Project Management Question Bank
for Exam preparation

Q2. Which of the following documents the formal or informal assessments of the project team's effectiveness?

1. Team Performance Assessments
2. Project Performance Appraisals
3. Observations
4. Conversations

Q3. During the Define Activities process, a team member begins to discuss activities that the project manager has never heard discussed. What should the project manager do?

1. Make sure he has a good understanding of the activities and include the activities in the activity list.
2. Ask the team member to explain why such activity would be needed to complete the work package
3. Make sure the entire team agrees that the activities should be done
4. Evaluate the impact of the change.

Q4. All of the following are inputs to the procurement process EXCEPT:

1. Project scope statement
2. Market conditions
3. Product description
4. Procurement statement of work.

Q5. Project risks should be identified by:

1. Those invited to the risk identification process only
2. Key project stakeholders only
3. The project manager only
4. All project personnel

Q6. Sandra is managing a software development project. The project has many stakeholders having a negative attitude toward the project. Sandra knows she can’t keep everybody happy but still can try her best to manage them. Which of the following can help Sandra manage these negative stakeholders better?

1. Ignore them
2. Send them project updates
3. Engage them in project decisions
4. Send inaccurate project reports

Q7. Project A has an internal rate of return (IRR) of 21 percent. Project B has an IRR of 7 percent. Project C has an IRR of 31 percent. Project D has an IRR of 19 percent. Which of these would be the BEST project?

1. Project A
2. Project
3. Project C
4. Project D 8

Q8. Analogous Cost Estimating is which of the following?

1. Uses statistical relationship between historical data and other variables
2. Generally less accurate
3. Bottom-up estimating
4. Generally accurate

Q9. Which of the following BEST describes what a network diagram is used for when the work is being completed?

1. To track the flow of information in system, looking at all the interfaces
2. To determine if the evaluation criteria should be created before the contract statement of work is written
3. To see if the cost of a change exceeds the project cost baseline
4. To evaluate the reward system’s effectiveness 35

Q10. Perform Qualitative Risk Analysis is a quick way to prioritize how a project team will respond to risks. It is based on risk _________________ and _________________.

1. Probability, exposure
2. Probability, impact
3. Probability, focus
4. Exposure, cost