Project Management Question Bank
for Exam preparation

Q2. Your company is considering buying a building worth $1 million. If the company buys this building and rents it out for the next five years, it will get $100,000 per year as rent (receivable by the end of each year). At the end of the fifth year, the company will resell the building at $1.1 million. What is the NPV of this investment at 10 percent per annum discount rate?

1. 62092
2. 600000
3. 1600000
4. 2200000

Q3. All of the following are required to bring a project to closure EXCEPT:

1. Perform project feedback with the team
2. Obtain sign-off from the customer
3. Review project documentation for completeness
4. Update the project management plan

Q4. Christine is managing a healthcare software development project. At a PMI conference, she met George who is the project manager at a competitor organization. George is a PMP and has successfully delivered many successful healthcare related software development projects. If George shares his stakeholder management experience with Christine, will that be considered Expert Judgment?

1. No! George is a project manager at a competitor organization.
2. Yes! George is an expert in managing such projects.
3. Yes! All participants at a PMI conference are experts.
4. No! This would be an example of expert opinion and not expert judgment.

Q5. During which risk management process is a determination to transfer a risk made?

1. Identify Risks
2. Perform Quantitative Risk Analysis
3. Plan Risk Responses
4. Control Risks

Q6. Theory X postulates that people:

1. Are motivated by pay
2. Have expectations
3. Need to be watched every second
4. Can direct their own efforts.

Q7. You are managing a project and find you need to apply resource leveling. Which of the following tools can help you identify resources that are overallocated?

1. Resource Assignment Matrix
2. Network diagram
3. Resource Histogram
4. Resource Breakdown Structure

Q8. If a project manager focuses on ensuring that the project satisfies the needs for which it was undertaken, the project manager is involved in:

1. Cost management
2. Time management
3. Quality management
4. Scope management

Q9. Due to corporate restructuring, the project sponsor, a major stakeholder, and the CEO have level the company. The project manager’s project is past the halfway point and the remaining members of the management team have been lukewarm toward the project. The new CEO does not place a high value on project management methodology, and the project team is nervous about its future. Under these circumstances, what is the project manager’s primary responsibility?

1. Try to determine if the tea should continue to work on the project.
2. Ensure that a conflict of interest does not compromise the legitimate interests of the customer.
3. Interact with others in a professional manner while completing the project.
4. Provide accurate and truthful representations in all project reports.

Q10. Configuration management tool selection should be based on the needs of the project stakeholders including organizational and environmental considerations and/or constraints. Which of the following is not a key configuration management consideration while selecting an appropriate configuration management tool for a project?

1. Identification and selection of configuration items.
2. Recording and reporting of configuration item status.
3. Configuration item verification and audit.
4. Procedures for accepting and rejecting change requests.