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Project Management Question Bank
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You have a project with a cost of 10,000 USD, and the duration is 10 months. Five months have passed, 45% of the work is completed and you have spent 5,500 USD. The value of this 45% of the work is known as:
  1. Planned value
  2. Earned value
  3. Actual cost
  4. Schedule variance

Q2. Lucy has recently been assigned as the project manager for a new shopping mall construction project. Since the project will span well over five years, Lucy is a bit hesitant to use the current market rates for estimating construction materials cost. The prices have been steadily increasing and the current market rates might not remain valid in the future. Which of the following techniques can Lucy apply to determine her project budget?

  1. Conduct a trend analysis on the cost of materials and use that to extrapolate the cost of materials in the future.
  2. Determine the cost of the project using current market rates and increase the total budget by some factor.
  3. Compute the Net Present Value of the cost of materials and use that to determine the project budget.
  4. Use Rolling Wave Planning to determine the budget as the project progresses.
Correct Answer

Q3. A project is considered out of control and the previous project manager has quit. You are assigned as the new project manager and have been asked to verify the quality level of the project and to recommend corrective action. What do you do FIRST?

  1. Review the project management plan
  2. Meet with the team
  3. Draw a control chart
  4. Create a risk mitigation plan.
Correct Answer

Q4. To develop a project stakeholder engagement plan, seek knowledge from groups or individuals with specialized training or subject matter insight into the relationships within the organization. In PMBOK jargon, what is this technique called?

  1. Professional verdict
  2. Consultation
  3. Expert judgment
  4. Sage opinion
Correct Answer

Q5. A project manager needed to shorten a project schedule and decided to employ crashing, a schedule compression technique. Which of the following activities would not be an example of crashing?

  1. Bringing in additional resources
  2. Reducing project scope
  3. Paying to expedite delivery activities
  4. Approving overtime
Correct Answer

Q6. A project manager created a resource histogram. On the histogram, some bars extended beyond the maximum available hours. What does this usually signify?

  1. This means that the resources on those bars are being underused.
  2. This means that a resource optimization strategy needs to be applied.
  3. This means the resources are producing outputs at a rate faster than the average rate.
  4. This means that resources need to be reduced from the project.
Correct Answer

Q7. Management has promised you part of the incentive fee from the customer if you complete the project early. While finalizing a major deliverable, your team informs you that the deliverable meets the requirements in the contract, but will not provide the functionality the customer needs. If the deliverable is late, the project will not be completed early. What action should you take?

  1. Provide the deliverable as it is.
  2. Inform the customer of the situation, and work out a mutually agreeable solution.
  3. Start to compile a list of delays caused by the customer to prepare for negotiations.
  4. Cut other activities in a way that be unnoticed to provide more time to fix the deliverable.
Correct Answer

Q8. All of the following come after the Define Scope process EXCEPT:

  1. Estimate Activity Durations
  2. Develop Human Resource Plan
  3. Estimate Costs
  4. Collect Requirements
Correct Answer

Q9. The technique most commonly used by project management software packages to construct a project schedule model is:

  1. Precedence diagramming method (PDM)
  2. Finish-to-Start (FS)
  3. Activity-In-Node (AIN)
  4. Node-On-Activity (NOA)
Correct Answer

Q10. During a discussion with the quality department, Dave, a project manager, was told that as applied to projects, the terms “prevention” and “inspection” are synonymous. However, his understanding of the terms is different. What would you comment on this situation?

  1. The project manager is correct. Prevention is about keeping errors out of the process; inspection is about keeping errors out of the customer’s hands.
  2. The project manager is correct. Inspection is about keeping errors out of the process; prevention is about keeping errors out of the customer’s hands.
  3. The project manager is wrong. Both inspection and prevention are about keeping errors out of the customer’s hands. They are used in different contexts.
  4. The project manager is wrong. Both inspection and prevention are about keeping errors out of the process. They are used in different contexts.
Correct Answer

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