PMP Question Bank - 400 PMP Sample Questions 1st Edition M Fahad Usmani - Solutions

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You have signed a Cost Plus Incentive Fee contract with the client. The details of the contract are as follows: Target cost: 300,000 USD Target fee: 30,000 USD Maximum fee: 40,000 USD Minimum fee: 15,000 USD Share ratio: 60/40 You have completed the work and the actual cost is 270,000 USD. The
You are going to apply for registration of your company in a new country. There are two routes to apply within the registration process: the first route is the normal process where you have to pay a fee and become registered. The other is an express process where you have to pay more to get
The Monitor Stakeholder Engagement process helps you increase the effectiveness of stakeholders' engagement with your project. Which of the following is not an output of this process? (a) Change request (b) Project document update (c) Issue log (d) Stakeholder management plan Go to the Answer
You are performing the inspection of a deliverable with your contractor to determine if the deliverable is meeting requirements. After being satisfied with the inspection, you accept the deliverable. Which process are you in? (a) Quality control (b) Validate scope (c) Close procurement (d)
A SWOT analysis helps you identify opportunities which arise from organizational strengths threats dues to its weakness. According to this analysis, analyzing the strengths and weaknesses is a part of: (a) Internal factors (b) External factors(c) Discretionary factors (d) Mandatory factors Go to
You get some information that two of your members are going to have a conflict on some issues and this may affect your project performance. To stop this conflict from happening, what kind of communication will you use initially? (a) Formal verbal (b) Informal verbal (c) Formal written (d) Informal
When any phase closes, some type of hand-off happens. Which of the following options is not a name for this point? (a) Milestone (b) Kill point (c) Stage gate (d) Exit point Go to the Answer
Your organization is following a methodology where the long term approach is customer satisfaction, and to achieve this objective all members of your organization participate. What methodology is this? (a) JIT (b) KAIZEN (c) KANBAN (d) TQM Go to the Answer
Based on the table below, which of these statements is correct? (a) The project is ahead of schedule (b) The project is behind schedule (c) CPI is 0.98 (d) Not sufficient dataGo to the Answer Activity Planned Value Activity Cost Actual Cost A 5000 5000 5500 % of Completed 100 B 10000 15000 11000 80
For the table given in question 390, what will the free float be for the identified activity? (a) 6 (b) 23 (c) 21 (d) 2 Go to the Answer
Based on the table given below, find out which activity will have the free float?(a) Activity F (b) Activity E (c) Activity G (d) Activity C Go to the Answer Predecessor Successor Activity Duration Activity Activity A 8 Start B A C End 11 B Start E D LL F E, G End 3 Start F 6 542m BCDEF G
You are responsible for IT maintenance in your organization. The head of the IT department comes to you with an internet security expert and tells you to disable auto login and force authentic login based on a new password. The password will be 15 characters long and consist of letters, numerals,
Which of the following is not a management skill that a project manager will use to get support from the stakeholders? (a) Facilitate consensus (b) Resolving conflicts (c) Negotiate agreement to satisfy needs (d) None of the above Go to the Answer
You are designing a motor engine. During the design phase, you find that a technique required to develop the piston is a bit more advanced than the technology you currently possess. Although you can acquire this technology, it is too time consuming. On the other hand, there is a supplier that can
During the execution phase many small, unforeseen incidents happen which you manage with a workaround. What will your first step be after managing these unforeseen incidents? (a) Raise the change request (b) Update the cost baseline (c) Update the schedule baseline (d) Record it in lessons learned
You have bought a piece of land with a worth of 120,000 USD. You also have an agreement with the company that if you return this land to them after 2 years, they will give you 160,000 USD. What is the appreciation rate? (a) 15.5 (b) 20 (c) 10 (d) 7 Go to the Answer
Which of the following is not an interpersonal skill that the project manager will use to manage stakeholders' expectations? (a) Active listening (b) Overcoming resistance to change (c) Punishment (d) Building trust Go to the Answer
Due to a shortage of funds, a client asks you to end the project immediately. What will your next step be? (a) Try to convince the client to not close the project (b) Discuss the issue with your team members (c) Enter the close procurement process (d) Enter the close project process Go to the Answer
You have two mutually exclusive events, which have a chance of happening of 15% and 25%. What is the chance that one of them will occur? (a) 40% (b) 60% (c) 15% (d) 25%Go to the Answer
You are having some issues in your project, therefore, you bring all team members into the war room to resolve the issues. What is the purpose of the war room? (a) To punish guilty members (b) To keep members in isolation (c) Enhance communication (d) None of the above Go to the Answer
You have been producing ball bearings in large numbers. For this kind of process, what technique will you use to verify if the products are of the right quality? (a) Inspection of all products (b) Statistical sampling (c) Inspection of the first three samples (d) Inspection of the last three
Based on the below given diagram, which statement is correct?(a) In the second month, the project was under budget (b) In the fourth month, the project was ahead of schedule (c) In the third month, the project was under budget (d) In the fifth month, the project is behind schedule $40,000 $30,000
You have been assigned as a project manager for an ongoing project. After joining the project, you start reviewing the project document and notice that the WBS dictionary has many discrepancies. Due to these discrepancies, which of the following will be least affected? (a) Resources required (b)
Your project is complete and the product is ready to be delivered. The client inspects the deliverable and accepts it. What process is this? (a) Close procurement(b) Close project (c) Validate scope (d) Verify scope Go to the Answer
John has been assigned a task to build a facility where different types of bicycles can be produced. John builds this facility and hands it over to Andrew to run it. What is Andrew’s role? (a) Project manager (b) Program manager (c) Operation manager (d) Portfolio manager Go to the Answer
You are analyzing whether the stakeholders are resistant, neutral, or supporting and noting down all the information in a table. What tool is this? (a) Stakeholder register (b) Stakeholders engagement assessment matrix (c) RACI chart (d) RAM Go to the Answer
You have an agreement with one of your suppliers which allows you to make limited changes in some exceptional situations. Under one such situation, you make some changes in the scope of the work. What will your next step be? (a) Call the supplier and inform them about it (b) Call for a meeting with
During the risk qualification process, you have identified many risks with a low impact or probability of happening. How will you deal with these risks? (a) Ignore them (b) Analyze them further (c) Keep on the watch list (d) Plan a risk response for them Go to the Answer
You are in the process of planning human resources and developing the roles and responsibilities for your team members. Which of the following will you not address during this process? (a) Role (b) Authority (c) Training (d) Competency Go to the Answer
Many problems have arisen in your project and you are finding it difficult to manage. You decide to identify the problems, quantify the source, and solve them. Which of the following tools will you use here? (a) Tornado analysis (b) Pareto analysis (c) Ishikawa diagram (d) Latin Hypercube technique
Your organization is evaluating a project to decide whether to go or not go for it. The estimated cost of this project is 500,000 USD and the duration of this project is three years. At the end of the first year, you will get 200,000 USD revenue, at the end of the second year, you will get 170,000
A risk occurred in your project. This was an identified risk, so the risk owner implemented the risk response plan and the risk was mitigated. Which of the following is least likely to be updated due to this action? (a) Project team assignments (b) Risk report (c) Issue log (d) Project management
You have been appointed as project manager for an ongoing project. Upon reviewing the project documents, you notice that a WBS was not created and work is moving ahead without it. What will your next step be? (a) You will continue to work without a WBS (b) Start developing the WBS immediately (c)
You are managing two projects. The first project is to design and construct a school building, and the second project is to construct an office building for your company's employees. What is your current role? (a) Project manager (b) Program manager (c) Portfolio manager (d) None of the above Go to
You are determining the probability and impact of risks in order to find the expected monetary value and then the contingency reserve. Which of the following statements is true about the expected monetary value? (a) You don't consider positive risks while calculating the EMV (b) You consider
Your organization has received two possible projects. The first project will give you 50,000 USD profit but it is a bit time consuming, and the second project will give you 35,000 USD and it will complete earlier than the first project. Therefore, you select the second project. What is the
A new law is going to come into effect; after five years, all motor engines are required to be Euro IV compliant. Therefore, your company has given you a project to ensure that all process and procedures are modified to produce Euro IV compliant engines when the law goes into effect. This project
Your project is delayed because of some regulatory issues and the client has asked you to stop the work until he gets government clearance. The project team members are afraid that the project may be terminated early and you may need to enter into the close project process. In which of the
Management is sending a team of experts for a risk audit. You inform management that you have already completed the risk review process and did not find any shortcomings, so there is no need for a risk audit. However, management is firm on their decision. Which of the following is true about the
You have a project with a cost of 10,000 USD, and the duration is 10 months. Five months have passed, 45% of the work is completed and you have spent 5,500 USD. The value of this 45% of the work is known as: (a) Planned value (b) Earned value (c) Actual cost (d) Schedule variance Go to the Answer
You are constructing an office building. Work has started and you are in the middle of your project. You feel that if you add one more floor to the building it will cost much less than if the client decides to add it in the future. This change, however, will lead to a change in various baselines
The client is asking for many changes in the project which is causing you to change the baseline many times. You are constantly estimating the cost of impact and raising the change request, and once it is approved, you will update the cost baseline. Which of the following should be updated
You have been assigned as a project manager for an ongoing project. While reviewing the project documents you notice that the project does not have a risk management plan. What will your next step be? (a) As the project has already started, you will do nothing (b) Ignore the risk management plan
Your organization manages many projects at one time. For your project, you have been assigned a place in a building to utilize for your project related activities. However, to use this facility, you have to pay the electricity bill which is distributed to all project teams. This electricity bill is
Work authorization is a subsystem of the project management system, which is used by the project manager or any authorized person to run the project with command and control. Which statement is not true about the work authorization system? (a) It is used to manage proper sequence of work (b) It
You are developing a product for your client. During the development of the product, the client has indicated that he needs some changes in the product, so you process his request. How do you manage changes in product specification? (a) Change management (b) Integration management (c) Product
You have been given a task to find cost estimates for several projects, and your organization will submit its bid based on these estimates. The financial position of the organization is not very good; therefore, they tell you that they cannot invest more than 500,000 USD. They also give you a
You have been assigned a very critical project. Although your team members are experts and efficient, your team performance is poor. What will you do to improve your team performance? (a) Train them (b) Warn them(c) Co-locate them (d) Punish them for poor performance Go to the Answer
You are constructing an office building. The cost of this project is 200,000 USD, and the duration of the project is 8 months. During the performance review in the sixth month, you find that 65% of the work is completed and the cost performance index is 1.3. The Planned Value (PV) will be: (a)
You are using a technique involving the project’s risk and uncertainty to find the probability of completing the project under different situations. What process is this? (a) Estimate activity duration (b) Perform qualitative risk analysis (c) Develop schedule (d) Perform quantitative risk
The client needs a small modification in the project scope, and he discusses it with you. He has told you that this may not increase the cost and may actually save some money. What will your next step be? (a) Approve it (b) Reject it (c) Review it (d) Discuss it with the management Go to the Answer
To create the status report, you have collected the data for value of completed work, actual duration, actual completed work, etc. These data are examples of: (a) Work performance data (b) Work performance information (c) Work performance measurement (d) Performance data Go to the Answer
During risk planning, you encounter a risk that you find difficult to manage; therefore, you make small changes to your project management plan to eliminate the risk. Which risk response strategy are you using here? (a) Avoid (b) Mitigate (c) Accept (d) Exploit Go to the Answer
You are working as a project manager in a functional organization. You have limited power and no team member reports to you directly. In this situation, which power will you use to get the job done? (a) Reward power (b) Expert power (c) Referent power (d) Formal power Go to the Answer
You have been producing rods with the following lengths: 50 cm, 55 cm, 62 cm, 65 cm, and 68 cm. What is the standard deviation?(a) 35 (b) 43.6 (c) 6.6 (d) 4 Go to the Answer
For question number 344, determine the estimate at completion assuming the future cost performance is same as the past cost performance. (a) 110,000 USD (b) 85,000 USD (c) 909,09 USD (d) 117,647 USD Go to the Answer
You have a project with a budget of 100,000 USD. The duration of the project is 20 months, and the work is evenly distributed throughout the duration. After 10 months, you review the project’s progress and you find that 55% of the work is completed and 65,000 USD has been spent. Based on the
Assumptions and constraints are important for your project. They help shape your project management plan. Any wrong assumptions or constraints can severely impact your project. How will your project be affected when a constraint turns out to be false? (a) Positively (b) Negatively (c) Depends on
Due to improper cost planning, your cost performance is not as planned and you are over budget. Therefore, you again estimate the cost of the project and find that you will require more money to complete the project. This will require an update of the cost baseline. What will you do? (a) Update the
You are managing two projects. The first project is to design a simulator for a client which he will use in his driving school. The second project is to install a security system on a client’s premises to ensure its security around the clock. What is your role here? (a) Project manager (b)
You have two projects with NPV 10,000 USD and 15,000 USD. Since the NPV of the second project is higher, you will select it. In this case, the cost 10,000 USD will be known as: (a) Sunk cost (b) Opportunity cost (c) Lost cost (d) None of the above Go to the Answer
You have identified risks and now have asked your team members to analyze which risks have the largest potential impact on the project. Which of the following tools will help you find this impact? (a) Sensitivity analysis (b) Pareto analysis (c) Probability and impact analysis (d) Decision tree
You have joined a new project which is having a lot of conflicts. Management has asked you analyze the causes of these conflicts and provide suggestions to reduce them as they are affecting the project performance. Which of the following is least likely to be a cause of conflict in a project? (a)
You want to buy a cell phone and you have two options. The first phone is cheaper and offers less functionality, but it has a proven track record of good stability and reliability. The second phone is a feature rich, costly phone but it has some stability and reliability issues. Which of the
Management is asking you to provide them with the report on the project’s status and progress. Therefore, you start preparing a report on it. You are preparing a chart where you are using a virtual activity (an aggregation of several activities) showing the summary levels so management can
In procurement management, you have many documents to help you such as request for quotation, request for information and invitation for bid, etc. These documents are knowns as: (a) Organizational process assets (b) Project documents (c) Contract documents (d) Procurements documents Go to the Answer
You are developing a smartphone, when suddenly your competitor has launched a smartphone which is better than yours. Therefore, you make some changes to the product which causes WBS elements to be amended heavily. What kind of changes have you made to your project? (a) Change in scope (b) Change in
You have been given four possible projects and must select one project to work. The NPV of each project is: 10,000 USD, 15,000 USD, 20,000 USD, and 25,000 USD. Which of the following projects will you select? (a) The project with 10,000 USD NPV (b) The project with 15,000 USD NPV (c) The project
You have advertised in several newspapers to inform interested contractors to apply for a bid for some of your procurement needs. Which process are you currently in? (a) Plan procurement management (b) Conduct procurement(c) Control procurement (d) None of the above Go to the Answer
You see an opportunity if you complete the project ahead of time: you may get a new project. Therefore, you try to complete the project early, but due to lack of resources, you are only able to shorten the duration of a few activities by starting the parallel or partially-parallel. Which risk
Two of your team members are having conflicts about their roles and responsibilities. In attempting to resolve this conflict you ask them to refer to the responsibility assignment matrix. Which of the following statements is not true about the responsibility assignment matrix? (a) It shows the
You have delivered a batch of spare parts to a client. The client performed an inspection of these items and found that they do not meet their quality requirements. The client is not satisfied and they have returned the items to you which requires a lot of rework. What will happen if you do not
You are developing a video game for a client. The cost of the project is 250,000 USD. To date, you have spent 100,000 USD and you have completed the 30% of the project. Upon a review of the project you find that, due to an error, you are over budget and from now onward you can move ahead as
Your project is delayed and you are trying to compress the schedule so that you can bring your project on track. While reviewing the activities of your project, you notice that plumbing work starts after completing electrical work. You discuss these two activities with your team members and reach a
The client informs you that he noticed some parts of the work are not being completed by your team. You ensure him you will look into it and give a proper response after verifying the facts. Which document will you refer to verify it? (a) Scope statement (b) WBS dictionary (c) Schedule baseline (d)
You have joined a new organization and are assigned a project. This is a new type of project but the organization has completed many similar projects in the past. You decide to review the lessons learned from past projects. You go to the archives and ask for the lessons learned from past projects.
Your project is 70% complete and within the next two months it will be 100% complete and the deliverable will be handed over to the client. Afterward, you will be assigned to a new project. You have your staff but they are worried about their jobs. What type of organizational structure is this? (a)
The project statement of work is a narrative description of products, services, or results to be delivered by a project. The procurement statement of work includes: (a) Project scope statement (b) WBS dictionary (c) WBS (d) None of the above Go to the Answer
You are behind schedule and the client has threatened you with a penalty if you fail to complete the project on time. Therefore, you fast-track many activities to finish the project earlier. Unfortunately, an important team member has become ill and left the job. You did not plan for this incident;
You are working in a large organization and directly reporting to the project manager. Whenever you give any report to the project manager, he asks for supporting evidence and documents. He also routinely watches all his team members’ minute activities. What kind of boss is he? (a) Theory Y (b)
Management wants to get your organization accredited by ISO for its quality management system. Therefore, they call some external auditors to come and review your processes for ISO QMS compliance. Which ISO standard is used for a quality management system? (a) ISO 9001 (b) ISO 9000 (c) ISO 31000
Due to an improper cost management plan, you are over budget and a new estimate is required to complete the project. Management asks you what the new estimate for the project will be. Which of the following formulas is not used to find this new estimate?(a) BAC / CPI (b) AC + (BAC – PV) (c) AC +
The client has given you a project to construct a cold storage plant. Everything was going as planned, however, due to some unforeseen incidents, your project is delayed. The client is in a hurry and has threatened you with a large penalty if you are not able to complete the project on time. So,
Your organization gets a new project and wants you to assign the project manager for this project. As management is busy with other activities, they ask you to develop the project charter so the project can get started. To develop the project charter, which of the following is not needed? (a)
Enterprise environmental factors are conditions under which you must work and you cannot control them. Which of the following is not an enterprise environmental factor? (a) Organization culture (b) Market condition (c) Corporate knowledge base (d) Project management information system Go to the
Your organization has an opportunity to select one project from many available projects. Therefore, they ask you to select a project based on the constrained optimization selection method. Which of the following techniques will you use to select the project? (a) NPV (b) IRR (c) Linear programming
You have signed a multi-year contract with a customer to complete a project for a fixed price. Since the duration of the contract is long, you have added a provision to adjust the price of the contract according to the market inflation. What kind of contract is this? (a) FPIF (b) FP-EPA (c) Time
The probability and impact matrix helps you rank risks so you can develop your risk management plan accordingly. Which statement is true about the probability and impact matrix? (a) It includes high-grade risks with its impact (b) It includes low-grade risks with its impact (c) Here the definition
You are going to launch a new product in the market and to attract customers you sign an advertisement contract with a famous Hollywood actor. What kind of power are you using here to market your product? (a) Formal power (b) Referent power(c) Expert power (d) Influential power Go to the Answer
A team member tells you that if he adds a few extra lines of code to the program, it will add some more functionality to the program and the client will appreciate the product. You ask him to refrain from doing so. What the team member was going to do is known as: (a) Gold plating (b) Fast tracking
You are reviewing a chart which looks like an S-Curve during the execution phase of your project. What kind of chart is this? (a) Cause and effect diagram (b) Pareto diagram (c) Cost baseline (d) Sensitivity diagram Go to the Answer
What is the standard deviation for the above activity? (a) 0.833 (b) 2 (c) 1/3 (d) 0.5 Go to the Answer
An activity can be completed in 5 days if the conditions are favorable; however, if the conditions are unfavorable, it will take 10 days to complete. The most likely time for this activity to be completed is 6 days. Determine the PERT estimate for this activity. (a) 6.5 (b) 7 (c) 5 (d) 3.5 Go to
You are in the process of subdividing project deliverables and project work into smaller, more manageable parts so the project management team can get a structured vision of what has to be delivered. Which of the following is an output of this process? (a) Scope baseline (b) RBS (c) Network diagram
Management wants to track the project cost and you want to provide them with this information with the use of a chart. Which of the following charts can be used for this purpose? (a) Resource calendar (b) Hierarchical structure (c) Cost chart (d) Resource breakdown structure Go to the Answer
Your project is 60% complete and while reviewing the lessons learned document you notice that it has missed a few lessons you have learned recently. You call all your team members and tell them to update the lessons learned as they happen. On any project, who is responsible for updating the lessons
You need to hire several subject matter experts for your project. Time is limited and the scope of work is also not very clear. In this situation what kind of procurement contract will you utilize to hire experts? (a) Cost plus fixed fee (b) Firm fixed price (c) Fixed price economic price
An identified risk occurred during the execution phase and the risk owner implemented the risk response plan. The impact of the risk was higher than the planned impact and the risk response plan was not effective. So, you ask the risk owner to implement the fallback plan to contain the situation.
Some of your team members do not come to meetings on time. A few other members keep themselves busy with other activities during meetings, and their behavior is not proper. Therefore, to improve the environment what step will you take? (a) Co-locate team members (b) Bring them into the war room (c)
You are using an analytic tool to find the strengths and weaknesses of alternatives to determine the best option in terms of benefits provided. What tool is this? (a) SWOT analysis (b) Prototype (c) Benchmarking (d) Cost benefit analysis Go to the Answer

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PMP Question Bank - 400 PMP Sample Questions 1st Edition M Fahad Usmani - Solutions

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