Project Management Question Bank
for Exam preparation

Q2. You are managing a project with a budget of 500,000 USD, and 250,000 USD has been spent. Upon review, you observe that only 40% of the work has been completed, your schedule says that you should have completed 50% of the work. What will be estimate to complete (ETC)?

1. 625,000 USD
2. 500,000 USD
3. 400,000 USD
4. 375,000 USD

Q3. A project manager is quantifying risk for her project. Several of her experts are offsite, but wish to be included. How can this be done?

1. Use Monte Carlo analysis using the Internet as a tool
2. Apply the critical path method
3. Determine options for recommended corrective action
4. Apply the Delphi technique.

Q4. A project manager is using weighted average duration estimates to perform schedule network analysis. Which type of mathematical analysis is being used?

1. Critical path method
2. PERT
3. Monte Carlo
4. Resource leveling

Q5. Halfway through the project, the client considers cancelling the remaining work and the contract. It would be BEST to look at which of the following to determine the purpose for the project?

1. The project description and need in the project charter
2. The WBS dictionary to verify that the scope is correct
3. The risk response plan to evaluate alternatives
4. The chart of accounts to determine the estimate at completion

Q6. The project CPI is 1.02, the benefit cost ratio is 1.7 and the latest round of performance reviews identified few needed adjustments. The project team was co-located into a new building when the project started. Everyone commented on how excited they were to have all new facilities. The sponsor is providing adequate support for the project and few unidentified risks have occurred In an attempt to improve performance, the project manager spends part of the project budget on new chairs for the team members and adds the term “senior” to each team member’s job title. Which of the following is the MOST correct thing that can be said of this project or the project manager?

1. The project manager has misunderstood Herzberg’s theory
2. The project is slowly spending more money than it should. The project manager should begin to watch cost more carefully
3. The performance review should be handled better to find more adjustments
4. The project manager should use good judgment to determine which variances are important.

Q7. An experienced project manager was assigned a project of small scope. Which of the following could be true of the project?

1. Defining Activities, sequencing activities, estimating activity durations, and developing the schedule could be viewed as a single process.
2. Estimating activity durations may be skipped for the project.
3. Developing and Controlling the schedule could be viewed as a single process.
4. Defining Activities, estimating activity durations, developing the schedule, and controlling the schedule could be viewed as a single process.

Q8. What is the purpose of a decision tree?

1. It determines what events may take place
2. It demonstrates the path of events in a project.
3. It calculates the probability of an outcome
4. It takes into account future events for today’s choices

Q9. Quality is achieved when:

1. The requirements have been met
2. Customer expectations have been exceeded
3. The customer indicates acceptance of the product or service
4. The customer stops asking for additional features

Q10. You are working as a project manager for a high-yield crop development project. Data from the weather agency shows an unfavorable weather pattern for the next few months. As a senior project manager, you want to assess the schedule’s feasibility under adverse conditions and provide some insights to your team. That way, your team can prepare some reserves and plan risk responses if unfavorable conditions exist during execution. Which of the following techniques should you use to simulate risks and other sources of uncertainty to calculate possible schedule outcomes?

1. Pareto charts
2. Variance analysis
3. Crashing
4. Monte Carlo analysis