Project Management Question Bank
for Exam preparation

Q2. If earned value (EV) = 35o, actual cost (AC) = 400, planned value ((PV) = 325, what is the cost variance (CV)?

1. 350
2. -75
3. 400
4. -50

Q3. Which of the following could happen during project executing as a result of fast tracking the project?

1. A problem in a successor activity could affect more activities
2. All successor activities will have more float
3. Subsequent activities will have additional risk
4. Subsequent activities will lose resources 1

Q4. During the executing process group of the project, a team member identifies a new risk. What should occur in light of this identification?

1. Include it in the risk triggers
2. Test its assumptions
3. Add it to the risk management plan
4. Assess this risk.

Q5. All of the following are needed to create the WBS EXCEPT:

1. Organizational process assets
2. Quality measurements
3. Requirements documentations
4. Project scope statement 01

Q6. What should be done with risks on the watch list?

1. Document them for historical use on other projects.
2. Document them, and then revisit them during project monitoring and controlling
3. Document them, and set them aside because they are already covered in your contingency plans
4. Document them, and given to the customer.

Q7. All of the following are inputs to the quality process EXCEPT:

1. Organizational process assets
2. Checklists
3. Quality policy
4. The project scope statement.

Q8. What should you do as a senior project manager if the PMP certification claimed by a recently recruited project manager does not appear in the PMI website?

1. Advise your new recruit to complete his certification
2. Report to the PMI
3. Report to the sponsor
4. Request more information from the new recruit

Q9. The project sponsor has asked you to prepare a summary level description of each phase of the project, and also include a summary of the validation information for the final project deliverables. Which document is the sponsor asking you to prepare?

1. Project charter
2. Project management plan
3. Project final report
4. Project scope statement

Q10. The difference between the cost baseline and the cost budget can be BEST described as:

1. The management reserve.
2. The contingency reserve.
3. The project cost estimate
4. The cost account.