Business Project Management
Question Bank
Course Introduction
Business Project Management introduces students to the essential concepts, tools, and techniques required to successfully plan, execute, and close projects within a business environment. The course covers the fundamentals of project lifecycle management, project planning, risk assessment, resource allocation, budgeting, and stakeholder communication. Students will engage in case studies and practical exercises to develop their ability to lead teams, manage project constraints, and deliver value in dynamic business settings. Emphasis is placed on industry-standard methodologies such as Agile and Waterfall, equipping students with the skills necessary to adapt to diverse project scenarios and enhance organizational performance.
Recommended Textbook
Contemporary Project Management 3rd Edition by Timothy Kloppenborg
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15 Chapters
682 Verified Questions
682 Flashcards
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Page 2
Chapter 1: Introduction to Project Management
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Sample Questions
Q1) Generally,project life cycle stages are designed so that the amount of money spent in each of the stages is nearly equivalent.
A)True
B)False
Answer: False
Q2) Project customers can be either internal or external to the organization.
A)True
B)False
Answer: True
Q3) Some projects are considered successful if they reap business benefits like increased profitability,even if completed late or over budget.
A)True
B)False
Answer: True
Q4) Different project life cycle models are used for different types of projects.
A)True
B)False
Answer: True
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Page 3
Chapter 2: Project Selection and Prioritization
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Sample Questions
Q1) Describe the advantages and limitations of financial models in project selection. Answer: Key concepts to be covered in the response could include,but are not limited to: Financial models are helpful because projects are investments.These models can help to ensure that selected portfolio of projects meets the organization's requirements for revenue,costs and returns. Organizations often temper financial analysis with non-financial factors,which are sometimes included with the financial factors in a weighted scoring model. All financial analysis techniques have both strengths and weaknesses and on their own,and cannot insure alignment with the organization's strategic goals.They must be tempered with other considerations.
Q2) Traditional financial models are most useful when there are multiple projects and several criteria to consider.
A)True
B)False
Answer: False
Q3) Strategic analysis is often called SWOT - Start With Objectives Template (SWOT).
A)True
B)False
Answer: False
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Chapter 3: Organizational Capability: Structure,Culture and
Roles
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50 Verified Questions
50 Flashcards
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Sample Questions
Q1) Among the most important behaviors required of project managers are honoring trust,protecting people,establishing a culture of honesty,defending core values and leading major change.
A)True
B)False
Answer: True
Q2) In a functional organization workers can learn readily from others in their discipline and keep their skills sharp.
A)True
B)False
Answer: True
Q3) A form of matrix organization in which the functional manager and project manager have equal amounts of power is called a weak matrix.
A)True
B)False
Answer: False
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Chapter 4: Chartering Projects
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Sample Questions
Q1) In the project charter,what types of resources might be estimated and how detailed should the project budget or resource requirements be? Give some examples of how they might be expressed.
Q2) The milestone schedule in the project charter:
A) is a schedule that provides detailed data for when each project activity should begin.
B) is a detailed schedule that shows the planned duration for every activity in the project.
C) is a summary-level schedule that identifies significant points or events in the project.
D) is a summary-level schedule that shows how major project tasks are sequenced.
Q3) During iteration planning in an agile project,agreement is reached regarding:
A) the length of the next sprint.
B) detailed stakeholder requirements.
C) the definition of done.
D) positive and negative risks.
Q4) A well-written business case should persuade decision-makers to support the project.
A)True
B)False
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Chapter 5: Stakeholder Analysis and Communication Planning
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Sample Questions
Q1) The primary output of the "Identify Stakeholders" process is the project communications plan.
A)True
B)False
Q2) Which of the following statements accurately describes a project management plan?
A) a formal document that describes how the project will be initiated and planned
B) a formal document that describes how the project will be executed,monitored and controlled
C) a formal document that defines how the project will be terminated and closed
D) a formal document that focuses on how the project's financial results will be tracked
Q3) Contemporary project communications typically include both push methods such as blogs,and pull methods such as voice mail.
A)True
B)False
Q4) Describe the approach you would use to build relationships among the core members of the project team.
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Chapter 6: Defining Scope and Constructing Work
Breakdown Structures WBS
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Sample Questions
Q1) Which of the following items best describes a project Work Breakdown Structure (WBS)?
A) an organizational chart depicting who will perform project work
B) a schedule depicting when project work will be performed
C) a tool that the team uses to progressively divide deliverables into smaller pieces
D) a list of activities to complete the project work packages
Q2) All of the following elements should be included in a project scope statement
EXCEPT:
A) project boundaries or exclusions
B) names of the project team members
C) assumptions and constraints that may limit or influence project work
D) key deliverables with acceptance criteria
Q3) A Work Breakdown Structure must be decomposed at least four levels in order to be effective.
A)True
B)False
Q4) Plan scope management is the process of creating a project scope statement.
A)True
B)False
8
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Chapter 7: Scheduling Activities
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Sample Questions
Q1) Which of the following responses identifies a common type of logical dependency used to sequence project activities?
A) first-in; first-out
B) last-in; last-out
C) finish-to-start
D) last-in; first-out
Q2) Describe how you would use the members of your project team to develop and execute a project schedule.
Q3) GANTT refers to the Generalized Activity Network Tracking Technique which was developed to better understand how variability in the duration of individual activities impacts the expected project duration.
A)True
B)False
Q4) A Gantt chart is an easy-to-understand tool that can be used to communicate a project schedule.
A)True
B)False
Q5) Describe "slack" and how you can use slack to your advantage in managing a project.
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Chapter 8: Resourcing Projects
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Sample Questions
Q1) Consider the programmers resource histogram presented in Figure 8-3.Which activity is an ideal candidate to delay in order to achieve a feasible schedule?
A) Activity A - Define Requirements
B) Activity B - Design Application
C) Activity C - Draft User Manual
D) Activity F - Correct Defects
Q2) Critical Chain method was developed to address several problems that are common in organizations that use traditional project scheduling.Which of the following describes a common problem addressed by the critical chain method?
A) Many team members render overly optimistic estimates of the time it will take them to complete project activities.
B) Many team members work solely on a single task until it is complete - impeding work on other related activities.
C) Many team members tend to use all of the time available for an activity rather than completing it early.
D) Many team members work best when multi-tasking
Q3) What should a project manager's considerations be when resourcing projects?
Q4) What methods could a project manager use to resolve resource overloads?
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Page 10
Chapter 9: Budgeting Projects
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Sample Questions
Q1) Typically,expedited costs are preferred over regular costs.
A)True
B)False
Q2) Direct costs typically include the cost of direct labor as well as other direct costs for items such as material,travel,subcontracts and computer time.
A)True
B)False
Q3) Vendor bid analysis is used to determine whether the price being asked by the vendors appears to be reasonable.
A)True
B)False
Q4) The documentation of a project cost estimate generally requires substantial supporting detail to include all of these EXCEPT:
A) a description of scope.
B) management reserve needs
C) the estimating methods and a range of possible outcomes.
D) assumptions and constraints.
Q5) Discuss how the accuracy of cost estimates becomes more precise during a project.
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Page 11
Chapter 10: Project Risk Planning
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Sample Questions
Q1) The primary questions project teams use in qualitative risk analysis are "how likely is this risk to happen?",and "if it does happen,how big will the impact be?"
A)True
B)False
Q2) Risk response strategy decisions should reflect a thorough understanding of the priorities that key stakeholders have for cost,schedule,scope,and quality.
A)True
B)False
Q3) On agile projects,detailed risk management activities may occur during all of the following times EXCEPT:
A) While planning each subsequent iteration.
B) During early risk planning at the start of the project.
C) In daily stand-up meetings.
D) During retrospectives at the end of each iteration.
Q4) Risk response strategies such as mitigation and exploitation apply to both threats and opportunities.
A)True
B)False
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Page 12
Chapter 11: Project Quality Planning and Project Kick-Off
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Sample Questions
Q1) Project stakeholders will judge the quality of project work processes as well as project deliverables.
A)True
B)False
Q2) The outputs of Control Quality may include recommended preventive actions designed to ensure the future performance of project work is aligned with the project management plan.
A)True
B)False
Q3) Perform Quality Assurance is monitoring specific results to determine whether they comply with relevant quality standards.
A)True
B)False
Q4) Fact-based management includes four key ideas.Which of the following is among the key ideas associated with fact-based management?
A) the need to understand variation
B) reliance on historical research
C) routine use of interrogations
D) use of analogous estimating
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Chapter 12: Project Supply Chain Management
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Sample Questions
Q1) During procurement planning,the project team determines which needs can best be met by acquiring products and services from an outside provider,and which can be accomplished by the team.
A)True
B)False
Q2) Traditional project procurement was characterized by win / lose adversarial relations between owner and contractor,whereas contemporary project partnering fosters a relationship of trust and collaboration.
A)True
B)False
Q3) Which of the following is one of the PMBOK Guide's four project procurement management processes?
A) Conduct procurements
B) Perform configuration management
C) Conduct contract reviews
D) Perform value engineering
Q4) Compare and contrast traditional project procurement management with the more contemporary approach - project partnering.What are the conditions or sharing requirements for effective project partnerships?
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Chapter 13: Leading and Managing Project Teams
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Sample Questions
Q1) All of the following are advantages associated with assigning both core team members and subject matter experts to the project as soon as possible EXCEPT:
A) implementers are more motivated when they help create the plan
B) early assignment of SMEs to the project saves money
C) early assignment helps ensure team members are available when needed
D) plans are more realistic when those who will perform the work are involved in the planning
Q2) Project teams often adopt ground rules to address which of the following relationship topics?
A) manage sponsors and senior leaders
B) manage customers and clients
C) protect confidentiality
D) protect the project sponsor
Q3) All of the following are among the steps of the negotiation process EXCEPT:
A) clarify both parties interests
B) work toward a common goal
C) use "good cop / bad cop" technique
D) clarify and confirm agreements
Q4) Identify and describe five characteristics of a high-performing project team.
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Chapter 14: Determining Project Progress and Results
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Sample Questions
Q1) The Cost Variance (CV)is a measure of cost efficiency of budgeted resources on a project,expressed as the ratio of earned value (EV)to actual cost (AC).
A)True
B)False
Q2) When a project manager asks clarifying questions and paraphrases what is being communicated to them,he or she is using ?
A) Passive listening
B) Active listening
C) Information gathering techniques
D) Soft skills
Q3) Describe the three different categories of risk events that occur during the control risk process,and some of the risk resolution strategies that might be used for each.
Q4) The control quality process deals with using correct policies and convincing stakeholders that the project team is capable of producing good output.
A)True
B)False
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Chapter 15: Finishing the Project
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Sample Questions
Q1) Project close-out checklists are used by many organizations to assign responsibility to each item concerning project closeout.
A)True
B)False
Q2) On some projects,some deliverables remain incomplete at project close-out.Activities that are not complete should be itemized,and responsibility for each should be clearly identified.
A)True
B)False
Q3) Some project sponsors will only approve a project charter if it includes and reflects lessons learned from other recently completed projects.
A)True
B)False
Q4) Which of the following reasons might lead to an early contract termination for convenience?
A) The buyer faces changing priorities.
B) The seller faces unexpected difficulties.
C) The seller needs change.
D) The buyer and seller negotiate a settlement
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