Project Management Question Bank
for Exam preparation

Q2. A hierarchical structure of project resources organized by category and resource type, used in planning, managing and controlling project work, is:

1. Team structure
2. Resource Pool
3. Organization Breakdown Structure
4. Resource Breakdown Structure

Q3. A project manager created a resource histogram. On the histogram, some bars extended beyond the maximum available hours. What does this usually signify?

1. This means that the resources on those bars are being underused.
2. This means that a resource optimization strategy needs to be applied.
3. This means the resources are producing outputs at a rate faster than the average rate.
4. This means that resources need to be reduced from the project.

Q4. Effective project integration usually requires emphasis on:

1. The personal careers o the team members
2. Timely updates to the project management plan
3. Effective communications at key interface points
4. Product control

Q5. A project manager must stress the importance of collecting and documenting lessons learned through the project lifecycle. One good way to collect this information is during weekly status meetings. Usually, weekly status meetings, if not managed properly, end up in firefighting since most of the time, attention goes to the burning issues. How can you ensure that the lessons-learned gathering does not get missed in such a situation?

1. Add a lessons-learned agenda item.
2. Record the minutes of the meeting.
3. Do not discuss burning issues in weekly status meetings.
4. Replace status update meetings with one-on-one meetings with the team members.

Q6. The Monitor Stakeholder Engagement process helps you increase the effectiveness of stakeholders' engagement with your project. Which of the following is not an output of this process?

1. Change request
2. Project document update
3. Issue log
4. Stakeholder management plan

Q7. Which of the following includes all of the relationships represented on an activity-on-node diagram?

1. Finish-to-start
2. Finish-to-finish
3. Finish-to-start, start-to-finish, finish-to-finish, start-to-start
4. Start-to-start, start-to-finish 36

Q8. Your project is ahead of schedule but over budget. Therefore, you ask your team member to collect data and compare it with the cost baseline. Which of the following is not included in the cost baseline?

1. Contingency reserve
2. Activity cost estimation
3. Management reserve
4. Activity contingency reserve

Q9. What is the difference between expected monetary value and net present value?

1. Expected value is the estimated value of the work actually accomplished and net present value is the value of the work to be done.
2. Expected value is the value it takes to recover your investment and net present value is the value of money.
3. Expected value is the probability times impact of an opportunity and net present value is the benefits less costs over many time periods.
4. Expected value is the estimated value of risk response plans and net present value helps determine the value of investments.

Q10. You have been managing a construction project in a developing country, and now you are closing the project. The tools and equipment that were used on the project have to be returned to your company’s European headquarters. A nongovernmental organization that builds and repairs medical facilities in this country has come to you to request that this equipment be donated to them. What should you do?

1. Donate all tools and equipment
2. Refuse the request
3. Donate only the tools and equipment whose value is below your purchase approval limit
4. Notify the appropriate management