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project management the managerial process
PMP Exam Prep 2025 1000 Practice Questions And Answers With Explanation For The PMP Exam 1st Edition Claire Georgette Wiman - Solutions
A team member identifies a potential cost-saving measure for an activity. What should the project manager do?a) Implement the cost-saving measure immediatelyb) Evaluate the measure and process it through the change control system if it is beneficialc) Reject the measure to avoid budget changesd)
A project is nearing completion, but a key activity is over budget.What should the project manager do?a) Ignore the budget overrun and continue with the projectb) Address the budget overrun by implementing corrective actions and updating the project budgetc) Update the project charterd) Request
How does the Control Costs process contribute to project success?a) By developing the project budgetb) By monitoring project costs and managing changes to ensure the project remains within budgetc) By allocating project resourcesd) By identifying project stakeholders
During project execution, a task is found to be costing less than estimated. What should the project manager do?a) Ignore the issue and continue with the projectb) Document the issue and update the project budgetc) Inform the project sponsor and stakeholdersd) Request additional funds
How should a project manager handle conflicting budget requirements from different stakeholders?a) Implement the requirements of the most influential stakeholderb) Negotiate and prioritize requirements based on project objectives and constraintsc) Reject all conflicting requirementsd) Escalate the
What is the role of the cost baseline in Cost Management?a) To identify project stakeholdersb) To establish a basis for measuring and controlling project costsc) To allocate project resourcesd) To define project risks
A stakeholder identifies a potential cost increase in a critical activity. What should the project manager do?a) Ignore the cost increase and continue with the projectb) Evaluate the impact of the cost increase and take corrective actions if necessaryc) Update the project budget without approvald)
How can cost variance be managed?a) By having a strict project scheduleb) By using a robust change control process to evaluate and approve cost changesc) By reducing stakeholder communicationd) By increasing the project scope
Which document describes the specific costs associated with each project activity?a) Project charterb) Activity listc) Cost estimatesd) Project scope statement
What is included in the project budget?a) High-level cost estimatesb) Detailed budget of project costs, including reserves for contingenciesc) List of project stakeholdersd) Project risk assessment
Which process involves monitoring the status of the project to update project costs and manage changes to the cost baseline? a)Control Costsb) Determine Budgetc) Estimate Costsd) Plan Cost Management
What is the main purpose of cost compression techniques?a) To increase the project budgetb) To shorten the project schedule without changing the project scopec) To reduce project costsd) To identify project risks
What should a project manager do if they identify a cost overrun in the project?a) Add more funds to the project immediatelyb) Submit a change request and implement corrective actionsc) Ignore the cost overrun and continue with the projectd) Update the project charter
Which document helps track project costs and manage changes to the budget?a) Project charterb) Cost management planc) Stakeholder registerd) Risk register
How does effective Cost Management benefit project stakeholders?a) By reducing project scopeb) By ensuring that the project is completed within the approved budgetc) By eliminating all project risksd) By increasing project costs
In which process is the project budget created?a) Estimate Costsb) Determine Budgetc) Control Costsd) Plan Cost Management
What is a common pitfall in Cost Management that project managers should avoid?a) Over-communicating with stakeholdersb) Ignoring cost risksc) Underestimating project costsd) Overestimating project scope
Why is it important to control project costs?a) To create the project scheduleb) To ensure that project costs do not exceed the approved budgetc) To define the project scoped) To identify project stakeholders
What is the relationship between the project budget and the cost baseline?a) The cost baseline is the approved version of the project budgetb) The project budget is created after the cost baselinec) The project budget and the cost baseline are the samed) There is no relationship between them
Which process involves aggregating the estimated costs of individual activities to establish an authorized cost baseline? a)Determine Budgetb) Estimate Costsc) Control Costsd) Plan Cost Management
How does earned value analysis help in managing project costs? a)By identifying additional funding sourcesb) By providing a framework for measuring project performance and progressc) By increasing the project budgetd) By reducing stakeholder communication
What role does the cost baseline play in Cost Management?a) It identifies the total cost of the projectb) It serves as the basis for measuring and controlling project costsc) It defines the project scoped) It manages project risks
Which document outlines the project's cost estimates and budget?a) Project charterb) Cost baselinec) Risk registerd) Quality management plan
What should a project manager do if they discover that the project is over budget?a) Request a change to the project scopeb) Update the project scope statementc) Implement corrective actions to bring the project back on trackd) Inform the project sponsor and stakeholders
How can a project manager ensure that the project budget is realistic and achievable?a) By developing a detailed project scheduleb) By using a cost baseline and monitoring costs regularlyc) By creating a risk management pland) By increasing stakeholder communication
During a project review, it is found that a task is costing more than expected. What should the project manager do first?a) Update the project charterb) Implement cost compression techniquesc) Evaluate the impact of the cost overrun on the project budgetd) Request additional funds
A project manager needs to adjust the project budget due to an unexpected cost increase. What process should they follow? a)Determine Budgetb) Control Costsc) Estimate Costsd) Plan Cost Management
What is cost variance?a) The amount of time that an activity or project is ahead or behind the planned scheduleb) The difference between the planned cost and the actual costc) The total cost of the projectd) The approved version of the project budget
Which tool or technique is commonly used in the Control Costs process?a) Monte Carlo analysisb) Schedule compressionc) Critical path methodd) Earned value analysis
What is a key output of the Control Costs process?a) Change requestsb) Activity listc) Resource calendard) Milestone list
Which of the following is an input to the Control Costs process? a)Project charterb) Project schedulec) Risk registerd) Work performance data
What is the main purpose of the Control Costs process?a) To develop the project budgetb) To monitor the status of the project to update project costs and manage changes to the cost baselinec) To allocate project resourcesd) To identify project risks
What is a cost baseline?a) A detailed project budgetb) The approved version of the project budget, which can only be changed through formal change control proceduresc) A list of project stakeholdersd) A project risk assessment
Which tool or technique is commonly used in the Determine Budget process?a) Critical path methodb) Expert judgmentc) Monte Carlo simulationd) Earned value analysis
What is a key output of the Determine Budget process?a) Project charterb) Activity listc) Cost baselined) Risk register
Which of the following is an input to the Determine Budget process?a) Risk registerb) Project charterc) Activity cost estimatesd) Stakeholder register
What is the primary purpose of the Determine Budget process? a)To develop the project scheduleb) To aggregate the estimated costs of individual activities or work packages to establish an authorized cost baselinec) To identify project risksd) To allocate project resources
Which document identifies the cost estimates for each project activity?a) Project charterb) Activity listc) Cost estimatesd) Scope statement
What is included in the basis of estimates?a) Detailed project budgetb) Description of how the cost estimates were derivedc) Stakeholder registerd) Risk register
Which of the following is an output of the Estimate Costs process?a) Project scheduleb) Cost estimatesc) Scope baselined) Project charter
Which technique is commonly used to estimate project costs? a)Monte Carlo analysisb) Decompositionc) Analogous estimatingd) Earned value analysis
What is the main purpose of the Estimate Costs process?a) To create the project budgetb) To develop an approximation of the monetary resources needed to complete project activitiesc) To allocate project resourcesd) To sequence project activities
Which document provides the basis for developing the Cost Management Plan?a) Project charterb) Scope baselinec) Quality management pland) Communications management plan
Who is typically responsible for developing the Cost Management Plan?a) Project sponsorb) Project managerc) Team membersd) Stakeholders
What is included in the Cost Management Plan?a) Project budgetb) Description of how project costs will be planned, structured, and controlledc) Stakeholder registerd) Risk management plan
Which of the following is an input to the Plan Cost Management process?a) Project scheduleb) Project charterc) Risk registerd) Quality management plan
What is the primary purpose of the Cost Management Plan?a) To define the project scopeb) To establish the policies, procedures, and documentation for managing project costsc) To allocate project resourcesd) To identify project risks
Which document provides the basis for developing the Schedule Management Plan?a) Project charterb) Scope baselinec) Quality management pland) Communications management plan
Who is typically responsible for developing the Schedule Management Plan?a) Project sponsorb) Project managerc) Team membersd) Stakeholders
What is included in the Schedule Management Plan?a) Project budgetb) Description of how the schedule will be developed and controlledc) Stakeholder registerd) Risk management plan
Which of the following is an input to the Plan Schedule Management process?a) Project scheduleb) Project charterc) Risk registerd) Quality management plan
What is the primary purpose of the Schedule Management Plan?a) To define the project scopeb) To establish the policies, procedures, and documentation for managing the project schedulec) To allocate project resourcesd) To identify project risks
A project manager discovers additional work that was not included in the project schedule. What should they do?a) Add the work to the project schedule immediatelyb) Submit a change request for approval through the Perform Integrated Change Control processc) Reject the additional work to avoid
Why is it important to involve stakeholders in the Develop Schedule process?a) To ensure that the project is completed on timeb) To ensure that all stakeholder requirements are captured and scheduled appropriatelyc) To reduce project costsd) To increase project scope
What should a project manager do if they identify a discrepancy between the project schedule and actual progress?a) Ignore the discrepancyb) Address the discrepancy and take corrective actions if necessaryc) Update the project scheduled) Reject the schedule
How can a project manager ensure that schedule changes are effectively managed?a) By developing a detailed project budgetb) By using a robust change control process to evaluate and approve all schedule changesc) By increasing the project budgetd) By reducing stakeholder communication
A project activity is completed ahead of schedule, but the next activity cannot start early due to resource constraints. What should the project manager do?a) Ignore the issue and continue with the projectb) Document the issue and update the project schedulec) Inform the project sponsor and
Why is it important to have a well-defined project schedule?a) To ensure that the project is completed on timeb) To ensure that all project activities are identified and scheduled appropriatelyc) To reduce project costsd) To increase stakeholder satisfaction
A project manager is preparing the final project report. What should be included to address schedule management?a) Detailed project budgetb) Summary of schedule changes and how they were managedc) List of project stakeholdersd) Project risk assessment
What is the best approach for handling schedule changes during a project?a) Reject all schedule changes to avoid delaysb) Evaluate the impact of the changes and process them through the change control systemc) Implement the changes immediately to keep stakeholders happyd) Ignore the changes and
How can a project manager maintain control over the project schedule throughout the project lifecycle?a) By developing a detailed project budgetb) By implementing a robust change control process to manage schedule changesc) By increasing the project budgetd) By reducing stakeholder communication
A project manager needs to ensure that the project schedule is well-defined and includes all required activities. What should they do?a) Develop a detailed project budgetb) Create a comprehensive project schedule and milestone listc) Allocate project resourcesd) Identify project stakeholders
During a project review, a stakeholder requests an additional milestone. What should the project manager do?a) Implement the milestone immediatelyb) Evaluate the impact of the milestone and process it through the change control systemc) Reject the milestone to avoid schedule changesd) Update the
What should a project manager do if they discover that additional work is needed to meet project objectives?a) Add the work to the project schedule immediatelyb) Submit a change request through the Perform Integrated Change Control processc) Reject the additional work to avoid schedule changesd)
How can a project manager ensure that all project activities are completed on time?a) By developing a detailed project schedule and monitoring progress regularlyb) By increasing the project budgetc) By reducing stakeholder communicationd) By updating the project charter
A team member identifies a potential improvement to an activity that could reduce its duration. What should the project manager do?a) Implement the improvement immediatelyb) Evaluate the improvement and process it through the change control system if it is beneficialc) Reject the improvement to
A project is nearing completion, but a key activity is delayed.What should the project manager do?a) Ignore the delay and continue with the projectb) Address the delay by implementing corrective actions and updating the project schedulec) Update the project charterd) Request additional resources
Which document outlines the project's timeline and significant milestones?a) Project charterb) Project schedulec) Risk registerd) Quality management plan
What should a project manager do if they discover that the project is behind schedule?a) Request a change to the project scopeb) Update the project scope statementc) Implement corrective actions to bring the project back on trackd) Inform the project sponsor and stakeholders
How can a project manager ensure that the project schedule is realistic and achievable?a) By developing a detailed project budgetb) By using a schedule baseline and monitoring progress regularlyc) By creating a risk management pland) By increasing stakeholder communication
During a project review, it is found that a task is taking longer than expected. What should the project manager do first? a)Update the project charterb) Implement schedule compression techniquesc) Evaluate the impact of the delay on the project scheduled) Request additional resources
A project manager needs to adjust the project schedule due to a delay in a critical activity. What process should they follow? a)Develop Scheduleb) Control Schedulec) Define Activitiesd) Sequence Activities
Why is it important to control the project schedule?a) To create the project budgetb) To ensure that project activities are completed on time and within the planned schedulec) To define the project scoped) To identify project stakeholders
What is included in the duration estimates?a) Detailed project budgetb) Quantitative assessments of the likely number of work periods required to complete an activityc) Stakeholder registerd) Risk register
How does the WBS help in managing project schedules?a) By allocating project resourcesb) By providing a framework for dividing project work into manageable sectionsc) By identifying project stakeholdersd) By defining project risks
What is the primary purpose of the Define Activities process? a)To create the project scheduleb) To identify and document the specific actions to be performed to produce the project deliverablesc) To estimate activity durationsd) To sequence project activities
Which document outlines the project's timeline and significant milestones?a) Project charterb) Project schedulec) Risk registerd) Quality management plan
A project manager discovers additional work that was not included in the project schedule. What should they do?a) Add the work to the project schedule immediatelyb) Submit a change request for approval through the Perform Integrated Change Control processc) Reject the additional work to avoid
Why is it important to involve stakeholders in the Develop Schedule process?a) To ensure that the project is completed on timeb) To ensure that all stakeholder requirements are captured and scheduled appropriatelyc) To reduce project costsd) To increase project scope
What should a project manager do if they identify a discrepancy between the project schedule and actual progress?a) Ignore the discrepancyb) Address the discrepancy and take corrective actions if necessaryc) Update the project scheduled) Reject the schedule
How can a project manager ensure that schedule changes are effectively managed?a) By developing a detailed project budgetb) By using a robust change control process to evaluate and approve all schedule changesc) By increasing the project budgetd) By reducing stakeholder communication
A project activity is completed ahead of schedule, but the next activity cannot start early due to resource constraints. What should the project manager do?a) Ignore the issue and continue with the projectb) Document the issue and update the project schedulec) Inform the project sponsor and
Why is it important to have a well-defined project schedule?a) To ensure that the project is completed on timeb) To ensure that all project activities are identified and scheduled appropriatelyc) To reduce project costsd) To increase stakeholder satisfaction
A project manager is preparing the final project report. What should be included to address schedule management?a) Detailed project budgetb) Summary of schedule changes and how they were managedc) List of project stakeholdersd) Project risk assessment
What is the best approach for handling schedule changes during a project?a) Reject all schedule changes to avoid delaysb) Evaluate the impact of the changes and process them through the change control systemc) Implement the changes immediately to keep stakeholders happyd) Ignore the changes and
How can a project manager maintain control over the project schedule throughout the project lifecycle?a) By developing a detailed project budgetb) By implementing a robust change control process to manage schedule changesc) By increasing the project budgetd) By reducing stakeholder communication
A project manager needs to ensure that the project schedule is well-defined and includes all required activities. What should they do?a) Develop a detailed project budgetb) Create a comprehensive project schedule and milestone listc) Allocate project resourcesd) Identify project stakeholders
During a project review, a stakeholder requests an additional milestone. What should the project manager do?a) Implement the milestone immediatelyb) Evaluate the impact of the milestone and process it through the change control systemc) Reject the milestone to avoid schedule changesd) Update the
What should a project manager do if they discover that additional work is needed to meet project objectives?a) Add the work to the project schedule immediatelyb) Submit a change request through the Perform Integrated Change Control processc) Reject the additional work to avoid schedule changesd)
How can a project manager ensure that all project activities are completed on time?a) By developing a detailed project schedule and monitoring progress regularlyb) By increasing the project budgetc) By reducing stakeholder communicationd) By updating the project charter
A team member identifies a potential improvement to an activity that could reduce its duration. What should the project manager do?a) Implement the improvement immediatelyb) Evaluate the improvement and process it through the change control system if it is beneficialc) Reject the improvement to
A project is nearing completion, but a key activity is delayed.What should the project manager do?a) Ignore the delay and continue with the projectb) Address the delay by implementing corrective actions and updating the project schedulec) Update the project charterd) Request additional resources
How does the Control Schedule process contribute to project success?a) By developing the project scheduleb) By monitoring the project schedule and managing changes to ensure timely project completionc) By allocating project resourcesd) By identifying project stakeholders
During project execution, a task is found to be running ahead of schedule. What should the project manager do?a) Ignore the issue and continue with the projectb) Document the issue and update the project schedulec) Inform the project sponsor and stakeholdersd) Request additional resources
How should a project manager handle conflicting schedule requirements from different stakeholders?a) Implement the requirements of the most influential stakeholderb) Negotiate and prioritize requirements based on project objectives and constraintsc) Reject all conflicting requirementsd) Escalate
What is the role of the project schedule in Schedule Management?a) To identify project stakeholdersb) To establish a timeline for project activities and milestonesc) To allocate project resourcesd) To define project risks
A stakeholder identifies a potential delay in a critical activity.What should the project manager do?a) Ignore the delay and continue with the projectb) Evaluate the impact of the delay and take corrective actions if necessaryc) Update the project schedule without approvald) Request additional
How can schedule variance be managed?a) By having a strict project budgetb) By using a robust change control process to evaluate and approve schedule changesc) By reducing stakeholder communicationd) By increasing the project scope
Which document describes the specific actions to be performed to produce the project deliverables?a) Project charterb) Activity listc) Requirements traceability matrixd) Project scope statement
What is included in the project schedule?a) High-level project timelineb) Detailed schedule of project activities, including start and finish dates, milestones, and resource allocationc) List of project stakeholdersd) Project risk assessment
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