Business Project Management

Practice Exam

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14 Chapters
1226 Verified Questions
 Business Project Management
Practice Exam
Course Introduction
Business Project Management introduces students to the essential principles and

practices required to successfully initiate, plan, execute, and close projects in a business

setting. The course emphasizes project management methodologies, tools, and

techniques such as project scheduling, budgeting, risk assessment, resource allocation,

and quality control. Students will learn how to align projects with organizational

objectives, lead project teams, manage stakeholder expectations, and use project

management software. Case studies and real-world scenarios provide practical insights

into overcoming common challenges, enabling students to develop problem-solving

and leadership skills necessary for managing diverse projects in today’s dynamic

business environments.

Recommended Textbook
Successful Project Management with Microsoft Project 2010 5th Edition by Jack Gido

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14 Chapters
1226 Verified Questions
1226 Flashcards
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Page 2
 Chapter 1: Project Management Concepts
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Sample Questions
Q1) Quality expectations are only defined at the start of the project.
A)True
B)False
Answer: False

Q2) While performing the work, all the activities in the baseline plan must be performed
in accordance to
A) what the person responsible for the activity wants.
B) lesson learned from prior projects.
C) how the sponsor has completed all their projects in the past.
D) the project schedule and technical specifications.
Answer: D

Q3) People are the only resource used in a project.

A)True
B)False
Answer: False

Q4) A project has a clear objective.

A)True
B)False
Answer: True

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Page 3
 Chapter 2: Identifying and Selecting Projects
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Sample Questions
Q1) The acceptance criteria describe the criteria necessary for the sponsor to approve
the deliverables.
A)True
B)False
Answer: True

Q2) The building constructed will have at least R-38 insulation rating for the ceiling and
R-28 for the walls. This is an example of the ________________ in a project charter.
A) acceptance criteria
B) project objective
C) project description
D) success criteria and expected benefits
Answer: A

Q3) The final decision of which projects to select is the responsibility of

A) the project evaluation team's members.
B) the project evaluation team.
C) community members.
D) the organization's owner, president, or department head.
Answer: D

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Page 4
 Chapter 3: Developing Project Proposals
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Sample Questions
Q1) For projects that are new and have high risk, the contractor should include larger
amounts of contingency.
A)True
B)False
Answer: True

Q2) The contract must clearly spell out

A) the names of those responsible for tasks.
B) the number of contact hours the contractor must have with the customer.
C) the deliverables the contractor is expected to provide.
D) the level of risk acceptable by the contractor.
Answer: C

Q3) A contractor that is entering a similar but new field should plan a smaller profit to
increase chances of winning the project.
A)True
B)False
Answer: True

Q4) Local travel is usually not included in the project costs.

A)True
B)False
Answer: True

Page 5
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 Chapter 4: Defining Scope, Quality, Responsibility, and

Activity Sequence
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Sample Questions
Q1) The work package includes all of the specific work activities that need to be
performed to produce the deliverable associated with that work package.
A)True
B)False

Q2) The focus must be on relying on after-the-fact inspections or testing and then do
the necessary work to correct quality problems.
A)True
B)False

Q3) If something is __________ the statement of work, then it should be assumed that
___________.
A) included, it will not change during the course of the project.
B) not included in, it will not be done or provided.
C) missing from, if the RFP stated the requirement is will be completed.
D) left out of, will be completed during the project.

Q4) There can be situations where the project objective needs to be modified as the
project proceeds.
A)True
B)False

Page 6
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 Chapter 5: Developing the Schedule
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Sample Questions
Q1) Free slack is the amount of time a specific activity can be
A) postponed without delaying the earliest start time of its immediately preceding
activities.
B) postponed without delaying the earliest start time of its immediately succeeding
activities.
C) accelerated without delaying the latest start time of its immediately succeeding
activities.
D) accelerated without delaying the latest finish time of its immediately preceding
activities.

Q2) Throughout a project, changes may occur that have an impact on the schedule.
A)True
B)False

Q3) The ES and EF times are determined by calculating forward-that is, by

A) adding all the times together for the project.
B) working through the network diagram from the beginning of the project to the end of
the project.
C) calculating the optimistic and pessimistic times for the project.
D) working through the network diagram from the end of the project to the beginning of
the project.

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Page 7
 Chapter 6: Resource Utilization
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Sample Questions
Q1) Select which of the following does not describe how the sequence of activities can be
drawn to reflect the availability of a limited quantity of resources.
A) The activities using the limited resources are shown in a ladder relationship as they
are available.
B) The activities using the limited resources are shown in a loop relationship as they are
available.
C) The activities requiring the limited resource are assigned at different times.
D) If there is no technical constraint for the activities, the activities could be arranged
serially by the availability of the resources.

Q2) A resource requirements plan illustrates

A) who is responsible for which activities.
B) the amount of labor expenses for the project.
C) the expected utilization of resources by time period during the time span of the
project.
D) the budget for material and cost resources.

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Page 8
 Chapter 7: Determining Costs, Budget, and Earned Value
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Sample Questions
Q1) Another indicator of cost performance is cost variance (CV). If the cumulative
earned value is greater than the cumulative actual costs, then
A) the CV is positive.
B) the CV is equal to the TBC.
C) CV cannot be determined with CEV and CAC.
D) the CV is negative.

Q2) As data are collected on _______, including portions of any committed cost, they
need to be totaled by work package so that they can be compared to the ________
A) planned cost, total budgeted cost.
B) budgeted cost of work scheduled, actual cost of work performed.
C) actual cost, cumulative budgeted cost.
D) cumulative earned value, total budgeted cost.

Q3) The _____ is the product of the percent complete and the sum of the estimated
costs of all the specific activities that make up a work package or the project.
A) total budgeted cost (TBC)
B) cumulative budgeted cost (CBC)
C) cumulative actual cost (CAC)
D) cumulative earned value (CEV)

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Page 9
 Chapter 8: Managing Risk
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Sample Questions
Q1) Sometimes a sponsor identifies major risks for the project in
A) the lessons learned after the project.
B) the project charter when the project is authorized.
C) the contract for service.
D) the project evaluation meeting.

Q2) __________ involves regularly reviewing the risk management matrix throughout
the project.
A) Risk assessing
B) Risk planning
C) Risk monitoring
D) Risk avoidance

Q3) Risk identification is determining which risks may adversely affect the development
of the project work breakdown structure and what the impact of each risk might be if it
occurs.
A)True
B)False

Q4) If the risks seem too great, the contractor may decide to not bid on a proposed
project.
A)True
B)False

Page 10
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 Chapter 9: Closing the Project
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Sample Questions
Q1) During the _____, the project team or contractor should ensure that copies of
appropriate project documentation are properly organized, filed, and archived so that
they can be readily retrieved for future use.
A) evaluating the project phase.
B) controlling the project phase.
C) performing the project phase.
D) closing the project phase.

Q2) The purposes of __________ should be to determine whether the project provided
the customer with the expected benefits, assess the level of customer satisfaction, and
obtain any feedback that would be helpful in future business relationships with this
customer or with other customers.
A) a post-project evaluation meeting with the customer or sponsor
B) a project progress meeting with project stakeholders
C) an analysis session with the project team
D) a pre-RFP meeting with the customer

Q3) Projects also can be terminated by the sponsor or customer for financial situations.
A)True
B)False

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Page 11
 Chapter 10: The Project Manager
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Sample Questions
Q1) Participate in education and training programs to develop the skills necessary to be
an effective project manager.
A)True
B)False

Q2) The capable project manager understands what motivates team members and
creates a competitive environment in which individuals compete as part of a
high-performing team and are required to excel.
A)True
B)False

Q3) How to do the task should be left up to the individuals so that they can be creative.
A)True
B)False

Q4) Despite the best laid plans, changes will still occur.
A)True
B)False

Q5) Communication by project managers needs to be timely, honest, and ambiguous.

A)True
B)False

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Page 12
 Chapter 11: The Project Team
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Sample Questions
Q1) A potential conflict on projects is Schedule where conflict can result from differences
of opinion about the sequence in which the work should be done or about how long the
work should take.
A)True
B)False

Q2) In the _______ stage of team development, team members feel increasing
dissatisfaction with dependence on the direction or authority of the project manager.
A) forming
B) norming
C) storming
D) performing

Q3) In the ________ stage of team development, the project manager should not
become defensive or take issues personally.
A) forming
B) norming
C) storming
D) performing

Q4) List examples of situations that provide an opportunity for unethical behavior:

Q5) List some dimensions of diversity:

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answers,
 Chapter 12: Project Communication and Documentation
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Sample Questions
Q1) When communicating with individuals from other cultures or countries, their customs
regarding greetings, gestures, eye contact, and protocol are not important.
A)True
B)False

Q2) The summary document should be concise and kept to one page if possible and it
should confirm decisions that were made and list the action items, including who is
responsible, the estimated completion date, and expected deliverables.
A)True
B)False

Q3) Designating a note-taker helps to have meeting minutes to share.

A)True
B)False

Q4) Project participants are usually have time to read trivial messages or irrelevant
documents containing information that could have been communicated verbally at the
next project meeting.
A)True
B)False

Q5) List some common barriers to effective listening:

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Page 14
Chapter 13: Project Management Organizational Structures
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Sample Questions
Q1) In __________, the project manager is the intermediary between the company
and the customer.
A) an autonomous project organizational structure
B) a functional organizational structure
C) a matrix organizational structure
D) a project management office

Q2) In _________, individuals can pursue career development through assignment to

various types of projects. As they broaden their experience, individuals become more
valuable for future assignments.
A) an autonomous project organizational structure
B) a functional organizational structure
C) a matrix organizational structure
D) a project management office

Q3) In _________, all the resources needed to accomplish each project are assigned
full-time to work on that project.
A) an autonomous project organizational structure
B) a functional organizational structure
C) a matrix organizational structure
D) a project management office

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Page 15
 Chapter 14: Project Management Information Systems
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Sample Questions
Q1) A concern to be considered about a project management information system is the
_________. The amount of time required varies, depending on the individual's
background.
A) false sense of security
B) information overload
C) learning curve
D) overreliance on information system

Q2) An advantage of a project management information system is the what-if analysis

because one further feature allows the user to see the effects of various scenarios on a
project.
A)True
B)False

Q3) __________feature that a project management information system provides is

the ability to effectively plan and manage the costs of projects.
A) The communication
B) The budgeting and cost management
C) The sales and business development
D) The documentation management

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Page 16