PMP® Practice Quiz - 2
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You are in the process of determining the types of contracts to be used, need for standardized procurement documents, and ways of managing multiple providers. You can get the guidance for doing these activities through: *
1 point
There are three projects: Project A has an investment of $ 3,000,000 and NPV of $ 300,000; Project B has an investment of $ 2,000,000, payback period of 2 years, and NPV of $ 200,000; Project C has an investment of $ 1,000,000, payback period of 2 years, and NPV of $ 100,000; Which project should be selected if Net Present Value criterion is used for selection? *
1 point
You're managing a project to fulfill a military contract. Your project team is assembled, and work has begun. Your government project officer informs you that a supplier that you depend on has lost the contract to supply a critical part. You consult your risk register and discover that you did not plan for this. What's the BEST way to handle this situation? *
1 point
A production process has been defined as part of an industrial equipment manufacturing project. The process is intended to produce steel bolts with a length of 20 cm. The control limits are 19.955cm and 20.045cm. The measurements made at the end of the process yielded the following results: 20.033cm, 19.982cm, 19,995cm, 20.006cm, 19.970cm, 19.968cm, 19.963cm, 19.958cm, 19.962cm, 19.979cm, 19.959cm. What should be done? *
1 point
Ten members were assigned in advance to your project. This pre-assignment could be because of all the following reasons EXCEPT: *
1 point
How close to actual costs should a definitive budget estimate be? *
1 point
The sales representative of your company recently contacted you. You made some estimates on direct costs for an offer on a firm fixed-price contract. According to company policies, indirect costs (overheads) are to be calculated as a percentage of the direct costs, the sum of both cost types caused him to calculate a far too high price. How should you NOT react? *
1 point
You are managing a design project. You find that bringing all of your team members into a single room to work increases their communication, and helps build a sense of community. This is referred to as a ____. *
1 point
You are managing the release of a new drug in the market. Your role is that of a: *
1 point
You are going to take over a new project as the project manager in an enterprise unknown to you. What should you investigate during the chartering process? *
1 point
Which parts of the risk management process use the project scope statement as an input? *
1 point
All of the following are actions a project manager should do. However, which of the following could have the biggest impact on a project? *
1 point
Which of the following BEST describes what is included in a staffing management plan? *
1 point
What is the meaning of the acronym CSOW? *
1 point
A project manager reported the following Earned value data: PV: $12,400,000; EV: $14,500,000; AC: $14,500,000. What does this mean *
1 point
The scope baseline is a component of the project management plan and is critical for you to Verify Scope and Perform Scope Control. Which of the following is not a component of the scope baseline? *
1 point
A project manager receives a change request from the customer. The change requires adding a new filtration system to the project in place of a cleaner bag. When the project manager evaluates the change, it is MOST important that she consider the impact on the: *
1 point
A project manager is trying to coordinate all the activities on the project and has determined the following: Activity 1 can start immediately and has an estimated duration of 1 week. Activity 2 can start after activity 1 is completed and has an estimated duration of 4 weeks. Activity 3 can start after activity 2 is completed and has an estimated duration of 5 weeks. Activity 4 can start after activity 1 is completed and has an estimated duration of 8 weeks. Both activities 3 and 4 must be completed before the end of the project. If there is an approved change to Activity 4 and it now takes 10 weeks, what is the duration of the critical path? *
1 point
A project manager for a large international bank has a project team that just implemented an electronic funds project involving four large vendors. The project manager struggled through every part of the procurement process since the bank had a weak internal procurement department. What would be the MOST appropriate thing to do to ensure the problems are resolved for future projects? *
1 point
In addition to a project management plan, the project team must create plans for each component of the project. These plans are called: *
1 point
The customer accepted your project's product two weeks ago, but recently complained that some of the product features are not as desired and that the product is not functioning properly. What should you do FIRST? *
1 point
Which of the following is used to monitor low-priority risks? *
1 point
You are a project manager who was just assigned to take over a project from another project manager who is leaving the company. The previous project manager tells you that the project is on schedule, but only because he has constantly pushed the team to perform. What is the FIRST thing you should do as the new project manager? *
1 point
A junior project manager at your company does not know how to perform earned value analysis. You spend a weekend with him to teach him how to do this. This is an example of: *
1 point
All the following types of costs are incurred to ensure compliance to requirements EXCEPT: *
1 point
The program was planned years ago, before there was a massive introduction of new technology. While planning the next project in this program, the project manager has expanded the scope management plan because as a project becomes more complex, the level of uncertainty in the scope: *
1 point
In your new project the objective is to develop a new drug. After doing financial analysis, your finance manager provided you with these statistics: 30% probability of success with benefits of $ 700,000; 70% probability of failure with loss of $ 300,000. Based on this information, you: *
1 point
Quality is: *
1 point
The engineering resource group, a matrixed organization of which a project manager's project team is a part, has a policy of no salary bonuses for project work. The project manager's current project has an aggressive timeline and a difficult technical obstacle to overcome. A new product offering is dependent on this project's success in the current timeline. The project manager has heard grumbling from his team members about the fact that they cannot be rewarded for their effort. What is the FIRST thing the project manager should do? *
1 point
Post mortem Earned value analysis of a project showed the following data: SPI: 0.78; CPI: 1.00. What is this telling you? *
1 point
All the following statements about a project life cycle are correct EXCEPT: *
1 point
Stakeholders can be identified in which project management process groups? *
1 point
In the planning process group of your project, it is apparent that factions within the client's company have significantly different views on how the project should be structured and how the deliverables should be defined. Which of the following is the BEST thing to do? *
1 point
Mary is a project manager at a consulting company. The company regularly builds teams to create products for clients. When the product is delivered, the team is dissolved and assigned to other projects. What kind of organization is she working for? *
1 point
Almost all projects are planned and implemented in a social, economic, or environmental context, and have intended and unintended positive or negative impacts. In this context, which of the following statements about enterprise environmental factors is NOT true? *
1 point
During the course of your project, you notice that most of the changes occurring on the project come from the research department. What should you do? *
1 point
You are the project manager with seven team members. One more member will be joining the team after a week. What will be the number of communication channels once the new member joins your team? *
1 point
The project manager has a project that is three months behind but is surprisingly markedly under budget. She has decided to try to make up time, but needs to minimize the project risk. What is the BEST thing to do? *
1 point
While creating a project schedule, what duration should a milestone have? *
1 point
Originally, your project had five team members. Now the scope has expanded, and there are a total of eight people on the project team. How many communication channels have been added? *
1 point
You receive 25 new computers from the seller, but were expecting only 20. In looking at the contract, you see that it says "seller to provide twenty (25) computers." What should you do FIRST? *
1 point
Which of the following is CORRECT? *
1 point
A person you are working with has just passed the PMP exam. You are familiar with her experience, and you know she does not meet PMI's experience requirement for taking the PMP exam. What is the BEST thing to do? *
1 point
A project manager for a large bank is in charge of developing a new certificate of deposit product, which needs information technology systems development. His internal information technology staff does not have expertise in the technology needed for this project, so he must contract out the work. Unfortunately, he does not have time or the information to develop a detailed procurement statement of work, but this effort is likely to be large. In this situation, what is the BEST type of contract? *
1 point
One of your team members was late for a critical bidder conference which caused a lot of confusion. In this context, *
1 point
A project manager is creating a report of the final status of a closed project to the stakeholders. Which of the following is NOT used in a final project report to communicate the status of a project? *
1 point
Which of the following is NOT an example of active listening? *
1 point
In your project, you are using project files, records, and closed contracts to determine the cost of many categories of resources. This will help you to estimate the cost of the resources needed to complete the project activities. This information is available to you as a part of: *
1 point
As a project manager, you are interested in creating a detailed project scope statement to clearly define what work will be performed and what work is going to be excluded. The detailed project scope statement would include all the following documents EXCEPT: *
1 point
The management theory that all people can direct their own efforts is: *
1 point
A cost baseline is an output of which cost management process? *
1 point
As you determine the requirements, constraints and assumptions for the project you record them in which document? *
1 point
As a project manager, you are presented with the following information on the net present value (NPV) of several potential projects. Which project is your BEST choice? *
1 point
You are managing a project that has a TCPI of 1.19. What is the BEST course of action? *
1 point
Joe is the project manager of a large software project. When it's time to identify risks on his project, he contacts a team of experts and has them all come up with a list and send it in anonymously. What technique is Joe using? *
1 point
Your director has appointed you as a portfolio manager in the company. Your responsibility as a portfolio manager is to: *
1 point
What is a program? *
1 point
Measuring the height of one of the tables manufactured by your company to determine if it meets your quality standards is an example of measuring: *
1 point
You are a retail company which routinely buys goods from foreign countries. Since currency fluctuation is an important risk, you keep all other factors constant and try to find out how much your project will be impacted if the currency rate fluctuates by 5%, 10%, 20% or 25%. This helps you determine appropriate risk response. This can also be effectively shown using: *
1 point
Your company manufactures bearings for the automobile industry. Control charts are used to determine whether or not a process is stable or has predictable performance. Specification limits help to determine: *
1 point
Determining cost and schedule reserves, identifying risks requiring the most attention, and determining the overall project risk exposure are all part of the processes of Perform Qualitative Risk Analysis, Perform Quantitative Risk Analysis, and: *
1 point
You are a project manager in a large organization that uses a matrix structure for projects. You have been asked to investigate what organizational structure your competitors use and how this affects their ability to manage projects successfully. How would you describe the MAIN difference between a matrix organization and a functional organization? *
1 point
According to the 80/20 rule, 80 percent of the problems are because of 20 percent of the causes. To identify the most probable defects and to evaluate nonconformities, you do a rank ordering of the defects using: *
1 point
Two project team members have resigned from your company. However, you are able to negotiate with functional managers in your organization to get two resources quickly as substitutes. From a stakeholder management point of view, this can be referred to as: *
1 point
A WBS is BEST described as a tool for tracking: *
1 point
If project time and cost are not as important as the number of resources used each month, which of the following is the BEST thing to do? *
1 point
During completion of the project, you notice that a deliverable, integral to the project, has not been received. The seller says that the work is not part of the contract. You remember discussing it during negotiations and even coming to agreement, but you cannot find it in the contract. Which of the following BEST describes this situation? *
1 point
You would like to use decomposition for subdivision of project deliverables into smaller, more manageable components until the work and deliverables are defined to the work package level. All of the following statements on decomposition are correct EXCEPT: *
1 point
You have just walked into your office when you receive an e-mail from the sponsor notifying you that the auditing team will soon be in your office to start a risk audit of your project. The next e-mail you receive has been forwarded to you, and involves conflict between two team members. You are immediately bombarded with phone calls from both parties to the e-mail complaining about the other. Which conflict resolution technique would you immediately use with the team members? *
1 point
In your project, you could use all the following strategies for opportunities EXCEPT: *
1 point
The project team is working on an important and complex project that requires a lot of coordination. Under these circumstances, the BEST strategy is to: *
1 point
If a process has a lack of consistency and predictability it is said to be: *
1 point
Who has more power in a strong matrix organization? *
1 point
Your company exhibited a car model in two international auto expos and obtained feedback from the global automobile industry, auto magazines, and others. The company decided to go ahead with the designing and manufacturing of the car, taking into consideration the feedback received. Which of the following methods did your company use to make this decision? *
1 point
An estimate that is -25 percent to +75 percent of actual is considered a: *
1 point
You are managing a software project, when one of your stakeholders needs to make a change that will affect the budget. What defines the processes that you must follow in order to implement the change? *
1 point
All of the following are always part of the Close Project or Phase process EXCEPT: *
1 point
A project manager has managed four projects for the company and is being considered to join the project management office team. The following is discovered during the evaluation of his performance. The project manager's first project had an ending cost variance of -500, used two critical resources, needed to rework the project charter during project executing, and was ranked 14th in priority within the company. The second project finished with a schedule variance of +100, was completed with a vastly compressed schedule, and received a letter of recommendation from the sponsor, but the product of the project was not used. The third project had 23 percent more changes than expected, had an SPI of 0.90, and 25 open items in the issue log when the project was completed. Each of these projects had a cost budget of US $1,000 and 20 to 28 percent more changes than others of its size. The project management office decided not to add this project manager to the team. Which of the following BEST describes why this might have happened? *
1 point
The procurement statement of work is completed on a project. However, the customer is not happy because she wants additional work to be completed. In light of this, what should be done? *
1 point
Which of the following is NOT an example of a project? *
1 point
You're performing Identify Risks on a software project. Two of your team members have spent half of the meeting arguing about whether or not a particular risk is likely to happen on the project. You decide to table the discussion, but you're concerned that your team's motivation is at risk. The next item on the agenda is an discussion of a potential opportunity on the project in which you may be able to purchase a component for much less than it would cost to build. Which of the following is NOT a valid way to respond to an opportunity? *
1 point
Even after carefully performing risk management for the project, you realize that possibility of new risks occurring in the future still exists. You will be able to handle such risks if you perform: *
1 point
You find out that a contractor that you're working with discriminates against women. The contractor is in another country, and it's normal in that country. What should you do? *
1 point
You are the project manager on an information technology project on which you and the sponsor have already approved the scope. An information specialist on your team, after having lunch with a low ranking customer representative working with him on a software project, learns that a simple alteration in the display would be a great addition to the project. The information specialist installs the change with no negative effect on the project schedule and at no additional cost. What action should be taken? *
1 point
You are managing a construction project that was contracted on a fixed price plus incentive (FPIF) basis. The incentives for completing the project early are very large. A not-for-profit cultural organization in the community has raised some concern that the construction site might overlap with an archeological site. As the project manager, you should: *
1 point
You are planning a project that uses the same team as a project that is currently being performed by your company. What should you consult to find information about when those people will be available for your project? *
1 point
You are a project manager in a manufacturing company. You are developing a new product. In this context, you are conducting requirements workshop for the stakeholders to determine the product's critical characteristics. Which technique would you use for this purpose? *
1 point
Which of the following are NOT common Barriers to project team building? *
1 point
In your pharmaceutical company, quality is an important criterion to determine project success. In this context, all the following are examples of cost of non-conformance EXCEPT: *
1 point
A company has just contracted with a well-known software developer to provide services during the planning and design phases of your project. Invoicing requirements were specifically defined within the contract, but limits on the seller's expenses were overlooked. As the project manager, what action should you take? *
1 point
Your team has recommended a change to the scope verification process. What's the first thing you should do? *
1 point
A project manager completed the work package estimating process and then performed a Monte Carlo analysis to determine the amount of risk reserve needed on the project. Why is this incorrect? *
1 point
You are performing administrative closure during the Close Project process. Upon completion of this process, you will have project archives, formal acceptance, and: *
1 point
Testing the entire population would: *
1 point
As a member of the global community of project management professionals, you are entrusted with all the following responsibilities EXCEPT: *
1 point
In your current role as a project manager, you track, review, and regulate the progress of your project. To perform these activities, you take into account all the following EXCEPT: *
1 point
Which statement describes best the term Sink node? *
1 point
Who is ultimately responsible for quality management on the project? *
1 point
An important part of performing stakeholder analysis is documenting quantifiable expectations. Which of the following expectations is quantifiable? *
1 point
You are monitoring and recording results of assessing performance and recommending necessary changes. What do you get from this exercise? *
1 point
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