Project Management Question Bank
for Exam preparation

Project Management- Q2. A project is facing the following risks: 20 percent chance a part is not available, creating an additional fee of US $30,000; 10 percent chance the team requires additional training for a cost of US $12,000; 25 percent chance the second planned quality test costing US $8,000 is unnecessary. What is the expected monetary value of these risks?

1. $50,000
2. $5,200
3. $42,000
4. $7,200 86

Project Management- Q3. Nancy is engaged in the construction of three office buildings. Although the construction sites are in various places, she has managed each team efficiently to complete the work on time and within budget. Which of the following statements describes the effort Nancy is doing?

1. Construction of each building is an operational work because it is repetitive in nature.
2. The building construction is considered neither a project nor operational work.
3. Construction of all three buildings is considered one project.
4. Construction of each building is a project because each building is separate in nature.

Project Management- Q4. An activity can be completed in 5 days if the conditions are favorable; however, if the conditions are unfavorable, it will take 10 days to complete. The most likely time for this activity to be completed is 6 days. Determine the PERT estimate for this activity.

1. 6.5
2. 7
3. 5
4. 3.5

Project Management- Q5. During project executing, your project team member delivers a project deliverable to the buyer. However, the buyer refuses the deliverable, stating that it does not meet the requirement on page 300 of the technical specifications. You review the document and find that you agree. What is the BEST thing to do?

1. Explain that the contract is wrong and should be changed.
2. Issue a change order
3. Review the requirements and meet with the responsible team member to review the WBS dictionary.
4. Call a meeting of the team to review the requirement on page 300.

Project Management- Q6. An activity has an early start (ES) of day 3, a late start (LS) of day 13, an early finish (EF) of day 9 and a late finish (LF) of day 19. What is the activity’s float?

1. 10
2. 6
3. 3
4. 19

Project Management- Q7. While applying the logical relationships to the project activities, a project manager must be careful not to:

1. Have closed loops relationships between activities
2. Have FF relationships for the critical activities
3. Have FS relationships for the non-critical activities
4. Select the relationship with the highest impact

Project Management- Q8. A program management office (PMO) chose you to write a purchase order because of your expertise in business writing. You learned the PMO has already selected a seller for a software product and would like to award the procurement contract to the selected seller as a purchase order, which you must prepare. In this scenario, the PMO is administering:

1. The monitor stakeholder engagement process
2. The control procurements process
3. The plan procurement management process
4. The conduct procurements process

Project Management- Q9. During a work breakdown structure meeting, you have decomposed the deliverables into work packages and created your WBS dictionary. However, you now want to decompose the work packages to assist you in estimating, executing, and controlling the project. These decomposed work packages are:

1. Work packages can't be decomposed into smaller units
2. Activities
3. Milestones
4. Control Accounts

Project Management- Q10. Which of the following is neither an input to nor an output of the Develop Project Charter process?

1. A project charter
2. Expert Judgment
3. A business case
4. Benefits management plan