Project Management Question Bank
for Exam preparation

Q2. During the Develop Schedule process, which of the following would BEST provide the basis for the MOST likely activity duration estimate?

1. Labour productivity rates published by a professional association
2. A consultant’s estimate of the overall labour man-hours required.
3. The initial estimate used to budget the project
4. The schedule for a similar project at the same facility completed two years earlier.

Q3. 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

Q4. A project is estimated to cost $50,000 with a timeline of 50 days. After 25 days, the project manager finds that 50 percent of the project is complete and actual costs are $50,000. What is the Cost Performance Index (CPI)?

1. The CPI is 1
2. The CPI is 1.5
3. The CPI is 2
4. The CPI is 0.5

Q5. Which of these precedence relationships is most commonly used in the Precedence Diagramming Method?

1. Finish-to-Start
2. Start-to-Finish
3. Start-to-Start
4. Finish-to-Finish

Q6. You are authorized to approve expenditures above $15,000. For the last several weeks, you have been negotiating the terms and pricing of a contract with a vendor, and you want to keep costs as low as possible. This has been an exceedingly difficult negotiation process. A colleague suggests you tell the vendor you can only approve expenses below $10,000 as a way to keep the price low. What do you do?

1. Ask for binding arbitration
2. Tell the vendor you are only authorized to approve expenses under $10,000
3. Do not follow the colleague‘s advice
4. Put a deadline on the negotiation completion

Q7. While developing your project schedule, you have asked everyone to provide a list of planned vacations over the next three months, and you have applied this information to the tasks that each person is responsible for. What also needs updating?

1. Resource Calendars
2. Leads
3. Schedule Variances
4. Lags

Q8. You are attending a monthly status meeting with your stakeholders. During the discussion with an influential stakeholder, he asks you about a particular deliverable, He would like to know why it is taking so long to deliver and who is responsible for it. To answer his query, you refer a document and call Tom, who was responsible for this deliverable. What document is this?

1. Scope statement
2. Stakeholder register
3. RACI chart
4. Issue log

Q9. You are working on a large construction project that is progressing within the baselines. Resource usage has remained steady, and your boss has just awarded you a prize for your performance. One of your team members returns from a meeting with the customer and tells you that the customer is not happy with the project progress. What is the FIRST thing you should do?

1. Tell your manager
2. Complete a team building exercise and invite the customer’s representatives
3. Change the schedule baseline
4. Meet with the customer to uncover details.

Q10. The formula for Cost Variance is:

1. CV=EV-AC
2. CV=AC-EV
3. CV=BAC-(AC-EV)
4. CV=SV-BC