Project Management Question Bank
for Exam preparation

Project Management- Q2. Monitoring cost expended to date in order to detect variances from the plan occurs during:

1. The creation of the cost change control system.
2. Recommending corrective actions
3. Updating the cost baseline
4. Project performance reviews

Project Management- Q3. Mary has just assigned Thomas as project manager of an upcoming railway construction project. She hands an approved project charter to Thomas. Once Thomas thoroughly reviews the project charter, what should he do next?

1. Review the charter once again since one thorough review is never enough
2. Kick-start the Develop Project Management Plan process
3. Add the project charter to the organizational lessons-learned archive
4. Distribute the charter to all key project stakeholders and ensure common understanding

Project Management- Q4. Which of the following techniques is the BEST way to determine project objectives?

1. Delphi technique
2. Earned value analysis
3. Expert interviews
4. Pareto 8

Project Management- Q5. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis. The targeted cost is US$200,000 with a fee of US$30,000. If the project comes in at US$170,000, what would be the total cost of the contract?

1. US$ 195,500
2. US$230,000
3. US$ 200,000
4. US$170,000

Project Management- Q6. Which of the following is an output of the Define Activities process?

1. Milestone list
2. Project schedule activity diagrams
3. Resource calendar
4. Activity duration estimates

Project Management- Q7. Your employee is three days late with a report. Five minutes before the meeting where the topic of the report is to be discussed, she hands you the report. You notice some serious errors in it. What should you do?

1. Cancel the meeting and reschedule when the report is fixed.
2. Go to the meeting and tell the other attendees there are errors in the report
3. Force the employee to do the presentation and remain silent as the other attendees find the errors.
4. Cancel the meeting and rewrite the report yourself.

Project Management- Q8. If the optimistic estimate is 1, the pessimistic is 9, and the mostly estimate is 8, what is the PERT estimate?

1. 9
2. 7
3. 8
4. 3

Project Management- Q9. Which of the following BEST describes when a project phase is generally concluded?

1. When the work is done
2. When the deliverables are accepted
3. When the work for the next phase is ready to start
4. When it is scheduled in the milestone schedule

Project Management- Q10. Giving a team member a corner office is different than giving him health benefits because a corner office is a (n):

1. Perquisite.
2. Fringe benefit
3. Use of the expectancy theory
4. Example of formal power.