Project Management Question Bank
for Exam preparation

Q2. You are managing a large project with many contractors working on it. A stakeholder comes to you and informs you that he never received the status report from one of your contractors. What will your next step be?

1. Stop the payment and ask for clarification
2. Call the contractor
3. Review the communications management plan
4. Inform management

Q3. You have a choice of four ongoing projects that you can take over as project manager. Project 1 has a benefit cost ratio (BCR) of 1.4, is a high priority project and has a critical path length of 16 months. Its cost performance index (CPI) is 1.2. Project 2 has a schedule performance index (SPI) of 1.1, is using three critical resources, has a low priority, and has a BCR of 1.1. Project 3 has a CPI of 1.2, an SPI of 0.89, a BCR of 1.6, and a critical path length of 19 months. Project 4 has a CPI of 0.82, an activity with 33 days of float, a hard-to-get resource assigned to activity L, and a priority of keeping cost low. Based on the above, which project would you prefer to take over?

1. Project 1
2. Project 2
3. Project 3
4. Project 4

Q4. A project’s financial management reserves are determined in which process:

1. Estimate Costs
2. Determine Budget
3. Control Costs
4. Estimate Activity Resources

Q5. All of the following are true statements about parametric estimating EXCEPT:

1. The model is scalable.
2. Estimates are based on input from the team
3. The parameters used in the model are readily quantifiable.
4. Historical information is used in the model 63

Q6. The enterprise environmental factors play an important role during the development of the project stakeholder engagement plan. The following list gives the most significant enterprise environmental factors considered during the Plan Stakeholder Engagement process except one. Which one is it?

1. Organizational culture
2. Organizational communication requirements
3. Organizational structure
4. Political climate

Q7. A project has three critical paths. Which of the following BEST describes how this affects the project?

1. It makes it easier to manage
2. It increases the project risk
3. It requires more people
4. It makes it more expensive 51

Q8. You have a project with the following activities: Activity A takes 40 hours and cant start after the project starts. Activity B takes 25 hours and should happen after the project starts. Activity C must happen after activity A and takes 35 hours. Activity D must happen after activities B and C and takes 30 hours. Activity E must take place after activity C and takes 10 hours. Activity F takes place after activity E and takes 22 hours. Activity F and D are the last activities of the project. Which of the following is true if activity B actually takes 37 hours?

1. The critical path is 67 hours
2. The critical path changes to Start, B, D, End
3. The critical path is Start, A,C, E, F, End
4. Critical path increases by 12 hours 67

Q9. You have recently joined an organization as the procurements manager. You have just received an invoice from a contractor. Some of the items from the invoice are as follows: EV of work completed to date: $50,000. AC of work completed to date: $40,000. Total costs reimbursed by the buyer to date: $35,000. If the contract between the buyer and the contractor is a CPIF contract, what is the total value payable to this contractor? (Assume that the contract allows for a 10 percent fee over net payable whenever CPI > 1).

1. $500
2. $5,500
3. $44,000
4. $55,000

Q10. A project manager is unsure of how much cost reserve to add to the project. There is a 50 percent chance of a weather delay causing an impact of US $100,000 and a 30 percent chance of a delay in the testing center with a US $20,000 impact. How much should the cost reserve be?

1. Less than $50,000
2. More than $120,000
3. Less than $20,000
4. More than $56,000