Project Management Question Bank
for Exam preparation

Q2. Your company is undergoing a change in ownership and the new owners are looking at the total cost of a new product. Which of the following would BEST provide that information?

1. Estimate at completion
2. Life cycle cost
3. Earned value
4. Net present value

Q3. A project manager has just been assigned to a new project and has been given the approved project charter. The FIRST thing the project manager must do is:

1. Create a project scope statement
2. Confirm that all the stakeholders have had input to the scope
3. Analyze project risk
4. Begin work on a project management plan

Q4. A project manager for a large international bank has a project team that just implemented an electronic funds project involving four large vendors. The project manager struggled through every part of the procurement process since the bank had a weak internal procurement department. What would be the MOST appropriate thing to do to ensure the problems are resolved for future projects?

1. Document all of the issues in a memo, and schedule a meeting with the head of the procurement office.
2. Include a agenda item in the project closedown to discuss these issues in a non-threatening manner
3. Address this through contract change control.
4. Conduct a procurement audit.

Q5. You are constructing a school building and due to some unforeseen incidents, your project is delayed. To bring the project on schedule, you are thinking about running several activities in parallel which were earlier planned to run sequentially. So, you started reviewing activities such as excavation of foundation, building walls, carpentry work, electrical work, and plumbing work, etc. After the review, you decide to run the carpentry, electrical, and plumbing works together. Excavating the foundation for the construction of a wall is an example of which of the following?

1. Mandatory dependency
2. Discretionary dependency
3. External dependency
4. Internal dependency

Q6. 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 the status report to the stakeholders.
4. Constantly update the stakeholders on the status of all project changes.

Q7. A new project manager has asked you for advice on creating a work breakdown structure. After you explain the process to him, he asks you what software he should use to create the WBS, and what he should do with it when he is finished creating it. You might respond that it is not the picture that is the most valuable result of creating a WBS. It is:

1. A bar chart
2. Team buy-in
3. Activities
4. A list of risks 9

Q8. The Risk Register contains details of all identified risks and their current status. It is a document containing the results of:

1. Plan Risk Responses
2. Identify Risks
3. Monitor Risks
4. Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, and Plan Risk Responses

Q9. Which of the following represents information presented in its order of priority and helps focus on the MOST difficult issues?

1. A flowchart
2. A fishbone diagram
3. A control chart
4. A Pareto chart

Q10. Joe is attempting to calculate the probable financial impact of some future uncertain scenarios. What method could he use?

1. Pareto analysis
2. Earned value analysis
3. Variance analysis
4. Expected monetary value analysis