Project Management Question Bank
for Exam preparation

Q2. Which of the following would be the BEST project to select?

1. A project that will take six years to complete and has an NPV of $45,000
2. A project that will take three years to complete and has an NPV of $85,000
3. A project that will take eight years to complete and has an NPV of $30,000
4. A project that will take 10 years to complete and has an NPV of $60,000

Q3. Once a project’s business case has been approved, what should be done next?

1. Identify and analyze project stakeholders and associated risks
2. Create the project charter
3. Identify market demand
4. Conduct and cost-benefit analysis

Q4. Which of the following is NOT used in initiating a project?

1. Project statement of work.
2. The contract.
3. Enterprise environmental factors.
4. Earned value analysis.

Q5. A project manager is spending most of the project funding in the current phase of the project. The manager is also managing various resources in the project. What is the stakeholder influence on the project now compared to earlier phases?

1. Cannot be determined
2. More
3. Less
4. Same

Q6. Nancy’s project has a large number of key positive and negative stakeholders. To ensure the project’s success, it is essential to manage the influential negative stakeholders closely. Do the key positive stakeholders need to be managed, too?

1. No; more attention needs to be given to the key negative stakeholders.
2. The positive stakeholders need to be closely managed, as well, since stakeholders’ needs and expectations change over time.
3. Project stakeholders should not be classified as positive and negative stakeholders.
4. Yes; positive stakeholders should be more closely managed than the negative stakeholders.

Q7. A project manager is preparing the WBS for a software project. The WBS includes all the product and project work but excludes the project management work. From the following choices, choose a statement that correctly describes this situation.

1. This is incorrect. Include product work and project management as part of the WBS but exclude project work.
2. This is incorrect. Project work and project management are part of the WBS, but product work is not.
3. This is incorrect. Include product work, project work, and project management work.
4. This is correct. Include product and project work as part of the WBS but exclude project management work.

Q8. Which process is concerned with providing forecasts to update current cost information?

1. Monitor and Control Project Work
2. Project Management Information System
3. Close Project or Phase
4. Direct and Manage Project Work

Q9. You are a project manager leading a US $3,000,000 chemical engineering project. To date, you’ve been leading the other 11 people who comprise the overall project team. Lately you’ve noticed that you are spread too thin and the schedule is being negatively impacted. Because the project is date-constrained, you convinced senor management to accept a cost variance and add a senior quality assurance analyst to the project team. This new resource will work directly with the three project team members who comprise the testing sub-team. How many more communication channels will there be on the project team?

1. 12
2. 11
3. 78
4. 66

Q10. You have a contract to build a manufacturing plant in Kuala Lumpur. However, you are not familiar with the building codes in Kuala Lumpur or Malaysia, so you are reviewing all their building codes prior to “turning a shovelful of earth.” This is an example of:

1. Project initiation
2. Quality assurance
3. Quality planning
4. Quality control