C722 Project Management Practice Questions - Set 2 - Part 1

Test your knowledge of Project Management concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 1: What is the most common relationship between tasks in a project schedule, where the successor activity cannot begin until the predecessor activity has been completed?

a) Start-to-Start

b) Finish-to-Start

c) Finish-to-Finish

d) Start-to-Finish

Question 2: In project cost management, what is the difference between the Earned Value (EV) and the Actual Cost (AC) used to determine?

a) Project Quality

b) Schedule Variance (SV)

c) Cost Variance (CV)

d) Budget at Completion (BAC)

Question 3: Which phase includes identifying and defining project requirements, as well as documenting scope, stakeholders, and high-level risks?

a) Planning

b) Executing

c) Closing

d) Defining

Question 4: What type of organizational structure is characterized by having clear lines of authority within departments and is commonly used in government agencies?

a) Matrix

b) Functional

c) Projectized

d) Agile

Question 5: Which project management method organizes tasks into a linear sequence where each phase must be completed before moving to the next?

a) Agile

b) Waterfall

c) Scrum

d) Kanban

Question 6: What cost estimation method leverages prior project data to calculate costs based on unit costs or rates?

a) Bottom-up Estimating

b) Parametric Estimating

c) Apportion Estimating

d) Top-down Estimating

Question 7: In Agile project management, what document is created to capture all required features and functionality as requested by the customer?

a) Gantt Chart

b) Project Baseline

c) Backlog

d) Requirements Matrix

Question 8: What technique is used when compressing a schedule by assigning additional resources to critical tasks?

a) Fast-tracking

b) Risk Mitigation

c) Crashing

d) Resource Leveling

Question 9: Which term refers to adjusting tasks or activities to reduce peaks and valleys in resource allocation, helping maintain consistent resource use?

a) Risk Transfer

b) Resource Leveling

c) Scope Creep

d) Project Baseline

Question 10: In a project, what kind of costs are directly related to completing the work and can be clearly attributed to specific tasks?

a) Direct Costs

b) Indirect Costs

c) Overhead Costs

d) Variable Costs

Question 11: Which type of cost estimation starts with the highest level and progressively refines costs as more information is available?

a) Bottom-up

b) Top-down

c) Three-point

d) Parametric

Question 12: Which project phase involves reassessing project objectives and reassigning resources for future use once deliverables are accepted?

a) Defining

b) Closing

c) Executing

d) Planning

Question 13: What tool provides a visual representation of resource requirements over time and is helpful for balancing resource allocation?

a) Network Diagram

b) Resource Histogram

c) Gantt Chart

d) Risk Matrix

Question 14: What is an “Opportunity” in risk management terms?

a) A threat to the project timeline

b) A risk with a positive impact

c) An event causing scope creep

d) A mandatory project requirement

Question 15: Which type of task dependency requires a task to be delayed before its successor can begin?

a) Negative Float

b) Lead Time

c) Lag Time

d) Critical Path

Question 16: What estimating technique calculates an average by weighting the most likely estimate more heavily than optimistic and pessimistic estimates?

a) Three-point Estimation

b) Deterministic Estimation

c) Triangular Distribution

d) Beta Distribution

Question 17: Which document establishes how stakeholders will be identified, their level of interest, and communication needs throughout the project lifecycle?

a) Stakeholder Management Plan

b) Project Charter

c) Project Baseline

d) Requirements Matrix

Question 18: What analysis evaluates whether the project’s budget expectations align with actual spending, using Earned Value (EV) and Actual Cost (AC) data?

a) Schedule Performance Index (SPI)

b) Cost Performance Index (CPI)

c) Schedule Variance (SV)

d) Cost Variance (CV)

Question 19: Which estimating technique would be appropriate when activity durations are highly predictable?

a) Probabilistic

b) Deterministic

c) Three-point

d) Bottom-up

Question 20: What is the term for the calculated difference between the finish date of the last activity on the critical path and the project’s scheduled completion date?

a) Negative Float

b) Free Float

c) Total Float

d) Slack

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