PMI-001 PMP Closing V5 Certification Practice Test Set 3

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


Options are :

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

Answer : organizational process asset updates

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


Options are :

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

Answer : Verify Scope

Which activity may occur at project or phase closure?


Options are :

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

Answer : Acceptance of deliverables

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 :

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

Answer : Analogous estimating

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


Options are :

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

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

Verification of project deliverables occurs during which process?


Options are :

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

Answer : Close Project or Phase

When are deliverables accepted or not accepted?


Options are :

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

Answer : As an output of the scope verification process

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


Options are :

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

Answer : Scope verification

What is a technique used in the performance reporting process?


Options are :

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

Answer : Status review meetings

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


Options are :

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

Answer : Expert judgment

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


Options are :

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

Answer : Precedence diagramming

The completion of the project scope is measured against the:


Options are :

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

Answer : project management plan.

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


Options are :

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

Answer : Zero

What do composite organizations involve?


Options are :

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

Answer : Functional and project managers

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 :

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

Answer : Expected monetary value analysis

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


Options are :

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

Answer : Procurement file

The cost benefit analysis tool is used for creating:


Options are :

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

Answer : quality metrics.

Which of the following is an output of Close Procurements?


Options are :

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

Answer : Organizational process assets updates

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


Options are :

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

Answer : Close Procurements

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


Options are :

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

Answer : Procurement audits

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