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PMP Exam Simplified 5th Edition Aileen Ellis - Solutions
Resource leveling is a tool and technique of what process?a. define activitiesb. sequence activitiesc. develop scheduled. estimate activity durations
Another name for hard logic is:a. mandatory dependencyb. discretionary dependencyc. external dependencyd. soft logic
The critical path method is a tool and technique of what process?a. define activitiesb. sequence activitiesc. develop scheduled. estimate activity durations
Stakeholder analysis is a tool and technique of what process?a. develop project charterb. identify stakeholdersc. develop scheduled. collect requirements
Product analysis is a tool and technique of what process(es)?a. collect requirementsb. define scopec. collect requirements and define scoped. define activities
Decomposition is a tool and technique of what process(es)?a. create WBSb. create WBS and define activitiesc. define activities and develop scheduled. develop schedule
You are only 30 percent through your current project and you have experienced more change requests than any project in your 20 year career. You are using a project management methodology that has been tested out across many groups in your organization. The current project has 200 stakeholders from
Your biggest frustration managing your current project is interacting with one of your key stakeholders Mr. Grant. It seems no matter how much planning is conducted, Mr. Grant is always requesting more changes. To help alleviate this situation you should:a. Interact with Mr. Thompson, who is Mr.
Which of the following represents how the project manager should share the stakeholder management strategies:a. shared openlyb. use his best judgment when sharingc. share openly inside the organization but not outsided. share openly with the project team but not the rest of the organization
The stakeholder management plan is used to:a. increase stakeholder support and decrease their negative impactb. identify all project stakeholdersc. prioritize project stakeholdersd. assess how stakeholders will react to various scenarios
All the following statements about time and materials contracts are true except:a. they are a hybrid type of arrangement that contain aspects of both cost-reimbursable and fixed-price arrangementsb. the seller receives a profit in addition to being reimbursed for allowable costsc. the full value of
You are working under a Fixed Price Incentive Contract. The pricing is:target cost: $100,000 target profit: $ 10,000 target price: $110,000 share ratio: 70/30 and a Price ceiling: $125, 000.If you complete the job for a cost of $131,429 what is the PTA (point of total assumption) ?a. $ 120,000b. $
You are managing the design/build of a small office building. With your customer, you have signed a Cost Plus Incentive Contract. The negotiated pricing for the contract is:target cost: $100,000 and the target fee: $ 8,000 max fee $ 12,000 and the min fee is $ 4,000 share ratio 60/40 You complete
You are working under a Fixed Price Incentive Contract. The pricing is:target cost: $100,000 target profit: $ 10,000 target price: $110,000 share ratio: 70/30 Price ceiling: $125,000.You complete the work for a cost of $120,000. The final contract price is?a. $ 120,000b. $ 124,000c. $ 125,000d. $
If the buyer is likely to make their final selection on a vendor based on technical capability and not just low price they are most likely to send out a(n):a. request for quoteb. invitation for bidc. tender noticed. request for proposal
The contract type that often spans multiple years and allows for final adjustments to the total price due to changed conditions is:a. fixed price with economic price adjustmentsb. time and materialsc. cost plus fixed feed. cost plus incentive fee
Acquisition of experts is often handled under what contract type?a. fixed price with economic price adjustmentsb. time and materialsc. cost plus fixed feed. cost plus incentive fee
The contract type with the most financial risk for the seller is:a. firm fixed priceb. time and materialsc. cost plus fixed feed. cost plus incentive fee
The contract type with the least financial risk for the buyer is:a. firm fixed priceb. cost plus fixed feec. cost plus incentive feed. time and materials
We want to ensure that our seller is legally obligated to deliver under a new contract. We most likely will set-up what contract type:a. firm fixed priceb. time and materialsc. cost plus fixed feed. cost plus incentive fee
Under this contract type, the seller is required to complete the work. Financial incentives are included that are related to cost, schedule, or technical performance.All costs above the price ceiling are the responsibility of the seller. This contract type is called:a. firm fixed priceb. fixed
You are experiencing an emergency on your project and need to bring on a consultant with technical expertise very quickly though it is unclear the exact work he will perform. Most likely you will use what contract type?a. firm fixed priceb. cost plus fixed feec. cost plus award feed. time and
The general management technique we use in plan procurements to determine what work should be performed by the project team and what work should be performed externally is:a. make-or-buy analysisb. contract typesc. proposal evaluation techniquesd. procurement negotiations
The customer is reviewing the deliverables to determine how the seller has satisfied certain broad subjective performance criteria that was incorporated into the contract. The seller is most likely working under what contract type:a. firm fixed priceb. fixed price with economic price adjustmentc.
A risk that develops because we implemented a risk response is called:a. a secondary riskb. a residual riskc. a fallbackd. a risk trigger
All of the following are strategies for opportunities except:a. transferb. acceptc. exploitd. enhance
Passive acceptance requires:a. transferring risk to another partyb. setting up a contingency reservec. documenting the decisiond. putting redundancy in place to deal with the risk
When we transfer a risk:a. the risk is eliminatedb. the risk liability moves to another partyc. the risk is actively acceptedd. the risk is passively accepted
The use of insurance is what type of strategy:a. avoidb. transferc. mitigated. accept
A contingency reserve is set-up for what types of risks?a. risks that have been passively acceptedb. risks that have been actively acceptedc. as part of a mitigation strategyd. as part of an avoidance strategy
To perform a cost risk analysis what information is required:a. cost estimatesb. the schedule network diagram and the duration estimatesc. the schedule management pland. the cost management plan
To simulate the project schedule what information is required:a. cost estimatesb. the schedule network diagram and the duration estimatesc. the schedule management pland. the cost management plan
Which of the following statements is true about quantitative risk analysis?a. all risks should go through quantitative analysisb. only the risks on the watch list should go through quantitative analysisc. quantitative risk analysis is a quick low cost processd. the effect of identified risks on
At the end of perform quantitative risk analysis the risk register should include:a. a list of risks with relative rankingb. a list of risks with probabilistic informationc. a list of risksd. a list of risks and a watch list
The triangular distribution gathers information from all of the following scenarios except:a. most likelyb. meanc. optimisticd. pessimistic
The tornado diagram is associated with:a. sensitivity analysisb. expected monetary valuec. decision tree analysisd. simulations
If we hope to develop effective risk responses we may want to group our risks by:a. the deliverable affectedb. the objective affectedc. the project phased. the root cause
Examining the level of our understanding of a risk is called:a. risk probability and impact assessmentb. probability and impact matrixc. risk data quality assessmentd. risk urgency assessment
To develop a risk rating which of the following tools and techniques is used:a. risk categorizationb. probability and impact matrixc. risk data quality assessmentd. risk urgency assessment
At the end of perform qualitative risk analysis the risk register should include:a. a list of risks with relative rankingb. a list of risks with probabilistic analysis of the projectc. a list of risks with no rankingd. a list of risks and fully developed risk responses
A risk watch list is for:a. all risksb. low priority risksc. high priority risksd. all threats
At the end of identify risks the risk register should include:a. a list of risks with relative rankingb. a list of risks with probabilistic analysisc. a list of risksd. a list of risks and a watch list
All of the following are tools and techniques of identify risks except:a. brainstormingb. the Delphi methodc. risk probability and impactd. assumption analysis
The goal of Delphi is:a. a long list of risksb. a consensusc. strengths, weaknesses, opportunities, and threatsd. group think
Who should be involved to help identify risks?a. the project managerb. the project management teamc. all project personneld. the risk management team
Diagramming techniques to identify risks include the following except:a. Delphib. cause and effectc. system or processd. influence
Which of the following is not developed as part of plan risk management:a. a risk methodologyb. roles and responsibilities for risk managementc. risk registerd. risk definitions
The tool and technique of plan risk management that is used to define the overall risk management context of the project is:a. meetingsb. analytical techniquesc. stakeholder registerd. project charter
Which of the following is developed as part of plan risk management:a. a risk registerb. a list of risksc. a risk methodologyd. a risk response plan
The risk breakdown structure (RBS) is a hierarchical breakdown of risk by:a. impactb. probabilityc. timingd. category
What plan is an input to the plan risk management process?a. risk management planb. stakeholder management planc. communications management pland. project management plan
The most efficient means for communicating and ensuring a common understanding with stakeholders is:a. electronic mailb. a face-to-face meetingc. a reportd. a voice mail
The communications plan is an output of plan communications management. This plan then becomes an input to:a. manage communications and identify stakeholdersb. manage communications and manage stakeholder engagementc. manage communications and plan stakeholder managementd. manage communications and
When the receiver acknowledges the message, he is really saying that he:a. agrees with the messageb. understands the messagec. has received the messaged. comprehends the message
The most efficient way to ensure a common understanding is:a. interactive communicationb. push communicationc. pull communicationd. silent communication
Video conferencing is an example of what communication method?a. interactive communicationb. push communicationc. pull communicationd. silent communication
Which plan is an input to plan communications management?a. communications management planb. human resource planc. procurement management pland. project management plan
In the communications model, distance is an example of:a. encodingb. the messagec. the mediumd. noise
You realize that as you increase the number of stakeholders, you increase the number of communication channels. Your current project has 10 stakeholders total.How many communications channels are there on this project?a. 10b. 45c. 50d. 100
When sharing large amounts of information or information to a large group, we are most likely to use:a. push communicationb. interactive communicationc. pull communicationd. communication model
In the communications model, translating the message back into meaningful thoughts is:a. encodingb. mediumc. noised. decoding
Which of the following is an input to plan communications?a. stakeholder registerb. team directoryc. human resource pland. communications plan
Geographical dispersion of team members is an example of:a. networkingb. an organizational theoryc. enterprise environmental factorsd. organizational process assets
Exercising a flexible management style as the team matures is an example of:a. networkingb. an organizational theoryc. enterprise environmental factorsd. organizational process assets
When utilizing a RAM (responsibility assignment matrix) it is important to:a. show reporting relationshipsb. describe the way people and teams behavec. ensure that only one person is accountable for each taskd. identify risks associated with staff acquisition
The resource breakdown structure:a. may contain multiple categories including human resourcesb. shows the reporting relationshipsc. shows the project deliverablesd. defines the communication protocols
All of the following are reasons to document team member roles and responsibilities except:a. ensure each work package has an ownerb. ensure each team member understands their rolec. ensure each team member understands the reporting relationshipsd. ensure each team member understands the
All of the following are elements of the human resource management plan except:a. project staff assignmentsb. roles and responsibilitiesc. project organization chartsd. staffing management plan
Information on how people, teams, and organizations behave is called:a. roles and responsibilitiesb. networkingc. organizational theoryd. human resource plan
The responsibility assignment matrix shows:a. how many hours are required by resource categoryb. who is responsible for what activitiesc. the reporting relationshipsd. the positional descriptions for team members
The organizational breakdown structure shows:a. reporting relationshipsb. the project deliverablesc. the resources required for the projectd. the existing organizational departments with the project work packages listed under each department
The project organizational chart shows:a. reporting relationshipsb. the project deliverablesc. the communication protocolsd. the existing organizational departments with the project work packages listed under each department
You are the project manager for a logging company. This month you are charted to deliver 10,000 units that are 60 centimeters each. Your upper control limit on your process is 63 centimeters. Your lower control limit on your process is 57 centimeters.Approximately what percentage of your units will
A cause-and-effect diagram is also known as:a. Ishikawa diagramb. scatter diagramc. Pareto diagramd. flowchart
A SIPOC (supplier, inputs, process, outputs, customers) model is an example of:a. cause-and-effect diagramb. check sheetsc. Pareto diagramd. flowchart
You own an outdoor food stand where your main product is hamburgers. You want to collect data so you can understand the inherent limits of your process. To do this, you are most likely to use a:a. Pareto chartb. control chartc. cause and effect diagramd. trend analysis
Training is an example of a(n):a. prevention costb. appraisal costc. internal failure costd. external failure cost
Testing only part of a population that is representative of the whole is known as:a. statistical samplingb. benchmarkingc. design of experimentsd. the cost of quality
Ensuring that each quality activity is worth the cost is confirmed through:a. the cost of qualityb. cost-benefit analysisc. benchmarkingd. design of experiments
A statistical method used to determine optimal conditions for producing the product is called:a. the cost of qualityb. cost-benefit analysisc. benchmarkingd. design of experiments
Comparing project practices to those of other organizations to identify best practices is known as:a. the cost of qualityb. cost–benefit analysisc. benchmarkingd. design of experiments
Control limits are usually set at:a. +/- 3 sigmab. +/- 6 sigmac. +/- 1 sigmad. +/- 4 sigma
Rework is an example of a(n):a. prevention costb. appraisal costc. internal failure costd. external failure cost
The output of determine budget is the:a. cost estimateb. basis of estimatec. cost baselined. cost-benefit analysis
Your management has approved a contingency reserve for the project. There seems to be some confusion between contingency reserve and management reserve.You explain that management reserve is:a. the difference between the maximum funding and the top end of the cost baselineb. the same as contingency
Management is concerned about the practice of cost estimators and project managers inflating cost estimates. To deal with this practice in a positive way, management has told you that you will be allowed a contingency reserve on your project if you can support the reserve with real data. From your
The project funding requirements should equal:a. the cost baselineb. value of work package cost estimates plus value of contingency reservec. the cost baseline plus the management reserved. the cost baseline plus the contingency reserve
The project budget is equal to:a. value of work package cost estimates plus value of contingency reserveb. value of the cost baseline plus the value of the management reservec. value of the activity cost estimates plus the value of the activity contingency reserved. value of the work package cost
Cost aggregation results in:a. cost estimates allocated to each activityb. cost estimates allocated to each work packagec. cost estimates added together to create an estimate for the entire projectd. cost estimates added together to create an estimate for the product life cycle
The total value of the control accounts is equal to:a. value of work package cost estimates plus value of contingency reserveb. value of the cost baseline plus the value of the management reservec. value of the activity cost estimates plus the value of the activity contingency reserved. value of
One way to get people more committed to meeting a cost estimate is to:a. involve people doing the technical work in the estimating processb. ensure the cost of quality is used as a tool and techniquec. utilize reserve analysis on the projectd. use project management software for all estimating
As you are planning your project, your team members are asking about the amount of variance that will be allowed. They are really asking you about:a. precision levelb. control thresholdsc. earned value rulesd. report formats
All of the following are true concerning the basis of estimate except:a. supports the cost estimate backup informationb. should include rangesc. describes how cost estimate was developedd. is an input to estimate costs
Cost estimate tolerances should:a. narrow over the life of the projectb. widen over the life of the projectc. stay approximately the same over the life of the projectd. increase over the life of the project
All of the following are tools and techniques of estimate costs except:a. cost of qualityb. project management softwarec. vendor bid analysisd. benefit cost analysis
Currency exchange rates are an example of:a. units of measureb. enterprise environmental factorsc. levels of accuracyd. organizational process assets
The amount we are allowed to deviate from the baselines without escalating is called:a. control thresholdsb. levels of precisionc. levels of accuracyd. earned value measurement
All estimates must be within +/- 20 % is an example of:a. control thresholdsb. levels of precisionc. levels of accuracyd. earned value measurement
Weighted milestones, percent complete, etc., are techniques used in:a. units of measureb. levels of precisionc. levels of accuracyd. earned value measurement
The degree of rounding allowed is called:a. level of precisionb. level of accuracyc. control thresholdsd. rules of performance measurement
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