Project Management Question Bank
for Exam preparation

Q2. Which of the following BEST describes comparing actual dates with planned dates?

1. Develop Schedule
2. Resource leveling
3. Variance analysis
4. Three-point estimating

Q3. Your project team works in two different buildings across the city. The team has been struggling to perform effectively and has a difficult time resolving problems. What would be the BEST team development technique to resolve this issue?

1. Mediation
2. Rewards
3. Co-location
4. Training

Q4. Management is asking you to provide them with the report on the project’s status and progress. Therefore, you start preparing a report on it. You are preparing a chart where you are using a virtual activity (an aggregation of several activities) showing the summary levels so management can understand it easily. This virtual activity is known as:

1. Milestone
2. Control activity
3. Hammock activity
4. WBS activity

Q5. A seller entered into a contract with a buyer. At the end of the project, the seller was reimbursed for the cost of the project but received a low fee based on certain subjective criteria that were specified in the contract. What type of contract is this likely to be?

1. Cost Plus Fixed Fee (CPFF) contract
2. Fixed Price Incentive Fee (FPIF) contract
3. Cost Plus Incentive Fee (CPIF) contract
4. Cost Plus Award Fee (CPAF) contract

Q6. While completing work, a project team member tells you that a work package has been forgotten in the WBS. What is the BEST thing to do?

1. Wait for a change request to be processed.
2. Include it in the WBS
3. Include it only in the network diagram.
4. Include it in the estimate, but not the activity list.

Q7. You have a team of engineers working on your project. Two of the engineers have frequent disagreements. You ask them to resolve their differences through a discussion. However, that does not yield any results. Subsequently, you intervene, and based on your analysis of the situation, you suggest some changes in the way they work with each other. This still does not yield results, and you find that the project schedule is beginning to suffer. What is your next course of action?

1. Take disciplinary action, if required, since the needs of the project are not being met.
2. Don't do anything. Differences of opinion among the team members are a healthy situation.
3. Speak to the two team members and ask them to resolve their conflict amicably.
4. Ensure that they work in different shifts so that they don't clash with each other.

Q8. During the project executing, a project team member informs the project manager that a work package has not met the quality metric, and that she believes it is not possible to meet it. The project manager meets with all parties concerned to analyze the situation. Which part of the quality management process is the project manager involved in?

1. Manage Quality
2. Project Control
3. Perform Quality Control
4. Plan Quality.

Q9. Rodney is in the process of preparing the project performance report for the team meeting. He is expecting many questions from his stakeholders on the budget and schedule. He calculates the following values: Budget at Completion (BAC) = $22,000, Earned Value (EV) = $13,000, Planned Value (PV) = $14,000, Actual cost (AC) = $15,000. What is the Estimate at Completion (EAC) for the project, if the work is performed at the budgeted rate?

1. $24,000
2. $36,000
3. $22,500
4. $37,000

Q10. In projects where there is a gap between the real business requirements and the stated business requirements, agile methods are extremely helpful. Agile methods provide a solution to this problem by:

1. Completing the project quickly so that gap is significantly reduced.
2. Replacing the project manager with a Scrum master in order to expedite the project.
3. Purposefully building and reviewing prototypes and release versions to refine requirements.
4. Eliminating the documentation altogether from the project management approach.