Project Management Question Bank
for Exam preparation

Q2. The six-month project has 300 work packages and a US $600,000 budget. Three months into the project 150 work packages are complete and US $300,000 has been spent. Which of the following is CORRECT?

1. The project is on time and on budget
2. The project manager should reevaluate cost performance but not worry about time.
3. The project needs 50 more work packages to be completed to be on time.
4. There is not enough information

Q3. Where would you find a detailed list and description of specific project assumptions associated with the project?

1. Project charter
2. Project scope statement
3. Project configuration document
4. Change management plan

Q4. Which of the following quality control tools and techniques may not be used for root cause analysis?

1. Fishbone diagram
2. Scatter diagram
3. Ishikawa diagram
4. Cause-and-effect diagram

Q5. You are developing a quality management plan for your project. During the planning process, one of your team members tells you that, in the past, the organization has completed a similar project. You start to review the old project and find that some of its quality metrics can be used in your project as well. This technique is known as:

1. Reviewing organization process assets
2. Benchmarking
3. Process analysis
4. Prototyping

Q6. Laurence is the PMO manager at ANZ Company. The CEO of the company asked Laurence to review the business requirements and develop the current year’s capital management plan. The capital management plan will outline the key business deliverables (capital projects) and will go to the board for final approval. Which of the following organizational artifacts should Laurence review to analyze the business requirements for the current fiscal year?

1. Lessons Learned
2. Capital budget for the current year
3. Organizational Process Assets
4. Organizational Strategy

Q7. A project team budgeted US $3,000 for the work performed and has spent US $4,000, to date. If they budgeted US $5,000 for the work scheduled, what is the cost variance (CV)?

1. ($1,000)
2. $2,000
3. $1,000
4. ($2,000)

Q8. You are reviewing the responses to an RFP your company issued. You realize that a key requirement was not included in the RFP. However, one of the bidders included that requirement in the response. What is the best course of action?

1. Award the contract to that bidder
2. Revise and reissue the RFP
3. Select the bid that included the requirement
4. Cancel the RFP

Q9. Lucy is currently preparing a high-level cost estimate for her project in the initiation phase. With the limited detail available to her, what would you expect the range of her estimate to be, and what would you call such an estimate?

1. -25 to +25%, Absolute Cost
2. -5 to +10%, Narrow
3. -1 to +1%, Definitive
4. -25 to +75%, Rough Order of Magnitude

Q10. Two team members come to you with a dispute regarding their roles and responsibilities. To resolve the dispute, which document will you refer to?

1. Resource histogram
2. RAM matrix
3. Scatter diagram
4. Stakeholder register