PMP Exam Essentials: Exam Questions & Practice Tests, Project Management Professional Certification

Question #1

A Pareto chart is a specific type of:

A. control chart

B. histogram

C. cause-and-effect diagram

D. scatter diagram

View answer

Correct Answer: D

Question #2

The Process Group that involves coordinating people and resources, as well as integrating and performing the activities of the project in accordance with the project management plan is known as:

A. Initiating

B. Planning

C. Executing

D. Monitoring and Controlling

View answer

Correct Answer: C

Question #3

Perform Integrated Change Control is the process of:

A. Reviewing, approving, and managing all change requests

B. Facilitating change management, manuals, or automation tools

C. Comparing actual results with planned results in order to expand or change a project

D. Documenting changes according to the change control system by the change control board

View answer

Correct Answer: A

Question #4

What cost control technique is used to compare actual project performance to planned or expected performance?

A. Cost aggregation

B. Trend analysis

C. Forecasting

D. Variance analysis

View answer

Correct Answer: D

Question #5

Which type of team can be defined as a group of people with a shared goal who fulfill their roles although spending little or no time meeting face to face?

A. Co-location team

B. Virtual team

C. Departmental team

D. Consultant team

View answer

Correct Answer: D

Question #6

The run chart created during the Perform Quality Control process on a project is used to show the:

A. relationship between two variables

B. data points plotted in the order in which they occur

C. most common cause of problems in a process

D. frequency of occurrence

View answer

Correct Answer: B

Question #7

Which stakeholder communicates with higher levels of management to gather organizational support and promote project benefits?

A. Portfolio manager

B. Project sponsor

C. Project manager

D. Project management office

View answer

Correct Answer: C

Question #8

The end point of a project phase can be referred to as:

A. project failure

B. closing process

C. stage gate

D. lifecycle

View answer

Correct Answer: B

Question #9

The Plan Procurements process includes documenting project purchasing decisions and what other steps?

A. Specifying the approach and identifying potential sellers

B. Specifying the approach and selecting a seller

C. Identifying potential sellers and obtaining seller responses

D. Specifying the approach and managing procurement relationships

View answer

Correct Answer: A

Question #10

Which output of Project Cost Management consists of quantitative assessments of the probable costs required to complete project work?

A. Activity cost estimates

B. Earned value management

C. Cost management plan

D. Cost baseline

View answer

Correct Answer: C

Question #11

The project team should have a working knowledge of statistical process control to help evaluate control quality outputs. Of all the topics involved, which of the following is the most important for the team to understand?

A. Sampling and probability

B. Attribute sampling and variables sampling

C. Tolerances and control limits

D. Special causes and random causes

View answer

Correct Answer: A

Question #12

Inputs to the Define Activities process include:

A. Project scope statement, resource calendars, and work performance information

B. Scope baseline, enterprise environmental factors, and organizational process assets

C. Project scope statement, approved change requests, and WBS dictionary

D. Scope baseline, enterprise environmental factors, and activity duration estimates

View answer

Correct Answer: D

Question #13

Quality is very important to your company. Each project has a quality statement that is consistent with the organization's vision and mission. Both internal and external quality assurance are provided on all projects to______________

A. Ensure confidence that the project will satisfy relevant quality standards

B. Monitor specific project results to note whether they comply with relevant quality standards

C. Identify ways to eliminate causes of unsatisfactory results

D. Use inspection to keep errors out of the process

View answer

Correct Answer: C

Question #14

In scope control it is important to determine the cause of any unacceptable variance relative to the scope baseline. This can be done through______________

A. Root cause analysis

B. Control charts

C. Inspections

D. Project performance measurements

View answer

Correct Answer: D

Question #15

Which process occurs within the Monitoring and Controlling Process Group?

A. Control Costs

B. Plan Quality

C. Perform Quantitative Risk Analysis

D. Determine Budget

View answer

Correct Answer: B

Question #16

What is a tool and technique used in the Develop Project Management Plan process?

A. Project management information system (PMIS)

B. Project charter

C. Quality assurance

D. Expert judgment

View answer

Correct Answer: C

Question #17

Cost aggregation is typically performed by aggregating work packages in accordance with the:

A. Program evaluation and review technique (PERT)

B. Cost of quality (COQ)

C. Rough order of magnitude (ROM)

D. Work breakdown structure (WBS)

View answer

Correct Answer: C

Question #18

An output of the Validate Scope process is:

A. A requirements traceability matrix

B. The scope management plan

C. Work performance reports

D. Change requests

View answer

Correct Answer: A

Question #19

Organizational process assets can be divided into which of the following two categories?

A. Project files and corporate knowledge base

B. Templates, and processes and procedures

C. Standards, and processes and procedures

D. Corporate knowledge base and processes and procedures

View answer

Correct Answer: D

Question #20

Oftentimes when a project is terminated, senior managers will replace the project manager with an individual who is skilled in closing out projects. If this is done, the first step for the termination manager should be to______________.

A. Notify all relevant stakeholders of the termination

B. Complete the lessons learned report

C. Conduct an immediate review of the work packages

D. Review the status of all contracts

View answer

Correct Answer: C

Question #21

A project team member agrees to change a project deliverable after a conversation with an external stakeholder. It is later discovered that the change has had an adverse effect on another deliverable. This could have been avoided if the project team had implemented:

A. Quality assurance

B. A stakeholder management plan

C. Project team building

D. Integrated change control

View answer

Correct Answer: D

Question #22

What is the term assigned to products or services having the same functional use but different technical characteristics?

A. Scope

B. Quality

C. Specification

D. Grade

View answer

Correct Answer: D

Question #23

Which change request is an intentional activity that realigns the performance of the project work with the project management plan?

A. Update

B. Preventive action

C. Defect repair

D. Corrective action

View answer

Correct Answer: A

Question #24

What happens to a stakeholder's project influence over time?

A. Increases

B. Decreases

C. Stays the same

D. Has no bearing

View answer

Correct Answer: C

Question #25

When painting a bedroom, preparing the walls can be done while the paint is being chosen. This is an example of a:

A. lead

B. lag

C. mandatory dependency

D. internal dependency

View answer

Correct Answer: C

Question #26

The Monitoring and Controlling Process Group includes processes that:

A. Establish the scope, objectives, and course of action of a project,

B. Define a new project or a new phase of an existing project

C. Track, review, and regulate the progress and performance of a project

D. Complete the work defined in the project management plan

View answer

Correct Answer: A

Question #27

Which tool or technique is used in the Perform Integrated Change Control process?

A. Decomposition

B. Modeling techniques

C. Resource optimization

D. Meetings

View answer

Correct Answer: D

Question #28

An effective technique for resolving conflict that incorporates multiple viewpoints from differing perspectives to achieve consensus and commitment is:

A. smooth/accommodate

B. force/direct,

C. collaborate/problem solve,

D. compromise/reconcile

View answer

Correct Answer: D

Question #29

Which input to the Manage Stakeholder Engagement process is used to document changes that occur during the project?

A. Issue log

B. Change log

C. Expert judgment

D. Change requests

View answer

Correct Answer: B

Question #30

Assume you wish to provide a process to be more creative in problem solving as on your project you have a somewhat complex scenario that possesses intertwined logical relationships for up to 50 items. The best approach is to______________

A. Design an experiment

B. Use an interrelationship diagraph

C. Conduct a Monte Carlo analysis

D. Use a process decision program chart

View answer

Correct Answer: C

Question #31

Assume that you are a major subcontractor doing work for a prime contractor on a major project. Your change control system should______________

A. Be identical to that of the prime contractor

B. Follow the rigor of international configuration management standards

C. Comply with relevant contractual provisions

D. Only consider approved change requests

View answer

Correct Answer: C

Question #32

Types of internal failure costs include:

A. inspections

B. equipment and training

C. lost business

D. reworking and scrapping

View answer

Correct Answer: A

Question #33

The total of the planned value (PV) is also known as:

A. work breakdown structure (WBS)

B. schedule target

C. performance measurement baseline (PMB)

D. earned value baseline

View answer

Correct Answer: D

Question #34

An output of the Perform Integrated Change Control process is:

A. Deliverables

B. Validated changes

C. The change log

D. The requirements traceability matrix

View answer

Correct Answer: D

Question #35

Which activity may occur at project or phase closure?

A. Acceptance of deliverables

B. Change requests

C. Project management plan updates

D. Benchmarking

View answer

Correct Answer: C

Question #36

The cost of nonconformance in a project includes:

A. testing

B. rework

C. inspections

D. training

View answer

Correct Answer: D

Question #37

The purpose of the Project Communications Management Knowledge Area is to:

A. Monitor and control communications throughout the entire project life cycle

B. Maintain an optimal flow of information among all project participants

C. Develop an appropriate approach for project communications

D. Ensure timely and appropriate collection of project information

View answer

Correct Answer: C

Question #38

The degree, amount, or volume of risk that an organization or individual will withstand is known as its risk:

A. Analysis

B. Appetite

C. ToleranceD

View answer

Correct Answer: B

Question #39

The cost benefit analysis tool is used for creating:

A. Pareto charts

B. quality metrics

C. change requests,D

View answer

Correct Answer: B

Question #40

You are working on the next generation of software for mobile phones for your telecommunications company. While time to market is critical, you know from your work on other projects that management reviews can be helpful and plan to use them on your project. You are documenting them as part of your______________.

A. Governance plan

B. Change management plan

C. Performance reviews

D. Project management plan

View answer

Correct Answer: A

Question #41

You are managing a project to introduce a new product to the marketplace that is expected to have a very long life. In this situation, the concept of being temporary, which is part of the definition of a project,______________.

A. Does not apply because the project will have a lasting result

B. Does not apply to the product to be created

C. Recognizes that the project team will outlive the actual project

D. Does not apply because the project will not be short in duration

View answer

Correct Answer: D

Question #42

A process is defined as:

A. A set of interrelated actions and activities performed to achieve a certain objective

B. A set of guidelines that explains how to carry out a particular task

C. The inputs for a task and the tools and techniques required to carry out the task

D. A collection of logically related project activities, usually culminating in the completion of a major deliverable

View answer

Correct Answer: C

Question #43

Which of the following is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen?

A. Sensitivity analysis

B. Three-point estimate

C. Modeling and simulation

D. Expected monetary value analysis

View answer

Correct Answer: A

Question #44

Which written document helps monitor who is responsible for resolving specific problems and concerns by a target date?

A. Project Plan

B. Responsibility Matrix

C. Issue Log

D. Scope Document

View answer

Correct Answer: B

Question #45

You are beginning a new project staffed with a virtual team located across five countries. To help avoid conflict in work priorities among your team members and their functional managers, you ask the project sponsor to prepare a______________.

A. Memo to team members informing them that they work for you now

B. Project charter

C. Memo to the functional managers informing them that you have authority to direct their employees

D. Human resource management plan

View answer

Correct Answer: C

Question #46

Perform Quality Control is accomplished by:

A. Identifying quality standards that are relevant to the project and determining how to satisfy them

B. Monitoring and recording the results of executing the quality activities to assess performance and recommend necessary changes

C. Ensuring that the entire project team has been adequately trained in quality assurance processes

D. Applying Monte Carlo, sampling, Pareto analysis, and benchmarking techniques to ensure conformance to quality standards

View answer

Correct Answer: D

Question #47

Which type of contract gives both the seller and the buyer flexibility to deviate from performance with financial incentives?

A. Cost Plus Incentive Fee (CPIF)

B. Fixed Price Incentive Fee (FPIF)

C. Cost Pius Award Re (CPAF)

D. Time and Material (T&M)

View answer

Correct Answer: C

Question #48

Which document describes the procurement item in sufficient detail to allow prospective sellers to determine if they are capable of providing the products, services, or results?

A. Procurement management plan

B. Procurement statement of work

C. Request for proposal

D. Request for quote

View answer

Correct Answer: A

Question #49

Activities on the critical path have which type of float?

A. Zero free float

B. Zero or negative float

C. Negative and positive float

D. Zero or positive float

View answer

Correct Answer: A

Question #50

A collection of projects managed as a group to achieve strategic objectives is referred to as a:

A. plan

B. process

C. program

D. portfolio

View answer

Correct Answer: A

Question #51

The purpose of economic value added (EVA) is to______________.

A. Determine the opportunity costs associated with the project

B. Determine a non-time-dependent measure of profit or return

C. Assess the net operating profit after taxes

D. Evaluate the return on capital percent versus the cost of capital percent

View answer

Correct Answer: B

Question #52

Which of the following is a complete set of indexed contract documentation, including the closed contract?

A. Procurement package

B. Negotiated settlements

C. Procurement file

D. Procurement management plan

View answer

Correct Answer: B

Question #53

You are responsible for a project management training curriculum that is offered throughout the organization. In this situation, your intangible deliverables are______________.

A. Employees who can apply the training effectively

B. Training materials for each course

C. Certificates of completion for everyone who completes the program

D. The training curriculum as advertised in your catalog

View answer

Correct Answer: C

Question #54

Which of the following statements best describes attribute sampling versus variables sampling?

A. Attribute sampling is concerned with prevention, whereas variables sampling is concerned with inspection

B. Attribute sampling is concerned with conformance, whereas variables sampling is concerned with the degree of conformity

C. Attribute sampling is concerned with special causes, whereas variables sampling is concerned with any causes

D. Both are the same concept

View answer

Correct Answer: B

Question #55

In a weak matrix, the project managers role is:

A. part-time

B. full-time

C. occasional

D. unlimited

View answer

Correct Answer: B

Question #56

In complex projects/ initiating processes should be completed:

A. Within a work package

B. In each phase of the project

C. To estimate schedule constraints

D. To estimate resource allocations

View answer

Correct Answer: C

Question #57

Your project is proceeding according to schedule. You have just learned that a new regulatory requirement will cause a change in one of the project's performance specifications. To ensure that this change is incorporated into the project management plan, you should______________.

A. Call a meeting of the change control board

B. Change the WBS, project schedule, and project plan to reflect the new requirement

C. Prepare a change request

D. Immediately inform all affected stakeholders of the new approach to take on the project

View answer

Correct Answer: B

Question #58

Based on the following metrics: EV=$20,000, AC=$22,000, and PV=$28,000, what is the project CV?

A. -8000

B. -2000

C. 2000

D. 8000

View answer

Correct Answer: A

Question #59

A technique used to determine the cause and degree of difference between baseline and actual performance is:

A. Product analysis

B. Variance analysis

C. Document analysis,

D. Decomposition

View answer

Correct Answer: A

Question #60

The following chart contains information about the tasks in a project. Based on the chart, what is the cost variance (CV) for Task 6?

A. -2,000

B. 0

C. 1,000

D. 2,000

View answer

Correct Answer: C

Question #61

Reserve analysis is a tool and technique used in which process?

A. Plan Risk Management

B. Plan Risk Responses

C. Identify RisksD

View answer

Correct Answer: B

Question #62

A project manager needs to deliver the project 2 weeks before the planned date without changing the scope. Which of the following techniques may be applied to reevaluate the schedule?

A. What-if scenario analysis

B. Critical chain method

C. Schedule crashing

D. Resource leveling

View answer

Correct Answer: B

Question #63

Project quality management was once thought to include only inspection or quality control. In recent years, the concept of project quality management has broadened. Which statement is NOT representative of the new definition of quality management?

A. Quality is designed into the product or service, not inspected into it

B. Quality is the concern of the quality assurance staff

C. Customers require a documented and, in some cases, registered quality assurance system

D. National and international standards and guidelines for quality assurance systems are available

View answer

Correct Answer: B

Question #64

Which of the following is an output of the Monitor and Control Project Work process?

A. Change requests

B. Performance reports

C. Organizational process assets

D. Project management plan

View answer

Correct Answer: D

Question #65

Assume that your actual costs are $800; your planned value is $1,200; and your earned value is $1,000. Based on these data, what can be determined regarding your schedule variance?

A. At +$200, the situation is favorable as physical progress is being accomplished ahead of your plan

B. At -$200, the physical progress is being accomplished at a slower rate than is planned, indicating an unfavorable situation

C. At +$400, the situation is favorable as physical progress is being accomplished at a lower cost than was forecasted

D. At -$200, you have a behind-schedule condition, and your critical path has slipped

View answer

Correct Answer: B

Question #66

Which of the following tools will be used to produce performance reports that provide information to stakeholders about project cost, schedule progress, and performance?

A. Communications methods

B. Reporting systems

C. Forecasting methods

D. Variance analysis

View answer

Correct Answer: B

Question #67

Change requests are an output from which Project Integration Management process?

A. Direct and Manage Project Execution

B. Develop Project Management Plan

C. Close Project

D. Develop Project Charter

View answer

Correct Answer: D

Question #68

Which of the following will provide the basis for estimating, scheduling, executing, and monitoring and controlling project work?

A. Activities

B. Milestone list

C. Work breakdown structure (WBS)

D. Work packages

View answer

Correct Answer: B

Question #69

The CPI is .92, and the EV is US$172,500.What is the actual cost of the project?

A. US$158,700

B. US$172,500

C. US$187,500

D. US$245,600

View answer

Correct Answer: D

Question #70

During which process would you obtain stakeholders' formal acceptance of the completed project scope?

A. Quality control

B. Scope verification

C. Scope control

D. Close project

View answer

Correct Answer: C

Question #71

Which item is a cost of conformance?

A. Training

B. Liabilities

C. Lost business

D. Scrap

View answer

Correct Answer: D

Question #72

An input to the Control Quality process is:

A. Activity attributes

B. Quality control measurements

C. Enterprise environmental factors

D. Deliverables

View answer

Correct Answer: C

Question #73

The process for performing variance analysis may vary, depending on:

A. scenario building, technology forecasting, and forecast by analogy

B. working relationships among various stakeholders and team members

C. application area, the standard used, and the industry,

D. work to be completed next

View answer

Correct Answer: A

Question #74

You want to minimize the impact of changes on your project, yet you want to ensure that change is managed when and if it occurs. This can be done through each of the following ways EXCEPT______________.

A. Rejecting requested changes

B. Approving changes and incorporating them into a revised baseline

C. Documenting the complete impact of requested changes

D. Ensuring that project scope changes are reflected in changes to product scope

View answer

Correct Answer: B

Question #75

Which of the following is a schematic display of the project's schedule activities and the logical relationships among them?

A. Gantt chart

B. Project schedule network diagram

C. Project milestone list

D. Activity list

View answer

Correct Answer: B

Question #76

Variance and trend analysis is a tool and technique used in which process?

A. Perform Qualitative Risk Analysis

B. Perform Quantitative Risk Analysis

C. Control Risks

D. Plan Risk Responses

View answer

Correct Answer: C

Question #77

You and your project team recognize the importance of project scope management to a project's overall success; therefore, you include only the work required for successful completion of the project. The first step in the Project Scope Management process is to______________

A. Clearly distinguish between project scope and product scope

B. Prepare a scope management plan

C. Define and document your stakeholders' needs to meet the project's objectives

D. Capture and manage both project and product requirements

View answer

Correct Answer: A

Question #78

Control accounts______________

A. Are charge accounts for personnel time management

B. Summarize project costs at level 2 of the WBS

C. Identify and track management reserves

D. Represent the basic level at which project performance is measured and reported

View answer

Correct Answer: D

Question #79

A risk response strategy in which the project team shifts the impact of a threat, together with ownership of the response, to a third party is called:

A. mitigate

B. accept

C. transfer

D. avoid

View answer

Correct Answer: A

Question #80

Testing falls into which of the following categories of cost of quality?

A. Internal failure costs

B. Prevention costs

C. Appraisal costs

D. External failure costs

View answer

Correct Answer: B

Question #81

The following chart contains information about the tasks in a project. Based on the chart, what is the cost performance index (CPI) for Task 2?

A. 0

B. 1

C. 1

D. 1

View answer

Correct Answer: C

Question #82

Your project scheduler has just started working with your project and has produced defective reports for the past two accounting cycles. If this continues, these defective reports could provide the potential for customer dissatisfaction and lost productivity that is due to rework. You discovered that the project scheduler needs additional training on using the scheduling tool that is used on your project. The cost of training falls under which one of the following categories?

A. Overhead costs

B. Failure costs

C. Prevention costs

D. Indirect costs

View answer

Correct Answer: B

Question #83

Which type of manager is assigned by the performing organization to lead the team that is responsible for achieving the project objectives?

A. Program

B. Functional

C. Project

D. Portfolio

View answer

Correct Answer: A

Question #84

Recently your company introduced a new set of "metal woods" to its established line of golfing equipment. However, in the past weeks many of the clubs have been returned because of quality problems. You decide to conduct a failure mode and criticality analysis to______________

A. Analyze the product development cycle after product release to determine strengths and weaknesses

B. Evaluate failure modes and causes associated with the design and manufacture of this product

C. Evaluate failure modes and causes associated with the design and manufacture of a new product to replace the clubs

D. Help management set priorities in its existing manufacturing processes to avoid failures

View answer

Correct Answer: B

Question #85

When a process is within acceptable limits, it______________

A. Should not be adjusted

B. May not be changed to provide improvements

C. Shows differences caused by expected events or normal causes

D. Should not be inspected or reworked for any reason

View answer

Correct Answer: A

Question #86

Using parametric estimating, if an assigned resource is capable of producing 120 units per hour, how many hours are required to produce 12,000 units?

A. 100

B. 120

C. 1,000

D. 1,200

View answer

Correct Answer: B

Question #87

Projects can intersect with an organization's operations at various points during the product life cycle such as:

A. When there is an operations shutdown (i

B. When developing new products, upgrading products, or expanding outputs

C. When a project transitions from a temporary to a permanent status

D. When the project manager is promoted to operations manager

View answer

Correct Answer: A

Question #88

An output of the Manage Project Team process is:

A. project management plan updates

B. project staff assignments updates

C. team performance assessments

D. resource calendar updates

View answer

Correct Answer: C

Question #89

You are managing a large project with 20 key internal stakeholders, eight contractors, and six team leaders. You must devote attention to effective integrated change control. This means you are concerned primarily with______________.

A. Reviewing, approving, and controlling changes

B. Maintaining baseline integrity, integrating product and project scope, and coordinating change across knowledge areas

C. Integrating deliverables from different functional specialties on the project

D. Establishing a change control board that oversees the overall project changes

View answer

Correct Answer: C

Question #90

What type of reward can hurt team cohesiveness?

A. Sole-sum

B. Win-lose

C. Lose-win

D. Partial-sum

View answer

Correct Answer: B

Question #91

Which schedule compression technique has phases or activities done in parallel that would normally have been done sequentially?

A. Crashing

B. Fast tracking

C. Leads and lags adjustment

D. Parallel task development

View answer

Correct Answer: B

Question #92

Which tool or technique is used to manage change requests and the resulting decisions?

A. Change control tools

B. Expert judgment

C. Delphi technique

D. Change log

View answer

Correct Answer: C

Question #93

Your approved cost baseline has changed because of a major scope change on your project. Your next step should be to______________

A. Estimate the magnitude of the scope change

B. Issue a change request

C. Document lessons learned

D. Execute the approved scope change

View answer

Correct Answer: D

Question #94

Ideally, a project manager should be selected and assigned at which point in the project life cycle?

A. During the initiating processes

B. During the project planning process

C. At the end of the concept phase of the project life cycle

D. Prior to the beginning of the development phase of the project life cycle

View answer

Correct Answer: A

Question #95

Projects are supposed to succeed, not fail. However, termination is an option to consider when all but which one of the following conditions exist?

A. The customer's strategy has changed

B. There are new stakeholders

C. Competition may make the project results obsolete

D. The original purposes for the project have changed

View answer

Correct Answer: B

Question #96

Which of the following calculations CANNOT be used to determine EAC?

A. EV to date plus the remaining project budget

B. Accepts actual costs and predicts future ETC work will be done at the budgeted rate

C. Assumes what the program has experienced can be expected to continue

D. ETC will be performed at an efficiency rate considering both the CPI and SPI

View answer

Correct Answer: A

Question #97

What's budget?

A. Monitoring & Controlling

B. Executing

C. Planning

D. Initiating

View answer

Correct Answer: C

Question #98

The three types of estimates that PERT uses to define an approximate range for an activity's cost are:

A. Parametric, most likely, and analogous

B. Least likely, analogous, and realistic

C. Parametric, optimistic, and pessimistic

D. Most likely, optimistic, and pessimistic

View answer

Correct Answer: B

Question #99

An output of Control Schedule is:

A. A project schedule network diagram

B. A schedule management plan

C. Schedule data

D. Schedule forecasts

View answer

Correct Answer: D

Question #100

Which of the Perform Quality Assurance tools and techniques may enhance the creation of the work breakdown structure (WBS) to give structure to the decomposition of the scope?

A. Activity network diagrams

B. Affinity diagrams

C. Matrix diagrams

D. Interrelationship digraphs

View answer

Correct Answer: C

Question #101

Which technique helps to determine the risks that have the most potential impact on a project?

A. Cost risk simulation analysis

B. Expected monetary value analysis

C. Modeling and simulation

D. Sensitivity analysis

View answer

Correct Answer: B

Question #102

Which of the following is a tool for analyzing a design, determining its functions, and assessing how to provide those functions' cost effectively?

A. Pareto diagram

B. Value analysis

C. Configuration management

D. Value engineering

View answer

Correct Answer: B

Question #103

Quality and credibility of the qualitative risk analysis process requires that different levels of the risk's probabilities and impacts be defined is the definition of what?

A. Risk breakdown structure (RBS)

B. Risk probability and impact

C. Qualitative risk analysisD

View answer

Correct Answer: D

Question #104

Which of the following is an input into the Develop Project Team process?

A. Enterprise environmental factors

B. Organizational process assets

C. Project staff assignments

D. Performance reports

View answer

Correct Answer: C

Question #105

When cost variance is negative and schedule variance is positive, the project is:

A. under budget and behind schedule

B. over budget and ahead of schedule

C. on schedule

D. complete; all planned values have been earned

View answer

Correct Answer: A

Question #106

The method of calculating the EAC by assuming the ETC work will be performed at the same cumulative CPI incurred by the project to date is used most often when______________

A. Current variances are viewed as atypical ones

B. Original estimating assumptions are no longer reliable because conditions have changed

C. Current variances are viewed as typical of future variances

D. Original estimating assumptions are considered to be fundamentally flawed

View answer

Correct Answer: B

Question #107

What is the difference between the critical path and the critical chain?

A. Scope changes

B. Resource limitations

C. Risk analysis

D. Quality audits

View answer

Correct Answer: B

Question #108

Your management has prescribed that a quality audit be conducted at the end of every phase in a project. This audit is part of the organization's______________

A. Quality assurance process

B. Quality control process

C. Quality improvement program

D. Process adjustment program

View answer

Correct Answer: D

Question #109

What do composite organizations involve?

A. Functional and project managers

B. Functional managers only

C. Project managers only

D. Technical managers and project managers

View answer

Correct Answer: C

Question #110

Which is a tool used in monitoring and controlling project work?

A. Work performance information

B. Project management information system (PMIS)

C. Activity duration estimates

D. Scheduled network analysis

View answer

Correct Answer: D

Question #111

Analogous cost estimating relies on which of the following techniques?

A. Expert judgment

B. Project management software

C. Vendor bid analysis

D. Reserve analysis

View answer

Correct Answer: B

Question #112

The first step in collecting requirements on any project, large or small, is to______________

A. Talk with the project stakeholders through interviews

B. Review the scope management plan

C. Conduct facilitated workshops with stakeholders

D. Prepare a requirements document template that you and your team can use throughout the collect requirements process

View answer

Correct Answer: A

Question #113

In Project Cost Management, which input is exclusive to the Determine Budget process?

A. Scope baseline

B. Organizational process assets

C. Project schedule

D. Resource calendars

View answer

Correct Answer: D

Question #114

You are the project manager in charge of developing a new shipping container for Globus Ocean Transport, which needs to withstand winds of 90 knots and swells of 30 meters. In determining the dimension of the container and the materials to be used in its fabrication, you convene a group of knowledgeable professionals to gather initial requirements, which will be included in the______________.

A. Project charter

B. Bill of materials

C. WBS

D. Project Statement of Work

View answer

Correct Answer: A

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