Project Management Question Bank
for Exam preparation

Q2. Benefit measurement and constrained optimization are examples of:

1. Benefit cost ratios
2. Variable costs
3. Types of depreciation
4. Project selection methods

Q3. During the Plan Risk Management process, assigning ___________ will help you and the project team identify all important risks and work more effectively during the identification process.

1. Risk factors
2. Blame
3. Risk mitigation plans
4. Risk categories

Q4. 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

Q5. Management is sending a team of experts for a risk audit. You inform management that you have already completed the risk review process and did not find any shortcomings, so there is no need for a risk audit. However, management is firm on their decision. Which of the following is true about the risk audit and risk review?

1. A risk audit is performed to see the effectiveness of a risk response plan
2. A risk audit is performed to see if you are following the correct procedures
3. A risk review is performed to see if you are following the correct procedures
4. Both are the same but an audit is done by external experts and a review is done internally

Q6. Which of the following is an example of rolling wave planning in a project following an adaptive life cycle?

1. Iterative scheduling with a just-in-time log
2. Predictive scheduling with no backlog
3. Inflexible scheduling without leads and lags
4. Iterative scheduling with a backlog

Q7. Nancy’s project has a large number of key positive and negative stakeholders. To ensure the project’s success, it is essential to manage the influential negative stakeholders closely. Do the key positive stakeholders need to be managed, too?

1. No; more attention needs to be given to the key negative stakeholders.
2. The positive stakeholders need to be closely managed, as well, since stakeholders’ needs and expectations change over time.
3. Project stakeholders should not be classified as positive and negative stakeholders.
4. Yes; positive stakeholders should be more closely managed than the negative stakeholders.

Q8. The engineering resource group, a matrix organization of which a project manager’s project team is a part, has a policy of no salary bonuses for project work. The project manager’s current project has an aggressive timeline and a difficult technical obstacle to overcome. A new product offering is dependent on this project’s success in the current timeline. The project manager has heard grumbling from his team members about the fact that they cannot be rewarded for their effort. What is the FIRST thing the project manager should do?

1. The project manager should determine whether other team members from another department can help with the project.
2. The project manager should talk to management to determine other rewards that can be given.
3. The project manager should negotiate a less aggressive schedule from the client.
4. The project manager should talk with the team about the importance of getting this done on time and explain the company policy.

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 activity’s float?

1. 10
2. 6
3. 3
4. 19

Q10. Which of the following Manage Quality techniques examines problems, constraints, and non-value-added activities that occur during project work?

1. Sensitivity Analysis
2. Expected monetary value analysis
3. Earned Value Analysis
4. Process Analysis