Project Management Question Bank
for Exam preparation

Q2. Which of the following statements correctly define the 100 percent rule for WBS?

1. The project is only considered complete once all requirements defined in the original scope statements have been completed.
2. The project is only considered complete once all requirements in the last approved scope baseline have been completed.
3. The final deliverables should fully conform to product requirements; nothing less, nothing more.
4. The total of the work at the work package level should roll up to the higher levels so that nothing is left out and no extra work is performed.

Q3. A cost performance index of 0.89 means:

1. At this time, we expect the total project to cost 89 percent more than planned
2. When the project is completed, we will have spent 89 percent more than planned
3. The project is only progressing at 89 percent of that planned.
4. The project is only getting 89 cents out of every dollar invested.

Q4. People associated with the organization in which you are working with have been complaining about the lack of information regarding upcoming changes and want to get information now. Some of them feel what they have heard about your project means they will lose their job or be forced to find a different position with the company. Luckily for you, the SPI is at 1.08 and the CPI is at .99, so you feel confident of success. What is the BEST way to deal with this situation?

1. Update the organizational process assets and reassess the risks of this type of situation occurring again.
2. Use face-to-face meetings to gather further information about the issues and use the issue log to tract the issues to completion.
3. Use smoothing to let the people know they are not in act going to lose their jobs, and fight for better feedback in the future.
4. Have the people submit a change request so their concerns may be addressed and have the change control board review the change for merit.

Q5. Costs incurred in one area of a project can offset costs in another area of the same project. However, it is not enough to consider only the costs of project execution when making project decisions. What other costs external to the project must also be considered?

1. Costs of conformance
2. Planning costs
3. Operating costs
4. Initiating costs

Q6. Which of the following are ALWAYS inputs to the risk management process EXCEPT:

1. Historical information.
2. Lessons learned.
3. Work breakdown structure.
4. Project status reports.

Q7. A project manager has just been assigned to a new project and has been given the approved project charter. The FIRST thing the project manager must do is:

1. Create a project scope statement
2. Confirm that all the stakeholders have had input to the scope
3. Analyze project risk
4. Begin work on a project management plan

Q8. All of the following are outputs of the Estimate Costs process EXCEPT:

1. An understanding of the cost risk in the work that has been estimated.
2. The prevention of inappropriate changes from being included in the cost baseline.
3. An indication of the range of possible costs for the project
4. Documentation of any assumptions made during the Estimate Costs process.

Q9. 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

Q10. Payment for any decision made or encouraged by a foreign official with respect to whether a company will be awarded business is BEST described as:

1. A common practice
2. A sunk cost
3. A bribe
4. A progress fee