Project Management Question Bank
for Exam preparation

Q2. For question number 344, determine the estimate at completion assuming the future cost performance is same as the past cost performance.

1. 110,000 USD
2. 85,000 USD
3. 909,09 USD
4. 117,647 USD

Q3. What does “resource leveling” mean in project management?

1. Shortening the time it takes to complete the project
2. Making the most efficient use of the available resources
3. Hiring contractors to fill in during “peak” times on the project schedule
4. Reducing the project costs

Q4. Which of the following includes all of the relationships represented on an activity-on-node diagram?

1. Finish-to-start
2. Finish-to-finish
3. Finish-to-start, start-to-finish, finish-to-finish, start-to-start
4. Start-to-start, start-to-finish 36

Q5. A project team budgeted US $3,000 for the work performed and has spent US $4,000, to date. If they budgeted US $5,000 for the work scheduled, what is the cost variance (CV)?

1. ($1,000)
2. $2,000
3. $1,000
4. ($2,000)

Q6. Performance reports are produced during the Control Procurements process by evaluating work performance data against the agreement requirements. Which of the following is the prime objective of producing such reports?

1. Performance reporting is a good project management practice and must be carried out on all projects.
2. Performance reports are produced so they can be added to lessons-learned database, and the future project might benefit.
3. Performance reports document the analysis of the project manager and does not require supplier’s participation.
4. Providing management with information about how effectively the seller is achieving the contractual objectives.

Q7. The project manager had to request a change in the approved project budget because the WBS did not contain some work that needed to be done. Which of the following is the BEST thing to do as a result of this situation?

1. Redo the WBS and look for more missing scope.
2. Ask for a time extension
3. Redo the change control system
4. Recalculate the project scope variance

Q8. The MOST common source of conflict on projects is:

1. Personality
2. Cost
3. Priorities
4. Schedules

Q9. As a project manager, you are analyzing the costs incurred in a project. Which of the following costs cannot be classified under cost of nonconformance?

1. Quality Assurance Costs
2. Warranty costs
3. Costs due to loss of reputation
4. Rework costs

Q10. During a project team meeting, a team member suggests an enhancement to the scope that is beyond the scope of the project charter. The project manager points out that the team needs to concentrate on completing all the work and only the work required. This is an example of:

1. Change management process
2. Scope management
3. Quality analysis
4. Scope decomposition 12