Project Management Question Bank
for Exam preparation

Q2. In projects with adaptive life cycles, the overall scope of the project will be decomposed into a set of requirements and work to be performed, sometime referred to as:

1. Assumptions backlog
2. Feature list
3. Project attributes
4. Product backlog

Q3. As a project manager, you are presented with the following information on the net present value (NPV) of several potential projects. Which project is your BEST choice?

1. Project A with an NPV $95,000
2. Project B with an NPV of $120,000
3. Project C with an NPV of $20,000
4. Project D with an NPV of -$30,000

Q4. During the Plan Risk Management process, assigning ___________ will help you and the project team identify all important risks and work more effectively during the identification process.

1. Risk factors
2. Blame
3. Risk mitigation plans
4. Risk categories

Q5. While sequencing activities for a project, the project management team applied certain discretionary dependencies. This was based on their knowledge of best practices within the project application area. What is the potential risk involved in using such dependencies?

1. They can create fixed float values and create external dependencies.
2. They can create arbitrary float values and limit later scheduling options.
3. They can create arbitrary float values and create external dependencies.
4. They can create arbitrary float values and create mandatory dependencies.

Q6. You are developing a quality management plan for your project. During the planning process, one of your team members tells you that, in the past, the organization has completed a similar project. You start to review the old project and find that some of its quality metrics can be used in your project as well. This technique is known as:

1. Reviewing organization process assets
2. Benchmarking
3. Process analysis
4. Prototyping

Q7. All of the following are results of adding to the risk register in the Plan Risk Responses process EXCEPT:

1. You are in control of the project as it progresses with few surprises
2. By managing the plan, you are able to avoid risks while mitigating the effects of others
3. The need for workarounds is minimized
4. The need for contingency reserves is minimized.

Q8. Purchasing insurance is BEST considered an example of risk:

1. Mitigation
2. Transfer
3. Acceptance
4. Avoidance.

Q9. The cost performance index (CPI) of a project is 0.6 and the schedule performance index (SPI is 0.71. The project has 625 work packages and is being completed over a four-year period. The team members are very inexperienced and the project received little support for project planning. Which of the following would be the BEST thing to do?

1. Update risk identification and analysis.
2. Spend more time improving the cost estimates.
3. Remove as many work packages as possible.
4. Reorganize the responsibility assignment matrix.

Q10. You are busy with an important milestone, and after that, you have to deliver a deliverable to the client. Since the client is known for his difficult behavior, management is worried whether the client will accept the deliverable. Therefore, they tell you to check the product acceptance criteria again before calling the client. What document will you look at to get this information?

1. WBS
2. WBS dictionary
3. Project scope statement
4. RACI matrix