Project Management Question Bank
for Exam preparation

Q2. Due to improper cost planning, your cost performance is not as planned and you are over budget. Therefore, you again estimate the cost of the project and find that you will require more money to complete the project. This will require an update of the cost baseline. What will you do?

1. Update the cost baseline
2. Raise the change request to update the cost baseline
3. Update the cost baseline and inform management
4. None of the above

Q3. Project performance measurements assess the magnitude of variation from the original cost baseline. Once the degree of cost variation is known, what step is performed next?

1. Audit the project team
2. Upgrade the configuration management database with new controls.
3. Replanning
4. Perform root cause analysis of the variance’s cause relative to the cost baseline

Q4. Which of the following statements is correct?

1. A collection of unrelated programs can constitute a portfolio.
2. The scope of a portfolio is typically smaller than that of a program.
3. A program is a group of unrelated projects.
4. A program need not consist of projects.

Q5. _______________ is the authorized budget for the work scheduled to be completed on an activity or WBS component.

1. Planned Value
2. Earned Value
3. Midpoint cost
4. Interim cost

Q6. Conflict management is a tool and technique of which of the following processes?

1. Control Procurements
2. Identify Stakeholders
3. Close Project or Phase
4. Manage Team

Q7. Midway through the Collect Requirements process, a project manager finds there are many unresolved issues regarding product requirements. Which of the following is usually the best way to discover and resolve issues?

1. Interviewing
2. Use of a stakeholder register
3. Questionnaires
4. Workshops

Q8. During the planning phase of your project, your team decided to procure a certain brand of hardware because it had the lowest price and came with free shipping and installation. This approach saved $6,000 over the other brands. Since that purchase, however, you discovered the annual maintenance costs for this hardware are $2,500 per year, and $12,500 over the life of the hardware. These costs were not budgeted in the project, nor were they included in the Total Cost of Ownership (TCO) analysis that was part of the project business case. What should you do?

1. Request a new budget
2. Notify the stakeholders immediately
3. Revise the business case
4. Do nothing. This will not affect the project budget

Q9. You are building a mile-long bridge on a T&M contract. During the excavation activity, you learned some telephone cables are crossing the alignment where you have to construct the bridge. You need to relocate these telephone cables, but there is no provision of such an activity in the contract. Further, the relocation of the cables is a costly task, and you need to do a lot of government paperwork, as well. You requested an amendment in the contract, but the buyer rejected it. Despite many efforts, you both could not resolve this issue. What should you do next?

1. Terminate the contract following the termination procedures mentioned in the contract.
2. File a judicial petition in accordance with the state’s law.
3. Seek arbitration following the ADR procedures in the contract.
4. Relocate the cables at your own expense since the contract does not cover this activity.

Q10. During the completion of the project work, a project manager wants to ensure that the quality of the end product is acceptable. The BEST way to do this is by:

1. Checking quality against the standards set in the quality management plan
2. Identifying the quality standards you want the end product to meet
3. Performing cost-benefit analysis
4. Determining the cause of a problem using a fishbone diagram.