Project Management Question Bank
for Exam preparation

Q2. During project executing, one of the electrical engineers informs the project manager that the life cycle cost of the new heating and air conditioning system is higher than the life cycle cost of another heating and air conditioning system. What should the project manager do?

1. Determine if there is room in the project budget for the additional cost.
2. Select the product with the lower life cycle cost.
3. Select the product with the best life cycle cost to earned value ratio.
4. Select the product with the lowest maintenance cost to life cycle cost ratio.

Q3. Which of the following statements is correct?

1. A collection of unrelated programs can constitute a portfolio.
2. The scope of a portfolio is typically smaller than that of a program.
3. A program is a group of unrelated projects.
4. A program need not consist of projects.

Q4. A project manager had a complex problem o solve and made a decision about what needed to be done. A few months later, the problem resurfaced. What did the project manager MOST likely not do?

1. Proper risk analysis
2. Confirm that the decision solved the problem
3. Have the project sponsor validate the decision
4. Use an Ishikawa diagram.

Q5. Three calls were received today inquiring whether one of your resources could be released from your project. There were nine such calls last week. The project is going well and its risky rating is low. Activity R has an early start of 4 and a late start of 45 and an early finish of 14. The project has a cost performance index (CPI) of 1.05 and a schedule performance index (SPI) of 0.893. The project float is zero and even through tough times, the project manager believes the reward system he put in place during the project planning is working. What is the BEST thing to do?

1. Crash the project
2. Crash activity R
3. Deal with diminishing the impact of the phone calls
4. Look for areas to cut cost 47

Q6. Monte Carlo analysis is used to:

1. Simulate the order in which activities occur
2. Prove to management that extra staff is needed.
3. Get an indication of the risk involved in the project
4. Estimate an activity’s length

Q7. All of the following are outputs of the Create WBS process EXCEPT:

1. Scope baseline
2. Change requests
3. WBS dictionary
4. Updates to the requirements documentation

Q8. Which of the following is the BEST tool for showing the team the project schedule status during project executing?

1. Milestone chart.
2. Bart chart.
3. Work breakdown structure.
4. Network diagram

Q9. Who should be responsible for defining project objectives?

1. Project manager
2. Sponsor
3. Project management team
4. Stakeholders

Q10. Which chart allows a project manager to indicate the number of resources used each month?

1. Responsibility assignment matrix
2. Resource histogram
3. Project organizational chart
4. Pareto chart.