Project Management Question Bank
for Exam preparation

Q2. If planned value (PV) is US $29,000, actual cost (AC) is US $32,000, and earned value (EV) is US $30,000, what is the schedule variance (SV)?

1. 0.938
2. $1,000
3. 1.034
4. ($2,000) 19

Q3. Project A has had ineffective project meetings since its inception. There have been complaints that information does not get to the right people, some people are talking too much during meetings, and the right people are not there to resolve the issues. What is MOST likely missing from this project?

1. A scope management plan
2. A staffing management plan
3. A communications management plan
4. A process improvement plan

Q4. Which term best describes the Identify Risks process?

1. Finite
2. Redundant
3. Iterative
4. Inconsequential

Q5. Which of the following is the MOST beneficial result of the project manager knowing the critical path?

1. She would know where the extra resources should be placed
2. She would know what activities she needs to focus on while managing the project.
3. She would know where stakeholders need to be assigned to the project.
4. She would know where there is float on the project

Q6. Your project will go through many phases to produce a high-priced product that will be sold to the public. You are currently starting the design phase. The price will include the product and scheduled maintenance. The team includes representatives from the engineering department, who will help determine the design of the project, the marketing department, who will determine the shape of the container for the product of the project and the accounting department who will help make sure the cost of the project allow ample profit margin. The project charter has been completed and signed by sponsors from all these departments. The product scope was completed in an earlier project that was two months delayed due to arguing over the scope. The team is now functioning well and past team building efforts have produced an effective team for this new project. Which of the following is the BEST thing to include that has not been included in planning?

1. The team working on the project does not include anyone from senior management and will thus not have enough support to be completed quickly and effectively.
2. There needs to be a representative from the quality department to ensure that the project will satisfy the needs for which it is undertaken.
3. The project is not taking into account how the project work will affect future phases and thus future phases may cost more.
4. Team building efforts should still be done in the future to ensure an effective team.

Q7. Tim is the project manager for a shopping mall construction project which is in its fourth month of execution. According to the project contract, Tim can only issue project invoices when the project is 25%, 50%, 75% and 100% complete in terms of the approved project schedule. Recently the 25% milestone has been reached and Tim is ready to issue his first invoice. According to the contract, the project must be completed in 12 months. What is the project’s SPI?

1. 0.25
2. 0.75
3. 0.33
4. 1.33

Q8. Lucy is managing a high-tech software development project. She has luckily acquired the organization’s best performing employees. However, the project team is not communicating effectively, causing delays. The project communications plan is in place, but it seems as if the employees are not following it. The communications plan lays out the communications requirements but does not explicitly assign responsibilities. What should Lucy do first? (Assume that all the following actions need to be taken at some stage.)

1. Persuade the team to follow the plan
2. Motivate the team to effectively communicate
3. Set and manage expectations
4. Resolve conflicts to prevent disruptive behavior

Q9. A project manager has managed four projects for the company and is being considered to join the project management office team. The following is discovered during the evaluation of his performance. The project manager’s first project had an ending cost variance of -500, used two critical resources, needed to rework the project charter during project executing and was ranked 14th in priority within the company. The second project finished with a schedule variance of +100, was completed with a vastly compressed schedule and received a letter of recommendation from the sponsor, but the product of the project was not used. The third project had 23 percent more changes than expected, had an SPI of 0.90, and 25 open items in the issue log when the project was completed. Each of these projects had a cost budget of US $1,000 and 20 to 28 percent more changes than others of its size. The project management office decided not to add this project manager to the team. Which of the following BEST describes why this might have happened?

1. The project manager has only managed low-priority projects and he had to compress the schedule, showing that he does not have the skill to work in the project management office.
2. Issue logs should not be used on projects of this size, showing that the project manager does not have the knowledge to work in a project management office
3. The project manager did not effectively involve the stakeholders, showing that he does not have the knowledge to work in the project management office
4. The project manager had two critical resources on their team and still needed to rework the project charter, showing that he does not have the discipline to work in the project management office.

Q10. Which of the following is accurate regarding agreements in Project Procurement Management?

1. Agreements can never be terminated.
2. Terms and conditions never include the seller’s proposal.
3. Agreements are informal documents.
4. Agreements are legal documents between a buyer and a seller.