Project Management Question Bank
for Exam preparation

Q2. Establishing control accounts for the work packages and a unique identifier from a code of accounts finalizes the WBS. This provides a structure for hierarchical summation of:

1. Schedule and requirements information
2. Cost and requirements information
3. Cost and resource information
4. Scope, budget and schedule information

Q3. All of the following result from quality audits EXCEPT:

1. Determination of whether project activities comply with organizational policies
2. Improved processes to increase productivity
3. Creation of quality metrics
4. Confirmation of the implementation of approved change requests

Q4. You are the project manager for a new international project, and your project team includes people from four countries. Most of the team members have not worked on similar projects before, but the project has strong support from senior management. What is the BEST thing to do to ensure that cultural differences do not interfere with the project?

1. Spend a little more time creating the work breakdown structure and making sure it is complete
2. As the project manager, make sure you choose your words carefully whenever you communicate
3. Ask one person at each team meeting to describe something unique about their culture.
4. Carefully encode all the project manager’s communications.

Q5. There is a probability of 0.1 that a given risk will occur in a project. If it occurs, it will result in a loss of US $10,000. The insurance cost for this event is US $700, with a deductible amount of US $250. Should a rational project manager buy this insurance?

1. Yes, since $1,000 > $950.
2. Yes, since $1,000 > $700.
3. No, since the deductible amount changes the expected monetary value of the risk event.
4. No, since $1,250 > $1,000.

Q6. 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

Q7. How would you calculate your EAC if the ETC work is performed at the budgeted rate?

1. EAC = BAC/CPI
2. EAC= BAC-EV
3. EAC = AC + BAC - EV
4. EAC=(BAC-EV)*CPI

Q8. A schedule performance index (SPI) of 0.76 means:

1. You are over budget
2. You are ahead of schedule
3. You are only progressing at 76 percent of the rate originally planned
4. You are only progressing at 24 percent of the rate originally planned

Q9. A project manager is finalizing a project that has had repeated problems with cost conformance. He is concerned about what management will say. Which of the following types of information would be BES for the project manager to use to evaluate performance?

1. The cost performance index (CPI)
2. A list of complaints from senior management
3. The last bar chart
4. The project budget 11

Q10. You work at a software company that authors Material Safety Data Sheets (MSDS) for chemical companies. Prior to releasing the MSDS to the company, you have created a list of items for review to ensure they appear in the document. These items include chemical name, CAS#, protection required, what to do in an emergency, etc. This list is an example of what type of tool?

1. Checklist
2. Process Improvement Plan
3. Quality Management Plan
4. Quality Metrics