Project Management Question Bank
for Exam preparation

Q2. Lucy is currently preparing a high-level cost estimate for her project in the initiation phase. With the limited detail available to her, what would you expect the range of her estimate to be, and what would you call such an estimate?

1. -25 to +25%, Absolute Cost
2. -5 to +10%, Narrow
3. -1 to +1%, Definitive
4. -25 to +75%, Rough Order of Magnitude

Q3. John has been assigned a task to build a facility where different types of bicycles can be produced. John builds this facility and hands it over to Andrew to run it. What is Andrew’s role?

1. Project manager
2. Program manager
3. Operation manager
4. Portfolio manager

Q4. What is the LAST thing to do in project closure?

1. Complete the lessons learned
2. Provide the client with all pertinent documentation
3. Update the archives
4. Release the team

Q5. In order to complete work on your projects, you have been provided confidential information from all of your clients. A university contacts you to help it in its research. Such assistance would require you to provide the university with some of the client data from your files. What should you do?

1. Release the information, but remove all references to the client’s names
2. Provide high-level information only
3. Contact your clients and seek permission to disclose the information
4. Disclose the information

Q6. Your company can accept one of three possible projects. Project A has a net present value (NPV) of US $30,000 and will take six years to complete. Project B has an NPV of US $60,000 and will take three years to complete. Project C has an NPV of US $90,000 and will take four years to complete. Based on this information, which project would you pick?

1. They all have the same value
2. Project A
3. Project B
4. Project C 4

Q7. Which motivational theorist said that people cannot ascend to the next level until the levels below are fulfilled?

1. Maslow
2. Deming
3. McGregor
4. Herzberg

Q8. The project is not going well and many changes are being made. Which of the following should you do FIRST to gain control of the project?

1. Review the project scope with the stakeholders
2. Create a new change form
3. Remind everyone of the change procedures
4. Ask the sponsor to review the project charter

Q9. Fill in the blank. _______________ indicates that planning and documentation are iterative or ongoing activities.

1. Progressive management
2. Iterative elaboration
3. Waterfall development
4. Progressive elaboration

Q10. Which of the following and is the BEST method of completing “what if” scenarios to determine what combination of resources and interdependence will produce the best schedule?

1. Critical chain method
2. Monte Carlo
3. Parametric estimating
4. Resource leveling