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Project Management Question Bank
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Question:

In planning your project, which would generally have the highest priority; quality, cost, or schedule?
  1. Cost is most important, quality next, and then schedule
  2. Quality is more important than cost or schedule
  3. Schedule is most important, quality next, and then cost
  4. It should be decided for each project.






Q2. To reduce delivery delays and process downtime, your organization has recognized a need to replace their legacy manufacturing system with a modern software application. Your IT director anticipates a project to fulfill this business need; however, he warns that the new project’s budget cannot exceed $75,000 due to shortages in the department budget. He also indicates that no additional staff will be allocated to this project other than the existing IT staff. If you become the project manager, you would document these initial project conditions as:

  1. Project assumptions
  2. Business case
  3. Project constraints
  4. Enterprise environmental factors
Correct Answer

Q3. You have been asked to create a graphic display of schedule-related information, listing schedule activities on the left side of the chart, dates on the top, and activity durations as date-placed horizontal bars on the right side. What is such a chart called?

  1. PERT chart
  2. Gantt chart
  3. Hunt chart
  4. GERT chart
Correct Answer

Q4. You have just been assigned as the project manager for a new telecommunications project that is entering the second phase of the project. There appear to be many risks on this project, but no one has evaluated them to assess the range of possible project outcomes. What needs to be done?

  1. Plan Risk Management
  2. Perform Quantitative Risk Analysis
  3. Plan Risk Responses
  4. Control Risks.
Correct Answer

Q5. A project manager received executive orders to deliver the project two weeks earlier than scheduled, doing whatever it takes. He decided that the least costly means would be to add resources to critical path activities in order to shorten the time of those activities. In this case, the project manager has:

  1. Fast tracked the critical path part of the project schedule
  2. Decomposed the critical path WBS
  3. Leveled resources
  4. Crashed the critical path
Correct Answer

Q6. Though it was difficult, the project manager received agreement to the project charter from all four sponsors involved on the project and the US $400,000 project was approved. Now the cost variance for the project is -$500 and the last performance review was positive. Just when the project entered its second phase, a team member on a noncritical path activity announced she was leaving the company. The float of activity L changed from two to four days. Only one unidentified risk has occurred with a minor impact. The last quality review showed that the project has made use of the results of the last design of experiments. Based on this information, what should the project manager do NEXT?

  1. Complete closure of the first phase
  2. Fast track the project to add more float
  3. Review the management plans
  4. Investigate additional risks caused by the difficulty with the senior managers.
Correct Answer

Q7. Due to a tight project schedule, a project manager did not document lessons learned throughout the project cycle. However, at the end of the project, he finally documented the lessons learned. Your comment on this is:

  1. This is not OK. Lessons learned must be documented throughout the project as well as at the end of the project.
  2. This is OK. Lessons learned should be documented at the end of the project.
  3. This is not OK. Lessons learned need to be documented throughout the project and must not be done at the project’s end.
  4. This is correct. Lessons learned are intended to be documented only at the project’s end.
Correct Answer

Q8. Stakeholder identification is a continuous process. Which of the following statements about stakeholders is incorrect?

  1. Positive stakeholders benefit from the outcome of a project.
  2. A project manager needs to focus on the positive stakeholders since their needs are best served by the project.
  3. Overlooking negative stakeholders can result in an increased likelihood of failure.
  4. Stakeholders can have conflicting or differing objectives.
Correct Answer

Q9. A new project manager asks you what the 50/50 rule is used for. You would reply?

  1. Crashing
  2. Quality
  3. Performance reporting
  4. Cost estimating
Correct Answer

Q10. Projects with adaptive life cycles use product backlogs to define a project’s scope. The product backlog is a set of:

  1. Voice of the customer
  2. User stories
  3. Client lullabies
  4. Non-functional requirements
Correct Answer








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