Project Management Question Bank
for Exam preparation

Q2. Who should be responsible for defining project objectives?

1. Project manager
2. Sponsor
3. Project management team
4. Stakeholders

Q3. Which of the following statements most accurately describes a project scenario?

1. Changes in project scope during the initial phases of the project are very expensive.
2. The influence of the stakeholders is the same all through the project.
3. Staffing peaks during the execution phase of a project.
4. The next phase of a project should never start until the deliverables for the previous phase are completely reviewed and approved.

Q4. “Do the work because I have been put in charge!” is an example of what type of power?

1. Formal
2. Penalty
3. Effective
4. Expert.

Q5. 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

Q6. The agile technique of on-demand scheduling is not suitable when:

1. Product deliverables can be incrementally developed.
2. Project requirements can be decomposed into smaller chunks that are relatively similar in size and scope.
3. Project tasks can be bundled by size and scope.
4. The use of a predictive lifecycle is mandated by the customer.

Q7. What is the difference between management reserves and contingency reserves?

1. Contingency reserves address known knowns, whereas management reserves address known unknowns.
2. Contingency and management reserves both address known unknowns and could be considered the same.
3. Contingency reserves address known unknowns whereas management reserves address unknown unknowns.
4. Contingency reserves are managed by senior management whereas management reserves are managed by the project manager.

Q8. A project manager has assembled the project team, identified 56 risks on the project, determined what would trigger the risks, rated them on a risk rating matrix, tested their assumptions, and assessed the quality of the data used. The team is continuing to move through the risk management process. What has the project manager forgotten to do?

1. Simulation
2. Risk mitigation
3. Overall risk ranking for the project
4. Involvement of other stakeholders

Q9. 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

Q10. During the Collect Requirements process, a group of people were discussing multiple alternatives. One of the individuals in the group made the decision for the group. This method of reaching a group decision is termed:

1. One Thinking Hat
2. Autocratic
3. Plurality
4. Autonomy