Project Management Question Bank
for Exam preparation

Q2. A project has had some problems, but now seems under control. In the last few months almost all the reserve has been used up and most of the negative impacts of events that had been predicted have occurred. There are only four activities left and two of them are on critical plan. Management now inform the project manager that it would be in the performing organization’s best interest to finish the project two weeks earlier than scheduled in order to receive an additional profit. In response, the project manager send out a request for proposal for some work that the team was going to do, in the hopes that another company might be able to do the work faster. The project manager can BEST be said to be attempting to work with:

1. Reserve.
2. Opportunities.
3. Scope verification.
4. Threats.

Q3. A project is estimated to cost $50,000 with a timeline of 50 days. After 25 days, the project manager finds that 50 percent of the project is complete and actual costs are $50,000. What is the Cost Performance Index (CPI)?

1. The CPI is 1
2. The CPI is 1.5
3. The CPI is 2
4. The CPI is 0.5

Q4. What is present value (PV)

1. Value of assets that a company owns
2. Today’s value of future cash flows
3. Future value of money on hand today
4. Current value of today’s assets adjusted for inflation 9

Q5. As a project manager, you are in the process of preparing the project schedule for the project. Which of the following accurately depicts the sequence of your activities before you began to prepare the project schedule?

1. Sequence Activities, Estimate Activity Durations, Develop Schedule
2. Sequence Activities, Estimate Activity Durations, Define Activities
3. Estimate Activity Durations, Sequence Activities, Develop Schedule
4. Define Activities, Estimate Activity Durations, Sequence Activities

Q6. Your drug manufacturing project requires the synthesis of many pharmaceutical chemicals to produce an active ingredient for a drug. You are managing a contractor to supply all these chemicals. Recent quality testing of the drugs raised concerns over the quality of the chemicals supplied by the contractor. Which of the following must be your first action to ensure that the contractor is meeting all contractual obligations?

1. Escalate this issue to the sponsor and submit all drug testing reports
2. Reject all poor quality drugs and penalize the contractor
3. Convene a meeting with stakeholders and communicate the findings
4. Carry out audits and inspections to verify compliance in the seller's deliverables

Q7. A project manager is working with quality professionals in the Manage Quality process of the project. Which of the following activities is being performed?

1. Perform Quality Control
2. Determining if the right processes are being used
3. Determining what processes should be used.
4. Evaluating quality against the processes

Q8. The role of each stakeholder is determined by:

1. The stakeholder and the sponsor
2. The project manager and the sponsor
3. The team and the project manager
4. The project manager and the stakeholder.

Q9. Quality is achieved when:

1. The requirements have been met
2. Customer expectations have been exceeded
3. The customer indicates acceptance of the product or service
4. The customer stops asking for additional features

Q10. In complex and high value projects, which of the following activities will typically be performed by a business analyst prior to the project initiation?

1. Define project scope and develop WBS
2. Finalize the project scope statement and the WBS dictionary
3. Establish the project’s scope baseline
4. Determine problems, identify business needs and viable solutions