Project Management Question Bank
for Exam preparation

Q2. Based on the chart, what will be the effect on the project if activity C now takes four months?

1. There will be a new critical path
2. The project will take longer
3. There is no change to the critical path
4. Activity B is now on the critical path

Q3. There have been numerous changes on your project. All approved changes are BEST reflected in the:

1. Performance measurement variance
2. Validate Scope process
3. Change control procedures
4. Project management plan

Q4. Two people are arguing about what needs to be done to complete a work package. If the project manager wants to know what is going, she should pay MOST attention to:

1. What is said and when.
2. What is being said, who is saying it and the time of day.
3. Physical mannerisms and what is being said.
4. The pitch and tone of the voices, and physical mannerisms.

Q5. You are reviewing the responses to an RFP your company issued. You realize that a key requirement was not included in the RFP. However, one of the bidders included that requirement in the response. What is the best course of action?

1. Award the contract to that bidder
2. Revise and reissue the RFP
3. Select the bid that included the requirement
4. Cancel the RFP

Q6. What is the difference between expected monetary value and net present value?

1. Expected value is the estimated value of the work actually accomplished and net present value is the value of the work to be done.
2. Expected value is the value it takes to recover your investment and net present value is the value of money.
3. Expected value is the probability times impact of an opportunity and net present value is the benefits less costs over many time periods.
4. Expected value is the estimated value of risk response plans and net present value helps determine the value of investments.

Q7. Earned Schedule (ES) is an extension to the theory and practice of EVM. Earned schedule theory replaces the schedule variance measures used in traditional EVM with ES and actual time (AT). Using the alternate equation for calculating schedule variance:

1. AT – ES
2. EV – PV
3. PV – EV
4. ES – AT

Q8. Monte Carlo analysis is used to:

1. Simulate the order in which activities occur
2. Prove to management that extra staff is needed.
3. Get an indication of the risk involved in the project
4. Estimate an activity’s length

Q9. Tracey is managing an ERP system implementation project. Which of the following tools can help her uncover a number of hidden process requirements during the Collect Requirements process?

1. Observation
2. Questionnaires
3. Surveys
4. Nominal group technique

Q10. You are the project manager of a project whose team has interacted with a number of stakeholders. You believe that in order to have an objective project performance appraisal, you would like to obtain feedback for the project team members from all the people they have worked with, including superiors, peers and subordinates. Project performance appraisals are performed during which of the following processes?

1. Close Project or Phase
2. Acquire Resources
3. Manage Team
4. Develop Team