Project Management Question Bank
for Exam preparation

Project Management- Q2. Using the chart, in order to handle some resources changes on your project, activity H is going to be done concurrently with activity G instead of after it. What impact will this have on the project?

1. It will cause the project to be completed four time periods sooner
2. It will cause a decrease in project risk
3. It will have no effect on the critical path
4. It will affect activity
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Project Management- Q3. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis with a fee of 10 percent of estimated costs. The estimated cost is US$50,000. If the project comes in at US$75,000 with no changes in project scope, what would be the total cost of the contract?

1. US$55,000
2. US$125,000
3. US$75,000
4. US$80,000

Project Management- Q4. Checklists, fishbone diagrams, and Pareto charts are ALL examples of:

1. Tools used to define scope
2. Tools used in quality management
3. Tools used in team performance assessments
4. Parts of a project management plan.

Project Management- Q5. In the procurement process, the seller may be viewed initially as a bidder, then as the selected source, and then as the contracted supplier. The seller will typically manage the work as a project. In such an instance, which of the following is not true?

1. The buyer becomes the customer and is then a key project stakeholder for the seller.
2. Terms and conditions of the contract become key inputs to many of the seller’s management processes (ex: major deliverables, key milestones, cost objectives).
3. There need not be a contractual relationship between the buyer and the seller.
4. The seller’s project management team is concerned with all the processes of project management and not just procurement management.

Project Management- Q6. To define the logical relationship among dependencies accurately, a project manager is determining which ones require a lead or a lag. Which of the following correctly describes leads or lags?

1. A lead allows a successor activity to be delayed.
2. A lag directs a delay in the predecessor activity.
3. A lag allows acceleration of the successor activity.
4. A lead allows an acceleration of the successor activity.

Project Management- Q7. Jane is currently reviewing a list of project proposals. All the proposed projects achieve some of the organizational strategic objectives and their expected costs are known. However, Jane cannot execute all the projects due to the funding limitation. How shall Jane determine which projects she needs to execute this year?

1. Select the high-budget projects and drop the low-budget projects
2. Select the low-budget projects and drop the high-budget projects
3. Select the projects that maximize organizational revenue
4. Select the projects that maximize the business value

Project Management- Q8. What does a Cost Performance Index (CPI) of more than 1.0 indicate?

1. The project is over budget.
2. The project is right on budget.
3. The project is under budget.
4. The project is ahead of schedule.

Project Management- Q9. Halfway through the executing process of your project, a team member alerts you to a potential cost overrun for a specific deliverable. What do you do FIRST?

1. Determine the projected actual cost
2. Implement a change control process to track the change
3. Inform the customer.
4. Determine the cause of the overage

Project Management- Q10. Crashing helps you bring the project back on schedule if it is late. Which of the following statements is true about crashing?

1. Crashing should be done on the critical path
2. Crashing does not increase the cost
3. In crashing, you don’t start activities in parallel
4. All of the above