Project Management Question Bank
for Exam preparation

Project Management- Q2. Your boss is worried about the project schedule. There is a critical deliverable due to the federal government in two weeks. If you miss the deliverable, you could lose the entire contract. To help reduce the boss’s stress you show him the earned value calculations you just completed. They show your cost performance index (CPI) is 1) is US $490 million. Should your boss be comfortable?

1. Yes, your SV is $10 million.
2. No, your CPI is too high
3. He needs more data
4. Yes, your SPI is 1.05.

Project Management- Q3. A summary milestone schedule would normally be part of which document?

1. Project sign-off document
2. Project charter
3. Project requirements document
4. Project scope statement

Project Management- Q4. A heuristic is BEST described as a:

1. Control tool.
2. Scheduling method
3. Planning tool
4. Rule of thumb

Project Management- Q5. A small project with a limited budget is trying to curtail costs. Which of the following processes may be eliminated in such a project?

1. Perform Qualitative Risk Analysis
2. Perform Quantitative Risk Analysis
3. Identify Risks
4. Plan Risk Management

Project Management- Q6. In order to shorten the project duration, you want to look at fast tracking the project. Based on the chart, which activity(s) would you consider fast tracking?

1. Activity B or E
2. Activity C or F
3. Activity H
4. Activity D or I

Project Management- Q7. A project is over budget to date. Which of the following is NOT A REASON this could have occurred?

1. More work than planned was accomplished.
2. There was a cost increase from the supplier
3. Work was delayed.
4. Work was done inefficiently.

Project Management- Q8. The accuracy of Activity Duration estimates can be improved by considering the amount of risk in the original estimate. The three types of estimates on which three-point estimates are based are:

1. Budgetary, ballpark, and Order of Magnitude
2. Best case scenario, expected scenario, and current scenario
3. Most likely, likely, and unlikely
4. Most likely, optimistic, and pessimistic

Project Management- Q9. At which stage in a project should the project manager begin to develop effective stakeholder engagement strategies throughout the project lifecycle?

1. Initiating
2. Executing
3. Planning
4. Monitoring and Controlling

Project Management- Q10. Recommended corrective actions result from which of the following?

1. Cost aggregation
2. Bottom-up estimating
3. Reserve analysis
4. Control costs.