Project Management Question Bank
for Exam preparation

Q2. You provide a project cost estimate for the project to the project sponsor. He is unhappy with the estimate because he thinks the price should be lower. He asks you to cut 15 percent off the project estimate. What should you do?

1. Start the project and constantly look for cost savings
2. Tell the team members to cut 15 percent from their estimates
3. Inform the sponsor of the activities to be cut
4. Add additional resources with low hourly rates.

Q3. Which of these precedence relationships is most commonly used in the Precedence Diagramming Method?

1. Finish-to-Start
2. Start-to-Finish
3. Start-to-Start
4. Finish-to-Finish

Q4. All of the following are tools for of the Determine Budget process EXCEPT:

1. Aggregation
2. Reserve analysis
3. Funding limit reconciliation
4. Bottom-up estimating

Q5. 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.

Q6. During the course of the project, the project management team developed a forecast for the estimate at completion (EAC) based on the project performance. Which of the following statements about EAC is correct?

1. The EAC forecast based on the Bottom-up estimate to complete (ETC) requires a new estimate.
2. The EAC forecast is best estimated using the estimate to complete (ETC) work performed considering both SPI and CPI factors.
3. The EAC forecast is best estimated using the estimate to complete (ETC) work performed at the present CPI.
4. The EAC forecast is best estimated using the estimate to complete (ETC) work performed at the budgeted rate.

Q7. As a project manager, you are analyzing the costs incurred in a project. Which of the following costs cannot be classified under cost of nonconformance?

1. Quality Assurance Costs
2. Warranty costs
3. Costs due to loss of reputation
4. Rework costs

Q8. 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

Q9. The Risk Register contains details of all identified risks and their current status. It is a document containing the results of:

1. Plan Risk Responses
2. Identify Risks
3. Monitor Risks
4. Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, and Plan Risk Responses

Q10. Which of the following roles in a project is most likely to be involved in negotiations on procurements during the Conduct Procurements phase?

1. Procurement administrator
2. Project coordinator
3. Project manager
4. Project sponsor