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. Which of the following is accurate regarding agreements in Project Procurement Management?

1. Agreements can never be terminated.
2. Terms and conditions never include the seller’s proposal.
3. Agreements are informal documents.
4. Agreements are legal documents between a buyer and a seller.

Q4. All of the following are parts of the scope baseline EXCEPT the:

1. Scope management plan
2. Project scope statement
3. Work breakdown structure
4. WBS dictionary

Q5. A project manager has completed risk response planning. She as planning to go on to risk monitoring and control when she found out from another project manager that she forgot to do something important in this step. Which of the following did she forget?

1. She has not created an overall risk ranking for the project
2. She has not analyzed secondary risks
3. She has not created workarounds
4. She has not created a prioritized list of quantified risks.

Q6. Which of the following processes are usually not performed continuously, but rather, performed periodically as needed:

1. Acquire Resources
2. Monitor Risks
3. Monitor Communications
4. Monitor Stakeholder Engagement

Q7. You have been hired by ABC Inc. and appointed as a project manager for their new project. The project charter has been signed and currently you are busy with preparing a detailed description of your project and the product. The description is in detail, the final requirements are identified, the product boundaries are defined, and you have outlined what is included and what is excluded. Once you complete this process, which of the following documents will you not update next?

1. Issue log
2. Stakeholder register
3. Requirements documentations
4. Requirement traceability matrix

Q8. Agile release planning provides a high-level summary timeline of the release schedule based on the project roadmap. Agile release planning also determines the number of iterations required for the product development. These iterations are also known as:

1. Epics
2. Kanbans
3. Sprints
4. Phases

Q9. Your employee is three days late with a report. She walks into a meeting where the report is to be discussed and hands you a copy five minutes before the topic is to be discussed. You noticed some serous errors in the report. How could this have been prevented?

1. Require periodic updates from the employee.
2. Coach and mentor the employee.
3. Make sure the employee was competent to do the work.
4. Cancel the meeting earlier because you did not have a chance to review the reports.

Q10. Which of the following is CORRECT?

1. Inspecting is part of project control and order of magnitude estimates are in the range of +10 to -25 percent.
2. Determining that the project is following policies and procedures is done in the Manage Quality process, and accepting work results is done in the Validate Scope process
3. Define Scope and make-or-buy decisions are parts of the Plan Procurement Management process.
4. Cost estimates are best created by the person doing the work and the detailed project cost budget is created by management.