Project Management Question Bank
for Exam preparation

Q2. Which of the following is true of the Estimate Activity Durations process?

1. Estimates should always indicate the range of possible results
2. Estimates should be made by resource managers in order to increase the accuracy of the estimates.
3. Historical information is too old to use in estimating
4. Critical paths should be taken into account when an activity is first estimated.

Q3. Testing the entire population:

1. Take too long.
2. Provide more information than wanted.
3. Be mutually exclusive.
4. Show many defects.

Q4. You are in a process which helps you evaluate the effectiveness of the risk process throughout the project. Which of the following documents will not be updated here?

1. Assumption log
2. Issue log
3. Risk report
4. Change log

Q5. The acceptable range of variation of a process is the ________ on a control chart.

1. Mean
2. Specification limit
3. Rule of seven
4. Upper and lower control limit.

Q6. You have signed a multi-year contract with a customer to complete a project for a fixed price. Since the duration of the contract is long, you have added a provision to adjust the price of the contract according to the market inflation. What kind of contract is this?

1. FPIF
2. FP-EPA
3. Time and material
4. CPIF

Q7. All of the following should be done by the project manager during the project monitoring and controlling process group EXCEPT:

1. Determine that a change has occurred
2. Ensure that a change is beneficial
3. Make sure all changes are approved by management
4. Manage changes as they occur.

Q8. You are in charge of constructing the Ferris wheel in each town a carnival visits. However, this is something you have never done before, and you are getting different opinions from others on how long it takes. Joe is new and has given you what you believe to be an optimistic estimate of three hours; Bill says it will take 10 hours, which seems too long to you and quite pessimistic. Last, Margie, who is the most experienced at this task, is telling you it will take eight hours. You are not sure whom to believe, so you decide to do three-point estimation (based on beta distribution). Based on this, how many hours will it take you to assemble the Ferris wheel?

1. 7.5 hours
2. 8 hours
3. 21 hours
4. 7 hours

Q9. Your project is running late and you are over budget. You review the situation and find that it would be difficult for you to complete the project with the given budget. You inform management and they ask you to come up with a new budget. After estimating the new cost, you inform management that you may need 10,000 USD more to complete the project. This is an example of:

1. Forecast analysis
2. Status report
3. Change request
4. Progress report

Q10. A scope change is made on the project. You have determined the effect on the schedule, performed integrated change control, and adjusted the project baselines and the project management plan. What is the NEXT thing to do?

1. Look for impacts to cost
2. Notify stakeholders affected by the change.
3. Submit the change to the change control board for approval
4. Change the work breakdown structure.