Project Management Question Bank
for Exam preparation

Q2. A change control system should be created:

1. As needed on the project
2. By management
3. As a formal documented procedure
4. By the team 4

Q3. You are reviewing a plan which explains how changes to the product will be initiated, how impacts will be analyzed, and how they will be traced, tracked, and reported, as well as the authorization levels required to approve these changes. What document is this?

1. Monitor and control project work
2. Requirements management plan
3. Control configuration
4. Control change management

Q4. What is another name for the waiting time between two activities?

1. Free float
2. Total float
3. Lag
4. CPM

Q5. When the cost of an activity cannot be estimated with an adequate degree of certainty, the work within the activity can be decomposed. The resource requirements for each lower, more detailed work package can be estimated and aggregated to form a basis for estimating the cost for overarching scheduled activity. What is this type of estimating called?

1. Bottom-up estimating
2. Decomposed estimating
3. Should-cost estimating
4. Three-point estimating

Q6. A project manager wants to more extensively involve the stakeholders on the project. Which of the following would be the BEST way to accomplish this?

1. Have the stakeholders periodically review the list of project requirements.
2. Invite the stakeholders to attend project status meetings.
3. Send the status report to the stakeholders.
4. Constantly update the stakeholders on the status of all project changes.

Q7. Your project is currently scheduled to take 117 months. Based on the chart, you could crash the project by five months at a cost of US $20,000.

1. 55 months
2. 25 months
3. 112 months
4. 117 months 74

Q8. As part of earned value management (EVM), a project manager is calculating the to-complete performance index (TCPI) based on EAC. The data he has is as follows: The budget at completion for the project is $100,000. The earned value for the project is $25,000. The actual costs to date are $40,000, and the estimate at completion is $115,000. What is the TCPI that he will get?

1. 1.1
2. 0.9
3. 1
4. 0

Q9. A team has just gathered information and requirements for a new project that will be completed by an external company. If the project manager is just starting the procurement process, which one of the following should be done LAST?

1. A make-or-buy analysis
2. Seek expert judgment from a variety of resources including industry groups, consultants, and other divisions of her organization
3. Contract type selection including fixed price, unit price, and cost reimbursable contracts
4. Finalize the terms and conditions of the contract.

Q10. Lena is managing the construction of a new office facility for her company. The project is halfway through the execution. The project sponsor has asked Lena to ensure that all key project stakeholders are still committed to the project. How can Lena assess the stakeholders' current engagement levels?

1. By analyzing the most recent issue register
2. By reviewing the Stakeholders Engagement Assessment Matrix last updated during the planning phase of the project
3. By requesting the key stakeholders to submit a signed declaration of commitment
4. By communicating and interacting with the key stakeholders