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Project Management Question Bank
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Question:

Which of the following would be the BEST project to select?
  1. A project that will take six years to complete and has an NPV of $45,000
  2. A project that will take three years to complete and has an NPV of $85,000
  3. A project that will take eight years to complete and has an NPV of $30,000
  4. A project that will take 10 years to complete and has an NPV of $60,000






Q2. Which of the following is the highest point of Maslow’s hierarchy?

  1. Self-fulfillment
  2. Respect
  3. Affection
  4. Stability
Correct Answer

Q3. You have been given a big project to complete. This is an important project for your company, therefore management does not want any delay in completion. As soon as the project charter is signed, you start identifying and categorizing stakeholders using various data representation tools. Which of the following tools will you not use here?

  1. Brain writing
  2. Stakeholder cube
  3. Direction of influence
  4. Salience model
Correct Answer

Q4. A complicated software project was authorized by a project sponsor. However, the users who were intended to use the product found it extremely difficult to articulate their requirements. What technique can be employed to elicit requirements for such a project?

  1. Job overlaying
  2. Hidden participant
  3. Job duplication
  4. Job shadowing
Correct Answer

Q5. Eric, a project manager, is a certified PMP. He is responding to an RFP from a buyer and needs to fill in details on his company’s financial performance. His company has performed poorly during the current quarter, and the results will be published in two to three days. However, the company has done very well in the previous quarters. The RFP is due in 10 days, and all the information in the RFP is complete except the financial information. What should Eric do?

  1. Eric should fill in the information for the previous quarter and ignore the current quarter. This is an aberration, and the company will eventually come out of the bad patch.
  2. Eric should present the previous quarter's results as the latest results. This will give his company a better chance to win the project.
  3. Eric should fill in the financial information for the previous quarter and send out the RFP response before the current quarter results are published.
  4. Eric should wait until the current results are out and update the latest financial information before sending out the RFP response.
Correct Answer

Q6. George is managing a telecommunication network deployment project. Most of the key project stakeholders are happy with the project so far. However, George has some potential concerns that might become issues in the near future. The next project status update meeting with the key stakeholders is the next day. What should George do?

  1. Wait until the concerns become issues
  2. Discuss these concerns with the key stakeholders
  3. Do not report the concerns in the next meeting but try to mitigate these concerns
  4. Briefly discuss these concerns in the next meeting but do not make them look significant
Correct Answer

Q7. You are assigned to a project that senior management has already decided to outsource. As a project manager, you need to work with the contracts department to select the vendor and then oversee the vendor through the project completion. Company policy requires that a project of this size go through a formal bid process. A vice president in your company tells you that his friend owns one of the companies that might bid on the project and that the company would be an excellent choice as a vendor. This vice president has a reputation for making or breaking careers. What is generally the BEST course of action?

  1. Follow the bid process, and show the vice president why the favored vendor is or is not the best choice
  2. Obtain written permission to bypass the formal bid process
  3. Let the evaluation team know that management has a favorite vendor
  4. Let the contracts department handle the situation
Correct Answer

Q8. A project manager knows that she can delay the start of certain activities within the project schedule to coincide with the mitigation of a known risk. She knows exactly the work and duration needed, should the risk event occur. She is confident that the finish date will not be impacted by the time delay. Which of the following aspects of schedule development has the project manager used in this situation?

  1. She has relied on her certainty that, for risk planning purposes, assumptions are considered to be true, real or certain.
  2. GERT probability factors provide her with certainty that there will be activities in the current schedule that will not be performed at all.
  3. Her float calculations have revealed those activities that allow sufficient time for the inserted activities.
  4. The project manager’s risk management plan was to build in buffer time to all the project activities during schedule development in order to cover any risk event occurrence
Correct Answer

Q9. Once a risk response is created, which of the following statements BEST describes the project manager’s role regarding risks while the project work is being completed?

  1. Take actions when identified risks occur.
  2. Look for unexpected impacts of implemented risk responses.
  3. Implement planned work-arounds.
  4. Make sure that risk responses are assigned to identify risks.
Correct Answer

Q10. All of the following statements about workarounds are correct EXCEPT:

  1. They are unplanned responses to risks
  2. They are responses only to risk that were identified in project planning
  3. They make use of the project management plan
  4. They may result in a project change request.
Correct Answer










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