PMI-001 PMP Closing V5 Certification Practical Exam Set 3

When are deliverables accepted or not accepted?


Options are :

  • In the contract closure process
  • When the project is initiated
  • As an output of the scope verification process (Correct)
  • When the project is closing

Answer : As an output of the scope verification process

PMP Certification Mock

Which of the following is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen?


Options are :

  • Expected monetary value analysis (Correct)
  • Three-point estimate
  • Sensitivity analysis
  • Modeling and simulation

Answer : Expected monetary value analysis

Which of the following is an estimating technique that uses the values of parameters from previous similar projects for estimating the same parameter or measure for a current project?


Options are :

  • Analogous estimating (Correct)
  • Three-point estimating
  • Parametric estimating
  • Reserve analysis

Answer : Analogous estimating

What is a technique used in the performance reporting process?


Options are :

  • Status review meetings (Correct)
  • Project management methodology
  • Expert judgment
  • Stakeholder analysis

Answer : Status review meetings

PMI PGMP Program Management Professional Practice Test Set 6

The cost benefit analysis tool is used for creating:


Options are :

  • Ishikawa diagrams.
  • quality metrics. (Correct)
  • Pareto charts.
  • change requests,

Answer : quality metrics.

Which of the following is an output of Close Procurements?


Options are :

  • Managing stakeholder expectations
  • Performance reports
  • Organizational process assets updates (Correct)
  • Accepted deliverables

Answer : Organizational process assets updates

What do composite organizations involve?


Options are :

  • Technical managers and project managers
  • Project managers only
  • Functional and project managers (Correct)
  • Functional managers only

Answer : Functional and project managers

PMI-SP Scheduling Professional Practice Exam Set 5

During which process would stakeholders provide formal acceptance of the completed project scope?


Options are :

  • Perform Quality Control
  • Develop Schedule
  • Control Scope
  • Verify Scope (Correct)

Answer : Verify Scope

At the end of the project, what will be the value of SV?


Options are :

  • Negative
  • Positive
  • Greater than one
  • Zero (Correct)

Answer : Zero

Which of the following is a complete set of indexed contract documentation, including the closed contract?


Options are :

  • Procurement management plan
  • Procurement package
  • Procurement file (Correct)
  • Negotiated settlements

Answer : Procurement file

PMI-RMP PMI Risk Management Professional Practice Test Set 8

Verification of project deliverables occurs during which process?


Options are :

  • Close Project or Phase (Correct)
  • Create WBS
  • Develop project charter
  • Develop preliminary project scope statement

Answer : Close Project or Phase

The completion of the project scope is measured against the:


Options are :

  • project scope statement.
  • work performance measurements.
  • requirements documentation.
  • project management plan. (Correct)

Answer : project management plan.

Which activity may occur at project or phase closure?


Options are :

  • Acceptance of deliverables (Correct)
  • Project management plan updates
  • Benchmarking
  • Change requests

Answer : Acceptance of deliverables

PMI-SP Scheduling Professional Certification Practice Test Set 7

The process for performing variance analysis may vary, depending on:


Options are :

  • work to be completed next.
  • working relationships among various stakeholders and team members.
  • application area, the standard used, and the industry, (Correct)
  • scenario building, technology forecasting, and forecast by analogy.

Answer : application area, the standard used, and the industry,

Exhibit A is an example of which of the following types of Sequence Activities?


Options are :

  • Mathematical analysis diagramming
  • Activity-on-arrow diagramming
  • Project schedule network diagramming
  • Precedence diagramming (Correct)

Answer : Precedence diagramming

The person assigned by the performing organization to be responsible for achieving the project objectives is the:


Options are :

  • functional manager
  • program manager
  • project manager (Correct)
  • portfolio manager

Answer : project manager

PMI-SP Scheduling Professional Certification Practice Test Set 6

The end point of a project phase can be referred to as:


Options are :

  • project failure
  • lifecycle
  • closing process
  • stage gate (Correct)

Answer : stage gate

Which of the following tools and techniques are utilized in the Close Project or Phase process?


Options are :

  • Expert judgment (Correct)
  • Project management information system
  • Inspection
  • Product analysis

Answer : Expert judgment

Procurement audits, negotiated settlements, and a records management system are tools and techniques used in which Procurement Management process?


Options are :

  • Conduct Procurements
  • Plan Procurements
  • Close Procurements (Correct)
  • Administer Procurements

Answer : Close Procurements

PMI Risk Management Professional Certification Practice Exam Set 5

Which of the following choices is a contract closure tool or technique?


Options are :

  • Procurement plan
  • Contract plan
  • Procurement audits (Correct)
  • Closure process

Answer : Procurement audits

An output of the Close Project (or Close Phase) process is:


Options are :

  • organizational process asset updates (Correct)
  • work performance information
  • accepted deliverables
  • project management plan updates

Answer : organizational process asset updates

During which process would you obtain stakeholders’ formal acceptance of the completed project scope?


Options are :

  • Quality control
  • Close project
  • Scope control
  • Scope verification (Correct)

Answer : Scope verification

PMI-SP Scheduling Professional Certification Practical Exam Set 7

Which of the following is a measure of the value of work completed compared to the actual cost or progress made on the project?


Options are :

  • Planned value (PV)
  • Cost performance index (CPI) (Correct)
  • Schedule performance index (SPI)
  • Cost variance (CV)

Answer : Cost performance index (CPI)

The Closing Process Group includes which of the following Knowledge Areas?


Options are :

  • Project Risk Management and Project Integration Management
  • Project Integration Management and Project Quality Management
  • Project Integration Management and Project Procurement Management (Correct)
  • Project Risk Management and Project Procurement Management

Answer : Project Integration Management and Project Procurement Management

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