Project Management Question Bank
for Exam preparation

Q2. Establishing control accounts for the work packages and a unique identifier from a code of accounts finalizes the WBS. This provides a structure for hierarchical summation of:

1. Schedule and requirements information
2. Cost and requirements information
3. Cost and resource information
4. Scope, budget and schedule information

Q3. Your company is purchasing the services of a consultant. You own stock in one of the consulting companies interested in the work. What should you do?

1. Work hard to get the consulting company selected for the project.
2. Tell your manager and remove yourself from the selection committee.
3. Tell the people from the consulting company that you hope they get the work.
4. Keep the information to yourself.

Q4. Nancy has recently become the project manager for a project already in execution. Nancy has learned the previous project manager did a good job so far and religiously followed the PMBOK guiding principles. However, some of the project communications don’t make sense to her. Which of the project artifacts should Nancy refer to in order to determine reasons for distribution of some reports?

1. Stakeholder engagement plan and the scope management plan
2. Stakeholder engagement plan and the communications management plan
3. Scope management plan and the communications management plan
4. Scope management plan and the risk management plan

Q5. If you are working on a project where there is no definite detailed scope, but there are similar projects in the past, what is the correct Estimate Activity Durations tool to use?

1. Analogous Estimating
2. Parametric Estimating
3. Critical Path Estimation
4. Three Point Estimating

Q6. You are managing a project with a budget of 500,000 USD, and 250,000 USD has been spent. Upon review, you observe that only 40% of the work has been completed. Your schedule says that you should have completed 50% of the work. What is estimate at completion (EAC)?

1. 625,000 USD
2. 500,000 USD
3. 400,000 USD
4. 375,000 USD

Q7. Which of the following is not an input to the Conduct Procurements process?

1. Proposal evaluation techniques
2. Seller proposals
3. Cost baseline
4. Procurement management plan

Q8. A project team member has been having a big disagreement with another team member for over two months when the other team members become involved. The issues are complex, but you have specific experience in the area and know what needs to be done. The BEST choice would be to:

1. Make the decision yourself
2. Strive for fair resolution of the issue
3. Ask the other team members to stay out of the issue
4. Bring the team together and work out the issue to a win-win solution.

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. The term ________ indicates the degree to which a particular product or service meets requirements, while _____________ indicates a category or rank used to distinguish that item from other similar items.

1. Quality, grade
2. Grade, standard
3. Grade, quality
4. Quality, standard