Project Management Question Bank
for Exam preparation

Project Management- Q2. An experienced project manager has just begun working for a large information technology integrator. Her manager provided her with a draft project charter and immediately asks her to provide an analysis of the risks on the project. Which of the following would be the BEST help in this effort?

1. An article from PM Network Magazine.
2. Her project scope statement from the project planning process.
3. Her resource plan from the project planning process.
4. A conversation with a team member from a similar project that failed in the past.

Project Management- Q3. In planning your project, which would generally have the highest priority; quality, cost, or schedule?

1. Cost is most important, quality next, and then schedule
2. Quality is more important than cost or schedule
3. Schedule is most important, quality next, and then cost
4. It should be decided for each project.

Project Management- Q4. Your boss has asked you for a cost baseline for the project, but it is early in the project management process and there is very little project information. In this circumstance, what is the BEST way to estimate this project?

1. Extrapolate from historical data
2. Ask the team for estimates of each activity
3. Provide a rough order of magnitude estimate
4. Calculate an estimate using the schedule model

Project Management- Q5. When should the Validate Scope process be done?

1. At the end of the project
2. At the beginning of the project
3. At the end of the each phase of the project
4. During the planning processes

Project Management- Q6. Various tools and techniques determine project requirements during the Collect Requirements process. These requirements form the basis for defining the project scope. One of the responsibilities of a project manager is to identify key project deliverables during this exercise. Where are the key project deliverables documented?

1. Scope Management Plan
2. Requirements Management Plan
3. Project Scope Statement
4. Accepted Deliverables

Project Management- Q7. The calculated duration of a project of 28.166. The standard deviation is 5.5. What technique would you use to compute the probability of completing a project on a specific day?

1. Reserve analysis
2. Monte Carlo analysis
3. Probability analysis
4. Variance analysis 44

Project Management- Q8. The probability and impact matrix helps you rank risks so you can develop your risk management plan accordingly. Which statement is true about the probability and impact matrix?

1. It includes high-grade risks with its impact
2. It includes low-grade risks with its impact
3. Here the definition of probability and impact is decided
4. A grid showing probability and impact of the risk

Project Management- Q9. If you are working on a project where there is no definite detailed scope, but there are similar projects in the past, what is the correct Estimate Activity Durations tool to use?

1. Analogous Estimating
2. Parametric Estimating
3. Critical Path Estimation
4. Three Point Estimating

Project Management- Q10. During the review of a control chart, you observe that the limit for one deliverable is below the lower control limit but above the specification limit. What will your next step be?

1. As it is within the specification limits, no action will be taken
2. You will take corrective action
3. You will replace the product
4. You will adjust the control limits