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Project Management Question Bank
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Question:

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






Q2. You are managing a construction project. Your company does not specialize in construction design so you outsourced the construction design to a third party. You are conducting regular procurement performance reviews and are dissatisfied. You want to carry out a detailed audit of the design supplier’s work processes to determine the root cause. Can you do that?

  1. Yes, it is a good project management technique advocated by the PMBOK guide.
  2. Yes, if there is a provision in the contract allowing work process audits.
  3. No, you are only authorized to perform quality audits on the delivered products and not the supplier’s internal work processes.
  4. No, a detailed procurement audit cannot be performed until you terminate the contract.
Correct Answer

Q3. If a risk has a 20 percent chance of happening in a given month, and the project is expected to last five months, what is the probability that this risk event will occur during the fourth month on the project?

  1. Less than 1 percent
  2. 20 percent
  3. 60 percent
  4. 80 percent.
Correct Answer

Q4. A RAM diagram shows the relationship between ______________ and _____________ in a tabular format.

  1. Cause and effect
  2. Risks and mitigation plans
  3. Deliverables and costs
  4. Work packages and project team members
Correct Answer

Q5. Some project managers take communication lightly while managing a project. However, a good project manager must take communication very seriously and must be an effective and efficient communicator. Which of the following is not a fundamental attribute of effective communication?

  1. Clarity on the purpose
  2. Understanding receiver's communications requirements
  3. Relying on verbal communications
  4. Monitoring communications
Correct Answer

Q6. You have just received an invoice from your supplier that contains some uncertified items. Payments to the supplier are processed through your corporate accounts payable system only after certification of satisfactory work by the project quality control specialist. What should you do?

  1. Process the supplier’s invoice since this is your liability
  2. Call the supplier and obtain more information
  3. Ask the supplier to stop all deliveries until the matter has a resolution
  4. Seek judicial arbitration
Correct Answer

Q7. A project team is scattered across North America, South America, and Europe. There are seven companies working on the project and 67 core team members. Which of the following would have the GREATEST impact on making the situation easier to manage?

  1. A project scope statement
  2. A staffing management plan
  3. A change control system
  4. More time spent scope planning.
Correct Answer

Q8. A project manager scheduled a review at the end of a phase, with the objective of obtaining authorization to close the current project phase and initiate the next phase. Which of the following is an incorrect way of describing this review?

  1. Phase gate
  2. Phase planning
  3. Kill point
  4. Stage gate
Correct Answer

Q9. While testing the strength of concrete poured on your project, you discover that over 35 percent of the concrete does not meet your company’s quality standards. You feel certain the concrete will function as it is, and you don’t think the concrete needs to meet the quality level specified. What should you do?

  1. Change the quality standards to meet the level achieved.
  2. State in your reports that the concrete simply “meets our quality needs.”
  3. Ensure that the remaining concrete meets the standard
  4. Report the lesser quality level and try to find a solution.
Correct Answer

Q10. Which of the following statements regarding team-building is correct?

  1. Team-building is essential during the middle of a project, and from there it is an ongoing process.
  2. Team-building is essential during the end of a project, and it is a one-time process.
  3. Team-building is essential during the end of a project, but it is an ongoing process.
  4. Team-building is essential during the front end of a project, but it is an ongoing process.
Correct Answer










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