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Project Management Question Bank
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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)

Q2. All of the following are true statements about parametric estimating EXCEPT:

  1. The model is scalable.
  2. Estimates are based on input from the team
  3. The parameters used in the model are readily quantifiable.
  4. Historical information is used in the model 63
Correct Answer

Q3. A scope change has been suggested by one o the stakeholders on the project. After careful consideration and a lot of arguing, the change control board has decided to reject the change. What should the project manager do?

  1. Support the stakeholder by asking the board for the reason for the rejection.
  2. Suggest to the stakeholder that the next change they request will be approved.
  3. Record the change request and its result.
  4. Advise the change control board to make sure they create approval processes before the next change is proposed.
Correct Answer

Q4. The client has given you a project to install a new kind of elevator, so you start designing it from scratch. The planning phase is completed and you are now about to install the elevator. Suddenly a team member comes to you and asks for a change in the quality management plan as he has identified a flaw in the process. In which process can you perform the integrated change control?

  1. During the monitoring & controlling phase
  2. During the execution phase
  3. Throughout the project
  4. During the executing, and monitoring & controlling phase
Correct Answer

Q5. A project manager is trying to coordinate all the activities on the project and has determined the following: Activity 1 can start immediately and has an estimated duration of 1 week. Activity 2 can start after activity 1 is completed and has an estimated duration of 4 weeks. Activity 3 can start after activity 2 is completed has an estimated duration of 5 weeks. Activity 4 can start after activity 1 is completed and has estimated duration of 8 weeks. Both activities 3 and 4 must be completed before the end of the project. What is the duration of the critical path for this project?

  1. 10
  2. 11
  3. 14
  4. 8
Correct Answer

Q6. A project manager working for a construction company works closely with a design firm. Part of his responsibility is to negotiate and approve bid documents with the design firm. The design firm offers the project manager a job with the firm, which he accepts. When the project manager gives his two weeks’ notice to the construction company, he is not asked nor does he mention that the design firm will employ him. For the next two weeks, the project manager continues to negotiate and approve bids and designs submitted by the design firm. In this situation:

  1. The departure of the project manager provides both companies with benefits by allowing the companies to strengthen their relationship and enhance communication
  2. The construction company did not ask and the project manager is not obligated to inform the company of his new job description
  3. There is a conflict of interest.
  4. The project manager is required to inform the construction company in his departure interview.
Correct Answer

Q7. During project executing, a new project manager is assigned to the project and finds that the activity cost estimates for the project have rarely been accurate. Which of the following was MOST probably not done?

  1. Obtain a cost constraint from management, create a work breakdown structure, and develop a project management plan.
  2. Obtain a cost constraint from management, perform a risk assessment, and form a team.
  3. Form a team, create a work breakdown structure, and use historical records from previous projects.
  4. Form a team, develop a project management plan, and perform a risk assessment.
Correct Answer

Q8. You are sitting with your team members and experts in a room and defining the definition of probability of events occurring and the impact. What process is this?

  1. Identify risks
  2. Perform qualitative risk analysis
  3. Plan risk management
  4. Plan risk responses
Correct Answer

Q9. The calculated duration of a project of 28.166. The standard deviation is 5.5. What technique would you use to compute the probability of completing a project on a specific day?

  1. Reserve analysis
  2. Monte Carlo analysis
  3. Probability analysis
  4. Variance analysis 44
Correct Answer

Q10. Based on the chart, what is the duration of the critical path?

  1. 19
  2. 13
  3. 15
  4. 14
Correct Answer

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