PMP Certification

A project you are working on has a payback period of 11 months. What does this signify?

Options are :

  • The project will take 11 months to cover its costs and then start to generate revenue (Correct)
  • The project will be complete within the first year
  • The project will start costing money after 11 months
  • The project will provide profits for the first 11 months

Answer : The project will take 11 months to cover its costs and then start to generate revenue

Explanation The payback period refers to the amount of time it takes for a project to cover its investment costs.

PMI-SP Scheduling Professional Certification Practical Exam Set 9

Your customer is very particular about ensuring that you keep the costs low on the housing projects you have been assigned as a project manager on. What costs do you need to take into account which will help you keep the customers goal in mind?

Options are :

  • Variable and Direct (Correct)
  • Indirect and Direct
  • Fixed and Indirect
  • Fixed and Variable

Answer : Variable and Direct

Explanation You need to consider the direct and variable costs on the project to keep costs low. The reason being that these are the only ones which are directly related to the project itself, while the project manager doesn't have control over the other costs mentioned in the options.

There are various types of meetings on a project. What is the purpose of having Status meetings on a project?

Options are :

  • To get reports from team members on the work they are doing on the project
  • To exchange information regarding the project (Correct)
  • To delegate work to team members
  • To evaluate the status of risks on the project

Answer : To exchange information regarding the project

Explanation The most appropriate answer is to exchange information regarding various aspects of the project. Status meetings are not restricted to any one kind of information sharing. The other options only mention very specific purposes.

You need to get intensive research done on a technological component to be included as part of your final project deliverable. You are in the process of determining whether you should get the research done in house or whether you should outsource it to a Specialized research firm. Which process are you in currently?

Options are :

  • Plan Procurement (Correct)
  • Conduct Procurement
  • Control Procurement
  • Determine Procurement

Answer : Plan Procurement

Explanation You are conducting the Make or Buy Analysis, which is carried out in Plan Procurement. The purpose of this analysis is to determine whether you will do a certain task yourself i.e done by your organization itself, or will it be done by an external supplier or contractor.

PMI-SP Scheduling Professional Certification Practical Exam Set 2

What is the most effective way to get a group of over 1000 stakeholders to share their requirements regarding the project?

Options are :

  • Personal Interviews
  • Questionnaires (Correct)
  • Focus Groups
  • Benchmarking

Answer : Questionnaires

Explanation Questionnaires are the best way to get requirements if the group is large in number.

Which conflict resolution technique would allow you to come up with a solution that would have a long lasting effect?

Options are :

  • Smoothing
  • Compromising
  • Forcing
  • Problem Solving (Correct)

Answer : Problem Solving

Explanation Problem solving / Collaborating is the most effective technique for creating a more long lasting solution. This is because this technique usually has more team buy in and involvement from the people working on the project.

The control chart for your project states that the last 15 computer chipboards manufactured were outside of the lower control limit. What should you do immediately as a project manager?

Options are :

  • Try to get your company certified for international quality accreditations
  • Halt the production (Correct)
  • Perform Rework on the 15 chipboards
  • Do nothing, 15 chipboards is a small number since you're manufacturing by the thousands

Answer : Halt the production

Explanation You should halt the production until the cause the solution for the faulty chipboards is found. Any data points that are outside the control limits are proof that the process itself is out of control and requires investigation and remedy so future production faults can be avoided.

PMP Certification

The following statement is correct in describing a risk rating matrix used on a project:

Options are :

  • The risk rating matrix should differ between projects and industries
  • The risk rating matrix is developed by the project manager
  • The risk rating matrix is standardized between projects (Correct)
  • The risk rating matrix is primarily used for small scale projects

Answer : The risk rating matrix is standardized between projects

Explanation The risk rating matrix should be standardized in order to make it easy to compare risks across different projects. It helps in providing a standardized view of the quality of the different projects in an organization.

One of your stakeholders has suggested a  change in the form of a new process that can improve efficiency on the project. However, it will also cause a change in scope to the project work. What should you as a project manager do FIRST?

Options are :

  • Share information about the change with the client
  • Analyze the risks of implementing the change (Correct)
  • Get approval from the change control board for the change
  • Implement the change

Answer : Analyze the risks of implementing the change

Explanation Before implementing, sharing, or getting approval for the change, you first need to analyze the impact of the change to schedule/time, cost, risk , resources ,quality and customer satisfaction.

You have been assigned a construction project in a new city you just moved in to. There are over 300 potential stakeholders on the project, What is the best way to move forward?

Options are :

  • Make a list of the most important stakeholders and ask them about their requirements
  • Figure out a way in which you can effectively collect the needs of all the stakeholders (Correct)
  • Ask Senior Management which stakeholders needs you should be taking care of
  • Use the list of stakeholders from a previous but similar project in the organization

Answer : Figure out a way in which you can effectively collect the needs of all the stakeholders

Explanation You need to consider the needs of all the stakeholders on the project to avoid risks, constraints or changes on the project later.

PMI-SP Scheduling Professional Certification Practical Exam Set 5

On a project, an activity has an Early Start of day 5, A late start of day 16, an early finish of day 12, and a late finish of day 23. What is the float of the activity ?

Options are :

  • 7
  • 18
  • 11 (Correct)
  • 20

Answer : 11

Explanation Float Formula: 1) LS-ES = 16-5 = 11 Or 2) LF-EF = 23-12 =11

How would a project manager interpret the performance of a project if it's SPI (Schedule Performance Index) has a value of 0.95?

Options are :

  • You are progressing at the rate of 15 percent of the rate originally planned
  • You are progressing at 95 percent of the rate that was originally planned (Correct)
  • Your project is performing over budget
  • Your project is performing ahead of schedule

Answer : You are progressing at 95 percent of the rate that was originally planned

Explanation The SPI is less than 1 and has a value of .95. This means it is not performing at its full potential and is actually performing lesser than what was planned. Hence, it is performing at 95 percent of the originally planned rate. The SPI refers to the progress achieved on the project.

At one of the project team meetings, it is decided certain extra functionalities will be added to the customers website to provide more value. Why is this not encouraged as a practice ?

Options are :

  • There is nothing wrong with this, you should aspire for complete customer satisfaction
  • Such decisions should be made jointly with senior management and the project sponsor
  • The project is within cost and budget so it is alright to proceed with this decision
  • This is considered as Gold Plating (Correct)

Answer : This is considered as Gold Plating

Explanation The project should only focus on delivering exactly what the customer asked for and on fulfilling those requirements. Gold plating is when you do extra work for the customer even though the customer has not even requested for it. This is not recommended at all as a practice.

PMI PGMP Program Management Professional Practice Exam Set 8

The estimated value of work completed is represented most appropriately by the term:

Options are :

  • Planned Value
  • Earned Value (Correct)
  • Actual Cost
  • Estimate at Completion

Answer : Earned Value

Explanation Earned Value is the estimated value of the work completed on a project.

Based on the current work schedule on the project, you decide that 3:30pm on Fridays is the correct time for team to submit their project status reports. What is the best type of communication to convey this to the team:

Options are :

  • Formal Verbal Communication
  • Informal Verbal Communication
  • Informal Written Communication (Correct)
  • Formal Written Communication

Answer : Informal Written Communication

Explanation This situation does not require a formal communication but it needs to be documented , hence informal written communication is the right way of communicating this message to the team.

Which of the following refers to performance requirements : 

Options are :

  • Functionality of the product
  • The work that needs to be executed on the project
  • What the product should be able to do (Correct)
  • The final deliverables of the project

Answer : What the product should be able to do

Explanation The performance requirements describe what the customer wants the product to be able to do. It does not describe the technicalities of the product functionality in detail.

PMI-ACP Agile Certified Practitioner Certified Practice Exam Set 4

On projects , documents which are collected as historical records are archived for future projects during which of the following?

Options are :

  • Project Closure (Correct)
  • When the Project Charter is Created
  • When the client gives formal acceptance of the project
  • At the start of the new project

Answer : Project Closure

Explanation Documents collected for historical records are archived at project closure.

Your project team member mentions that people from different departments keep asking him to do perform various tasks for them. You are working in a functional organization, which of the following has the authority to give directions to this team member?

Options are :

  • The PMO
  • The Functional Manager (Correct)
  • The Project Team
  • The Project Manager

Answer : The Functional Manager

Explanation The functional manager is the main authority and boss for the team member in functional organizations.

While working on a real estate housing construction project in a mountainous area, you realize that the previously identified risk of thunderstorms is inevitable. If there is no appropriate response to this risk, what response strategy would you use?

Options are :

  • Acceptance (Correct)
  • Avoidance
  • Transference
  • Mitigation

Answer : Acceptance

Explanation In case no response strategies can be developed, the only choice left is to continue the work while accepting the risk. You cannot always address all of the risks on a project.

PMI-RMP PMI Risk Management Professional Practice Test Set 7

Which of the following theory includes the concepts of Self Actualization,Security and Esteem:

Options are :

  • Mcgregor
  • Deming
  • Maslow (Correct)
  • Herzberg

Answer : Maslow

Explanation All of these concepts are a part of Maslow's hierarchy of needs.

Buffers are used in the critical chain method to act as a cushion for

Options are :

  • Lags
  • Risks (Correct)
  • Constraints
  • Communication Gaps

Answer : Risks

Explanation Buffers in the critical chain method address delays which occur due to risks and resource limitations.

Who is responsible for the creation of the work breakdown structure?

Options are :

  • The Team (Correct)
  • Senior Management
  • Project Sponsor
  • Project Manager

Answer : The Team

Explanation The team working on the project are technical experts who know how the project should be carried out. The project manager is mainly responsible for managing the project.

PMI-SP Scheduling Professional Certification Practical Exam Set 5

You are the project manager working on a large scale office building construction project for one of the leading technology companies in the world. Given the amount of scope left to be completed, you will require more time to finish the project. What is the Best decision to make at this moment?

Options are :

  • Cut the scope of the project so that you can finish the work on time
  • Put in more hours per day and work overtime
  • Tell the client the work cannot be done on the initial deadline as planned
  • Come up with ways to compress the schedule and share them with management (Correct)

Answer : Come up with ways to compress the schedule and share them with management

Explanation A project manager is responsible for coming up with solutions, not problems. The other options won't do much good to the project and may in turn end up negatively influencing it e.g cutting scope. The best thing to do is to come up with options for how the work may still be achieved within the timeline through schedule compression and then present it to management for approval.

While working with suppliers,  Communications related to contracts should be

Options are :

  • Informal Verbal Communication
  • Informal Written Communication
  • Formal Verbal Communication
  • Formal Written Communication (Correct)

Answer : Formal Written Communication

Explanation Matters related to procurements are formal. In order to maintain records regarding contract communications, they should be in writing.

The budget for a project designated $2000 for work performed and till this point in time, has spent $5000. If the budget had included $7000 for the work scheduled on the project, what is the value of the cost variance (CV)

Options are :

  • (3000) (Correct)
  • 3000
  • (2000)
  • 2000

Answer : (3000)

Explanation CV= EV - AC CV = $2000 - $5000 CV = -$3000 or (3000)

PMI-SP Scheduling Professional Certification Practical Exam Set 6

A global scale software application project includes multiple risks. These include :

A 30 percent probability of a 15 day delay in the coding process

A 40 percent probability of a 10 day delay in the user interface design process

A 10 percent probability of a 20 day delay in the online integration

What would be the EMV ( Expected Monetary Value) of the project?

Options are :

  • 45 days
  • 10 days
  • 10.5 days (Correct)
  • 23.5 days

Answer : 10.5 days

Explanation To calculate EMV , ( which can be calculated for both time and cost ) , calculate the Probability X Impact for each risk and then add them together. EMV = (.30 x 15 ) + (0.40 x 10) + (0.10 x 20) = 4.5 + 4 + 2 = 10.5

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