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Project Management Question Bank
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Question:

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






Q2. Based on the chart that shows activities on the critical path, which activity(s) would you crash to save exactly four weeks?

  1. Activity F
  2. Activities A and E
  3. Activities C and E
  4. Activities A and C
Correct Answer

Q3. One of the project objectives for your company was to acquire additional expertise completing a large scale design project. The project is mostly completed when your client terminates the contract. A change in their business means the work is no longer needed. What is the MOST effective thing to do?

  1. Stop work immediately
  2. Complete the project, but do not charge the client for the time
  3. Tell the client that work will stop after it is completed
  4. Move on to the Close Project or Phase process
Correct Answer

Q4. Your organization has received two projects. One project is to design a call center for the client, and the other is research work in pollution control. How are you going to manage these two projects?

  1. Under project management
  2. Under portfolio management
  3. Under program management
  4. None of the above
Correct Answer

Q5. Control Schedule is part of which Project Management process group?

  1. Monitoring and controlling
  2. Planning
  3. Executing
  4. Initiating
Correct Answer

Q6. A project manager wants to more extensively involve the stakeholders on the project. Which of the following would be the BEST way to accomplish this?

  1. Have the stakeholders periodically review the list of project requirements.
  2. Invite the stakeholders to attend project status meetings.
  3. Send the status report to the stakeholders.
  4. Constantly update the stakeholders on the status of all project changes.
Correct Answer

Q7. Which of the following is not true about the WBS?

  1. The project team must be involved in developing the WBS.
  2. The WBS must represent all product and project work.
  3. WBS should focus on activities rather than deliverables.
  4. WBS is usually represented in a hierarchical fashion.
Correct Answer

Q8. Lesley is managing a software development project for the World Climate Control Organization. Since her team members are dispersed across the globe, she would like to set up online conferences in the next two months to let everyone in her project know what is going on and what their roles are within the project. She wants to use these conferences as team development activities to learn and exchange information in the project. To schedule such activities, which of the following should she use to keep track of the availability of team members?

  1. Project charter
  2. Resource calendars
  3. Responsibility assignment matrix
  4. Project staff assignments
Correct Answer

Q9. A control chart is used to determine whether a process is stable or has predictable performance. When a process is within acceptable limits, the process does not need adjustment. How are these upper and lower control limits determined?

  1. Statistical calculations
  2. Variance analysis
  3. Pareto chart
  4. ROM estimate
Correct Answer

Q10. You have a project with a budget of 100,000 USD. The duration of the project is 20 months, and the work is evenly distributed throughout the duration. After 10 months, you review the project’s progress and you find that 55% of the work is completed and 65,000 USD has been spent. Based on the above information, you come to the conclusion that:

  1. The project is behind schedule
  2. The project is ahead of schedule
  3. The project is under budget
  4. Not enough information
Correct Answer










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