Project Management Question Bank
for Exam preparation

Q2. Your project is ahead of schedule but over budget. Therefore, you ask your team member to collect data and compare it with the cost baseline. Which of the following is not included in the cost baseline?

1. Contingency reserve
2. Activity cost estimation
3. Management reserve
4. Activity contingency reserve

Q3. A team member from research and development tells you that her work is too creative to provide you with a fixed single estimate for the activity. You both decide to use the average labour hours per installation from past projects to predict the future. This is an example of which of the following?

1. Parametric estimating
2. Three-point estimating
3. Analogous estimating
4. Monte Carlo analysis 48

Q4. During project executing a project team member informs the project manager that based on her observations; the project cannot meet the quality standards set for it. The project manager meets with all parties concerned to analyze the situation. Which part of the quality management process is the project manager involved in?

1. Manage Quality
2. Quality analysis
3. Perform Quality Control
4. Plan Quality

Q5. A project manager was involved in preparation of the project charter for an external project. One of the inputs to the project charter was a statement of work (SOW). The SOW may have been received from the customer as part of any of the following except:

1. As part of a request for information
2. As part of the business case
3. As part of a request for proposal
4. As part of a contract

Q6. Ben is the project manager for a mobile application development project. Due to a recent technological development, a significant change in the product design is required. This change would require a 25 percent increase in the project budget. Ben prepares a detailed report and emails it to the project sponsor, and the sponsor acknowledges the receipt of the report. What should Ben do next?

1. Update the cost management plan
2. Update the project budget
3. Update the project schedule
4. Wait for the formal approval of the new budget

Q7. Which of the following is an output of the collect requirements process?

1. Scope management plan
2. Requirements management plan
3. Requirements risk breakdown
4. Requirements traceability matrix 7

Q8. You are managing the project when you discover an estimated completion date will occur after the desired date. What should you do FIRST?

1. Add resources to the project.
2. Evaluate the possibility of doing more activities in parallel.
3. Negotiate for more time
4. Explain to the customer that the project cannot be done on schedule.

Q9. Due to improper cost planning, your cost performance is not as planned and you are over budget. Therefore, you again estimate the cost of the project and find that you will require more money to complete the project. This will require an update of the cost baseline. What will you do?

1. Update the cost baseline
2. Raise the change request to update the cost baseline
3. Update the cost baseline and inform management
4. None of the above

Q10. Based on the chart that shows activities on the critical path, which activity(s) would you crash to save exactly four weeks?

1. Activity F
2. Activities A and E
3. Activities C and E
4. Activities A and C