Project Management Question Bank
for Exam preparation

Q2. The business case documents the business need and the cost benefit analysis that justify the project. The summary of how the project has achieved the business needs identified in the business case is document in the:

1. Project charter
2. Project WBS
3. Project Scope Statement
4. Project final report

Q3. The difference between the cost baseline and the cost budget can be BEST described as:

1. The management reserve.
2. The contingency reserve.
3. The project cost estimate
4. The cost account.

Q4. You have a team of 10 members. They started to work together and are learning to trust each other. In which stage are they working?

1. Forming
2. Storming
3. Performing
4. Norming

Q5. The customer’s expectations for quality are shown on a control chart as the:

1. Mean
2. Specification limits
3. Rule of seven
4. Upper and lower control limits

Q6. A project manager estimates the work to be accomplished in the near term in detail at a low level of the Work Breakdown Structure (WBS). He estimates work far in the future as WBS components that are at a relatively high level of the WBS. What is this technique called?

1. Decomposition
2. Rolling wave planning
3. Scope Creep
4. Earned value planning

Q7. During the Conduct Procurements process, the procuring organization found that there were significant differences in pricing by different sellers. What is the best course of action in such a scenario?

1. Award the project to a supplier who is already on the procuring organization's preferred supplier list.
2. Cancel the procurement activity.
3. Investigate whether the procurement statement of work was defective or ambiguous.
4. Award the project to the highest bidder.

Q8. All of the following are parts of the Direct and Manage Project Work process EXCEPT:

1. Identifying changes
2. Using a work breakdown structure
3. Implementing corrective actions
4. Setting up a project control system 3

Q9. 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

Q10. You are performing administrative closure during the Close Project process. Upon completion of this process, you will have project archives, formal acceptance, and:

1. Project reports
2. Lessons learned
3. Performance measurement documentation
4. Statement of work updates 5