Project Management Question Bank
for Exam preparation

Q2. As part of the procurement process, the procuring organization elected to have an estimate of costs prepared by an outside professional estimator. The estimator came up with an estimate of $500,000. However, the cost estimates prepared by prospective sellers were in the range of $200,000. How can this be best interpreted?

1. The procurement statement of work was deficient and ambiguous.
2. The professional estimator has inflated the estimate of costs.
3. The prospective sellers do not have the required skills to do the project.
4. Prospective sellers are trying to underbid and win the project.

Q3. A project is contracted on a Cost-Plus-Fixed-Fee (CPFF) basis. The targeted cost is US$200,000 with a fee of US$30,000. If the project comes in at US$170,000, what would be the total cost of the contract?

1. US$ 195,500
2. US$230,000
3. US$ 200,000
4. US$170,000

Q4. Using the chart, the person completing activity G tells you that a few unidentified risks have occurred and the duration of the activity will now be 10 months. What is the effect on the project?

1. The critical path changes
2. There are two critical paths
3. There is no effect on the critical path
4. There is less chance of completing the project on time.

Q5. You have been producing ball bearings in large numbers. For this kind of process, what technique will you use to verify if the products are of the right quality?

1. Inspection of all products
2. Statistical sampling
3. Inspection of the first three samples
4. Inspection of the last three samples

Q6. A project manager completed the work package estimating process and then performed a Monte Carlo analysis to determine the amount of risk reserve needed on the project. Why is this incorrect?

1. The risks per work package have not been identified
2. The critical path was not calculated
3. The network diagram was not used
4. The schedule was not developed.

Q7. Approved corrective action is an input to which of the following processes?

1. Validate Scope
2. Direct and Manage Project Work
3. Develop Project Charter
4. Develop Schedule

Q8. The client has requested a change in a deliverable which you have processed through a change request and it is approved. Now, you are in the process of implementing this change into the project. In which of the following processes do you implement the approved change?

1. Monitor and control project work
2. Direct and manage project work
3. Perform integrated change control
4. Control scope

Q9. A project has gone out of control, and the project manager is trying to bring it back under control. There have been a number of changes to the project scope. Some of these changes resulted in further changes, causing project cost to spiral upward and causing the project to go out of schedule. This is known as:

1. Scope creep
2. Scope jump
3. Project creep
4. Scope control

Q10. James is managing a shopping mall construction project. During the project execution, he learns the project communications management plan is not effective and requires a major update. Which of the following processes will issue a change request for the required update?

1. Plan Communications Management
2. Manage Communications
3. Perform Integrated Change Control
4. Monitor Communications