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. Which of the following BEST describes the primary use of project management software?

1. Managing a project
2. Creating and controlling a schedule
3. Creating a complete project management plan
4. Creating a work breakdown structure

Q4. A project manager has put in place rules covering who will have access to controlled documents, how changes to these items will be recorded and approved, and how everyone will know what the current version is. The project manager is therefore creating a:

1. Work authorization system
2. Change control system
3. Configuration management system
4. Project management information system

Q5. Stakeholder identification is a continuous process. Which of the following statements about stakeholders is incorrect?

1. Positive stakeholders benefit from the outcome of a project.
2. A project manager needs to focus on the positive stakeholders since their needs are best served by the project.
3. Overlooking negative stakeholders can result in an increased likelihood of failure.
4. Stakeholders can have conflicting or differing objectives.

Q6. A project team member has completed his work on the project. Which of the following MUST the project manager do?

1. Provide the team member with copies of his work on the project
2. Update the employee’s records with the new skills acquired.
3. Invite him to the project closure party
4. Check to make sure he is happy with his performance.

Q7. What does the following sentence refer to? “The point where the benefits or revenue to be received from improving quality equals the incremental cost to achieve that quality.”

1. Quality control analysis
2. Marginal analysis
3. Standard quality analysis
4. Conformance analysis

Q8. You are working with your customers on completing deliverables in your electronic parts manufacturing project. Since these parts will be exported to other countries, they will need more testing before your customers accept them. In this scenario, which of the following statements about the completed deliverables is correct?

1. Completed deliverables not accepted by customers must be forwarded to the close project or phase process.
2. Deliverables formally accepted by customers must be moved to organizational process assets.
3. Deliverables formally accepted by customers are forwarded to the validate scope process.
4. Completed deliverables not accepted by customers must require a change request for defect repair.

Q9. A team member from research and development tells you that her work is too creative to provide you with a fixed single estimate for the activity. You both decide to use the average labour hours per installation from past projects to predict the future. This is an example of which of the following?

1. Parametric estimating
2. Three-point estimating
3. Analogous estimating
4. Monte Carlo analysis 48

Q10. Project stakeholder management is an integral part of project management. The effectiveness of stakeholder analysis carried out early in a project can decide its fate. Which of the following is the least important consideration during stakeholder analysis, especially when analyzing stakeholders who are also decision-makers?

1. Prior experience
2. Expectations
3. Interests
4. Influence