Project Management Question Bank
for Exam preparation

Project Management- Q2. What is the BEST tool/technique that provides expected cost of a procurement by a third party and helps identify significant variations from cost estimates prepared in-house?

1. Screening system
2. Bidder conferences
3. Independent estimates
4. Buyer-conducted performance review

Project Management- Q3. Which of the following is a common problem in the Close Project or Phase process?

1. Retaining resources to complete the project
2. Completing the quality assurance plan
3. Obtaining scope verification
4. Completing a project charter

Project Management- Q4. Which of these tools and techniques is common to all seven Project Integration Management processes?

1. Meetings
2. Data analysis
3. Data gathering
4. Expert Judgment

Project Management- Q5. Project A has an internal rate of return (IRR) of 21 percent. Project B has an IRR of 7 percent. Project C has an IRR of 31 percent. Project D has an IRR of 19 percent. Which of these would be the BEST project?

1. Project A
2. Project
3. Project C
4. Project D 8

Project Management- Q6. Which of the following is CORRECT?

1. Inspecting is part of project control and order of magnitude estimates are in the range of +10 to -25 percent.
2. Determining that the project is following policies and procedures is done in the Manage Quality process, and accepting work results is done in the Validate Scope process
3. Define Scope and make-or-buy decisions are parts of the Plan Procurement Management process.
4. Cost estimates are best created by the person doing the work and the detailed project cost budget is created by management.

Project Management- Q7. Julia is managing a water treatment plant construction project. A new government has recently been sworn in. During the election campaign, the winning candidate made a number of commitments regarding environmental control reforms. Julia is not sure how the new government and its future policies might affect her project. This is an example of:

1. Variability risk
2. Mitigated risk
3. Ambiguity risk
4. Opportunity risk

Project Management- Q8. You have recently been assigned to a research project. Although there is a limited number of key stakeholders, there is a big number of other stakeholders involved in this project, especially the ones who will be using the research’s outcome. You have some specific questions. Which of the following is the best way to quickly obtain responses from a big group of stakeholders?

1. Focus groups
2. Questionnaires
3. Interviews
4. Phone calls

Project Management- Q9. Quality is:

1. Meeting and exceeding the customer’s expectations
2. Adding extras to make the customer happy
3. The degree to which the project meets requirements
4. Conformance to management’s requirements.

Project Management- Q10. During the control quality process, you are reviewing a chart which has some lines above and below the x-axis and a cyclic line between them. What is the purpose of this chart?

1. To gather quality control data
2. To find the dependency between the variables
3. To find the trend
4. To determine if the process is stable