ADVANCED PROJECT MANAGEMENT
EXAM 1 (PMT 3600V) QUESTIONS AND
ANSWERS
1. When calculating the Estimate at Completion (EAC) assuming the current budget rate will
continue for the remainder of the project, which formula is used?
A. EAC = AC + Bottom-up ETC
B. EAC = AC + (BAC - EV)
C. EAC = AC + [(BAC - EV) / (CPI * SPI)]
D. EAC = BAC / CPI
Answer: D
Conceptual Explanation: The formula EAC = BAC / CPI is used when the current
cumulative CPI is expected to continue until the end of the project.
2. In a weak matrix organization, who typically holds the most power and authority over the
project budget?
A. The Functional Manager
B. The Project Manager
C. The Project Coordinator
,D. The Project Expeditor
Answer: A
Conceptual Explanation: In a weak matrix, the functional manager maintains most of the
authority, including budget control, while the PM acts more as a coordinator or expeditor.
3. Which of the following best describes the ‘100% Rule’ in the context of a Work Breakdown
Structure (WBS)?
A. Every task must be completed 100% before the next begins.
B. The WBS must include 100% of the work defined by the project scope.
C. The project must have a 100% success rate for all deliverables.
D. Resources must be utilized at 100% capacity throughout the project.
Answer: B
Conceptual Explanation: The 100% Rule states that the WBS represents all product and
project work, including project management; the sum of the work at the child levels must
equal 100% of the work represented by the parent.
4. A project manager is using a technique to estimate activity duration by multiplying the
quantity of work by the labor rate. What is this technique called?
A. Analogous Estimating
B. Three-point Estimating
C. Parametric Estimating
, D. Bottom-up Estimating
Answer: C
Conceptual Explanation: Parametric estimating uses a statistical relationship between
historical data and other variables to calculate an estimate for activity parameters.
5. If an activity has an Early Start (ES) of day 5, a Late Start (LS) of day 10, and a duration of 4
days, what is its Total Float?
A. 1 day
B. 5 days
C. 4 days
D. 15 days
Answer: B
Conceptual Explanation: Total Float is calculated as LS - ES (10 - 5 = 5) or LF - EF.
6. Which quality management tool is specifically used to identify the ‘vital few’ problems
compared to the ‘useful many’?
A. Ishikawa Diagram
B. Control Chart
C. Scatter Diagram
D. Pareto Diagram
EXAM 1 (PMT 3600V) QUESTIONS AND
ANSWERS
1. When calculating the Estimate at Completion (EAC) assuming the current budget rate will
continue for the remainder of the project, which formula is used?
A. EAC = AC + Bottom-up ETC
B. EAC = AC + (BAC - EV)
C. EAC = AC + [(BAC - EV) / (CPI * SPI)]
D. EAC = BAC / CPI
Answer: D
Conceptual Explanation: The formula EAC = BAC / CPI is used when the current
cumulative CPI is expected to continue until the end of the project.
2. In a weak matrix organization, who typically holds the most power and authority over the
project budget?
A. The Functional Manager
B. The Project Manager
C. The Project Coordinator
,D. The Project Expeditor
Answer: A
Conceptual Explanation: In a weak matrix, the functional manager maintains most of the
authority, including budget control, while the PM acts more as a coordinator or expeditor.
3. Which of the following best describes the ‘100% Rule’ in the context of a Work Breakdown
Structure (WBS)?
A. Every task must be completed 100% before the next begins.
B. The WBS must include 100% of the work defined by the project scope.
C. The project must have a 100% success rate for all deliverables.
D. Resources must be utilized at 100% capacity throughout the project.
Answer: B
Conceptual Explanation: The 100% Rule states that the WBS represents all product and
project work, including project management; the sum of the work at the child levels must
equal 100% of the work represented by the parent.
4. A project manager is using a technique to estimate activity duration by multiplying the
quantity of work by the labor rate. What is this technique called?
A. Analogous Estimating
B. Three-point Estimating
C. Parametric Estimating
, D. Bottom-up Estimating
Answer: C
Conceptual Explanation: Parametric estimating uses a statistical relationship between
historical data and other variables to calculate an estimate for activity parameters.
5. If an activity has an Early Start (ES) of day 5, a Late Start (LS) of day 10, and a duration of 4
days, what is its Total Float?
A. 1 day
B. 5 days
C. 4 days
D. 15 days
Answer: B
Conceptual Explanation: Total Float is calculated as LS - ES (10 - 5 = 5) or LF - EF.
6. Which quality management tool is specifically used to identify the ‘vital few’ problems
compared to the ‘useful many’?
A. Ishikawa Diagram
B. Control Chart
C. Scatter Diagram
D. Pareto Diagram
