Project Management Professional Exam PMP - Project...

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Unformatted text preview: Project Management Professional Exam PMP Question 1 You are in process of identifying and documenting the project rolesand responsibiliti es and create staffing management plan. All of thefollowing should be addressed when listing the roles andresponsib ilities EXCEPT: A. Competency B. Authority C. Responsibilit y D. Compliance E. Role Answer: DQuestion 2 Reserve analysis is a tool /technique in all of the following processesEX CEPT: A. Cost budgeting B. Activity resource estimation C. Risk monitoring and control D. Activity duration estimation E. Cost estimation Answer: BQuestion 3 Which of the following are NOT outputs of the Activity DurationEsti mation process? A. Activity Duration Estimates B. Schedule baseline C. None of the choices are correct D. Updates to activity attribute Answer: BQuestion 4 Which of the following statements are FALSE regarding the projectscope management plan? A. The project scope management plan describes how the projectscope will be defined and managed by the project scopemanag ement team B. The project scope management plan specifies how formalverific ation and acceptance of the project deliverables will besatisfied. C. The project scope management plan is contained within theproject management plan. D. The project scope management plan identifies the influence andinterest of the stakeholders and documents their expectations E. The project scope management plan is an output of the ScopePlannin g process Answer: DQuestion 5 Which of the following statements are TRUE regarding various ActivitySched uling tools? A. PDM allows for conditional branching and iteration of activities B. PDM uses activity-onnode (AON) diagramming method. C. PDM allows for conditional branching and iteration of activities D. PDM uses analogous methods as an estimation technique. Answer: BQuestion 6 Which of the following can be used to determine what work is includedin each work package for each of your team members? A. None of the choices are correct B. WBS dictionary C. RBS D. Project scope statement E. Project schedule Answer: BQuestion 7 Which of the following statements are FALSE regarding rolling waveplan? A. Rolling Wave Planning is a phased iterative approach to projectdevelo pment B. Rolling Wave Planning is a cost and schedule planning techniqueuse d in the Activity Definition process C. Rolling Wave Planning is the process of decomposing each workpackage within the WBS into the correspondin g scheduleacti vities required to produce the work package deliverables D. Rolling Wave Planning describes a form of progressiveel aboration planning where the work to be performed in the neartime is planned in detail at a low level of the WBS, while work far in future is planned for WBS components that are relatively at ahigh level of WBS. Answer: CQuestion 8 Which of the following statements are FALSE regarding ExpectedMon etary Value Analysis (EMV)? A. EMV is a statistical concept that calculates the average outcomeof project outcomes based on various assumptions andscenarios . B. Decision tree analysis is a type of EMV analysis C. EMV is a tool/ technique of Qualitative Risk Analysis D. EMV is calculated by multiplying the value of each possibleoutc ome by its probability of occurrence, and summing themtogethe r Answer: CQuestion 9 Which of the following describes a group of elated schedule activitiesaggr egated at some summary level, displayed reported as a singleactivity at summary level? A. Work activity B. Control account C. Planning package D. Milestone activity E. Hammock activity Answer: EQuestion 10 Which of the following are NOT tools/ techniques of the ActivityDefini tion Process? A. Expert judgment B. Decompositi on, templates C. Rolling wave planning D. Planning component E. Schedule network templates Answer: EQuestion 11 You are in process of developing an approximatio n of the costs of resources needed to complete each schedule activity. Which of thefollowing is the LEAST helpful input ? A. WBS, WS dictionary B. Market place conditions, commercial databases C. Cost estimating policies/ templates, historical information,p roject team knowledge D. Schedule management plan, staffing management plan, riskregister E. Activity cost estimates, activity cost estimate supporting detail Answer: EQuestion 12 Planning components are tools/ techniques of the Activity DefinitionPro cess. Which of the following are planning components? A. Rolling wave planning, decompositio n B. Control account, planning package C. Milestone list, schedule network templates D. Control package, planning account Answer: BQuestion 13 You are in process of numerically analyzing the effects of identifiedrisk s. Which of the following are NOT tools/ techniques you can use inthe process? A. Sensitivity analysis B. Reserve analysis C. Expected monetary value analysis D. Modeling and simulation E. Decision tree analysis Answer: BQuestion 14 Which of the following describes tool/ technique where expenditure of funds is reconciled with the funding limits imposed by the performingor ganization? A. Forecasting B. Cost reconciliation C. Funding limit reconciliation D. Reserve reconciliation E. Cost aggregation Answer: CQuestion 15 Which of the following situations will cause schedule activity durationesti mates to directly influence the cost estimates EXCEPT: A. When resource cost rate information is unavailable fromcommer cial databases B. When resources are applied per unit of time of duration of schedule activity C. When union labor with regularly expiring collective bargainingag reements are involve D. When seasonal cost variations are involve E. When project budget includes interest rate changes Answer: AQuestion 16 Which of the following statements are FALSE regarding costreimbursable contracts? A. costreimbursable contracts generally carry the highest risks tothe buyer, as the total costs are uncertain B. costreimbursable contracts often includes incentives for meetingor exceeding project objectives C. costreimbursable contracts resemble fix unit agreements whenthe unit rates are preset by the buyer and seller D. costreimbursable contracts are contracts that involvespay ments to the seller for actual costs, plus a fee representingt he sellers profit Answer: CQuestion 17 You have been hired as a project manager for a small local bank. Thebanks wants you to design and develop custom online bill pay softwareso that its customers can pay their bills online.You are ready to begin the activity definition of your project. You haveidentifie s the scope statement, the WBS, and talked with the SME’s. Inaddition, for security reason, you have been informed that projectteam members must NOT have criminal history with the FICO score of 700 or above. In addition you’ve requested that the bank purchase thenecessary transaction processing software, although the software isnot yet available. What else do you need before you begin activitydefini tion? A. Identify the historical information on previous projects B. Identify the activity attributes C. Identify the constraints and assumptions of the project D. Identify the activities lists E. Identify the milestone list Answer: AQuestion 18 You are the project manager at a software company developing thenext-gen OODBMS (Object Oriented Data Base Management System).As software development can be very chaotic, your company haselected to follow a more rigorous approach to software development .Specifically your company has chosen to adopt the extremeprog ramming XP methodology for your current software project.The XP methodology is highly iterative, and produces numerousdeli verables include UML diagrams, architecture diagrams, prototypesan d testcases.Assum e you are in the Activity Sequencing phase of the project. Whichof the following sequencing methods should you use to identify thelogical relationships between tasks, so that the activities can besequenced correctly? A. ADM B. PDM C. GERT D. AOA Answer: CQuestion 19 All of the statements regarding control accounts and planningpack ages are true EXCEPT:A.Co ntrol accounts and planning packages are tools / techniques of Schedule Development process.B.A control account is an assigned WBS level used to monitor costand schedule performance of significant element of work.C.Plann ing packages reflect a future segment of work within acontrol account that has not yet been decomposed into detailedwork packages.D. As work becomes more clearly defined, planning packages areconverted into work packages. Answer: A Question 20 Reverse analysis is a tool/ technique in all of the following processesEX CEPT:A.Risk monitoring and controlB.Acti vity resource estimationC. Cost estimationD. Cost budgeting Answer: BQuestion 21 Your project sponsor has asked you to produce a Risk Management Plan for your current project. Which of the following best describesho w you should tailor the plan to your project? A.The plan must include the predefined risk management policiesas they relate to the organization B.The plan must ensure that the level of details and riskmanage ment efforts are commensura te with the level of risk andimportan ce of the projectC.The plan must be predefined templates as defined by theorganizati onD.The plan must include the predefined roles and responsibiliti esas they relate to risk management . Answer: BQuestion 22 You are the project manager at a manufacturer of electronicco mponents. Your company had been a long time market leader inelectronic components distribution industry. However, in recent years,the Internet has transformed the competitive landscape. As a resultcompa ny’s market share has been eroding.Henc e, your current project involves implementin g the company’sint ernet strategies to best exploit these altered dynamics and increasethe company’s market share. You commit to completing the projectdelive rables by this date. Which of the following BEST describes whythis is the INCORRECT way to estimate the schedule?A.A network diagram should have been used to produce theestimates .B.The estimates should have been created by management .C.The estimates should have accounted for the market dynamicsand timing requirements .D.The project sponsor should have been actively involved inproducing the estimates. Answer: AQuestion 23 Reverse analysis is a tool/ technique in ll of the following processesEX CEPT:A.Risk monitoring and controlB.Acti vity resource estimationC. Cost estimationD. Cost budgetingE. Activity duration estimation Answer: BQuestion 24 Monte Carlo analysis is a form of what type of analysis? A.Critical path methodB.Sc hedule compression C.What-if scenario analysisD.Re sourcelevelingE.Cri tical chain method Answer: CQuestion 25 You have been hired as a project manager for a small local bank. Thebank wants you to design and develop custom online bill pay softwareso that its customers can pay their bills online. You are ready to beginthe Activity Resource Estimation process for your project. Which of thefollowing would you NOT consider when developing the activityresou rce requirements document? A.Resource availabilityB. Project managemen t planC.Resour ce breakdown structureD.A ctivity listE.Activity attributes Answer: CQuestion 26 A project schedule can be presented in various formats. All of thefollowing are valid formats of the project schedule EXCEPT:A.Act ivity-onnode diagram B.Logic bar chartC.Timescaled schedule network diagramD.Mil estone chartsE.Flow charts Answer: EQuestion 27 All of the following statements are true regarding the ActivitySequ encing / Activity Duration Estimation process EXCEPT:A.Act ivity duration estimates should specify a single, specificdurati on, and NOT a range of durationsB.A nalogous estimation is a form of expert judgment that is usedas a tool / technique in activity duration estimationC. Precedence diagramming methods are tools/ techniques of activity sequencing processD.Acti vity duration estimates are an output of activity durationesti mates. Answer: AQuestion 28 Your project team has already created the WBS, developed estimatesfor the work packages, and sequenced the project activities using thearrow diagramming method. In addition, your team has appliedresou rce leveling and schedule compression techniques on the projectsched ule. Which actions should be performed NEXT:A.Obtai n approval of scheduleB.D ecompose the work packages into smaller components calledschedu le activitiesC.D evelop activity resource requirements D.Initiate schedule change controlE.Obt ain acceptance of completed project scope Answer: AQuestion 29 You are the project manager responsible for developing a new hybridengine for a major auto manufacturer . You are in process of developing the project schedule. In order to manage the uncertaintya ssociated with the project schedule, you intend to do the following:(a) use average task duration estimates; (b) schedule backwardsfro m the date a project is needed (to ensure work that needs to bedone is done, and it is done only when it is needed; (c) place aggregate buffers in the project plan to protect the entire project andthe key tasks; and (d) use buffer management to control the plan.Which of the following BEST describes the technique you are using? A.Critical chain methodB.Re source levelingC.De cision tree analysisD.M onte Carlo analysisE.Cri tical path method Answer: AQuestion 30 Which of the following process involves determining project roles,respons ibilities, and reporting relationships, and develops the staffingmana gement plan? A. Manage project team B. Human resource planning C. Develop project team D. Acquire project team Answer: BQuestion 31 Three-point estimates are based on determining three types of estimates. Which of the following is NOT one of these estimates? A. Most likely B. Conservative C. Pessimistic D. Optimistic Answer: BQuestion 32 Which of the following statements are FALSE regarding project fundingrequir ements? A. Funding requirements are derived from cost baselines B. Portions of management reserve can be include in each fundingstep C. The total funds required are the cost baseline plus themanagem ent contingency reserve amount D. Funding usually occurs in incremental amounts that arecontinuou s, and hence appears as Sshaped curves E. Management reserves are not par of the project cost baseline,but are included in the budget for the project. Answer: DQuestion 33 Which of the following processes involves allocating cost estimates inorder to establish a cost baseline for measuring project performance ? A. Cost estimating B. Cost control C. Activity cost estimating D. Cost budgeting Answer: DQuestion 34 Which of the following statements are TRUE regarding various activitysched uling tools? A. ADM allows for conditional branching and iteration of activities B. PDM allows for conditional branching and iteration of activities C. PDM uses analogous methods as an estimation technique D. PDM uses activity-onnode (AON) diagramming methods Answer: DQuestion 35 Which of the following are NOT inputs to the risk identification process? A. Historical information B. Risk categories C. Risk management plan D. Risk thresholds Answer: DQuestion 36 Which of the following are NOT outputs of the activity durationesti mating process? A. Updates to activity attributes B. None of the choices are correct C. Schedule baseline D. Activity duration estimates Answer: CQuestion 37 You are in process of identifying and documenting project risks. Youare using various information gathering techniques to identify theproject risks. All of the following are information gathering techniquesEX CEPT: A. Diagramming techniques B. SWOT analysis C. Root cause identification D. Delphi techniques E. Interviewing Answer: AQuestion 38 Which of the following statements are FALSE regarding Monte Carloanalysis ? A. Monte Carlo is used to determine potential project outcomes bysimulating the project under different scenarios B. Monte Carlo analysis used expected value (EV) calculations asone of its inputs C. Monte Carlo analysis can be used during the ScheduleDev elopment and Quantitative Risk Analysis process D. Monte Carlo is simulation technique that can help quantify risksassociat ed with the project Answer: BQuestion 39 You are currently the project manager at rapidly growing retailer of high-end electronics equipment. You have been tasked with theproject of expanding business. You are currently evaluating openingretail stores in one of three USbased locations: New York, Seattle,San Francisco.You have been told that the San Francisco market has smaller marketpotent ial, but higher probability of success. On the other hand, theNew York market has a larger market potential but lower probability of success. And the Seattle market is in between. Your project managerhas given you the following forecast. Which of the flowing opportunityis the BEST choice? A. Either New York or San Francisco B. Seattle C. New York D. San Francisco Answer: BQuestion 40 You are in process of developing an approved project schedule that willserve as a baseline against which the project can be tracked. Which of the following is needed in order to complete schedule development ? A. Requested changes B. Performance measuremen ts C. Approved change request D. Schedule change control systems E. Reserves Answer: EQuestion 41 Supporting details for activity cost estimates should include all of thefollowing EXCEPT: A. Range of possible estimates B. Description of project scope of work C. Documentati on of constraints and assumptions D. Performance measuremen ts E. Documentati on of how the estimates were development Answer: DQuestion 42 Which of the following statements regarding WBS is false? A. To identify the major deliverables of the project requiresanaly zing the preliminary project scope statement B. The work package is the lowest level in the WBS C. A WBS from a previous project can often be used as a templatefor a new project D. Different deliverables in the WBS can have different levels of decomposi tion E. The WBS is an outcome of the Create WBS process Answer: AQuestion 43 Roger works for a manufacturer of automotive engines. He has beenrecently assigned to supervise and mange the manufacturin g of a newmodel of diesel engine. He informs \roger that his new assignment willbe to have 500 units of the new diesel engine manufacture d in 60days. Roger is currently in the process of analyzing activity sequences,ac tivity durations, and resource requirements in order to develop theproject schedule. Which of the following processed is Rogerperfor ming? A. Activity duration estimation B. Schedule development C. Activity sequencing D. Activity duration E. Activity resource duration Answer: BQuestion 44 All of the following should be included in the initial staffingmana gement plan as part of Human Resource planning EXCEPT: A. Release criteria, recognition and rewards B. Compliance C. Work performance information D. Safety, training needs E. Staff acquisition, timetable Answer: CQuestion 45 You have been recently assigned to provide an accurate projectsched ule for a large construction company.You r lead engineer has given you the following estimates for severalcritica l path activities. Your stakeholders want you to commit to acompletion date for these critical path activities. Which of the followingstat ements are true? A. There is approx. 68 percent chance that the project will completebet ween 64 days and 78 days. B. There is approx. 95 percent chance that the project will completebet ween 64 days and 78 days. C. There is approx. 68 percent chance that the project will completebet ween 57 days and 85 days. D. There is approx. 99 percent chance that the project will completebet ween 64 days and 78 days. Answer: AQuestion 46 Which of the following are NOT tools/ techniques of the PlanContracti ng Process? A. None of the choices are correct B. Expert judgment C. Screening systems D. Standard forms Answer: CQuestion 47 You are in...
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