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Project Management Question Bank
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Question:

During the conceptual phase of a pipeline project, the project engineer estimates the following. The cost of the materials is most likely US $100,000, optimistically US $90,000, and pessimistically US $120,000. The cost for labor is most likely US $ 80,000, optimistically US $70,000, and pessimistically US $100,000. The cost for equipment is most likely US $60,000, optimistically US $50,000, and pessimistically US $70,000. The cost for construction management fees is most likely US $30,000, optimistically US $20,000, and pessimistically US $40,000. What is the probability of the project coming in under US $270,000?
  1. Zero
  2. Less than 50 percent
  3. Exactly 50 percent
  4. Over 50 percent






Q2. If the optimistic estimate is 1, the pessimistic is 9, and the mostly estimate is 8, what is the PERT estimate?

  1. 9
  2. 7
  3. 8
  4. 3
Correct Answer

Q3. A project manager is staying in touch with the work of project team members, managing conflicts, and requesting changes to the project management plan. What process is he involved in?

  1. Report Performance
  2. Manage Project Team
  3. Plan Resource Management
  4. Acquire Project team.
Correct Answer

Q4. The critical path method (CPM) calculates the theoretical early start and finish dates and late start and finish dates. The difference between the late and early start of a task is a:

  1. Free float
  2. Feeding buffer
  3. Danger zone
  4. Total float
Correct Answer

Q5. What is the primary risk when including reserves, or contingency allowances, in your cost estimate?

  1. Cancelling your project
  2. Understating the cost estimate
  3. Overstating the cost estimate
  4. Tracking the funds
Correct Answer

Q6. Based on the chart, what activities must be completed before activity H can start?

  1. Activity B and activity E
  2. Activity A, activity D, and activity G
  3. Activity B, activity C, and activity E
  4. Activity C and activity E
Correct Answer

Q7. Which of the following BEST describes what a project charter may be used for when the work is being completed?

  1. To make sure all the team members are rewarded
  2. To help determine if a scope change should be approved
  3. To assess the effectiveness of the change control system
  4. To make sure that all the documentation on the project is completed
Correct Answer

Q8. As project progress is tracked according to the project management plan, the project manager discovers that final deliverables will be completed two months after the deliverable dates imposed by management. What should the project manager do?

  1. Look for options with stakeholders using some combination of scaling back work, re-evaluating discretionary dependencies, and adding resources
  2. Evaluate the impact on the company of completing this project late.
  3. Drive the project team to work faster to make up for lost time
  4. Recalculate the project schedule and distribute it according to the communications management plan
Correct Answer

Q9. The complexity of the information flow in any project depends upon the complexity of the project itself. Information flows through various channels in complex projects. The project management team is responsible for gathering, compiling, analyzing, and reporting this information. Which of the following processes finally releases the project information to the project stakeholders?

  1. Plan Communications Management
  2. Monitor Communications
  3. Manage Communications
  4. Manage Stakeholder Engagement
Correct Answer

Q10. A project manager takes over an existing project, only to find that there are no quality standards. What part of the quality process should the project manager be in?

  1. Plan Quality
  2. Manage Quality
  3. Quality analysis
  4. Perform Quality Control
Correct Answer








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