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Project Management Question Bank
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Question:

There are two projects to choose between: Project A with an NPV of US $45,000, or Project B with an NPV of US $85,000. What is the opportunity cost of selecting project B?
  1. $45,000
  2. $85,000
  3. $40,000
  4. $130,0000






Q2. Which motivational theory uses the concepts of esteem and selfactualization?

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

Q3. A fire has just destroyed a warehouse that was being constructed as part of a large project you are managing. What would have been the easiest way to ensure that this force majeure would not significantly impact the cost of the project?

  1. Reduce the impact of such risk by transference
  2. Reduce the probability that the event will take place
  3. Accept the risk
  4. Eliminate the threat by not building the warehouse.
Correct Answer

Q4. Which of the following would not be considered an Enterprise Environmental Factor during the Develop Project Charter process?

  1. Scope Statement
  2. Organizational infrastructure
  3. Governmental standards
  4. Marketplace conditions
Correct Answer

Q5. A change request that is issued to bring the performance of the project back in line with the project management plan is related to:

  1. Corrective action
  2. Defect repair
  3. Proactive action
  4. Preventive action
Correct Answer

Q6. A first-time project manager is advised by an experienced project manager to plan for cost of quality. The first-time project manager is not sure which costs are included in the cost of quality. What would your advice be?

  1. Cost of quality only includes cost of nonconformance.
  2. Cost of quality includes cost of conformance and cost of nonconformance.
  3. Cost of quality only includes prevention costs and internal failure costs.
  4. Cost of quality only includes cost of conformance.
Correct Answer

Q7. You are a project manager leading a US $3,000,000 chemical engineering project. To date, you’ve been leading the other 11 people who comprise the overall project team. Lately you’ve noticed that you are spread too thin and the schedule is being negatively impacted. Because the project is date-constrained, you convinced senor management to accept a cost variance and add a senior quality assurance analyst to the project team. This new resource will work directly with the three project team members who comprise the testing sub-team. How many more communication channels will there be on the project team?

  1. 12
  2. 11
  3. 78
  4. 66
Correct Answer

Q8. Maintaining good supplier relationships should be important to all project managers. A good buyer-seller relationship is a partnership that results in a win-win situation that nurtures both parties. Which of the following is both a short- and long-term benefit of treating a supplier with courtesy, honesty, and fairness?

  1. There is no need to have formal contracts in place
  2. Delivery of quality products and services at the best price
  3. The buyer can delay the payments without jeopardizing the relationship
  4. The supplier can charge a price higher than the market price
Correct Answer

Q9. During a project, a team member tells you that a major risk identified by the team has occurred. However, it is not as serious as previously thought. What is the FIRST thing you should do?

  1. Increase the quality standard
  2. Present this finding to the project team and ask them to verify the team member’s finding
  3. Investigate changing the contingency plan
  4. Notify management
Correct Answer

Q10. A major construction project has been having a lot of schedule changes due to unanticipated weather problems. Who is it BEST to notify of these changes?

  1. Stakeholders
  2. Sponsor
  3. Project team
  4. Functional managers
Correct Answer










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