Project Management Question Bank
for Exam preparation

Q2. If Project A has a net present value (NPV) of US $30,000 and project B has an NPV of US $50,000, what is the opportunity cost if project B is selected?

1. $23,000
2. $30,000
3. $20,000
4. $50,000

Q3. What is the duration of the near-critical path based on the chart?

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

Q4. Which of the following BEST describes formal acceptance of a project?

1. Substantial completion is reached
2. Customer sign-off of the product is documented
3. Final payment is made
4. Final deliverables are sent to the customer

Q5. As the project manager of a project, you had estimated certain activity durations before acquiring all project team members. On acquisition, you find that their actual competency levels are much lower than what you anticipated. In such a case, you will:

1. Make no changes to the schedule
2. Ask the project team members to meet the original schedule by putting in overtime, if required
3. Make changes to activity duration and schedule incorporating the changed competency levels
4. Inform the customer that the project is behind schedule

Q6. Janice, a project manager, wanted to obtain early feedback on the project requirements. However, she was concerned that the abstract representations of the requirements might not elicit useful feedback. Which of the following tools and techniques might help her overcome this hurdle?

1. Histograms
2. Prototypes
3. Ishikawa diagram
4. Control charts

Q7. You are a project manager for a new product developmental project that has four levels in the work breakdown structure, and has been sequenced using the precedence diagramming method. The activity duration estimates have been received. What schedule management activity would you do NEXT?

1. Schedule compression
2. Collect historical records from previous projects
3. Create an activity list
4. Update the work breakdown structure

Q8. A large project is underway when one of the team members reviews the project status report. He sees that the project is currently running late. As he looks at the report further, he notices that the delay will cause one of his activities to be scheduled during a time he will be out of the country and cannot work on the activity. This is of great concern because he is very committed to the project being successful and he does not want to be the cause of the project being further delayed. What is the BEST THING for him to do?

1. Contact the project manager immediately to provide the project manager with his schedule.
2. Include the information on his next report
3. Request that the issue be added to the project issue log
4. Recommend preventive action.

Q9. During the project execution, a stakeholder comes to you and argues against a particular deliverable. You investigated it and found that this particular deliverable was based on his requirement. To prove this, what document will you show to him?

1. Scope statement
2. Requirement traceability matrix
3. Statement of work
4. Scope management plan

Q10. Which of the following is done during the Create WBS process?

1. Product analysis
2. Project selection
3. Decomposition
4. Alternatives identification