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pmp® exam practice test and study guide

Questions and Answers of PMP® Exam Practice Test And Study Guide

You are in the middle of a complex negotiation when the other party says, "We need to finish in one hour because I have to catch my plane." That person is using which of the following negotiation
As part of the records management system, you are trying to make sure that all records from the procurement are documented and indexed. Which of the following do you NOT have to worry about? A.
The sponsor and the project manager are discussing what type of contract the project manager plans to use on the project. The buyer points out that the performing organization spent a lot of money
A project performed under a cost reimbursable contract has finally entered the Close Procurements process. What MUST the buyer remember to do? A. Decrease the risk rating of the project. B. Audit
In a fixed price (FP) contract, the fee or profit is: A. Unknown. B. Part of the negotiation involved in paying every invoice. C. Applied as a line item to every invoice. D. Determined with the other
Which of the following is the BEST thing for a project manager to do in the Conduct Procurements process of procurement management? A. Evaluate risks B. Select a contract type C. Update the project
Which of the following activities occurs during the Plan Procurements process? A. Make-or-buy decisions B. Answering sellers' questions about the bid documents C. Advertising D. Proposal evaluation
What is one of the KEY objectives during contract negotiations? A. Obtain a fair and reasonable price. B. Negotiate a price under the seller's estimate. C. Ensure that all project risks are
Which of the following BEST describes the project manager's role during the procurement process? A. The project manager has only minor involvement. B. The project manager should be the negotiator. C.
All of the following MUST be present to have a contract EXCEPT: A. Procurement statement of work B. Acceptance C. Address of the seller D. Buyers' signatures
Bidder conferences are part of: A. Plan Procurements. B. Administer Procurements. C. Conduct Procurements. D. Communications Management.
The primary objective of contract negotiations is to: A. Get the most from the other side. B. Protect the relationship. C. Get the highest monetary return. D. Define objectives and stick to them.
All the following statements about change control are incorrect EXCEPT: A. A fixed price contract will minimize the need for change control. B. Changes seldom provide real benefits to the project.
A project manager for the seller is told by her management that the project should do whatever possible to be awarded incentive money. The primary objective of incentive clauses in a contract is to:
All of the following statements concerning procurement documents are incorrect EXCEPT: A. Well-designed procurement documents can simplify comparison of responses. B. Procurement documents must be
With a clear contract statement of work, a seller completes work as specified, but the buyer is not pleased with the results. The contract is considered to be: A. Null and void. B. Incomplete. C.
Which of the following MUST be an agenda item at all team meetings? A. Discussion of project risks B. Status of current activities C. Identification of new activities D. Review of project problems.
During the Identify Risks process, a project manager made a long list of risks identified by all the stakeholders using various methods. He then made sure that all the risks were understood and that
A watchlist is an output of which risk management process? A. Plan Risk Responses B. Perform Quantitative Risk Analysis C. Perform Qualitative Risk Analysis D. Plan Risk Management
A project manager is creating a risk response plan. However, every time a risk response is suggested, another risk is identified that is caused by the response. Which of the following is the BEST
A project team is creating a project management plan when management asks them to identify project risks and provide some form of qualitative output as soon as possible. What should the project team
Monte Carlo analysis is used to: A. Get an indication of the risk involved in the project. B. Estimate an activity's length. C. Simulate the order in which activities occur. D. Prove to management
A project has had some problems, but now seems under control. In the last few months, almost all the reserve has been used up and most of the negative impacts of events that had been predicted have
Which of the following is a chief characteristic of the Delphi technique? A. Extrapolation from historical records from previous projects B. Expert opinion C. Analytical hierarchy process D.
The customer requests a change to the project that would increase the project risk. Which of the following should you do before all the others? A. Include the expected monetary value of the risk in
During project executing, a major problem occurs that was not included in the risk register. What should you do FIRST? A. Create a workaround. B. Reevaluate the Identify Risks process. C. Look for
During project executing, a team member identifies a risk that is not in the risk register. What should you do? A. Get further information on how the team member identified the risk, because you
You have just been assigned as the project manager for a new telecommunications project that is entering the second phase of the project. There appear to be many risks on this project, but no one has
While preparing your risk responses, you identify additional risks. What should you do? A. Add reserves to the project to accommodate the new risks and notify management. B. Document the risk items,
The cost performance index (CPI) of a project is 0.6 and the schedule performance index (SPI) is 0.71. The project has 625 work packages and is being completed over a four-year period. The team
You were in the middle of a two-year project to deploy new technology to field offices across the country. A hurricane caused power outages just when the upgrade was near completion. When the power
An experienced project manager has just begun working for a large information technology integrator. Her manager provides her with a draft project charter and immediately asks her to provide an
A project manager is quantifying risk for her project. Several of her experts are offsite, but wish to be included. How can this be done? A. Use Monte Carlo analysis using the Internet as a tool. B.
During the Plan Risk Management process, your team has come up with 434 risks and 16 major causes of those risks. The project is the last of a series of projects that the team has worked on together.
A project manager has assembled the project team, identified 56 risks on the project, determined what would trigger the risks, rated them on a risk rating matrix, tested their assumptions, and
A project manager asked various stakeholders to determine the probability and impact of a number of risks. He then analyzed assumptions. He is about to move to the next step of risk management. Based
A project manager has just finished the risk response plan for a US $387,000 engineering project. Which of the following should he probably do NEXT? A. Determine the overall risk rating of the
During which risk management process is a determination to transfer a risk made? A. Identify Risks B. Perform Quantitative Risk Analysis C. Plan Risk Responses D. Monitor and Control Risks.
Workarounds are determined during which risk management process? A. Identify Risks B. Perform Quantitative Risk Analysis C. Plan Risk Responses D. Monitor and Control Risks
You are finding it difficult to evaluate the exact cost impact of risks. You should evaluate on a(n): A. Quantitative basis. B. Numerical basis. C. Qualitative basis. D. Econometric basis.
Purchasing insurance is BEST considered an example of risk: A. Mitigation. B. Transfer. C. Acceptance. D. Avoidance.
All of the following are common results of risk management EXCEPT: A. Contract terms and conditions are created. B. The project management plan is changed. C. The communications management plan is
Risk tolerances are determined in order to help: A. The team rank the project risks. B. The project manager estimate the project. C. The team schedule the project. D. Management know how other
All of the following are ALWAYS inputs to the risk management process EXCEPT: A. Historical information. B. Lessons learned. C. Work breakdown structure. D. Project status reports.
What should be done with risks on the watchlist? A. Document them for historical use on other projects. B. Document them and revisit during project monitoring and controlling. C. Document them and
Risks will be identified during which risk management process(es)? A. Perform Quantitative Risk Analysis and Identify Risks B. Identify Risks and Monitor and Control Risks C. Perform Qualitative Risk
If a risk has a 20 percent chance of happening in a given month, and the project is expected to last five months, what is the probability that this risk event will occur during the fourth month of
Assuming that the ends of a range of estimates are +/- 3 sigma from the mean, which of the following range estimates involves the LEAST risk? A. 30 days, plus or minus 5 days B. 22-30 days C.
All of the following are factors in the assessment of project risk EXCEPT: A. Risk event. B. Risk probability. C. Amount at stake. D. Insurance premiums.
A particular stakeholder has a reputation for making many changes on projects. What is the BEST approach a project manager can take at the beginning of the project to manage this situation? A. Say
If a project manager wants to report on the actual project results vs. planned results, she should use a: A. Trend report. B. Forecasting report. C. Status report. D. Variance report.
Stakeholders can be identified in which project management process groups? A. Initiating, planning, executing, monitoring and controlling, and closing B. Initiating and planning C. Planning and
The project has been going well, except for the number of changes being made. The project is being installed into seven different departments within the company and will greatly improve departmental
When do stakeholders have the MOST influence on a project? A. At the beginning of the project B. In the middle of the project C. At the end of the project D. Throughout the project
The purpose of status meetings is to: A. Exchange information about the project. B. Have team members report on what they are doing C. Issue work authorizations D. Confirm the accuracy of the costs
The project has 13 team members and affects over 15 departments in the organization. Because the project is 20 percent complete to date and the team has had successful performance reports from five
A project manager has just been assigned a team that comes from many countries, including Brazil, Japan, the US, and Britain. What is her BEST tool for success? A. The responsibility assignment
During the middle of the project, things have been going well. The work authorization system has allowed people to know when to start work, and the issue log has helped keep track of stakeholders'
Who of the following are ALWAYS stakeholders? A. A person who does not want the project to be completed B. An assembly line worker that will use the product of the project C. A functional manager
A project manager overhears a conversation between two stakeholders who are talking about how unhappy they are with the impacts of the project on their own departments. Stakeholder A asks if the
The project status meeting is not going well. Everyone is talking at the same time, there are people who are not participating, and many topics are being discussed at random. Which of the following
Two people are arguing about what needs to be done to complete a work package. If the project manager wants to know what is going on, she should pay MOST attention to: A. What is being said and when.
Project information has been distributed according to the communications management plan. Some project deliverables have been changed in accordance with the project management plan. One stakeholder
A large, one-year telecommunications project is about halfway done when you take the place of the previous project manager. The project involves three different sellers and a project team of 30
When a project manager is engaged in negotiations, nonverbal communication skills are of A. Little importance. B. Major importance. C. Importance only when cost and schedule objectives are involved.
Communications under a contract should tend toward: A. Formal written communication. B. Formal verbal communication. C. Informal written communication. D. Informal verbal communication.
The MOST likely result of communication blockers is that: A. The project is delayed. B. Trust level is enhanced. C. Conflict occurs. D. Senior management is displeased.
Extensive use of communication is most likely to aid in solving complex problems. A. Verbal B. Written C. Formal D. Nonverbal
A large project is underway when one of the team members reviews the project status report. He sees that the project is currently running late. As he looks at the report further, he notices that the
The project manager is looking at the project's resource needs and lessons learned from past projects. This information causes the project manager to be concerned about the ability to acquire enough
During the first half of the project, five team members left for other projects without being replaced, two team members went on vacation without informing you, and other team members expressed
Which of the following leadership traits is MOST important for a project manager? A. Communication B. Team building C. Technical expertise D. Project control
The management theory that states that all people can direct their own efforts is: A. Theory Y. B. Herzberg's theory. C. Maslow's hierarchy. D. Theory X.
The project CPI is 1.02, the benefit cost ratio is 1.7, and the latest round of performance reviews identified few needed adjustments. The project team was co-located into a new building when the
The project has been challenging to manage. Everyone has been on edge due to pressure to complete the project on time. Unfortunately, the tension has grown to the point where team meetings have
The installation project has a CPI of 1.03 and an SPI of 1.0. There are 14 team members, and each team member had input into the final project management plan. The customer has accepted the three
Conflict resolution techniques that may be used on a project include confronting, smoothing, forcing, and: A. Withdrawing. B. Directing. C. Organizing. D. Controlling.
What theory proposes that employees' efforts will lead to effective performance and the employees will be rewarded for accomplishments? A. Conditional reinforcement B. Malsow's hierarchy C.
A project is in the middle of the executing processes when a stakeholder suggests a major new change. This change will cause the third major overhaul of the project. At the same time, the project
The project is just starting out and consists of people from 14 different departments. The project charter was signed by one person and contains over 30 major requirements that must be met on the
A project has several teams. Team C has repeatedly missed deadlines in the past. This has caused team D to have to crash the critical path several times. As the team leader for team D, you should
A team member is not performing well on the project because she is inexperienced in system development work. There is no one else available who is better qualified to do the work. What is the BEST
You are a project manager leading a cross-functional project team in a weak matrix environment. None of your project team members report to you functionally, and you do not have the ability to
During every project team meeting, the project manager asks each team member to describe the work he or she is doing, and the project manager assigns new activities to team members. The length of
During project planning in a matrix organization, the project manager determines that additional human resources are needed. From whom would he request these resources? A. Project manager B.
You have just been assigned as project manager for a large telecommunications project. This one- year project is about halfway done. The project team consists of 5 sellers and 20 of your company's
What does a resource histogram show that a responsibility assignment matrix does not? A. Time B. Activity C. Interrelationships D. The person in charge of each activity.
What conflict resolution technique is a project manager using when he says, "I cannot deal with this issue now!" A. Problem solving B. Forcing C. Withdrawal D. Compromising
The MOST common causes of conflict on a project are schedules, project priorities, and: A. Personality. B. Resources. C. Cost. D. Management.
Which of the following conflict resolution techniques will generate the MOST lasting solution? A. Forcing B. Smoothing C. Compromise D. Problem solving
The sponsor's role on a project is BEST described as: A. Helping to plan activities. B. Helping to prevent unnecessary changes to project objectives. C. Identifying unnecessary project constraints.
The halo effect refers to the tendency to: A. Promote from within. B. Hire the best. C. Move people into project management because they are good in their technical fields. D. Move people into
All of the following are forms of power derived from the project manager's position EXCEPT: A. Formal. B. Reward. C. Penalty. D. Expert.
Work on a project is ongoing when the project manager overhears two workers arguing over what a set of instructions mean. The project manager investigates and discovers that the instructions for the
Which of the following explain why quality is planned in and not inspected in? A. It reduces quality and is less expensive. B. It improves quality and is more expensive. C. It reduces quality and is
As the project manager, you are preparing your methods for quality management. You are looking for a method that can demonstrate the relationship between events and their resulting effects. You want
The project manager notices that project activities being completed by one department are all taking slightly longer than planned. To date, none of the activities/work packages have been on the
During project executing, a project team member informs the project manager that a work package has not met the quality metric, and that she believes it is not possible to meet it. The 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.
A project is facing a major change to its project deliverables. If the project manager is involved in determining which quality standards are relevant to the change, the project manager must be

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