Project Management Question Bank
for Exam preparation

Q2. Determining the physical resources, quantities of each, and when they would be used is the process of:

1. Resource selection
2. Estimate Activity Resources
3. Resource leveling
4. Define Activities

Q3. Unless an enterprise-wide ERP is deployed in an organization, disparate IT systems perform specialized tasks in a project. Which of the following systems typically processes supplier’s payments after obtaining all the necessary certification of satisfactory work?

1. Project management information system
2. Accounts payable system
3. Change control and tracking system
4. Supply chain management system

Q4. A project manager is managing a project in which there are teams located in remote locations in order to obtain cost savings. This is in accordance with organizational guidelines that require that at least 25 percent of the work should be done from a remote location. This is an example of:

1. A constraint
2. A necessity
3. A choice
4. An assumption

Q5. A plan for establishing the criteria for developing and controlling the project schedule is BEST described as part of the:

1. Schedule management plan
2. Schedule model
3. Activity attributes
4. Schedule network analysis

Q6. Which of the following is the BEST thing to do when a project activity will take longer than planned and the project can no longer be completed on time?

1. Compress the schedule
2. Ask for an extension of time
3. Negotiate for more resources
4. Work overtime to make up the time

Q7. 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

Q8. You have four projects from which to choose one. Project A is being done over a six year period and has a net value (NPV) of US $70,000. Project B is being done over a three year period and has an NPV of US $30,000. Project C is being done over a five year period and has an NPV of US $40,000. Project D is being done over a one year period and has an NPV of US $60,000. Which project would you choose?

1. Project A
2. Project B
3. Project C
4. Project D

Q9. A project has experienced significant delays due to equipment problems, staff attrition, and slow client reviews. The project is 40 percent complete and has used 60 percent of the available calendar time. What is the FIRST thing you should do?

1. Rebaseline the schedule to reflect the new date
2. Analyze the critical path activities for potential to fast track or crash the schedule
3. Document the lack of progress and associated issues to management
4. Identify activities that required more time than planned 49

Q10. You have been given a multi-year project to build a refinery. This is a very large and complex project, and you now need to estimate the cost for this project. What basic assumption will you need to make while estimating the cost for this project?

1. If you get the project budget in phases
2. You will be given all costs and resources at the beginning of the project
3. Whether the estimate will be limited to direct costs or if it will include the indirect costs as well
4. If the project schedule is fixed or based on events