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Project Management Question Bank
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Question:

Rodney is in the process of preparing the project performance report for the team meeting. He is expecting many questions from his stakeholders on the budget and schedule. He calculates the following values: Budget at Completion (BAC) = $22,000, Earned Value (EV) = $13,000, Planned Value (PV) = $14,000, Actual cost (AC) = $15,000. What is the Estimate at Completion (EAC) for the project, if the work is performed at the budgeted rate?
  1. $24,000
  2. $36,000
  3. $22,500
  4. $37,000






Q2. The customer wants to expand the project scope after the project performance measurement baselines have been established. The customer will need to follow which procedures?

  1. Scope control
  2. Integrated change control
  3. Integrated management
  4. Document control
Correct Answer

Q3. Your project is behind schedule and over budget, and the actual cost is on its way to being higher than the target cost. You and the client both are worried about the project’s progress and there is a high probability that the point of total assumption will be crossed. Which of the following assumptions is true about the point of total assumption?

  1. Above PTA, you will bear the cost
  2. Above PTA, the client will bear the cost
  3. Above PTA, the cost will be equally shared
  4. Above PTA, the cost will be shared by a set ratio
Correct Answer

Q4. A project manager is trying to manage a complex project at a 6 sigma level with 5 people. The project manager decides to use a trend report because it will help him:

  1. Evaluate earned value.
  2. Examine project results over time
  3. Analyze the level of project complexity.
  4. Determine the level of quality.
Correct Answer

Q5. Because of the huge size of your project, you have divided it into several phases. After completing each phase, you hand it over to the client and then move on to the next phase. Which process ensures that the previous phase has met all of its requirements so you can move on to the next phase?

  1. Close procurement
  2. Validate scope
  3. Control scope
  4. Control quality
Correct Answer

Q6. The performance reports produced during the Control Procurements process are then provided to which project management process for further processing?

  1. Monitor & Control Project Work in the form of work performance information
  2. Direct & Manage Project Work in the form of work performance data
  3. Perform Integrated Change Control in the form of a change request
  4. Performance report is not an output of the Control Procurement process
Correct Answer

Q7. Monitoring cost expended to date in order to detect variances from the plan occurs during:

  1. The creation of the cost change control system.
  2. Recommending corrective actions
  3. Updating the cost baseline
  4. Project performance reviews
Correct Answer

Q8. Interpersonal skills are important for a project manager as they help him or her to manage stakeholders properly. Which of the following is not an interpersonal skill?

  1. Communication style assessment
  2. Political awareness
  3. Work environment
  4. Cultural awareness
Correct Answer

Q9. During a cost performance review with certain senior officers from the finance department, you discover there are certain inconsistencies in the way cost performance reporting is done, and you obtain data that shows these officers are deliberately misleading senior management. What should you do?

  1. Write an anonymous letter to senior management about these activities.
  2. Bring this to the notice of senior management even though there are no formal policies in place for whistleblowers.
  3. Do nothing but make sure that the data for your project is clean.
  4. Do nothing. The corrupt behavior of the finance department officials has nothing to do with your project.
Correct Answer

Q10. The cost estimates for a project are in the range of +/- 5 %. What phase is the project likely to be in?

  1. Closing phase
  2. Preliminary phase
  3. Initial phase
  4. Intermediate phase
Correct Answer










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