Project Management Question Bank
for Exam preparation

Q2. As project manager, you would like to show the relationship between two variables to help your project team understand the quality impact better. Which tool should you use?

1. Scatter Diagram
2. Run Chart
3. Fishbone Diagram
4. Pareto Chart

Q3. You are managing a heavy equipment manufacturing project that involves many mechanical, electrical, and IT staff. Your team prepared a schedule network diagram using duration estimates with dependencies and constraints. Your team also calculated the critical path for the project using late and early values. Today, your project office has indicated to you that some of the resources you had planned for the project will be unavailable. To deal with this, you explore the possibility of modifying the schedule to account for limited resources. What is your best possible step in such a situation?

1. Recalculate critical path after applying the resource constraints
2. Perform Resource Leveling to account for limited resources
3. Use crashing or fast tracking to level resources across the project
4. Apply leads and lags to develop a viable schedule

Q4. Which of the following is the BEST tool for showing the team the project schedule status during project executing?

1. Milestone chart.
2. Bart chart.
3. Work breakdown structure.
4. Network diagram

Q5. Decision tree analysis is used to calculate the average outcome when the future includes scenarios that may or may not happen. What are a decision node’s inputs and outputs?

1. Input: Cost of each decision; Output: Probability of occurrence
2. Input: Cost of each decision; Output: Decision made
3. Input: Scenario probability; Output: Expected Monetary Value (EMV)
4. Input: Cost of each decision; Output: Payoff

Q6. During project executing, a team member comes to the project manager because he is not sure of what work he needs to accomplish on the project. Which of the following documents contain detailed descriptions of work packages?

1. WBS dictionary
2. Activity list
3. Project scope statement
4. Project scope management plan

Q7. Sandra is managing an ERP system deployment project. Due to the complexity of the project and the number of project stakeholders involved, she decides to use a multi-criteria decision analysis for reviewing all change requests. What should be her first step in establishing this?

1. Develop a decision matrix
2. Develop a decision tree
3. Develop a fishbone diagram
4. Develop a control chart

Q8. The Actual Cost (AC) is the total cost actually incurred and recorded in accomplishing work performed for an activity or work breakdown structure component. What is the upper limit for the AC?

1. 50 percent over and above the Planned Value (PV)
2. The Actual Cost (AC) is limited to the Planned Value (PV).
3. 100 percent over and above the Planned Value (PV)
4. There is no upper limit for the Actual Cost (AC).

Q9. The senior analyst on a project came up with Activity Duration Estimates as follows: Activity A: 10 days + a lag of two days; Activity B: 1 week + a lead of three days. The project manager who reviewed these estimates raised some objections to them. What would they most likely be?

1. The analyst should have included percent variance information while mentioning the Activity Duration Estimate. This would indicate a range of possible results.
2. Activity Duration Estimates should not include any lag or lead information.
3. It is advisable not to mix up units such as days and weeks while coming up with Activity Duration Estimates.
4. The Activity Duration Estimate should have also mentioned the predecessor or successor activity to which the lag or lead is attached.

Q10. During the Identify Risks process, a project manager made a long list of risks identified by all the stakeholders using various methods. He then made sure that all the risks were understood and that triggers had been identified. Later, in the Plan Risk Responses process, he took all the risks identified by the stakeholders and determined ways to mitigate them. What has he done wrong?

1. More people should be involved in the Plan Risk Responses process
2. Triggers are not identified until the Identify Risks process.
3. The project manager should have waited until the Perform Qualitative Risk Analysis process to get the stakeholders involved.
4. The project manager should have created workarounds