The PMP®, or Project Management Professional, is an exam conducted by the Project Management Institute (PMI)®, is a globally recognized certification. The exam consists of 200 multiple choice questions that outline the five process groups (Initiation, Planning, Executing, Monitoring and Controlling, and Closing) and nine knowledge areas (Integration, Scope, Time, Cost, Quality, Human Resource, Communication, Risk, and Procurement). Show
Of the 200 questions, 25 of them are pretest questions. Pretest questions appear randomly during the exam, do not affect the candidate’s score, and are used in examinations as an effective way to increase the number of examination questions that can be used in future PMP exams. The passing score for the exam is almost 61 percent (106 questions correct out of 175 scored questions). 25 Examples of PMP Questions and Answers1. A project has a 60% chance of a $100,000 profit and a 40 percent of a US $100,000 loss. The Expected Monetary Value for the project is:
Expected Monitory Value (EMV) is computed by EMV = Probability × Impact. Compute both positive and negative values and then add them: 0.6 × $100,000 = $60,000 0.4 × $100,000 = $40,000 EMV = $60,000 - $40,000 = $20,000 profit 2. 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?
The estimate with the smallest range is less risky. 3. 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 the risk event will occur during the fourth month of the project?
4. An accepted deadline for project approaches. However, the project manager realizes only 75% percent of the work has been completed. The project manager then issues a change request. What should the change request authorize?
5. The risk will be identified during which risk management process(es)?
6. What is meant by RACI?
The RACI chart is an example of the Responsibility Assignment Matrix (RAM), which shows the relationship between activities and the team members. 7. Which of the following statement is true about a Program?
8. The project manager meets with the project team to review lessons learned from previous projects. In what activity is the team involved?
9. During a bidder conference, you see that one bidder is your close friend. What should your next step be?
There is a conflict of interest in this situation. You must inform your boss about this relationship. 10. If a risk event has a 90 percent chance of occurring, and the consequences will be the US $ 10,000, what does the US $9,000 represent?
EMV = .9 X $ 10,000 = $ 9,000 11. An earthquake damaged your construction project. Your contractor says that he cannot fulfill the terms of the contract due to a specific clause you both had signed the contract. He is referring to the:
12. All of the following are ALWAYS inputs to the risk management process EXCEPT:
Project Status report can be an input to risk management. However, when completing risk management for the first time, you wouldn’t have the project status report yet. Therefore, the project status report is not always an input to risk management. 13. When estimating time for activities, a Project Manager should:
14. Risk tolerance is determined in order to help:
If you know the tolerance of the stakeholders, you can predict how they might react to different situations and risk events. This information can help assign levels of risk on each work package activity. 15. You are running a project to engineer and implement a set of business processes and a software solution for customer relationship management. The project involves a large number of organizations―a major corporation and many suppliers of different sizes. During the project, you observe the effects of the differences between the companies’ corporate cultures. This leads to different expectations on how the project should be handled—as well as to frequent misunderstandings between stakeholders. Another effect is a growing degree of distrust and skepticism. What should you try first to integrate the diverse stakeholder groups?
16. You are finding it difficult to evaluate the exact cost impact of risk. You should evaluate on a(n) :
If you cannot determine an exact cost impact to the event, use qualitative estimates such as Low, Medium, and High. 17. 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?
The Delphi technique is commonly used to obtain expert opinions on technical issues, the necessary project, or product scope. 18. Being assigned as a project manager, you noticed during project execution that conflicts arise in the team on both technical and interpersonal levels. What is an appropriate way of handling conflicts?
19. During which risk management process is a determination to transfer a risk made?
Transference is a Risk Response Strategy. 20. When control charts are used, outliers are:
21. Which of the following is not a process group?
Closing is not a process group. 22. What is the output of the monitoring and controlling process?
The output of the monitoring and controlling process is the project management plan. 23. Which of the following is not an input to the developing project management plan process?
The input to the developing project management plan process is the stakeholder register. 24. Which of the following is not an input to the controlling process?
The input to the controlling process is the project management plan. 25. Which of the following is not an output of the closing process?
The output of the closing process is the project management plan. 26. Alpha and Beta are two projects considered by a company. $50 million net profit is expected of Alpha and $45 million from Beta. Both are lucrative and rewarding projects, but the company can only invest in one of the projects. If Alpha is chosen, calculate the opportunity cost?
$45 million. The value of the alternative not chosen is called opportunity cost. 27. You are the manager of a project which involves constructing five bridges. The project comprises five sequential phases with each phase completing one bridge. After the first phase of the project is complete, which process group of the second phase should follow?
Initiating. A new project or new phase of an existing project is defined by the Initiating Process Group. 28. The aim of a project is to investigate the technical, economic and social feasibility of constructing a hydroelectric dam. The project charter is approved by the project sponsor. What is the next step to be performed?
Identify Stakeholders After developing and approving the project charter, Identifying the stakeholders process is done next. 29. While managing a software upgrade project for your company you realize that your sponsor has high authority in decisions but low interest. What stakeholder management strategy should you employ to ensure the sponsor’s continued support?
Keep the sponsor satisfied 30. The project sponsor asks for a copy of the document that contains the description, owner, source, priority, and status of product requirements. Which project document is the question?
The requirements traceability matrix 31. Development is a critical aspect in a project with large size and regulatory and environmental considerations. What is the first thing you should do as a starting point for initial project planning?
Review the project charter to get high-level information about the project 32. While monitoring the baseline cost of a project, it is noted that the project expenses are higher than expected at this point. What is the most likely cause of this?
Excess inventory - Failing to manage and control resources efficiently can be a source of increased costs in a project. 33. Recently, you promoted your star programmer, Pam, to lead the agile development team. Pam was a fantastic software coder, and you thought the promotion would mean that she could now share her expertise with the other development team members. But, you observe that Pam’s performance in her new role is underwhelming and not at par with your expectations. Which empirical rule have you ignored or forgotten while considering Pam’s promotion?
34. While reviewing a requirements management plan of a project, you notice that one of the components does not belong there. Which among these is the odd one?
A process that specifies how a project scope statement will be prepared 35. As part of a process improvement project for a factory operation, the project and team are performing the process of monitoring and controlling project work. Which of the following is done during this process?
Drawing an actual comparison of project performance against the project management plan 36. A company sets up a change control board (CCB) dedicated to the purpose of reviewing and evaluating the changes submitted for all projects. Which of the following best describes an individual or group that can request a change on a project in a situation where the project sponsor is a member of the CCB?
Any stakeholder 37. You want to replace a contractor because they are not performing to the agreed-upon standards and engage another contractor for the same job. You need to determine the specific legal procedure for the early termination of the contract. What should you do?
Consult the contract 38. In a project divided into four phases in sequence, what should the project manager do when the second phase is over and the third one is about to begin?
Perform the process of identifying the project stakeholders 39. The project management office (PMO) of an organization ensures all project management processes and all relevant project documents conform to the established best practices. What is the first thing that the project manager should review to identify stakeholders for a new project?
The business documents to obtain information about the stakeholders 40. Using an agile framework, you are to lead a product development project. You want to bring together stakeholders and SMEs to discuss risk, success criteria and other topics. What is the best way for you to accomplish this objective?
Schedule a focus group 41. As part of preparing the communications management plan for a project in construction, you want to determine the needs of the project stakeholders with respect to information. Your focus is on the type and format of information required to pass on to them. What is your best course of action?
Conduct a communication requirements analysis 42. To reduce the defect rate of a manufacturing process, a project is carried out. The project team is carrying out QA activities to analyze and improve the process. Which of the following would be the most beneficial for this project?
Consulting with a certified Six Sigma Black Belt expert 43. You are the head of a software development project where the developers involved are working within a rented office space. It’s taking longer than anticipated to write the code. You have requested the landlord to rent the office for another week. Unfortunately, the landlord informs you that the office is booked for that period. You capture the problem in the project documents. What should you do next?
Make revisions in the resource management plan 44. You are part of a project team that’s designing a new type of vehicle. You are on the brink of getting started with working on a set of tasks (work package) for the braking system of the vehicle. You would like to assess the acceptance criteria before beginning the work. Where should you look in order to find this information?
The WBS dictionary 45. A project to construct an assembly line is nearly complete. The project manager has closed procurements, submitted the final project report, updated the lessons learned register, and acquired feedback from the relevant stakeholders. What should be the next step of the project manager?
Transfer the completed assembly line to operations 46. A project team is weighing two risk responses to include in the risk register. The first risk response must meet two criteria and costs $5,000. The second risk response must meet four criteria, but only costs $2,000. Which action is least likely to be taken by the project team to select the best risk response?
Run a Monte Carlo simulation 47. Your project team members are writing code in pairs and assessing each other's work to review and determine if the code follows the requirements documentation. Which of the following results will be obtained from this process?
Verified Deliverable 48. The construction project has many people and specialized teams at the work site every day. Frequent and seamless communication between the team leads is vital to ensure safe and efficient progress. Which agile ceremony can be incorporated in this project to boost timely cross-functional communication?
Daily standups. Daily standups refer to time-boxed meetings of short duration that the project team and relevant stakeholders attend. 49. The organization’s leadership wants to include more agile methodologies in their projects. Before starting to take any agile approaches in a project, what is the first thing to be done?
Evaluate the organizational culture and transformation readiness 50. You need to establish the relative priorities of risks recognized in a project. Which of the following tasks is the most likely to not affect this prioritization?
Generating the risk report 51. The following table is an activity list that includes the duration and predecessor for a series of project activities. What is the duration of the critical path?
14 52. A project manager, while developing the stakeholder register, lists down the potential stakeholders and chooses to use a data gathering method known as brain writing. What is the first thing to do when using this method?
Send a list of questions to participants ahead of the the creativity session 53. A project manager communicates primarily through email with her team members, internal and external project stakeholders. Certain techniques are incorporated to ensure there are no misunderstandings. Which of the following is not considered one of these techniques?
Communication register Which structure is most helpful to share resources across multiple projects and functional domains while at the same time creating legitimate project leadership?Remember, matrix evolved out of the necessity to share resources across multiple projects and functional domains while at the same time creating legitimate project leadership. For organizations that cannot afford to tie up critical personnel on individual projects, a matrix system would appear to be appropriate.
On what does agile project management focus quizlet?What is Agile Project Management? Agile uses short development cycles called "sprints" to focus on continuous improvement, scope flexibility, team input, and delivering essential quality product or service.
Which statement best describes the connection between corporate cultures and project management structure for success?Which statement best describes the connection between corporate cultures and project management structure for success? -Functional project management structure do not work in cultures that support cross-functional integration.
When projects are organized within the functional organization coordination is maintained through?Coordination is maintained through normal management channels. It is commonly used when one functional area plays a dominant role in completing the project or has a dominant interest in the success of the project.
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