Project Management Question Bank
for Exam preparation

Q2. A team member from research and development tells you that her work is too creative to provide you with a fixed single estimate for the activity. You both decide to use the average labour hours per installation from past projects to predict the future. This is an example of which of the following?

1. Parametric estimating
2. Three-point estimating
3. Analogous estimating
4. Monte Carlo analysis 48

Q3. Fill in the blank. _______________ indicates that planning and documentation are iterative or ongoing activities.

1. Progressive management
2. Iterative elaboration
3. Waterfall development
4. Progressive elaboration

Q4. A SWOT analysis helps you identify opportunities which arise from organizational strengths threats dues to its weakness. According to this analysis, analyzing the strengths and weaknesses is a part of:

1. Internal factors
2. External factors
3. Discretionary factors
4. Mandatory factors

Q5. A company manages SBG contracting bids for government tenders and all successful bids as a separate project. The structure of the company is mainly projectized for a dedicated project team to manage each project. However, to realize economies of scale, there are some central departments that serve all projects. Which of the following role is most likely to be working in a central department instead of directly working with a project team?

1. Quality control inspector
2. Construction manager
3. Project planner
4. Procurement administrator

Q6. What percent of time do project managers spend communicating?

1. 90%
2. 20%
3. 70%
4. 25%

Q7. Your cost forecast shows that you will have a cost overrun at the end of the project. Which of the following should you do?

1. Eliminate risks in estimates and re-estimate.
2. Meet with the sponsor to find out what work can be done sooner.
3. Cut quality.
4. Decrease scope.

Q8. Nancy is carrying out cost-benefit analysis for a project. If undertaken, the project will start in January next year and end by December. The project will incur a constant cost of $10,000 each month (payable by the end of each month) giving a total cost of $120,000 for the project. The revenue from the project is collected on a quarterly basis. The total revenue for the project by the end of December will be $200,000. The opportunity cost of the project is 12 percent which is the bank interest rate Nancy can get if she does not invest in this project. The total present value of all cash outflows is $112,551, while the total present value of all cash inflow is $185,721. What is the benefit-to-cost ratio for the project?

1. 1.67
2. 0.6
3. 1.65
4. 0.61

Q9. During the control quality process, you are reviewing a chart which has some lines above and below the x-axis and a cyclic line between them. What is the purpose of this chart?

1. To gather quality control data
2. To find the dependency between the variables
3. To find the trend
4. To determine if the process is stable

Q10. Mark is managing an airport construction project. He is currently identifying his project stakeholders, and he has compiled a long list of stakeholders already. Managing expectations of every project stakeholder is not practical. What should he do in this situation?

1. Project stakeholders should be prioritized based on their influence and interest.
2. Stakeholder analysis should be outsourced.
3. Non-key stakeholders should be dropped from the stakeholder register.
4. Stakeholder management processes should not be followed for such complex projects.