Project Management Question Bank
for Exam preparation

Q2. Bill is the project manager of a software project that was originally estimated to be completed in 12 months. Two months into the project, it is discovered that the original estimating assumptions were fundamentally flawed. The Estimate at Completion (EAC) in such a project will be:

1. EAC = AC + Bottom-up ETC
2. EAC = BAC/CPI
3. EAC = AC + [BAC - EV]/CPI
4. EAC = AC + BAC - EV

Q3. A project is contracted on a Cost-Plus-Incentive-Fee (CPIF) basis. The contract states that if the final costs are less than expected costs, the sharing formula for cost savings is 80:20. The targeted cost is US$500,000 with a 10 percent fee. If the project comes in at US$450,000, what would be the total cost of the contract?

1. US$495,000
2. US$510,000
3. US$505,000
4. US$550,000

Q4. You have received many bids from contractors and are now separating them according to their experience, technical expertise, and capabilities. After segregating these responses, you are reviewing them to see if they are capable of doing the job or not. What process is this?

1. Conduct procurement
2. Plan procurement management
3. Proposal evaluation technique
4. Manage quality

Q5. Which of the following is part of the integration management process?

1. Monitor and Control Project Work
2. Plan Resource Management
3. Manage Quality
4. Report Performance 2

Q6. During an inspection, you are reviewing a chart and notice that a particular process is outside the below specification limit. You instruct your team member to take corrective action. What chart have you reviewed here?

1. Cause and effect diagram
2. Scatter diagram
3. Run chart
4. Control chart

Q7. Michael and John are having some conflicts and they come to you. Since you are too busy and the problem is complex, you go with the midway of both parties and partially satisfy both of them. What conflict resolution technique are you using here?

1. Accommodate
2. Withdraw
3. Collaborate
4. Compromise

Q8. A project manager has increased project costs by US $100,000, but completed the project four weeks earlier than planned. What activity is BEST described here?

1. Resource leveling
2. Schedule compression
3. Critical chain
4. Adjusting leads and lags

Q9. A project manager has made a change to the project. What should she do NEXT?

1. Assign resources
2. Revise the project management plan and/or project documents
3. Evaluate impact
4. Request change control board involvement

Q10. Where would you find a detailed list and description of specific project assumptions associated with the project?

1. Project charter
2. Project scope statement
3. Project configuration document
4. Change management plan