Project Management Question Bank
for Exam preparation

Q2. You are a project manager for a large consulting firm. Your superior has just asked for your input on a decision about which project your company should pursue. Project A has an internal rate of return (IRR) of 12 percent. Project B has a predicted cost ratio (BCR) of 1.3. Project C has an opportunity cost of US $75,000. Project D has a payback period of six months. If you had to choose based on this data, which project would you select?

1. Project

Q3. Value analysis is performed to get:

1. More value from the cost analysis.
2. Management to buy into the project
3. The team to buy into the project.
4. A less costly way of doing the same work.

Q4. An experienced project manager was assigned a project of small scope. Which of the following could be true of the project?

1. Defining Activities, sequencing activities, estimating activity durations, and developing the schedule could be viewed as a single process.
2. Estimating activity durations may be skipped for the project.
3. Developing and Controlling the schedule could be viewed as a single process.
4. Defining Activities, estimating activity durations, developing the schedule, and controlling the schedule could be viewed as a single process.

Q5. A project manager wants to more extensively involve the stakeholders on the project. Which of the following would be the BEST way to accomplish this?

1. Have the stakeholders periodically review the list of project requirements.
2. Invite the stakeholders to attend project status meetings.
3. Send status reports to the stakeholders.
4. Update the stakeholders on the status of all project changes.

Q6. Which of these is not an input to the Control Procurements process?

1. Agreements
2. Change requests
3. Work performance data
4. Project management plan

Q7. An activity has an early start (ES) of day 3, a late start (LS) of day 13, an early finish (EF) of day 9 and a late finish (LF) of day 19. What is the duration of this activity?

1. 3
2. 6
3. 7
4. 10

Q8. Which of the following processes produces a Risk Register?

1. Perform Quantitative Risk Analysis
2. Plan Risk Management
3. Perform Qualitative Risk Analysis
4. Identify Risks

Q9. The Control Procurements process receives a very important input from the Direct and Manage Project Work process. Which one is it?

1. Approved change requests
2. Work performance data
3. Procurement documents
4. Agreements

Q10. 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