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Project Management Question Bank
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Question:

The formula for Cost Variance is:
  1. CV=EV-AC
  2. CV=AC-EV
  3. CV=BAC-(AC-EV)
  4. CV=SV-BC






Q2. The stakeholder engagement plan is developed early during project planning phase. However, as the project moves into its execution phase, project stakeholders’ needs, interests and/or influence might change. If a significant change happens, what should the project manager do?

  1. Refer the issue to the project sponsor
  2. Hold all project communications until the issue has a resolution
  3. Seek expert judgment from the project sponsor
  4. Revisit the Plan Stakeholder Engagement process
Correct Answer

Q3. You have a signed project charter, and are in the process of creating a project scope statement. You have asked the team for input to ensure that the project scope statement is complete. However, the team is struggling with defining the scope. Which of the following BEST describes the problem?

  1. A WBS was not completed before scope statement was begun.
  2. The team is working on the project scope statement without the benefit of organizational process assets.
  3. The team is in the Define Scope process and needs the project scope statement as an input
  4. The project objectives were not identified before scope statement was begun.
Correct Answer

Q4. A project manager is using a Risk Diagramming technique that is a graphical representation of situations showing causal influences, time ordering of events, and other relationships among variables and outcomes. This would be:

  1. A system flow chart
  2. An Influence Diagram
  3. A Pareto chart
  4. Histogram
Correct Answer

Q5. A person is writing a document identifying the business need for a project and is including a description of the product is created by the project. She includes a list of stakeholders and pre-assigned resources. What is the role of this person on the project?

  1. The project manager for the project or a company functional manager
  2. A member of the project management team working at the direction of the project manager
  3. The sponsor or the project manager
  4. A manager or executive in the organization who is higher in the corporate hierarchy than the project manager.
Correct Answer

Q6. Project managers need to be aware of Student Syndrome, also known as procrastination, which means that people start to apply themselves only at the last possible moment before the deadline. This concept is similar to Parkinson’s Law which states that:

  1. Work only gets completed during the second half of the allocated time.
  2. Work never gets completed on time even if sufficient time has been allocated.
  3. Work expands to fill the time available for its completion.
  4. Effort expands to fill the time available for the completion of a work package.
Correct Answer

Q7. A number of identified risks occurred early in a project. As a result, most of the project objectives ended up in jeopardy. The project manager decided to present a case to management that the project be closed down. This is an example of:

  1. Risk Acceptance
  2. Risk Mitigation
  3. Risk Avoidance
  4. Risk Transfer
Correct Answer

Q8. A team member notifies the project manager after the fact that certain project deliverables have been attained without performing all the associated work packages in the WBS. What should the project manager do FIRST?

  1. Immediately communicate the changes to all team members and stakeholders and have team members’ performance reviewed.
  2. Review work packages and deliverables to determine impact, if any. Recommend changes to the project to the project management plan.
  3. Change the project performance measurement baselines and the WBS.
  4. Change the reporting process to get information sooner, then review the communications management plan to see if it is still appropriate to the needs of the project.
Correct Answer

Q9. Nancy is engaged in the construction of three office buildings. Although the construction sites are in various places, she has managed each team efficiently to complete the work on time and within budget. Which of the following statements describes the effort Nancy is doing?

  1. Construction of each building is an operational work because it is repetitive in nature.
  2. The building construction is considered neither a project nor operational work.
  3. Construction of all three buildings is considered one project.
  4. Construction of each building is a project because each building is separate in nature.
Correct Answer

Q10. 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.
Correct Answer










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