Project Management Question Bank
for Exam preparation

Q2. A RACI chart is an example of a _________________.

1. Network
2. Flowchart
3. Responsibility assignment matrix
4. Hierarchical-type organization chart

Q3. You are just about to present your project’s status to your company’s executive team. Just as you are leaving your desk for the meeting, one of your resources hands you an updated report on the progress of a critical deliverable. As you are walking to the conference room, you review the report and notice there is an error in it. What do you do?

1. Do not report on that part of the project
2. Disclose that you have just discovered there is an error in some of the information you intended to present and only present the information that you know is true
3. Cancel the meeting
4. Present the information as-it-is and revise it in the meeting minutes, which will be sent after two days

Q4. The customer starts to have cash flow problems, because other projects are being completed early. The customer notifies the project manager that there will be limits on when funds will be available for the project. The project CPI is currently 1.02, and the estimate to complete is US $927,000. If the project manager performs funding limit reconciliation, there will also MOST likely be a change to the:

1. Resource assigned.
2. Number of change requests
3. Cost baseline
4. Project schedule 21

Q5. You are estimating the cost for your project by using historical data and applying it to your project, such as the cost of painting per square foot. Which technique are you using here?

1. Bottom up
2. Top down
3. Analogous
4. Parametric

Q6. All technical work is completed on the project. Which of the following remains to be done?

1. Validate Scope
2. Plan Risk Responses
3. Create a staffing management plan
4. Complete lessons learned.

Q7. The plan–do–check–act cycle is defined and modified by Shewhart & Deming. It is a four–step model for carrying out change and improving processes. In these four stages, which stage involves the evaluation of improvement?

1. Do
2. Check
3. Plan
4. Act

Q8. Analysis of the scope performance resulted in a change request to the scope baseline. Change requests can include all the following except:

1. Defect repair
2. Supportive action
3. Corrective action
4. Preventive action

Q9. A contractor is currently constructing a new building for your organization on a cost-plus-incentive contract. You just received the project status report from the contractor’s project manager. According to the report, the project’s CPI is 1.5. You are shocked because you believe the project costs are out of control. Upon investigation, you learn the $1 million advance payment (20 percent of the estimated project cost) given to the contractor at the start of the project was included in the project’s earned value. Further, the cost of the inventory at the project site was excluded from the total actual costs. According to the contract, your company reimburses only the costs for the completed deliverables and not for the supplies in the project’s inventory. In this scenario, the reported project’s CPI is incorrect because:

1. Actual cost is understated.
2. Earned value is overstated, and actual cost is understated.
3. Earned value is overstated.
4. Both the earned value and the actual cost are overstated.

Q10. Ben is the project manager for a mobile application development project. Due to a recent technological development, a significant change in the product design is required. This change would require a 25 percent increase in the project budget. Ben prepares a detailed report and emails it to the project sponsor, and the sponsor acknowledges the receipt of the report. What should Ben do next?

1. Update the cost management plan
2. Update the project budget
3. Update the project schedule
4. Wait for the formal approval of the new budget