Project Management Question Bank
for Exam preparation

Q2. A project manager’s project has just been dropped to a lower priority on the list on his department’s prioritize projects. It would be BEST for the project manager to:

1. Let the customer know that the project schedule will need to slip.
2. Use some of the management reserve to accommodate the change.
3. Start cutting wok packages.
4. Gain more resources.

Q3. Which of the following BEST describes comparing actual dates with planned dates?

1. Develop Schedule
2. Resource leveling
3. Variance analysis
4. Three-point estimating

Q4. The banks in the Ukraine have raised the annual interest rates sharply to 30 percent. You have the option to invest your money either in Ukrainian banks or to build a small factory for a client. The total cost of building the factory will be $12 million but it will spread evenly over one year ($1 million payable by the end of each month for the next 12 months). The client will make a payment of $3.9 million at the end of each quarter from the start of the project. Which of the following is the best option (if you are only considering the return on investment)?

1. Build the factory for the client
2. Invest the money in the bank for a year
3. Both options offer the same payoff
4. Information given is insufficient to determine the best option

Q5. You are working on a waste management project that, upon completion, will be turned over to the local municipality for steady-state operation. Parking of trucks and other vehicles has become a serious problem because no parking area was allotted to you on the main dumping site. As a result, your trucks are parked on nearby roadsides. One of the fleet supervisors informs you that close to the main site, there is a large tract of land a local charity owns. Many locals park their cars on this tract of land. What should you do?

1. Since the piece of land is already used as parking, you can park your trucks over there.
2. Don’t park the trucks on that piece of land because it will be a violation of other’s property rights.
3. Check the local parking laws.
4. Ask the supervisor to get contact information of the local charity.

Q6. Mary is managing an organizational transformation project. The nature of the project would require responding to high levels of change and would also require continuous stakeholder engagement. Which of the project lifecycles should be chosen for this project?

1. Predictive life cycle
2. Plan-driven life cycle
3. Waterfall life cycle
4. Adaptive life cycle

Q7. During the completion of the project work, a project manager wants to ensure that the quality of the end product is acceptable. The BEST way to do this is by:

1. Checking quality against the standards set in the quality management plan
2. Identifying the quality standards you want the end product to meet
3. Performing cost-benefit analysis
4. Determining the cause of a problem using a fishbone diagram.

Q8. A project organizational chart shows resources and:

1. WBS work packages
2. Activity resource estimates
3. Responsibilities
4. Schedule.

Q9. A first-time project manager wanted to have a “perfect project.” This manager informed the customer that this project would not accept change requests of any kind and that the scope would need to be defined precisely at the very start of the project. The customer agreed to this request. What would your comment on this situation be?

1. The is a good example of how the project management team can decide what is and what is not necessary for the project. Not allowing changes is a good way of ensuring that the project meets requirements as detailed in the project scope.
2. This is unrealistic and impractical. Change is inevitable and rather than look at a 'no change' project, it would be more in the project interests to plan for a robust change control process.
3. This indicates that the project manager is very aggressive and is likely to take the project to successful completion. Since he has announced the 'no change requests' policy, the customer manager can no longer request changes.
4. This is unrealistic and impractical. The project manager should not have announced his intentions to the customer. He should have had an unofficial policy of rejecting all change requests.

Q10. You are taken to lunch by one of your sellers who has become a friend. He gives you an opportunity to participate in a new venture in association with his company, unrelated to your current employment. What should you do?

1. Refuse to participate
2. Participate
3. Participate but advise your employer of the offer
4. Request your employer’s consent for your participation.