Project Management Question Bank
for Exam preparation

Q2. In response to a risk, the project manager meets with the team and management to develop a strategy. After discussions, they decide that it would be best to make sure the risk definitely happens. This is an example of which risk response strategy?

1. Share
2. Exploit
3. Accept
4. Enhance.

Q3. In projects where there is a gap between the real business requirements and the stated business requirements, agile methods are extremely helpful. Agile methods provide a solution to this problem by:

1. Completing the project quickly so that gap is significantly reduced.
2. Replacing the project manager with a Scrum master in order to expedite the project.
3. Purposefully building and reviewing prototypes and release versions to refine requirements.
4. Eliminating the documentation altogether from the project management approach.

Q4. What is the purpose of a decision tree?

1. It determines what events may take place
2. It demonstrates the path of events in a project.
3. It calculates the probability of an outcome
4. It takes into account future events for today’s choices

Q5. Which of the following is an agile prototyping technique showing sequence or navigation through a series of images or illustrations:

1. Nominal group technique
2. Mind mapping
3. Decision trees
4. Storyboarding

Q6. Earned value measurement is an example of:

1. Performance reporting
2. Planning control
3. Ishikawa diagrams
4. Integrating the project components into a whole.

Q7. You are taken to lunch by one of your sellers who has become a friend. He gives you an opportunity to participate in a new venture in association with his company, unrelated to your current employment. What should you do?

1. Refuse to participate
2. Participate
3. Participate but advise your employer of the offer
4. Request your employer’s consent for your participation.

Q8. An important aspect of project management is the handling of stakeholder expectations. Typically, at what level are the stakeholders with respect to the project manager?

1. At higher levels and with greater authority
2. At all levels and with varying degrees of authority
3. At higher levels but only the project sponsor has authority greater than the project manager
4. At the same level with varying degrees of authority

Q9. The transition from one phase to another within a project's lifecycle (e.g., from design to manufacturing) is typically marked by:

1. Kill point
2. Monte Carlo
3. Constraint
4. Decision tree

Q10. Which of the following should be avoided while applying logical relationships to project activities:

1. Applying the SS relationship with a lead
2. Applying the SS relationship with a lag
3. Applying the SF relationship
4. Applying multiple relationships between the same activities