Project Management Question Bank
for Exam preparation

Q2. 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

Q3. Which of the following is NOT part of the expert judgment tool and technique for the develop project management plan process?

1. Tailor the process to meet the project needs
2. Hold planning meetings to develop the risk management plan
3. Determine resources and skill levels needed to perform project work
4. Define the level of configuration management to apply to the project

Q4. Which of the following is an example of a parametric estimate?

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

Q5. You are planning a project. The functional managers will not commit any particular people to your project, because it will not begin for a few months. All of the following methods could be used to handle this situation EXCEPT:

1. Use the average productivity factor for each department.
2. Use the average daily rate of the resource in each department times the number of resource needed of each resource type.
3. Use the results of the Delphi Technique for the number of hours.
4. Use the average probability of successful completion multiplied by the number of resource needed each day.

Q6. 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

Q7. Large organizations typically manage a wide range of projects; from small projects to large initiatives requiring long-term commitments. Which of the following factors can be used in scaling such projects:

1. Team size, geographical distribution, regulatory compliance, organizational complexity, technical complexity, and funds availability.
2. Team size, geographical distribution, regulatory compliance and organizational complexity.
3. Team size, geographical distribution and regulatory compliance.
4. Team size, geographical distribution, regulatory compliance, organizational complexity and technical complexity.

Q8. During the Identify Risks process, a project manager identifies a risk that, no matter what the company does, a dire could occur in the building during the test. It would be BEST to _____ the risk.

1. Deflect.
2. Accept
3. Avoid
4. Change

Q9. You are constructing an office building for your client. You decide to outsource painting and electric work from a third party. You create a detailed work description and ask bidders to apply for this part of the project. The document you just prepared is known as:

1. Procurement SOW
2. RFQ
3. RFP
4. Requirement document

Q10. A stakeholder wants to make a change to the work breakdown structure that does NOT affect the time or cost of the project. What is the BEST thing to do?

1. Tell the stakeholder that this change cannot be made without revising the project management plan.
2. Make the change.
3. Meet with management.
4. Look for other impacts on the project.