Project Management Question Bank
for Exam preparation

Q2. Ron is a project manager handling an alternate water-supply project. During a project performance review, he notices the following: (i) Activity A, on the critical path, is delayed by four days. (ii) Activity B, not on the critical path, is delayed by nine days. (iii) Activity C, on the critical path, is delayed by two days. (iv) Activity D, not on the critical path, is delayed by five days. In what sequence should Ron prioritize his efforts in addressing these delays?

1. First Activities A and B, and then Activities C and D
2. First Activities A and C, and then Activities B and D
3. First Activities C and D, and then Activities A and B
4. First Activities A and D, and then Activities B and C

Q3. Which of the following helps the project team to look at many sources from which project risks may arise in a risk identification exercise?

1. Work Breakdown Structure
2. Risk Breakdown Structure
3. Risk register
4. Issue log

Q4. While staffing a project in another country, the project leader from that country comes to you with a suggested team consisting of members of the project leader’s family. Your FIRST course of action should be to:

1. Inquire if hiring only through family lines is common practice in the project leader’s country.
2. Review the resumes of the individuals to see if they are qualified.
3. Ask the project leader to provide additional names of people unrelated to him/her.
4. Use a different project leader to prevent problems later in the project.

Q5. If earned value (EV) = 35o, actual cost (AC) = 400, planned value ((PV) = 325, what is the cost variance (CV)?

1. 350
2. -75
3. 400
4. -50

Q6. A buyer and seller set the rates for junior engineers, senior engineers, architects, and other predefined roles. In what type of contract would this be applicable?

1. Fixed-price with economic price adjustment contract
2. Fixed-price incentive contract
3. Fixed-price contract
4. Time and material contract

Q7. During risk planning, a team member comes to you and informs you about a risk. This risk was not important; therefore, you tell him to just note down the risk and you will manage this risk if it occurs. What risk response strategy you are using here?

1. Mitigate
2. Accept
3. Avoid
4. Exploit

Q8. You have received a proposal for an RFP that was sent to vendors. One of the vendors has proposed doing the project for $12,500. The cost for the project is $10,000, and their profit will be $2,500. Which type of contract is most suitable if the type of work is predictable and the requirements are well-defined and not likely to change?

1. Cost Plus Fixed Fee
2. Cost Plus Percentage of Cost
3. Fixed price
4. Cost Plus Incentive Fee

Q9. You are a project manager for Groceries ’R’ Us, a supermarket chain, and are currently working on a project to build a new outlet. The planned values (PV) for the foundation and the frame were $150,000 and $500,000. After five months, you do a performance measurement analysis. You are currently not ahead of schedule. The actual costs for the foundation and frame were $175,000 and $650,000. At this point, 100 percent of the foundation is complete, and only 80 percent of the frame is complete. Which value represents the cost performance index (CPI) to two decimal places at this point in the project?

1. 0.84
2. 1.5
3. 0.67
4. 1.19

Q10. The project you are working on has an increase in cost effectiveness, increased productivity, and increased morale. What might be the reason for these changes?

1. Project objectives are in line with those of the performing organization
2. Increased quality
3. Management’s focus on cost containment
4. Rewards presented for individual efforts