Actual Exam Questions & Answers (A+
Guide Solution, Newest 2025)
Question 1
What is the primary purpose of project management?
Answer: Deliver a unique product or service within constraints
Rationale: Project management ensures a temporary endeavor produces a specific outcome
within scope, time, and budget constraints.
Question 2
What is a project?
Answer: A temporary activity that creates a unique result
Rationale: Projects have defined start/end dates and produce specific deliverables, unlike
ongoing operations.
Question 3
What is a program?
Answer: A group of related projects
Rationale: Programs coordinate multiple projects to achieve a broader objective.
Question 4
What is a portfolio?
Answer: A group of programs supporting long-term goals
Rationale: Portfolios align programs and projects with organizational strategy.
Question 5
How do operations differ from projects?
Answer: Operations are ongoing; projects are temporary
Rationale: Operations sustain daily business, while projects have a finite duration.
,Question 6
What does PMBOK stand for?
Answer: Project Management Body of Knowledge
Rationale: PMBOK is the PMI’s standard guide for project management practices.
Question 7
What does PRINCE2 stand for?
Answer: PRojects IN a Controlled Environment
Rationale: PRINCE2 is a structured project management methodology.
Question 8
What are the five PMBOK process groups?
Answer: Initiating, Planning, Executing, Monitoring, Closing
Rationale: These groups organize project management processes systematically.
Question 9
Which process group defines the project and authorizes resources?
Answer: Initiating
Rationale: Initiating involves project charter creation and stakeholder identification.
Question 10
Which process group is the delivery phase where main activities occur?
Answer: Executing
Rationale: Executing involves implementing the project plan and coordinating resources.
Question 11
What is the purpose of the project charter?
Answer: Define project scope and authorize resources
Rationale: The charter formalizes the project’s existence and objectives.
Question 12
What does SMART stand for in project objectives?
Answer: Specific, Measurable, Attainable, Relevant, Timely
Rationale: SMART criteria ensure clear and achievable objectives.
,Question 13
What is the triple constraint in project management?
Answer: Cost, schedule, scope
Rationale: These constraints balance project success.
Question 14
What is stakeholder analysis?
Answer: Identifying stakeholders’ interests and needs
Rationale: Stakeholder analysis ensures effective communication and engagement.
Question 15
What is a Work Breakdown Structure (WBS)?
Answer: A tool to define tasks and responsibilities
Rationale: WBS breaks the project into manageable deliverables.
Question 16
What are the two main categories of numeric project selection models?
Answer: Profit/profitability and scoring models
Rationale: These models use quantitative measures for decision-making.
Question 17
How do profit/profitability models work?
Answer: Measure financial returns relative to cost
Rationale: They focus on payback period, NPV, or IRR.
Question 18
What is the payback period?
Answer: Time to recover project costs
Rationale: It measures how quickly an investment is recouped.
Question 19
What is Net Present Value (NPV)?
, Answer: Value of future cash flows in today’s dollars
Rationale: NPV accounts for the time value of money.
Question 20
What is Internal Rate of Return (IRR)?
Answer: Discount rate making NPV zero
Rationale: IRR indicates project profitability.
Question 21
What are scoring models for project selection?
Answer: Integrate multiple criteria with weights
Rationale: Scoring models allow flexible evaluation of project proposals.
Question 22
What is a sacred cow project?
Answer: A poorly planned project hesitantly discussed
Rationale: These projects are often driven by executive preference.
Question 23
What are the three major project management organizations?
Answer: PMI, APM, IPMA
Rationale: These are globally recognized bodies: Project Management Institute, Association for
Project Management, and International Project Management Association.
Question 24
What is the functional organizational structure?
Answer: Departmentalized with clear authority lines
Rationale: Projects are managed within departments with limited PM authority.
Question 25
What is a projectized organizational structure?
Answer: PM has full authority, cross-functional teams
Rationale: Teams report directly to the PM, enhancing decision-making.