PMT 3600V EXAM 1 QUESTIONS WITH
VERIFIED ANSWERS 2026/2027
1. A project manager is evaluating four potential projects. Project A has an NPV of $50,000 to
be realized in 3 years. Project B has an NPV of $60,000 to be realized in 5 years. Project C has
an NPV of $45,000 to be realized in 1 year. Project D has an NPV of $55,000 to be realized in 2
years. Which project should be selected based on financial merit?
A. Project A
B. Project D
C. Project C
D. Project B
Answer: D
Conceptual Explanation: NPV (Net Present Value) already accounts for the time value of
money. Therefore, the project with the highest NPV should be chosen, regardless of the
time duration.
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 Sponsor
D. The PMO Director
Answer: A
Conceptual Explanation: In a weak matrix, the functional manager maintains control over
the resources and the budget, while the project manager acts more as a coordinator or
expediter.
3. During the project planning phase, you are using a Three-Point Estimate (PERT) to calculate
the duration of an activity. The optimistic time is 10 days, the pessimistic time is 22 days, and
the most likely time is 13 days. What is the expected duration?
A. 13 days
B. 16 days
C. 15 days
D. 14 days
Answer: D
Conceptual Explanation: PERT formula: (O + 4M + P) / 6. Calculation: (10 + 4*13 + 22) / 6
= (10 + 52 + 22) / 6 = = 14 days.
, 4. If the Earned Value (EV) is $350, the Actual Cost (AC) is $400, and the Planned Value (PV) is
$325, what is the Cost Variance (CV)?
A. $25
B. -$25
C. $75
D. -$50
Answer: D
Conceptual Explanation: Cost Variance (CV) = EV - AC. Calculation: 350 - 400 = -50.
5. Which of the following describes the ‘Rule of Seven’ in a Control Chart?
A. Seven points showing an upward trend means the process is within limits.
B. Seven consecutive points on one side of the mean indicates the process is out of control.
C. Seven points outside the upper control limit means the quality is high.
D. Seven points falling exactly on the mean indicates perfect quality.
Answer: B
Conceptual Explanation: The Rule of Seven is a heuristic stating that if seven consecutive
points fall on one side of the mean, the process should be investigated even if the points are
within control limits.
VERIFIED ANSWERS 2026/2027
1. A project manager is evaluating four potential projects. Project A has an NPV of $50,000 to
be realized in 3 years. Project B has an NPV of $60,000 to be realized in 5 years. Project C has
an NPV of $45,000 to be realized in 1 year. Project D has an NPV of $55,000 to be realized in 2
years. Which project should be selected based on financial merit?
A. Project A
B. Project D
C. Project C
D. Project B
Answer: D
Conceptual Explanation: NPV (Net Present Value) already accounts for the time value of
money. Therefore, the project with the highest NPV should be chosen, regardless of the
time duration.
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 Sponsor
D. The PMO Director
Answer: A
Conceptual Explanation: In a weak matrix, the functional manager maintains control over
the resources and the budget, while the project manager acts more as a coordinator or
expediter.
3. During the project planning phase, you are using a Three-Point Estimate (PERT) to calculate
the duration of an activity. The optimistic time is 10 days, the pessimistic time is 22 days, and
the most likely time is 13 days. What is the expected duration?
A. 13 days
B. 16 days
C. 15 days
D. 14 days
Answer: D
Conceptual Explanation: PERT formula: (O + 4M + P) / 6. Calculation: (10 + 4*13 + 22) / 6
= (10 + 52 + 22) / 6 = = 14 days.
, 4. If the Earned Value (EV) is $350, the Actual Cost (AC) is $400, and the Planned Value (PV) is
$325, what is the Cost Variance (CV)?
A. $25
B. -$25
C. $75
D. -$50
Answer: D
Conceptual Explanation: Cost Variance (CV) = EV - AC. Calculation: 350 - 400 = -50.
5. Which of the following describes the ‘Rule of Seven’ in a Control Chart?
A. Seven points showing an upward trend means the process is within limits.
B. Seven consecutive points on one side of the mean indicates the process is out of control.
C. Seven points outside the upper control limit means the quality is high.
D. Seven points falling exactly on the mean indicates perfect quality.
Answer: B
Conceptual Explanation: The Rule of Seven is a heuristic stating that if seven consecutive
points fall on one side of the mean, the process should be investigated even if the points are
within control limits.
