Project Management Question Bank
for Exam preparation

Q2. Two efficiency indicators that reflect the cost and schedule performance of a project are:

1. Cost Projection Index (CPI) and Schedule Projection Index (SPI)
2. Cost Performance Index (CPI) and Schedule Performance Index (SPI)
3. Actual Cost (AC) and Planned Value (PV)
4. Cost Pricing Index (CPI) and Schedule Performance Index (SPI)

Q3. A project has experienced significant delays due to equipment problems, staff attrition, and slow client reviews. The project is 40 percent complete and has used 60 percent of the available calendar time. What is the FIRST thing you should do?

1. Rebaseline the schedule to reflect the new date
2. Analyze the critical path activities for potential to fast track or crash the schedule
3. Document the lack of progress and associated issues to management
4. Identify activities that required more time than planned 49

Q4. You have recently become the project manager for a construction project. You are a new hire in your company and are unaware of the organizational project management standards. Which of the following can help you get a head start on your project?

1. Communicate with other project managers in your organization
2. Review the PMBOK guide thoroughly
3. Develop the project charter and get it approved
4. Consult the lessons learned from your previous similar projects

Q5. You have made John responsible for painting a certain portion of the building you are constructing. John completes the painting and submits his bills to you. You review his invoices, pay him and close the contract. What process is this?

1. Close project
2. Conduct procurement
3. Close procurement
4. Control procurement

Q6. You are in charge of constructing the Ferris wheel in each town a carnival visits. However, this is something you have never done before, and you are getting different opinions from others on how long it takes. Joe is new and has given you what you believe to be an optimistic estimate of three hours; Bill says it will take 10 hours, which seems too long to you and quite pessimistic. Last, Margie, who is the most experienced at this task, is telling you it will take eight hours. You are not sure whom to believe, so you decide to do three-point estimation (based on beta distribution). Based on this, how many hours will it take you to assemble the Ferris wheel?

1. 7.5 hours
2. 8 hours
3. 21 hours
4. 7 hours

Q7. You have floated a firm fixed price contract for some work. Since the scope of the work is not clear, the risk is higher and contractors are hesitant to bid for your contract. You are very busy and don't have time to monitor the contractor’s bill. In this case, what kind of contract will you select?

1. CPIF
2. CPAF
3. T&M
4. FPIF

Q8. Which of the following is a hierarchical representation of project risks?

1. Risk Register
2. Risk Mitigation
3. Risk Categories
4. Risk Breakdown Structure

Q9. Estimating the type and quantities of material, people, equipment, and supplies required to perform each activity is:

1. Estimate Activity Workload
2. Estimate Activity Input
3. Resource calendars
4. Estimate Activity Resources

Q10. A scope change has been suggested by one o the stakeholders on the project. After careful consideration and a lot of arguing, the change control board has decided to reject the change. What should the project manager do?

1. Support the stakeholder by asking the board for the reason for the rejection.
2. Suggest to the stakeholder that the next change they request will be approved.
3. Record the change request and its result.
4. Advise the change control board to make sure they create approval processes before the next change is proposed.