Project Management Question Bank
for Exam preparation

Q2. If the project's current total earned value (EV) is $100,000 and the actual amount spent (AC) is $95,000, what is the cost variance of the project?

1. The cost variance is $1.05
2. The cost variance is $5,000
3. The cost variance is $0.95
4. The cost variance is $-5,000

Q3. There are a number of risks that have been identified in your project. The team has decided not to change the project plan to deal with the risks, but they have established a contingency reserve of money in the event something triggers these risks. This is an example of what type of risk mitigation technique?

1. Contingent Response Strategy
2. Active acceptance
3. Passive acceptance
4. Avoidance

Q4. You have a US $100,000,000 project that has 34 team members in four different countries. At the completion of project planning, you have identified six risks, 225 work packages, 13 stakeholders and seven phases to the project life cycle. What part of this project management plan needs to be revisited?

1. The Identify Risks process
2. The staffing management plan
3. The network diagram
4. The communications management plan

Q5. Which of the following may help in ensuring that certain bidders in the procurement process do not receive preferential treatment and that all prospective sellers have a clear and common understanding of the procurement?

1. Use of weighted criteria
2. Use of screening techniques
3. Use of bidder conferences
4. Use of expert judgment

Q6. The RACI chart is an example of a responsibility assignment matrix (RAM). The letters R and C in “RACI” stand for:

1. Responsible and consult
2. Resource and consultant
3. Responsible and categorize
4. Resource and consult

Q7. The project manager is working on a high-profile project where completing the project within budget is critical. The project manager is new, but well trained and is excited to see that the project is spending less than budgeted. As a result, the project manager was planning to take a holiday when a more senior project manager warned him that he has some important work to do on the project. Why would the senior project manager give such a warning on this project?

1. The project manager needs to create a project control system to make sure there are no problems in the future.
2. Under budget could mean that work that was scheduled to e done has not been completed. The project manager should look at how the cost performance compares to the schedule performance
3. A project that is under budget may also have contracts that need to be managed.
4. Team meetings should be scheduled every week and a holiday would mean that one team meeting would have to be cancelled.

Q8. You are a project manager of a construction project that is financially challenged and behind schedule. A foreman fails to deliver a deliverable of the project on time as promised. You need to address the issue with the foreman. How should you approach the foreman?

1. You are the project manager responsible for the whole of the project. To ensure you have control, remain firm, and reprimand the foreman and the team to ensure they do not slow down.
2. You disregard the issue, acknowledging that what is done is done and develop a plan for moving forward.
3. You meet with the foreman inquiring about what happened and seek to understand and solve the problem.
4. You reprimand the foreman n private and ask that he keep you better informed in the future.

Q9. No matter how good you are in communicating, information distribution to stakeholders as planned is a challenging task. Many tools and techniques are used during the Manage Communications process except:

1. Project reporting
2. Work performance reports
3. Communication technologies
4. Communication skills

Q10. You are taking over a project and determine the following: Activity B has an early finish (EF) of day 3, a late finish (LF) of day 6, and an early start (ES) of day 2. Activity L is being done by a hard-to-get resource. The cost performance index (CPI) is 1.1 and the schedule performance index (SPI) is 0.8. Based on this information what would you be more concerned about?

1. Float
2. Resources
3. Cost
4. Schedule