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Project Management Question Bank
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Question:

If planned value (PV) is US $29,000, actual cost (AC) is US $32,000, and earned value (EV) is US $30,000, what is the schedule variance (SV)?
  1. 0.938
  2. $1,000
  3. 1.034
  4. ($2,000) 19






Q2. A project manager is working with management to create the project estimate. During the initiating process group, what level of accuracy should the estimate have?

  1. +/- 50 percent
  2. -10 percent to +25 percent
  3. -35 percent to +75 percent
  4. -10 percent to +10 percent
Correct Answer

Q3. “Do the work because I have been put in charge!” is an example of what type of power?

  1. Formal
  2. Penalty
  3. Effective
  4. Expert.
Correct Answer

Q4. During project executing, a project team member informs the project manager that based on her observations, the project cannot meet the quality standards set for it. The project manager meets with all parties concerned to analyze the situation. Which part of the quality management process is the pr manager involved in?

  1. Manage Quality
  2. Quality analysis
  3. Perform Quality Control
  4. Plan Quality
Correct Answer

Q5. Which of the following is a KEY way to improve activity cost estimates?

  1. Use historical data.
  2. Let management create the management reserve and the activity cost estimate.
  3. Base activity estimates on the upper and lower control limits.
  4. Let the project manager create the activity cost estimate.
Correct Answer

Q6. All of the following are outputs of the Monitor and Control Project Work process EXCEPT:

  1. Rejected change requests
  2. Recommend corrective actions
  3. Forecasts
  4. Recommend defect repair
Correct Answer

Q7. What term defines the work needed to deliver a product, service, or result?

  1. Product scope
  2. Scope creep
  3. Scope verification
  4. Project scope
Correct Answer

Q8. Which of the following is not a management skill that a project manager will use to get support from the stakeholders?

  1. Facilitate consensus
  2. Resolving conflicts
  3. Negotiate agreement to satisfy needs
  4. None of the above
Correct Answer

Q9. The requirements elicitation team has generated a large number of ideas during sessions to gather product and project requirements. Which of the following techniques is best suited to sorting these ideas into groups for review and analysis?

  1. Control chart
  2. Venn diagram
  3. Affinity diagram
  4. Brainstorming
Correct Answer

Q10. During a project, a team member tells you that a major risk identified by the team has occurred. However, it is not as serious as previously thought. What is the FIRST thing you should do?

  1. Increase the quality standard
  2. Present this finding to the project team and ask them to verify the team member’s finding
  3. Investigate changing the contingency plan
  4. Notify management
Correct Answer










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