50 practice questions across 5 topics, each with a written explanation of why the correct answer is correct. Start below — the first questions are free and no account is required.
Project Integration Management
Which document formally authorizes a project and grants the project manager authority to apply organizational resources?
- A. Project Management Plan
- B. Project Charter
- C. Statement of Work
- D. Business Case
Answer: B. The Project Charter formally authorizes the project and grants the project manager the authority to apply resources. It is issued by the sponsor and includes high-level objectives, milestones, budget, and stakeholder identification. It is the output of the Develop Project Charter process.
Scope and Schedule Management
What is the Work Breakdown Structure (WBS)?
- A. A list of all resources required for the project
- B. A hierarchical decomposition of the total scope of work to be carried out by the project team
- C. A Gantt chart showing the project schedule
- D. A list of all project risks and their probability
Answer: B. The WBS is a hierarchical decomposition of the project scope into smaller, manageable work packages. Each level represents a finer breakdown of work. The 100% rule requires that the WBS captures all project work — no more, no less.
Risk Management
What is the formula for Expected Monetary Value (EMV) used in risk analysis?
- A. EMV = Probability × Duration
- B. EMV = Probability × Impact (in currency)
- C. EMV = Impact ÷ Probability
- D. EMV = Total Budget × Risk Score
Answer: B. EMV = Probability × Impact. For example, a 30% chance of a $50,000 cost overrun has an EMV of $15,000. EMV is used in quantitative risk analysis and decision tree analysis to evaluate risk reserves and make risk-informed decisions.