Free PMP Exam Study

  • Home
  • PMP Certification Guide
  • PMP Practice Exam
  • PMP Sample Questions
Home » PMP Practice Exam » 40 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 7

40 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 7

04/20/2015 Marie Hall 0 Comment

Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Review

Complete coverage of all current objectives for the CAPM and PMP exams—more than 1,000 practice test questions and in-depth explanations in total!

Thoroughly revised for the current PMI Project Management Body of Knowledge (PMBOK), Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide – the sample PMP certification questions and answers offer complete coverage of all the material included on the Certified Associate in Project Management and Project Management Professional exams. You’ll find learning objectives at the beginning of each chapter, exam tips, practice exam questions, and in-depth explanations. Written by a leading project management consultant and trainer, CAPM/PMP Project Management Certification All-in-One Exam Guide, Third Edition will help you pass the exams with ease and will also serve as an essential on-the-job reference.

Covers all exam topics, including:

Project integration management
Managing the project scope
Managing project time, costs, and quality
Managing project human resources
Managing project communications
Managing project risks
Project procurement management
Managing project stakeholders
Project management processes

Electronic content includes:

750 CAPM and PMP practice exam questions—test yourself by exam domain or take a complete exam
Bonus process review quiz
One hour of video training from the author
New! Process ITTO Quick Review Guide
New! CAPM/PMP Exam Cheat Sheets
PDF eBook

You may also be interested in:
48 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 6
50 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 5
46 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 4
35 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 3

About Author

Joseph Phillips, PMP, CompTIA Project+, CompTIA CTT+, a leading project management consultant and educator, has been a PMP and a CompTIA Certified Technical trainer for more than 12 years. He is the director of education for Project Seminars, Inc., and the bestselling author of several books, including PMP Project Management Professional Study Guide, Fourth Edition and CompTIA CTT+ Certified Technical Trainer All-in-One Exam Guide. (Source: amazon.com)

40 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 7

Measure how much you understand actual cost (AC), analogous estimating, bottom-up estimatin, budget estimate, commercial database, contingency reserve, cost aggregation, cost baseline, and the like with 40 best free PMP practice exam for CAPM/PMP All in One Exam Guide chapter 7. As a successful free pmp certification practice exams based on Joseph Phillip’s All-in-One CAPM/PMP Exam Guide, this test will aid you in discovery of all around chapter 7. And for your more effective practice, the questions are friendly designed. You just need click on the best answer to each quiz and hit submit to have your results instantly checked and scored. Hope you score the max in this test and best lead up to the PMP exam!

40 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 7

measures the project based on its financial performance. the formula is CPI = EV/AC
these forecasting formulas predict the likely completed costs of the project based on current scenarios within the project
measures the project based on its schedule performance. the formula is SPI = EV/PV
costs are parallel to each WBS work package. the costs of each work package are aggregated to their corresponding control accounts. each control account then is aggregated to the sum of the project costs
a contingency allowance to account for overruns in costs. contingency allowances are used at the project manager's discretion and with management's approval to counteract cost overruns for scheduled activities and risk events
an event that will likely happen within the project, but when it will happen and to what degree is unknown. these events, such as delays, are usually risk-related
the monies spent to attain the expected level of quality within a project. examples include training, testing, and safety precautions
a market condition where the market is so tight the actions of one vendor affect the actions of all the others
a time-lapse exposure of when the project monies are to be spent in relation to cumulative values of the work completed in the project
costs that remain constant throughout the life of the project (the cost of a piece of rented equipment for the product)
the difference between the earned value and the planned value. the formulas is SV = EV - PV
a cost-estimating approach that uses a database, typically software-driven, to create the cost estimate for a project
dictates how cost variances will be amnaged
this estimate is somewhat broad and is used early in the planning processes and also in to-down estimates. the range of variance for the estimate can be from -10% to +25%
the difference between what was expected and what was experienced
costs are attributed directly to the project work and cannot be shared among projects (for example, airfare, hotels, etc)
an org's approach to managing cash flow against the project deliverables based on a schedule, milestone accomplishments, or data constraints
an estimate approach that starts from zero, accounts for each component of the WBS and arrives at a sum for the project. most time consuming and most reliable
costs that changed based on the conditions applied in the project (the number of meetings)
the actual amount of monies the project has spent to date
a forecasting formula that predicts how much of a variance the project will likely have based on current conditions within the project. the formula is VAC = BAC - EAC
this rough estimate is used during the initiating processes and in top-down estimates. the range of variance for the estimate can be from -25% to +75%
earned value is the physical work completed to date and the authorized budget for that work. it is the percentage of the BAC that represents the actual work completed in the project
a system that examines any changes associated with scope changes, the cost of materials, and the cost of any other resources, and the associated impact on the overall project cost
this is a statistical approach to predicting what future values may be, based on historical values. creates quantitative predictions based on variables within one value to predict variables in another. this form of estimating relies solely on pure statistical math to reveal relationships between variables and to predict future values
an approach that relies on historical information to predict the cost of the current project. top down estimating and is the least reliable of cost estimating approaches
an approach that assumes the cost per unit decreases the more units workers complete, because workers learn as they complete the required work
the total cost of the opportunity that is refused to realize an opposing opportunity
this estimate type is one of the most accurate. its used late in the planning processes and is associated with bottom-up estimating. you need the WBS in order to create the definitive estimate. the range of variance for the estimate can be from -5% to +10%
many vendors, but prefer specific vendor
planned value is the work scheduled and the budget authorized to accomplish that work. it is the percentage of the BAC that reflects where the project should be at this point in time
the cost aggregation achieved by assigning specific dollar amounts for each of the scheduled activities, or more likely, for each work packages in the WBS. cost budgeting applies the cost estimates over time.
cost reserves are for unknown unknowns within a project. the management reserve is not part of the project cost baseline, but is included as part of the project budget
a formula to forecast the likelihood of a project to achieve its goal based on what's happening in the project right now. there are two different flavors for the TCPI. meet BAC use this TCPI = (BAC-EV) / (BAC-AC). if you want to meet EAC use this TCPI = (BAC-EV) / (EAC-AC)
costs that are representative of more than one project
only one vendor can provide what you need
the final variance, which is discovered only at the project's completion. the formula is VAR = BAC - AC
a EVM formula that predicts how much funding the project will require to be completed. three variations of this formula are based on conditions the project may be experiencing
monies that have already been invested in a project
an approach using a parametric model to extrapolate what costs will be needed for a project (for example, cost per hour and cost per unit). it can include variables and points based on conditions

Related Posts

  • 48 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 648 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 6
  • 35 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 335 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 3
  • 50 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 550 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 5
  • 46 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 446 Best Free PMP Practice Exam for CAPM/PMP All in One Exam Guide Chapter 4

Share:

  • Facebook
  • Twitter
  • LinkedIn
  • Tumblr
  • Pinterest
  • Email
  • More
  • Print
  • Reddit
  • Pocket

Related

Category: PMP Practice Exam/ PMP Sample Questions Tags: capm/pmp project management certification all-in-one exam guide/ free pmp practice exam/ pmp certification practice test/ pmp practice exam free/ pmp sample questions and answers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PMP Practical Exam Prep

  • PMP Mock Exam – Initiating The Project
  • PMP Practice – Project Quality Management
  • PMP Test Questions – Project Resource Management
  • PMP Samples Questions – Human Resource Management
  • PMP Practice Exam – Project Time Management
  • PMP Tests – Project Communication Management
  • PMP Question Exams – Project Stakeholder Management
  • PMP Question bank – ITTO Project Scope Management
  • PMP Exam Questions – Project Risk Management
  • PMBOK 5th Edition PMP Practice Questions
  • PMP Samples Test – Planning The Project
  • PMP Practice Test – Project Integration Management
  • PMP Exam Samples – Project Management Framework

Recent Posts

  • 401 Free PMP Practice Exams Quiz Questions and Answers (Part 2)
  • 401 Free PMP Practice Exams Quiz Questions and Answers (Part 1)
  • 56 Other Practice PMP Exam for CAPM/PMP All in One Exam Guide Chapter 3
  • 26 Necessary Free PMP Practice Exams Quiz Questions
  • 58 Free Project Time Management Questions for Information Technology Project Management 6th Edition by Schwalbe

Copyright © 2023 · Pmp Exams Prep · Privacy Policy · About · Contact

Copyright © 2023 · Paradise v3.2.0 on Genesis Framework · WordPress · Log in