Project Management Question Bank
for Exam preparation

Q2. When the cost of an activity cannot be estimated with an adequate degree of certainty, the work within the activity can be decomposed. The resource requirements for each lower, more detailed work package can be estimated and aggregated to form a basis for estimating the cost for overarching scheduled activity. What is this type of estimating called?

1. Bottom-up estimating
2. Decomposed estimating
3. Should-cost estimating
4. Three-point estimating

Q3. For the last three months, a customer has been from two to four days late with her approvals on deliverables. After analyzing the situation, the project manager decides withdrawal is the best conflict resolution technique to use. Which of the following reflects withdrawal?

1. Inform the customer that late approvals are not a problem, but ask him or her to try to get them in on time in the future.
2. Meet with the customer to determine a new due date for approvals.
3. Postpone a decision
4. Call the customer and demand that you receive the approvals today.

Q4. All the monitoring and controlling processes and many of the executing processes can produce change requests as an output. Change requests may require corrective actions and preventive actions. Which of the following are normally affected by corrective and preventive actions?

1. Defect repair
2. Regressive baselines
3. The project baselines
4. The performance against baselines

Q5. Validate scope is the process which helps increase the chances that the client will accept the deliverable. Here, the client reviews the verified deliverable from the control quality process. Which of the following statements is true about validate scope process?

1. You complete this process with the client
2. You and your team members complete the process
3. It is performed by QA / QC personal
4. None of the above

Q6. Which of the following tools helps you to determine whether the subcontractor’s work is meeting the quality requirements?

1. Quality control
2. Quality audit
3. Inspection of deliverables
4. Delphi technique

Q7. A team member determines that the scope for her activity is no longer valid. She comes to you for advice on making the change. To which of the following documents should the project manager refer to make this change?

1. The project management information system
2. The scope management plan
3. The cost management plan
4. The work authorization system

Q8. Which of the following is NOT a factor in the project manager’s acquiring the best resources for the project?

1. Schedule model
2. Activity attributes
3. Quantified resource requirements by activity.
4. Directive of the project manager.

Q9. Your project has a medium amount of risk and is not very well defined. The sponsor hands you a project charter and asks you to confirm that the project can be completed within the project cost budget. What is the BEST method to handle this?

1. Build an estimate in the form of a range of possible results.
2. Ask the team members to help estimate the cost based on the project charter.
3. Based on the information you have, calculate a parametric estimate.
4. Provide an analogous estimate based on past history.

Q10. A project manager has decided to use a decision tree to do a build or upgrade analysis. The build requires an investment of $200M. On the build decision branch, there is a 60 percent probability of strong demand (yielding a revenue of $400M) and a 40 percent probability of weak demand (yielding a revenue of $150M). What is the expected monetary value (EMV) of the build?

1. $100M
2. $300M
3. $140M
4. $200M