Project Management Question Bank
for Exam preparation

Q2. Which of the following gives you the cost estimate of your project if you continue to perform with the same cost performance?

1. ETC
2. VAC
3. EAC
4. BAC

Q3. A project manager’s project has just been dropped to a lower priority on the list on his department’s prioritize projects. It would be BEST for the project manager to:

1. Let the customer know that the project schedule will need to slip.
2. Use some of the management reserve to accommodate the change.
3. Start cutting wok packages.
4. Gain more resources.

Q4. Why is the project change log a prime input to the Manage Stakeholder Engagement process?

1. So that the changes and their impact can be communicated to the appropriate stakeholders
2. So that the new identified changes can be appended to the log
3. So that stakeholders can review the log and prioritize the issues
4. So that the Integrated Change Control process is made redundant

Q5. Joe has been managing a project for Exton Oil Corp. This project involves redesigning filling stations across the state. The redesign involves new gas pumps, security cameras, convenience stores, and use of environmentally friendly materials in the construction. While the redesigning work proceeds, Joe’s design engineer suggests a secondary alarm system for gas pumps to alert the attendant in case of a spill. Although this suggestion is not in the project requirements, Joe is impressed with the engineer’s recommendation. What should be the next step for Joe with regard to the engineer’s suggestion?

1. Initiate the formal change control process to find the impact of his recommendation
2. Approve his recommendation and allocate resources and funds
3. Create an issue log to document the engineer‘s suggestion for future use
4. Reject his recommendation as it requires additional funding

Q6. The seller tells you that your activities have resulted in an increase in their costs. You should:

1. Recommend a change to the project costs.
2. Have a meeting with management to find out what to do.
3. Ask the seller for supporting information.
4. Deny any wrongdoing.

Q7. During a team meeting, the team adds a specific area of extra work to the project because they have determined if would benefit the customer. What is wrong in this situation?

1. The team is gold plating
2. These efforts shouldn’t be done in meetings
3. Nothing. This is how to meet or exceed customer expectations.
4. Nothing. The project manager is in control of the situation.

Q8. Calculating estimate to complete (ETC) is done during the:

1. Planning process group
2. Initiating process group
3. Executing process group
4. Monitoring and controlling process group.

Q9. The carpeting subcontractor has, without prior approval, installed carpet that is a slightly different pattern from the pattern select for the project. The difference in cost per square yard saves the buyer approximately US $10,000. Upon learning of the change, the BEST course of action for the project manager is to:

1. Demand that the original carpeting be installed.
2. Meet with the customer to explain what happened and celebrate the $10,000 windfall
3. Document the change in the change control plan.
4. Determine the overall impact on the project.

Q10. The most recent analysis of Microcorp's new fabrication facility renovation project shows a CPI value of less than 1.0. What does this indicate?

1. The cost has overrun estimates.
2. The cost has underrun estimates.
3. The project is running ahead of schedule.
4. The schedule has slipped.