Project Management Question Bank
for Exam preparation

Q2. The budget of your project is 350,000 USD and you have spent 200,000 USD. However, upon analyzing the project’s performance you find that you are over budget and may need 200,000 USD to complete the remaining work. This 200,000 USD is known as:

1. BAC
2. ETC
3. TCPI
4. EAC

Q3. What is the difference between the Monitor and Control Project Work process and the Direct and Manage Project Work process?

1. The Monitor and Control Project Work and the Direct and Manage Project Work processes are the same.
2. The Monitor and Control Project Work process monitors the project performance while the Direct and Manage Project Work process is concerned with performing the activities to accomplish project requirements.
3. The Monitor and Control Project Work process is a sub-process of the Direct and Manage Project Work process.
4. There is no such thing as the Monitor and Control Project Work process.

Q4. A project manager wants to use a group decision-making technique to generate, classify and prioritize requirements. Which of these is not a valid group decision-making technique?

1. Plurality
2. Singularity
3. Majority
4. Unanimity

Q5. A project was estimated to cost $200,000 with a timeline of 10 months. Due to a shipment delay, the schedule was slightly delayed. However, this was made up by shipping the first batch of materials for the project by air. The net result was that there was some additional cost in the project. At the end of the second month, the Project Manager reviews the project and finds that the project is 20% complete and Actual Costs are $50,000. The Estimate to Complete (ETC) for the project would now be:

1. $160,000
2. $210,000
3. $250,000
4. $200,000

Q6. You want to buy a cell phone and you have two options. The first phone is cheaper and offers less functionality, but it has a proven track record of good stability and reliability. The second phone is a feature rich, costly phone but it has some stability and reliability issues. Which of the following statements is correct about these phones?

1. The first cell phone is a low grade, high-quality phone
2. The second cell phone is a low grade, high-quality phone
3. The first cell phone is a high grade, low-quality phone
4. The second cell phone is a high grade, high-quality phone

Q7. A project manager says to a team member, “If you cannot complete this activity according to the quality standards you set in place, I will remove you from the team that is going Venezuela for the milestone party with the customer.” What form of power is the project manager using?

1. Reward power
2. Formal power
3. Penalty power
4. Referent power

Q8. If you had an experience with a particularly well or poorly performing vendor, what is the correct way to document this experience for future projects?

1. Call the vendor and talk to them about the experience
2. Tell all your friends about it
3. Create a seller performance evaluation
4. Vow to only work with that vendor from now on

Q9. A project manager is estimating the project duration and finds that the only information available to him is a previous project that was quite different from the current one. However, some portions of the previous project were similar to the current one. Which of the following tools is the project manager likely to use to compare current project's activity durations with the similar previous activities?

1. Analogous estimating
2. Program Evaluation and Review Technique (PERT)
3. Three-point estimates
4. Parametric estimating

Q10. Two people on the same project team have just found out that they are working on the same work. This situation can be BEST characterized as a lack of:

1. A good work breakdown structure.
2. A matrix organization
3. Sponsor direction
4. Effective status meetings.