Project Management Question Bank
for Exam preparation

Q2. Earned Schedule (ES) is an extension to the theory and practice of EVM. Earned schedule theory replaces the schedule variance measures used in traditional EVM with ES and actual time (AT). Using the alternate equation for calculating schedule variance:

1. AT – ES
2. EV – PV
3. PV – EV
4. ES – AT

Q3. The project team has created a plan for how they will implement the quality policy. It addresses the organizational structure, responsibilities, procedures, and other information about plans for quality. If this changes during the project, WHICH of the following plans will also change?

1. Quality assurance.
2. Quality management
3. Project management
4. Quality control.

Q4. Which of these is a valid negative risk response?

1. Exploit
2. Mitigate
3. Enhance
4. Share

Q5. Which of the following actions decreases the risk of the project failing to meet its goals and objectives?

1. Discouraging changes to the initial project scope
2. Acquiring more than required resources
3. Active management of stakeholders
4. Fast-tacking the project schedule to finish the project before deadline

Q6. You are a project manager creating the final project report. Which information would you NOT include in this report?

1. Scope objectives
2. Lessons learned from previous similar projects
3. Risk summaries
4. Cost objectives

Q7. Which parts of the risk management process do not generally use organizational process assets as an input?

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

Q8. If Project A has a net present value (NPV) of US $30,000 and project B has an NPV of US $50,000, what is the opportunity cost if project B is selected?

1. $23,000
2. $30,000
3. $20,000
4. $50,000

Q9. Long hours to meet a looming deadline and immense pressure for success from management are causing a decline in team morale. There are occasional conflicts between team members over priorities and resources. How should these non-disruptive conflicts be handled?

1. Use of disciplinary actions
2. Using a private, direct, and collaborative approach first
3. Escalation to senior management
4. Arbitration

Q10. A project manager needs to determine if the manufacturing process planned for the new micro-satellites will meet quality standards. Each satellite takes about three days to manufacture and costs US $125,000. The satellites are so small that inspection would destroy them. Under these circumstances, what should the project manager do?

1. Outsource the inspection to another company with more expertise.
2. Evaluate the attributes of the population.
3. Inspect a sample of the satellites.
4. Decrease the cost of quality.