Project Management Question Bank
for Exam preparation

Q2. As a project manager, you are in the process of preparing the project schedule for the project. Which of the following accurately depicts the sequence of your activities before you began to prepare the project schedule?

1. Sequence Activities, Estimate Activity Durations, Develop Schedule
2. Sequence Activities, Estimate Activity Durations, Define Activities
3. Estimate Activity Durations, Sequence Activities, Develop Schedule
4. Define Activities, Estimate Activity Durations, Sequence Activities

Q3. A contractor is currently constructing a new building for your organization on a cost-plus-incentive contract. You just received the project status report from the contractor’s project manager. According to the report, the project’s CPI is 1.5. You are shocked because you believe the project costs are out of control. Upon investigation, you learn the $1 million advance payment (20 percent of the estimated project cost) given to the contractor at the start of the project was included in the project’s earned value. Further, the cost of the inventory at the project site was excluded from the total actual costs. According to the contract, your company reimburses only the costs for the completed deliverables and not for the supplies in the project’s inventory. In this scenario, the reported project’s CPI is incorrect because:

1. Actual cost is understated.
2. Earned value is overstated, and actual cost is understated.
3. Earned value is overstated.
4. Both the earned value and the actual cost are overstated.

Q4. A project manager has just been assigned to a project that has been in progress for two months when a team member requests more time on an activity he is working on. The project manager discovers that the only impact to the project will be a delay on a noncritical path activity. The customer has emphasized the importance of completing the project on schedule. What should the project manager do NEXT?

1. Submit the information to the change control board, determine if this event might impact the team member’s future work, inform the team member of the board’s decision
2. Ask the team member why they need more time, begin integrated change control, adjust the project schedule as needed
3. Look for impacts to quality, cut unneeded scope from the project, ask for more resources
4. See if any stakeholders object to the change, calculate the exact impact on the project, look at removing this resource from the project

Q5. You are a project manager working on a project that requires 100 items to be tested, spaced evenly over five weeks. You have just begun week three, with an overall budget of US $10,000. To date, you have spent US $2,000 with 40 items tested successfully. What does the cost variance (CV) tell you in this circumstance?

1. The project is proceeding at 100 percent of the expected rate.
2. The project is $2,000 under budget
3. The project is on budget
4. The project is getting $2 of work for every dollar spent.

Q6. A cost performance index of 0.89 means:

1. At this time, we expect the total project to cost 89 percent more than planned
2. When the project is completed, we will have spent 89 percent more than planned
3. The project is only progressing at 89 percent of that planned.
4. The project is only getting 89 cents out of every dollar invested.

Q7. While holding a risk reassessment meeting, the sponsor is looking at the latest list of top risks in the project report. A newly identified risk has undergone qualitative risk analysis and it was determined that it did not rank higher than already identified risks to continue through the risk process. Two fallback plans have been adjusted based on the severity of previous risk impacts. What has the project manager NOT done?

1. Provide the sponsor with the full list of noncritical risks
2. Perform quantitative risk analysis for the new risk
3. Look at the impact of the new risk to the project as a whole
4. Look for contingency risks from the fallback plan.

Q8. You work at a software company that authors Material Safety Data Sheets (MSDS) for chemical companies. Prior to releasing the MSDS to the company, you have created a list of items for review to ensure they appear in the document. These items include chemical name, CAS#, protection required, what to do in an emergency, etc. This list is an example of what type of tool?

1. Checklist
2. Process Improvement Plan
3. Quality Management Plan
4. Quality Metrics

Q9. In planning your project, which would generally have the highest priority; quality, cost, or schedule?

1. Cost is most important, quality next, and then schedule
2. Quality is more important than cost or schedule
3. Schedule is most important, quality next, and then cost
4. It should be decided for each project.

Q10. A project manager wants to make sure his plans for meeting the training needs of resources, and plans for releasing resources are complete. All of the following are inputs to this activity EXCEPT:

1. Enterprise environmental factors
2. Historical information
3. Project organizational charts
4. Activity resource requirement.