PMP Answers

Questions

1. The factors that are responsible for the creation of a project are all but

A. Market demand
B. Customer request
C. Business Risk factors
D.Technological advance

1. 2 .The other names for Phase review are
2. A. Phase exits
3. B. Stage gates
4. C. Project review
5. D. Both A & B
  
  3.You and your team have just completed a project for your client. Now you want to measure the success of a Project. How will you measure it?
6. A. By the number of defects detected
7. B. By the number of defects corrected
8. C. By the Project and Product quality
9. D. By the low risk factors
10. 4.What is called a set of interrelated actions & activities performed to achieve a pre-specified product, result or service?
11. A. Project plan
12. B. Project processes
13. C. Project activity sequencing
14. D. None of the above
15. 5.What should be performed before moving on to the next phase of a project?
16. A. Project configuration
17. B. Project acceptance
18. C. Scope verification
19. D. Scope sign-off
20. 6.When is the PM given authority to apply organizational resources to project activities?
21. A. During the contract phase
22. B. As part of initiating process group
23. C. As part of project acquisition
24. D. During the project planning phase
25. 7.During which process group, the Project management plan is created?
26. A. During the planning process group
27. B. During the initiation process group
28. C. During the project execution group
29. D. During the project charter creation
30. 8.A PM want to classify the stakeholders based on their level of authority and concern. Which classification is this?
31. A. Power/influence grid
32. B. Power/interest grid
33. C. Influence/impact grid
34. D. Salience model
35. 9.Who is the receiver in a communication model?
36. A. The Project manager
37. B. The Project stakeholders
38. C. One who decodes the received information
39. D. The project management team
40. 10.Which is not a key component of communication model?
41. A. Encode
42. B. Receiver
43. C. Decode
44. D. Medium
45. 11.Your organization bid for 2 projects A and B, and after carefully analyzing the various costs involved in these 2 projects, project B was selected over project A. Which cost is involved here?
46. A. Direct cost
47. B. Opportunity cost
48. C. Indirect cost
49. D. Sunk cost
50. 12.Which estimation technique uses mathematical formulas to predict how loan an activity will take based on historical records from previous projects?
51. A. Parametric estimation
52. B. Bottom-up estimation
53. C. Three-point estimation
54. D. Both A and B
55. 13.What is defined as the quality of being adequately or well qualified physically and intellectually to complete project activities according to PMBOK?
56. A. Knowledge
57. B. Competency
58. C. Project skill
59. D. Know-how
60. 14.What is the estimated time period, a Project manager spends on communication?
61. A. 90%
62. B. Less than 70%
63. C. Not more than 80%
64. D. Depends on Project to project
65. 15.Who manages the projects in a weak matrix type organization?
66. A. The Project Manager
67. B. Project coordinator or Project expeditor
68. C. Functional manager
69. D. Both A and B
70. 16.Who normally issues a Project charter?
71. A. A project initiator/sponsor external to the organization
72. B. The Project manager during the initiation phase
73. C. Senior project team
74. D. Issues jointly by A and C
75. 17.Which is not included in the Project Baseline?
76. A. Schedule baseline
77. B. Cost performance baseline
78. C. Scope baseline
79. D. Quality baseline
80. 18.In which knowledge area, Expert Judgment is a tool and technique in all the processes?
81. A. Project cost management
82. B. Project Integration management
83. C. Project Quality management
84. D. Both A and B
85. 19.Which phase to phase relationship is an example of fast tracking?
86. A. Overlapping relationship
87. B. Iterative relationship
88. C. Sequential relationship
89. D. None
90. 20.In which type of contract, buyer and seller share the cost on a pre-negotiated sharing formula?
91. A. Cost plus incentive fee (CPIF)
92. B. Cost plus fixed fee (CPFF)
93. C. Cost plus award fee (CPAF)
94. D. Fixed price plus economic price adjustment (FPEPA)
95. 21.What is the name of the document given by the seller where the technical skill or the approach is the deciding factor?
96. A. Bid
97. B. Proposal
98. C. Tender
99. D. Quotation
100. 22.Your customer has communicated the cost on liabilities, warranty, business loss etc. What are these costs called?
101. A. Internal failure costs
102. B. Appraisal costs
103. C. External failure costs
104. D. Prevention costs
105. 23.Which among the below is not an example of Quality metrics?
106. A. Defect density
107. B. Failure rate
108. C. Test coverage
109. D. Quality checklist
110. 24.When does risk(s) manifest in a project?
111. A. During the project execution phase
112. B. The moment project is conceived
113. C. When the project complications are more
114. D. During the fast tracking of the project
115. 25.Identify the risk involved in fire accidents, bad weather, and criminal activities.
116. A. Pure risks
117. B. Unknown risks
118. C. Direct risks
119. D. Business risks
120. 26.You as a Project Manager wanted to crash your project in order to meet the deadline. What should you consider while crashing a project?
121. A. Crash the tasks which are on the critical path
122. B. Crash the tasks which are cheapest
123. C. Crash the tasks which involves costly resources
124. D. Both A and B
125. 27.The earned value management data for your project is given below. What will be your ETC and EAC?
  
  BAC = 200, EV = 40, PV = 70, AC = 80?
126. A. EAC = 400, ETC = 300
127. B. . EAC = 320, ETC = 320
128. C. EAC = 300, ETC = 183
129. D. EAC = 400, ETC = 320
1. 28.What is the value of 3 sigma?
2. A. 99.99
3. B. 99.73
4. C. 99.95
5. D. 95.46
  
  29.A Project manager wants to monitor the performance measure of a process over a period of time. Which chart is useful for this purpose?
1. A. Bar chart
2. B. Pareto chart
3. C. Run chart
4. D. Control chart
5. 30.You are in the middle of a new project development for your company when you discover that the previous project manager made a $300,000 payment that was not approved in accordance with your company policies. Luckily, the project CPI is 1.2. What should you do?
6. A. Contact your manager
7. B. Put the payment in an escrow account
8. C. Bury the cost in the largest cost center available
9. D. Ignore the Payment
10. 31.Which contract is intended to protect both buyer and seller from external conditions beyond their control such as inflation, cost increase or decrease etc?
11. A. Cost plus incentive fee (CPIF)
12. B. Cost plus fixed fee (CPFF)
13. C. Fixed price with Economic Price Adjustment (FP-EPA)
14. D. Cost plus award fee (CPAF)
15. 32.Which 2 processes fall under the Initiating process group according to PMBOK?
16. A. Develop Project charter and Develop Project Management plan
17. B. Develop Project charter and Identify stakeholders
18. C. Identify stakeholders and Administer Procurements
19. D. Plan Procurements and Develop Project Charter
20. 33.You’ve just concluded the risk identification for your project. What is the next activity should you perform?
21. A. Prioritize the risks for further analysis or action
22. B. Numerically analyze the effect of identified risks
23. C. Plan risk responses
24. D. Take action to control the risks
25. 34.Which conflict resolution is the best one according to PMBOK?
26. A. Compromising
27. B. Withdrawing
28. C. Collaborating
29. D. Confronting
30. 35.You’ve been asked you to set aside 5% of the total project cost for dealing with risks. What is this termed as?
31. A. Indirect costs
32. B. Management contingency reserves
33. C. Reserve analysis
34. D. Both B and C