200 Free PMP Exam Questions Based On PMBOK 5th Edition

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200 Free PMP Exam Questions Based On PMBOK 5th Edition - Page 1

The equivalent of cost reimbursable contracts is frequently termed:

Back charge contracts.
Fixed price contracts.
Progress payment contracts.
Cost plus contracts.

During the full life cycle of the project, a plot of the project.s expected expenditures will usually follow a characteristic ..S.. shape. This indicates that:

There is a cyclic nature to all projects.
Problems will always occur in the execution phase.
There are high expenditures during closeout.
The bulk of the project budget will be spent in the execution phase.

You are taking over a project during the planning process group and discover that six individuals have signed the project charter. Which of the following should most concern you?

Who will be a member of the change control board
Spending more time on configuration management
Getting a single project sponsor
Determining the reporting structure

The project management process groups are:

Initiating, planning, expediting, and control.
Plan, organize, develop, and control.
Plan, do, observe, commit.
Initiating, planning, executing, monitoring &controlling, and closing.

If project A has a net present value (NPV) of U.S. $30,000 and project B has an NPV of U.S. $50,000, what is the opportunity cost if project B is selected?

$23,000
$30,000
$20,000
$50,000

The WBS for the project represents:

All the tangible items that must be delivered to the client.
All the work that must be completed for the project.
The work that must be performed by the project team.
All the activities of the project.

The work defined at the lowest level of the breakdown structure to estimate as well as manage time and cost is called the:

Activity.
Task.
Work package.
Cost account.

Configuration management plan is:

Used to ensure that the description of the project product is correct and complete.
The creation of the work breakdown structure.
The set of procedures developed to control changes.
A mechanism to track budget and schedule variances.

A schedule performance index (SPI) of 0.76 means:

you are over budget.
you are ahead of schedule.
you are only progressing at 76 percent of the rate originally planned.
you are only progressing at 24 percent of the rate originally planned.

Conflict resolution techniques that may be used on a project include confronting, smoothing, forcing and:

withdrawing.
directing.
organizing.
controlling.

A project manager is employed by a construction company and is responsible for the furnishing of the completed building. One of the first things that the project manager for this project should do is to write a:

Work breakdown structure.
Budget baseline.
Project charter.
Project plan.

All of the following are examples of the cost of nonconformance EXCEPT?

Rework
Quality training
Scrap
Warranty costs

Your company has an emergency and needs contracted work done as soon as possible. Under these circumstances, which of the following would be the helpful to add to the contract?

A clear contract statement of work
Requirements as to which subcontractors can be used
Incentives
A force majeure clause

Approved Change Requests are an input to:

Control Scope and Validate Scope.
Direct and Manage Project Work.
develop project management plan and develop project charter.
Develop Project Management Plan and Develop Schedule.

A person who is involved in or may be affected by the activities or anyone who has something to gain or lose by the activity of the project is called a:

Team member.
Customer.
Stakeholder.
Supporter.

A group of related projects that are managed in a coordinated way that usually include an element of ongoing activity is called a:

Major project.
Project office.
Program.
Group of projects.

In the context of estimation, a heuristic is best described as a::

control tool.
scheduling method.
planning tool.
rule of thumb.

A project manager holds the first risk meeting of the project team. The client is present at the meeting. At the meeting several risks are identified and assigned to members of the project team for evaluation and quantification. The result of the meeting is:

Expected value of the risk events.
Strategies for the risk events.
A list of potential risk events.
General statements about risks for the project.

What percentage of the total distribution are 3 sigma from the mean equal to?

68.26%
99.99%
95.46%
99.73%

Which of the following is NOT an input to the initiating process group?

Company processes
The company culture
Historical WBSs
Project scope statement

All of the following are characteristics of a project EXCEPT:

Temporary
Definite beginning and end
Interrelated activities
Repeats itself every month

Purchasing insurance is considered an example of risk:

mitigation.
transfer.
acceptance.
avoidance.

The project manager is making sure that the product of the project has been completed according to the project management plan. What part of the project management process is he in?

Planning
Executing
Monitoring and controlling
Closing

Which of the following conflict resolution techniques will generate the MOST lasting solution?

Forcing
Smoothing
Compromise
Problem solving

A team is using a fishbone diagram to help determine what quality standards will be used on the project. What part of the quality management process are they in?

Perform quality control
Perform quality assurance
Plan Quality Management
Variable analysis

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 assessed the quality of the data used. The team is continuing to move through the risk management process. What has the project manager forgotten to do?

Simulation
Risk mitigation
Overall risk ranking for the project
Involving of other stakeholders

Workarounds are determined during which risk management process?

Identify Risks
Perform Quantitative Risk Analysis
Plan Risk Responses
Control Risks

The contingency budget will:

Reduce the probability of scope changes.
Reduce the probability of cost overruns.
Increase the probability of a cost overrun.
Increase the probability of scope changes.

What type of contract do you not want to use if you do not have enough labor to audit invoices?

Cost plus fixed fee (CPFF)
Time & material (T&M)
Fixed price (FP)
Fixed price incentive fee (FPIF)

An example of scope validation is:

Reviewing the performance of an installed software module.
Managing changes to the project schedule.
Decomposing the WBS to a work package level.
Performing a benefit-cost analysis to determine if we should proceed.

A temporary endeavor undertaken to create a new product or service is called a:

New product development.
Project.
Program.
Enterprise.

The "halo effect" refers to the tendency to:

promote from within.
hire the best.
move people into project management because they are good in their technical fields.
move people into project management because they have had project management training.

If earned value (EV) = 350, actual cost (AC) = 400, planned value (PV) = 325, what is cost variance (CV)?

A project manager is using weighted average duration estimates to perform schedule network analysis. Which type of mathematical analysis is being used?

Critical path method
PERT
Monte Carlo
Resource leveling

Contract closure is different from administrative closure in that contract closure:

occurs before administrative closure.
is the only one to involve the customer.
includes the return ofproperty.
may be done more than once for each contract.

Which phase of the project is likely to have the greatest amount of its funding spent?

Initiating
Executing
Planning
Closeout

A rough order of magnitude estimate is made during which project management process group?

Project planning
Project closing
Project executing
Project initiating

A functional manager needs to communicate the needs of his or her personnel requirements and the utilization of each person as well as the assignments that they have in the future. To best accomplish this, what type of document should be used?

Gantt chart
Network diagram
Staffing management plan
Responsibility matrix

The WBS and WBS dictionary are completed. The project team has begun working on identifying risks. The sponsor contacts the project manager, requesting that the responsibility assignment matrix be issued. The project has a budget of U.S. $loo,ooo and is taking place in three countries using 14 human resources. There is little risk expected for the project and the project manager has managed many projects similar to this one. What is the next thing to do?

Understand the experience of the sponsor on similar projects.
Create an activity list.
Make sure the project scope is defined.
Complete risk management and issue the responsibility assignment matrix.

Risk tolerances are determined in order to help:

the team rank the project risks.
the project manager estimate the project.
the team schedule the project.
management know how other managers will act on the project.

A manager that manages a group of related projects is called a:

Project manager.
Project expediter.
Program coordinator.
Program manager.

In the Monte Carlo technique, what is the criticality index?

The number of days the project will be late divided by the project duration
The percent of time a given activity will be on the critical path
The percent of time an activity will be late
The sum of the duration of the critical path activities divided by the project expected value for duration

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 flexibility. What technique is she using?

Critical path method
Flowchart
Precedence diagramming
Work breakdown structure

A project manager must have some work done by an outside contractor. This work has a great deal of risk associated with it, and it has become very difficult to find a contractor willing to take on the job. Which of the following types of contract would offer the greatest incentive to the contractor?

Cost plus percentage of cost as an award fee
Cost plus fixed fee
Cost plus incentive fee
Firm fixed price

Breaking the major deliverables into smaller, more manageable components to provide better control is called:

Scope planning.
Decomposition.
Scope base lining.
Bill of Materials (BOM).

A project manager has just been assigned to a project. The document that recognizes the existence of the project is called:

The statement of work.
The project assignment.
The project charter.
The product description.

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?

Use Monte Carlo analysis using the Internet as a tool.
Apply the critical path method.
Determine options for recommended corrective action.
Apply the Delphi Technique.

A project manager has just been assigned to a new project and has been given the preliminary project scope statement and the project charter. The first thing the project manager must do is:

create a project scope statement.
confirm that all the stakeholders have contributed to the scope.
analyze project risk.
begin work on a project management plan.

Which of the following is an advantage of centralized contracting?

Makes it easier to find vendors
Increases company expertise in contracting
Gives more loyalty to the project
Allows a contracts person to work on a single project

If the earned value is $1000; Actual Cost is$500; and Planned Value is $4000, Calculate Cost Performance Index.

1
3
0.85
2

In which project management process group is the detailed project budget created?

Initiating
Before the project management process
Planning
Executing

You are a project manager leading a cross-functional project. None of your project team members report to you functionally and you do not have the ability to directly reward their performance. The project is difficult, involving tight date constraints and challenging quality standards. Which of the following type of organization would you be in this circumstance?

Projectized
Functional
Strong Matrix
Operations

A project manager is trying to complete a software development project, but cannot get enough attention for the project. Resources are focused on completing process-related work and the project manager has little authority to properly assign resources. What form of organization must the project manager be working in?

Functional
Matrix
Expediter
Coordinator

Quality is:

meeting and exceeding the customer's expectations.
adding extras to make the customer happy.
the degree to which the inherent characteristics fulfill requirements.
conformance to management's objectives.

A cost performance index (CPI) of 0.89 means:

at this time, we expect the total project to cost 89 percent more than planned.
when the project is completed we will have spent 89 percent more than planned.
the project is only progressing at 89 percent of that planned.
the project is only getting 89 cents out of every dollar invested.

The highest point of Maslow's hierarchy of needs is:

Physiological satisfaction
Attainment of survival
Esteem
Self-actualization

In a matrix organization, which of the following is true?

The project manager is responsible for employee skills improvement.
The functional manager is responsible for employee skills improvement.
The project manager is responsible for the employee.s annual appraisal.
The employee is responsible for his or her own skills improvement.

A project manager is faced with making a decision about a risk that the team has identified. The risk involves the design of a bicycle. It has been found that the neck of the bicycle, where the steering bearing is located and the two supporting bars of the frame come together, will corrode in a high salt environment. If this takes place the neck may fail and injure the rider. The project team decides that the design of the bicycle should be modified by using corrosion resistant materials in the design of the neck. This will eliminate the risk from consideration. This technique is called:

Risk avoidance.
Risk acceptance.
Risk rejection.
Risk deflection.

What conflict resolution technique is a project manager using when he says, "I cannot deal with this issue now!"

Problem solving
Forcing
Withdrawal
Compromising

Who is ultimately responsible for quality management on the project?

Project engineer
Project manager
Quality manager
Team member

Your program manager has come to you, the project manager, for help with a bid for her newest project. You want to protect your company from financial risk. You have limited scope definition. What is the BEST type of contract to choose?

Fixed price (FP)
Cost plus percent of cost (CPPC)
Time and material (T&M)
Cost plus fixed fee (CPFF)

A buyer extends a formal invitation containing a scope of work. The invitation seeks a response describing the methodology and results that will be provided to the buyer. This is called:

Invitation to bid.
Request for information.
Request for proposal.
Request for bid.

An output of administrative closure is the creation of:

project archives.
a project charter.
a project management plan.
a risk analysis plan.

Risks will be identified during which risk management process (es)?

Perform Quantitative Risk Analysis and Identify Risks
Identify Risks and Control Risks
Perform Qualitative Risk Analysis and Control Risks
Identify Risks

200 Free PMP Exam Questions Based On PMBOK 5th Edition