Project Management Question Bank
for Exam preparation

Q2. A project manager is managing a research project. Typically, research projects are not clearly defined and involve a lot of uncertainty. The project has four phases in which a phase can only start when its previous phase is complete. What project lifecycle and phase-to-phase relationship should the project manager use for this project?

1. Predictive lifecycle with sequential phase to phase relationship
2. Iterative lifecycle with sequential phase to phase relationship
3. Predictive lifecycle with overlapping phase to phase relationship
4. Iterative lifecycle with overlapping phase to phase relationship

Q3. Joe is attempting to calculate the probable financial impact of some future uncertain scenarios. What method could he use?

1. Pareto analysis
2. Earned value analysis
3. Variance analysis
4. Expected monetary value analysis

Q4. A project manager has just started planning his project. If he has only limited information about the project, he should use the following technique to estimate the duration for each activity using historical data from a similar project:

1. Four-point estimating
2. Three-point estimating
3. Analogous estimating
4. Parametric estimating

Q5. During project executing, a new project manager is assigned to the project and finds that the activity cost estimates for the project have rarely been accurate. Which of the following was MOST probably not done?

1. Obtain a cost constraint from management, create a work breakdown structure, and develop a project management plan.
2. Obtain a cost constraint from management, perform a risk assessment, and form a team.
3. Form a team, create a work breakdown structure, and use historical records from previous projects.
4. Form a team, develop a project management plan, and perform a risk assessment.

Q6. You are tracking your project using earned value management (EVM), and find you are behind schedule but under budget. Your variances show schedule variance (SV) = US $50 million, cost variance (CV) =$100 million, and your actual costs are US $500 million. What are the CPI, PV, and SPI?

1. 1.20, $100 million, 0.92
2. 0.92, $550 million, 1.20
3. 0.92, $650 million, 1.08
4. 1.20, $650 million, 0.92

Q7. Which of the following is NOT included in a schedule change control system?

1. Approval levels necessary for authorizing changes
2. Tracking systems
3. Paperwork necessary for making changes
4. Limitations on the scope of changes

Q8. Which of the following quality control tools and techniques may not be used for root cause analysis?

1. Fishbone diagram
2. Scatter diagram
3. Ishikawa diagram
4. Cause-and-effect diagram

Q9. Analogous Cost Estimating is which of the following?

1. Uses statistical relationship between historical data and other variables
2. Generally less accurate
3. Bottom-up estimating
4. Generally accurate

Q10. The most effective method of resolving conflict or other issues with stakeholders is _________.

1. Ignore
2. Arbitrate
3. Collaborate
4. Avoid