Project Management Question Bank
for Exam preparation

Q2. A decision tree is a Perform Quantitative Risk Analysis technique. A decision tree is represented by a Decision Tree Diagram. The decision tree describes a situation under consideration, the implications of each of the available choices, and the possible scenarios. A Decision Tree Diagram shows how to make a decision among alternative capital strategies known as:

1. Alternative nodes
2. Question points
3. Decision nodes
4. Checkpoints

Q3. You are forming a virtual project team that includes members from four different countries around the world. What is NOT an obstacle you must overcome to build an effective team?

1. Different time zones
2. Communication issues
3. Cultural differences
4. Members wanting to work from home

Q4. The Close Project process includes all of the following EXCEPT:

1. Analysis of project success
2. Ensuring that records include final specifications
3. Creating a project risk management plan
4. A collection of project records

Q5. You have a choice of four ongoing projects that you can take over as project manager. Project 1 has a benefit cost ratio (BCR) of 1.4, is a high priority project and has a critical path length of 16 months. Its cost performance index (CPI) is 1.2. Project 2 has a schedule performance index (SPI) of 1.1, is using three critical resources, has a low priority, and has a BCR of 1.1. Project 3 has a CPI of 1.2, an SPI of 0.89, a BCR of 1.6, and a critical path length of 19 months. Project 4 has a CPI of 0.82, an activity with 33 days of float, a hard-to-get resource assigned to activity L, and a priority of keeping cost low. Based on the above, which project would you prefer to take over?

1. Project 1
2. Project 2
3. Project 3
4. Project 4

Q6. You have been developing a next generation electric engine for high-speed electric trains. The project is 25% completed, you have spent 21% of your budget and you are slightly behind the schedule. The client is worried and asks you to provide him with the progress and forecasting report as soon as possible. So, you start collecting information such as the start and finish dates of scheduled activities, number of change requests, number of defects, actual costs, actual durations, etc. These are examples of:

1. Work performance measurements
2. Work performance data
3. Work performance information
4. Parameters

Q7. A project manager is taking over a project from another project manager during the planning process group. If the new project manager wants to see what the previous project manager planned for managing changes to the schedule, it would be BEST to look at the:

1. Communications management plan
2. Update management plan
3. Staffing management plan
4. Schedule management plan 71

Q8. Halfway through the executing process of your project, a team member alerts you to a potential cost overrun for a specific deliverable. What do you do FIRST?

1. Determine the projected actual cost
2. Implement a change control process to track the change
3. Inform the customer.
4. Determine the cause of the overage

Q9. The project manager has a team scattered across four countries. The team members are experts in their fields and a few are certified project managers. To deal with the distance, the project manager creates ground rules with the team, and has virtual meetings to deal with the cultural differences. Which of the following additional activities would have the GREATEST impact on the project?

1. Plan Communications
2. Acquire Project Team
3. Define Scope
4. Sequence Activities

Q10. Project A has an internal rate of return (IRR) of 21 percent. Project B has an IRR of 7 percent. Project C has an IRR of 31 percent. Project D has an IRR of 19 percent. Which of these would be the BEST project?

1. Project A
2. Project
3. Project C
4. Project D 8