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The PMP Exam: How To Pass On Your First Try (Test Prep Series) 3rd Edition Andy Crowe PMP - Solutions
Life-cycle costing involves:A. Determining what physical resources will be needed to complete a project.B. Considering the overall costs of a project during and after its completion.C. Assigning a value to each activity on the project.D. Calculating the internal rate of return.
The MOST important input into Activity Resource Estimating is:A. The activity list.B. The cost estimates.C. The project charter.D. The constraints and assumptions.
A benefit-cost ratio of 1.5 tells you that:A. The payback period will be one and one half years.B. The project cannot pay for itself.C. The project will yield revenue that is 1.5 times its cost.D. The project will cost 1.5 times the revenue it produces.
A company in the middle of a new product development merges with another company in the middle of the project. The project is terminated because the new company already offers a similar product.What is the FIRST thing the project manager should do?A. Make sure your lessons learned are communicated
Which two processes are tightly linked when performing a project and are often performed at the same time?A. Scope Planning and Cost Planning.B. Direct and Manage Project Execution and Acquire Project Team.C. Perform Quality Assurance and Manage Project Team.D. Perform Quality Control and Scope
Configuration management is:A. A technique used in Develop Project Management Plan.B. Used to ensure that the product scope is complete and correct.C. Formally defined in initiation.D. A procedure to identify and document the functional and physical characteristics of an item or system.
A project is scheduled to last for 6 months and cost $300,000. At the end of the 1st month, the project is 20% complete. What is the Earned Value?A. $50,010. B. $60,000. ABCD C. $100,020. D. $120,000.177. Which of the following roles typically has the LEAST power?A. Project coordinator.B. Project
You are a PMP, and PMI has contacted you regarding an investigation of your best friend who is also a PMP at your company. How should you proceed?A. Cooperate fully with PMI.B. Protest that this is conflict of interest.C. Protect your friend.D. Find out why PMI thinks your friend should be
If there were 16 people on the project, and that number increases to 25, which of the following must also be true?A. The development of the communications management plan will be more difficult.B. Stakeholder analysis will be more difficult.C. Information distribution will be more difficult.D.
You are managing the development of a software product to be created under procurement. The team will span three countries and five time zones, and because of the size of the project, you are very concerned about cost. Which of the following types of contract would BEST help keep cost down?A. Time
Kim is managing a multi-million dollar construction project so that is scheduled to take nearly two years to complete. During one of the planning processes, she discovers a significant threat to her project's budget and schedule due to the fact that she is planning to build during the hurricane
Which output would be used to show project roles and responsibilities?A. A resource histogram.B. An organization chart.C. A RACI chart.D. A staffing management plan.
In which of the following organizations is the project manager MOST likely to be part-time?A. Weak matrix B. Strong matrix C. Functional D. Projectized
A project manager has a problem with a team member's attendance, but every time the project manager schedules a meeting to discuss the problem, the team member comes up with a reason they cannot attend at the last minute. Which conflict management technique is the team member exhibiting?A.
During Cost Control, performance reviews are PRIMARILY used to:A. Discuss the project and give the team a chance to voice any concerns.B. Evaluate new budget change requests to determine if they would have an adverse effects on the project's performance.C. Review the status of cost information
The quality policy is important in quality management because:A. It defines the performing organization's formal position on quality.B. It helps benchmark the project against other similar projects.C. It provides specific quality standards that may be used to measure the output of the project.D. It
You have been directed by your customer, your sponsor, and senior management to manage a project that you believe will have a very negative impact on the economy and society. You have shared your concerns, but all parties continue to insist that you proceed. What should you do?A. Manage the project
'The work results of the project:A. Are always products.B. Are products, services, or results.C. Are only considered work results if quality standards have been met.D. Are an output of the work authorization system.
If you are soliciting bids for a project, which of the following would be an appropriate output from this process?A. Proposals from potential sellers.B. Change requests.C. Contracts.D. Qualified seller lists.
Richard is a project manager who is looking at the risks on his project and developing options to enhance the opportunities and reduce the threats to the project's objectives. Which process is Richard performing?A. Risk Management Planning.B. Risk Identification.C. Qualitative Risk Analysis.D. Risk
Evaluation criteria are used to:A. Select a qualified seller.B. Measure conformance to quality.C. Determine if a project should be undertaken.D. Evaluate performance on the project.
What is the difference between a standard and a regulation?A. A standard is issued by ANSI, and a regulation is issued by the government.B. A standard is an input into quality planning, while a regulation is an input into initiation.C. A standard usually should be followed, and a regulation must be
You are managing two projects for two different customers. While meeting with one customer, you discover a sensitive piece of information that could help your other customer, saving them a significant percentage of their project budget. What should you do?A. Act in accordance with any legal
The goal of duration compression is to:A. Reduce time by reducing risk on the project.B. Reduce cost on the project.C. Reduce the scope by eliminating non-critical functionality from the project.D. Reduce the schedule without changing the scope.
While executing the project plan, you discover that a component was missed during planning. The project schedule is not in danger, but the component is not absolutely critical for go-live. What should you do?A. Treat the component as a new project.B. Reject the component as it would introduce
Which of the following would be an output of Activity Sequencing?A. Mandatory dependencies.B. An activity on arrow diagram.C. Discretionary dependencies.D. External dependencies.
Which projected payback period below is the MOST desirable?A. 24 months.B. 52 weeks.C. 3 years.D. 1000 days.
If there are multiple critical paths on the project, which of the following must also be true?A. Only one path will ultimately emerge as the true critical path.B. The schedule risk will be higher with multiple critical paths than with one.C. The schedule should be crashed in order to resolve the
Hemberg's theory of motivation states that:A. Hygiene factors must be present for motivational factors to work.B. Motivation to work on the project must be related back to the individual's need.C. An individual's higher needs will not emerge until the lower needs are met.D. Individuals are
Which of the following is FALSE regarding the contract change control system?A. It is primarily used during the Contract Administration process.B. It is part of the integrated change control system.C. It should be defined in the contract.D. It should include contract dispute resolution procedures.
A speech given at a trade show is an example of which kind of communication?A. Informal written.B. Formal written.C. Informal verbal.D. Formal verbal.
What is indicated by an activity's late finish date?A. The latest the activity can finish without delaying a subsequent activity.B. The latest the activity can finish without delaying the project.C. The latest probable date that the activity will finish.D. The worst-case or pessimistic estimate for
Defective deliverables are repaired as part of which process?A. Direct and Manage Project Execution.B. Perform Quality Assurance.C. Monitor and Control Project Work.D. Integrated Change Control.15
Which of the following would NOT be an organizational process asset?A. Project plan templates.B. Methodology guides.C. Previous activity lists from projects.D. Strong communication skills.
What is the PRIMARY objective of the project manager?A. To follow PMI's processes.B. To deliver maximum value for the organization.C. To deliver the agreed upon scope of the project within the time and budget.D. To delight the customer.
The project has been successfully completed when:A. All of the work has been completed to specification within time and budget.B. The customer is happy.C. The sponsor signs off on the project.D. Earned value equals planned value.
Who is responsible for providing funding for the project?A. The qualified financial institution.B. Senior management.C. The sponsor.D. The project manager.
What type of process is Select Sellers?A. Planning B. Executing.C. Monitoring and controlling.D. Closing.
You have an unfavorable project status to report to your customer at a weekly meeting; however, you are reasonably certain that you can correct the situation by next week's meeting. The customer will not be pleased to hear the current status and based on past history will likely overreact. How
When are the resource requirements estimated?A. As soon as the scope has been adequately defined.B. After the schedule has been defined, but before the budget has been created.C. After the work packages have been defined, but before the activities have been defined.D. After the activities have been
You are managing a project to construct 25 miles of highway at an estimated cost of $1.2 million per mile. You have projected that you should be able to complete the project in 5 weeks. What is your planned value for the end of the 3rd week of the project?A. $12,000,000 ABCD B. $18,000,000 C.
You have a friend in another organization who has shared with you that he is having difficulty understanding the value of doing a scope statement. Your friend's boss is not familiar with formal project management processes and does not want to waste time on the project~erforming unnecessary
Which of the following statements is TRUE regarding risk management?A. Negative risks should be quantified, while positive risks should be qualified.B. Identified risks should be added to the risk register.C. All known risks should be listed in the risk management plan.D. The risks that cannot be
Which statement is TRUE regarding the staffing management plan?A. It is used as an input into Human Resource Planning.B. It is a component of the project plan.C. It should name every human and material resource who will be working on the project.D. It should contain an organization chart for the
Schedule activities are a further decomposition of which of the following:A. 'The statement of scope.B. The work packages.C. The project network diagram.D. The functional specification.
If the schedule variance = $0.00, what must also be true?A. Earned value must be equal to planned value.B. The cost performance index must be equal to 1.C. The schedule performance index must be greater than 1.D. 'The estimate at complete must be equal to budgeted at complete.
Which of the following is NOT an output of Cost Control?A. Recommended corrective action.B. Forecasted completion.C. Required changes.D. Project budget.
You have been working under contract on a very large automotive project that has spanned several years. As part of this project, you have been privileged to practically all of the project information. As you are transitioning off of the project, you would like to use the extensive work breakdown
As project manager, you have made the decision to outsource a part of your project to an outside organization with whom you have never previously worked. You are ready to begin negotiating the contract.What should be your goal in the contract negotiations?A. Having a lawyer or the legal department
Whose job is it to resolve competing objectives and goals between parties on the project?A. The stakeholders.B. The project manager.C. Senior management.D. The sponsor.
Which process focuses on producing a list of the activities needed to produce the deliverables and sub-deliverables described in the work breakdown structure?A. Activity Definition.B. Activity Sequencing.C. Activity List.D. Activity Duration Estimating.
A list of the risks that could affect the project is developed as part of which process?A. Risk Management Planning.B. Risk Identification.C. Risk Response Planning.D. Risk Monitoring and Control.13
Cost estimating should be performed:A. Before the work breakdown structure is created and before the budget is developed.B. Before the work breakdown structure is created and after the budget is developed.C. After the work breakdown structure is created and before the budget is developed.D. After
'The project organization chart should include which of the following:A. ?he performing organization's organizational structure.B. A representation of all identified stakeholders.C. ?he reporting structure for the project.D. 'The organizational structure for all entities related to the project.
You have received a report showing that your overall schedule performance index is 1.5. How should you interpret this information?A. You are earning value into your project at 1.5 times the rate you had planned.B. You are spending $1.50 for every dollar you planned to spend at this point in the
Leads and lags are evaluated and adjusted in which process?A. Performance Reporting.B. Cost Estimating.C. Schedule Control.D. Schedule Development.
As part of your project, your customer needs a software module to handle credit card payments. Senior management informs you that they already own the rights to such a module and would like for you to use this piece of software on the project; however, upon investigation, you determine that your
Based on the table at the right, which path listed below represents the LEAST schedule risk?A. Start-A-B-C-I-Finish B. Start-A-B-H-I-Finish ABCD C. Start-D-E-H-I-Finish D. Start-F-G-I-Finish
An organization where the project manager is in charge of the projects and has primary responsibility for the resources is:A. Functional.B. Projectized.C. Matrix.D. Hierarchical.
Approved budget increases should be:A. Added to the schedule management plan.B. Added to the project's cost baseline.C. Added to the project's reserve fund and used only if needed.D. Added to the lessons learned.
You have assumed responsibility for a project that has completed planning and is executing the work packages of the project. In one of your first status meetings, a member of the project team begins to question the validity of the duration estimates for a series of related tasks assigned to her.
"The features and attributes that characterize a product" describes which of the following?A. The product scope.B. The project scope.C. The work breakdown structure.D. The critical success factors.
You are providing project management services in a foreign country.In an attempt to improve employment, this country has enacted a law limiting the number of hours foreigners may work per week. You are behind schedule on the project and need to work overtime. What is the BEST way to handle this
Which of the following is NOT a primary goal of integrated change control?A. Influencing factors that cause change.B. Determining that a change has occurred.C. Managing change as it occurs.D. Denying change whenever possible.1
Which of the following BEST describes the project plan?A. A formal, approved document used to guide project execution, control, and closure.B. 'The aggregate of all work performed during planning.C. 'The work breakdown structure, schedule management plan, budget, cost management plan, and quality
'The term "slack" is also known as:A. Lag.B. Lead.C. Float.D. Free float.
A project to lay 10 miles of a petroleum pipeline was scheduled to be completed today, exactly 20 weeks from the start of the project. You receive a report that the project has an overall schedule performance index of 0.8. Based on this information, when would you expect the project to be
Which of the following is NOT an input into Activity Definition?A. 'The work breakdown structure.B. Organizational process assets.C. Project scope statement.D. The activity list.
Release criteria for team members is defined as part of:A. 'The organizational management plan.B. The human resources management plan.C. The staffing management plan.D. 'The work authorization system.
Close Project should be performed:A. At the end of each phase or the end of the project.B. Before formal acceptance of the project's product.C. As a safeguard against risk.D. By someone other than the project manager.
'The activity list should include:A. 'The schedule activities on the project that are on the critical path.B. A subset of all schedule activities.C. All of the schedule activities defined on the project.D. A superset of the schedule activities for this and related projects.
Which of the following choices fits the definition for benchmarking?A. Comparing planned results to actual results.B. Comparing actual or planned results to those of other projects.C. Statistical sampling of results and comparing them to the plan.D. Comparing planned value with earned value.1 1
Schedule constraints would likely include all of the following EXCEPT:A. Imposed dates.B. Key events.C. Major milestones.D. Leads and lags.
Which of the following is NOT a project quality management process?A. Perform Quality Assurance.B. Quality Planning.C. Quality Improvement.D. Perform Quality Control.
A project manager is taking the product of his project to his customer for verification that it meets the scope. The customer and the project manager are working together to carefully compare the product to the project's scope to ensure that the work was done to specification. The tool that the
In a typical project, most of the resources are utilized and expended during:A. Initiation processes.B. Planning processes.C. Executing processes.D. Monitoring and controlling processes.
The system that supports all aspects of the project management processes from initiating through closing is:A. Information technology.B. The information distribution system.C. 'The project management information system.D. The work authorization system.
During Direct and Manage Project Team, your project team should be:A. Focused on making sure earned value is equal to planned value.B. Communicating work results to the stakeholders.C. Ensuring that all project changes are reflected in the project plan.D. Executing the work packages.
Which of the following is a negative team role?A. Initiator.B. Information seeker.C. Devil's advocate.D. Gate keeper.
The Project Scope Statement is typically:A. A definitive list of all the work and only the work to be done on the project.B. Issued by senior management.C. Progressively elaborated.D. Defined before the functional specifications.
Team performance assessments are made during which process?A. Human Resource Planning.B. Acquire Project Team.C. Develop Project Team.D. Manage Project Team.
In a strong matrix organization:A. More power is given to the functional manager.B. More power is given to the project manager.C. More power is given to the project expeditor.D. More power is given to the project coordinator.10
Variance analysis is a tool used to:A. Measure variance between actual work and the baseline.B. Measure variance between planned value and schedule variance.C. Measure variance between earned value and actual cost.D. Measure variance between earned value and cost variance.
Your manager has asked to review the quality management plan with you to ensure that it is being followed appropriately. In which process is your boss involved?A. Perform Quality Control.B. Perform Quality Management.C. Quality Planning.D. Perform Quality Assurance.
A project is all of the following EXCEPT:A. Progressively elaborated.B. Has never been done by this company before.C. Interrelated activities.D. Strategic to the company.
Maslow's Hierarchy of Needs theory concludes that:A. Higher needs cannot be realized until the lower needs are satisfied.B. Hygiene factors are those that provide physical safety and emotional security.C. Psychological needs for growth and fulfillment are ineffective motivators.D. The greater the
Which of the following statements is NOT TRUE of integration management?A. Integration is primarily concerned with making sure various elements of the project are coordinated.B. Integration is a discrete process.C. The project management information system is used to support all aspects of the
Which of the following techniques is used in Scope Planning?A. Project selection methods.B. Wl3S templates.C. Expert judgment.D. Inspection.
At what point in project planning would you decide to change the project scope in order to avoid certain high-risk activities?A. Risk Identification.B. Risk Qualification.C. Risk Monitoring.D. Risk Response Planning.
The individual on a project with limited authority who handles some communication and ensures that tasks are completed on time is:A. The project manager.B. The project leader.C. The project coordinator.D. The sponsor.
A fixed-price contract offers the seller:A. A higher risk than the buyer.B. A risk level equal to that of the buyer.C. A lower risk than the buyer.D. Reimbursement of actual costs.
Decomposition is a technique used in:A. Activity Definition B. Activity Duration Estimating C. Activity Sequencing D. Schedule Development 9
You are managing the installation of a new oil well pump in a very productive well. Due to very efficient management and significant personal effort, the project is completed several days ahead of schedule.The customer is ecstatic and offers you a $2,500 "appreciation fee."What should you do?A.
Refer to the table at right. What is the length of the critical path?A. B. ABCD C. D. 16 21 22 22 23
You are beginning construction of a bridge in another country when you discover that this country requires that one of its licensed engineers sign off on the plans before you break ground. Your senior engineer on the project is licensed in your own country and is probably more qualified than anyone
Analogous estimating is also called:A. Vendor bid analysis.B. Bottom-up estimating.C. Scalable model estimating.D. Top-down estimating.
Your company is soliciting bids from advertising firms for the marketing of the product your project will produce. A sales representative from one of the bidding firms calls to invite you to attend a sporting event with him at his expense so that he can ask you some questions about the product to
You are in the middle of bidding on a large and complex project that will produce a great deal of revenue for your company should you win the bid. The buyer has specified several conditions that accelerate some of the key dates and milestones. You have done extensive planning with your team and
Your team has encountered recent unanticipated problems. After extensive earned value analysis you determine that the project has a schedule performance index of .54 and a cost performance index of 1.3. Additionally your customer has just requested a significant change.What should you do?A. Alert
You are a project manager for a software development firm. You are in the final stages of negotiation with a third party vendor whose product your company is considering implementing. You discover by chance that one of your employees has scheduled a product demonstration with herself, the vendor,
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