Project Management Question Bank
for Exam preparation

Q2. The project deadline is the end of the year. The project consists of two activities. Activity A has a duration of two months and activity B has a duration of three months. Activities A and B can be performed concurrently. The start date for the project is set for the beginning of July. What is the MAXIMUM duration of the project?

1. Two months
2. Three months
3. Five months
4. Six months 45

Q3. You are in the process of defining policies, procedures, and guidance to help you manage the project costs. In which process you are working?

1. Determine budget
2. Develop schedule
3. Control costs
4. Plan cost management

Q4. Velvet is working for a chemical industry, and her management proposed two different projects to manufacture benzene for commercial use. After doing financial analysis, the financial advisor provided her with the following statistics about the projects: Project 1: 60 percent probability of success with a profit of $500,000 and 20 percent probability of failure with a loss of $200,000. Project 2: 30 percent probability of success with a profit of $300,000 and 30 percent probability of failure with a loss of $400,000. Based on the information above, Velvet should choose:

1. Either project 1 or project 2
2. Neither project 1 nor project 2
3. Project 2
4. Project 1

Q5. The customer has accepted the completed project scope. However, the lessons learned required by the project management office have not been completed. What is the status of the project?

1. The project is complete because the project has reached the due date.
2. The project is incomplete because the project needs to be re-planned.
3. The project is incomplete until all project and product deliverables are completed and accepted.
4. The project is complete because the customer has accepted the deliverables.

Q6. During Control risks process, the risk response owner should be:

1. Identifying which risks he/she wants to monitor
2. Controlling the identification of response strategies
3. Informing the project manager of any midcourse correction needed
4. Updating stakeholders of new strategies for mitigating risks.

Q7. Crashing is an effective schedule compression technique at times when a project is struggling behind schedule. However, increasing the number of resources to twice the original number of the resources does not always cut the time by half. This is due to:

1. Fast tracking the project
2. Risk mitigation due to crashing the project
3. The law of diminishing returns
4. Critical path analysis

Q8. You are in the Validate Scope process of your electronic goods manufacturing project. While reviewing some products, you have noticed that the tolerance for one product is 0.01 percent less than what was listed in the requirements documentation. This deviation may not be a problem for the customers, and it may not impair the product’s operation. What is your best immediate action in such a situation?

1. Notify the stakeholders about the deviation
2. Change the project management plan to allow for small deviation
3. Reject all products and restart the project
4. Discuss with your team about the quality testing

Q9. Gordon is currently developing his project‘s stakeholder engagement strategy. All enterprise environmental factors should be considered during this process. Which of the following enterprise environmental factors should receive particular attention during this process?

1. Project templates
2. Lessons learned from past similar projects
3. Commercial databases
4. The organization‘s culture and political climate

Q10. Which of the following is NOT a valid WBS creation approach:

1. Parametric approach
2. Top-down approach
3. Use of organizational guidelines
4. Use of WBS templates