Project Management Question Bank
for Exam preparation

Q2. During what part of the project management process is the project scope statement created?

1. Initiating
2. Planning
3. Executing
4. Monitoring and controlling

Q3. Your company is considering buying a building worth $1 million. If the company buys this building and rents it out for the next five years, it will get $100,000 per year as rent (receivable by the end of each year). At the end of the fifth year, the company will resell the building at $1.1 million. What is the NPV of this investment at 10 percent per annum discount rate?

1. 62092
2. 600000
3. 1600000
4. 2200000

Q4. Which of the following is the BEST project management tool to use to determine the longest time the project will take?

1. WBS
2. Network diagram
3. Bar chart
4. Project charter

Q5. The work breakdown structure provides you with a structured vision of what has to be delivered, and the WBS dictionary provides you with detailed deliverables, activities, and scheduling information about each component in the WBS. Which of the following information cannot be found in the WBS dictionary?

1. Work description
2. List of assumptions
3. Resource requirement
4. Critical risks

Q6. You have a project with four activities as follows: Activity 1 can start immediately and has an estimated duration of one. Activity 2 can start after activity 1 is completed and has an estimated duration of four. Activity 3 can start after activity 2 is completed and has an estimated duration of five. Activity 4 can start after activity 1 is completed and must be completed when activity 3 is completed. The estimate for activity 4 is 10. What is the SHORTEST amount of time in which the project can be completed?

1. 10
2. 9
3. 18
4. 11

Q7. A customer is not happy with a project deliverable. What is your BEST course of action?

1. Tell the customer the deliverable meets the scope of work and get the customer’s agreement to proceed.
2. Determine why the customer is unhappy with the deliverable.
3. Meet with the team to determine changes needed.
4. Meet with the customer and offer a substitute project deliverable.

Q8. You took over a project from an individual who was fired. You are reading the project documentation and find that five managers signed the project charter. What should be your primary concern at this time?

1. Determining reporting structure
2. Communicating in a matrix organization
3. Getting a single sponsor
4. Identifying who can represent the project for change control

Q9. You are in the process of dividing work into smaller components so you can get a structured vision of what has to be delivered. What process is this?

1. Create WBS
2. Create RBS
3. Rolling wave planning
4. Progressive elaboration

Q10. Melissa is managing a hardware deployment project and is creating a risk management plan. Which of the following would not be included in this plan?

1. Templates
2. Roles and responsibilities
3. Budgeting
4. Methodology