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Project Management Question Bank
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Question:

You are managing a fund-raising golf tournament that has a hole-in-one contest. However, your company cannot afford to pay the $1,000,000 award if someone does get a hole in one, so it has elected to take out an insurance policy in the event someone does get lucky. This is an example of:
  1. Sharing
  2. Mitigation
  3. Transference
  4. Avoidance






Q2. While finalizing the WBS you assign each work package to a control account and establish a unique identifier for the same work from a code of account. These identifiers help you find a hierarchical sum of costs, schedule, etc. Which statement is true about the WBS?

  1. It contains all project work
  2. It authorizes the project manager
  3. It is a hierarchy of project staff
  4. It is a hierarchical breakdown of project resources
Correct Answer

Q3. Rodney is in the process of preparing the project performance report for the team meeting. He is expecting many questions from his stakeholders on the budget and schedule. He calculates the following values: Budget at Completion (BAC) = $22,000, Earned Value (EV) = $13,000, Planned Value (PV) = $14,000, Actual cost (AC) = $15,000. What is the Estimate at Completion (EAC) for the project, if the work is performed at the budgeted rate?

  1. $24,000
  2. $36,000
  3. $22,500
  4. $37,000
Correct Answer

Q4. A complicated software project was authorized by a project sponsor. However, the users who were intended to use the product found it extremely difficult to articulate their requirements. What technique can be employed to elicit requirements for such a project?

  1. Job overlaying
  2. Hidden participant
  3. Job duplication
  4. Job shadowing
Correct Answer

Q5. What percentage of the total distribution is 3 sigma from the mean equal to?

  1. 68.26 percent
  2. 99.99 percent
  3. 95.46 percent
  4. 99.73 percent
Correct Answer

Q6. Two people on the same project team have just found out that they are working on the same work. This situation can be BEST characterized as a lack of:

  1. A good work breakdown structure.
  2. A matrix organization
  3. Sponsor direction
  4. Effective status meetings.
Correct Answer

Q7. Various tools and techniques determine project requirements during the Collect Requirements process. These requirements form the basis for defining the project scope. One of the responsibilities of a project manager is to identify key project deliverables during this exercise. Where are the key project deliverables documented?

  1. Scope Management Plan
  2. Requirements Management Plan
  3. Project Scope Statement
  4. Accepted Deliverables
Correct Answer

Q8. A control chart helps the project manager:

  1. Focus on the most critical issues to improve quality
  2. Focus on stimulating thinking
  3. Explore a desired future outcome
  4. Determine if a process is functioning within set limits.
Correct Answer

Q9. The Conduct Procurements process receives bids or proposals and applies criteria to select one or more sellers who are both qualified and acceptable as a seller. Which of the following techniques is not a valid technique for this process?

  1. Make-or-buy analysis
  2. Proposal Evaluation Techniques
  3. Advertising
  4. Bidder Conference
Correct Answer

Q10. You have been given a project to build a park for a local community. Currently you are developing approaches to involve project stakeholders based on their needs, expectations, interests, and potential impact on the project. Which of the following is not an output of this process?

  1. Communication management plan
  2. Risk register
  3. Stakeholder register
  4. None of the above
Correct Answer










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