Project Management Question Bank
for Exam preparation

Q2. Which of these is an input to the Monitor Risks process?

1. Risk audits
2. Change requests
3. Work performance information
4. Work Performance Reports

Q3. If Project A has a net present value (NPV) of US $30,000 and project B has an NPV of US $50,000, what is the opportunity cost if project B is selected?

1. $23,000
2. $30,000
3. $20,000
4. $50,000

Q4. If the optimistic estimate for an activity is 12 days, and the pessimistic estimate is 18 days, what is the standard deviation of this activity?

1. 1
2. 1.3
3. 6
4. 3

Q5. A project manager is trying to coordinate all the activities on the project and has determined the following: Activity 1 can start immediately and has an estimated duration of 1 week. Activity 2 can start after activity 1 is completed and has an estimated duration of 4 weeks. Activity 3 can start after activity 2 is completed has an estimated duration of 5 weeks. Activity 4 can start after activity 1 is completed and has estimated duration of 8 weeks. Both activities 3 and 4 must be completed before the end of the project. What is the duration of the critical path for this project?

1. 10
2. 11
3. 14
4. 8

Q6. Jim is managing a road network design project for a government agency. He is currently carrying out the Plan Stakeholder Engagement process for the project. Which of the following documents will provide the list of project stakeholders to Jim for this process?

1. Organizational process assets
2. Project management plan
3. Stakeholder register
4. Enterprise environmental factors

Q7. What does the following sentence refer to? “The point where the benefits or revenue to be received from improving quality equals the incremental cost to achieve that quality.”

1. Quality control analysis
2. Marginal analysis
3. Standard quality analysis
4. Conformance analysis

Q8. Crashing helps you bring the project back on schedule if it is late. Which of the following statements is true about crashing?

1. Crashing should be done on the critical path
2. Crashing does not increase the cost
3. In crashing, you don’t start activities in parallel
4. All of the above

Q9. Which of the following tools and techniques is useful to process work performance data to identify sources of project defects during the Control Quality process?

1. Data analysis
2. Salience model
3. Schedule model
4. Communication model

Q10. If you are managing changes to the project's cost baseline, which process are you using?

1. Negotiate Costs
2. Estimate Costs
3. Control Costs
4. Determine Budget