Project Management Question Bank
for Exam preparation

Q2. An estimate that is +/-50 percent of actual is considered a:

1. Budget estimate
2. Rough order of magnitude estimate
3. Definitive estimate
4. Parametric estimate.

Q3. Which motivational theory uses the concepts of esteem and selfactualization?

1. Maslow
2. Deming
3. McGregor
4. Herzberg

Q4. The project has been going well when one of the suppliers informs you that, as they warned you during project planning, they will deliver your equipment two days late. At the same time, you get a call from a team member informing you that the critical path activity she is working on will take longer to complete than planned. What is the BEST thing to do?

1. Use a contingency reserve for the first, and find out how much later the activity will be
2. Ask for a change order for each
3. Have both reviewed with the change control board
4. Find out why the activity was late 8

Q5. ________ refers to non-random data points that are grouped together on one side of the mean of a control chart.

1. Specification limits
2. Lower control limit
3. Rule of seven
4. 6 sigma

Q6. If you are creating a new WBS for your project, what should you do to save time during the creation process?

1. Delegate the WBS creation since it is not an important process.
2. Skip the WBS process.
3. Use a previous WBS from a similar project as a template.
4. Create a less detailed WBS.

Q7. Fill in the blank. _______________ indicates that planning and documentation are iterative or ongoing activities.

1. Progressive management
2. Iterative elaboration
3. Waterfall development
4. Progressive elaboration

Q8. You are reviewing the response to an RFP issued by your company for a project that will last a year and exceed US$5 million. Three vendors have been shortlisted. The first, Nosteltec, Inc., is a relatively new company in this industry. It has assembled a team of industry experts with vast industry experience and qualifications. The second company, Xen Contractor, has been in business for 20 years. You and your company have a long and positive history working with this vendor. The third company is SonoNet LLC. It has been in business for 10 years and has a reputation for extensive expertise and superior delivery. They are also well-known for being one of the more expensive providers in the market. You have many relationships with the Xen Contractor staff, which you established during prior procurement contracts with this company. As a result, a project manager from Xen Contractor, with whom you are friendly both personally and professionally, calls you for clarification on a point

1. Clarify via email
2. Clarify via phone call
3. Advise the vendor that the RFP is self-explanatory
4. Send the clarification to all three vendors

Q9. As part of earned value management (EVM), a project manager is calculating the to-complete performance index (TCPI) based on EAC. The data he has is as follows: The budget at completion for the project is $100,000. The earned value for the project is $25,000. The actual costs to date are $40,000, and the estimate at completion is $115,000. What is the TCPI that he will get?

1. 1.1
2. 0.9
3. 1
4. 0

Q10. You are the project manager for a large installation project when you realize there are over 200 potential stakeholders on the project. Which of the following would be the BEST course of action for you to take?

1. Eliminate some stakeholders.
2. Find an effective way to gather the needs of all stakeholders.
3. Contact your manager, and ask which stakeholders are most important.
4. Gather the needs of all the most influential stakeholders.