Project Management Question Bank
for Exam preparation

Project Management- Q2. Which of these precedence relationships is most commonly used in the Precedence Diagramming Method?

1. Finish-to-Start
2. Start-to-Finish
3. Start-to-Start
4. Finish-to-Finish

Project Management- Q3. A project manager has decided to use a decision tree to do a build or upgrade analysis. The build requires an investment of $200M. On the build decision branch, there is a 60 percent probability of strong demand (yielding a revenue of $400M) and a 40 percent probability of weak demand (yielding a revenue of $150M). What is the expected monetary value (EMV) of the build?

1. $100M
2. $300M
3. $140M
4. $200M

Project Management- Q4. During project executing, the forecasted remaining hours exceed planned remaining hours. Consequently, the project takes on a negative variance. Which analysis method is the project manager likely to use as a measurement tool to validate this information?

1. EV-PV
2. EV/AC
3. EV/PV
4. EV-AC 75

Project Management- Q5. An issue has arisen which forces you to schedule a meeting with your stakeholders. A project team member tells you that one of your influential stakeholders may not come to the meeting because of a personal issue. You choose not to take any action because you think that you will manage without the presence of this stakeholder. What kind of risk response strategy are you using here?

1. Accept
2. Avoid
3. Neglect
4. Mitigate

Project Management- Q6. A project manager approaches you to understand the Work Breakdown Structure (WBS) in better detail. You tell her that:

1. The WBS is a detailed project plan and includes the effort, resources, and dates on which the tasks for the project are complete.
2. The WBS is a task-oriented decomposition of work that identifies each task and the resource required to accomplish the task.
3. The WBS is a deliverable-oriented hierarchical decomposition of the work the project team must accomplish to meet project objectives.
4. The WBS is a Gantt chart that contains details about the project deliverables the project team must do.

Project Management- Q7. The X in the DfX can be:

1. Competing project constraints
2. Different aspects of product development
3. Design assumptions
4. Discretionary dependencies

Project Management- Q8. Your project team members have just started to work together and are now adjusting their work habits and behaviors to support each other. Which stage of the Tuckman ladder has your team just entered?

1. Norming
2. Performing
3. Forming
4. Storming

Project Management- Q9. Three years back, your organization awarded a fixed price contract to a reputable local contractor to construct a new airport terminal in the city. A few days back, you received a change request from the contractor requesting to adjust the contract’s price. The contractor is claiming that as a result of the recent national recession, the prices of raw materials have gone up and he cannot complete the rest of the project at the contract price. Is the contactor’s request legitimate?

1. Yes, you cannot penalize the contactor for price escalations due to force majeure.
2. Yes, unless there is no Economic Price Adjustment provision in the contract.
3. No, the price of the contract is fixed and cannot be changed.
4. No, the price hike due to recession must be adjusted against the contractor’s profit.

Project Management- Q10. You are managing a large project with many contractors working on it. A stakeholder comes to you and informs you that he never received the status report from one of your contractors. What will your next step be?

1. Stop the payment and ask for clarification
2. Call the contractor
3. Review the communications management plan
4. Inform management