Project Management Question Bank
for Exam preparation

Project Management- Q2. As the project manager of a large project, you have just completed the Estimate Costs process. As you begin the Determine Budget process, which of the following would you require as inputs to the process from the Estimate Costs process?

1. Activity cost estimates, basis of estimates
2. Activity cost estimates, activity resource estimates
3. Resource breakdown structure, agreements
4. Activity cost estimates, staff management plan

Project Management- Q3. A control chart should always contain:

1. Upper and lower warning limits
2. The moving average
3. Upper and lower control limits
4. Upper and lower specification limits

Project Management- Q4. The Budget at Completion (BAC) for a project is $50,000. The Actual Costs (AC) to date are $10,000. The Earned Value (EV) is $7,000. At this stage, the project management team did a manual bottom-up summation of costs and forecast an Estimate to Complete (ETC) of $50,000. What is the Estimate at Completion (EAC) for the project?

1. $57,000
2. $40,000
3. $60,000
4. $53,000

Project Management- Q5. A project manager has increased project costs by US $100,000, but completed the project four weeks earlier than planned. What activity is BEST described here?

1. Resource leveling
2. Schedule compression
3. Critical chain
4. Adjusting leads and lags

Project Management- Q6. All of the following are forms of power derived from the project manager's position EXCEPT:

1. Formal.
2. Reward.
3. Penalty.
4. Expert.

Project Management- Q7. Anne is the project manager of a project. She has evaluated certain responses from prospective sellers and wants to select a contract model that will transfer risk to the seller. Which of the following should she select in order to achieve this?

1. Time and Material contract
2. Fixed price contract
3. Cost-Plus-Fixed-Fee contract
4. Cost-Plus-Incentive-Fee contract

Project Management- Q8. A project team member has just completed work on the microprocessor for the new human system performance monitor and is now finished with the project. The project manager should:

1. Evaluate the project’s resource requirements
2. Provide input to the team member’s performance appraisal
3. Re-evaluate the activity duration estimates.
4. Change the staffing management plan

Project Management- Q9. You are a project manager for a new product development project that has four levels in the work breakdown structure. The network diagram has been created, the duration estimates have been compressed, and a schedule has been developed. What schedule management activity should you do NEXT?

1. Control Schedule
2. Estimate Activity Resources
3. Analogously estimate the schedule
4. Gain approval

Project Management- Q10. Double declining balance is a form of:

1. Decelerated depreciation
2. Straight line depreciation
3. Accelerated depreciation
4. Life cycle costing 0