Project Management Question Bank
for Exam preparation

Q2. All of the following are parts of the Direct and Manage Project Work process EXCEPT:

1. Identifying changes
2. Using a work breakdown structure
3. Implementing corrective actions
4. Setting up a project control system 3

Q3. You are in the middle of a new product development project for your publicly traded company when you discover that the previous project manager made a $3,000,000 payment that was not approved in accordance with your company policies. Luckily, the project cost performance index (CPI) is 1.2. What should you do?

1. Put the payment in an escrow account.
2. Bury the cost in the largest cost center available.
3. Ignore the payment
4. Contact your manager

Q4. Company ABC is evaluating three consulting companies to find a consultant to perform professional services. They request information on how the three consulting companies allocate fringe benefits to their clients. What type of cost is Company ABC asking about?

1. Variable
2. Fixed
3. Direct
4. Indirect.

Q5. A project manager is spending most of the project funding in the current phase of the project. The manager is also managing various resources in the project. What is the stakeholder influence on the project now compared to earlier phases?

1. Cannot be determined
2. More
3. Less
4. Same

Q6. The project charter for a project was approved for planning, and you have just been assigned as project manager. Realizing that project planning is an ongoing effort throughout the project, which processes are you MOST likely to combine?

1. Create WBS and Define Activities
2. Estimate Activity Durations and Develop Schedule
3. Plan Resource Management and Estimate Costs
4. Estimate Costs and Determine Budget

Q7. The WBS is a deliverable-oriented hierarchical decomposition of the work the project team must execute to accomplish the project objectives. This is created as part of:

1. Project Integration Management
2. Project Scope Management
3. Project Procurement Management
4. Project Schedule Management

Q8. During a work breakdown structure meeting, you have decomposed the deliverables into work packages and created your WBS dictionary. However, you now want to decompose the work packages to assist you in estimating, executing, and controlling the project. These decomposed work packages are:

1. Work packages can't be decomposed into smaller units
2. Activities
3. Milestones
4. Control Accounts

Q9. The requirements of many stakeholders were not approved for inclusion in your project. Therefore, you had a difficult time receiving formal approval of the project management plan for this project. The stakeholders argued and held up the project while they held meeting after meeting about their requirements. The project was finally approved and work was begun six months ago. All of the following would be good preventive actions to implement EXCEPT:

1. Keep a file of what requirements were not included in the project.
2. Make sue the change control process is not used as a vehicle to add back the requirements into the project.
3. Maintain an issue log.
4. Hold meetings with the stakeholders to go over the work that will not be added to the project.

Q10. _______________ is the authorized budget for the work scheduled to be completed on an activity or WBS component.

1. Planned Value
2. Earned Value
3. Midpoint cost
4. Interim cost