited about applying his newly acquired knowledge to his project. During the project initiation, he produced the stakeholder register and impressed his project sponsor. Rob is now about to develop the stakeholder engagement plan for his project. This has made the project sponsor a bit uncomfortable because he thinks Rob is spending too much time doing paperwork instead of actually executing the project work. The project sponsor has asked Rob to explain the difference between the stakeholder register and the stakeholder engagement plan. How should Rob respond?

1. The stakeholder register only contains basic stakeholder assessment information, while the stakeholder engagement plan includes detailed stakeholder engagement strategy that ensures project success.
2. The stakeholder engagement plan is a component of the project management plan, while the stakeholder register is not.
3. The stakeholder register is produced during the project initiation, while the stakeholder engagement plan is produced during the project planning phase.
4. Developing the stakeholder engagement plan is a good project management practice.

Q3. Your company is considering buying a building worth $1 million. If the company buys this building and rents it out for the next five years, it will get $100,000 per year as rent (receivable by the end of each year). At the end of the fifth year, the company will resell the building at $1.1 million. What is the NPV of this investment at 10 percent per annum discount rate?

1. 62092
2. 600000
3. 1600000
4. 2200000

Q4. Which of the following is an important input to the Validate Scope process?

1. Validated deliverables
2. Organizational process assets
3. Accepted deliverables
4. Change requests

Q5. Which of the following BEST describes the project manager’s role relating to changes?

1. Serve the customer and do what the customer wants.
2. Monitor and track changes to ensure they benefit the project.
3. Influence the factors that cause changes
4. Deny change requests whenever possible 9

Q6. A project manager has decided to use a decision tree to do a build or upgrade analysis. The build requires an investment of $200M. On the build decision branch, there is a 60 percent probability of strong demand (yielding a revenue of $400M) and a 40 percent probability of weak demand (yielding a revenue of $150M). What is the expected monetary value (EMV) of the build?

1. $100M
2. $300M
3. $140M
4. $200M

Q7. All of the following are outputs of the Estimate Costs process EXCEPT:

1. An understanding of the cost risk in the work that has been estimated.
2. The prevention of inappropriate changes from being included in the cost baseline.
3. An indication of the range of possible costs for the project
4. Documentation of any assumptions made during the Estimate Costs process.

Q8. Quality is achieved when:

1. The requirements have been met
2. Customer expectations have been exceeded
3. The customer indicates acceptance of the product or service
4. The customer stops asking for additional features

Q9. Two team members are having a big disagreement over the type of computer hardware to use on the project. Who should resolve this dispute?

1. Two members and their project manager
2. Project manager
3. Management
4. System supervisor

Q10. You are planning a storage device migration in a data center. During this phase of the project, who should control the project?

1. Project Manager
2. SMEs
3. Sponsor
4. Management