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Project Management (NEW UPDATED VERSION) LATEST ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS (VERIFIED QUESTIONS AND ANSWERS)-
GUARANTEED PASS A+ UPDATED 2026-2027
Project Management –
1. Which document defines the work that must be accomplished to deliver a product,
service, or result with specified features and functions?
A. Project charter
B. Scope statement
C. Risk register
D. Work breakdown structure (WBS)
Answer: B
Rationale: The scope statement details the project objectives, deliverables, and boundaries.
2. The critical path in a project schedule:
A. Determines the longest sequence of dependent tasks that dictate project duration
B. Is the path with the least resource allocation
C. Shows only tasks with float
D. Indicates budget variances
Answer: A
Rationale: The critical path identifies tasks that directly impact the project completion date.
3. Which of the following is an example of a project constraint?
A. Budget, schedule, scope, and quality
B. Team motivation only
C. Stakeholder satisfaction only
D. Work environment preferences
Answer: A
Rationale: Constraints are factors that limit project execution, typically scope, time, cost, and
quality.
2026 2027 GRADED A+
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4. A stakeholder has high influence but low interest. Recommended engagement strategy?
A. Keep satisfied
B. Monitor
C. Keep informed
D. Manage closely
Answer: A
Rationale: High influence, low interest stakeholders should be kept satisfied to prevent
interference.
5. Which project management process involves aggregating the estimated costs of
individual activities to establish an authorized cost baseline?
A. Cost budgeting
B. Cost estimating
C. Resource planning
D. Risk management
Answer: A
Rationale: Cost budgeting sums individual activity costs to form the project baseline.
6. A risk with high probability and high impact should be:
A. Mitigated or avoided
B. Accepted
C. Ignored
D. Shared only with the sponsor
Answer: A
Rationale: High-risk items require proactive management to prevent project failure.
7. Fast tracking a schedule:
A. Involves performing tasks in parallel to reduce duration
B. Delays project tasks
C. Reduces project risk
D. Increases float
2026 2027 GRADED A+
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Answer: A
Rationale: Fast tracking compresses the schedule but may increase risk.
8. Earned Value (EV) = $50,000, Actual Cost (AC) = $60,000 → Cost variance (CV)?
A. –$10,000
B. +$10,000
C. $0
D. –$110,000
Answer: A
Rationale: CV = EV – AC → 50,000 – 60,000 = –10,000 (over budget).
9. Schedule Performance Index (SPI) formula:
A. SPI = EV / PV
B. SPI = AC / EV
C. SPI = PV / EV
D. SPI = AC / PV
Answer: A
Rationale: SPI compares work performed to work planned.
10. Which tool is commonly used to visualize project schedule and task dependencies?
A. Gantt chart
B. Risk register
C. Cost baseline
D. WBS dictionary
Answer: A
11. Work breakdown structure (WBS) is used to:
A. Decompose project deliverables into manageable components
B. Allocate budget only
C. Assign risk levels only
D. Schedule resources only
2026 2027 GRADED A+
, 4|Page
Answer: A
12. Crashing a project schedule involves:
A. Adding resources to reduce task durations
B. Removing tasks from the schedule
C. Ignoring dependencies
D. Changing project scope
Answer: A
13. A stakeholder engagement plan identifies:
A. Stakeholder needs, expectations, and influence strategies
B. Project schedule only
C. Project budget only
D. Quality control measures only
Answer: A
14. Cost Performance Index (CPI) <1 indicates:
A. Project is over budget
B. Project is under budget
C. Project ahead of schedule
D. Project on schedule
Answer: A
15. Float/slack is:
A. Extra time a task can be delayed without affecting project completion
B. Total project duration
C. Project cost variance
D. Resource allocation buffer
Answer: A
2026 2027 GRADED A+
Project Management (NEW UPDATED VERSION) LATEST ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS (VERIFIED QUESTIONS AND ANSWERS)-
GUARANTEED PASS A+ UPDATED 2026-2027
Project Management –
1. Which document defines the work that must be accomplished to deliver a product,
service, or result with specified features and functions?
A. Project charter
B. Scope statement
C. Risk register
D. Work breakdown structure (WBS)
Answer: B
Rationale: The scope statement details the project objectives, deliverables, and boundaries.
2. The critical path in a project schedule:
A. Determines the longest sequence of dependent tasks that dictate project duration
B. Is the path with the least resource allocation
C. Shows only tasks with float
D. Indicates budget variances
Answer: A
Rationale: The critical path identifies tasks that directly impact the project completion date.
3. Which of the following is an example of a project constraint?
A. Budget, schedule, scope, and quality
B. Team motivation only
C. Stakeholder satisfaction only
D. Work environment preferences
Answer: A
Rationale: Constraints are factors that limit project execution, typically scope, time, cost, and
quality.
2026 2027 GRADED A+
,2|Page
4. A stakeholder has high influence but low interest. Recommended engagement strategy?
A. Keep satisfied
B. Monitor
C. Keep informed
D. Manage closely
Answer: A
Rationale: High influence, low interest stakeholders should be kept satisfied to prevent
interference.
5. Which project management process involves aggregating the estimated costs of
individual activities to establish an authorized cost baseline?
A. Cost budgeting
B. Cost estimating
C. Resource planning
D. Risk management
Answer: A
Rationale: Cost budgeting sums individual activity costs to form the project baseline.
6. A risk with high probability and high impact should be:
A. Mitigated or avoided
B. Accepted
C. Ignored
D. Shared only with the sponsor
Answer: A
Rationale: High-risk items require proactive management to prevent project failure.
7. Fast tracking a schedule:
A. Involves performing tasks in parallel to reduce duration
B. Delays project tasks
C. Reduces project risk
D. Increases float
2026 2027 GRADED A+
,3|Page
Answer: A
Rationale: Fast tracking compresses the schedule but may increase risk.
8. Earned Value (EV) = $50,000, Actual Cost (AC) = $60,000 → Cost variance (CV)?
A. –$10,000
B. +$10,000
C. $0
D. –$110,000
Answer: A
Rationale: CV = EV – AC → 50,000 – 60,000 = –10,000 (over budget).
9. Schedule Performance Index (SPI) formula:
A. SPI = EV / PV
B. SPI = AC / EV
C. SPI = PV / EV
D. SPI = AC / PV
Answer: A
Rationale: SPI compares work performed to work planned.
10. Which tool is commonly used to visualize project schedule and task dependencies?
A. Gantt chart
B. Risk register
C. Cost baseline
D. WBS dictionary
Answer: A
11. Work breakdown structure (WBS) is used to:
A. Decompose project deliverables into manageable components
B. Allocate budget only
C. Assign risk levels only
D. Schedule resources only
2026 2027 GRADED A+
, 4|Page
Answer: A
12. Crashing a project schedule involves:
A. Adding resources to reduce task durations
B. Removing tasks from the schedule
C. Ignoring dependencies
D. Changing project scope
Answer: A
13. A stakeholder engagement plan identifies:
A. Stakeholder needs, expectations, and influence strategies
B. Project schedule only
C. Project budget only
D. Quality control measures only
Answer: A
14. Cost Performance Index (CPI) <1 indicates:
A. Project is over budget
B. Project is under budget
C. Project ahead of schedule
D. Project on schedule
Answer: A
15. Float/slack is:
A. Extra time a task can be delayed without affecting project completion
B. Total project duration
C. Project cost variance
D. Resource allocation buffer
Answer: A
2026 2027 GRADED A+
