PMP Practice Exam Tests Latest Updated on Jan-2022
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NEW QUESTION 107
You are the project manager for a major logistics installation project and must obtain specific services from local sources external to your project. Your subcontracts administrator has told you to prepare a product or service description, which is referenced in a______________
- A. Request for proposal
- B. Contract
- C. Project statement of work
- D. Contract scope statement
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The project statement of work describes in a narrative form the products, services, or results that the project will deliver. It references the product scope description as well as the business need and strategic plan.
NEW QUESTION 108
A project manager is performing a set of processes in the Initiating phase. He is developing a document that formally authorizes the existence of a project and provides the project manager with authority to apply organizational resources to project activities. Which of the following documents contains this information?
- A. Strategic Plan
- B. Plan Quality Management
- C. Project Charter
- D. a
Answer: C
NEW QUESTION 109
After preparation of the project management plan, the project manager schedules a meeting with Key stakeholders. What part of the project will this complete?
- A. Execution
- B. Planning
- C. Initiation
- D. Evaluation
Answer: B
NEW QUESTION 110
If the most likely duration of an activity is five weeks, the best-case duration is two weeks, and the worst- case duration is 14 weeks, how many weeks is the expected duration of the activity?
- A. Seven
- B. Six
- C. One
- D. Five
Answer: B
NEW QUESTION 111
An RFP is issued during which step in the procurement process?
- A. Source selection
- B. Procurement Planning
- C. Solicitation Planning
- D. Solicitation
Answer: D
Explanation:
Solicitation involves obtaining responses from prospective proposer. So, if this were true, the RFP would have to be issued in the solicitation process NOT the Solicitation Planning Process. The solicitation planning process would involve developing the RFP prior to issuing the RFP to prospective proposers. In fact, the RFP document is an input into the solicitation process. Therefore, an RFP cannot be issued until after the solicitation planning process which in this case would be the solicitation process.I agree with most of what you are saying, except for the piece that is about RFP being an input to the solicitation process. As I understood it, Solicitation Planning is the process where you prepare the Request for Proposal (RFP). And as documented in the PMBOK, RFP is an output of the Solicitation Planning process. So, even though issuing an RFP is the last process of Solicitation Planning, it still belongs there. It is a deliverable of Solicitation Planning. Solicitation is the process where we get the response to the RFP or the "Proposal" from the various qualified vendors. So, the input to the Solicitation process is the "response to the RFP" and not the"RFP". The PMBOK categorizes both the output of the Solicitation Planning process and the input to the Solicitation process under the general "Procurement Documents" heading. The detail description for each does differentiate the kind of procurement document associated with each process.
NEW QUESTION 112
Going from Level 2 to Level 4 in the work breakdown structure will result in
- A. Better control of the project
- B. Lower status reporting costs
- C. None of the other alternatives apply
- D. Less estimating accuracy
- E. A greater likelihood that something will fall through the cracks
Answer: C
NEW QUESTION 113
Milestones are best characterized by which description?
- A. A planning tool used to replace progress measurements
- B. A significant point in the project with zero duration
- C. A period between two project phases including a review
- D. A fixed or imposed date during the project lifecycle
Answer: B
NEW QUESTION 114
Assume you have identified your stakeholders and are preparing your stakeholder management plan. You are fortunate that your team is a collocated team as you are working on an internal project to reorganize your IT Department so it is focused more on its customers. The project sponsor is the Chief Operating Officer, and the IT Department Director was surprised as she thought all was well. However, you notice when planning meetings are held, the Chief Financial Officer never attends. You feel since IT affects the entire company, all the senior leaders need some type of involvement. You therefore feel the Chief Financial Officer may be______________
- A. Unaware
- B. Satisfied
- C. Uninterested
- D. Resistant
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Since the Chief Financial Officer has financial responsibility for all of the company's work, in preparing a stakeholder engagement strategy, he or she probably is aware of this project, and probably is resistant to change, perhaps feeling resources could be better spent on other initiatives.
NEW QUESTION 115
In an agile team, some of the team members are coming forward to ask for more autonomy on the project. What should the project manager do in this situation?
- A. Encourage the team members to make decisions.
- B. Discourage this request, as it is for the management team.
- C. Discourage them as conflicts may be created.
- D. Encourage the team lead to make decisions.
Answer: A
NEW QUESTION 116
A sensor project manager resolves some conflict among stakeholders to align objectives and success criteria.
Now the project manager is collaborating with these stakeholders to authorize the project.
What approved information will the project manager need?
- A. Technical designs
- B. Project schedule
- C. Budget changes
- D. Financial resources
Answer: A
NEW QUESTION 117
A project manager notices that work started by the project team is misaligned with an industry regulation. The project manager recalls that this topic was previously discussed during a stakeholder meeting.
What should the project manager review?
- A. Project management plan
- B. Work performance data
- C. Organizational process assets
- D. Issue log
Answer: C
Explanation:
Section: Executing
NEW QUESTION 118
A request, demand or assertion of a contract partner for consideration, compensation or payment under a legally binding contract, such as a disputed change, is often referred to as a99
- A. Claim
- B. Audit
- C. Refinement
- D. Trial
Answer: A
NEW QUESTION 119
A complex project is closing and many project team members report negative experiences. The project stakeholders from various areas of the organization may never work together again. As part of the project's requirements, the project manager must provide lessons learned.
How should the project manager ensure this requirement is met?
- A. Document only the negative experiences so that alternative approaches can be developed for future projects.
- B. Initiate documentation of both the positive and negative experiences using the issue log and record of escalation.
- C. Facilitate a session with the project team to review only positive experiences.
- D. Reach out to each project stakeholder to capture their feedback on experiences from each phase of the project.
Answer: B
Explanation:
Section: Closing
NEW QUESTION 120
A software system was developed and implemented in a project with significant cost overruns. A sponsor sends an escalation email indicating that the system is not benefiting their business as expected, and blames the project manager.
What should the project manager do1?
- A. Refer the sponsor to the agreed-upon project acceptance criteria
- B. Refer the sponsor to the other sponsors who are satisfied with the project result, and suggest system training
- C. Attribute the perceived failure to a misunderstanding of project objectives between the sponsor and the team.
- D. Explain that the project budget was insufficient to meet all requirements.
Answer: A
NEW QUESTION 121
You are the project manager for an information technology division of a large financial services firm in the United States. Your company offers a web based trading platform that provides options and futures trading for U.S commodities markets. Due to the rise in popularity of futures and options trading, your company has grown rapidly. To keep up with the demands you have been assigned with the responsibility of upgrading company's network and computing infrastructure. You have already inspected the existing infrastructure and are in the process of defining detailed project scope statement for your project. All of following are tools/ techniques you can use EXCEPT:
- A. Alternatives identification
- B. Product analysis
- C. Stakeholders analysis
- D. Inspection
- E. Expert judgment
Answer: D
NEW QUESTION 122
A regression line is used to estimate:
- A. The central tendency, dispersion, and shape of a statistical distribution.
- B. Whether or not a process is stable or has predictable performance.
- C. How a change to the independent variable influences the value of the dependent variable.
- D. The upper and lower specification limits on a control chart.
Answer: C
NEW QUESTION 123
Schedule control is one important way to avoid delays. While planning and executing schedule recovery, one tool available to you for control schedules is______________
- A. Changing all project and resource calendars
- B. Immediately rebase lining
- C. Adjusting leads and lags
- D. Changing the schedule management plan
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Corrective action is anything that brings expected future schedule performance in line with the project plan.
Adjusting leads and lags is one of many tools available to identify the cause of variation.
NEW QUESTION 124
You are working on a new project in your city to construct an environmentally friendly landfill. The existing site is so undesirable that many residents have moved to other neighboring cities because of their proximity to it.
However, even though the project has the support of the public, you need to have a number of hearings of the city's government before you are authorized to begin work. As you are in the planning phase of the project, you are waiting for these hearings to be scheduled and held before you can begin site preparation. These hearings are an example of______________
- A. A mandatory dependency
- B. A milestone
- C. An item to be scheduled as a fragment
- D. An external dependency
Answer: D
Explanation:
Section: Mix Questions
Explanation:
Some dependencies are external ones, and they involve a relationship between project activities and non project activities. In sequencing activities, the project management team must determine which dependencies are external as they are usually outside of the team's control.
NEW QUESTION 125
Job continuity would be an example of _____ in Maslow's hierarchy of needs.
- A. Esteem
- B. Physiological
- C. Safety
- D. Belonging
- E. Self-actualization
Answer: C
NEW QUESTION 126
As the project manager, you have the option of proposing one of three systems to a client: a full-feature system that not only satisfies the minimum requirements but also offers numerous special functions (the "Mercedes"); a system that meets the client's minimum requirements (the "Yugo"); and a system that satisfies the minimum requirements plus has a few extra features (the "Toyota"). The on-time records and associated profits and losses are depicted on the below decision tree. What is the expected monetary value of the "Toyota" system?
- A. $9,900
- B. $48,000
- C. $45,000
- D. $44,000
Answer: D
Explanation:
Section: Mix Questions
Explanation:
EMV VToyota = ($50, 000x90%) + ($10,000x0%)
= $45,000+(-$1,000)
= $44,000
NEW QUESTION 127
You are conducting a stakeholder analysis on your project. After identifying potential stakeholders, the next step in the process is to______________
- A. Provide detailed contact information for each identified stakeholder
- B. Perform an assessment to see how each stakeholder might react in certain situations
- C. Determine their desired level of participation
- D. Analyze each stakeholder's impact or support and classify them
Answer: D
Explanation:
Explanation/Reference:
Explanation:
The second step in the stakeholder analysis process is to analyze the potential impact or support each stakeholder could generate and then to classify the stakeholders to define an approach or strategy.
NEW QUESTION 128
As a Project Manager, your first priority is to accomplish the work of the project. As a result of a project being complete, you have the opportunity to help those on the project become more educated on what worked well and what didn't on the project. What is the best answer for gaining this experience and knowledge?
- A. Historical information
- B. Constraints
- C. Lessons learned
- D. Assumptions
Answer: C
NEW QUESTION 129
As a project manager for a new construction project in Chicago, you and the project team are creating the scope statement and are evaluating the function, purpose, and activities that will take place within the project, to help the project customer gather all of the requirements for the scope. This process is an example of which one of the following?
- A. Meeting
- B. Work breakdown structure creation
- C. Product analysis
- D. Expert judgment
Answer: C
NEW QUESTION 130
The resource calendar is an output of which following process?
- A. Estimate activity durations
- B. Develop project team
- C. Acquire project team
- D. Manage project team
Answer: C
Explanation:
Section: Mix Questions
Explanation:
The resource calendar is an output from the acquire project team process. Other outputs are project staff assignments and updates to the project management plan, especially the human resource management plan. A resource calendar is also an output of the develop human resource plan process as part of the staffing management plan and the conduct procurements process.
NEW QUESTION 131
......
Conclusion
The PMP certification adds huge value to a project manager's career. CIO magazine has ranked this certificate as the best option for those willing to advance on the industry since it proves that the project manager or lead has the specific set of skills and experience that today’s organizations seek. Certified PMPs get up to 25% higher earnings than non-certified ones and are expected to grow faster. Start preparing for your exam today and excel in your career!
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