New Semester
Started
Get
50% OFF
Study Help!
--h --m --s
Claim Now
Question Answers
Textbooks
Find textbooks, questions and answers
Oops, something went wrong!
Change your search query and then try again
S
Books
FREE
Study Help
Expert Questions
Accounting
General Management
Mathematics
Finance
Organizational Behaviour
Law
Physics
Operating System
Management Leadership
Sociology
Programming
Marketing
Database
Computer Network
Economics
Textbooks Solutions
Accounting
Managerial Accounting
Management Leadership
Cost Accounting
Statistics
Business Law
Corporate Finance
Finance
Economics
Auditing
Tutors
Online Tutors
Find a Tutor
Hire a Tutor
Become a Tutor
AI Tutor
AI Study Planner
NEW
Sell Books
Search
Search
Sign In
Register
study help
business
fraud examination
PMP Exam Prep Questions, Answers, & Explanations 1000+ Practice Questions With Detailed Solutions 6th Edition Christopher Scordo - Solutions
You have completed a milestone in your software development project, and you are now verifying that the product meets the specifications outlined in the project management plan. In which process group is this process?Closing Monitor and Controlling Executing Planning
You are managing a complex software development project for an external customer. You are using the waterfall approach to manage the project in line with the contractual requirements. However, you are not comfortable with this approach. You believe that customers don't really know what they want
Once a project’s business case has been approved, what should be done next?Identify and analyze project stakeholders and associated risks Create the project charter Identify market demand Conduct and cost-benefit analysis
The methods used to transfer information among project stakeholders may vary significantly. A project team may apply different techniques and communication technologies to ensure effective and efficient communications. Which of the following must not be a factor to consider while choosing a
The project manager controls the interfacing and overlapping areas of the organization’s procurement processes, along with the project schedule, with processes from this area:Project Resource Management Project Scope Management Project Risk Management Project Integration Management
A project manager is managing a project in which there are teams located in remote locations in order to obtain cost savings. This is in accordance with organizational guidelines that require that at least 25 percent of the work should be done from a remote location. This is an example of:A
Which of the following predictive project management techniques resembles an agile approach:Developing the WBS Developing the project management plan Earned value analysis Rolling wave planning
A software vendor on your project is hoping to be awarded a contract providing software for another project at your company. You are not the manager of the other project. However, the vendor offers you tickets to an upcoming professional sports event if you will "put in a good word" for his company
The Executive VP of Finance has informed you that you will be the project manager for an energy audit the company is performing in order to save expenses. He has assigned you to identify the stakeholders and to start documenting the high-level assumptions and constraints. Your project is in what
As the project manager of a project, you had estimated certain activity durations before acquiring all project team members. On acquisition, you find that their actual competency levels are much lower than what you anticipated. In such a case, you will:Make no changes to the schedule Ask the
You have a schedule activity that can be delayed without delaying the early start date of any subsequent activities. This is an example of:Free Float Lead Float Total Float Lag Float
A storm has damaged the manufacturing facility that is under construction as part of your project. You have just discovered that although the project risk management plan mandated that the facility have insurance against damage and loss, this policy was never acquired, and the project budget must
Which of these statements is true?The cost of correcting mistakes through an inspection is much less than the cost of preventing them.The cost of preventing mistakes is generally much less than the cost of correcting them as revealed by inspection.It does not matter where a defect is captured as
As a project manager, you are concerned with both prevention and inspection of errors in a work product. The difference between prevention and inspection is:Inspection is work the Quality Control (QC) team does; the Quality Assurance (QA) team does Prevention.Inspection refers to keeping errors out
Jack is the project manager of a project that is halfway through its execution. He is currently looking at the work schedule. He adjusts a few of the schedule milestones and imposes date constraints for some of the work packages. This relates to which of the following processes?Control Quality
The termination clause and alternative dispute resolution (ADR)mechanism for each procurement in a project is in the:Scope Statement Agreement Resource Calendars Source Selection Criteria
Sandra is managing a software development project. The project has many stakeholders having a negative attitude toward the project. Sandra knows she can’t keep everybody happy but still can try her best to manage them. Which of the following can help Sandra manage these negative stakeholders
Mandatory dependencies are those that are inherent in the nature of the work being done. They often involve physical limitations, such as on a construction project when it is impossible to erect the superstructure until the foundation is built. According to the PMBOK, a mandatory dependency is
Control Schedule is part of which Project Management process group?Monitoring and controlling Planning Executing Initiating
The State of New York has contracted with your company to provide a claims payment system for Medicaid benefits. In the contract, a clause states that the State of New York can review your work processes and deliverables. This is an example of:Performance Report Record Management System
A Work Breakdown Structure (WBS) dictionary supports the WBS and is a companion document to the WBS. Which of the following is not included in the WBS dictionary?List of schedule milestones Resource assigned Agreement Information Code of Account Identifier
Sam’s project has successfully been initiated, and all the major roadblocks are removed. The senior stakeholders have now switched from a leading role to a supportive role. What is Sam’s next step once the first version of the project stakeholder register is developed?Execute the stakeholder
The Earned Value Management methodology can be used to:Forecast future performance based on current performance Calculate the number of days left in the project Calculate the value provided to the customer Calculate the profitability of the project
Large variations in the periodic expenditure of funds are undesirable for organizational operations. Therefore, the expenditure of funds is frequently reconciled with the disbursement of funds for the project.According to the PMBOK, this is known as:Disbursement Reconciliation Expenditure
There are a number of risks that have been identified in your project.The team has decided not to change the project plan to deal with the risks, but they have established a contingency reserve of money in the event something triggers these risks. This is an example of what type of risk mitigation
Different stakeholders might require dissimilar outcomes from a project. An integral component of stakeholder management is managing these competing expectations throughout the project from initiation to closure. Which of the following management techniques can help in this situation?Stakeholder
A planning package is a work breakdown structure component below the control account and above the work package with known work content but without:Work packages User stories Schedule activities Requirements
A manager asked to see a list of milestones in the project. This would be available as an output from the:Sequence Activities process Define Scope process Estimate Activity Durations process Define Activities process
A construction project requires that government environmental hearings be held prior to site preparation. What kind of dependency is this?Optional dependency Discretionary dependency Soft logic External dependency
In adaptive lifecycles, such as the agile approach for product development, requirements are documented as user stories that are then __________ just prior to construction.Analyzed and curtailed Benchmarked and standardized Prioritized and refined Examined and outsourced
David’s project is currently in difficult times, and the project stakeholders are not happy with the project updates they receive. In a meeting with the project sponsor, David said the stakeholders’ attitude is irrational since he personally ensures that all project communications are accurate
Which of these are not inputs to the Determine Budget process?Cost baseline, requirements traceability matrix Scope baseline, agreements Basis of estimates, cost estimates Risk register, resource management plan
You are a senior project manager working for RETAMART, a retail shopping network that sells various consumer products. As part of the expansion plan approved by the board of directors, you are a project manager for a new plant. Due to transportation problems, the project has experienced delays; the
You are aware that cost and schedule risks are prevalent in your project.You want to compare the planned project performance with its actual performance during the Monitor Risks process. What should you perform to provide this information?Reserve analysis Risk audit Risk reassessment Technical
Funding requirements for a project are usually in incremental amounts that are not continuous. These increments appear as a step function in the graph depicting Cash flow, Cost baseline and Funding. Any gap at the end of the project between the funds allocated and the cost baseline
Lucy is currently preparing a high-level cost estimate for her project in the initiation phase. With the limited detail available to her, what would you expect the range of her estimate to be, and what would you call such an estimate?-25 to +25%, Absolute Cost-5 to +10%, Narrow-1 to +1%,
An estimating technique that uses a statistical relationship between historical data and other variables (such as square footage in construction or lines of code in software development) is known as:Parametric Estimating Analogous Estimating Bottom-up Estimating Historical Analysis
Your project is midway through a delivery schedule. As the project manager, you want to determine how much work remains. Which is the most accurate way to determine the remaining work the project team must carry out?Rolling wave method Earned Value Technique A Manual forecast Future analysis
A project is estimated to cost $50,000 with a timeline of 50 days. After 25 days, the project manager finds that 50 percent of the project is complete and actual costs are $50,000. What is the Cost Performance Index (CPI)?The CPI is 1 The CPI is 1.5 The CPI is 2 The CPI is 0.5
Contingency Reserves are estimated costs to be used at the discretion of the project manager to deal with:Scope creep Anticipated but not certain events Unanticipated events Anticipated and certain events
The Cost Performance Baseline is a time-phased budget and is used as a basis to measure, monitor, and control overall cost performance of the project. It is usually displayed in the form of:An S-curve An inverted S-curve.Pie-chart A Z curve
The complexity of the information flow in any project depends upon the complexity of the project itself. Information flows through various channels in complex projects. The project management team is responsible for gathering, compiling, analyzing, and reporting this information. Which of the
A project manager creates a component-specific tool to verify that a set of required steps has been performed. This tool is called a:Risk Register Assumptions log Checklist Plan-Do-Act-Check
To control the schedule, a project manager is reanalyzing the project to predict project duration. This is done by analyzing the sequence of activities with the least amount of flexibility. What technique is being used?Leads and lags Work Breakdown Structure Flowchart Critical Path Method
You are managing a project that has a task to translate several pages of a document into Spanish. This is similar to a project done last year when a document was translated into German. You are not sure how long it will take to translate into Spanish, so you look at the project plan from the German
During the weekly change control board meeting, you invited the facilities manager to speak about the change request to increase the BTUs of the air conditioning system in the new data center. This is an example of what type of tool and technique in the Perform Integrated Change Control
You are managing an oil-drilling project. With oil at $143 per barrel, this could be a highly lucrative project. However, there is a chance that the price of oil will drop below $105 per barrel, which would eliminate the profit in the project. This is an example of:Requirement Assumption Risk
You are an experienced project manager and have managed several data center migration projects. You are currently conducting training on the databases, spreadsheets, and management plans you will use during the lifecycle of the project. This training is a tool and technique in what process?Manage
Which of the following statements is incorrect?Developing a project team is the responsibility of the project manager.A project manager must not acquire resources needed to develop effective project teams High team performance can be achieved using open and effective communications.Teamwork is a
Crashing is an effective schedule compression technique at times when a project is struggling behind schedule. However, increasing the number of resources to twice the original number of the resources does not always cut the time by half. This is due to:Fast tracking the project Risk mitigation due
Mary is managing an organizational transformation project. The nature of the project would require responding to high levels of change and would also require continuous stakeholder engagement. Which of the project lifecycles should be chosen for this project?Predictive life cycle Plan-driven life
A project has gone out of control, and the project manager is trying to bring it back under control. There have been a number of changes to the project scope. Some of these changes resulted in further changes, causing project cost to spiral upward and causing the project to go out of schedule. This
While developing your project schedule, you have asked everyone to provide a list of planned vacations over the next three months, and you have applied this information to the tasks that each person is responsible for. What also needs updating?Resource Calendars Leads Schedule Variances Lags
You are running one week behind on a project due to a late delivery by a vendor. You are forced to compress your project schedule due to a government-mandated end date that constrains your project. After meeting with your team, the decision is to work several tasks in parallel that were scheduled
Which of the following tools give a visual representation of an organization’s data, described in business language that is independent of any specific technology?Matrix diagrams Mind maps Flowcharts Logical data model
A change request that is issued to bring the performance of the project back in line with the project management plan is related to:Corrective action Defect repair Proactive action Preventive action
Andy’s project stakeholders are not happy as the project is lagging behind schedule. During the executive committee meeting, Andy requests all stakeholders to keep their calm as most of the project deliverables have been completed and only quality inspections of these deliverables is pending. He
Complex projects usually demand preparation and distribution of periodic project performance reports. The contents of performance reports are usually determined early and documented in the project communications management plan. Which of the following is least likely to be a section on a work
On any project, the configuration control should be focused on the specification of:Deliverables and processes Scope and cost Risk and resources Schedule and quality
Which of the following Manage Quality techniques examines problems, constraints, and non-value-added activities that occur during project work?Sensitivity Analysis Expected monetary value analysis Earned Value Analysis Process Analysis
The WBS is a deliverable-oriented hierarchical decomposition of the work the project team must execute to accomplish the project objectives. This is created as part of:Project Integration Management Project Scope Management Project Procurement Management Project Schedule Management
A process that states how formal validation and acceptance of the completed project deliverables will be achieved is documented in the:Scope Management plan Procurement Management plan Risk Management plan Communications Management plan
Project stakeholder management is an integral part of project management. The effectiveness of stakeholder analysis carried out early in a project can decide its fate. Which of the following is the least important consideration during stakeholder analysis, especially when analyzing stakeholders who
A technique that calculates multiple project durations with different sets of activity assumptions and variables is:Process Analysis Theoretical Analysis Simulation Effect Analysis
PMBOK recognizes five process groups typical of nearly all projects.Which of the following is not one of them?Executing Monitoring and Controlling Planning Pre-Inception
You are in the initiation phase of your project, and you believe the project can be completed for $100,000. However, you are an experienced project manager and know that many things can happen between the initiation phase and the closure of the project. In the project charter, you have provided an
You are in the execution stage of your project, and you are informed that “corporate” will send in a team of consultants to review whether your project activities comply with your company’s and PMI’s policies, standards, and procedures. This is an example of:Quality Audit Organizational
Communication noise refers to influences on effective communication that influence the interpretation of conversations. Noise affects which components of communication?Encoding and decoding Decoding and feedback Transmission and decoding Encoding and feedback
Stakeholder notifications must be archived for future reference.Whenever the Manage Communications process produces a stakeholder notification, the notification must be:Updated to the organizational process assets Updated to the project management plan Updated to the project communications
You are working with your team and are looking at the cost risks in the project. You and your team are currently creating a tornado diagram for the project risks. You do this as a part of which of the following processes?Qualitative Risk Analysis Risk Response Planning Quantitative Risk Analysis
You are having your project team members record the time they spend on different activities during the day, such as programming, electrical, HVAC, etc. This is an example of a tool and technique in what process?Manage Communications Direct and Manage Project Work Monitor and Control Project Work
In your weekly status reports, you report the earned value for the project. This information is essential for you and the stakeholders to gauge the progress of the project. What process group is the cost and schedule control part of?Closing Planning Executing Monitoring and Controlling
A change log is an important input to the Manage Stakeholder Engagement process. Which process provides this input?Plan Communications Management Manage Communications Perform Integrated Change Control Monitor Communications
Your construction project is in execution, and you require a major change to one of your supplier agreements. Can you directly make this change with mutual consent of the supplier during the Control Procurements process, or do you have to visit the Perform Integrated Change Control process, as
There are two activities on your schedule: 1) Install server in lab, and 2)Move server into the data center. However, the second task cannot start until the server has run in the lab for five days without failure. This is an example of what?Fast Track Lead Crashing Lag
You have just returned from the weekly change control board meeting at which you presented the requested changes to the employee move project. You had five change requests approved and one request rejected. These are outputs of what process?Control Quality Control Scope Monitor Risks Perform
Business value is also defined as the aggregate of all tangible and intangible elements of the business. Which of the following is NOT an example of a tangible business element?Monetary assets Goodwill Fixtures Stockholder equity
PMBOK offers a number of tools and techniques for all the project management processes. These tools and techniques must be carefully applied in order to meet the objectives of any process. Which of the following is not a tool or technique of the Plan Stakeholder Engagement process?Expert judgment
You are in charge of constructing the Ferris wheel in each town a carnival visits. However, this is something you have never done before, and you are getting different opinions from others on how long it takes.Joe is new and has given you what you believe to be an optimistic estimate of three
You recently took over a project as the project manager. This is your first project management assignment. The project sponsor is very supportive and is helping you out in successfully managing the project.Recently, some bad quality deliverables were received on the project, and the project sponsor
Early in the project, you are meeting with your team and would like to address all the strengths, weaknesses, opportunities, and threats the project is facing. What tool should be used?SWOT Analysis Interviewing Delphi Technique Brainstorming
The paint on the exotic cars that are manufactured in your plant is bubbling about a year after application. What would be the best tool for your team to use to find potential causes of the peeling paint?Scatter diagram Ishikawa Diagram Control Chart Inspection
Organizational process assets are fundamental inputs to most of the project management processes. However, only some of the process assets are relevant to any given process. Which of the following organizational process assets is the least important consideration during the Manage Stakeholder
Andrew is a project management guru hired by a retail giant in your country. Andrew finds out there is a wide array of projects that need to be managed from a central PMO; from a number of small projects to large initiatives requiring long-term roadmaps to manage the development of these programs.
Your company is considering buying a building worth $1 million. If the company buys this building and rents it out for the next five years, it will get $100,000 per year as rent (receivable by the end of each year).At the end of the fifth year, the company will resell the building at $1.1 million.
You have recently taken over a project as the project manager. The project is midway through execution, and most of the project work has been subcontracted. You have just found out that one of the subcontractors, who was responsible for all demolitions, has been paid 50 percent of the subcontracted
Which process group corresponds to the “do” part of the plan-do-checkact cycle?Closing Monitoring and Controlling Planning Executing
In predictive projects, the scope baseline for the project is used to analyze a project’s scope performance. On the other hand, projects with adaptive lifecycles use:WBS WBS dictionary Scope statement Backlogs
Chris is managing a construction project. The project team is currently developing the “as built” construction drawings to be supplied to the client as required by the contract. Which of the following phases is Chris’ project most likely in?Initiating Planning Closing Executing
Which of the following statements is not accurate about the initial phase of a project?The highest uncertainty is at this stage of the project.The cost associated at the beginning of the project is highest.Stakeholders have maximum influence during this phase.Staffing levels are the lowest at this
You have recently become the project manager for a construction project. You are a new hire in your company and are unaware of the organizational project management standards. Which of the following can help you get a head start on your project?Communicate with other project managers in your
Which of the following graphical techniques visually depict the product scope by showing a business system and how other systems interact with it?Ishikawa diagram Histogram Influence diagram Context diagram
During a work breakdown structure meeting, you have decomposed the deliverables into work packages and created your WBS dictionary.However, you now want to decompose the work packages to assist you in estimating, executing, and controlling the project. These decomposed work packages are:Work
Kate has been asked to conduct the feasibility of a new CRM system.So far, the business has been relying on its traditional manual customer relationship management processes, but now it is struggling to keep up with the competition. In this scenario, the business’ requirement of acquiring a
You have recently joined an organization as the procurements manager.You have just received an invoice from a contractor. Some of the items from the invoice are as follows: EV of work completed to date:$50,000. AC of work completed to date: $40,000. Total costs reimbursed by the buyer to date:
You have just received an invoice from your supplier that contains some uncertified items. Payments to the supplier are processed through your corporate accounts payable system only after certification of satisfactory work by the project quality control specialist. What should you do?Process the
You are attempting to estimate the resources required to assemble the server racks in the new data center you are building. It has occurred to you that you may be able to compress the schedule if you use power tools instead of hand tools to build the racks and if you employ individuals who have
Lucy has recently been assigned as the project manager for a new shopping mall construction project. Since the project will span well over five years, Lucy is a bit hesitant to use the current market rates for estimating construction materials cost. The prices have been steadily increasing and the
You have a project in which you are responsible for building a condo complex in a resort town. The project is expected to take two years to complete. During your work breakdown structure meeting, you have decomposed many deliverables into work packages and schedule activities. However, there are
The Manage Team process is part of what process group?Planning Executing Monitoring and Controlling Closing
Showing 6800 - 6900
of 8740
First
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
Last
Step by Step Answers