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Project Management Question Bank
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Question:

The Budget at Completion (BAC) for a project is $50,000. The Actual Costs (AC) to date are $10,000. The Earned Value (EV) is $7,000. At this stage, the project management team did a manual bottom-up summation of costs and forecast an Estimate to Complete (ETC) of $50,000. What is the Estimate at Completion (EAC) for the project?
  1. $57,000
  2. $40,000
  3. $60,000
  4. $53,000






Q2. The project for the accounting department has been going well when the company says that it must reduce the cost of the project without changing the quality requirements. The project manager has looked to trim any resources, paid more attention to risk on upcoming activities, and even has reduced product scope, but the project remains over the new budget limit. Which of the following should the project manager do NEXT?

  1. Get an extension of time
  2. Review expensive customer requirements that add the least benefit
  3. Suggest the project be terminated
  4. Cut 10 percent off the cost estimate of each remaining activity.
Correct Answer

Q3. You have been assigned to manage the development of an organization’s new website. The site will be highly complex and interactive, and neither your project team nor the client has much experience with this type of website development. The timeline is extremely aggressive. Any delay will be costly for both your firm and the client. You have a project sponsor and have achieved agreement and sign-off on both the project charter and the project management plan. Client personnel have been kept fully informed of the project's progress through status reports and regular meetings. The project is on schedule and within budget, and a final perfunctory review has been scheduled. Suddenly you hear that the entire effort may be cancelled because the product being developed is totally unacceptable. What is the MOST likely cause of this situation?

  1. A key stakeholder was not adequately involved in the project.
  2. The project charter and project management plan were not thoroughly explained to or adequately reviewed by the client.
  3. Communications arrangements were inadequate and did not provide the required information to interested parties.
  4. The project sponsor failed to provide adequate support for the project.
Correct Answer

Q4. A complicated software project was authorized by a project sponsor. However, the users who were intended to use the product found it extremely difficult to articulate their requirements. What technique can be employed to elicit requirements for such a project?

  1. Job overlaying
  2. Hidden participant
  3. Job duplication
  4. Job shadowing
Correct Answer

Q5. A project manager needs to assess quality on the project. To do so, he wants to measure the height of each table produced. However, that would be too expensive. In this case, it would be BEST to use:

  1. Benchmarking
  2. A sample
  3. A control chart
  4. A Pareto chart.
Correct Answer

Q6. All of the following should be done by the project manager during the project monitoring and controlling process group EXCEPT:

  1. Determine that a change has occurred
  2. Ensure that a change is beneficial
  3. Make sure all changes are approved by management
  4. Manage changes as they occur.
Correct Answer

Q7. Information in the stakeholder register should be:

  1. Accessible only to the project manager.
  2. Available to the project manager and PMO staff.
  3. Available to all stakeholders and team members.
  4. Shared with others at the discretion of the project manager.
Correct Answer

Q8. A software system was accepted by the customer, but has found to give unexpected results. Which of the following BEST describes what the project manager should do FIRST?

  1. Review the customer’s inspection process
  2. Change the activity sequencing
  3. Apologize to the customer
  4. Review the Validate Scope process.
Correct Answer

Q9. Which technique is NOT commonly used to align the timing of activities with available resources?

  1. Critical Path Method
  2. Resource Leveling
  3. Resource optimization
  4. Resource Smoothing
Correct Answer

Q10. 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
Correct Answer










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