1. A project manager has 5 people in his team, how many communication channels are there?

A. 5
B. 10
C. 15
D. 20

Ans: C

2. When does the Product lifecycle begin?

A. At the beginning of the Project lifecycle

B. At the end of the project lifecycle
C. In between the project and program lifecycle
D. At the end of the Portfolio lifecycle

Ans: A

3. On a very complex project, some stakeholders are requesting for some changes that are outside
the scope of the charter. What is the best thing that the project manager should do first?

A. Tell the stakeholders that the change cannot be made because it is beyond the scope of the
Charter.
B. Ask for a description of the change.
C. Meet with the sponsor about the requests.
D. Evaluate the impact and consequences of the changes.

Ans: B

4. What does TCPI of 0.8 mean?

A. 80% of the resources have been used on the project.

B. 20% of the current resources have been used on the project.
C. 80% of the remaining resources is required to meet up with the cost goals of the project
D. 20% of the cost of the project has been saved on the project.

Ans: C

5. Which one of these statements is false?

A. The critical path has the greatest risk on the project.

 B. The critical path has no slack.
C. There can be only one critical path.
D. The critical path determines the duration of the project.

Ans: C

6. In a functional organization, the project manager’s authority is ______________ .

A. High to Total
B. Medium to High
C. Low to Medium
D. Little.

Ans: D

7. Who is responsible for the Quality of Activities in a project?

A. Team members
B. Project Manager
C. Quality Manager
D. Senior Management

Ans: A

8. What is the next thing to do after deliverables have been verified in Control Quality Process?

A. Close the project.

B. Perform Quality Assurance
C. Conduct a Quality Audit
D. Validate Scope

Ans: D

9. In which process group is the charter developed?

A. Initiating
B. Planning
C. Executing
D. Monitoring and Controlling
 Ans: D

10. What is a Risk Probability and Impact matrix used for?

A. Identifying risks.
B. Quantifying the impact of risks on the cost and schedule of the project.
C. Risk Response Planning.
D. Ranking Risks on a Project.

Ans: D

11. In which process group are stakeholders identified.

A. Initiating
B. Planning
C. Executing
D. Monitoring and Controlling

Ans: A

12. A company is considering whether to build a new plant or renovate its existing plant. There is a
0.4 chance that funding would be secured early enough. If funding is secured early the company
saves $400,000 if a new plant is built and $350,000 if the plant is renovated. If funding comes
late the cost of building a new plant and renovating the existing one would go over budget by
$150,000 and $120,000 respectively. What is the Expected Monetary Value for building a new
plant?

A. $400,000
B. $150,000
C. $70,000
D. $250,000

Ans: D

13. Which of these statements is most correct about lessons learned?

A. It is done during Initiating.

B. It is done during closing.
C. It is done during planning.
D. It can be done at anytime in a project.
 Ans: D

14. What is the most appropriate description of a lag?

A. A lag is a delay caused by resource constraints.

B. A lag is a delay within an activity
C. A lag is a delay between activities
D. A lag is a delay caused by a mandatory dependency

Ans: C

15. Which contract type has the most risk for the seller?

A. Service Level Agreement

B. Fixed Price contract
C. Cost reimbursable contract
D. Time and material contract.

Ans: B

16. Which of these is not a risk response strategy?

A. Risk response strategies for opportunities

B. SWOT analysis
C. Risk response strategies for negative risks
D. Contingence response planning

Ans: B

17. The business case is an input for which of these processes?

A. The Project management Plan

B. Define Scope
C. Estimate Cost
D. Develop Project Charter

Ans: D

18. The Project Charter is signed by ________________?

A. The Project manager.
B. Senior management.
 C. The Functional Manager.
D. The Sponsor.

Ans: D

19. The Work Breakdown Structure is created in which of the following process groups?
A. Initiating
B. Planning
C. Executing
D. Closing

Ans: B

20. A Change Control Board (CCB) is responsible for?

A. Requesting Changes in a project.

B. Evaluating when a change is needed.
C. Approving or rejecting changes in a project.
D. Integrated Change Control process.

Ans: C

21. A charity event party is to be held that will cost $10 per person. Here is the information you
have.

If the Party is held inside, 150 people are likely to attend.

If the party is held outside, 200 people are likely to attend.
There is a 20% chance of rain on the day of the party.
If it rains and the party is held inside, only 100 people will attend.
If it rains and the party is held outside, only 80 people will attend.

If the goal of the project is to maximize revenue, should the party be held inside or outside and
why?

A. Inside with an expected revenue of $1500

B. Outside with and expected revenue of $2000
C. Inside with an expected revenue of $1400
D. Outside with an expected revenue of $1760

Ans: D