Project Management Question Bank
for Exam preparation

Project Management- Q2. A list of risks for additional study is an output of:

1. Identify risks
2. Plan risk management
3. Perform Qualitative Risk Analysis
4. Perform Quantitative Risk Analysis.

Project Management- Q3. Ideally the relationship between a project manager and a business analyst should be:

1. Business analyst should directly report to the project manager
2. A collaborative partnership
3. Project manager should directly report to the business analyst
4. Business analyst must audit the project manager

Project Management- Q4. Which of the following tools give a visual representation of an organization’s data, described in business language that is independent of any specific technology?

1. Matrix diagrams
2. Mind maps
3. Flowcharts
4. Logical data model

Project Management- Q5. Your company is considering buying a building worth $1 million. If the company buys this building and rents it out for the next five years, it will get $100,000 per year as rent (receivable by the end of each year). At the end of the fifth year, the company will resell the building at $1.1 million. What is the NPV of this investment at 10 percent per annum discount rate?

1. 62092
2. 600000
3. 1600000
4. 2200000

Project Management- Q6. The critical path method (CPM) calculates the theoretical early start and finish dates and late start and finish dates. The difference between the late and early start of a task is a:

1. Free float
2. Feeding buffer
3. Danger zone
4. Total float

Project Management- Q7. Warranty and inventory costs are going up, causing the project manager to worry about the costs of non-conformance. What is the BEST advice you can give the project manager?

1. Increase scrap.
2. Increase rework
3. Perform a quality audit.
4. Look for benchmarks.

Project Management- Q8. Three strategies that typically deal with negative risks or threats are:

1. Enhance, Share, and Accept
2. Transfer, Exploit, and Accept
3. Avoid, Transfer, and Exploit
4. Avoid, Transfer, and Mitigate

Project Management- Q9. In managing project communications, what should the project manager keep in mind?

1. Communication skills are most important during project executing.
2. The receiver is responsible for making sure communications are clear.
3. Only the team members need to be concerned about communication with each other.
4. A choice must be made about how to communicate properly.

Project Management- Q10. A project team member finds that the color scheme of the webpage he is designing appears too gaudy and decides to change it to a melloweddown color scheme. The customer approved the original color scheme and the color palette. The independent testing team flags this as a defect, and a heated discussion ensues between the team member and the testing team. What is your view?

1. The testing team is incorrect in flagging this as a defect. This is an example of expert judgment when historical expertise is brought into the project.
2. The testing team is correct. Even though the new color scheme is more pleasing than the old one, the appropriate change management process was not followed, and the work product is not as per design.
3. The testing team is not right in flagging this. The color scheme is a simple matter, and the new colors are definitely more pleasing than the old ones.
4. The testing team is correct in flagging this. The team member should have sent a note along with the work product indicating he or she made the color scheme change.