Project Management Exam 2026–2027 | Updated Practice Questions, Answers & Study Guide

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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




Project - CORRECT ANSWER A temporary endeavor undertaken to create a
unique product service or result

QUESTION : Management - CORRECT ANSWER Act ot coordinating the efforts
of people to accomplish desired goals and objectives using available resources (eg.
Money, workers, equipment, manpower)

Includes:
-Identifying requirements
-Establishing clear and achievable objectives
-Balancing the competing demands for quality, scope time and cost
-Adapting specifications, plans and concerns for the stakeholders

QUESTION : PM Characteristics - CORRECT ANSWER 1. Management is goal
oriented process
2. Multidimensional (work, people and operations)
3. A continuous process
4. Group activity
5. Dynamic function
6. Intangible force

QUESTION : Knowledge Areas - CORRECT ANSWER Scope Management
Time management
Cost management
Stakeholder management
Human resource management
Communication management
Procurement management
Risk management
Quality management
Integration management




2026 2027 GRADED A+

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QUESTION : Project management - CORRECT ANSWER Checking planning,
organizing, motivating and controlling resources to achieve specific goals

Application of:
knowledge, skills, tools and techniques
to protect activities to meet or exceed stakeholders' expectations while using resources
efficiently and effectively

QUESTION : Project Life Cycle - CORRECT ANSWER Defines the phases that
connects the beginning of a project to its end
A project is unique

Details: Raw material extraction and processing, project manufacturing, distribution,
use, end of life

Recycle, Remanufacture, reuse/super-use

QUESTION : Direct Cost - CORRECT ANSWER Energy, materials, labor, time,
other resources

QUESTION : Indirect cost and overheads - CORRECT ANSWER Waste,
environmental damage, land use, social issues, other effects.

QUESTION : Project Phases Summary - CORRECT ANSWER

QUESTION : Initiation - CORRECT ANSWER Requirements:
-Scope
-Duration/Start
-Location
-Budget

People Involved:
-Client
-Owner
-Consultant
-PM

QUESTION : Design Phase - CORRECT ANSWER Requirements:
-Details
-Conceptual arch drawing
-Equipment
-Materials
-Technical issues (mechanical, structure)
-Drawings, materials, specs



2026 2027 GRADED A+

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People Involved:
-Consultant
-Owner

QUESTION : Planning Phase - CORRECT ANSWER Requirements:
-Scheduling
-Plan

People Involved
-Eng
-Arch
-Civil Engineer
- Mechanical and Electrical
-PM

QUESTION : Bidding Phase - CORRECT ANSWER Requirements:
-Formal contract documents
-Contractor appointing
-Municipality approval

People involved:
-Owner
-Consultant
-PM

QUESTION : Execution Phase - CORRECT ANSWER Requirements:
-Monitoring and control for activities and processes
-Procurement
-Progress completion/payment

People involved:
-Owner
-Supervision
-Consultant
-Contractor
-PM

QUESTION : Closing Phase - CORRECT ANSWER Requirements:
-Warranty Period
-Maintenance
-Lessons learned
-Asbuilt drawings
-Checklist

People involved:
-Owner


2026 2027 GRADED A+

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-Supervision
-Consultant
-Contractor
-PM

QUESTION : Projects - CORRECT ANSWER Performed by people
Constrained by limited resources
Planned, executed and controlled
Temporary
Unique

QUESTION : Operations - CORRECT ANSWER Performed by people
Constrained by limited resources
Planned, executed and controlled
Ongoing
Repetitive

QUESTION : Primary objectives - CORRECT ANSWER Time, Quality, Cost

QUESTION : Secondary objectives - CORRECT ANSWER Flexibility,
sustainability, cost, risk, responsibility, certainty, complexity

QUESTION : Relation between primary and secondary objectives - CORRECT
ANSWER Time: flexibility, sustainability
Cost: risk, responsibility
Quality: certainty, complexity

QUESTION : PM Triple constraints - CORRECT ANSWER Time, cost, scope

QUESTION : Frederick Taylor - CORRECT ANSWER analyzed work patterns and
behavior and found out that better methods can increase the productivity

QUESTION : Henry Gantt - CORRECT ANSWER Studied the order of work
operations in great detail
Developed charts which details the progress in large projects
Charts used ever since

QUESTION : Project Management Institute - CORRECT ANSWER 1969
-Launched to promote project management as its own profession
-Advocacy for the profession, setting professional standards, conducting research,
providing access to info and resources
260,000 members
171 countries



2026 2027 GRADED A+