Project Management Question Bank
for Exam preparation

Q2. A project to design and build a new aircraft is cancelled after the project has been underway for some time. What process is employed to document what work was done and to what extent it was completed?

1. Validate Scope
2. Control Scope
3. Control Quality
4. Close Project or Phase

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.

Q4. A project manager says to a team member, “If you cannot complete this activity according to the quality standards you set in place, I will remove you from the team that is going Venezuela for the milestone party with the customer.” What form of power is the project manager using?

1. Reward power
2. Formal power
3. Penalty power
4. Referent power

Q5. During project executing, the project manager is spending a lot of time solving problems that arise. It would be BETTER for the project manager to transfer his efforts to:

1. Having the team solve the problems, thus freeing his time to hold more meetings
2. Executing the project management plan and making sure the quality management plan is viable.
3. Identifying additional risks and following the risk management process
4. Performing sensitivity analysis on past problems and transferring them to other projects.

Q6. As a project manager, you are presented with the following information on the net present value (NPV) of several potential projects. Which project is your BEST choice?

1. Project A with an NPV $95,000
2. Project B with an NPV of $120,000
3. Project C with an NPV of $20,000
4. Project D with an NPV of -$30,000

Q7. The banks in the Ukraine have raised the annual interest rates sharply to 30 percent. You have the option to invest your money either in Ukrainian banks or to build a small factory for a client. The total cost of building the factory will be $12 million but it will spread evenly over one year ($1 million payable by the end of each month for the next 12 months). The client will make a payment of $3.9 million at the end of each quarter from the start of the project. Which of the following is the best option (if you are only considering the return on investment)?

1. Build the factory for the client
2. Invest the money in the bank for a year
3. Both options offer the same payoff
4. Information given is insufficient to determine the best option

Q8. Which of the following is a hierarchical representation of project risks?

1. Risk Register
2. Risk Mitigation
3. Risk Categories
4. Risk Breakdown Structure

Q9. Stakeholder identification is a continuous process. Which of the following statements about stakeholders is incorrect?

1. Positive stakeholders benefit from the outcome of a project.
2. A project manager needs to focus on the positive stakeholders since their needs are best served by the project.
3. Overlooking negative stakeholders can result in an increased likelihood of failure.
4. Stakeholders can have conflicting or differing objectives.

Q10. Which of the following is NOT a measure that determines if a business if a business practice used by another country is an unfair business practice?

1. It hurts the right to physical movement
2. It is a common practice in the other country
3. It does not supply a decent wage for the country and the type of work
4. It discriminates against women 3