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Project Management Question Bank
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Question:

Based on historical data, the amount of overtime associated with the design effort of a project is estimated at 100 hours with 0.4 probability, 200 hours with 0.4 probability, and 300 hours with 0.2 probability. What is the expected monetary value of the amount of overtime?
  1. 100 hours
  2. 160 hours
  3. 180 hours
  4. 260 hours.






Q2. Variance analysis refers to cost performance measurements used to determine the magnitude of variation in comparison to the original cost baseline. What is the trend on the percentage range of acceptable variances as the project progresses?

  1. The percentage range of acceptable variances will tend to decrease as the project progresses.
  2. The percentage range of acceptable variances will tend to increase as the project progresses.
  3. The percentage range of acceptable variances will tend to decrease first and then increase as the project progresses beyond 50 percent completion.
  4. The percentage range of acceptable variances remain the same as the project progresses.
Correct Answer

Q3. Melissa is managing a hardware deployment project and is creating a risk management plan. Which of the following would not be included in this plan?

  1. Templates
  2. Roles and responsibilities
  3. Budgeting
  4. Methodology
Correct Answer

Q4. If you are creating a new WBS for your project, what should you do to save time during the creation process?

  1. Delegate the WBS creation since it is not an important process.
  2. Skip the WBS process.
  3. Use a previous WBS from a similar project as a template.
  4. Create a less detailed WBS.
Correct Answer

Q5. Interpersonal skills are important for a project manager as they help him or her to manage stakeholders properly. Which of the following is not an interpersonal skill?

  1. Communication style assessment
  2. Political awareness
  3. Work environment
  4. Cultural awareness
Correct Answer

Q6. Originally a project has seven activities: A, B, C, D, E, F, and G. Activities A, B, and D can start anytime. Activity A takes three weeks, activity B takes five weeks, and activity D takes 11 weeks. Activities A and B must be completed before activity C can start. Activity C takes six weeks to complete. Activities B, C, and D must be completed before activity E can start, and activity E takes two weeks. Activity F can start as soon as activity C completes and has duration of four weeks. Activity G takes three weeks and cannot start until activity E is completed. Activities F and G must be completed for the project to be completed. However, during project executing, a dependency was discovered between activities E and F. What is the BEST thing to do?

  1. Tell management that the project will take longer than 18 weeks.
  2. Redo schedule development
  3. Call a team meeting and determine if crashing or fast tracking are possible solutions to meeting the original schedule
  4. Call a meeting of stakeholders and communicate schedule risks.
Correct Answer

Q7. Which of the following statements is correct?

  1. A collection of unrelated programs can constitute a portfolio.
  2. The scope of a portfolio is typically smaller than that of a program.
  3. A program is a group of unrelated projects.
  4. A program need not consist of projects.
Correct Answer

Q8. Validate Scope is closely related to:

  1. Perform Quality Control
  2. Sequence Activities
  3. Perform Quality Assurance
  4. Time Management
Correct Answer

Q9. Tracey is managing an ERP system implementation project. Which of the following tools can help her uncover a number of hidden process requirements during the Collect Requirements process?

  1. Observation
  2. Questionnaires
  3. Surveys
  4. Nominal group technique
Correct Answer

Q10. Your company is concerned about improving its project performance. Internal measures have been created and have helped to identify areas needing improvement. Additional measures of performance are still needed. Which of the following would be the BEST thing to do?

  1. Calculate the benefit to cost of purchasing a new piece of equipment.
  2. Determine the project scope and measures to ensure the scope is met
  3. Perform a root cause analysis on the quality problems that have occurred on the project
  4. Read a project management magazine each month, and look at the results of other companies’ projects to help determine quality measures for future projects.
Correct Answer










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