Project Management Question Bank
for Exam preparation

Q2. You are the project manager on a project that has a total project float of negative 20. What should you do?

1. Use less experienced team members
2. Request an extension of the project due date
3. Acquire more resources for critical path activities
4. Fast track the project if overall project risk is already too high 38

Q3. Management is sending a team of experts for a risk audit. You inform management that you have already completed the risk review process and did not find any shortcomings, so there is no need for a risk audit. However, management is firm on their decision. Which of the following is true about the risk audit and risk review?

1. A risk audit is performed to see the effectiveness of a risk response plan
2. A risk audit is performed to see if you are following the correct procedures
3. A risk review is performed to see if you are following the correct procedures
4. Both are the same but an audit is done by external experts and a review is done internally

Q4. A project manager has a project team consisting of people in four countries. The project is very important to the company, and the project manager is concerned about its success. The length of the project schedule is acceptable. What type of communication should he use?

1. Informal verbal communication
2. Formal written communication
3. Formal verbal communication
4. Informal written communication

Q5. You have a project with a cost of 10,000 USD, and the duration is 10 months. Five months have passed, 45% of the work is completed and you have spent 5,500 USD. The value of this 45% of the work is known as:

1. Planned value
2. Earned value
3. Actual cost
4. Schedule variance

Q6. You have just been assisted as project manager for a large manufacturing project. This one-year project is about halfway done. It involves five different sellers and 20 members of your company on the project team. You want to quickly review where the project now stands. Which of the following reports would be the MOST helpful in finding such information?

1. Work status
2. Progress
3. Forecast
4. Communications

Q7. You have signed a contract with a contractor which states that you will pay for the entire contractor’s legitimate costs, plus a fee based on the subjective evaluation of his performance; this will not be subject to an appeal. What kind of contract is this?

1. CPIF
2. CPFF
3. FPIF
4. CPAF

Q8. During the completion of the project work, a project manager wants to ensure that the quality of the end product is acceptable. The BEST way to do this is by:

1. Checking quality against the standards set in the quality management plan
2. Identifying the quality standards you want the end product to meet
3. Performing cost-benefit analysis
4. Determining the cause of a problem using a fishbone diagram.

Q9. An estimate at completion (EAC) is an output of which of the following?

1. Control Costs
2. Project performance review
3. Variance management
4. Performance measurement analysis

Q10. After analyzing the status of your project, you determine that the project is two weeks behind schedule. You want to recover the original schedule if possible, and there is plenty of remaining in the budget for the current plan. What is the BEST option?

1. Crash the schedule
2. Inform the team that overtime will be required for a short time to recover the schedule
3. Reduce the project scope with a change request
4. Compress the testing and quality management portion of the project 54