Project Management Question Bank
for Exam preparation

Q2. Lesley is managing a software development project for the World Climate Control Organization. Since her team members are dispersed across the globe, she would like to set up online conferences in the next two months to let everyone in her project know what is going on and what their roles are within the project. She wants to use these conferences as team development activities to learn and exchange information in the project. To schedule such activities, which of the following should she use to keep track of the availability of team members?

1. Project charter
2. Resource calendars
3. Responsibility assignment matrix
4. Project staff assignments

Q3. 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

Q4. A project team has been arguing for days about the correct way to complete a high-level design. This argument has caused the schedule performance index (SPI) to fall 0.89 and the cost performance index (CPI) to 0.8. If the project manager tells the team, “we will schedule this discussion for our team meeting next week,” the project manager is:

1. Using earned value
2. Compromising
3. Increasing costs even further
4. Withdrawing.

Q5. The outputs of the Plan Risk Responses process include a risk response plan, risk response owners assigned, and:

1. Residual risks
2. Closed risks
3. Probability and impact matrix
4. Probability of achieving cost objectives 96

Q6. You are a project manager for a small construction project. Your project was budgeted for US $72,000 over a six week period. As of today, you’ve spent US $22,000 of your budget to complete work that you originally expected would cost US $24,000. According to your schedule, you should have spent US $30,000 by this point. Based on these circumstances, your project could be BEST described as:

1. Under budget
2. Over budget
3. On budget
4. Not having enough information provided.

Q7. Three years back, your organization awarded a fixed price contract to a reputable local contractor to construct a new airport terminal in the city. A few days back, you received a change request from the contractor requesting to adjust the contract’s price. The contractor is claiming that as a result of the recent national recession, the prices of raw materials have gone up and he cannot complete the rest of the project at the contract price. Is the contactor’s request legitimate?

1. Yes, you cannot penalize the contactor for price escalations due to force majeure.
2. Yes, unless there is no Economic Price Adjustment provision in the contract.
3. No, the price of the contract is fixed and cannot be changed.
4. No, the price hike due to recession must be adjusted against the contractor’s profit.

Q8. You have a project with four activities as follows. Activity 1 can start immediately and has an estimated duration of 1. Activity 2 can start after activity 1 is completed and has an estimated duration of four. Activity 3 can start after activity 2 is completed and has an estimated duration of five. Activity 4 has an estimated duration of 8. It can start after activity 1 is completed. Both activity 3 and 4 must be completed before the project is complete. What is the critical path of the project?

1. Start, 1, 2, 3, End
2. Start 1, 4, 3, End
3. Start 1, 4, End
4. Start 1, 2, 3, 4, End Activity Baseline Crash Time Cost Time Cost A 10 $4,000 8 $6,000 B 2 $6,000 2 $6,000 C 14 $22,000 12 $26,000 D 6 $9,000 5 $10,000 E 9 $14,000 7 $19,000 F 8 $18,000 4 $36,000 76

Q9. In a small office construction project, the following activities are scheduled in sequence. i) Digging and pouring footings: five days. ii) Working on the slab and pouring: three days. iii) Framing the floor: five days. iv) Wall framing: four days. v) Roof framing: six days. vi) Insulation and drywall: seven days. vii) Interior doors and trim: three days. viii) Hardware and fixtures: two days. What is the minimum time to complete the project if all activities are on a critical path except activity viii, and activity iii is delayed by one day?

1. 32 days
2. 33 days
3. 34 days
4. 35 days

Q10. Which of the following techniques is the BEST way to determine project objectives?

1. Delphi technique
2. Earned value analysis
3. Expert interviews
4. Pareto 8