Project Management Question Bank
for Exam preparation

Q2. A project manager has increased project costs by US $100,000, but completed the project four weeks earlier than planned. What activity is BEST described here?

1. Resource leveling
2. Schedule compression
3. Critical chain
4. Adjusting leads and lags

Q3. Which of the following processes will determine the correctness of deliverables?

1. Plan Deliverables
2. Plan Quality Management
3. Control Quality
4. Manage Quality

Q4. Which of the following is NOT needed in order to come up with a project estimate?

1. A WBS
2. A network diagram
3. Risks
4. A change control system

Q5. The Conduct Procurements process receives bids or proposals and applies criteria to select one or more sellers who are both qualified and acceptable as a seller. Which of the following techniques is not a valid technique for this process?

1. Make-or-buy analysis
2. Proposal Evaluation Techniques
3. Advertising
4. Bidder Conference

Q6. While completing the Plan Resource process on your project, you visited the functional manger of engineering many times, but she refused to supply resources for the project. First, the excuse was that her department was too busy; next, the department was undergoing reorganization. This is causing your project to slip the schedule. Which of the following is the MOST probable reason for her lack of support?

1. The priority of the project has increased
2. The project does not have a project charter and the functional manager was not involved in approving the project management plan
3. The project schedule network diagram was not time-phased.
4. The WBS did not include all resources needed on the project.

Q7. The formula for Cost Variance is:

1. CV=EV-AC
2. CV=AC-EV
3. CV=BAC-(AC-EV)
4. CV=SV-BC

Q8. A project manager has received activity duration estimates from his team. Which of the following does he need in order to complete the Develop Schedule process?

1. Change requests
2. Schedule change control
3. Recommend corrective actions
4. Reserves

Q9. Which of the following tools helps you to determine whether the subcontractor’s work is meeting the quality requirements?

1. Quality control
2. Quality audit
3. Inspection of deliverables
4. Delphi technique

Q10. Velvet is working for a chemical industry, and her management proposed two different projects to manufacture benzene for commercial use. After doing financial analysis, the financial advisor provided her with the following statistics about the projects: Project 1: 60 percent probability of success with a profit of $500,000 and 20 percent probability of failure with a loss of $200,000. Project 2: 30 percent probability of success with a profit of $300,000 and 30 percent probability of failure with a loss of $400,000. Based on the information above, Velvet should choose:

1. Either project 1 or project 2
2. Neither project 1 nor project 2
3. Project 2
4. Project 1