Project Management Question Bank
for Exam preparation

Q2. You are developing the project management plan. Management asks you to provide them with information on the chances of completing the project under different circumstances. The project is important and so management does not want to delay the schedule. You compile the data and use a tool and tell management that there is a 90% chance you can complete the project within the schedule, however, if you are given three weeks of extra time, the chance of completing project rises to 98%. Which of the following statements is true about the tool you have used to come up with this information?

1. It is a perform qualitative risk analysis process technique
2. It is a perform quantitative risk analysis process technique
3. It is a control quality process technique
4. It is a technique of the determine budget process

Q3. You are working as a project manager for a wind-powered vehicle manufacturing project which is in its planning phase. You carefully gathered all your requirements from your key stakeholders and prepared a system requirements specification and project requirements specification. While presenting your specifications to the project team, an enthusiastic project team member started talking about the duration estimates for each activity. Which of the following statements indicates your response to your team member?

1. WBS creation and Schedule development must be done after estimating durations.
2. Schedule development and Costs estimation must be done before estimating durations.
3. Scope definition, WBS creation, Quality planning, and Communication planning must be done before estimating durations.
4. Scope definition, WBS creation, Activity definition, and Activity sequencing must be done before estimating durations.

Q4. As a project manager, you are in the process of preparing the project schedule for the project. Which of the following accurately depicts the sequence of your activities before you began to prepare the project schedule?

1. Sequence Activities, Estimate Activity Durations, Develop Schedule
2. Sequence Activities, Estimate Activity Durations, Define Activities
3. Estimate Activity Durations, Sequence Activities, Develop Schedule
4. Define Activities, Estimate Activity Durations, Sequence Activities

Q5. Management wants the project completed in 40 days. The cost performance index (CPI) is 1.1; the project critical path duration is 38 days with a standard deviation of two days. What is the maximum project float?

1. Zero days
2. Two days
3. Four days
4. One day

Q6. During project executing, your project team member delivers a project deliverable to the buyer. However, the buyer refuses the deliverable, stating that it does not meet the requirement on page 300 of the technical specifications. You review the document and find that you agree. What is the BEST thing to do?

1. Explain that the contract is wrong and should be changed.
2. Issue a change order
3. Review the requirements and meet with the responsible team member to review the WBS dictionary.
4. Call a meeting of the team to review the requirement on page 300.

Q7. You manage an airport construction project. Since sophisticated technology and systems are involved, your project procurements require significant lead times. Your procurement specialist has recently proposed a new procurements management process that will significantly reduce these lead times and result in cost savings for the project. Besides implementing this new process, what else should you do?

1. Resell your current inventory at the purchase price
2. Shut down the project warehouse
3. Update the lessons-learned database
4. Do not include the over-processing costs

Q8. A project is over budget to date. Which of the following is NOT A REASON this could have occurred?

1. More work than planned was accomplished.
2. There was a cost increase from the supplier
3. Work was delayed.
4. Work was done inefficiently.

Q9. Martin is the project manager of a project that is in an early phase. He needs to estimate costs but finds that he has a limited amount of detailed information about the project. Which of the following estimation techniques is least suited to his requirements?

1. Top-down Estimating
2. Bottom-up Estimating
3. Analogous Estimating
4. Budgetary Estimating

Q10. Two efficiency indicators that reflect the cost and schedule performance of a project are:

1. Cost Projection Index (CPI) and Schedule Projection Index (SPI)
2. Cost Performance Index (CPI) and Schedule Performance Index (SPI)
3. Actual Cost (AC) and Planned Value (PV)
4. Cost Pricing Index (CPI) and Schedule Performance Index (SPI)