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

Result Not Found

Books FREE
Study Help
Tutors
AI Study Planner NEW
Sell Books

Search
Sign In
Register

study help
business
pmp® exam practice test and study guide

PMP Exam Prep 6th Edition Rita Mulcahy - Solutions

Which of the following is a common source of project complexity?a. Team size and project duration.b. Stakeholder involvement and project budget.c. Human behavior, system behavior, ambiguity, and technological innovation.d. Availability of resources and tools.
What is complexity in the context of a project?a. The difficulty of completing a project on time.b. A characteristic of a project that is difficult to manage due to factors like human behavior, system behavior, and ambiguity.c. The total number of tasks in a project.d. The amount of time taken to
In the context of quality, what is a requirement?a. A condition or capability must be present in a product, service, or result to satisfy a need.b. An optional feature that enhances the project's outcome.c. A recommendation made by a project stakeholder.d. A goal the project team sets for their
What is the purpose of quality activities in project management?a. To ensure that what is delivered meets the objectives of the customer and other relevant stakeholders.b. To ensure the project team completes their work on time.c. To ensure that the project team is working to their full
Which of the following factors are considered when tailoring project systems?a. The business environment, team size, uncertainty, and project complexity.b. The marketing strategy, financial status, and the project manager's preference.c. The geographical location of the organization and the project
What is tailoring in the context of project management?a. Implementing a strict methodology without any adjustments.b. Making changes to the project timeline based on the resources available.c. Adapting approach, governance, and processes to suit a given environment and work.d. Selecting a random
How does effective leadership contribute to a project?a) It focuses solely on the authoritative role of a project manager.b) It promotes project success, fosters shared responsibility toward the project goal and contributes to positive project outcomes.c) It encourages a laissez-faire approach to
How does systems thinking apply to project teams themselves?a) It helps them see themselves as independent entities.b) It gives them a view of their interactions within the project system, helping them work cohesively.c) It helps them avoid responsibility for the overall project.d) It provides them
Why is recognizing, evaluating, and responding to system interactions important in project management?a) It enables the team to maintain consistent project costs.b) It can lead to early consideration of uncertainty and risk within the project and provide ongoing information and insights that inform
What is a system in the context of project management?a) A software used for project management.b) A set of interacting and interdependent components that function as a unified whole.c) A team structure in a project.d) A project lifecycle.
A project's value is its ultimate success indicator. Which of the following statements best defines value in the context of a project?a) Value is the financial contribution to the sponsoring or receiving organization.b) Value is the subjective worth, importance, or usefulness of something, which
The business case for a project often includes several key elements. Which of the following is NOT typically included in a business case, based on the information in the text?a) A cost-benefit analysis and assumptions.b) A detailed project schedule.c) Information about strategic alignment.d) An
The process of stakeholder engagement can change throughout the project lifecycle. What factor most likely requires adjustments to stakeholder engagement?a) The variation in stakeholders' interest, influence, or impact over time.b) The alignment of the project with its original business case.c) The
Stakeholders can influence a project in several ways. Which of the following is NOT a way stakeholders can impact a project?a) By helping to reduce or increase project costs.b) By defining success factors and participating in the evaluation of success.c) By controlling the overall project
What does a collaborative project team environment foster?a) The free exchange of information and individual knowledgeb) The free exchange of information onlyc) Individual knowledge onlyd) Neither the free exchange of information nor individual knowledge
What does creating acollaborative project team environment involve?a) Team agreements, structures, and processesb) Team agreements and structures onlyc) Team agreements and processes onlyd) Structures and processes only
What does "Be a diligent, respectful, and caring steward"encompass?a) Only responsibilities within the organizationb) Only responsibilities outside the organizationc) Both responsibilities within and outside the organizationd) Neither responsibilities within nor outside the organization
How were the principles of project management identified and developed?a. By a single project management expertb. By a small group of project management expertsc. By engaging a global community of project practitionersd. By a government agency
What four values are identified in the PMI Code of Ethics and Professional Conduct?a. Responsibility, Respect, Fairness, and Honestyb. Responsibility, Respect, Freedom, and Honestyc. Responsibility, Respect, Fairness, and Integrityd. Responsibility, Respect, Fairness, and Trust
What is the purpose of the principles of project management?a. To serve as laws or rulesb. To guide the behavior of people involved in projectsc. To reflect moralsd. To serve as a code of ethics
In the context of product management, how do portfolios, programs, projects, and products typically relate?a) Each represents a different level of strategic organizationb) All four terms represent the same conceptc) Each requires a separate project managerd) The terms are unrelated and used
Which of the following is not typically a function performed in project management?a) Cost estimationb) Staff recruitmentc) Time schedulingd) Sales forecasting
An example of an internal factor that can impact a project is:a) Changes in market demandb) Political instabilityc) Organizational structured) Natural disasters
Which of the following is how organizational governance systems contribute to project success?a) By determining the project scheduleb) By implementing project management softwarec) By establishing guidelines for decision-making and resource allocationd) By promoting the project on social media
How does creating value contribute to project success?a) By ensuring strict adherence to project timelinesb) By aligning the project's objectives with the stakeholders'expectationsc) By achieving the highest possible profit margind) By using the most advanced technology available
Which of the following illustrates the relationship between portfolios, programs, projects, and products?a) Portfolios contain programs, which contain projects that produce productsb) Products are made up of projects, which form programs and portfoliosc) Projects, programs, and products are
Which of these is an example of an external factor influencing a project?a) Changes in project management softwareb) Interpersonal conflicts within the project teamc) A new law that changes industry regulationsd) Budgetary constraints within the organization
Which of the following is not typically a function associated with project management?a) Quality managementb) Procurement managementc) Cost managementd) Customer relationship management
What is the primary role of governance in a project's value delivery system?a) Assigning project tasks to team membersb) Making major decisions about the project's directionc) Establishing a clear hierarchy within the project teamd) Ensuring regulatory compliance at all stages of the project
Which of the following best describes a project's value in the context of organizational strategy?a) The financial gain realized upon project completionb) The extent to which it aligns with and supports strategic objectivesc) The speed at which the project is completedd) The level of technological
How do portfolios, programs, projects, and products relate in the context of Product Management Considerations?a) They represent distinct, unrelated components of a businessb) They are organized hierarchically, from portfolios down to individual projects and productsc) They are interchangeable
Functions associated with projects include all of the following except:a) Risk managementb) Scope managementc) Stakeholder managementd) Sales management
Which of the following is an internal factor influencing the project environment and its value delivery?a) Regulatory environmentb) Technological changesc) Organizational cultured) Economic trends
Organizational Governance Systems support a system for value delivery by:a) Allocating resourcesb) Developing productsc) Generating revenued) Setting operational policies
Creating Value within a project primarily focuses on the following:a) Reducing costsb) Increasing profit marginsc) Meeting stakeholder expectationsd) Expanding the market share
Product Management Considerations are crucial because:a) They ensure all tasks are assigned to team membersb) They facilitate the completion of the project on timec) They ensure the alignment of projects with organizational goalsd) They focus solely on product quality
Which of the following is an external factor that can influence the project and its value delivery?a) Team moraleb) Project scopec) Economic conditionsd) Project timeline
Which of the following is not a function associated with projects?a) Schedulingb) Budgetingc) Staffingd) Product Marketing
How do governance systems support a system for value delivery within an organization?a) By enforcing rules and regulationsb) By facilitating decision-making and resource allocation processesc) By providing financial supportd) By resolving team conflicts
Which of the following best describes how projects deliver value to organizations and their stakeholders?a) Through profits onlyb) Through the improved quality of productsc) By satisfying stakeholder needs and expectationsd) By achieving the project scope on time and within budget
What is the primary function of people who perform work and contribute insights into a project?a) To provide the knowledge, skills, and experience necessary to produce the products and realize the outcomes of the projectb) To decrease the efficiency of the projectc) To increase the workload of the
Which of the following is NOT a factor external to the organization?a) Marketplace conditionsb) Social and cultural influences and issuesc) Regulatory environmentd) Governance documentation
Which of the following is NOT a factor internal to the organization?a) Process Assetsb) Governance documentationc) Marketplace conditionsd) Data Assets
What is the function of people who maintain governance in a project?a) To approve and support recommendations made by the project teamb) To decrease the efficiency of the projectc) To increase the workload of the project teamd) To create conflicts within the project team
What is the role of people who provide business direction and insight in a project?a) To guide and clarify the direction of the project or product outcomeb) To decrease the efficiency of the projectc) To increase the workload of the project teamd) To create conflicts within the project team
What is the function of people who provide oversight and coordination in a project?a) To decrease the efficiency of the projectb) To increase the workload of the project teamc) To help the project team achieve the project objectivesd) To create conflicts within the project team
What is the role of a governance system within an organization?a) To enable smooth workflows, manage issues, and support decision makingb) To create conflicts and challenges for the project teamc) To decrease the efficiency of the organizationd) To increase the workload of the project team
What is the result or consequence of a process or project?a) Outcomeb) Inputc) Processd) Operation
Which of the following is NOT a component of a value delivery system?a) Portfoliosb) Programsc) Projectsd) Stakeholders
What is the primary purpose of a project within an organization?a) To create value for stakeholdersb) To increase the workload of employeesc) To create a new department within the organizationd) To increase the organization's expenses
A project manager needs to analyze the project costs to find ways to decrease costs. It would be BEST if the project manager looks at: A. Variable costs and fixed costs. B. Fixed costs and indirect costs. C. Direct costs and variable costs. D. Indirect costs and direct costs.
Cost risk means: A. There are risks that will cost the project money. B. The project is too risky from a cost aspect. C. There is a risk that project costs could go higher than planned. D. There is a risk that the cost of the project will be lower than planned.
The difference between the cost baseline and the cost budget can be BEST described as: A. The management reserve. B. The contingency reserve. C. The project cost estimate. D. The cost account.
Activity Z is a difficult activity. The cost performance index (CPI) is 1.1. The schedule performance index (SPI) is 0.8. There are 11 stakeholders on the project. Based on this information, which of the following would you be the MOST concerned about? A. Schedule B. Float C. Cost D. The number of
You are about to take over a project from another project manager and find out the following information about the project. Activity Z has an early start (ES) of day 15 and a late start (LS) of day
Earned value analysis is an example of: A. Performance reporting. B. Planning control. C. Ishikawa diagrams. D. Integrating the project components into a whole.
Although the stakeholders thought there was enough money in the budget, halfway through the project the cost performance index (CPI) is 0.7. To determine the root cause, several stakeholders audit the project and discover the project cost budget was estimated analogously. Although the activity
A manufacturing project has a schedule performance index (SPI) of 0.89 and a cost performance index (CPI) of 0.91. Generally, what is the BEST explanation for why this occurred? A. The scope was changed. B. A supplier went out of business and a new one needed to be found. C. Additional equipment
A cost management plan contains a description of A. The project costs. B. How resources are allocated. C. The budgets and how they were calculated. D. The WBS level at which earned value will be calculated.
Monitoring cost expended to date in order to detect variances from the plan occurs during: A. The creation of the cost change management plan. B. Recommending corrective actions. C. Updating the cost baseline. D. Product performance reviews.
The project manager is allocating overall cost estimates to individual activities to establish a baseline for measuring project performance. What process is this? A. Cost Management B. Estimate Costs C. Determine Budget D. Control Costs.
You have just completed the initiating processes of a small project and are moving into the planning processes when a project stakeholder asks you for the project's budget and cost baseline. What should you tell her? A. The project budget can be found in the project's charter, which has just been
A new store development project requires the purchase of various equipment, machinery, and furniture. The department responsible for the development recently centralized its external purchasing process and standardized its new order system. In which document can these new procedures be found? A.
Your cost forecast shows that you will have a cost overrun at the end of the project. Which of the following should you do? A. Eliminate risks in estimates and reestimate. B. Meet with the sponsor to find out what work can be done sooner. C. Cut quality. D. Decrease scope.
The seller tells you that your activities have resulted in an increase in their costs. You should A. Recommend a change to the project costs. B. Have a meeting with management to find out what to do. C. Ask the seller for supporting information. D. Deny any wrongdoing.
Your project has a medium amount of risk and is not very well defined. The sponsor hands you a project charter and asks you to confirm that the project can be completed within the project cost budget. What is the BEST method to handle this? A. Build the estimate in the form of a range of possible
Which of the following are ALL items included in the cost management plan? A. The level of accuracy needed for estimates, rules for measuring cost performance, specifications for how duration estimates should be stated B. Specifications for how estimates should be stated, rules for measuring cost
Which of the following represents the estimated value of the work actually accomplished? A. Earned value (EV) B. Planned value (PV) C. Actual cost (AC) D. Cost variance (CV)
Who has the cost risk in a fixed price (FP) contract? A. The team B. The buyer C. The seller D. Management
Value analysis is performed to get: A. More value from the cost analysis. B. Management to buy into the project. C. The team to buy into the project. D. A less costly way of doing the same work.
Which type of cost is team training? A. Direct B. NPV C. Indirect D. Fixed
During which project management process group are budget forecasts created? A. Monitoring and controlling B. Planning C. Initiating D. Executing
A cost baseline is an output of which cost management process? A. Estimate Activity Resources B. Estimate Costs C. Determine Budget D. Control Costs
A rough order of magnitude estimate is made during which project management process group? A. Planning B. Closing C. Executing D. Initiating.
Which of the following is NOT needed in order to come up with a project estimate? A. A WBS B. A network diagram C. Risks D. A change control system
A schedule performance index (SPI) of 0.76 means: A. You are over budget. B. You are ahead of schedule. C. You are only progressing at 76 percent of the rate originally planned. D. You are only progressing at 24 percent of the rate originally planned.
A cost performance index (CPI) of 0.89 means: A. At this time, we expect the total project to cost 89 percent more than planned. B. When the project is completed we will have spent 89 percent more than planned. C. The project is only progressing at 89 percent of the rate planned. D. The project is
Cost performance measurement is BEST done through which of the following? A. Asking for a percent complete from each team member and reporting that in the monthly progress report B. Calculating earned value and using the indexes and other calculations to report past performance and forecast future
The main focus of life cycle costing is to: A. Estimate installation costs. B. Estimate the cost of operations and maintenance. C. Consider installation costs when planning the project costs. D. Consider operations and maintenance costs in making project decisions.
All of the following are outputs of the Estimate Costs process EXCEPT: A. An understanding of the cost risk in the work that has been estimated. B. The prevention of inappropriate changes from being included in the cost baseline. C. An indication of the range of possible costs for the project. D.
Analogous estimating A. Uses bottom-up estimating techniques. B. Is used most frequently during the executing processes of the project. C. Uses top-down estimating techniques. D. Uses actual detailed historical costs.
If earned value (EV) 350, actual cost (AC)=400, planned value (PV)=325, what is cost variance (CV)? A. 350 B. -75 C. 400 D. -50
Estimate at completion (EAC) is a periodic evaluation of: A. The cost of work completed. B. The value of work performed. C. The anticipated total cost at project completion. D. What it will cost to finish the job.
During project executing, a large number of changes are made to the project. The project manager should: A. Wait until all changes are known and print out a new schedule. B. Make approved changes as needed, but retain the schedule baseline. C. Make only the changes approved by management. D. Talk
Which of the following is a benefit of an analogous project estimate? A. The estimate will be closer to what the work will actually require. B. It is based on a detailed understanding of what the work requires. C. It gives the project team an understanding of management's expectations. D. It helps
A project manager for a small construction company has a project that was budgeted for US $130,000 over a six-week period. According to her schedule, the project should have cost US $60,000 to date. However, it has cost US $90,000 to date. The project is also behind schedule, because the original
The project is calculated to be completed four days after the desired completion date. You do not have access to additional resources. The project is low risk, the benefit cost ratio (BCR) is expected to be 1.6, and the dependencies are preferential. Under these circumstances, what would be the
The activity: A. Is on the critical path. B. Has a lag. C. Is progressing well. D. Is not on the critical path.
An activity has an early start (ES) of day 3, a late start (LS) of day 13, an early finish (EF) of day 9, and a late finish (LF) of day
A team member from research and development tells you that her work is too creative to provide you with a fixed single estimate for the activity. You both decide to use the labor hours per installation from past projects to predict the future. This is an example of which of the following? A.
You are a project manager for a new product development project that has four levels in the work breakdown structure. A network diagram has been created, the duration estimates have been compressed, and a schedule has been developed. What time management activity should you do NEXT? A. Begin
A new product development project has four levels in the work breakdown structure and has been sequenced using the precedence diagramming method. The activity duration estimates have been received, What should be done NEXT? A. Create an activity list. B. Begin the work breakdown structure. C.
The WBS, estimates for each work package, and the network diagram are completed. Which of the following would be the NEXT thing for the project manager to do? A. Sequence the activities. B. Verify that they have the correct scope. C. Create a preliminary schedule and get the team's approval. D.
A project manager is using weighted average duration estimates to perform schedule network analysis. Which type of mathematical analysis is being used? A. Critical path method B. PERT C. Monte Carlo D. Resource leveling
A project manager is taking over a project from another project manager during the planning process group. If the new project manager wants to see what the previous project manager planned for managing changes to the schedule, it would be BEST to look at the: A. Communications management plan. B.
A project manager has received activity duration estimates from his team. Which of the following does he need in order to complete the Develop Schedule process? A. Change requests B. Schedule change control system C. Recommended corrective actions D. Reserves.
You have a project with the following activities: Activity A takes 40 hours and can start after the project starts. Activity B takes 25 hours and should happen after the project starts. Activity C must happen after activity A and takes 35 hours. Activity D must happen after activities B and C and
Based on the following, if you needed to shorten the duration of the project, what activity would you try to shorten? alter #toding Activity (Dur monooles Start None 0 A Start 1 B Start 2 C Start D A 69 10 E B,C I F C 2 G D H E 3 9 I F I End G, H, I 0 A. Activity B B. Activity D C. Activity H D.
You are a project manager on a US $5,000,000 software development project. While working with your project team to develop a network diagram, your data architects suggest that quality could be improved if the data model is approved by senior management before moving on to other design elements.
You are a project manager on a US $5,000,000 software development project. While working with your project team to develop a network diagram, you notice a series of activities that can be worked in parallel but must finish in a specific sequence. What type of activity sequencing method is required

Showing 4300 - 4400 of 5789

First
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
Last

Step by Step Answers

Services

Sitemap
Fun
Definitions
Become Tutor
Used Textbooks
Study Help Categories
Recent Questions
Expert Questions
Campus Wear
Sell Your Books

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship
Online Quiz
Give Feedback, Get Rewards

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Student Discount
Campus Ambassador

Secure Payment

Download Our App

© 2026 SolutionInn. All Rights Reserved