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Project Management Question Bank
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Question:

Fast tracking the project usually:
  1. Decreases project duration
  2. Decreases project costs
  3. Decreases the amount of management oversight needed
  4. Decreases the number of resources used






Q2. As part of Define Activities, you are looking at dependencies used to define the sequence among the activities. Which of these is not a valid type of dependency?

  1. Linked dependency
  2. External dependency
  3. Discretionary dependency
  4. Mandatory dependency
Correct Answer

Q3. Which of the following is NOT part of the Define Scope process?

  1. Facilitated workshops
  2. Identifying alternatives
  3. Product analysis
  4. Inspection 11
Correct Answer

Q4. Two people on the same project team have just found out that they are working on the same work. This situation can be BEST characterized as a lack of:

  1. A good work breakdown structure.
  2. A matrix organization
  3. Sponsor direction
  4. Effective status meetings.
Correct Answer

Q5. You have been given a task to find cost estimates for several projects, and your organization will submit its bid based on these estimates. The financial position of the organization is not very good; therefore, they tell you that they cannot invest more than 500,000 USD. They also give you a leeway of 10% on either side of it. This leeway is a part of:

  1. Organizational process assets
  2. Enterprise environmental factors
  3. Threats
  4. Opportunities
Correct Answer

Q6. You have been asked to create a graphic display of schedule-related information, listing schedule activities on the left side of the chart, dates on the top, and activity durations as date-placed horizontal bars on the right side. What is such a chart called?

  1. PERT chart
  2. Gantt chart
  3. Hunt chart
  4. GERT chart
Correct Answer

Q7. What would be the BEST explanation for the following: Both the cost variance and schedule variance are negative, but the cost variance is lower than the schedule variance.

  1. The project underspent because all work was not completed, but overspent for work that was done.
  2. The project overspent due to increased costs and yet completed some activities faster.
  3. The project activities took longer than expected, but costs were lower.
  4. The project underspent, because costs were lower than planned and activities were easier to complete than planned.
Correct Answer

Q8. A parking lot fencing project was bid at US $11 per foot, and one company is doing all the work. The parking lot has four equal sides of 125 feet and requires the installation of a six-foot diameter culvert on one side. Fencing should be installed at a rate of 100 feet per day. The culvert installation will cost US $500 and take one day to complete. The culvert must be installed before work can begin on that side of the fence. After three days of work, one side is complete, another project has 75 feet installed, and the culvert is completely installed. What is the current status of the project?

  1. The budget is neutral with a cost variance of $0
  2. It is over budget, with a cost variance of -$1,100.
  3. It is under budget, with a cost variance of +$500 due to the completion of the culvert installation
  4. It is over budget with a cost variance of +$125.
Correct Answer

Q9. An activity has been delayed and the project manager needs to deal with the situation. What is the NEXT thing she should do?

  1. Determine how much of a problem it is.
  2. Report to management
  3. Crash or fast track
  4. Use contingency reserves
Correct Answer

Q10. Your boss has asked you for a cost baseline for the project, but it is early in the project management process and there is very little project information. In this circumstance, what is the BEST way to estimate this project?

  1. Extrapolate from historical data
  2. Ask the team for estimates of each activity
  3. Provide a rough order of magnitude estimate
  4. Calculate an estimate using the schedule model
Correct Answer










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