During an early days of my career, I was always thinking that, one’s someone become Project Manager, he/she don’t have to work hard! As you are a ‘manager’ you just have to monitor other people, resources and get the work done. However soon I realized that this was a myth; when I stepped in to the shoos of Project Manager and then I realized how difficult the Project Managers job is! from Project Management to People Management and From Client Management to Delivery Management everyone look at you as a leader and any outcome a +ve or -ve directly affects to your performance. That’s why I guess some one has said Project Management is a Thank Less Job!!. So what organization looks in a candidate before selecting a person for Project Manager, Program Manager, Engineering Manager, Product Manager or ‘#### Managers’ Job? Below is a list of questions I thought to share for the new leaders of tomorrow. I have categorized them as per the PMI project management areas. Lets start with Cost Management first:

Interview Questions on Cost Management

1. What is Reserve Analysis a technique?
2. How will you estimate a Cost of your project?
3. What is Cost Budgeting
4. How will you Control the cost
5. How will you Estimating Activity Duration
6. What is Cost Variance?
7. What is Project Management Overhead? How much percentage of Project Management Overhead you think is your {Type of Project} requires?
8. What is Management Contingency Reserve? Why it is required?
9. What is Schedule Variance?
10. When is the Project Cost Management Plan is created?
11. What are the different type of Cost Estimating processes/methods?
12. What are the different type of Cost Budgeting process/methods?
13. What are the different type of Cost Control process/methods?
14. A particular project in the domain of civil construction requires that every on-site worker be insured In which document you will highlight this customer requirement?
15. How will you ensure that this is considered in Cost Estimation process?
16. What is Enterprise Environmental Factor
17. What is Organizational Process Assets
18. What is Project Scope Statement
19. What is Activity Cost Contingency Reserve
20. What is Management Contingency Reserve
21. What is Management Overheads
22. What is Earned Value calculations
23. What is the BEST way to make an accurate forecasting of ETC?
24. How will you find out (Forecasting) of cost of remaining work
25. List all the formulae’s that gets used in Earned Value calculations
26. If the Earned Value is equal to Actual Cost, what does that mean?
27. How will you show that Project is on budget and on schedule?
28. What can you conclude from the statement “Schedule Variance Index is 1″?
29. What is Trend Analysis?
30. How will you Analyzing performance of similar projects over time?
31. How will you Examining project performance over time? How will you show the Project Progress Report? what are the main contents in it?
32. How will you Calculate Earned Value?
33. How will you Calculate Cost Variance
34. What is Performance Measurements?
35. How will you Calculate Planned Value

36. Management Contingency Reserve is identified in which process?
37. What is Activity Duration Estimating?
38. What is Activity Resource Estimating?
39. During which phase of the project you will prepare Project Cost Management Plan?
40. What is Analogous Cost Estimating technique?
41. What is Bottom-up estimating?
42. How will you calculate the efforts, cost and resources using COCOMO?
43. How will you calculate the efforts, cost and resources using PUTNAM?
44. How will you calculate the efforts, cost and resources using WideBand Delphi?
45. How will you calculate the efforts, cost and resources using Function Points?
46. What do you mean by estimation using “Expert Judgment”?
47. Describe what you did in a difficult project environment to get the job done on time and on budge?
48. What actions are required for successful executive sponsorship of a project?
49. What is Value Analysis approach?
50. What is WBS – Work breakdown structure?
51. What is WBS dictionary?
52. What is Depreciation technique? what are its types?
53. What is Straight line depreciation?
54. What is Double-declining balance?
55. What is Sum of year depreciation?
56. What is Analogous Estimating technique?
57. What do you mean by estimation from expert judgment?
58. What is Parametric Modeling Estimation?
59. What is COCOMO model? what are its different types?
60. What is Basic COCOMO Model? using this how will you calculate effort cost and number of resources required?
61. What is Intermediate COCOMO Model? using this how will you calculate effort cost and number of resources required?
62. What is Advanced COCOMO Model? using this how will you calculate effort cost and number of resources required?
63. What is PUTNAM Model? Model? using this how will you calculate effort cost and number of resources required?
64. What is Wide band Delphi Model? using this how will you calculate effort cost and number of resources required?
65. What is Decomposition Model? using this how will you calculate effort cost and number of resources required?
66. Is Bottom up estimation same as WBS estimation?
67. What is Earned Value Management: These are generally pretty simple once you have good understanding of the concepts, and remember the formulae These formulae are explained below
68. What is Planned Value (PV) refers to what the project should be worth at this point in the schedule It is also referred as BCWS (Budgeted Cost of Work Scheduled)
69. What is Earned Value (EV) is the physical work completed to date and the authorized budget for that It is also referred as BCWP (Budgeted Cost of Work Performed)
70. What is Actual Cost (AC) is the actual amount of money spent so far It is also referred as ACWP (Actual Cost of Work Performed)

71. What is Estimate At Completion (EAC) refers to the estimated total cost of the project at completion
72. What is CPI – Cost Performance Index refers to?
73. If CPI is less than 1, what does that means?
74. What is Estimate to Completion?
75. What is Cost Variance?
76. What is Schedule Variance?
77. What is Negative cost or schedule variance means?
78. What is SPI Schedule Performance Index refers to?
79. What is VAC Variance At Completion refers to?
80. What is Analogous estimating?
81. How will you Determine resource cost rates?
82. What is Bottom-up estimating?
83. What is Parametric estimating?
84. What Project Management software you used for cost estmation, budgeting and cost control?
85. What is Vendor bid analysis?
86. What is Reserve analysis?
87. What is Cost of quality?
88. What is Cost baseline?
89. What is S-curve?
90. What is life cycle costs?

Project Manager Interview Questions – Introduction
Interview Questions on Integration Management
Interview Questions on Communication Management
Interview Questions on Cost Management
Interview Questions on Time Management, Schedule
Interview Questions on Risk Management
Interview Questions on HR Management
Interview Questions on Quality Management
Interview Questions on Scope Management
Interview Questions on Procurement Management
Interview Questions on People Management
Interview Questions on Client Management
Interview Questions on Vendor, Supplier Management
Interview Questions on Leadership, Negotiations, Problem solving
Interview Questions on General