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Project Management Question Bank
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Question:

What is present value (PV)
  1. Value of assets that a company owns
  2. Today’s value of future cash flows
  3. Future value of money on hand today
  4. Current value of today’s assets adjusted for inflation 9






Q2. Integration is done by the:

  1. Project manager
  2. Team
  3. Sponsor
  4. Stakeholders
Correct Answer

Q3. You are managing two projects. The first project is to design and construct a school building, and the second project is to construct an office building for your company's employees. What is your current role?

  1. Project manager
  2. Program manager
  3. Portfolio manager
  4. None of the above
Correct Answer

Q4. Lena is managing the construction of a new office facility for her company. The project is halfway through the execution. The project sponsor has asked Lena to ensure that all key project stakeholders are still committed to the project. How can Lena assess the stakeholders' current engagement levels?

  1. By analyzing the most recent issue register
  2. By reviewing the Stakeholders Engagement Assessment Matrix last updated during the planning phase of the project
  3. By requesting the key stakeholders to submit a signed declaration of commitment
  4. By communicating and interacting with the key stakeholders
Correct Answer

Q5. How many types of relationships between activities can be found on a precedence (AON) diagram?

  1. 4
  2. 3
  3. 2
  4. 1
Correct Answer

Q6. Two of your expert team members have been in a heated argument over the use of a new software product for your research project. Recently, you noticed that the argument, instead of increasing creativity, is causing conflict between the team members. To prevent the conflict from escalating, you want to resolve it by open dialogue and evaluating alternatives. All the following statements about conflict are false except:

  1. Scarce resources cannot be a source of a conflict.
  2. Conflict is inevitable in a project environment.
  3. Personal work style cannot be a source of a conflict.
  4. Reducing the amount of conflict is not desirable.
Correct Answer

Q7. One of the risks your team has discovered is a high probability that the equipment you are developing will not perform under the pressure it needs to in the workplace. In order to handle this risk, you have chosen to prototype the equipment. This is an example of risk:

  1. Mitigation.
  2. Avoidance
  3. Transference.
  4. Acceptance.
Correct Answer

Q8. Which of the following tools will help trace the requirements to product design?

  1. Requirements traceability matrix
  2. Design traceability matrix
  3. Project scope statement
  4. Product traceability matrix
Correct Answer

Q9. Recently, a junior team member has challenged the project management approach since not all requirements identified during the Collect Requirements process were documented in the project scope statement. You are the project manager, what should you do first?

  1. Remove the junior team member from the team as this is a disciplinary issue.
  2. Analyze the objection and determine if the requirements were deliberately dropped during the Define Scope process.
  3. Engage the project sponsor to resolve the issue.
  4. Accept your mistake and include the missed requirements.
Correct Answer

Q10. 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
Correct Answer










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