Project Management Question Bank
for Exam preparation

Q2. 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

Q3. The work breakdown structure provides you with a structured vision of what has to be delivered, and the WBS dictionary provides you with detailed deliverables, activities, and scheduling information about each component in the WBS. Which of the following information cannot be found in the WBS dictionary?

1. Work description
2. List of assumptions
3. Resource requirement
4. Critical risks

Q4. What might historical records from previous projects used as an input to the Define Activities process include?

1. Activities
2. Resources
3. Costs
4. Schedule

Q5. A project team budgeted US $3,000 for the work performed and has spent US $4,000, to date. If they budgeted US $5,000 for the work scheduled, what is the cost variance (CV)?

1. ($1,000)
2. $2,000
3. $1,000
4. ($2,000)

Q6. You are the project manager managing a project to design a print head for dot matrix printers. In order to determine ideal settings for print quality, the quality manager of the company suggests trying out various scenarios for printing by varying certain parameters on the print head. Identifying such variables which influence the product or process under development is called:

1. Benchmarking
2. Design of Experiments
3. Statistical Sampling
4. Brainstorming

Q7. 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.

Q8. 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

Q9. Variance Analysis is an important tool used in the Control Costs process. Which of the following statements regarding variances is correct?

1. The percentage range of acceptable variances will tend to increase as more work is accomplished.
2. The percentage range of acceptable variances will tend to decrease as more work is accomplished.
3. The percentage range of acceptable variances is high at the start of a project, tends to decrease in the middle of a project, and then tends to increase as the project nears completion.
4. The percentage range of acceptable variances is a constant all through the project.

Q10. What is the duration of a milestone?

1. Shorter than the duration of the longest activity
2. Shorter than the activity it represents
3. There is no duration
4. Same length as the activity it represents