Project Management Question Bank
for Exam preparation

Q2. If earned value (EV) is US $300,000, actual cost (AC) is US $350,000, and planned value (PV) is US $375,000, what does the schedule performance index (SPI) indicate?

1. You are only progressing at 86 percent of the rate originally planned.
2. You are progressing at 125 percent of the rate originally planned.
3. You are progressing at 116 percent of the rate originally planned.
4. You are only progressing at 80 percent of the rate originally planned.

Q3. Which of the following represents the value of work we have actually completed?

1. Earned value
2. Planned value
3. Actual cost
4. Estimate to complete 23

Q4. During the executing process group of the project, a team member identifies a new risk. What should occur in light of this identification?

1. Include it in the risk triggers
2. Test its assumptions
3. Add it to the risk management plan
4. Assess this risk.

Q5. Many project managers have seen a graph that shows “Influence of Stakeholders” starting out high and declining as the project progresses. In contrast, it also shows the “Cost of Changes” starting out low and increasing as the project progresses. What is the key insight a project manager should gain from this graph?

1. Stakeholder influence is not important at the end of the project.
2. Make changes as early in the project as possible.
3. Set aside money for expected changes at the end of the project.
4. Place the project on hold until all changes are made.

Q6. You are managing a project with a budget of 500,000 USD, and 250,000 USD has been spent. Upon review, you observe that only 40% of the work has been completed. Your schedule says that you should have completed 50% of the work. What is the schedule performance index (SPI)?

1. 1.25
2. 0.8
3. 1
4. 1.5

Q7. Project managers need to be aware of Student Syndrome. What does that mean?

1. People go through a learning curve whenever they are engaged in a project.
2. People who consider themselves students of project management tend to apply PMBOK principles better.
3. People start to apply themselves only at the last possible moment before the deadline.
4. People who undertake studies during their professional careers tend to be better project managers.

Q8. The project manager is involved in the Develop Schedule process for the project. He has analyzed the project, compressed the schedule and completed a Monte Carlo analysis. Which of the following is an output of Develop Schedule?

1. Activity duration estimates
2. Change requests
3. Resource requirement updates
4. Work breakdown structure

Q9. An organization’s value chain can be represented by a special type of flowchart called SIPOC. SIPOC stands for:

1. Superior service, inferior service, peak hour service, optimized service, and client service
2. Simple, intellectual, procedural, optimal coding
3. Sample, information, practice, organization, and control
4. Suppliers, inputs, process, outputs, and customers

Q10. The sponsor and the project manager are discussing what type of contract the project manager plans to use on the project. The buyer points out that the performing organization spent a lot of money hiring a design team to come up with the design. The project manager is concerned that the risk for the buyer be as small as possible. An advantage of a fixed price contract for the buyer is:

1. Cost risk is lower
2. Cost risk is higher
3. There is little risk
4. Risk is shared by all parties.