Project Management Question Bank
for Exam preparation

Q2. A rough order of magnitude estimate is made during which project management process group?

1. Planning
2. Closing
3. Executing
4. Initiating

Q3. Diana is managing the development of a mobile phone application. Half the project work has been completed. Diana is currently reviewing her stakeholder engagement plan. She finds that some of the resisting stakeholders have now become supportive. How should Diana update her stakeholder engagement plan?

1. Do not update the stakeholder engagement plan at this stage since things are getting better.
2. Transfer these stakeholders to the project supporters group, and for these stakeholders, adopt the stakeholder engagement strategy defined for the project supporters.
3. For these stakeholders, continue with the defined resisting stakeholder engagement strategy since this strategy has produced positive results so far.
4. Transfer these stakeholders to the project supporters group but continue with the defined resisting stakeholder engagement strategy with these stakeholders.

Q4. A project is contracted on a Cost-Plus-Incentive-Fee (CPIF) basis. The contract states that if the final costs are less than expected costs, the sharing formula for cost savings is 80:20. The targeted cost is US$500,000 with a 10 percent fee. If the project comes in at US$450,000, what would be the total cost of the contract?

1. US$495,000
2. US$510,000
3. US$505,000
4. US$550,000

Q5. You have just returned from the weekly change control board meeting at which you presented the requested changes to the employee move project. You had five change requests approved and one request rejected. These are outputs of what process?

1. Control Quality
2. Control Scope
3. Monitor Risks
4. Perform Integrated Change Control

Q6. The BEST description of costs that change with the amount of production is:

1. Variable costs
2. Fixed costs
3. Direct costs
4. Sunk costs 24

Q7. You are working for an international construction company. Your project involves pulling together over 13 different subprojects. You are having difficulty in ensuring three subcontractors are doing their work correctly. As you review the project results you notice you have spent US $1,200,000 at the last reporting point. You know the schedule is not too bad, since your schedule performance index (SPI) is 1.1. Considering you feel you should have spent US $1,300,000 to this point, what is the cost performance index (CPI), and the schedule and cost variances?

1. 1.19, $130,000, and $$230,000
2. 1.1, ($230,000), and $130,000
3. 1.19, $230,000, and ($230,000)
4. 1.46, $130,000, and ($130,000)

Q8. Which of the following represents the estimated value of the work actually accomplished?

1. Earned value (EV)
2. Planned value (PV)
3. Actual cost (AC)
4. Cost variance (CV)

Q9. Testing the entire population:

1. Take too long.
2. Provide more information than wanted.
3. Be mutually exclusive.
4. Show many defects.

Q10. In order to provide one of your team members with a reward for excellent performance, you are going to allow him to acquire the new skill in which he is interested. Assuming that any activity shown in the chart would provide the team member with the benefit, which activity would you assign him to?

1. Activity D
2. Activity E
3. Activity F
4. Activity B