PMP Project Management Professional Study Guide 1st Edition Joseph Phillips - Solutions

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An organization has created a program for a new endeavor. The program manager is establishing all the rules, policies, and approved approaches for project management within the program.What term best describes the rules, policies, and approved project management approaches that the program manager
You are the project manager of the JHK Project and working with the IT department and the accounting department on some project requirements. There is a relationship and dynamic between IT and accounting that is likely to affect the project requirements. What is this relationship between these two
What does an organizational system accomplish for projects within any organizational structure?A. Defines the roles and responsibilities of each project team member B. Provides structure and governance for the project manager C. Identifies regulations and standards that the project manager must
Management has asked you, the project manager, to create a method to store your project information electronically. Your project records will help future project teams to make better decisions and can also be used to support the product that your project is creating. What does management want to
You are the project manager for your organization. Influencing your organization requires which of the following?A. An understanding of the organizational budget B. Research and documentation of proven business cases C. An understanding of formal and informal organizational systems D. Positional
Which one of the following is an example of a physical enterprise environmental factor that could affect a project?A. Weather B. Regulations C. PMO D. Past project files
You are the project manager of the Server Deployment Project for your company. You’re meeting with the key stakeholders to gather the requirements and review the intent of the project. You know that you’ll have to meet with the stakeholders throughout the project and their influence can help or
Harold is the manager of the manufacturing unit for your company, and he'll be a key stakeholder on your upcoming project. To get to know Harold better, you're having lunch with him and discussing some of the goals of the upcoming project. Harold doesn't quite understand what you do as a project
Beth is a new project manager for her company, and she's working with her project team to develop the project management plan. Beth knows that she must rely on several different skills to make her first project successful. Of the following management skills, which will she use most?A. Leading B.
You are the project manager of the NHQ Project. Your project team consists of experts from different departments within your organization. What type of organizational structure is this?A. Virtual B. Weak matrix C. Noncollocated D. Dedicated
You are the project manager for your organization and you're planning a project in consideration of some regulations in your industry. These regulations are also known as which of the following?A. Constraints B. External enterprise environmental factors C. Internal enterprise environmental factors
You are the project manager for the application deployment project. This project will deploy software to 450 sites throughout North America and in Europe. Because this project will span multiple countries, you must consider the limitations imposed by communications, accessing resources, and other
Of the following, which is the most important stakeholder involved with a project?A. The project manager B. The project sponsor C. The chief executive officer (CEO)D. The customer
Which one of the following documents is an analysis of the financial feasibility of a proposed project?A. Feasibility study B. Business case C. Feasibility case D. Portfolio analysis review
You have an excellent idea for a new project that can increase productivity by 20 percent in your organization. Management, however, declines to approve the proposed project because too many resources are already devoted to other projects. You have just experienced what?A. Parametric modeling B.
The project manager typically devotes the most amount of time to which of the following tasks?A. Communications B. Budget management C. Project organization D. Management of team negotiations
What term best describes the raw data of a project, such as number of change requests and actual duration?A. Project data outcomes B. Work performance information C. Work performance data D. Work performance reports
You are a new project manager in a company that uses a project management office. A new technology has been released in the marketplace that will supersede the technology your project is implementing. There are doubts that the project should continue. Martin, a member of the project management
You are the project manager for the Fixture Installation Project in your organization. You’ve just completed the second of three phases. What event will happen next?A. Phase gate review B. Initiating of the third phase C. Project quality management activities D. Phase closure
Of the following, which one is not part of project integration management?A. The creation of the project plan B. The interaction between project teams C. The execution of the project plan D. The documentation of changes to the project plan
Which of the following is likely to be part of an operation?A. Providing electricity to a community B. Designing an electrical grid for a new community C. Building a new dam as a source for electricity D. Informing the public about changes at the electrical company
You’ll need to know and be familiar with several different project life cycle approaches for your PMP exam. Which life cycle approach defines the project scope, timeline, and project costs early in the project?A. Predictive B. Iterative C. Incremental D. Adaptive
You are the project manager of a large project to install 1900 kiosks throughout college campuses in North America. The kiosks will collect applications for credit cards, phone services, and other services marketable to college students. The bulk of your project is focused on information technology
Who is usually responsible for portfolio management within an organization?A. Project managers B. Project sponsors C. Stakeholders D. Senior management
Which one of the following statements best defines the difference between a program and a portfolio in regard to scope?A. Programs do not have scopes, because they are made up of projects. Portfolios have an organizational scope.B. Programs have larger scopes than projects. Portfolios have an
Smith Construction has won a contract to build a 77-story condominium building in downtown Chicago. The building will have 650 condos, a parking garage, indoor and outdoor pools, two floors for retail, two floors of offices, and several shared community rooms. Mary Anne Kedzie has elected to create
You are working on a construction project that proceeds through the following sequential steps: planning and prebuild, permits and filings, site prep and excavation, build basement and foundation, framing, interior, and exterior. Each needs to be executed to the highest quality.Which one of the
Beth is a project manager and she’s working with Karen, the program manager. There is some disagreement about the project management methodology Karen is requiring all project managers to operate by. Who has authority over this decision in this scenario?A. Project sponsor B. Karen, as she is the
Which knowledge area includes the creation of the project charter?A. Project scope management B. Project cost management C. Project integration management D. Project communications management
You are the project manager for a large software development project. You have concerns that one of the components of the Iron Triangle is slipping. Your project sponsor, Jim Bob, is not familiar with the Iron Triangle, so you explain the concept to him. What will be affected if any angle of the
You and William, a project stakeholder, are discussing risks within your project. Which one of the following best describes risk?A. Any event that can cause your project to fail B. Any event that may have a positive or negative effect on your project’s team C. An uncertain event that may have a
Project managers are not responsible for which one of the following in most organizations?A. Identifying the project requirements B. Selecting the projects to be initiated C. Balancing demands for time, cost, scope, and quality D. Establishing clear and achievable project objectives
You are the project manager for your company, Mark Manufacturers. Your company has a large client that has requested that a special component be created for one of its test engines. Your organization agrees and creates a standard contract with the customer, and your manager assigns you to manage
You are explaining to a junior engineer the difference between a project and operations. Which one of the following is true only of operations?A. They are performed by people.B. They are constrained by limited resources.C. They are ongoing.D. They are planned, executed, and controlled.
Your organization is considering launching a new project. Robert, the CEO, wants to know what business value the proposed project will contribute. Which one of the following is not an example of business value consideration for a new project?A. Return on investment B. New equipment C. Skills
You are a project manager for Johnson Keyboards, Inc. Your organization has adapted the PMBOK Guide as a standard tool for how projects should operate, and you are involved in shaping the standardization for all future projects. In light of this information, what is the recommended course of action
As a PMP candidate, you must have a firm grasp on what constitutes a project. Which one of the following is not an attribute of a project?A. Has a definite starting date B. Has no definite end date C. Creates a product, service, or result D. Requires resources
What must be true in order for the phase to be considered complete?
Which phases pose the highest amount of risk?
What is the expected cost to complete a project phase?
What are the expected deliverables of each phase?
What resources, people, equipment, and facilities will be needed within each phase?
What work will be completed in each phase of the project?
You are a project manager within an organization that completes technical projects for other entities.You have plans to leave your company within the next month to launch your own consulting business-which will compete with your current employer. Your company is currently working on a large
While studying for your PMP exam, you are invited to participate in a study group. At your first meeting another attendee announces that he has 'real, live questions' from the PMP exam. What should you do?A.Examine the questions.B.Report the study group to PMI.C.Leave the study group.D.Ask where
You are a project manager on a construction project. Your project needs an experienced mason to repair and restore an old chimney that the customer wants to keep as part of the project. Your brother, as it happens, is an expert at restoring historical chimneys and you award the work to him. This is
Your company does not allow project managers to accept gifts from vendors of any kind. A friend that you have known for years now works for a vendor that your company may be doing business with.Your friend from the vendor asks you to lunch to discuss an upcoming project and you accept. When the
A PMP has been assigned to manage a project in a foreign country. What should be done to ensure that the project's success is not hindered by the fact that the project manager is working in a foreign country?A.Teach the project manager about the customs and laws of the foreign country.B.Find a
You are the project manager for an information technology project. It has come to your attention that a technical problem has stopped the project work. How should the project manager proceed?A.Measure the project performance to date and account for the cost of the technical problem.B.Rebaseline the
A PMP has been assigned to manage a project in a foreign country. The disorientation the PMP will likely experience as he gets acclimated to the country is known as:A.The Sapir-Whorf Hypotheses B.Time dimension C.Ethnocentrism D.Culture shock
Of the following, which one achieves customer satisfaction?A.Completing the project requirements B.Maintaining the project cost C.Maintaining the project schedule D.Completing the project with the defined quality metrics
You are the project manager of a project in Asia. You discover that the project leader has hired family members for several lucrative contracts on the project. What should you consider?A.Cultural issues B.Ethical issues C.Organizational issues D.Political issues
You have a project team member who is sabotaging your project because he does not agree with it.Which of the following should you do?A.Fire the project team member.B.Present the problem to management.C.Present the problem to management with a solution to remove the team member from the
You are completing a project for a customer in another country. One of the customs in this company is to honor the project manager of a successful project with a gift. Your company, however, does not allow project managers to accept gifts from any entity worth more than 50 dollars. At the
You are a project manager for your organization. Your project is to install several devices for one of your company's clients. The client has requested that you complete a few small tasks that are not in the project scope. To maintain the relationship with the client, you oblige her request and
You are the project manager of the AAA Project. Due to the nature of the project, much of the work will require overtime between Christmas and New Year's Day. Many of the project team members, however, have requested vacation during that week. What is the best way to continue?A.Refuse all vacation
You are the project manager of the 12BA Project. You have completed the project according to the design documents and have met the project scope. The customer agrees that the design document requirements have been met; however, the customer is not pleased with the project deliverables and is
You are the project manager of the PMH Project. You have been contracted to design the placement of several pieces of manufacturing equipment. You have completed the project scope and are ready to pass the work over to the installer. The installer begins to schedule you to help with the
As a contracted project manager, you have been assigned a project with a budget of 1.5 million U.S.dollars. The project is scheduled to last seven months, but your most recent EVM report shows that the project will finish ahead of schedule by nearly six weeks. If this happens, you will lose
You are the project manager of the LKH Project. This project must be completed within six months.The project is two months into the schedule and is starting to slip. As of now, the project is one week behind schedule. Based on your findings, you believe you can make some corrective actions and
You are the project manager for the PMH Project. Three vendors have submitted cost estimates for the project. One of the estimates is significantly higher than similar project work in the past. In this scenario, you should do which of the following?A.Ask the other vendors about the higher estimate
You are the project manager for the Log Cabin Project. One of your vendors is completing a large portion of the project. You have heard a rumor that the vendor is losing many of its workers due to labor issues. In light of this information, what should you do?A.Stop work with the vendor until the
PMI has contacted you regarding an ethics violation of a PMP candidate. The question is in regard to a friend that said he worked as project manager under your guidance. You know this is not true, but to save a friendship you avoid talking with PMI. This is a violation of which of the
You are the project manager of the SUN Project. Your organization is a functional environment and you do not get along well with the functional manager leading the project. You are in disagreement with the manager on how the project should proceed, the timings of the activities, the suggested
One of your project team members reports that he sold pieces of equipment because he needed the pay for his daughter's school tuition. He says he has paid back the money by working overtime without reporting the hours worked so that his theft remains private. What should you do?A.Fire the project
You are about to begin negotiations on a new project that is to take place in another country. Which of the following should be your guide on what business practices are allowed and discouraged?A.The project charter B.The project plan C.Company policies and procedures D.The PMP code of conduct
You are the project manager for the BNH Project. This project takes place in a different county than where you are from. The project leader from this country presents a team of workers that are only from his family. You should do which one of the following?A.Reject the team leader's recommendations
You are the project manager of the JKN Project. The project customer has requested that you inflate your cost estimates by 25 percent. He reports that his Management always reduces the cost of the estimates so this is the only method to get the monies needed to complete the project. Which of the
You are the project manager for a seller. You are managing another company?s project. Things have gone well on the project, and the work is nearly complete. There is still a significant amount of funds in the project budget. The buyer?s representative approaches you and asks that you complete some
You have an emergency on your project. You have hired a vendor that is to start work immediately.What contract is needed now?A.T&M B.Fixed fee C.Letter contract D.Incentive contract
In what process group does source selection happen?A.Initiating B.Planning C.Executing D.Closing
Which one of the following is true about procurement documents?A.They offer no room for bidders to suggest changes.B.They ensure receipt of complete proposals.C.They inform the performing organization why the bid is being created.D.The project manager creates and selects the bid.
Martha is the project manager of the MNB Project. She wants a vendor to offer her one price to do all of the detailed work. Martha is looking for which type of document?A.RFP B.RFI C.Proposal D.IFB
Henry has sent the ABN Contracting Company a letter of intent. This means which one of the following?A.Henry intends to sue the ABN Contracting Company.B.Henry intends to buy from the ABN Contracting Company.C.Henry intends to bid on a job from the ABN Contracting Company.D.Henry intends to fire
Which one of the following is not a valid evaluation criterion for source selection?A.Age of the contact person at the seller B.Technical ability of the seller C.Contract requirements D.Price
A single source seller means what?A.There is only one qualified seller.B.There is only one seller the company wants to do business with.C.There is a seller that can provide all aspects of the project procurement needs.D.There is only one seller in the market.
A contract between an organization and a vendor may include a clause that penalizes the vendor if the project is late. The lateness of a project has a monetary penalty; penalty should be enforced or waived based on which one of the following?A.If the project manager could have anticipated the delay
You are completing the closeout of a project to design a warehouse in Columbus, Ohio. The contract is a Cost Plus Incentive Fee contract. The target costs are $300,000, with a 10 percent target profit.However, the project came in at $275,000. The incentive split is 80/20. How much is the total
You are the project manager for a software development project for an accounting system that will operate over the Internet. Based on your research, you have discovered it will cost you $25,000 to write your own code. Once the code is written you estimate you?ll spend $3,000 per month updating the
Mary is the project manager of JHG Project. She has created a Statement of Work (SOW) for a vendor. For Mary?s SOW to be a legal contract, what must be included?A.Affidavit of agreement B.Signatures of both parties agreeing to SOW C.Signature of vendor D.Signature of Mary
Benji is the project manager of PLP Project. He has hired an independent contractor for a portion of the project work. The contractor is billing the project $120 per hour, plus materials. This is an example of which one of the following?A.Cost plus fixed fee B.Time and materials C.Unit-price D.Lump
In the following contract types, which one requires the seller to assume the risk of cost overruns?A.Cost plus fixed fee B.Cost plus incentive fee C.Lump sum D.Time and materials
Sammy is the project manager of the DSA Project. He is considering proposals and contracts presented by vendors for a portion of the project work. Of the following, which contract is least dangerous to the DSA Project?A.Cost plus fixed fee B.Cost plus percentage of cost C.Cost plus incentive fee
Privity is what?A.Relationship between the project manager and a known vendor B.Relationship between the project manager and an unknown vendor C.Contractual, confidential information between customer and vendor D.Professional information regarding the sale between customer and vendor
The purpose of a contract is to distribute between the buyer and seller a reasonable amount of which of the following:A.Responsibility B.Risk C.Reward D.Accountability
Bonnie is the project manager for the HGH Construction Project. She has contracted a portion of the project to the ABC Construction Company. Bonnie has offered a bonus to ABC if they complete their portion of the work by August 30.This is an example of which one of the following?A.Project
Terry is the project manager of the MVB Project. She needs to purchase a piece of equipment for her project. The Accounting department has informed Terry she needs a unilateral form of contract.Accounting is referring to which of the following?A.SOW B.Legal binding contract C.Purchase Order
The United States backs all contracts through which of the following?A.Federal law B.State law C.Court system D.Lawyers
Yolanda has outsourced a portion of the project to a vendor. The vendor has discovered some issues that will influence the cost and schedule of its portion of the project. How must the vendor update the agreement?A.As a new contract signed by Yolanda and the vendor.B.As a contract addendum signed
The product description of a project can help a project manager create procurement details. Which one of the following best describes this process?A.A. The product description defines the contracted work.B.B. The product description defines the requirements for the contract work.C.C. The product
You are the project manager for the 89A Project. You have created a contract for your customer. The contract must have what two things?A.Offer and consideration B.Signatures and the stamp of a notary public C.Value and worth of the procured item D.Start date and acceptance of start date
A contract cannot have provisions for which one of the following?A.A deadline for the completion of the work B.Illegal activities C.Subcontracting the work D.Penalties and fines for disclosure of intellectual rights
Which of the following may be used as a risk mitigation tool?A.Vendor proposal B.Contract C.Quotation D.Project requirements
A project can have many risks with high-risk impact scores, but have an overall low risk score. How is this possible?A.The risk scores are graded on a bell curve.B.The probability of each risk is low.C.The impact of each risk is not accounted for until it comes to fruition.D.The risks are rated HML.
Which of the following can determine multiple scenarios with risk and probability of impact?A.Decision trees B.Monte Carlo simulations C.Pareto charts D.Gantt charts
How can a project manager determine whether it is better to make or buy a product?A.Decision Tree Analysis B.Fishbone model C.Ishikawa diagram D.ROI Analysis
You are presented with the following table:Complete Risk 6 based on the following information: Marty is 60 percent certain that he can get the facility needed for $45,000, which is $7000 less than what was planned for.A. .60, 45,000, 27,000 B. .60, 52,000, 31,200 C. .60, 7,000, 4200 D. .60, -7,000,
A project manager and the project team are actively monitoring the pressure gauge on a piece of equipment. Sarah, the engineer, recommends a series of steps to be implemented should the pressure rise above 80 percent. The 80-percent mark represents what?A.An upper control limit B.The threshold
The water sanitation project manager has determined the risks associated with handling certain chemicals are too high. He has decided to allow someone else to complete this portion of the project, and so has outsourced the handling and installation of the chemicals and filter equipment to an
You are presented with the following table:Based on the preceding table, what is the amount needed for the contingency fund?A.Unknown with this information B.249,000 C.117,150 D.15750 Risk Event Probability Impact Cost/Benefit Ex$V .35 -4000 .40 50000 .45 -300000 4 .30 50000 10 .35 -45000

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PMP Project Management Professional Study Guide 1st Edition Joseph Phillips - Solutions

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