Project Management Question Bank
for Exam preparation

Q2. You have a project with the following activities: Activity 1 can start immediately and has an estimated duration of four. Activity 2 can start after activity 1 is completed and has an estimated duration of eight. Activity 3 can start after activity 2 is completed and has an estimated duration of five. Activity 4 can start after activity 1 is completed and has an estimated duration of eight. Activity 5 has an estimated duration of three and must take place concurrently with activity 3. It can start after activities 4 and 2. What is the duration of the critical path of this project?

1. 15
2. 18
3. 17
4. 12

Q3. Testing the entire population would:

1. Take too long
2. Provide more information than wanted
3. Be mutually exclusive
4. Show many defects.

Q4. Which of the following is not an example of parametric estimating?

1. Activity duration estimated based on the number of drawings multiplied by the number of labor hours per drawing.
2. Activity duration estimated based on the number of labor hours per meter for cable installation.
3. Activity duration estimated based on the square footage in construction.
4. Activity duration estimated based on the actual duration of a similar, previous project.

Q5. An organization wishes to ensure that the opportunity arising from a risk with positive impact is realized. This organization should:

1. Exploit the risk
2. Mitigate the risk
3. Accept the risk
4. Avoid the risk

Q6. The client has given you a project to build a research center for him. You have met with all stakeholders, noted down their requirements, and you are now deciding which requirements should be included in the project and which should not. What process is this?

1. Identify stakeholders
2. Collect requirements
3. Define scope
4. Define requirements

Q7. 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

Q8. The project manager has noticed that there have been a lot of changes on the project. This has not been considered to be a problem until one day he discovers that he cannot determine how many scope changes are currently being reviewed. This problem would be an error in which of the following?

1. Change control system and project scope management plan
2. Plan purchases and acquisitions and requirements gathering
3. Lack of a change control board and constrained optimization
4. A poor change configuration system and benefit analysis

Q9. You are in the middle of a new product development project for your publicly traded company when you discover that the previous project manager made a $3,000,000 payment that was not approved in accordance with your company policies. Luckily, the project cost performance index (CPI) is 1.2. What should you do?

1. Put the payment in an escrow account.
2. Bury the cost in the largest cost center available.
3. Ignore the payment
4. Contact your manager

Q10. Which of the following analytical techniques evaluates investment potential considering time-value of money?

1. Pareto analysis
2. Discounted cash flow
3. Earned value management
4. Monte Carlo technique