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Project Management Question Bank
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Question:

The banks in the Ukraine have raised the annual interest rates sharply to 30 percent. You have the option to invest your money either in Ukrainian banks or to build a small factory for a client. The total cost of building the factory will be $12 million but it will spread evenly over one year ($1 million payable by the end of each month for the next 12 months). The client will make a payment of $3.9 million at the end of each quarter from the start of the project. Which of the following is the best option (if you are only considering the return on investment)?
  1. Build the factory for the client
  2. Invest the money in the bank for a year
  3. Both options offer the same payoff
  4. Information given is insufficient to determine the best option






Q2. A project may be selected based on all of the following EXCEPT:

  1. Benefit measurement
  2. Net present value (NPV)
  3. The number of resources used
  4. Value analysis
Correct Answer

Q3. During project executing, a team member comes to the project manager because he is not sure of what work he needs to accomplish on the project. Which of the following documents contain detailed descriptions of work packages?

  1. WBS dictionary
  2. Activity list
  3. Project scope statement
  4. Project scope management plan
Correct Answer

Q4. Which of the following is NOT an output of the Manage Stakeholders process?

  1. Approved corrective actions
  2. Deliverables
  3. Updates to the project management plan
  4. Organizational process asset updates 46
Correct Answer

Q5. All of the following are part of the Perform Quality Control process EXCEPT:

  1. Pareto chart
  2. Control charts
  3. Inspection
  4. Quality audits.
Correct Answer

Q6. Adaptive project lifecycles, in comparison with predictive project lifecycles, are developed with the intent of:

  1. Eliminating cost of changes throughout the project’s lifecycle
  2. Providing agility in responding to change
  3. Maximizing cost of changes throughout the project’s lifecycle
  4. Minimizing cost of changes throughout the project’s lifecycle
Correct Answer

Q7. You have designed an improvised system for a consumer product that could decrease repair cost for the consumer. Management is impressed with your idea, but has decided to wait until next year to implement it. What is the BEST thing to do?

  1. Advise government officials that there is a better alternative that could save the public money
  2. Wait until next year
  3. Go to one of your competitors with the idea in order to save consumers cost
  4. Tell everyone you come in contact with that you have a better design
Correct Answer

Q8. Henry is the project manager for a process improvement project. Henry is a recently hired Six Sigma expert. David is the process owner of the process Henry must optimize. During the project kick-start meeting with the project sponsor, David said he supports all continuous improvement efforts. However, David is unaware of the Six Sigma technique and feels threatened by the newly hired expert, and as a result, is blocking Henry’s ideas. What is David’s current engagement level with the project?

  1. Unaware
  2. Supportive
  3. Resistant
  4. Neutral
Correct Answer

Q9. Which of the following is an example of a parametric estimate?

  1. Dollars per module
  2. Learning bend
  3. Bottom-up
  4. CPM
Correct Answer

Q10. You are in the planning phase of a project and you find that, due to a miscommunication, some additional features were added to the product which were not requested by any of your stakeholders. Which of the following could help you avoid such a situation?

  1. Requirements traceability matrix
  2. WBS
  3. RACI chart
  4. Checklist analysis
Correct Answer








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