Project Practice Test: Video 1 Answers (24 Questions) — Questions and Answers

Question 1: A project's EAC using the formula EAC = AC + (BAC - EV) / CPI assumes:

The project will use the SPI to recover schedule
Future work will be performed at the budgeted rate
Future work will continue at the current CPI (Correct answer)
The remaining budget is fixed at BAC - AC

Correct answer: Future work will continue at the current CPI

EAC = AC + (BAC - EV) / CPI assumes the current cost efficiency (CPI) will persist for all remaining work.

Question 2: What does revenue less expense mean?

Profit (Correct answer)
Reserves
Indirect Costs
Profit Margin

Correct answer: Profit

Profit is a fundamental financial concept calculated as the total revenue earned minus the total expenses incurred over a specific period. It represents the financial gain or loss of a business or project. This metric is crucial for assessing financial performance and viability.

Question 3: A project manager applies earned value analysis and finds Cost Variance (CV) = +$15,000. This means:

The project is $15,000 under budget (Correct answer)
The project schedule is ahead by $15,000 worth of work
The project has earned $15,000 more than planned
The project is $15,000 over budget

Correct answer: The project is $15,000 under budget

CV = EV - AC; a positive CV means earned value exceeds actual cost, so the project is under budget.

Question 4: Life cycle costing considers:

The NPV of all project deliverables
Only the costs incurred during project execution
Total cost of ownership including operation and maintenance (Correct answer)
The cost of all project phases from initiating to closing

Correct answer: Total cost of ownership including operation and maintenance

Life cycle costing evaluates the total cost of ownership over the product's entire life, including acquisition, operations, and disposal.

Question 5: What are the terms of the expenses or advantages that may be quickly calculated in dollars?

Schedule Variance
Management Reserves
Indirect Costs
Tangible Costs (Correct answer)

Correct answer: Tangible Costs

Tangible costs (or benefits) are those expenses or advantages that can be easily quantified and measured in monetary terms. These are direct, measurable financial values that have a clear impact on the project's budget or financial outcome. They are straightforward to include in cost estimates and financial analyses, providing concrete data for decision-making.

Question 6: According to the PMBOK Guide, which conflict resolution technique is considered the most effective for achieving a lasting resolution?

Smoothing/Accommodating
Compromise/Reconcile
Collaborate/Problem Solve (Correct answer)
Forcing/Directing

Correct answer: Collaborate/Problem Solve

Collaborating/Problem Solving brings all parties together to examine multiple viewpoints and reach a mutually acceptable solution, producing the most durable and satisfactory outcome.

Question 7: In a RACI matrix, what does the letter 'A' represent?

Authorized
Available
Accountable (Correct answer)
Assigned

Correct answer: Accountable

In a RACI matrix, 'A' stands for Accountable — the single person who is ultimately answerable for the correct completion of the task.

Question 8: According to Herzberg's Two-Factor Theory, which of the following is classified as a motivator rather than a hygiene factor?

Competitive salary
Job security
Recognition and achievement (Correct answer)
Safe working conditions

Correct answer: Recognition and achievement

Herzberg identified motivators — such as achievement, recognition, and responsibility — as factors that actively drive job satisfaction, while hygiene factors only prevent dissatisfaction.

Question 9: Which document serves as the overall guide describing how project resources will be acquired, allocated, managed, and released throughout the project?

Resource Breakdown Structure
Staffing Management Plan
Resource Management Plan (Correct answer)
RACI Matrix

Correct answer: Resource Management Plan

The Resource Management Plan is the primary document that describes how all project resources will be acquired, allocated, managed, and eventually released.

Question 10: In which industry was the Critical Path Method (CPM) originally developed in the late 1950s?

Healthcare and pharmaceuticals
Aerospace and defense
Construction and chemical manufacturing (Correct answer)
Information technology

Correct answer: Construction and chemical manufacturing

CPM was developed jointly by DuPont and Remington Rand in 1957 for managing chemical plant maintenance and construction projects.

Question 11: A project activity has ES=5, EF=12, LS=8, LF=15. What is the activity's total float and duration?

Float=7, Duration=7
Float=3, Duration=3
Float=7, Duration=3
Float=3, Duration=7 (Correct answer)

Correct answer: Float=3, Duration=7

Duration = EF - ES = 12 - 5 = 7 days; Total Float = LS - ES = 8 - 5 = 3 days (or LF - EF = 15 - 12 = 3 days).

Question 12: A project manager notices that two activities on the critical path have a Finish-to-Start lag of +2 days. How does this lag affect the project?

It reduces the project duration by 2 days
It adds 2 days to the project duration (Correct answer)
It has no effect since both activities are already critical
It creates a parallel path opportunity

Correct answer: It adds 2 days to the project duration

A positive lag on the critical path extends the overall project duration because it mandates a waiting period between the predecessor's finish and the successor's start.

Question 13: If the project completion date is moved earlier by management, what is the effect on the critical path?

The critical path disappears
Non-critical activities may gain positive float
The critical path always shortens automatically
Some previously non-critical activities may become critical (Correct answer)

Correct answer: Some previously non-critical activities may become critical

Compressing the required end date reduces total float across the network, potentially making previously non-critical paths critical.

Question 14: What scheduling constraint creates a 'Start-to-Finish' (SF) dependency between two activities?

Activity A and B must start simultaneously
Activity B cannot finish until Activity A starts (Correct answer)
Activity B cannot start until Activity A finishes
Activity A cannot start until Activity B finishes

Correct answer: Activity B cannot finish until Activity A starts

In a Start-to-Finish dependency, the successor (B) cannot finish until the predecessor (A) has started — the rarest of the four dependency types.

Question 15: Which quality management tool uses a visual representation to show the relationship between an effect and its potential causes?

Pareto chart
Fishbone diagram (Correct answer)
Control chart
Scatter diagram

Correct answer: Fishbone diagram

The fishbone (Ishikawa) diagram visually maps potential causes of a problem to identify root causes.

Question 16: The project deliverables' quality is the responsibility of which of the following?

Customers
The project team (Correct answer)
Stakeholders
The project champion

Correct answer: The project team

The project team is directly responsible for performing the work that creates the project deliverables. Therefore, they are accountable for ensuring that the quality of these deliverables meets the defined project standards and requirements. While stakeholders and customers define quality expectations, and the project champion provides support, the team executes the tasks and implements quality measures.

Question 17: A project team is analyzing defect data and groups defects into categories to find the most frequent type. Which tool are they using?

Scatter diagram
Affinity diagram
Histogram (Correct answer)
Control chart

Correct answer: Histogram

A histogram displays the frequency distribution of defects or data points across categories to identify the most common issues.

Question 18: Which term describes the acceptable range of variation specified in quality requirements?

Tolerance threshold
Sigma level
Specification limit (Correct answer)
Control limit

Correct answer: Specification limit

Specification limits define the customer-required boundaries for acceptable product or process performance.

Question 19: In Six Sigma, what does 'DMAIC' stand for?

Design, Monitor, Audit, Implement, Close
Define, Measure, Analyze, Improve, Control (Correct answer)
Define, Manage, Assess, Integrate, Control
Determine, Measure, Analyze, Inspect, Complete

Correct answer: Define, Measure, Analyze, Improve, Control

DMAIC is the Six Sigma improvement cycle: Define, Measure, Analyze, Improve, Control.

Question 20: Which EVM metric would a project manager use to predict the total cost at project completion if current cost performance continues?

EAC = BAC / CPI (Correct answer)
EAC = AC + ETC
EAC = EV + BAC
EAC = AC + BAC - EV

Correct answer: EAC = BAC / CPI

EAC = BAC / CPI is used when current cost performance is expected to continue for the remainder of the project.

Question 21: What does a negative Schedule Variance (SV) tell a project manager?

The project scope has increased
The project will finish early
The project has spent more than budgeted
The project has accomplished less work than planned (Correct answer)

Correct answer: The project has accomplished less work than planned

SV = EV - PV; a negative SV means EV < PV, so less work has been accomplished than was planned for this point in time.

Question 22: A work package has a BAC of $10,000, is 50% complete by EV, and has spent $6,000. What is the Cost Variance (CV)?

-$1,000 (Correct answer)
+$1,000
-$4,000
+$4,000

Correct answer: -$1,000

EV = 50% × $10,000 = $5,000; CV = EV - AC = $5,000 - $6,000 = -$1,000, indicating a cost overrun.

Question 23: A project manager observes CPI = 0.75 and SPI = 0.85. What is the most accurate conclusion?

The project is under budget and ahead of schedule
The project is under budget but behind schedule
The project is over budget but ahead of schedule
The project is both over budget and behind schedule (Correct answer)

Correct answer: The project is both over budget and behind schedule

CPI < 1 means over budget and SPI < 1 means behind schedule, so both performance dimensions are unfavorable.

Question 24: A project uses the 50/50 rule for earned value. A $20,000 task has just started. How much EV is credited?

$5,000
$20,000
$0
$10,000 (Correct answer)

Correct answer: $10,000

The 50/50 rule credits 50% of the budget when work starts and the remaining 50% when work is complete, so $10,000 is credited at start.

Project Practice Test: Video 1 Answers (24 Questions)

A project's EAC using the formula EAC = AC + (BAC - EV) / CPI assumes:

What Practice Test Geeks adds beyond an AI chat for Project Management

An AI chatbot can quiz you, but it can't reproduce the exam conditions or keep your record. Here you get:

A timed, full-length Project Management mock exam — 180 questions in 230 minutes with a 61% pass mark, modeled on the official exam's question count and time limit, followed by a score report broken down by exam domain.
A fixed Project Management question bank: the same test every attempt, so your score is comparable from one try to the next instead of changing with every regenerated quiz.
Progress saved on your device: completed tests, scores and missed questions stay in My Progress, so you can retake only what you got wrong.
A printable Project Management cheat sheet you can print or save as a PDF.
Project Management flashcards built from the same question bank.

Start the Timed Project Management Mock Exam →

These practice questions were written with AI tools. They are not real exam questions. We have not yet matched this exam's facts to an official source, so confirm fees, dates and rules with the exam body. Not reviewed by a subject-matter expert. Editorial policy