Project Management Question Bank
for Exam preparation

Q2. What does estimate at completion (EAC) mean?

1. Each anticipation cost for the project
2. Estimated average cost at project completion
3. Anticipated total cost at project completion
4. Anticipated expenses at project completion

Q3. You are developing a smartphone, when suddenly your competitor has launched a smartphone which is better than yours. Therefore, you make some changes to the product which causes WBS elements to be amended heavily. What kind of changes have you made to your project?

1. Change in scope
2. Change in schedule
3. Change in quality
4. None of the above

Q4. You are the project manager for Commodities, Inc. You are involved in a new project to create an internal website for the employees that will allow them to view events within the company. All of the following options listed are project constraints except:

1. The project must be completed by December 31 of the current year.
2. There is a budget of $75,000 for the project.
3. The navigation menu for the website must be on the top of the page.
4. Only three employees are available to work on the project.

Q5. While evaluating the bar chart, the project manager determines that the project is behind schedule. What should she do?

1. Obtain approval from the customer to slip the project.
2. Report findings to management
3. Evaluate the alternatives with the team
4. Evaluate the alternatives with the customer

Q6. You are looking at the standard reports that the project management office has supplied, you see network diagrams and bar charts. In which of the following circumstances would you ALWAYS use a network diagram instead of a bar chart?

1. To track progress or to report to the team
2. To show logical relationships
3. In the Define Activities process
4. To report to senior management

Q7. You are in the planning phase of a project and you find that, due to a miscommunication, some additional features were added to the product which were not requested by any of your stakeholders. Which of the following could help you avoid such a situation?

1. Requirements traceability matrix
2. WBS
3. RACI chart
4. Checklist analysis

Q8. You have been appointed a project manager for ABC Inc. and are given a project. While in the planning stage, you find that your organization is lacking the skills and manpower to complete a part of the work and the scope is also unclear. You decide to contract this work to a third party. What kind of contract will you select in this case?

1. Cost reimbursable
2. Time & material
3. Fixed fee
4. PO

Q9. All of the following are purposes of the project charter EXCEPT:

1. It establishes the project.
2. It identifies the product acceptance criteria
3. It gives the project manager authority
4. It includes stakeholders’ requirements

Q10. Mark is in the middle of a software development project. So far, the project has incurred a total cost of $50,000. If it is determined the project is no longer required, what would we call the cost incurred to date?

1. Opportunity cost
2. Return on investment
3. Breakeven cost
4. Sunk cost