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PMP Project Management Professional Exam Study Guide 5th Edition Kim Heldman - Solutions

You are the project manager for the Heart of Texas casual clothing company. It’s introducing a new line of clothing called Black Sheep Ranch Wear. You will outsource the production of this clothing line to a vendor. Your legal department has recommended you use a contract that reimburses the
You are the project manager for the Heart of Texas casual clothing company. It’s introducing a new line of clothing called Black Sheep Ranch Wear. You will outsource the production of this clothing line to a vendor. The vendor has requested a procurement SOW. All of the following statements are
You are the project manager for an outdoor concert event scheduled for one year from today.You’re working on the procurement documents for the computer software program that will control the lighting and screen projections during the concert. You’ve decided to contract with a professional
You are the project manager for an upcoming outdoor concert event. You’re working on the procurement plan for the computer software program that will control the lighting and screen projections during the concert. You’re comparing the cost of purchasing a software product to the cost of your
All of the following are true regarding the Perform Qualitative Risk Analysis process except which one?A. Probability and impact and expert interviews are used to help correct biases that occur in the data you’ve gathered during this process.B. The probability and impact matrix is used during
Your team has identified the risks on the project and determined their risk score. The team is in the midst of determining what strategies to put in place should the risks occur. After some discussion, the team members have determined that the risk of losing their network administrator is a risk
All of the following statements are true regarding the RBS except for which one?A. The RBS is contained in the risk management plan.B. It describes risk categories, which are a systematic way to identify risks and provide a foundation for understanding for everyone involved on the project.C. The
Your project team is in the process of identifying project risks on your current project. The team has the option to use all of the following tools and techniques to diagram some of these potential risks except for which one?A. Ishikawa diagram B. Decision tree diagram C. Process flowchart D.
Your project team has identified several potential risks on your current project that could have a significant impact if they occurred. The team examined the impact of the risks by keeping all the uncertain elements at their baseline values. What type of diagram will the team use to display this
You work for a large manufacturing plant. You are working on a new project to release an overseas product line. This is the company’s first experience in the overseas market, and it wants to make a big splash with the introduction of this product. The stakeholders are a bit nervous about the
All of the following are elements of the enterprise environmental factors input of the Identify Risks process that you should evaluate except for which one?A. Assumptions analysis B. Industry studies C. Benchmarking D. Risk attitudes
Your hardware vendor left you a voicemail saying that a snowstorm in the Midwest will prevent your equipment from arriving on time. You identified a risk response strategy for this risk and have arranged for a local company to lease you the needed equipment until yours arrives. This is an example
Your stakeholders have asked for an analysis of the cost risk. All of the following are true except for which one?A. Monte Carlo analysis is the preferred method to use to determine the cost risk.B. Monte Carlo analysis is a modeling technique that computes project costs one time.C. A traditional
You are constructing a probability and impact matrix for your project. Which of the following statements is true?A. The probability and impact matrix multiplies the risk’s probability by the cost of the impact to determine an expected value of the risk event.B. The probability and impact matrix
Your hardware vendor left you a voicemail saying that a snowstorm in the Midwest might prevent your equipment from arriving on time. She wanted to give you a heads-up and asked that you return the call. Which of the following statements is true? (Choose the best answer.)A. This is a trigger.B. This
You’ve identified a risk event on your current project that could save $500,000 in project costs if it occurs. Your organization is considering hiring a consulting firm to help establish proper project management techniques in order to assure it realizes these savings. Which of the following is
You’ve identified a risk event on your current project that could save $100,000 in project costs if it occurs. Which of the following is true based on this statement? (Choose the best answer.)A. This is a risk event that should be accepted because the rewards outweigh the threat to the project.B.
You are the project manager for a new website for the local zoo. You need to perform the Perform Qualitative Risk Analysis process. When you’ve completed this process, you’ll produce all of the following as part of the risk register update output except which one?A. Priority list of risks B.
Which of the following processes assesses the likelihood of risk occurrences and their consequences using a numerical rating?A. Perform Qualitative Risk Analysis B. Identify Risks C. Perform Quantitative Risk Analysis D. Plan Risk Responses
The information-gathering techniques used in the Identify Risks process include all of the following except ___________________.A. toot cause analysis B. the Delphi technique C. brainstorming D. checklist analysis
You are using the interviewing technique of the Perform Quantitative Risk Analysis process.You intend to use normal and lognormal distributions. All of the following statements are true regarding this question except which one?A. Interviewing techniques are used to quantify the probability and
Each of the following statements is true regarding the risk management plan except for which one?A. The risk management plan is an output of the Plan Risk Management process.B. The risk management plan includes a description of the responses to risks and triggers.C. The risk management plan
Assessing the probability and consequences of identified risks to the project objectives, assigning a risk score to each risk, and creating a list of prioritized risks describes which of the following processes?A. Perform Quantitative Risk Analysis B. Identify Risks C. Perform Qualitative Risk
You are a project manager for Fountain of Youth Spring Water bottlers. Your project involves installing a new accounting system, and you’re performing the risk-planning processes.You have identified several problems along with the causes of those problems. Which of the following diagrams will you
Communication technology takes into account all of the following factors that can affect the project except for which one?A. Urgency of the need for information B. Project environment C. Reasons for the distribution of information D. Duration of the project
You need to communicate information in a multidirectional fashion with several stakeholders.Which of the following is true?A. This describes push communication, which is a communication model.B. This describes interactive communication, which is a communication method.C. This describes
This ensures that information is distributed but does not acknowledge or certify that it was understood by intended receiver(s).A. Push communication B. Interactive communication C. Medium D. Message and feedback message
You are preparing your communications management plan and know that all of the following are true except for which one? (Choose the least correct response.)A. Encode means to translate thoughts or ideas so they can be understood by others.B. The medium is how the message will be conveyed.C.
All of the following are true regarding Plan Communications except for which one?A. The communications management plan is a subsidiary plan of the project management plan.B. This process should be completed as early in the project as possible.C. It’s tightly linked with enterprise environmental
You have eight key stakeholders to communicate with on your project. Which of the following is true?A. There are 36 channels of communication, and this should be a consideration when using the communications technology tool and technique.B. There are 28 channels of communication, and this should be
Your project sponsor has requested a cost estimate for the project on which you’re working.This project is similar in scope to a project you worked on last year. She would like to get the cost estimates as soon as possible. Accuracy is not her primary concern right now. She needs a ballpark
All of the following are tools and techniques of the Determine Budget process except for which one?A. Reserve analysis B. Expert judgment C. Historical relationships D. Cost of quality
Which of the following is displayed as an S curve?A. Funding requirements B. Cost performance baseline C. Cost estimates D. Expenditures to date
You are the project manager for a custom home-building construction company. You are working on the model home project for the upcoming Show Homes Tour. The model home includes Internet connections in every room, talking appliances, and wiring for home theaters.You are working on the Determine
Your project sponsor has requested a cost estimate for the project. She would like the cost estimate to be as accurate as possible because this might be her one and only chance to secure the budget for this project because of recent cuts in special projects. You decide to use _______________.A.
You are the project manager for a custom home-building construction company. You are working on the model home project for the upcoming Show Homes Tour. The model home includes Internet connections in every room, talking appliances, and wiring for home theaters.You are working on the cost
You have received the following estimates for a complex activity that is critical to the success of your project. The most likely estimate is $42, the optimistic estimate is $35, and the pessimistic estimate is $54. What is the expected activity cost of this activity (rounded to the nearest
You have received estimates for activity costs associated with one work package of the WBS. Additional contingencies have been added to the estimates to account for cost uncertainty.Which of the following tools and techniques of Estimate Costs does this describe?A. Reserve analysis B. Three-point
You want to improve your activity cost estimates by taking into account estimation uncertainty and risk. Which of the following tools and techniques will you use?A. Analogous estimates B. Three-point estimates C. Parametric estimates D. Bottom-up estimates
All of the following are inputs of the Estimate Costs process except for which one?A. Resource calendars B. Scope baseline C. Project schedule D. Human resource plan
You are a project manager working for iTrim Central. Your organization has developed a new dieting technique that is sure to be the next craze. One of the deliverables of your feasibility study was an analysis of the potential financial performance of this new product and your executives are very
You are a project manager working for iTrim Central and you’re preparing your cost management plan. You know that all of the following are true regarding this plan except for which one?A. The WBS provides the framework for this plan.B. Units of measure should be described in the plan usually as
This document is used to establish the criteria for planning, estimating, budgeting, and controlling costs.A. Cost performance baseline B. Performance management baseline C. Project funding requirements D. Cost management plan
All of the following are true regarding the Project Cost Management Knowledge Area processes except for which one? (Choose the least correct answer.)A. The primary concern of the Project Cost Management Knowledge Area is determining the amount of resources needed to complete project activities.B.
What is one of the problems with project management software?A. The project manager manages the software instead of the project.B. Project duration calculations are sometimes approximate.C. You cannot override the project management software decisions regarding schedules.D. It’s expensive and
You are the project manager for Rivera Gourmet Adventure Vacations. Rivera combines the wonderful tastes of great gourmet food with outdoor adventure activities. Your project involves installing a new human resources software system. Jason, the database analyst working on this project, is
You are the project manager working on a research project for a new drug treatment.Your preliminary project schedule runs past the due date for a federal grant application.The manager of the R&D department has agreed to release two resources to work on your project in order to meet the federal
If your expected value is 110 and the standard deviation is 12, which of the following is true?A. There is approximately a 99 percent chance of completing this activity in 86 to 134 days.B. There is approximately a 68 percent chance of completing this activity in 98 to 122 days.C. There is
If you know the expected value is 500 and the standard deviation is 12, you can say with approximately a 95 percent confidence rating which of the following?A. The activity will take from 488 to 512 days.B. The activity will take from 464 to 536 days.C. The activity will take from 494 to 506
You are a project manager for Move It Now trucking company. Your company specializes in moving household goods across the city or across the country. Your project involves upgrading the nationwide computer network for the company. Your lead engineer has given you the following estimates for a
You are a project manager for Move It Now trucking company. Your company specializes in moving household goods across the city or across the country. Your project involves upgrading the nationwide computer network for the company. Your lead engineer has given you the following estimates for a
Which of the following statements is true regarding the critical path?A. It should not be compressed.B. It allows for looping and branching.C. The critical path technique is the same as PERT.D. It’s the duration of all tasks with zero float.
Use the following graphic to answer this question. If the duration of activity B was changed to 10 days and the duration of activity G was changed to 9 days, which path is the critical path?A. A-B-C-E-H B. A-D-E-H C. A-F-G-H D. A-F-G-E-H B 7 C 5 10 D 14 E 2 A FL 7 G 6 8 H
You are a project manager for Picture Shades, Inc. It manufactures window shades that have replicas of Renaissance-era paintings for hotel chains. Picture Shades is taking its product to the home market, and you’re managing the new project. It will offer its products at retail stores as well as
You are a project manager for Picture Shades, Inc. It manufactures window shades that have replicas of Renaissance-era paintings for hotel chains. Picture Shades is taking its product to the home market, and you’re managing the new project. It will offer its products at retail stores as well as
You are working on a project that requires resources with expertise in the areas of hospitality management and entertainment. You are preparing your project schedule network diagram and know that you will use only finish-to-start dependencies. Which of the following diagramming methods does this
You are the project manager for Design Your Web Site, Inc. Your company is designing the website for a national grocery store chain. You have your activity list in hand and are ready to diagram the activity dependencies using the PDM technique. Which of the following statements is true?A. PDM is
You have been hired as a contract project manager for Grapevine Vineyards. Grapevine wants you to design an Internet wine club for its customers. Customers must register before being allowed to order wine over the Internet so that legal age can be established. You know that the module to verify
All of the following statements describe the activity list except which one?A. The activity list is an output of the Define Activities process.B. The activity list includes all activities of the project.C. The activity list is an extension of and a component of the WBS.D. The activity list includes
You have been hired as a contract project manger for Grapevine Vineyards. Grapevine wants you to design an Internet wine club for its customers. One of the activities for this project is the installation and testing of several new servers. You know from past experience it takes about 16 hours per
Your project’s primary constraint is quality. To make certain the project team members don’t feel too pressed for time and to avoid schedule risk, you decide to use which of the following activity estimating tools?A. Three-point estimates B. Analogous estimating C. Reserve analysis D.
You are the project manager for Changing Tides video games. You have produced a project schedule network diagram and have updated the activity list. Which process have you just finished?A. The Define Activities process, which identifies all the specific activities of the project B. The Sequence
You are the project manager for Changing Tides video games. You have gathered the inputs for the Estimate Activity Durations process. Which of the following tools and techniques will you employ to produce the outputs for this process?A. Activity list, expert judgment, alternatives analysis,
Which of the following is not a major step of decomposition?A. Identify major deliverables.B. Identify resources.C. Identify components.D. Verify correctness of decomposition.
Your company provides answering services for several major catalog retailers. The number of calls coming into the service center per month has continued to increase over the past 18 months. The phone system is approaching the maximum load limits and needs to be upgraded. You’ve been assigned to
What limits the options of the project team?A. Technology B. Constraints C. Deliverables D. Assumptions
Your project depends on a key deliverable from a vendor you’ve used several times before with great success. You’re counting on the delivery to arrive on June 1.This is an example of a/an ___________________ .A. constraint B. objective C. assumption D. requirement
You are a project manager for a documentary film company. In light of a recent regional tragedy, the company president wants to get a new documentary on the efforts of the heroic rescue teams to air as soon as possible. She’s looking to you to make this documentary the best that has ever been
You are in the process of translating project objectives into tangible deliverables and requirements.All the following are techniques used in the product analysis tool and technique of the Define Scope process except for which one?A. Value engineering and value analysis B. Product configuration and
Which of the following statements about decomposition is the least true?A. Decomposition involves structuring and organizing the WBS so that deliverables are always listed at level one.B. Decomposition requires a degree of expert judgment and also requires close analysis of the project scope
You are a project manager working on a new software product your company plans to market to businesses. The project sponsor told you that the project must be completed by September 1.The company plans to demo the new software product at a trade show in late September and therefore needs the project
You’ve constructed the WBS for your recent project. You’ve requested that the subproject managers report to you in three weeks with each of their individual WBSs constructed.Which statement is not true regarding the subproject managers’ WBS?A. The work package level is decomposed to create
You are the project manager for Lucky Stars nightclubs. They specialize in live country and western band performances. Your newest project is in the Planning processes group. You are working on the WBS. The finance manager has given you a numbering system to assign to the WBS. Which of the
You are a project manager for Giraffe Enterprises. You’ve recently taken over for a project manager who lied about his PMI certification and was subsequently fired. Unfortunately, he did a poor job of defining the scope. Which of the following could happen if you don’t correct this?A. The
Your company, Kick That Ball Sports, has appointed you project manager for its new Cricket product line introduction. This is a national effort, and all the retail stores across the country need to have the new products on the shelves before the media advertising blitz begins. The product line
Which of the following statements is true regarding brainstorming and lateral thinking?A. They are forms of expert judgment used to help define and develop requirements and develop the project scope statement.B. They are tools and techniques used to elaborate the product scope description.C. They
Which of the following makes up the project scope baseline?A. The approved project scope statement B. The approved scope management plan and WBS C. The WBS, approved project scope statement, and WBS dictionary D. The approved scope management plan, the WBS, and the WBS dictionary
You are a project manager for an agricultural supply company. You have interviewed stakeholders and gathered requirements. Which of the following is true regarding the process this question refers to?A. The requirements document lists the requirements and describes how they will be analyzed,
Which of the following is true regarding the project scope statement?A. The project scope statement includes a change control system that describes how to make changes to the project scope.B. The project scope statement further elaborates the details from the Initiating and Planning processes and
Unanimity, majority, plurality, and dictatorship are four examples of which of the following techniques?A. Group creativity techniques, which is a tool and technique of the Collect Requirements process B. Interviews, which is a tool and technique of the Define Scope process C. Facilitated workshops
You are a project manager responsible for the construction of a new office complex. You are taking over for a project manager who recently left the company. The prior project manager completed the scope statement and scope management plan for this project. In your interviews with some key team
Which of the following is true?A. You are a project manager for Laredo Pioneer’s Traveling Rodeo Show. You’re heading up a project to promote a new line of souvenirs to be sold at the shows. You’re ready to document the processes you’ll use to perform the project as well as define how the
You are a project manager for Laredo Pioneer’s Traveling Rodeo Show. You’re heading up a project to promote a new line of souvenirs to be sold at the shows. You are getting ready to write the project management plan and know that all the following are true regarding the PMIS except for one.
Which of the following is true regarding the project charter?A. The project charter should be published under the name of a manager external to the project.B. The project charter should be published under a key stakeholder’s name.C. The project charter should be published under the name of the
You are a project manager for Zippy Tees. Your selection committee has just chosen a project you recommended for implementation. Your project is to manufacture a line of miniature stuffed bears that will be attached to your company’s trendy T-shirts. The bears will be wearing the same T-shirt
Which of the following is true?A. Discounted cash flow analysis is the least precise of the cash flow techniques because it does not consider the time value of money.B. NPV is the least precise of the cash flow analysis techniques because it assumes reinvestment at the discount rate.C. Payback
Your selection committee is debating between two projects. Project A has a payback period of 18 months. Project B has a cost of $125,000, with expected cash inflows of $50,000 the first year and $25,000 per quarter after that. Which project should you recommend?A. Either Project A or Project B,
Your project selection committee used a weighted scoring model and found that Project B, with a score of 54, should be chosen over the other competing projects. Which of the following is true?A. Weighted scoring models are benefit measurement methods.B. Weighted scoring models are constrained
Mathematical models using linear, dynamic, integer, or algorithm models are considered ___________________ .A. project selection criteria B. a form of expert judgment C. project selection methods D. a form of historical information
Which of the following is true regarding IRR?A. IRR assumes reinvestment at the cost of capital.B. IRR is not difficult to calculate.C. IRR is a constrained optimization method.D. IRR is the discount rate when NPV is equal to zero.
You are the project manager for Insomniacs International. Since you don’t sleep much, you get a lot of project work done. You’re considering recommending a project that costs $575,000;expected inflows are $25,000 per quarter for the first two years and then $75,000 per quarter thereafter. What
Which of the following is true regarding NPV?A. NPV assumes reinvestment at the cost of capital.B. NPV decisions should be made based on the highest value for all the selections.C. NPV assumes reinvestment at the prevailing rate.D. NPV assumes reinvestment at the NPV rate.
You are the project manager for the Late Night Smooth Jazz Club chain, with stores in 12 states. Smooth Jazz is considering opening a new club in Kansas City or Spokane. You have derived the following information:Project Kansas City: The payback period is 27 months, and the IRR is 6 percent.Project
You are the project manager for the Late Night Smooth Jazz Club chain, with stores in 12 states. Smooth Jazz is considering opening a new club in Arizona or Nevada. You have derived the following information:Project Arizona: The payback period is 18 months, and the NPV is (250).Project Nevada: The
Comparative methods, scoring methods, and economic and cash flow analysis are all part of which of the following?A. Benefit measurement methods B. Constrained optimization methods C. Benefit measurement methods, which are a component of a tool and technique of the Develop Project Charter process D.
Which of the following lists of processes belong to The Project Integration Management Knowledge Area?A. Define Scope, Close Procurements, and Perform Integrated Change Control B. Develop Project Management Plan, Direct and Manage Project Execution, and Perform Integrated Change Control C. Define
Your nonprofit organization is preparing to host its first annual 5K run/walk in City Park.You worked on a similar project for the organization two years ago when it cohosted the 10K run through Overland Pass. Which of the organizational process assets might be most helpful to you on your new
According to the PMBOK® Guide, the project statement of work should contain or reference which of the following elements?A. Strategic plan, product scope description, measurable project objectives, and business need B. Business need, strategic plan, product scope description C. Project purpose,
You are the project manager for Fun Days Vacation Resorts. Your new project assignment is to head up the Fun Days resort opening in Austin, Texas. You are estimating the duration of the project plan activities, devising the project schedule, and monitoring and controlling deviations from the
You work for a large manufacturing plant. Your firm is thinking of initiating a new project to release an overseas product line. This is the company’s first experience in the overseas market, and it wants to make a big splash with the introduction of this product. The project entails producing

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