Project Management Question Bank
for Exam preparation

Q2. You are managing a project with a budget of 500,000 USD, and 250,000 USD has been spent. Upon review, you observe that only 40% of the work has been completed, your schedule says that you should have completed 50% of the work. What will be estimate to complete (ETC)?

1. 625,000 USD
2. 500,000 USD
3. 400,000 USD
4. 375,000 USD

Q3. Due to an improper cost management plan, you are over budget and a new estimate is required to complete the project. Management asks you what the new estimate for the project will be. Which of the following formulas is not used to find this new estimate?

1. BAC / CPI
2. AC + (BAC – PV)
3. AC + (BAC – EV)
4. AC + (BAC – EV) / (CPI * SPI)

Q4. Over the last few weeks, the team has made three changes to the activities on the project. The project manager must be MOST careful to:

1. Record all the changes
2. Provide documentation on all the changes to the sponsor
3. Make sure the changes are reflected in the project scope baseline
4. Prevent more changes from occurring

Q5. Vendor selection, vendor management, and documentation of lessons learned are tasks that fall under this process:

1. Procurement management
2. Deliverable management
3. Conduct Procurements
4. Scope management

Q6. As an external vendor, you are managing a complex software project on a time-and-materials (T&M) contract. One of your team members reports a breakthrough in automating some of the testing activities. This may result in cost savings to the project and completion of the project one month ahead of schedule. Which of the following actions would you take?

1. This is confidential information within your project team and there is no need to share with the customer. The savings will be additional profits on the project.
2. Communicate the current status and inform the customer you will incorporate some additional features to use up the savings in cost and time since it was budgeted.
3. Communicate the current status to the customer and indicate the potential changes to cost and schedule.
4. Communicate the savings in cost and time to the customer. At the end of the project, notify your billing department that they need to prepare an invoice for 50 percent of the cost saved.

Q7. You just sat through an exhausting change control meeting discussing a change in scope to the project you have worked on for the past seven months. After lengthy discussion, the change in scope was approved. As the Project Manager, you should now update all the following documentation, except:

1. Scope Baseline
2. Requirements documentation
3. WBS Dictionary
4. Project charter

Q8. Which of the following is an important input to the Validate Scope process?

1. Validated deliverables
2. Organizational process assets
3. Accepted deliverables
4. Change requests

Q9. Jane is worried about her project because many of her tasks are moving slowly, and two critical tasks may slip. She conducts a thorough resource analysis and finds out that there are five people who will be free next week. She would like to assign those people to finish her tasks early and prevent the project completion date from slipping. This is an example of:

1. Management reserves
2. Resource Leveling
3. Crashing
4. Fast tracking

Q10. The Cost Performance Baseline is a time-phased budget and is used as a basis to measure, monitor, and control overall cost performance of the project. It is usually displayed in the form of:

1. An S-curve
2. An inverted S-curve.
3. Pie-chart
4. A Z curve