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Project Management Question Bank
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Question:

The Actual Cost (AC) is the total cost actually incurred and recorded in accomplishing work performed for an activity or work breakdown structure component. What is the upper limit for the AC?
  1. 50 percent over and above the Planned Value (PV)
  2. The Actual Cost (AC) is limited to the Planned Value (PV).
  3. 100 percent over and above the Planned Value (PV)
  4. There is no upper limit for the Actual Cost (AC).






Q2. You work at a software company that authors Material Safety Data Sheets (MSDS) for chemical companies. Prior to releasing the MSDS to the company, you have created a list of items for review to ensure they appear in the document. These items include chemical name, CAS#, protection required, what to do in an emergency, etc. This list is an example of what type of tool?

  1. Checklist
  2. Process Improvement Plan
  3. Quality Management Plan
  4. Quality Metrics
Correct Answer

Q3. With high levels of uncertainty and unpredictability in a fast-paced and highly competitive global marketplace, where long-term scope is difficult to define, it is becoming even more important to have a __________ for effective adoption and tailoring of development practices to respond to the changing needs of the environment.

  1. Rigid management approach
  2. Predefined detailed scope
  3. Contextual framework
  4. Blackbox approach
Correct Answer

Q4. Based on the chart, while completing the project, a team member tells you that the team forgot something during planning. Activity F needs the results of activity E before it can begin. Taking this new dependency into account, what would be the effect on the project?

  1. It would increase the critical path
  2. Communication would be more complex
  3. There would be no effect
  4. It would delay activity F
Correct Answer

Q5. Contingency Reserves are estimated costs to be used at the discretion of the project manager to deal with:

  1. Scope creep
  2. Anticipated but not certain events
  3. Unanticipated events
  4. Anticipated and certain events
Correct Answer

Q6. The formula for Cost Variance is:

  1. CV=EV-AC
  2. CV=AC-EV
  3. CV=BAC-(AC-EV)
  4. CV=SV-BC
Correct Answer

Q7. Inputs to the Report Performance process include all of the following EXCEPT:

  1. Completion forecasts.
  2. Change requests.
  3. Details of work performance.
  4. Deliverable status
Correct Answer

Q8. A project manager is assigned to a new project and is supplied with a preselected team. What is the FIRST thing the project manager should find out about the team?

  1. Each team member wants to get out of the project.
  2. What each team member wants to get out of the project.
  3. Each team member’s project archives
  4. Each team member’s role in the project management plan.
Correct Answer

Q9. The project manager of a highly visible project is new to project management. He has carefully followed the steps to create a project management plan. During a status meeting, two of the team members argue over what needs to happen next. Whose responsibility is it to correct the problem?

  1. The team
  2. The project manager
  3. The functional manager
  4. the individual team members who disagree
Correct Answer

Q10. The project is not going well and many changes are being made. Which of the following should you do FIRST to gain control of the project?

  1. Review the project scope with the stakeholders
  2. Create a new change form
  3. Remind everyone of the change procedures
  4. Ask the sponsor to review the project charter
Correct Answer










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