PMT 3600V EXAM 3 ADVANCED
PROJECT MANAGEMENT QUESTIONS
AND ANSWERS
1. When calculating the Late Finish (LF) of an activity during a backward pass in the Critical
Path Method, which value is used?
A. The largest Late Start (LS) of all succeeding activities
B. The smallest Late Start (LS) of all succeeding activities
C. The largest Early Finish (EF) of all preceding activities
D. The smallest Early Finish (EF) of all preceding activities
Answer: B
Conceptual Explanation: In a backward pass, the Late Finish (LF) of an activity is equal to
the smallest (earliest) Late Start (LS) of its immediate successors to ensure the project
completion date is not delayed.
2. A project manager is considering a contract for a project with high uncertainty. Which
contract type places the most risk on the seller?
A. Cost Plus Fixed Fee (CPFF)
B. Cost Plus Incentive Fee (CPIF)
,C. Time and Materials (T&M)
D. Firm Fixed Price (FFP)
Answer: D
Conceptual Explanation: Firm Fixed Price (FFP) contracts place the maximum risk on the
seller because they are responsible for all cost overruns regardless of the actual costs
incurred.
3. If a project has an Optimistic time of 10 days, a Pessimistic time of 22 days, and a Most
Likely time of 13 days, what is the PERT (Beta distribution) duration?
A. 13 days
B. 14 days
C. 15 days
D. 16 days
Answer: B
Conceptual Explanation: PERT formula: (O + 4M + P) / 6. Calculation: (10 + 4*13 + 22) / 6
= (10 + 52 + 22) / 6 = = 14 days.
4. Which risk response strategy is being used when a project manager purchases insurance to
cover potential equipment failure?
A. Mitigate
B. Avoid
, C. Accept
D. Transfer
Answer: D
Conceptual Explanation: Transferring risk involves shifting the impact of a threat and
ownership of the response to a third party, such as an insurance company.
5. In the context of Resource Management, what is the primary difference between Resource
Leveling and Resource Smoothing?
A. There is no difference; they are synonymous.
B. Smoothing can change the critical path; Leveling does not.
C. Leveling only applies to human resources; Smoothing applies to materials.
D. Leveling can change the critical path; Smoothing does not.
Answer: D
Conceptual Explanation: Resource Leveling adjusts start and finish dates based on
resource constraints and can extend the critical path. Resource Smoothing adjusts activities
within their float and does not affect the critical path.
6. What is the standard deviation of an activity with a Pessimistic time of 30 and an
Optimistic time of 12?
A. 18
B. 6
PROJECT MANAGEMENT QUESTIONS
AND ANSWERS
1. When calculating the Late Finish (LF) of an activity during a backward pass in the Critical
Path Method, which value is used?
A. The largest Late Start (LS) of all succeeding activities
B. The smallest Late Start (LS) of all succeeding activities
C. The largest Early Finish (EF) of all preceding activities
D. The smallest Early Finish (EF) of all preceding activities
Answer: B
Conceptual Explanation: In a backward pass, the Late Finish (LF) of an activity is equal to
the smallest (earliest) Late Start (LS) of its immediate successors to ensure the project
completion date is not delayed.
2. A project manager is considering a contract for a project with high uncertainty. Which
contract type places the most risk on the seller?
A. Cost Plus Fixed Fee (CPFF)
B. Cost Plus Incentive Fee (CPIF)
,C. Time and Materials (T&M)
D. Firm Fixed Price (FFP)
Answer: D
Conceptual Explanation: Firm Fixed Price (FFP) contracts place the maximum risk on the
seller because they are responsible for all cost overruns regardless of the actual costs
incurred.
3. If a project has an Optimistic time of 10 days, a Pessimistic time of 22 days, and a Most
Likely time of 13 days, what is the PERT (Beta distribution) duration?
A. 13 days
B. 14 days
C. 15 days
D. 16 days
Answer: B
Conceptual Explanation: PERT formula: (O + 4M + P) / 6. Calculation: (10 + 4*13 + 22) / 6
= (10 + 52 + 22) / 6 = = 14 days.
4. Which risk response strategy is being used when a project manager purchases insurance to
cover potential equipment failure?
A. Mitigate
B. Avoid
, C. Accept
D. Transfer
Answer: D
Conceptual Explanation: Transferring risk involves shifting the impact of a threat and
ownership of the response to a third party, such as an insurance company.
5. In the context of Resource Management, what is the primary difference between Resource
Leveling and Resource Smoothing?
A. There is no difference; they are synonymous.
B. Smoothing can change the critical path; Leveling does not.
C. Leveling only applies to human resources; Smoothing applies to materials.
D. Leveling can change the critical path; Smoothing does not.
Answer: D
Conceptual Explanation: Resource Leveling adjusts start and finish dates based on
resource constraints and can extend the critical path. Resource Smoothing adjusts activities
within their float and does not affect the critical path.
6. What is the standard deviation of an activity with a Pessimistic time of 30 and an
Optimistic time of 12?
A. 18
B. 6
