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Project Management Question Bank
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Question:

The BEST description of costs that change with the amount of production is:
  1. Variable costs
  2. Fixed costs
  3. Direct costs
  4. Sunk costs 24






Q2. To create a quality product, the project management team invested in training the project team members and purchasing high-end equipment. Such costs are:

  1. Failure costs
  2. Costs of Nonconformance
  3. Appraisal costs
  4. Prevention costs
Correct Answer

Q3. It is not practical, and usually not necessary, to engage with all stakeholders with the same level of intensity at all times. A project manager must prioritize stakeholders depending upon on who they are, what level of influence they have on the project, and what their interests are. Which of the following techniques helps in stakeholder prioritization?

  1. Stakeholder engagement matrix
  2. Stakeholder register
  3. Stakeholder classification models
  4. Resource histograms
Correct Answer

Q4. A project has a team member assigned to the project full time. What is the MOST likely effect on the project if that resource completes her activity sooner than planned?

  1. Lower quality deliverables
  2. Wasted cost
  3. A subsequent activity will be delayed
  4. Changes to the risk resource plan
Correct Answer

Q5. A project manager has just been assigned a team that comes from many countries, including Brazil, Japan, the US, and Britain. What is her BEST tool for success?

  1. The responsibility assignment matrix (RAM)
  2. The teleconference
  3. Team communication with the WBS
  4. Communication and well-developed people skills
Correct Answer

Q6. Originally a project has seven activities: A, B, C, D, E, F, and G. Activities A, B, and D can start anytime. Activity A takes three weeks, activity B takes five weeks, and activity D takes 11 weeks. Activities A and B must be completed before activity C can start. Activity C takes six weeks to complete. Activities B, C, and D must be completed before activity E can start, and activity E takes two weeks. Activity F can start as soon as activity C completes and has duration of four weeks. Activity G takes three weeks and cannot start until activity E is completed. Activities F and G must be completed for the project to be completed. However, during project executing, a dependency was discovered between activities E and F. What is the BEST thing to do?

  1. Tell management that the project will take longer than 18 weeks.
  2. Redo schedule development
  3. Call a team meeting and determine if crashing or fast tracking are possible solutions to meeting the original schedule
  4. Call a meeting of stakeholders and communicate schedule risks.
Correct Answer

Q7. What is the duration of the near-critical path based on the chart?

  1. 33
  2. 44
  3. 31
  4. 43
Correct Answer

Q8. A project manager is trying to coordinate all the activities on the project and has determined the following: Activity A can start immediately and has an estimated duration of 1 week. Activity B can start after activity A is completed and has an estimated duration of 4 weeks. Activity C can start after activity B is completed and has an estimated duration of 5 weeks. Activity D can start after activity 1 is completed and has an estimated duration of 8 weeks. Both activities C and D must be completed before the end of the project. If there is an approved change to activity D and it now takes 10 weeks, what is the duration of the critical path?

  1. 10 weeks
  2. 11 weeks
  3. 14 weeks
  4. 8 weeks 70
Correct Answer

Q9. A project manager says to a team member, “If you cannot complete this activity according to the quality standards you set in place, I will remove you from the team that is going Venezuela for the milestone party with the customer.” What form of power is the project manager using?

  1. Reward power
  2. Formal power
  3. Penalty power
  4. Referent power
Correct Answer

Q10. You have four projects from which to choose one. Project A is being done over a six year period and has a net value (NPV) of US $70,000. Project B is being done over a three year period and has an NPV of US $30,000. Project C is being done over a five year period and has an NPV of US $40,000. Project D is being done over a one year period and has an NPV of US $60,000. Which project would you choose?

  1. Project A
  2. Project B
  3. Project C
  4. Project D
Correct Answer










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