Project Management Question Bank
for Exam preparation

Q2. You have a project with a budget of 100,000 USD. The duration of the project is 20 months, and the work is evenly distributed throughout the duration. After 10 months, you review the project’s progress and you find that 55% of the work is completed and 65,000 USD has been spent. Based on the above information, you come to the conclusion that:

1. The project is behind schedule
2. The project is ahead of schedule
3. The project is under budget
4. Not enough information

Q3. Your company can accept one of three possible projects. Project A has a net present value (NPV) of US $30,000 and will take six years to complete. Project B has an NPV of US $60,000 and will take three years to complete. Project C has an NPV of US $90,000 and will take four years to complete. Based on this information, which project would you pick?

1. They all have the same value
2. Project A
3. Project B
4. Project C 4

Q4. Who of the following has primary responsibility for establishing design and test specifications?

1. Senior management
2. Procurement
3. Engineering
4. Quality control

Q5. What does benefit cost ratio (BCR) of 2.1 mean?

1. The costs are 2.1 times the benefits
2. The profit is 2.1 times the costs
3. The payback is 2.1 times the costs.
4. The cost is 2.1 times the profit

Q6. Your project is going full steam and to prepare a monthly report you collect some data and give it to John who is your team member. You ask him to provide you with work performance information. He analyzes the information, compiles the data, and gives you the requested information which includes the status of deliverables, the number of change requests, implementation status for change requests, and forecasted estimates to complete. Among this information, which does not represent the information you requested?

1. Number of change requests
2. Status of deliverables
3. Forecasted estimates to complete
4. Implementation status for change requests

Q7. A watch list is an output of which risk management process?

1. Plan Risk Responses
2. Perform Quantitative Risk Analysis
3. Perform Qualitative Risk Analysis
4. Plan Risk Responses.

Q8. Which of the following BEST describes when additional risk responses are documented?

1. When you are in the Plan Risk Management process
2. When an unknown risk occurs
3. When the impact of a known risk event is more significant than expected
4. When a risk due to happen multiple times on a project does not occur the first time it is expected.

Q9. You are the project manager of a large IT project. A manager from a company contracted to work on the project offers you free tickets to a local sporting event. The tickets are expensive, but your organization has no formal policy regarding gifts. What is the best way to handle the offer?

1. Refuse the tickets and report the offer to your employer
2. Accept the tickets but notify your employer
3. Politely refuse the tickets
4. Accept the tickets since there is no policy

Q10. The business case documents the business need and the cost benefit analysis that justify the project. The summary of how the project has achieved the business needs identified in the business case is document in the:

1. Project charter
2. Project WBS
3. Project Scope Statement
4. Project final report