Project Management Question Bank
for Exam preparation

Q2. Which of the following represents the estimated value of the work actually accomplished?

1. Earned value (EV)
2. Planned value (PV)
3. Actual cost (AC)
4. Cost variance (CV)

Q3. The RACI chart is an example of a responsibility assignment matrix (RAM). The letters R and C in “RACI” stand for:

1. Responsible and consult
2. Resource and consultant
3. Responsible and categorize
4. Resource and consult

Q4. Eric, a project manager, is a certified PMP. He is responding to an RFP from a buyer and needs to fill in details on his company’s financial performance. His company has performed poorly during the current quarter, and the results will be published in two to three days. However, the company has done very well in the previous quarters. The RFP is due in 10 days, and all the information in the RFP is complete except the financial information. What should Eric do?

1. Eric should fill in the information for the previous quarter and ignore the current quarter. This is an aberration, and the company will eventually come out of the bad patch.
2. Eric should present the previous quarter's results as the latest results. This will give his company a better chance to win the project.
3. Eric should fill in the financial information for the previous quarter and send out the RFP response before the current quarter results are published.
4. Eric should wait until the current results are out and update the latest financial information before sending out the RFP response.

Q5. You are working on a waste management project that, upon completion, will be turned over to the local municipality for steady-state operation. Parking of trucks and other vehicles has become a serious problem because no parking area was allotted to you on the main dumping site. As a result, your trucks are parked on nearby roadsides. One of the fleet supervisors informs you that close to the main site, there is a large tract of land a local charity owns. Many locals park their cars on this tract of land. What should you do?

1. Since the piece of land is already used as parking, you can park your trucks over there.
2. Don’t park the trucks on that piece of land because it will be a violation of other’s property rights.
3. Check the local parking laws.
4. Ask the supervisor to get contact information of the local charity.

Q6. Stakeholder identification is a continuous process. Which of the following statements about stakeholders is incorrect?

1. Positive stakeholders benefit from the outcome of a project.
2. A project manager needs to focus on the positive stakeholders since their needs are best served by the project.
3. Overlooking negative stakeholders can result in an increased likelihood of failure.
4. Stakeholders can have conflicting or differing objectives.

Q7. Your project team has identified a major project risk. After talking to the project management office, they determine that a reserve on the project is not necessary. What is the NEXT step?

1. List the time or cost overrun expected on the project in your project management plan.
2. Develop risk transference strategies.
3. Create a risk response plan that includes the risk.
4. Ignore he risk until it happens.

Q8. The project CPI is 1.02, the benefit cost ratio is 1.7 and the latest round of performance reviews identified few needed adjustments. The project team was co-located into a new building when the project started. Everyone commented on how excited they were to have all new facilities. The sponsor is providing adequate support for the project and few unidentified risks have occurred In an attempt to improve performance, the project manager spends part of the project budget on new chairs for the team members and adds the term “senior” to each team member’s job title. Which of the following is the MOST correct thing that can be said of this project or the project manager?

1. The project manager has misunderstood Herzberg’s theory
2. The project is slowly spending more money than it should. The project manager should begin to watch cost more carefully
3. The performance review should be handled better to find more adjustments
4. The project manager should use good judgment to determine which variances are important.

Q9. Where would you find a detailed list and description of specific project assumptions associated with the project?

1. Project charter
2. Project scope statement
3. Project configuration document
4. Change management plan

Q10. Which of the following is not a tool or technique of the Acquire Resources process?

1. Negotiation
2. Multi-criteria decision analysis
3. Pre-assignment
4. Conflict management