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Project Management Question Bank
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Question:

You are a project manager working on a project that requires 100 items to be tested, spaced evenly over five weeks. You have just begun week three, with an overall budget of US $10,000. To date, you have spent US $2,000 with 40 items tested successfully. What does the cost variance (CV) tell you in this circumstance?
  1. The project is proceeding at 100 percent of the expected rate.
  2. The project is $2,000 under budget
  3. The project is on budget
  4. The project is getting $2 of work for every dollar spent.






Q2. A project manager is assigned to a new project and is supplied with a preselected team. What is the FIRST thing the project manager should find out about the team?

  1. Each team member wants to get out of the project.
  2. What each team member wants to get out of the project.
  3. Each team member’s project archives
  4. Each team member’s role in the project management plan.
Correct Answer

Q3. Halfway through the project, the client considers cancelling the remaining work and the contract. It would be BEST to look at which of the following to determine the purpose for the project?

  1. The project description and need in the project charter
  2. The WBS dictionary to verify that the scope is correct
  3. The risk response plan to evaluate alternatives
  4. The chart of accounts to determine the estimate at completion
Correct Answer

Q4. A resource histogram shows resources by:

  1. Unit of time
  2. Activity.
  3. Area of expertise
  4. Phase.
Correct Answer

Q5. Which of the following methods of forecasting EAC and ETC is the most accurate?

  1. ETC based on CPI
  2. ETC based on BAC
  3. ETC based on CPI and SPI
  4. ETC based on new estimate
Correct Answer

Q6. Who has the cost risk in a fixed price (FP) contract?

  1. The team
  2. The buyer
  3. The seller
  4. Management
Correct Answer

Q7. In the procurement process, the seller may be viewed initially as a bidder, then as the selected source, and then as the contracted supplier. The seller will typically manage the work as a project. In such an instance, which of the following is not true?

  1. The buyer becomes the customer and is then a key project stakeholder for the seller.
  2. Terms and conditions of the contract become key inputs to many of the seller’s management processes (ex: major deliverables, key milestones, cost objectives).
  3. There need not be a contractual relationship between the buyer and the seller.
  4. The seller’s project management team is concerned with all the processes of project management and not just procurement management.
Correct Answer

Q8. In the create WBS process, you sub-divide project deliverables and project work into smaller and more manageable components. The output of this process is the scope baseline and project document update. Which of the following truly represents the scope baseline?

  1. Scope statement, scope management plan, schedule baseline
  2. Scope statement, WBS, WBS dictionary
  3. WBS, WBS dictionary
  4. Scope statement, WBS, schedule baseline
Correct Answer

Q9. Employees who believe their efforts will lead to effective performance and expect to be rewarded for their accomplishments remain productive as rewards meet their expectations. This is called:

  1. A perquisite
  2. A halo effect
  3. Expectancy theory
  4. A motivational theory.
Correct Answer

Q10. Which of the following is an example of rolling wave planning in a project following an adaptive life cycle?

  1. Iterative scheduling with a just-in-time log
  2. Predictive scheduling with no backlog
  3. Inflexible scheduling without leads and lags
  4. Iterative scheduling with a backlog
Correct Answer








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