Project Management Question Bank
for Exam preparation

Q2. The accuracy of Activity Duration estimates can be improved by considering the amount of risk in the original estimate. The three types of estimates on which three-point estimates are based are:

1. Budgetary, ballpark, and Order of Magnitude
2. Best case scenario, expected scenario, and current scenario
3. Most likely, likely, and unlikely
4. Most likely, optimistic, and pessimistic

Q3. Which of the following is an important input to the Validate Scope process?

1. Validated deliverables
2. Organizational process assets
3. Accepted deliverables
4. Change requests

Q4. The formula for Cost Variance is:

1. CV=EV-AC
2. CV=AC-EV
3. CV=BAC-(AC-EV)
4. CV=SV-BC

Q5. A project manager had scheduled a number of training programs for his team. However, he was aware that apart from planned training, unplanned training also took place in a number of ways. Which of these is not one of the ways in which unplanned training can take place?

1. Classroom
2. Observation
3. Project performance appraisals
4. Conversation

Q6. You are a project manager for the construction of a major new manufacturing plant that has never been done before. The project cost is estimated at US $30,000,000 and will make use of three sellers. Once begun, the project cannot be cancelled, as there will be a large expenditure on plant and equipment. As the project manager, it would be MOST important to carefully:

1. Review all cost proposals from the sellers.
2. Examine the budget reserves.
3. Complete the project charter.
4. Perform an identification of risks.

Q7. Your new project to outsource work has been going badly. The project deliverables have changed three times, the functional managers keep removing people from the team, and the project schedule baseline has been adjusted four times in the first week. This is MOST likely due to the lack of:

1. A staffing management plan
2. A signed project charter
3. Clear direction from the sponsor
4. A scope management plan

Q8. You are managing a project. An audit team wants to know where they can find information on training plans for the project team members and certification requirements. This are in the:

1. Resource Breakdown Structure
2. Staff Release Plan
3. Resource Management Plan
4. Communications Management Plan

Q9. How would you calculate your EAC if the ETC work is performed at the budgeted rate?

1. EAC = BAC/CPI
2. EAC= BAC-EV
3. EAC = AC + BAC - EV
4. EAC=(BAC-EV)*CPI

Q10. Which of the following processes are usually not performed continuously, but rather, performed periodically as needed:

1. Acquire Resources
2. Monitor Risks
3. Monitor Communications
4. Monitor Stakeholder Engagement