Project Management Question Bank
for Exam preparation

Q2. You are taken to lunch by one of your sellers who has become a friend. He gives you an opportunity to participate in a new venture in association with his company, unrelated to your current employment. What should you do?

1. Refuse to participate
2. Participate
3. Participate but advise your employer of the offer
4. Request your employer’s consent for your participation.

Q3. A schedule performance index (SPI) of 0.76 means:

1. You are over budget
2. You are ahead of schedule
3. You are only progressing at 76 percent of the rate originally planned
4. You are only progressing at 24 percent of the rate originally planned

Q4. A project team is creating a project management plan when management asks them to identify project risks and provide some form of qualitative output as soon as possible. What should the project team provide?

1. Prioritized list of project risks
2. Risk triggers
3. Contingency reserves
4. Probability of achieving the time and cost objectives.

Q5. You have a project with four activities as follows: Activity 1 can start immediately and has an estimated duration of one. Activity 2 can start after activity 1 is completed and has an estimated duration of four. Activity 3 can start after activity 2 is completed and has an estimated duration of five. Activity 4 can start after activity 1 is completed and must be completed when activity 3 is completed. The estimate for activity 4 is 10. What is the SHORTEST amount of time in which the project can be completed?

1. 10
2. 9
3. 18
4. 11

Q6. A project manager is estimating project costs and needs to decide whether the estimates will include direct costs only or include indirect costs, as well. In which of the following phases does this decision need to take place?

1. Define Scope
2. Estimate Costs
3. Plan Expenses
4. Determine Budget

Q7. Ben is the project manager for a mobile application development project. Due to a recent technological development, a significant change in the product design is required. This change would require a 25 percent increase in the project budget. Ben prepares a detailed report and emails it to the project sponsor, and the sponsor acknowledges the receipt of the report. What should Ben do next?

1. Update the cost management plan
2. Update the project budget
3. Update the project schedule
4. Wait for the formal approval of the new budget

Q8. 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.

Q9. All of the following are examples of Perform Quality Control EXCEPT:

1. Inspection
2. Cost of quality
3. Pareto chart
4. Fishbone diagram

Q10. You have recently taken over a project as the project manager. The project is midway through execution, and most of the project work has been subcontracted. You have just found out that one of the subcontractors, who was responsible for all demolitions, has been paid 50 percent of the subcontracted value, but he has delivered only 25 percent of the required works. Upon investigation, you learned that all the payments are in line with the signed contract between the two parties and the subcontractor’s work is compliant with the contract specifications. You are annoyed because this does not give you enough control over the subcontracted works. Which of the following is not an appropriate thing to do at this stage?

1. Document the story as a lesson learned
2. Continue with the arrangement
3. Discuss your concerns with appropriate stakeholders so that this mistake is not repeated
4. Terminate the contract unless there is a violation of the contract