Project Management Question Bank
for Exam preparation

Q2. You are working in a matrix project environment where functional managers have control over the resources. You are well aware that not acquiring the project team soon enough for your project could result in changes to the schedule, cost, and quality. To acquire the project team from functional managers, the best technique for you to use is:

1. Pre-assignment
2. Virtual teams
3. Negotiations
4. Acquisition

Q3. You are managing a project with a budget of 500,000 USD, and 250,000 USD has been spent. Upon review, you observe that only 40% of the work has been completed. Your schedule says that you should have completed 50% of the work. What is estimate at completion (EAC)?

1. 625,000 USD
2. 500,000 USD
3. 400,000 USD
4. 375,000 USD

Q4. Analogous Cost Estimating is which of the following?

1. Uses statistical relationship between historical data and other variables
2. Generally less accurate
3. Bottom-up estimating
4. Generally accurate

Q5. 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.

Q6. A watch list is an output of which risk management process?

1. Plan Risk Responses
2. Perform Quantitative Risk Analysis
3. Perform Qualitative Risk Analysis
4. Plan Risk Responses.

Q7. Which of the following is NOT possible outcome of risk acceptance?

1. The project will suffer no damages
2. The project will use the risk reserve
3. The project will recover cost from the insurance company
4. The project will experience a cost or schedule overrun.

Q8. While the five process groups are usually completed in order, they often overlap with each other throughout the project. Which two process groups usually do not overlap during the course of the project?

1. Initiating and Closing
2. Initiating and Executing
3. Initiating and Monitoring and Control
4. Planning and Closing

Q9. Which of the following is accurate regarding agreements in Project Procurement Management?

1. Agreements can never be terminated.
2. Terms and conditions never include the seller’s proposal.
3. Agreements are informal documents.
4. Agreements are legal documents between a buyer and a seller.

Q10. During the control quality process, you are reviewing a chart which has some lines above and below the x-axis and a cyclic line between them. What is the purpose of this chart?

1. To gather quality control data
2. To find the dependency between the variables
3. To find the trend
4. To determine if the process is stable