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Project Management Question Bank
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Question:

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






Q2. Benefit measurement and constrained optimization are examples of:

  1. Benefit cost ratios
  2. Variable costs
  3. Types of depreciation
  4. Project selection methods
Correct Answer

Q3. You have just received notice that the organization you have worked for as a project manager has gone bankrupt. All employees have 72 hours’ notice of termination. What is the best course of action for the two projects you are managing?

  1. Follow company directives
  2. Conduct a project closeout meeting
  3. Leave the office today
  4. Raise a claim for and on behalf of all the employees and contractors who were participating in the project
Correct Answer

Q4. You have received many bids from contractors and are now separating them according to their experience, technical expertise, and capabilities. After segregating these responses, you are reviewing them to see if they are capable of doing the job or not. What process is this?

  1. Conduct procurement
  2. Plan procurement management
  3. Proposal evaluation technique
  4. Manage quality
Correct Answer

Q5. You were in the middle of a two-year project to deploy new technology to field offices across the country. A hurricane caused power outages just when the upgrade was near completion. When the power was restored, all of the project reports and historical data were lost with no way of retrieving them. What should have been done to prevent this problem?

  1. Purchase insurance
  2. Plan for a reserve fund
  3. Monitor the weather and have a contingency plan
  4. Schedule the installation outside of the hurricane season.
Correct Answer

Q6. A new project manager has just been assigned a project that is in progress. The project is two weeks behind schedule. The team members are about to be distributed to another project based on original time estimates provided by the functional manager. What is the FIRST step the project manager should take?

  1. She should first revise the bar chart with new timelines
  2. She should initially contact the sponsor and begin with a new team
  3. She should first show sympathy with the current team and delay decision making for another week.
  4. She should check the project management plan for contingencies concerning resources and talk to the functional manager.
Correct Answer

Q7. Your project team is having a dispute with a vendor about whether a specific task is within the project’s scope. The scope statement does not provide implementation-level details that could resolve this dispute. There is no WBS, however, because the project sponsor insisted that the project be started right away without pausing to create standard project planning documentation. Who is at fault?

  1. The project manager
  2. The project sponsor
  3. The project stakeholders
  4. The project vendor
Correct Answer

Q8. Along with the project communications management plan, work performance reports are vital inputs to the Manage Communications process. Where do these work performance reports come from?

  1. Project integration management process
  2. All monitoring and controlling processes
  3. Plan Communications Management processes
  4. Organizational process assets
Correct Answer

Q9. Which of the following is part of the integration management process?

  1. Monitor and Control Project Work
  2. Plan Resource Management
  3. Manage Quality
  4. Report Performance 2
Correct Answer

Q10. Two of your team members are having conflicts about their roles and responsibilities. In attempting to resolve this conflict you ask them to refer to the responsibility assignment matrix. Which of the following statements is not true about the responsibility assignment matrix?

  1. It shows the individual responsibilities for each activity
  2. It helps you rank risks
  3. RACI is an example of RAM
  4. It shows resources assigned to each work package
Correct Answer










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