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Project Management Question Bank
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Question:

A project charter that formally authorized a project was created. The project charter documented the initial requirements to satisfy stakeholders' needs and expectations. How often should the project charter be revised?
  1. At the beginning, middle, and end of a project
  2. Once a month
  3. Project charter is usually not updated during the course of the project.
  4. As required by the PMO






Q2. All of the following result from quality audits EXCEPT:

  1. Determination of whether project activities comply with organizational policies
  2. Improved processes to increase productivity
  3. Creation of quality metrics
  4. Confirmation of the implementation of approved change requests
Correct Answer

Q3. You are managing the project when you discover an estimated completion date will occur after the desired date. What should you do FIRST?

  1. Add resources to the project.
  2. Evaluate the possibility of doing more activities in parallel.
  3. Negotiate for more time
  4. Explain to the customer that the project cannot be done on schedule.
Correct Answer

Q4. Tom is managing a software development project. The buyer of the product is an external entity. During the project’s execution, Tom finds that a new operations manager was hired in the customer organization. The new manager is now a key stakeholder. Which of the following documents is least likely to be updated because of the addition of this new stakeholder?

  1. Stakeholder register
  2. Risk register
  3. Stakeholder engagement plan
  4. Issue log
Correct Answer

Q5. Nancy is carrying out cost-benefit analysis for a project. If undertaken, the project will start in January next year and end by December. The project will incur a constant cost of $10,000 each month (payable by the end of each month) giving a total cost of $120,000 for the project. The revenue from the project is collected on a quarterly basis. The total revenue for the project by the end of December will be $200,000. The opportunity cost of the project is 12 percent which is the bank interest rate Nancy can get if she does not invest in this project. The total present value of all cash outflows is $112,551, while the total present value of all cash inflow is $185,721. What is the benefit-to-cost ratio for the project?

  1. 1.67
  2. 0.6
  3. 1.65
  4. 0.61
Correct Answer

Q6. A fire has just destroyed a warehouse that was being constructed as part of a large project you are managing. What would have been the easiest way to ensure that this force majeure would not significantly impact the cost of the project?

  1. Reduce the impact of such risk by transference
  2. Reduce the probability that the event will take place
  3. Accept the risk
  4. Eliminate the threat by not building the warehouse.
Correct Answer

Q7. What leadership style should you employ during the first 2 weeks of project planning?

  1. Coaching
  2. Directing
  3. Supporting
  4. Facilitating
Correct Answer

Q8. After one year of construction, an office building is scheduled for completion on 30 January. The landscaping work needs to start 15 days prior to the building’s completion. Which of the following relationships most likely represents the relationship of the start of landscaping work to the completion of the office building?

  1. Finish-to-start with a 15-day lead
  2. Start-to-finish with a 15-day lead
  3. Finish-to-start with a 15-day lag
  4. Start-to-finish with a 15-day lag
Correct Answer

Q9. Another project has had a major defect, and the project manager has gotten the project team and the process engineers involved in analyzing how this might affect their project. Which of the following would BEST describe what the group is involved in?

  1. Quality Analysis
  2. Plan Quality
  3. Manage Quality
  4. Perform Quality Control.
Correct Answer

Q10. Two of your expert team members have been in a heated argument over the use of a new software product for your research project. Recently, you noticed that the argument, instead of increasing creativity, is causing conflict between the team members. To prevent the conflict from escalating, you want to resolve it by open dialogue and evaluating alternatives. All the following statements about conflict are false except:

  1. Scarce resources cannot be a source of a conflict.
  2. Conflict is inevitable in a project environment.
  3. Personal work style cannot be a source of a conflict.
  4. Reducing the amount of conflict is not desirable.
Correct Answer










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