BU 345
Project Management
Finals Exam (Qns & Ans)
2025
General Instructions
1. Read All Questions Carefully: Make sure you understand each question.
2. Time Management: You have a specific amount of time to complete the exam.
Keep an eye on the clock and pace yourself.
3. Allowed Materials: Only use materials that are explicitly allowed. Unauthorized
materials can lead to disqualification.
4. ANS Format: Follow the required format for your ANS. For example, multiple-
choice questions might need you to select the best ANS, while essay questions
require detailed responses.
5. Academic Integrity: Adhere to the university's honor code. Any form of cheating or
plagiarism is strictly prohibited.
6. Technical Requirements: Ensure your computer and internet connection are
stable. For online exams, you might need a webcam and microphone for proctoring
purposes.
7. Submission: Submit your ANS before the time expires. Late submissions might
not be accepted.
©2024/2025
,1. Which of the following is NOT a phase in the Project
Management Institute's (PMI) project management process
groups?
- A) Initiating
- B) Designing
- C) Executing
- D) Closing
Correct ANS: B) Designing
Rationale: The PMI framework includes five process
groups: Initiating, Planning, Executing, Monitoring &
Controlling, and Closing.
2. Which of the following is an example of a qualitative risk
analysis technique?
- A) Monte Carlo Simulation
- B) Risk Probability and Impact Matrix
- C) Expected Monetary Value Analysis
- D) Decision Tree Analysis
Correct ANS: B) Risk Probability and Impact Matrix
©2024/2025
, Rationale: The Risk Probability and Impact Matrix is used
to prioritize risks based on their likelihood and potential
impact, making it a qualitative approach.
3. What is earned value management (EVM) primarily used
for in projects?
- A) Identifying project stakeholders
- B) Measuring project performance and progress
- C) Developing a project schedule
- D) Estimating project costs
Correct ANS: B) Measuring project performance and
progress
Rationale: EVM integrates cost, time, and scope to assess
project performance against the plan.
4. Which process involves defining and managing all the work
required to complete the project successfully?
- A) Scope Management
- B) Cost Management
- C) Risk Management
- D) Quality Management
Correct ANS: A) Scope Management
©2024/2025
Project Management
Finals Exam (Qns & Ans)
2025
General Instructions
1. Read All Questions Carefully: Make sure you understand each question.
2. Time Management: You have a specific amount of time to complete the exam.
Keep an eye on the clock and pace yourself.
3. Allowed Materials: Only use materials that are explicitly allowed. Unauthorized
materials can lead to disqualification.
4. ANS Format: Follow the required format for your ANS. For example, multiple-
choice questions might need you to select the best ANS, while essay questions
require detailed responses.
5. Academic Integrity: Adhere to the university's honor code. Any form of cheating or
plagiarism is strictly prohibited.
6. Technical Requirements: Ensure your computer and internet connection are
stable. For online exams, you might need a webcam and microphone for proctoring
purposes.
7. Submission: Submit your ANS before the time expires. Late submissions might
not be accepted.
©2024/2025
,1. Which of the following is NOT a phase in the Project
Management Institute's (PMI) project management process
groups?
- A) Initiating
- B) Designing
- C) Executing
- D) Closing
Correct ANS: B) Designing
Rationale: The PMI framework includes five process
groups: Initiating, Planning, Executing, Monitoring &
Controlling, and Closing.
2. Which of the following is an example of a qualitative risk
analysis technique?
- A) Monte Carlo Simulation
- B) Risk Probability and Impact Matrix
- C) Expected Monetary Value Analysis
- D) Decision Tree Analysis
Correct ANS: B) Risk Probability and Impact Matrix
©2024/2025
, Rationale: The Risk Probability and Impact Matrix is used
to prioritize risks based on their likelihood and potential
impact, making it a qualitative approach.
3. What is earned value management (EVM) primarily used
for in projects?
- A) Identifying project stakeholders
- B) Measuring project performance and progress
- C) Developing a project schedule
- D) Estimating project costs
Correct ANS: B) Measuring project performance and
progress
Rationale: EVM integrates cost, time, and scope to assess
project performance against the plan.
4. Which process involves defining and managing all the work
required to complete the project successfully?
- A) Scope Management
- B) Cost Management
- C) Risk Management
- D) Quality Management
Correct ANS: A) Scope Management
©2024/2025
