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pmp® exam practice test and study guide

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

Product Management Considerations are crucial because:a) They ensure all tasks are assigned to team membersb) They facilitate the completion of the project on timec) They ensure the alignment of
Which of the following is an external factor that can influence the project and its value delivery?a) Team moraleb) Project scopec) Economic conditionsd) Project timeline
Which of the following is not a function associated with projects?a) Schedulingb) Budgetingc) Staffingd) Product Marketing
How do governance systems support a system for value delivery within an organization?a) By enforcing rules and regulationsb) By facilitating decision-making and resource allocation processesc) By
Which of the following best describes how projects deliver value to organizations and their stakeholders?a) Through profits onlyb) Through the improved quality of productsc) By satisfying stakeholder
What is the primary function of people who perform work and contribute insights into a project?a) To provide the knowledge, skills, and experience necessary to produce the products and realize the
Which of the following is NOT a factor external to the organization?a) Marketplace conditionsb) Social and cultural influences and issuesc) Regulatory environmentd) Governance documentation
Which of the following is NOT a factor internal to the organization?a) Process Assetsb) Governance documentationc) Marketplace conditionsd) Data Assets
What is the function of people who maintain governance in a project?a) To approve and support recommendations made by the project teamb) To decrease the efficiency of the projectc) To increase the
What is the role of people who provide business direction and insight in a project?a) To guide and clarify the direction of the project or product outcomeb) To decrease the efficiency of the
What is the function of people who provide oversight and coordination in a project?a) To decrease the efficiency of the projectb) To increase the workload of the project teamc) To help the project
What is the role of a governance system within an organization?a) To enable smooth workflows, manage issues, and support decision makingb) To create conflicts and challenges for the project teamc) To
What is the result or consequence of a process or project?a) Outcomeb) Inputc) Processd) Operation
Which of the following is NOT a component of a value delivery system?a) Portfoliosb) Programsc) Projectsd) Stakeholders
What is the primary purpose of a project within an organization?a) To create value for stakeholdersb) To increase the workload of employeesc) To create a new department within the organizationd) To
A project manager needs to analyze the project costs to find ways to decrease costs. It would be BEST if the project manager looks at: A. Variable costs and fixed costs. B. Fixed costs and indirect
Cost risk means: A. There are risks that will cost the project money. B. The project is too risky from a cost aspect. C. There is a risk that project costs could go higher than planned. D. There is a
The difference between the cost baseline and the cost budget can be BEST described as: A. The management reserve. B. The contingency reserve. C. The project cost estimate. D. The cost account.
Activity Z is a difficult activity. The cost performance index (CPI) is 1.1. The schedule performance index (SPI) is 0.8. There are 11 stakeholders on the project. Based on this information, which of
You are about to take over a project from another project manager and find out the following information about the project. Activity Z has an early start (ES) of day 15 and a late start (LS) of day
Earned value analysis is an example of: A. Performance reporting. B. Planning control. C. Ishikawa diagrams. D. Integrating the project components into a whole.
Although the stakeholders thought there was enough money in the budget, halfway through the project the cost performance index (CPI) is 0.7. To determine the root cause, several stakeholders audit
A manufacturing project has a schedule performance index (SPI) of 0.89 and a cost performance index (CPI) of 0.91. Generally, what is the BEST explanation for why this occurred? A. The scope was
A cost management plan contains a description of A. The project costs. B. How resources are allocated. C. The budgets and how they were calculated. D. The WBS level at which earned value will be
Monitoring cost expended to date in order to detect variances from the plan occurs during: A. The creation of the cost change management plan. B. Recommending corrective actions. C. Updating the cost
The project manager is allocating overall cost estimates to individual activities to establish a baseline for measuring project performance. What process is this? A. Cost Management B. Estimate Costs
You have just completed the initiating processes of a small project and are moving into the planning processes when a project stakeholder asks you for the project's budget and cost baseline. What
A new store development project requires the purchase of various equipment, machinery, and furniture. The department responsible for the development recently centralized its external purchasing
Your cost forecast shows that you will have a cost overrun at the end of the project. Which of the following should you do? A. Eliminate risks in estimates and reestimate. B. Meet with the sponsor to
The seller tells you that your activities have resulted in an increase in their costs. You should A. Recommend a change to the project costs. B. Have a meeting with management to find out what to do.
Your project has a medium amount of risk and is not very well defined. The sponsor hands you a project charter and asks you to confirm that the project can be completed within the project cost
Which of the following are ALL items included in the cost management plan? A. The level of accuracy needed for estimates, rules for measuring cost performance, specifications for how duration
Which of the following represents the estimated value of the work actually accomplished? A. Earned value (EV) B. Planned value (PV) C. Actual cost (AC) D. Cost variance (CV)
Who has the cost risk in a fixed price (FP) contract? A. The team B. The buyer C. The seller D. Management
Value analysis is performed to get: A. More value from the cost analysis. B. Management to buy into the project. C. The team to buy into the project. D. A less costly way of doing the same work.
Which type of cost is team training? A. Direct B. NPV C. Indirect D. Fixed
During which project management process group are budget forecasts created? A. Monitoring and controlling B. Planning C. Initiating D. Executing
A cost baseline is an output of which cost management process? A. Estimate Activity Resources B. Estimate Costs C. Determine Budget D. Control Costs
A rough order of magnitude estimate is made during which project management process group? A. Planning B. Closing C. Executing D. Initiating.
Which of the following is NOT needed in order to come up with a project estimate? A. A WBS B. A network diagram C. Risks D. A change control system
A schedule performance index (SPI) of 0.76 means: A. You are over budget. B. You are ahead of schedule. C. You are only progressing at 76 percent of the rate originally planned. D. You are only
A cost performance index (CPI) of 0.89 means: A. At this time, we expect the total project to cost 89 percent more than planned. B. When the project is completed we will have spent 89 percent more
Cost performance measurement is BEST done through which of the following? A. Asking for a percent complete from each team member and reporting that in the monthly progress report B. Calculating
The main focus of life cycle costing is to: A. Estimate installation costs. B. Estimate the cost of operations and maintenance. C. Consider installation costs when planning the project costs. D.
All of the following are outputs of the Estimate Costs process EXCEPT: A. An understanding of the cost risk in the work that has been estimated. B. The prevention of inappropriate changes from being
Analogous estimating A. Uses bottom-up estimating techniques. B. Is used most frequently during the executing processes of the project. C. Uses top-down estimating techniques. D. Uses actual detailed
If earned value (EV) 350, actual cost (AC)=400, planned value (PV)=325, what is cost variance (CV)? A. 350 B. -75 C. 400 D. -50
Estimate at completion (EAC) is a periodic evaluation of: A. The cost of work completed. B. The value of work performed. C. The anticipated total cost at project completion. D. What it will cost to
During project executing, a large number of changes are made to the project. The project manager should: A. Wait until all changes are known and print out a new schedule. B. Make approved changes as
Which of the following is a benefit of an analogous project estimate? A. The estimate will be closer to what the work will actually require. B. It is based on a detailed understanding of what the
A project manager for a small construction company has a project that was budgeted for US $130,000 over a six-week period. According to her schedule, the project should have cost US $60,000 to date.
The project is calculated to be completed four days after the desired completion date. You do not have access to additional resources. The project is low risk, the benefit cost ratio (BCR) is
The activity: A. Is on the critical path. B. Has a lag. C. Is progressing well. D. Is not on the critical path.
An activity has an early start (ES) of day 3, a late start (LS) of day 13, an early finish (EF) of day 9, and a late finish (LF) of day
A team member from research and development tells you that her work is too creative to provide you with a fixed single estimate for the activity. You both decide to use the labor hours per
You are a project manager for a new product development project that has four levels in the work breakdown structure. A network diagram has been created, the duration estimates have been compressed,
A new product development project has four levels in the work breakdown structure and has been sequenced using the precedence diagramming method. The activity duration estimates have been received,
The WBS, estimates for each work package, and the network diagram are completed. Which of the following would be the NEXT thing for the project manager to do? A. Sequence the activities. B. Verify
A project manager is using weighted average duration estimates to perform schedule network analysis. Which type of mathematical analysis is being used? A. Critical path method B. PERT C. Monte Carlo
A project manager is taking over a project from another project manager during the planning process group. If the new project manager wants to see what the previous project manager planned for
A project manager has received activity duration estimates from his team. Which of the following does he need in order to complete the Develop Schedule process? A. Change requests B. Schedule change
You have a project with the following activities: Activity A takes 40 hours and can start after the project starts. Activity B takes 25 hours and should happen after the project starts. Activity C
Based on the following, if you needed to shorten the duration of the project, what activity would you try to shorten? alter #toding Activity (Dur monooles Start None 0 A Start 1 B Start 2 C Start D A
You are a project manager on a US $5,000,000 software development project. While working with your project team to develop a network diagram, your data architects suggest that quality could be
You are a project manager on a US $5,000,000 software development project. While working with your project team to develop a network diagram, you notice a series of activities that can be worked in
During project planning, you estimate the time needed for each activity and then add the estimates to create the project estimate. You commit to completing the project by this date. What is wrong
A project manager is in the middle of the executing process of a very large construction project when he discovers that the time needed to complete the project is longer than the time available. What
Which of the following processes includes asking team members about the time estimates for their activities and reaching agreement on the calendar date for each activity? A. Sequence Activities B.
In attempting to complete the project faster, the project manager looks at the cost associated with crashing each activity. The BEST approach to crashing would also include looking at the A. Risk
Which of the following is the BEST thing to do to try to complete a project two days earlier? A. Tell senior management that the project's critical path does not allow the project to be finished
Your project management plan results in a project schedule that is too long. If the project network diagram cannot change but you have extra personnel resources, what is the BEST thing to do? A. Fast
When would a milestone chart be used instead of a bar chart? A. Project planning B. Reporting to team members C. Reporting to management D. Risk analysis
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? A. Perform a Monte Carlo analysis. B. Fast track the project.
A project has three critical paths. Which of the following BEST describes how this affects the project? A. It makes it easier to manage. B. It increases the project risk. C. It requires more people.
The float of an activity is determined by: A. Performing a Monte Carlo analysis. B. Determining the waiting time between activities. C. Determining lag. D. Determining the amount of time the activity
Which of the following BEST describes the relationship between standard deviation and risk? A. Nothing B. Standard deviation tells you if the estimate is accurate. C. Standard deviation tells you how
What is the duration of a milestone? A. Shorter than the duration of the longest activity B. Shorter than the activity it represents C. There is no duration D. Same length as the activity it
Which of the following is the BEST project management tool to use to determine the longest time the project will take? A. WBS B. Network diagram C. Barchart D. Project charter.
A heuristic is BEST described as a: A. Control tool. B. Scheduling method. C. Planning tool. D. Rule of thumb
If the optimistic estimate for an activity is 12 days, and the pessimistic estimate is 18 days, what is the standard deviation of this activity? A. 1 B. 1.3 C. 6 D. 3
Which of the following are GENERALLY illustrated BETTER by bar charts than network diagrams? A. Logical relationships B. Critical paths C. Resource trade-offs D. Progress or status
A dependency requiring that design be completed before manufacturing can start is an example of a: A. Discretionary dependency. B. External dependency. C. Mandatory dependency. D. Scope dependency.
To control the schedule, a project manager is reanalyzing the project to predict project duration. She does this by analyzing the sequence of activities with the least amount of scheduling
Which of the following BEST describes product analysis? A. Working with the customer to determine the product description B. Mathematically analyzing the quality desired for the project C. Gaining a
Which of the following BEST describes the Verify Scope process? A. It provides assurances that the deliverable meets the specifications, is an input to the project management plan, and is an output
Which of the following is CORRECT in regard to the Control Scope process? A. Effective scope definition can lead to a more complete project scope statement. B. The Control Scope process must be done
Which of the following can create the MOST misinterpretation in the project scope statement? A. Imprecise language B. Poor pattern, structure, and chronological order C. Small variation in size of
Verify Scope is closely related to: A. Perform Quality Control. B. Sequence Activities. C. Perform Quality Assurance. D. Time Management.
A project manager's scope management efforts are being audited. The cost performance index (CPI) on the project is 1.13, and the benefit cost ratio (BCR) is 1.2. The project scope was created by the
A scope change has been suggested by one of the stakeholders on the project. After careful consideration and a lot of arguing, the change control board has decided to reject the change. What should
The preparation of the scope baseline can BEST be described as involving: A. The functional managers. B. The project team. C. All the stakeholders. D. The project expediter.
During the completion of project work, the sponsor asks the project manager to report on how the project is going. In order to prepare the report, the project manager asks all the team members what
One of the stakeholders on the project contacts the project manager to discuss some additional scope they would like to add to the project. The project manager asks for details in writing and then
Control Schedule. C. Define Scope. D. Control Scope.
You are managing a six-month project and have held biweekly meetings with your project stakeholders. After five-and-a-half months of work, the project is on schedule and budget, but the stakeholders
The construction phase of a new software product is near completion. The next phases are testing and implementation. The project is two weeks ahead of schedule. What should the project manager be
A project manager has just been assigned to a new project and has been given the project charter. The FIRST thing the project manager must do is: A. Create a project scope statement. B. Confirm that
A project manager may use to make sure the team members clearly know what work is included in each of their work packages. A. The project scope statement B. The product scope C. A WBS dictionary D. A
A new project manager has asked you for advice on creating a work breakdown structure. After you explain the process to her, she asks you what software she should use to create the WBS and what she
You have just joined the project management office after five years of working on projects. One of the things you want to introduce to your company is the need to create and utilize WBSs. Some of the

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