Project Management Question Bank
for Exam preparation

Q2. A project has had some problems, but now seems under control. In the last few months almost all the reserve has been used up and most of the negative impacts of events that had been predicted have occurred. There are only four activities left and two of them are on critical plan. Management now inform the project manager that it would be in the performing organization’s best interest to finish the project two weeks earlier than scheduled in order to receive an additional profit. In response, the project manager send out a request for proposal for some work that the team was going to do, in the hopes that another company might be able to do the work faster. The project manager can BEST be said to be attempting to work with:

1. Reserve.
2. Opportunities.
3. Scope verification.
4. Threats.

Q3. Complex projects usually demand preparation and distribution of periodic project performance reports. The contents of performance reports are usually determined early and documented in the project communications management plan. Which of the following is least likely to be a section on a work performance report?

1. Analysis of project forecasts
2. Current status of risks and issues
3. Stakeholder engagement strategy
4. Reserve burn down charts

Q4. A responsibility assignment matrix includes which two data points?

1. Resource and time estimate
2. Activity and calendar date
3. Activity and resource
4. Resource and usage each month

Q5. While developing your project schedule, you have asked everyone to provide a list of planned vacations over the next three months, and you have applied this information to the tasks that each person is responsible for. What also needs updating?

1. Resource Calendars
2. Leads
3. Schedule Variances
4. Lags

Q6. 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.

Q7. A project has a team member assigned to the project full time. What is the MOST likely effect on the project if that resource completes her activity sooner than planned?

1. Lower quality deliverables
2. Wasted cost
3. A subsequent activity will be delayed
4. Changes to the risk resource plan

Q8. If you want to compress a project schedule, what are two of the recommended alternatives to consider?

1. Fast Tracking and Schedule Network Analysis
2. Crashing and Fast Tracking
3. Resource Levelling and What-If Scenario Analysis
4. Crashing and Schedule Network Analysis

Q9. All of the following are true statements about parametric estimating EXCEPT:

1. The model is scalable.
2. Estimates are based on input from the team
3. The parameters used in the model are readily quantifiable.
4. Historical information is used in the model 63

Q10. You are designing a motor engine. During the design phase, you find that a technique required to develop the piston is a bit more advanced than the technology you currently possess. Although you can acquire this technology, it is too time consuming. On the other hand, there is a supplier that can provide you with the same component but at a higher cost. You are still discussing the options with your team members. Which technique are you using here?

1. Select seller
2. Source selection criteria
3. Make or buy analysis
4. None of the above