Question 1

A vendor is hired for your project and will charge you $30 per hour, plus materials. What is this type of contract called?

A)  Cost plus fixed fee
B)  Time and materials
C)  Task and materials
D)  Cost plus incentive fee

Question 2

Your project has had most of its products delivered by a third party. The project sponsor who will own these products in their functional area is not happy with the resulting products. The vendor believes they are suitable. What process will you go through to arrange a suitable outcome for both parties?

A)  Quality Administration
B)  Contract Administration
C)  Project Administration
D)  Claims Administration

Question 3

You are working within the procurement department of a company and a project has approached you for a template for formal documents they can use to collect information, quotes or proposals from potential vendors. What are these documents called?

A)  Bid Documents
B)  Vendor Documents
C)  Audit Documents
D)  Advertising Documents

Question 4

As a project manager you are aware that communication can become more complex, the more people there are to communicate to. How many different communication channels would there be with a project team of 19 people?

A)  380
B)  190
C)  171
D)  19

Question 5

You are working on a project with many different stakeholders and it is vital to communicate project updates early and often. What is the best type of communication method for passing information to stakeholders?

A)  Telephone
B)  Face to face
C)  Emails
D)  Formal report

Question 1

You are working as a project manager with a business analyst and a tester on your team. You need to rank the issues occurring during testing from the most occurring to the least occurring, to see where to focus on first. What will you use?

A)  Control chart
B)  Pareto Diagram
C)  Flow Chart
D)  Check Sheet

Question 2

You are working through the quality management process of a project in the finance sector, and need to select the most appropriate option from a variety of options. What technique will you use?

A)  Group activities
B)  Agreements
C)  Decision Making
D)  Meetings

Question 3

You are working with a project manager in the Quality area of a project, with the aim of improving the end to end life-cycle of the project’s development. You will need to identify the problem, discover the underlying causes that lead to it, and develop preventive actions. What is this called?

A)  Flow chart Analysis
B)  Root Cause Analysis
C)  Risk Cause Analysis
D)  Corrective Analysis

Question 4

What would be the total of the Cost Plus Fixed Fee (CPFF) type of contract with a target cost of $421,000 plus a fixed fee of $45,000, if the project actual spent costs at the end is $251,000?

A)  $45,000
B)  $421,000
C)  $296,000
D)  $121,000

Question 5

You are working with a third party vendor to deliver a part of your project, and needing to ensure they will deliver what you need and on time. Price has been agreed, but other things are still to be negotiated. Which of the following is one of the items that can be negotiated as part of a procurement contract?

A)  The type of software used
B)  Your bonus
C)  Size of the project
D)  Project Management process to be used

Question 1

You would like to motivate and align your team towards the project goals using a team building activity. Which of the following is one of the types of Team Building Activities?

A)  Performing repetitive tasks
B)  Following the agenda
C)  Documenting meeting minutes
D)  Creating the WBS

Question 2

Interpersonal Skills have the power to directly or indirectly impact the outcome of a project. Which of the following is NOT one of the types of Interpersonal Skills a project manager might use?

A)  Leadership
B)  Creating a scatter plot
C)  Team building
D)  Motivation

Question 3

You are working on a project and need to create a document that has compiled information about project performance in a report format to enable decisions, actions and project communications?

A)  Work Performance Report
B)  Project Management Plan
C)  Agreements
D)  Verified deliverables

Question 4

Your project needs to hire resources from outside the organisation, and the vendor has provided a Cost Plus Fixed Fee (CPFF) type of contract with a target cost of $280,000 plus a fixed fee of $29,000. What is the total cost if the project costs at the end is $250,000?

A)  $309,000
B)  $280,000
C)  $279,000
D)  $149,000

Question 5

You are a project manager working in a company and you have been asked to compile the business case and benefits management plan. What are these types of documents called?

A)  Executive Documents
B)  Business Documents
C)  Project Documents
D)  Project Charter

Question 1

Estimate at Completion is the forecasted cost of the project as the project progresses. Your project has a budget of $10,000.
30% of the work has been completed against planned 30%, and $10,000 has been spent so far. If the CPI impacts our future cost, what is the Estimate At Completion (EAC)?

A)  $17,000
B)  $44,444
C)  $33,333
D)  $22,222

Question 2

You are working on a project and wanting to plan the immediate work in detail, while leaving the remaining work at a higher level. What are you doing?

A)  Executive Planning
B)  Rolling Wave Planning
C)  Progressive Planning
D)  Extra Planning

Question 3

You are working with your project team and wanting to stimulate creativity and new ideas. Which of the following is a group creativity technique you might use?

A)  Nominal group technique
B)  Regression analysis
C)  Tornado diagram
D)  Prompt lists

Question 4

As a project manager, you are wanting to work with the project sponsor to bring more objectivity to the acceptance process. What is this project activity called?

A)  Collecting Requirements
B)  Estimating Activity Durations
C)  Planning Schedule Management
D)  Validating Scope

Question 5

You are working through the scope of your project and wanting to decompose the high level features into smaller pieces of work that a team can deliver using a work breakdown structure. What is that level of the work breakdown structure called?

A)  Work Package
B)  Work Product
C)  Work Deliverable
D)  Work Task

Question 1

You are working on a major project for your company, where only 50% of the project has been completed, while 80% of the project budget has been spent. When making a decision on whether or not to continue, what are the costs called that have already been spent?

A)  Earned Value
B)  Exception Report
C)  Sunk Costs
D)  Milestone

Question 2

The To Complete Performance Index (TCPI) is the future cost performance of the project. Your project has a budget of $15,000. 50% of the work has been completed, against planned 60%. $9,000 has been spent so far. What is the efficiency that must be maintained in order to complete as planned (TCPI)?

A)  1.89
B)  1.25
C)  0.56
D)  0.78

Question 3

Your project has a budget of $200,000.
60% of the work has been completed against planned 50%. $590,000 has been spent so far. What is the Schedule Performance Index (SPI)?

A)  1.20
B)  0.83
C)  0.63
D)  2.50

Question 4

You are working on a brand new project and need to estimate how much it will cost. You have the cost per unit for all items needed. What is the name of the estimating technique you will use?

A)  Three point estimating
B)  Executive estimating
C)  Data estimating
D)  Parametric estimating

Question 5

Your project has a budget of $500,000. 60% of the work has been completed against planned 70%. $280,000 has been spent so far. What is the Earned Value (EV)?

A)  $500,000
B)  $280,000
C)  $300,000
D)  $350,000

Question 1

You are working as a project manager and you need a source of information and knowledge on a product to ensure project success. You recognise this as “Expert Judgement” from the PMBOK Guide. What is the first place you should look for expert judgment?

A)  The vendor’s organization
B)  Hire someone outside your organization
C)  Your own organization
D)  Ask the Government

Question 2

Planned Value is the dollar value of the work you have planned to have completed at a given time in your project. Your project has a budget of $10,000. 40% of the work has been completed against planned 30%, and $14,000 has been spent so far. What is the Planned Value (PV)?

A)  $700
B)  $1,200
C)  $200
D)  $3,000

Question 3

You have been asked to use an estimation technique that uses data from past projects to budget for an activity that is very similar in nature and duration. What is this type of estimating technique?

A)  Corresponding Estimating
B)  Analogous Estimating
C)   Parallel Estimating
D)   Symmetrical Estimating

Question 4

You are working on a project with a budget of $10,000. 30% of the work has been completed against planned 40%. $15,000 has been spent so far. What is the Estimate at Completion (EAC), if the CPI is expected to be the same?

A)  $50,000
B)  $15,000
C)  $150,000
D)  $45,000

Question 5

You are working on a project with a budget of $10,000, where 50% of the work has been completed, against a planned 40%.  $7,000 has been spent so far. What is the Schedule Performance Index (SPI)?

A)  1.25
B)  1.39
C)  2.43
D)  0.74