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Project Management Question Bank
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Question:

Which of the following represents the estimated value of the work actually accomplished?
  1. Earned value (EV)
  2. Planned value (PV)
  3. Actual cost (AC)
  4. Cost variance (CV)






Q2. Formal written correspondence with the customer is required when:

  1. Defects are detected.
  2. The customer requests additional work not covered under contract.
  3. The project has a schedule slippage that includes changes to the critical path.
  4. The project has cost overruns.
Correct Answer

Q3. Your project schedule is tight and in danger of falling behind when two team members start disrupting status meetings by arguing with each other. As project manager, what is the BEST thing you can do?

  1. Separate the two until the project is back on track
  2. Tell each team member they will not receive a recommendation from you if they continue arguing
  3. Discuss the problem with the two team members
  4. Meet with both team members and their manager to determine the source of conflict.
Correct Answer

Q4. 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.
Correct Answer

Q5. Project setup costs are an example of:

  1. Variable costs
  2. Fixed costs
  3. Overhead costs
  4. Opportunity costs 14
Correct Answer

Q6. Which of the following is not an example of parametric estimating?

  1. Activity duration estimated based on the number of drawings multiplied by the number of labor hours per drawing.
  2. Activity duration estimated based on the number of labor hours per meter for cable installation.
  3. Activity duration estimated based on the square footage in construction.
  4. Activity duration estimated based on the actual duration of a similar, previous project.
Correct Answer

Q7. Julia is a longtime employee of your organization and is given to you for your new project. She was very good in her previous position but you notice that she is not performing well with the assignment you have given her. After further investigation, you learn that she is lacking skills to complete the job assigned to her. What will your next step be?

  1. Terminate them
  2. Monitor them
  3. Develop a training program for them
  4. Recruit some new member
Correct Answer

Q8. You are working with your customers on completing deliverables in your electronic parts manufacturing project. Since these parts will be exported to other countries, they will need more testing before your customers accept them. In this scenario, which of the following statements about the completed deliverables is correct?

  1. Completed deliverables not accepted by customers must be forwarded to the close project or phase process.
  2. Deliverables formally accepted by customers must be moved to organizational process assets.
  3. Deliverables formally accepted by customers are forwarded to the validate scope process.
  4. Completed deliverables not accepted by customers must require a change request for defect repair.
Correct Answer

Q9. When is it BEST to perform the Close Project or Phase process?

  1. At the beginning of the project with verification throughout the project.
  2. At the end of project planning
  3. During project closure
  4. At the end of each project phase
Correct Answer

Q10. 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
Correct Answer










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