Project Management: Question Bank Solution
Project Management Quiz
Test your knowledge of project management concepts with our engaging quiz! This quiz covers a variety of important topics including project life cycles, risk management, and project performance metrics. Join now to see how well you understand project management principles!
- 30 multiple-choice questions
- Ideal for both beginners and experienced project managers
- Get instant feedback on your answers
1- A .................... Is a set of activities, which are networked in an order and aimed towards achieving the goals of a project.
(A) Project
(B) Process
(C) Project management
(D) Project cycle
2- Which of the following statements is true?
(A) Investments that have a positive net present value should be considered for acceptance.
(B) Investments that have a negative net present value should always be accepted.
(C) Investments that pay back in five years or less should always be accepted.
(D) Investments that yield a positive internal rate of return should be accepted.
3- Developing a technology is an example of...................
(A) Process
(B) Project
(C) Scope
(D) All of the above
4- The project life cycle consists of....................
(A) Understanding the scope of the project
(B) Objectives of the project
(C) Formulation and planning various activities
(D) All of the above
5- Following..................... is(are) the responsibility(ies) of the project manager.
(A) Budgeting and cost control
(B) Allocating resources
(C) Tracking project expenditure
(D) All of the above
6- Project performance consists of...................
(A) Time
(B) Cost
(C) Quality
(D) All of the above
7- Five dimensions that must be managed on a project
(A) Constraint, Quality, Cost, Schedule, Staff
(B) Features, Quality, Cost, Schedule, Staff
(C) Features, priority, Cost, Schedule, Staff
(D) Features, Quality, Cost, Schedule, customer
8- The entire process of a project may be considered to be made up on number of sub process placed in different stage called the...................
(A) Technical key resources
(B) Work key structure
(C) Work Breakdown Structure (WBS).
(D) None of the above
9- Following.................... is (are) the component(s) of risk management
(A) Risk Assessment
(B) Risk Control
(C) Risk Ranking
(D) All of the above
10- Following................... Are the characteristics of Project Mindset.
(A) Time, Responsiveness, Information sharing, Processes, structured planning
(B) Time, Project management, Information sharing, Processes, structured planning
(C) Time, Responsiveness, Information sharing, capability, structured planning
(D) Time, Responsiveness, Information sharing, Processes, project planning
11- Assembling project team and assigning their responsibilities are done during which phase of a project management?
(A) Initiation
(B) Planning
(C) Execution
(D) Closure
12- A program is usually a group of...................
(A) Plans
(B) People and work
(C) Related projects
(D) Unrelated projects
13- Which from the following statement is NOT true?
(A) Projects have defined objectives
(B) Programs have a larger scope than projects
(C) The projects and programs in a portfolio must be directly related
(D) Program is a higher level group of projects targeted at a common goal
14- If any one factor of a project changes, ................... Other factor(s) is/are likely to be affected.
(A) All
(B) One
(C) At least one
(D) At most one
15- Which from the following represents the correct project cycle?
(A) Planning→Initiating→Executing→Closing
(B) Planning→Executing→Initiating→Closing
(C) Initiating→Planning→Executing→Closing
(D) Initiating→Executing→Planning→Closing
16- Which of the following statement(s) is/are true about a Project?
(A) It brings change
(B) It has risk
(C) The outcome is certain
(D) A and B
17- Which of the following is NOT a part of project management?
(A) Initiating
(B) Monitoring
(C) Closing
(D) All above are parts
18- The scope of the work is defined in which phase of the project management?
(A) Initiating
(B) Planning
(C) Executing
(D) Closing
19- How the project work will be carried out, monitored, and controlled? These questions are answered in which phase of the project management?
(A) Initiating
(B) Planning
(C) Executing
(D) Closing
20- The review of the successes and the mistakes is normally held during ..................... phase.
(A) Initiation
(B) Planning
(C) Execution
(D) Closure
21- Project managers have to assess the risks that may affect a project.
(A) True
(B) False
22- Which of the following is not considered as a risk in project management?
(A) Specification delays
(B) Product competition
(C) Testing
(D) Staff turnover
23- Which of the following is not considered to be a characteristic of a project?
(A) An established objective
(B) A clear beginning and end
(C) Complex tasks
(D) Only for internal use
24- From among the following activities, which is the best example of a project?
(A) Processing insurance claims
(B) Producing automobiles
(C) Writing a term paper
(D) Completing a college degree
25- Which of the following choices is not one of the stages of a project life cycle?
(A) Conceptualizing
(B) Defining
(C) Planning
(D) Executing
26- In which of the following stages are project objectives established, teams formed, and major responsibilities assigned?
(A) Conceptualizing
(B) Defining
(C) Planning
(D) Executing
27- In which of the following stages are you more likely to find status reports, many changes, and the creation of forecasts?
(A) Conceptualizing
(B) Defining
(C) Planning
(D) Executing
28- Which of the following choices is not one of the driving forces behind the increasing demand for project management?
(A) Compression of the product life cycle
(B) Knowledge explosion
(C) Development of third world and closed economies
(D) More emphasis on the product and less on the customer
29- Project management is ideally suited for a business environment requiring all of the following except...................
(A) Accountability
(B) Flexibility
(C) Innovation
(D) Repeatability
30- Which of the following is the number one characteristic that is looked for in management candidates?
(A) Overall intelligence
(B) Works well with others
(C) Experience
(D) Past successes
31- A communication management plan identifies the relevant information that should be communicated to:
(A) The project team.
(B) The project stakeholders.
(C) The project board.
(D) The project sponsor.
32- Project risk management is best described as:
(A) Managing responses to threats.
(B) Identifying and acknowledging threats and opportunities.
(C) Planning responses to threats.
(D) Minimizing threats and maximising opportunities.
33- Scheduling can best be defined as the process used to determine:
(A) Overall project duration.
(B) Project cost estimating.
(C) The project management plan.
(D) Sub-contractor’s responsibilities.
34- Which one of the following statements is true?
(A) An increase in project scope is likely to increase project cost.
(B) A decrease in the project time is likely to increase project quality.
(C) An increase in the project quality requirements is likely to decrease project cost.
(D) A decrease in the project cost is likely to decrease project time.
35- Which one of the following statements best defines the purpose of a Product Breakdown Structure (PBS)?
(A) To define the hierarchy of deliverables that are required to be produced on the project.
(B) To define how the products are produced by identifying derivations and dependencies.
(C) To establish the extent of work required prior to project commissioning and the handover.
(D) To identify the health and safety strategies and procedures to be used on the project.
36- Which one of the following best describes users?
(A) Providers of both strategic and tactical direction to the project.
(B) Those intended to receive benefits or operate outputs.
(C) Facilitators of an appropriate issue resolution procedure.
(D) Those providing full-time commitment to the project.
37- Which statement best describes a responsibility of the project manager:
(A) To be the sole source of expertise for estimating techniques on cost and time.
(B) To deliver the project objectives to enable benefits to be realised.
(C) To take ultimate accountability for the delivery of the business benefits.
(D) To delegate all accountability for managing time, cost and quality to team leaders.
38- A project is typically defined in terms of scope, time, cost and which other parameter?
(A) Benefits.
(B) Quality.
(C) Tolerance.
(D) Controls.
39- General Motor is considering the purchase of an asset for £150,000. This asset will generate the following cash flows: Year 1 20,000 Year 2 25,000 Year 3 65,000 Year 4 40,000 Year 5 35,000 Year 6 30,000 The Payback period would be:
(A) The investment does not pay back
(B) 5 years
(C) 6 years
(D) 4 years
40- The main outcome of risk identification, in a risk management process, is to:
(A) identify and determine the relative importance of the project risks.
(B) identify and describe all risks that might occur on the project.
(C) identify and determine the responses to the project risks.
(D) identify and describe risks that have occurred on previous projects.
41- Which one of the following statements best describes a project?
(A) A project is a set of tools and techniques often used when delivering organizational change.
(B) A project is the sum of activities needed to remove uncertainty from a unique piece of work.
(C) A unique transient endeavor undertaken to achieve a desired outcome.
(D) A project is a method of planning work.
42- Which one of the following best describes a project stakeholder?
(A) A party who is concerned about the project going ahead.
(B) A party with an interest or role in the project or is impacted by the project.
(C) A party who has a vested interest in the outcome of the project.
(D) A party who has a financial stake in the organization managing the project.
43- The main purpose of the Project Management Plan is to:
(A) Provide justification for undertaking the project in terms of evaluating the benefit, cost and risk of alternative options.
(B) Ensure the project sponsor has tight control of the project manager’s activity.
(C) Document the outcomes of the planning process and provide the reference document for managing the project
(D) Document the outcome of the risk, change and configuration management processes.
44- A key aspect of managing a project involves:
(A) Defining which operational systems to put in place.
(B) Identifying routine tasks.
(C) Ensuring ongoing operations are maintained.
(D) Planning to achieve defined objectives.
45- Which one of the following statements best defines teamwork?
(A) People working collaboratively towards a common goal.
(B) Developing skills that will enhance project performance.
(C) Gathering the right people together to work on a project.
(D) Establishing vision and direction towards a common purpose.
46- The accuracy of an estimate should:
(A) Decrease as a project progresses through its life cycle.
(B) Increase as a project progresses through its life cycle.
(C) Stay constant throughout the project life cycle.
(D) Vary independently of where the project is in its life cycle.
47- Which one of the following is true for the Project Management Plan (PMP)?
(A) The Project Management Plan is developed by the project manager and team and owned by the sponsor.
(B) A draft of the Project Management Plan is developed by the sponsor at the same time as the business case.
(C) The Project Management Plan is developed by the sponsor and owned by the project manager.
(D) The Project Management Plan is developed by the project manager and team and owned by the project manager.
48- A portfolio can be best defined as:
(A) A group of projects and programs carried out within an organization.
(B) A group of programs carried out under the sponsorship of an organization.
(C) A group of projects carried out under the sponsorship of an organization.
(D) A range of products and services offered by an organization.
49- Who among the below is an external stakeholder of a company?
(A) Investors
(B) Owners
(C) Employees
(D) None of the above
50- .................... Is a compelling verbal image and forms a mental picture of the future.
(A) Plan
(B) Mission
(C) Goal
(D) Vision
51- The question “What will success look like?” is answered by ....................
(A) Objectives
(B) Mission
(C) Goal
(D) Vision
52- The questions “what the company does, who it serves, and what differentiates it from competitors” are answered by ....................
(A) Objectives
(B) Mission
(C) Goal
(D) Vision
53- .................... Are conditions to be achieved in the future. They must be defined consistent with your vision and mission.
(A) Objectives
(B) Mission
(C) Goals
(D) Vision
54- .................... Identify the dates for completing the activities. They are measurable in terms of being achieved, or not
(A) Objectives
(B) Mission
(C) Goals
(D) Vision
55- .................... Is a deliverable oriented decomposition of a project into smaller components.
(A) Schedule
(B) Work Breakdown structure
(C) Features
(D) Mission
56- .................... Help you to identify one person who is accountable for each work package.
(A) Technical key resources
(B) Work key structure
(C) Work Breakdown Structure (WBS).
(D) None of the above
57- Work Breakdown Structure allow you to estimate costs accurately.
(A) True
(B) False
58- Planning as a team ensure that each chunk of work is captured.
(A) True
(B) False
59- A .................... Is a gap between where you are and where you want to be, with obstacles existing that prevent easy movement to close the gap.
(A) Work package
(B) Program
(C) Problem
(D) Project
60- Multi-Weighted Scoring Model doesn’t Allow for comparison of projects with other potential projects.
(A) True
(B) False
61- A work package is the highest level of the WBS.
(A) True
(B) False
62- .................... Identifies monitoring points (milestones) for measuring success.
(A) Work package
(B) Program
(C) Goals
(D) Project
63- .................... Help you define communication channels and assist in coordinating the various project elements.
(A) Work package
(B) Project Management
(C) WBS
(D) Project
64- Who in an organization has responsibility for working towards the vision / mission / goals?
(A) Employer.
(B) Employees.
(C) Everyone who works for the organization.
(D) Suppliers.
65- A mission statement does not usually include: ....................
(A) What we do.
(B) Deadlines for when things will be done.
(C) Who we serve.
(D) How we serve them.
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