Project Management Question Bank
for Exam preparation

Q2. What does a project scope statement document?

1. What work is to be completed during the project
2. What deliverables need to be produced by the project
3. Both A and B
4. Neither A nor B

Q3. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis with a fee of 10 percent of estimated costs. The estimated cost is US$50,000. If the project comes in at US$75,000 with no changes in project scope, what would be the total cost of the contract?

1. US$55,000
2. US$125,000
3. US$75,000
4. US$80,000

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. The project manager on a large software installation project is working with her team on a critical set of activities. They are working late on Saturday night. Circumstances create the wherein the project manager must decide to change the schedule that will push the end date of the project out two weeks. What has MOST likely happened?

1. An emergency project change has taken place.
2. Scope creep has occurred
3. A status change to the implementation has taken place.
4. Risk assessment failure has taken place

Q6. You are managing a heavy equipment manufacturing project that involves many mechanical, electrical, and IT staff. Your team prepared a schedule network diagram using duration estimates with dependencies and constraints. Your team also calculated the critical path for the project using late and early values. Today, your project office has indicated to you that some of the resources you had planned for the project will be unavailable. To deal with this, you explore the possibility of modifying the schedule to account for limited resources. What is your best possible step in such a situation?

1. Recalculate critical path after applying the resource constraints
2. Perform Resource Leveling to account for limited resources
3. Use crashing or fast tracking to level resources across the project
4. Apply leads and lags to develop a viable schedule

Q7. Which of the following is the BEST way to describe the outputs of the Identify Risks process?

1. A list of risks
2. A list of triggers
3. A list of the risk response owners
4. An understanding of the project risks

Q8. Which of the following is done during the Create WBS process?

1. Product analysis
2. Project selection
3. Decomposition
4. Alternatives identification

Q9. In projects with adaptive life cycles, the overall scope of the project will be decomposed into a set of requirements and work to be performed, sometime referred to as:

1. Assumptions backlog
2. Feature list
3. Project attributes
4. Product backlog

Q10. A project manager is trying to coordinate all the activities on the project and has determined the following: Activity A can start immediately and has an estimated duration of 1 week. Activity B can start after activity A is completed and has an estimated duration of 4 weeks. Activity C can start after activity B is completed and has an estimated duration of 5 weeks. Activity D can start after activity 1 is completed and has an estimated duration of 8 weeks. Both activities C and D must be completed before the end of the project. If there is an approved change to activity D and it now takes 10 weeks, what is the duration of the critical path?

1. 10 weeks
2. 11 weeks
3. 14 weeks
4. 8 weeks 70