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Project Management Question Bank
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Question:

If a project has a 60 percent chance of a $100,000 profit and a 40 percent chance of a $100,000 loss, the expected monetary value of the project is:
  1. $20,000 profit
  2. $40,000 loss
  3. $100,000 profit
  4. $60,000 loss






Q2. Impact assessment is part of which risk management process?

  1. Identify Risks
  2. Perform Qualitative Risk Analysis
  3. Plan Risk Responses
  4. Control Risks.
Correct Answer

Q3. A storm has damaged the manufacturing facility that is under construction as part of your project. You have just discovered that although the project risk management plan mandated that the facility have insurance against damage and loss, this policy was never acquired, and the project budget must cover the losses. Who is at fault?

  1. The risk manager
  2. The project manager
  3. The facilities manager
  4. The construction crew
Correct Answer

Q4. You have just joined a new organization as a project manager. You have heard a number of rumors about the procurement manager having possible underhanded dealings with suppliers. However, you have no proof these rumors are true. Your project requires a large number of dump trucks. Company policy mandates that all purchases go through the procurement department rather than the department employees. The value of the dump truck purchase is US$395,000, and the contract went to a supplier your company regularly uses. Shortly after taking delivery of the dump trucks, you learn the procurement manager is driving a new car. What should you do?

  1. Ask the procurement manager about the purchase of her new car
  2. Report this to the appropriate management
  3. Talk to the supplier to find out if there was a bribe involved in the project
  4. Do nothing
Correct Answer

Q5. If you had an experience with a particularly well or poorly performing vendor, what is the correct way to document this experience for future projects?

  1. Call the vendor and talk to them about the experience
  2. Tell all your friends about it
  3. Create a seller performance evaluation
  4. Vow to only work with that vendor from now on
Correct Answer

Q6. While staffing a project in another country, the project leader from that country comes to you with a suggested team consisting of members of the project leader’s family. Your FIRST course of action should be to:

  1. Inquire if hiring only through family lines is common practice in the project leader’s country.
  2. Review the resumes of the individuals to see if they are qualified.
  3. Ask the project leader to provide additional names of people unrelated to him/her.
  4. Use a different project leader to prevent problems later in the project.
Correct Answer

Q7. Which of the following BEST describes what co-location does for the project?

  1. Saves cost
  2. Reduces communication problems
  3. Accelerates schedule
  4. Improves opportunities
Correct Answer

Q8. You are developing a quality management plan for your project. During the planning process, one of your team members tells you that, in the past, the organization has completed a similar project. You start to review the old project and find that some of its quality metrics can be used in your project as well. This technique is known as:

  1. Reviewing organization process assets
  2. Benchmarking
  3. Process analysis
  4. Prototyping
Correct Answer

Q9. A Work Breakdown Structure (WBS) dictionary supports the WBS and is a companion document to the WBS. Which of the following is not included in the WBS dictionary?

  1. List of schedule milestones
  2. Resource assigned
  3. Agreement Information
  4. Code of Account Identifier
Correct Answer

Q10. Which option is not representative of the inputs, tools and techniques, and outputs of the Direct and Manage Project Work process?

  1. PMIS, Project Management Plan, and Deliverables
  2. Deliverables, Approved Change Requests, and Project Management Information System
  3. Approved Change Requests, Validated Changes, and PMIS
  4. Approved Change Requests, Project Management Plan, and Work Performance Data
Correct Answer










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