Project Management Question Bank
for Exam preparation

Q2. ___________________ is performed on risks that have been prioritized by the Perform Qualitative Risk Analysis process as potentially and substantially impacting the project's competing demands.

1. Perform Risk Cost Analysis
2. Perform Risk Exposure Analysis
3. Perform Quantitative Risk Analysis
4. Perform Risk Outcome Analysis

Q3. You were asked to prepare a budget for completing a project that was started last year and then shelved for six months. All the following would be included in the project budget EXCEPT:

1. Fixed costs.
2. Sunk costs.
3. Direct costs.
4. Variable costs.

Q4. Based on the chart, what is the float of activity B?

1. 2
2. 3
3. 5
4. 0

Q5. Which of the following and is the BEST method of completing “what if” scenarios to determine what combination of resources and interdependence will produce the best schedule?

1. Critical chain method
2. Monte Carlo
3. Parametric estimating
4. Resource leveling

Q6. Your project team has identified dependencies on six related projects that are providing major deliverables to your project. Some of these projects have a very similar scope and may overlap with your deliverables. In light of this, which of the following processes should you be MOST concerned about?

1. Control Scope
2. Verify Scope
3. Plan Risk Responses
4. Plan Communications.

Q7. You are managing a heavy equipment manufacturing project that involves many mechanical, electrical, and IT staff. Your team prepared a schedule network diagram using duration estimates with dependencies and constraints. Your team also calculated the critical path for the project using late and early values. Today, your project office has indicated to you that some of the resources you had planned for the project will be unavailable. To deal with this, you explore the possibility of modifying the schedule to account for limited resources. What is your best possible step in such a situation?

1. Recalculate critical path after applying the resource constraints
2. Perform Resource Leveling to account for limited resources
3. Use crashing or fast tracking to level resources across the project
4. Apply leads and lags to develop a viable schedule

Q8. The project management team performed activities such as measuring, examining, and verifying to determine whether work and deliverables met requirements and product acceptance criteria. Which of the following choices refers to a different set of activities than the ones just mentioned?

1. Walkthroughs
2. Prevention
3. Inspection
4. Reviews

Q9. As part of earned value management (EVM), a project manager is calculating the to-complete performance index (TCPI) based on EAC. The data he has is as follows: The budget at completion for the project is $100,000. The earned value for the project is $25,000. The actual costs to date are $40,000, and the estimate at completion is $115,000. What is the TCPI that he will get?

1. 1.1
2. 0.9
3. 1
4. 0

Q10. While you are in the execution phase of your project, management informs you that some ISO certified people are coming to your project to see if you’re complying with standards, policies, and procedure. This act is part of which of the following processes?

1. Quality control
2. Manage quality
3. Verify scope
4. Control scope