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Project Management Question Bank
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Question:

Velvet is working for a chemical industry, and her management proposed two different projects to manufacture benzene for commercial use. After doing financial analysis, the financial advisor provided her with the following statistics about the projects: Project 1: 60 percent probability of success with a profit of $500,000 and 20 percent probability of failure with a loss of $200,000. Project 2: 30 percent probability of success with a profit of $300,000 and 30 percent probability of failure with a loss of $400,000. Based on the information above, Velvet should choose:
  1. Either project 1 or project 2
  2. Neither project 1 nor project 2
  3. Project 2
  4. Project 1






Q2. The project was going well until the director of marketing discovered that two of her staff members were working different versions of the sampling plan, a product of your project. Which of the following BEST describes what needs the attention of the project manager on this project?

  1. Stakeholder management
  2. Resource allocation
  3. Staffing management plan
  4. Configuration management
Correct Answer

Q3. The project manager on a large software installation project is working with her team on a critical set of activities. They are working late on Saturday night. Circumstances create the wherein the project manager must decide to change the schedule that will push the end date of the project out two weeks. What has MOST likely happened?

  1. An emergency project change has taken place.
  2. Scope creep has occurred
  3. A status change to the implementation has taken place.
  4. Risk assessment failure has taken place
Correct Answer

Q4. While developing the project schedule, you find that the completion of a successor activity depends on the completion of its predecessor activity. What is this dependency called?

  1. Start-to-Finish
  2. Start-to-Start
  3. Finish-to-Start
  4. Finish-to-Finish
Correct Answer

Q5. You are working as a project manager for a wind-powered vehicle manufacturing project which is in its planning phase. You carefully gathered all your requirements from your key stakeholders and prepared a system requirements specification and project requirements specification. While presenting your specifications to the project team, an enthusiastic project team member started talking about the duration estimates for each activity. Which of the following statements indicates your response to your team member?

  1. WBS creation and Schedule development must be done after estimating durations.
  2. Schedule development and Costs estimation must be done before estimating durations.
  3. Scope definition, WBS creation, Quality planning, and Communication planning must be done before estimating durations.
  4. Scope definition, WBS creation, Activity definition, and Activity sequencing must be done before estimating durations.
Correct Answer

Q6. You have been assigned as a project manager for a project which was terminated a few years earlier due to some government regulations. Now you reviewing this document to start again. This document is an example of:

  1. Enterprise environment factor
  2. Organizational process assets
  3. Stakeholder analysis
  4. Control scope
Correct Answer

Q7. A technique that enhances brainstorming with a voting process used to rank the most useful ideas so they can be taken up for further brainstorming is:

  1. Six thinking hats
  2. Nominal group technique
  3. Affinity diagram
  4. Mind mapping
Correct Answer

Q8. About midway through the project, the project manager learns that most members of the project team are not reviewing the weekly project updates. What should the project manager do?

  1. Create a signature log so team members can indicate when they have read the project updates.
  2. Revise the communications management plan appropriately to meet the informational needs of the stakeholders.
  3. Improve the layout of the weekly project updates to encourage reading by team members.
  4. Require the reading of the project updates in order to receive any rewards on the project.
Correct Answer

Q9. One key characteristic of adaptive lifecycles, such as the agile approach for product development, is that product features are developed using:

  1. Sandwiched periods of effort
  2. Squeezed periods of zero-error sprints
  3. Reverse engineered products
  4. Time-boxed periods of work
Correct Answer

Q10. Documents that serve as historical records for future projects are archived:

  1. Throughout the project
  2. Before the end of planning
  3. Before the end of execution
  4. During closure
Correct Answer










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