Project Management Question Bank
for Exam preparation

Q2. 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.

Q3. Projects are often started as a result of an external factor such as market demand for a new product, a new legislative or regulatory mandate, or a change in technology. This results in the creation of ______ by an entity or organization external to the project.

1. The project charter
2. The WBS
3. The project budget
4. The RACI chart

Q4. The Close Project process includes all of the following EXCEPT:

1. Analysis of project success
2. Ensuring that records include final specifications
3. Creating a project risk management plan
4. A collection of project records

Q5. Barrier can influence communication when sending or receiving information. Which of the following is NOT a barrier?

1. Prejudices
2. Attitudes and emotions
3. Personality and interests
4. Feedback

Q6. You are managing a fund-raising golf tournament that has a hole-in-one contest. However, your company cannot afford to pay the $1,000,000 award if someone does get a hole in one, so it has elected to take out an insurance policy in the event someone does get lucky. This is an example of:

1. Sharing
2. Mitigation
3. Transference
4. Avoidance

Q7. Which of the following and is the BEST method of completing “what if” scenarios to determine what combination of resources and interdependence will produce the best schedule?

1. Critical chain method
2. Monte Carlo
3. Parametric estimating
4. Resource leveling

Q8. A project manager is trying to coordinate all the activities on the project and has determined the following: Activity 1 can start immediately and has an estimated duration of 1 week. Activity 2 can start after activity 1 is completed and has an estimated duration of 4 weeks. Activity 3 can start after activity 2 is completed has an estimated duration of 5 weeks. Activity 4 can start after activity 1 is completed and has estimated duration of 8 weeks. Both activities 3 and 4 must be completed before the end of the project. What is the duration of the critical path for this project?

1. 10
2. 11
3. 14
4. 8

Q9. You have finished the Plan Risk Responses process and are left with residual risks. What should you do with them?

1. Document them in the risk register and revisit them during project executing
2. Deal with them as they arise during project executing
3. Include them as part of the contingency plans
4. Perform a sensitivity analysis on them.

Q10. Performance reports are produced during the Control Procurements process by evaluating work performance data against the agreement requirements. Which of the following is the prime objective of producing such reports?

1. Performance reporting is a good project management practice and must be carried out on all projects.
2. Performance reports are produced so they can be added to lessons-learned database, and the future project might benefit.
3. Performance reports document the analysis of the project manager and does not require supplier’s participation.
4. Providing management with information about how effectively the seller is achieving the contractual objectives.