Project Management Question Bank
for Exam preparation

Q2. 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

Q3. You are working in Lab-X, a laboratory experimental project to research the effect of a virus on human male bodies. This project needs local government approval for carrying out tests on living people. However, the local authorities informed you were informed it would take at least three weeks to obtain authorization for such approval because of the documents involved in the review and approval process. You consider this a risk to the project and would like to send the paperwork in advance to reduce the approval time to one week. Which of the following describes the risk response techniques being employed in this scenario?

1. Risk mitigation
2. Risk transfer
3. Risk accept
4. Risk avoid

Q4. During Plan Risk Responses process, the team is discussing ways to deal with a risk. They have come up with the following options: (a) outsource the work, (b) provide more training to the team members, (c) wait to see if the risk actually happens, (d) ignore the risk and (e) do the risky activity sooner in the project. Which of the following is a risk response strategy that was forgotten in the above situation?

1. Remove the activity causing the risk from the project.
2. Purchase insurance to cover the anticipated cost.
3. Assign the activity to a more experienced person to handle.
4. Prototype the product.

Q5. You have been managing a construction project in a developing country, and now you are closing the project. The tools and equipment that were used on the project have to be returned to your company’s European headquarters. A nongovernmental organization that builds and repairs medical facilities in this country has come to you to request that this equipment be donated to them. What should you do?

1. Donate all tools and equipment
2. Refuse the request
3. Donate only the tools and equipment whose value is below your purchase approval limit
4. Notify the appropriate management

Q6. Which of the following BEST describes when a project baseline should be changed?

1. When a major delay occurs
2. When an official change is made
3. When a cost increase occurs
4. Changes should never be made to the baseline

Q7. Which of the following helps the project team to look at many sources from which project risks may arise in a risk identification exercise?

1. Work Breakdown Structure
2. Risk Breakdown Structure
3. Risk register
4. Issue log

Q8. Which of the following is an output of the Define Activities process?

1. Milestone list
2. Project schedule activity diagrams
3. Resource calendar
4. Activity duration estimates

Q9. Your project is nearing completion, but a previously unidentified risk has arisen, and it could significantly affect one of the project deliverables. What do you do?

1. Transfer the risk
2. Develop a risk mitigation plan
3. Include the issue in the project risk log
4. Notify the project stakeholders immediately

Q10. All of the following are tools for of the Determine Budget process EXCEPT:

1. Aggregation
2. Reserve analysis
3. Funding limit reconciliation
4. Bottom-up estimating