FREE Project Management MCQ Questions and Answers

Question 1

Money that has already been spent.

Accepted Answer

Sunk Cost

Answer

Actual Cost

Answer

Indirect Cost

Answer

Direct Cost

Question 2

Which of the following statements regarding Process Group is false?

Accepted Answer

Process Groups are Project Phases

Answer

Process Groups are not discreet, one time event

Answer

Where large or complex projects may be separated into phases or sub-projects, all of the Process Group
 processes would normally be repeated

Answer

Process Groups are linked by the results they produce

Question 3

The procedures that must be followed to ensure that the project is completed on time and on budget.

Accepted Answer

Project Cost Management

Answer

Rate of Performance

Answer

Management Reserves

Answer

Planned Value

Question 4

Which of the following is not included in the three-sphere system management model?

Accepted Answer

Information

Answer

Technology

Answer

Business

Answer

Organization

Question 5

Integration Management is in charge of:

Accepted Answer

Deals how to coordinate all the work and how to deal with changes

Answer

Integrates project managers, sponsors and senior management

Answer

Making sure that every body knows what he should know to accomplish the project

Answer

Ensuring that you as project manager have every detail of the product which will be produced

Question 6

An estimate of the cost of the actual physical job accomplished.

Accepted Answer

Earned Value

Answer

Direct Costs

Answer

Actual Cost

Answer

Earned Value Management

Question 7

What phrase is used to describe a framework for the phases of information system development?

Accepted Answer

Systems development life cycle

Answer

Rapid application development

Answer

Extreme programming

Answer

Predictive life cycle

Question 8

A method of cost estimation that involves estimating individual work items and adding them together to arrive at a project total.

Accepted Answer

Bottom-Up Estimates

Answer

Analogous Estimates

Answer

Parametric Estimate

Answer

Definitive Estimate

Question 9

When an organization obtains goods and/or supplies from a third-party source in another country, what term is used?

Accepted Answer

Offshoring

Answer

Exporting

Answer

Globalization

Answer

Global sourcing

Question 10

The ratio of earned value to planned value, or _________________, can be used to calculate the anticipated time needed to finish a project.

Accepted Answer

Schedule Performance Index (SPI)

Answer

Schedule Variance (SV)

Answer

Indirect Costs

Answer

Life Cycle Costing