Project Management Question Bank
for Exam preparation

Q2. The formula for Cost Variance is:

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

Q3. Erica is managing a kitchen tools manufacturing project, which is intended to produce modern cooking ovens. This project is hugely important for the company as well as for Erica‘s career. Although the project scope statement was well-defined and requirements were gathered from stakeholders in the planning phase, many design change requests have come in from customers during project execution. Which of the following tasks must Erica perform to avoid scope creep caused by uncontrollable changes?

1. Perform validate scope process and process all changes through the plan risk responses process
2. Perform integrated change control process and process all changes through the control quality process
3. Perform scope control and process all changes through the integrated change control process
4. Perform scope control and process all changes through the validate scope process

Q4. A scope change has been approved by the change control board. Which of the following MUST be impacted?

1. The early start date of the activities later in the network diagram
2. The cost of the project
3. The expected monetary value of project risks
4. The number of resources used on the project

Q5. All of the following are examples of Perform Quality Control EXCEPT:

1. Inspection
2. Cost of quality
3. Pareto chart
4. Fishbone diagram

Q6. You are the project manager for GeoThermal Systems. Which of the following must be done FIRST before proceeding with a new project?

1. Create the Project Scope Statement
2. Stakeholder analysis
3. Product analysis
4. Obtain Project Charter approval

Q7. You have been asked to create a graphic display of schedule-related information, listing schedule activities on the left side of the chart, dates on the top, and activity durations as date-placed horizontal bars on the right side. What is such a chart called?

1. PERT chart
2. Gantt chart
3. Hunt chart
4. GERT chart

Q8. Some of your team members do not come to meetings on time. A few other members keep themselves busy with other activities during meetings, and their behavior is not proper. Therefore, to improve the environment what step will you take?

1. Co-locate team members
2. Bring them into the war room
3. Warn them, and if they don’t listen, punish them
4. Implement ground rules

Q9. Management wants to be sure that the project is following defined quality standards. Which of the following should they look at?

1. Risk management plan
2. WBS
3. Statement of work
4. Quality audit

Q10. Identification of new risks, reassessment of old risks, and closing of outdated risks are part of the Monitor Risks process. How often should project risk reassessment be scheduled?

1. It depends on how the project progresses relative to its objectives.
2. Reassessment is necessary at the 50 percent and 75 percent stages of project completion.
3. Reassessment is necessary at the 25 percent, 50 percent, and 75 percent stages of project completion.
4. Reassessment is necessary at the 20 percent, 40 percent, 60 percent and 80 percent stages of project completion.