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Project Management Question Bank
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Question:

The project manager is working on a high-profile project where completing the project within budget is critical. The project manager is new, but well trained and is excited to see that the project is spending less than budgeted. As a result, the project manager was planning to take a holiday when a more senior project manager warned him that he has some important work to do on the project. Why would the senior project manager give such a warning on this project?
  1. The project manager needs to create a project control system to make sure there are no problems in the future.
  2. Under budget could mean that work that was scheduled to e done has not been completed. The project manager should look at how the cost performance compares to the schedule performance
  3. A project that is under budget may also have contracts that need to be managed.
  4. Team meetings should be scheduled every week and a holiday would mean that one team meeting would have to be cancelled.






Q2. You have assumed responsibility for a complex, business-critical project involving new technology and approaches. All of the project’s stakeholders have emphasized to you that this is a high-risk effort, and that you are responsible for effectively identifying and addressing the project’s risks. There are a number of risk management tools and approaches you have been encouraged to use, but there is no agreement from the stakeholders as to which is the superior approach. The organization sponsoring the project has recommended risk management methodologies and templates, but does not consistently or effectively use them. In addressing risk management planning for this project, what is the MOST important consideration you should keep in mind?

  1. Ensure risks have been identified and mitigation strategies have been developed for the most important ones.
  2. Complete at least a moderately thorough examination of available risk management tools and methodologies to select the best ones for the project.
  3. Create a high quality risk management plan and risk response plan.
  4. Tailor the level, type and visibility of risk management to match the risks associated with the project and the project’s importance.
Correct Answer

Q3. You are trying to decide whether to lease or buy an item for your project. The daily lease cost is US $150. The investment cost to purchase the item is US $2,000, and the daily cost is US $50. In how many days will the lease cost be the same as the purchase cost?

  1. 10
  2. 15
  3. 20
  4. 25
Correct Answer

Q4. Identification of new risks, reassessment of old risks, and closing of outdated risks are part of the Monitor Risks process. How often should project risk reassessment be scheduled?

  1. It depends on how the project progresses relative to its objectives.
  2. Reassessment is necessary at the 50 percent and 75 percent stages of project completion.
  3. Reassessment is necessary at the 25 percent, 50 percent, and 75 percent stages of project completion.
  4. Reassessment is necessary at the 20 percent, 40 percent, 60 percent and 80 percent stages of project completion.
Correct Answer

Q5. The project you are working on has received an invoice from a vendor for US$17,500. However, your team believes the correct total due is US$15,300. When you notify the vendor, the vendor still insists on US$17,500. What is the best course of action now?

  1. Pay $15,300
  2. Negotiate with the vendor
  3. File a lawsuit
  4. Pay $17,500
Correct Answer

Q6. A software team tracing the root cause of an application failure can use this to help determine the cause(s) of the failure:

  1. Ishikawa diagram
  2. Rummler-Brache swim lane diagram
  3. Threading analysis
  4. Deming chart
Correct Answer

Q7. Each critical project communication requirement must be carefully analyzed. One good way is to use a communication model to design effective communications. What is the sequence of steps in a basic communication model?

  1. Encode -> Decode -> Transmit -> Acknowledge -> Feedback
  2. Encode -> Transmit -> Decode -> Acknowledge -> Feedback
  3. Decode -> Encode -> Transmit -> Acknowledge -> Feedback
  4. Encode -> Transmit -> Decode -> Feedback -> Acknowledge
Correct Answer

Q8. Stakeholders can be identified in which project management process group?

  1. Initiating, planning, executing, monitoring and controlling and closing
  2. Initiating and planning
  3. Planning and monitoring and controlling
  4. Monitoring and controlling and closing
Correct Answer

Q9. A manager has responsibility for a project that has the support of a senior manager. From the beginning, you have disagreed with the manager as to how the project should proceed and what the deliverables should be. You and she have disagreed over many issues in the past. Your department has been tasked with providing some key work packages for the project. What should you do?

  1. Provide the manager with what she needs
  2. Inform your manager of your concerns to get her support
  3. Sit down with the manager at the beginning of the project, attempt to describe why you object to the project, and discover a way to solve the problem
  4. Ask to be removed from the project.
Correct Answer

Q10. Lag means:

  1. The amount of time an activity can be delayed without delaying the project finish date
  2. The amount of time an activity can be delayed without delaying the early start date of its successor.
  3. Waiting time
  4. The product of a forward and backward pass
Correct Answer








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