PMP® Practice Quiz

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PMP® Practice Quiz - 1

Close Procurements is similar to Close Project in that they both involve: *

1 point

Product verification.

Kickoff meetings.

Quality assurance activities.

Creation of the scope verification plan.

The communications management plan is developed to meet the needs of the: *

1 point

Project sponsor.

Team.

Project manager.

Stakeholders.

An activity has an optimistic estimate of 10 days, pessimistic estimate of 16 days, and most likely estimate of 13 days. What is the PERT estimate for the task? *

1 point

13 days.

10 days.

16 days.

Cannot be determined with available information.

All of the following are outputs of the Perform Qualitative Risk Analysis process EXCEPT: *

1 point

Root causes of risk.

Probabilities and impacts.

Risk categorization.

Risk urgency.

In your project, you want to ensure that all prospective sellers have a clear and common understanding of the procurements. In this context, which of the following processes is 'bidder conferences' used as a tool? *

1 point

Close Procurements.

Conduct Procurements.

Administer Procurements.

Plan Procurements.

Two project managers have just realized they are in a weak matrix organization and their power as project managers is quite limited. One figures out that he is really a project expediter and the other realizes he is really a project coordinator. How is a project expediter different from a project coordinator? *

1 point

The project expediter cannot make decisions.

The project expediter can make more decisions.

The project expediter reports to a higher-level manager.

The project expediter has some authority.

As the project manager in a software project which is currently being initiated, you want to assess high level risks. What should you do? *

1 point

Develop the Project charter and a Risk management plan to start identifying risks based on those and other documents.

Identify and analyze risk events using qualitative and quantitative techniques.

Develop contingency plans and fallback plans in case the original plan proves wrong.

Discuss the risks documented in your Risk register with the project key stakeholders.

Dictionary meaning of authority is "power to influence or command thought, opinion, or behavior.” Your authority as a project manager is greatly dependent on: *

1 point

Support from functional managers.

Support from senior management.

Your influencing and leadership skills.

Organizational structure.

Which of the following is generally not regarded to be a motivator according to Frederick Herzberg? *

1 point

Working conditions and interpersonal relations.

Responsibility for enlarged task.

Interest in the task.

Recognition for achievement.

During the project, you realize you need a consultant immediately to begin working on a project. What is the MOST appropriate contract type in this situation? *

1 point

Fixed price (FP)

Start work order

Time and material (T&M)

Cost plus fixed fee (CPFF)

What is NOT true for Change requests? *

1 point

Change requests should always be handled in a controlled and integrative fashion.

Change requests surpassing the formal change control processes can lead to Scope creep.

Professionally managed, change requests can help improving a project and resolving emerging problems.

Change requests are always a sign of bad planning and should therefore be avoided.

Which of the following is NOT an input of the Contract Administration process? *

1 point

Work Performance Information.

Procurement Management Plan.

Contract Management Plan.

Selected Sellers.

What conflict resolution technique is a project manager using when he says, "I cannot deal with this issue now!" *

1 point

Problem solving

Forcing

Withdrawal

Compromising

You are managing a construction project using a fixed price (FP) contract. The contract is structured so that your company will be paid a fee of $85,000 to complete the work. There was a $15,000 overhead cost that your company had to cover. It's now three months into the project, and your costs have just exceeded $70,000. The project has now consumed the entire fee, and your company will now be forced to pay for all costs on the project from this point forward. What's the BEST way to describe this situation? *

1 point

The project manager has overspent the budget.

The project is overdrawn.

The project has reached the point of total assumption.

The project has ceased to be a profit center for the company.

You are working on a construction project. You, your team, and your senior manager all feel that the work is complete. Your stakeholders have communicated their final acceptance of the project. You are now meeting with your team to update the organizational process assets with a record of knowledge gained about the project to help future project managers with their projects. This is BEST described as: *

1 point

Lessons learned.

Project records.

Project management information system (PMIS).

Work performance information.

Which of the following organizational process assets cannot influence the Estimate Activity Durations? *

1 point

Historical duration information.

Project calendars.

Scheduling methodology.

Organization culture and systems.

In your software project, you have a programmer, who constantly professes to know all about project management and keeps challenging his superiors. The programmer is playing the role of: *

1 point

Aggressor.

Conflict maximizer.

Devil's Advocate.

Dominator.

All of the following are common results of risk management EXCEPT: *

1 point

Contract terms and conditions are created.

The project management plan is changed.

The communications management plan is changed.

The project charter is changed.

In what type of organization are employees grouped by specialty? *

1 point

Prioritized

Weak matrix

Strong matrix

Functional

The Scope baseline includes ____. *

1 point

the various management plans of the project.

Schedule baseline and Cost baseline.

Product configuration ID and Statement of work.

WBS dictionary, WBS, Scope statement.

You are having lunch with one of your colleagues. He tells you in confidence that he lied about having a PMP certification, and never actually passed the exam. What is the BEST way to handle this situation? *

1 point

Report the person to PMI.

Report the person to his manager.

Ask him to tell the truth to his manager.

Do nothing because you were told this in confidence.

You are managing a multi-million dollar project that is a joint venture between your company and another organization. You have repeatedly tried to get the contract and the project charter finalized between the two organizations, but there has been a great deal of arguing over language and details. The project's scope has been expanding, costs have been increasing, and the schedule has been regularly lengthening. You learn very suddenly that the project has been cancelled, because the other organization withdrew its share of the funding for the project. What is the MOST likely reason that this occurred? *

1 point

Failure to understand the budgetary process

Inadequate scope management

Lack of sponsor commitment

Poorly done initial cost-benefit analysis

A project manager has been working on a project for six months with the same team, yet the team still shows a lack of support for the project. The BEST thing the project manager can do to obtain the team's support for the project is to: *

1 point

Reevaluate the effectiveness of the reward system in place.

Talk to each team member's boss with the team member present.

Find someone else to be project manager.

Tell the team members he needs their support, and ask the team members why they do not support the project.

The project manager has just received a change from the customer that does not affect the project schedule and is easy to complete. What should the project manager do FIRST? *

1 point

Make the change happen as soon as possible.

Contact the project sponsor for permission.

Go to the change control board.

Evaluate the impacts on other project constraints.

You're managing a project for a military subcontractor to modify the software for a missile guidance system. You're planning the project, and need to take into account information about the company's operating environment. Which of the following is NOT an example of the factors you are looking at? *

1 point

Marketplace conditions.

The forecast for project completion, including ETC and TCPI.

Government standards you need to comply with.

The political climate that can affect your project.

Source selection criteria are an output of which process? *

1 point

Plan Quality

Plan Risk Responses

Plan Procurements

Estimate Costs

The Project Manager has scheduled weekly status meetings with the team. The meetings have been unorganized with multiple people addressing their own needs and taking longer than planned with no discipline. Which of the following would improve the meetings? *

1 point

Create and publish an agenda, and establish the leader of the meeting.

Determine who is in charge of the meeting.

Create and publish an agenda.

Send the team to communication training.

Your bank is launching an advertisement campaign for a new product. You have been instructed by the project sponsor to complete some milestones with the available skilled resources. From a project management perspective, this is: *

1 point

Constraint.

Assumption.

Discretionary dependency.

Mandatory dependency.

Which of the following is NOT a part of quality? *

1 point

Fitness for use.

Conformance to requirements.

Value to the sponsor.

Customer satisfaction.

In your project, you want to ensure that each requirement adds business value by linking it to the business and project objectives. This also provides a means to track requirements throughout the project life cycle, helping to ensure that requirements approved in the requirements documentation are delivered at the end of the project. A tool that you can use is: *

1 point

Requirements documentation.

Brainstorming.

Requirements management plan.

Requirements traceability matrix.

You are a project manager working on a multimillion-dollar project. As the project has progressed, you have become friends with the general contractor. You are working on a US $100,000 change request. She has offered to let you use her boat on the lake this weekend while she is away. What should you do? *

1 point

Accept the offer with thanks.

Decline the offer.

Decline the offer and report it to your supervisor.

Ask your boss to approve your use of the boat.

You are preparing a document using project statement of work, business case, contract, enterprise environmental factors, and organizational process assets. These are valid inputs for: *

1 point

Develop Project Management Plan.

Direct and Manage Project Execution.

Develop Project Charter.

Perform Integrated Change Control.

Which of the following is CORRECT? *

1 point

There must be an attempt to gain a complete product description before the project is initiated (this could be the result of another project to determine the requirements). The product description can be progressively elaborated as the project progresses.

The product description is created during project executing, and the WBS makes use of the knowledge gained while creating the product description.

The WBS must be completed before one creates a project charter, and the communications management plan is included in the project management plan.

The project sponsor creates the product description, which contains the sponsor's requirements, and includes it as part of the documents he sends to the customer.

What's the correct order of the Time Management planning processes? *

1 point

Sequence Activities, Define Activities, Estimate Activity Resources, Estimate Activity Durations, Develop Schedule.

Define Activities, Sequence Activities, Develop Schedule, Estimate Activity Resources, Estimate Activity Durations.

Define Activities, Sequence Activities, Estimate Activity Resources, Estimate Activity Durations, Develop Schedule.

Develop Schedule, Define Activities, Sequence Activities, Estimate Activity Resources, Estimate Activity Durations.

You are doing a project under cost-reimbursable contract where the target price was $ 1,200,000. Your project is nearing completion and CPI is currently 1.3. You are concerned that you will be losing money by billing for less. In this context, you should: *

1 point

Tell your buyer about the CPI as it stands today and explain the reasons for the deviation from the plan.

Invoice for $ 1,500,000 because there are chances for costs being higher in a subsequent project.

Tell the bad news to the buyer and suggest charging more from the customer.

Add some extra features to cause "customer delight".

A project manager in a predominantly hierarchical organization has been assigned a major project with aggressive timelines. The BEST approach for developing an initial project charter in this environment is to: *

1 point

Create a project charter using brainstorming sessions with potential team members and stakeholders.

Create and present a draft project charter to potential team members and stakeholders to solicit their input.

Create a project charter jointly with management for distribution to potential team members and stakeholders.

Create a project charter with the functional managers and present it to the sponsor for signature.

Which of the following is a characteristic of project management processes? *

1 point

Iterative

Unique

Unnecessary

Standardized

A project team is trying to decrease risk on the project. Management has a good relationship with a seller who is experienced in areas that your company is not experienced in. Management wants all activities with a US $50,000 or higher risk to be transferred to the seller. Management believes that this will remove the impact of those higher risks from the project. Why would this NOT be effective? *

1 point

Working with sellers will add more than the $50,000 of risk to the project.

You would have to go through the contracting process.

The transference of a risk does not remove all impacts of the risk.

Management's association with the seller is a conflict of interest for the project.

Calculating estimate to complete (ETC) is done during the: *

1 point

Planning process group.

Initiating process group.

Executing process group.

Monitoring and controlling process group.

A market demand, a business need, and/or legal requirements are examples of: *

1 point

Reasons to hire a project manager.

Reasons projects are initiated.

Reasons people or businesses become stakeholders.

Reasons to sponsor a project.

At the end of a project, a project manager determines that the project has added four areas of functionality and three areas of performance. The customer has expressed satisfaction with the project. What does this mean in terms of success of the project? *

1 point

The project was an unqualified success.

The project was unsuccessful because it was gold plated.

The project was unsuccessful because the customer being happy means they would have paid more for the work.

The project was successful because the team had a chance to learn new areas of functionality and the customer was satisfied.

Your company manufactures bearings for the automobile industry. You have historical information on the identified errors and defects, and you would like to use this information to determine future performance. An appropriate tool which you can use is: *

1 point

Scatter diagram.

Statistical sampling.

Control chart.

Trend analysis.

Generally, when is the BEST time to create a procurement management plan? *

1 point

After the contract is signed

Preceding the Conduct Procurement process

During project initiating

When updating the procurement management plan

Which form of organization retains many characteristics of a functional organization and treats the project manager's role as more of a coordinator or expediter than a manager? *

1 point

Projectized

Functional

Strong matrix

Weak matrix

All of the following are outputs of Develop Human Resource Plan EXCEPT: *

1 point

Roles and responsibilities.

Project organizational charts.

The number of resources needed.

The staffing management plan.

When is it BEST to perform the Close Project or Phase process? *

1 point

At the end of project planning

During project closure

At the end of each project phase

At the beginning of the project with verification throughout the project

You have received a lucrative offer (with double the salary) to manage a project involving construction of a bridge. But you realize that this assignment is much more complex compared to other projects you have managed in the past and you believe that you may not be able to complete this project successfully. In this context, you should: *

1 point

Decline the offer.

Accept the offer and carry out the project to the best of your abilities.

Explain the situation to the project sponsor and ask her to provide you with training to take up PMP certification.

Ask the sponsor to assign a project lead to help you, who is an expert in managing complex bridge projects and can be accountable for the tasks.

A project team member has been having a big disagreement with another team member for over two months when the other team members become involved. The issues are complex, but you have specific experience in the area and know what needs to be done. The BEST choice would be to: *

1 point

Make the decision yourself.

Strive for fair resolution of the issue.

Ask the other team members to stay out of the issue.

Bring the team together and work out the issue to a win-win solution.

Perform Quality Control is the process of monitoring and recording results of executing the quality activities to assess performance and recommend necessary changes. To evaluate quality control outputs, the project team should definitely have a working knowledge of: *

1 point

Prevention and inspection

Sampling and probability

Special causes and random causes

Tolerances and control limits

In your project, you have created a Project Charter and Identified important stakeholders. Now, you want to define and document stakeholders' needs to meet the project objectives. This should be done as part of: *

1 point

Define Scope.

Create WBS.

Collect Requirements.

Plan Risk Management.

While preparing the schedule for the project activities, you find that there is very limited information on activity durations; so you wish to use the actual duration of a previous, similar activity as a basis for estimating future activity. Which estimating tool do you use? *

1 point

Three-point estimates.

Parametric estimating.

Quantitative estimating.

Analogous estimating.

You have a project team of forty people collocated at Houston, Texas. Email and notes are frequently used to communicate among team members. These are examples of which type of communication? *

1 point

Written Formal.

Written Informal.

Oral Formal.

Oral Informal.

Which planning output may be revised and refined as it moves through the procurement process? *

1 point

Contract changes

Procurement documents

Procurement statement of work

Proposals

Giving a team member a corner office is different than giving him health benefits because a corner office is a(n): *

1 point

Perquisite.

Fringe benefit.

Use of the expectancy theory.

Example of formal power.

You are executing a project for a client when they contact you to say they are terminating the contract for convenience. Because of this, the project is now in: *

1 point

Negotiation.

Execution.

Closure.

Procurement audit.

The actual cost of your project is $200,000, budget at completion is $325,000, and the cost variance is -$25,000. From the data above calculate the To-complete performance index of your project, given that , senior management did not agree to revise the estimate at completion based on current performance. AC = 200,000; BAC = 325,000; CV= -25,000 *

1 point

0.7

1.2

0.8

Which of the following statements on time and material contracts is accurate? *

1 point

These types of contracts resemble cost-reimbursable type arrangements, because they are close ended.

T&M contracts cannot grow in value like a cost-reimbursable contract.

The full value of the agreement is defined at the time of contract award.

Unit rates can be fixed by the buyer and seller when both parties agree on the values for specific resource categories.

If you create a contingency reserve to manage risks in your project, this can be referred to as: *

1 point

Avoidance.

Passive acceptance.

Active acceptance.

Mitigation.

Which of the following would be the MOST appropriate thing to do during the planning process group? *

1 point

Determine high-level stakeholders.

Hold a meeting with all stakeholders to make sure everyone is on the same page.

Implement approved process improvements.

Focus on preventing problems rather than dealing with them as they arise.

As a project manager, you are interested in the personal activities of team-members. Other than working with you on the project, the team members love to go out with you for lunch or play an occasional game of golf. The power that you have over the team members is: *

1 point

Penalty power.

Expert power.

Legitimate power.

Referent power.

Which of the following tools is used for adding buffers to a schedule? *

1 point

Three-point estimates.

Critical chain method.

Expert judgment.

Critical path analysis.

You are the project manager in a pharmaceutical company. You are constantly involved in managing stakeholders' expectations to satisfy their needs and resolve issues. In this context, all the following are relevant outputs EXCEPT: *

1 point

Organization process assets updates.

Change requests.

Project management plan updates.

Communications requirements analysis.

All of the following are common outputs of risk management EXCEPT: *

1 point

Contract terms and conditions.

A risk response plan.

Schedule reserves.

An approved project management plan.

Which of the following is NOT a tool or technique of Qualitative Risk Analysis? *

1 point

Risk urgency assessment.

Expected monetary value analysis.

Probability and impact matrix.

Risk categorization.

You are managing a project in a foreign country. You realize that, to get things done for the project, you may have to pay tips to the government officials. You should: *

1 point

Pay tips to the officials -- otherwise they could cause delays.

Refuse to pay tips, as this can be considered unethical.

Make a case for payment of tips to government officials and present it to your management.

Offer gifts instead of paying cash to government officials to get their support.

The customer's expectations for quality are shown on a control chart as the: *

1 point

Mean.

Specification limits.

Rule of seven.

Upper and lower control limits.

As a project manager, you must demonstrate transparency regarding… *

1 point

…confidential information.

…proprietary information.

…distribution of unproven information and gossip.

…your decision making processes.

Your project sponsor takes active interest in monitoring your project and asks you for reports about the project on a weekly basis. In this context, what can you submit to the project sponsor: *

1 point

Earned value analysis data, performance reports, and cost-benefit analysis.

Performance reports, work breakdown structure, and forecasts.

Earned value analysis data, performance reports, and forecasts.

Earned value analysis data, risk management plan, and performance reports.

During which step of procurement management would you make the LEAST use of expert judgment? *

1 point

Plan Procurements

Conduct Procurements

Make-or-buy analysis

Close Procurements

During what part of the procurement process does procurement negotiation occur? *

1 point

Plan Procurements

Close Procurements

Administer Procurements

Conduct Procurements

If a project manager focuses on ensuring that the project satisfies the needs for which it was undertaken, the project manager is involved in: *

1 point

Cost management.

Time management.

Quality management.

Scope management.

All of the following should be determined before the planning process group EXCEPT: *

1 point

Project management team.

Project stakeholders.

Project charter.

Project scope statement.

When do you perform stakeholder analysis? *

1 point

When defining the project scope.

When developing the project charter.

When creating the project management plan.

When putting changes through change control.

Which of the following is NOT true about the project charter? *

1 point

The project charter defines the requirements that satisfy customer needs.

The project charter defines the work authorization system.

The project charter makes the business case that justifies the project.

The project charter includes the milestone schedule.

Which motivational theory espouses the idea that all workers fit into one of two groups? *

1 point

Maslow

Deming

McGregor

Herzberg

There has been a change in the scope of your project, which may adversely impact the project schedules and cost. You have updated the technical and planning documents. All the requested changes and recommended corrective actions will now be processed through: *

1 point

Impact request statements.

Change control system.

Integrated Change Control process.

Changes to the scope management plan.

You have undertaken a project under contract, where you are supposed to create an anti-virus software product for a customer in ten months. You follow the software development life-cycle which includes analysis, high level design, low level design, coding, testing, and rollout, with a deliverable at the end of each phase. Your customer has defined the scope very well, and said that he is going to review your product after ten months. In this case, you should: *

1 point

Insist that the customer verify the deliverables at the end of each phase.

Ask your senior management to review the deliverables at the end of each phase to ensure that the deliverables satisfy customer requirements.

Complete the product as per specifications and provide the completed product to the customer as requested.

Provide project deliverables to the customer at the end of each phase, even if the customer does not review them.

Halfway through the project, the client considers cancelling the remaining work and the contract. It would be BEST to look at which of the following to determine the purpose for the project? *

1 point

The project description and need in the project charter

The WBS dictionary to verify that the scope is correct

The risk response plan to evaluate alternatives

The chart of accounts to determine the estimate at completion

Checklists, fishbone diagrams, and Pareto charts are ALL examples of: *

1 point

Tools used to define scope.

Tools used in quality management.

Tools used in team performance assessments.

Parts of a project management plan.

You have earned a doctorate from MIT and are currently working with a leading chip manufacturer. A seller you met at a vendor conference requested you to be their part-time consultant to design an innovative automobile component. At MIT, you did a similar project and are inclined to participate in the venture, as there is no conflict of interest involved. In this context, it is advisable that you should: *

1 point

Decline the seller's offer, because it could be construed as conflict of interest by your company.

Ask your senior management whether you can participate in this venture.

Leave the company and take up the seller's offer, because it interests you.

Accept the seller's offer and inform senior management.

A project manager is working on a major new product development project when a risk occurs that does not have a risk response plan. What should the project manager do? *

1 point

Hold a risk reassessment and plan a workaround.

Inform management and communicate the new risk to the team.

Communicate the planned response to the stakeholders.

Use some of the reserves to accommodate the risk.

Which question is NOT appropriate for a weighting system to evaluate seller's performance according to weighted criteria? *

1 point

What is the yearly investment in development of personnel per year and employee?.

How many reference customers have been verified by the seller in the specific field?.

What financial status and reputation in the market place could be assessed?.

Has a CV of the prospective project manager been sent with the proposal?.

A project manager has a very large project budget, but the team lacks experience and adequate management support. Under these circumstances, what is the MOST effective way to get the work completed? *

1 point

Provide bonuses for meeting specific quality measures.

Inform the team members that they will be fired if they do not perform.

Spend some of the project budget taking the team members' bosses to lunch and discuss the benefits of the project.

Inform the team they do not need to worry because the project manager will provide the technical expertise.

A project has the following Earned value data assessed: AC: $ 4,000,000; CV: $ -500,000; SPI: 1.12; Back: $ 9,650,000. What is the Earned value of the project? *

1 point

$3,000,000.

$3,500,000.

$4,480,000.

$5,650,000.

A project is ending one of its phases. What should be done before moving on to the next phase? *

1 point

Team meeting

Verify Scope

Management meeting

Scope management

Which of the following is NOT a part of the preliminary scope statement? *

1 point

A list of requested changes.

A list of project deliverables.

The project objectives.

A rough order of magnitude cost estimate.

Progressive elaboration means: *

1 point

Implementation of the project must progress strictly according to the initial project management plan.

Project processes are iterated as more information is uncovered throughout the project life cycle.

Project management plans must be elaborate in order to be effective.

Distinct processes are developed for each project.

You are managing a large construction project that's been broken down into sub-projects (or phases). Each of these sub-projects is scheduled to take between three and six months to complete. At the end of each sub-project, you plan to go through the closing processes and document lessons learned. Which of the following BEST describes what you must do at the beginning of each sub-project or phase? *

1 point

Make sure you don't involve the team, to avoid introducing too much project management overhead.

Develop the preliminary scope statement for the phase.

Use the Earned Value Technique to decide whether or not to finish the project.

Release all resources from the project and contact sellers to renegotiate all contracts.

Slack is a synonym for: *

1 point

Float.

Lag.

Buffer.

Reserve.

You have a choice of four ongoing projects that you can take over as project manager. Project 1 has a benefit cost ratio (BCR) of 1.4, is a high priority project, and has a critical path length of 16 months. Its cost performance index (CPI) is 1.2. Project 2 has a schedule performance index (SPI) of 1.1, is using three critical resources, has a low priority, and has a BCR of 1.1. Project 3 has a CPI of 1.2, an SPI of 0.89, a BCR of 1.6, and a critical path length of 19 months. Project 4 has a CPI of 0.82, an activity with 33 days of float, a hard-to-get resource assigned to activity L, and a priority of keeping cost low. Based on the above, which project would you prefer to take over? *

1 point

Project 1

Project 2

Project 3

Project 4

Your company is concerned about improving its project performance. Internal measures have been created and have helped to identify areas needing improvement. Additional measures of performance are still needed. Which of the following would be the BEST thing to do? *

1 point

Calculate the benefit to cost of purchasing a new piece of equipment.

Determine the project scope and measures to ensure the scope is met.

Perform a root cause analysis on the quality problems that have occurred on the project.

Read a project management magazine each month, and look at the results of other companies' projects to help determine quality measures for future projects.

You're the project manager at a telecommunications company. You recently had stakeholders approach you with changes. You figured out that the changes would cost additional time and money. The stakeholders agreed, you were given additional time and budget, and the changes were approved. Now you have to incorporate the changes into the project. What do you do next? *

1 point

Modify the project charter to include the changes.

Use the work authorization system to make sure the work is performed.

Make sure to track your changes against the project's baseline so you know how much they eventually cost.

Incorporate the changes into the baseline so you can track the project properly.

Your sponsor has asked you to use payback period as a selection criterion to select amongst 5 competing projects. All of the following statements related to payback period are correct EXCEPT: *

1 point

Payback period is the number of years required to get back the initial investment in the project.

Payback period takes the discount rate into account to determine the best possible option.

Payback period is a project selection criterion widely used in conjunction with NPV and IRR to determine the most suitable project.

The initial investment in the project will not impact the selection criteria when payback period is used for project selection.

Calculate the to-complete performance index of your project given that the actual cost of your project is $125,000, cost variance is $65,000, and the budget at completion is $250,000. *

1 point

0.48

1.7

0.3

You are in the process of identifying and documenting the relationships among the project activities. You want to ensure that every activity and milestone except the first and last are connected to at least one predecessor and one successor. Which of the following tools can you use for this purpose? *

1 point

Scheduling tool.

Decomposition.

Schedule network templates.

Schedule compression.

Which of the following statements related to Verify Scope and Perform Quality Control processes is accurate? *

1 point

Verify Scope is concerned with correctness of the work results, while Perform Quality Control is primarily concerned with acceptance of the work results.

Verify Scope is concerned with acceptance of the work results, while Perform Quality Control is primarily concerned with correctness of the work results.

Verify Scope is done only after changes are approved by the change control board.

Both Verify Scope and Perform Quality Control processes are always done sequentially.

If you compare your project within the same application area as a basis for measuring performance, then it is also called: *

1 point

Design of experiments.

Benchmarking.

Organizational process assets.

Functional organization comparison.

Determining the physical resources, quantities of each, and when they would be used is the process of: *

1 point

Resource selection.

Estimate Activity Resources.

Resource Leveling.

Define Activities.

In your project, you are preparing the requirements management plan to define and document stakeholders' need to meet the project's objectives. All of the following are components of the requirements management plan EXCEPT: *

1 point

Traceability structure.

WBS.

Requirements prioritization process.

Product metrics.

Projects may be authorized by all of the following except ____ *

1 point

the project team.

a sponsor.

a PMO.

a portfolio review board.

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