Project Management Question Bank
for Exam preparation

Q2. Due to an improper cost management plan, you are over budget and a new estimate is required to complete the project. Management asks you what the new estimate for the project will be. Which of the following formulas is not used to find this new estimate?

1. BAC / CPI
2. AC + (BAC – PV)
3. AC + (BAC – EV)
4. AC + (BAC – EV) / (CPI * SPI)

Q3. What is the LAST thing to do in project closure?

1. Complete the lessons learned
2. Provide the client with all pertinent documentation
3. Update the archives
4. Release the team

Q4. Which of the following is an output of the Define Activities process?

1. Milestone list
2. Project schedule activity diagrams
3. Resource calendar
4. Activity duration estimates

Q5. Cost performance measurement is BEST done through which of the following?

1. Asking for a percent complete form each team member and reporting that in the monthly progress report
2. Calculating earned value and using the indexes and other calculations to report past performance and forecast future performance
3. Using the 50/50 rule and making sure the life cycle cost is less than the project cost
4. Focusing on the amount expended last month and what will be expended the following month

Q6. You are the project manager for Wicked Fast Cars Corp. You are working on a project for the Human Resources department that is scheduled to take one year. After three months into the project, you calculate the EV at $35,000 and the PV at $45,000. Which option below represents the value for the SV?

1. ($10,000)
2. 1.29
3. 0.78
4. $10,000

Q7. Which of the following is the primary output of the Develop Project Team process?

1. Change requests
2. Staffing management plan
3. Team performance assessment
4. Updated issue log

Q8. The current update to the schedule performance report shows no schedule variance. Based upon this report, you tell the client that the project is on time. However, your team members know that you just missed a major milestone and the project will not meet its startup date. This is an indication of poor:

1. Communications planning.
2. Scope planning.
3. Team trust.
4. Schedule planning.

Q9. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis. The targeted cost is US$200,000 with a fee of US$30,000. If the project comes in at US$170,000, what would be the total cost of the contract?

1. US$ 195,500
2. US$230,000
3. US$ 200,000
4. US$170,000

Q10. Which of the following is a type of leadership style in which leaders are hands-off and allow group members to make the decisions:

1. Transactional
2. Servant leader
3. Transformational
4. Laissez-faire