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Project Management Question Bank
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Question:

Lucy has recently been assigned as the project manager for a new shopping mall construction project. Since the project will span well over five years, Lucy is a bit hesitant to use the current market rates for estimating construction materials cost. The prices have been steadily increasing and the current market rates might not remain valid in the future. Which of the following techniques can Lucy apply to determine her project budget?
  1. Conduct a trend analysis on the cost of materials and use that to extrapolate the cost of materials in the future.
  2. Determine the cost of the project using current market rates and increase the total budget by some factor.
  3. Compute the Net Present Value of the cost of materials and use that to determine the project budget.
  4. Use Rolling Wave Planning to determine the budget as the project progresses.






Q2. Which of these processes is not a Project Schedule Management process?

  1. Create WBS
  2. Develop Schedule
  3. Define Activities
  4. Sequence Activities
Correct Answer

Q3. The primary customer of a project has requested an application change during user testing. As project manager, how should you BEST address this issue?

  1. Develop a risk mitigation plan.
  2. Create a formal change request.
  3. Inform the project sponsor of changes to scope, cost and schedule.
  4. Ensure the scope change compies with all relevant contractual provisions.
Correct Answer

Q4. Which of the following BEST describes product analysis?

  1. Working with the customer to determine the product description.
  2. Mathematically analyzing the quality desired for the project.
  3. Gaining a better understanding of the product of the project in order to create the project scope statement.
  4. Determining if the quality standard on the project can be met.
Correct Answer

Q5. Inputs to the Plan Communications Management process include all the following EXCEPT:

  1. Communications requirements.
  2. Stakeholder management strategy.
  3. Company culture.
  4. Forecasts.
Correct Answer

Q6. When one factor used to determine the effort required to produce a unit of work is increased while all other factors remain fixed, a point will eventually be reached at which additions of that one factor start to yield progressively decreased productivity. This is known as:

  1. The 100 percent rule
  2. The Pareto Law
  3. The law of diminishing returns
  4. The theory of constraints
Correct Answer

Q7. Your cost forecast shows that you will have a cost overrun at the end of the project. Which of the following should you do?

  1. Eliminate risks in estimates and re-estimate.
  2. Meet with the sponsor to find out what work can be done sooner.
  3. Cut quality.
  4. Decrease scope.
Correct Answer

Q8. Which motivational theory defines the hierarchy of needs?

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

Q9. Quality is achieved when:

  1. The requirements have been met
  2. Customer expectations have been exceeded
  3. The customer indicates acceptance of the product or service
  4. The customer stops asking for additional features
Correct Answer

Q10. Which of the following two project documents are sometimes perceived as containing a certain degree of redundancy?

  1. Project scope statement and scope management plan
  2. Project charter and project scope statement
  3. Risk management plan and scope management plan
  4. Scope statement and quality management plan
Correct Answer








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