Project Management Question Bank
for Exam preparation

Q2. As part of the procurement process, the procuring organization elected to have an estimate of costs prepared by an outside professional estimator. The estimator came up with an estimate of $500,000. However, the cost estimates prepared by prospective sellers were in the range of $200,000. How can this be best interpreted?

1. The procurement statement of work was deficient and ambiguous.
2. The professional estimator has inflated the estimate of costs.
3. The prospective sellers do not have the required skills to do the project.
4. Prospective sellers are trying to underbid and win the project.

Q3. A control chart helps the project manager to:

1. Focus on the most critical issues to improve quality.
2. Focus on stimulating thinking.
3. Explore a desired future outcome.
4. Determine if a process is functioning within set limits.

Q4. The BEST description of costs that change with the amount of production is:

1. Variable costs
2. Fixed costs
3. Direct costs
4. Sunk costs 24

Q5. All of the following are tools of Perform Quality Control EXCEPT:

1. Cost of quality
2. Inspection
3. Control charts
4. Flowcharting

Q6. Which of the Project Schedule Management processes involves identifying and documenting dependencies among schedule activities?

1. Sequence Activities
2. Define Activities
3. Develop Schedule
4. Control Schedule

Q7. All of the following MUST be present to have a contract EXCEPT:

1. Procurement statement of work.
2. Acceptance.
3. Address of the seller
4. Buyer’s signatures.

Q8. A project change management plan should be created during which process group?

1. Initiating
2. Planning
3. Executing
4. Closing

Q9. Which of the following aspects of planning is concerned with decomposing the work of a project into manageable chunks?

1. Scope
2. Schedule
3. Cost
4. Quality 6

Q10. You are in the process of defining policies, procedures, and guidance to help you manage the project costs. In which process you are working?

1. Determine budget
2. Develop schedule
3. Control costs
4. Plan cost management