Project Management Question Bank
for Exam preparation

Q2. You are a senior project manager working for RETAMART, a retail shopping network that sells various consumer products. As part of the expansion plan approved by the board of directors, you are a project manager for a new plant. Due to transportation problems, the project has experienced delays; the Schedule Performance Index (SPI) is at 0.6 and the Cost Performance Index (CPI) is at 0.7. However, you expect some improvements over the next few weeks, which may increase the SPI to 1.1 and the CPI to 0.9. Which of the following statements is true if your anticipated changes materialize?

1. The project is overspent and behind schedule
2. The project is overspent but ahead of schedule
3. The project is on schedule and under budget
4. The project is under budget but behind schedule

Q3. Effective project integration usually requires emphasis on:

1. The personal careers o the team members
2. Timely updates to the project management plan
3. Effective communications at key interface points
4. Product control

Q4. Two team members are having a big disagreement about how to accomplish an activity. The project is low risk and is taking place in a strong matrix environment with 34 team members. To resolve this dispute, the project manager should:

1. Make the decision
2. Send the team members to their managers for advice on resolving the dispute
3. Ask for a benchmark analysis
4. Have the team member’s compromise.

Q5. You are the project manager for Wicked Fast Cars Corp. You are working on a project for the Human Resources department that is scheduled to take one year. After three months into the project, you calculate the EV at $35,000 and the PV at $45,000. Which option below represents the value for the SV?

1. ($10,000)
2. 1.29
3. 0.78
4. $10,000

Q6. Based on historical data, the amount of overtime associated with the design effort of a project is estimated at 100 hours with 0.4 probability, 200 hours with 0.4 probability, and 300 hours with 0.2 probability. What is the expected monetary value of the amount of overtime?

1. 100 hours
2. 160 hours
3. 180 hours
4. 260 hours.

Q7. If a project manager wants to examine the project results over time to see if performance is improving, she would use a:

1. Trend report.
2. Forecasting report.
3. Status report.
4. Variance report.

Q8. A project manager has been instructed to use the project charter to help identify risks on the project. This does not make sense to him. If you were asked to explain the reason the project charter is used in this way, what is the BEST explanation?

1. The project charter describes the business needs of the project
2. Reviewing what is said and not said in the project charter will help determine risks.
3. The project charter is issued by the sponsor
4. Reviewing the project charter will help determine a description of the product of the project.

Q9. Which of the following would be the MOST appropriate thing to do during the executing process group?

1. Forecast when the next milestone will be completed.
2. Recommend updates to the project management plan.
3. Recalculate how long the project will take.
4. Determine if project controls need to be updated.

Q10. What does “resource leveling” mean in project management?

1. Shortening the time it takes to complete the project
2. Making the most efficient use of the available resources
3. Hiring contractors to fill in during “peak” times on the project schedule
4. Reducing the project costs