Project Management Professional (PMP) Exam Practice – Question1122

A project management office (PMO) asks a project manager to calculate a projects contingency reserves. What should the project manager do?


A.
Review the risk management plan.
B. Check the total cost and add a reserve to cover quality issues.
C. Ask the PMO to increase the budget according to company policies.
D. Add a percentage to the cost based on previous experiences.

Correct Answer: A

Project Management Professional (PMP) Exam Practice – Question1121

A projects earned value (EV) report indicates that an activitys cost variance (CV) is -5,000 and its schedule variance (SV) is 1,000. What is the status of this activity?


A.
Behind schedule and over budget
B. On schedule and within budget
C. Behind schedule and within budget
D. Ahead of schedule and over budget

Correct Answer: D

Project Management Professional (PMP) Exam Practice – Question1120

Based on an identified risk that has a major severity level, a project sponsor asks for a quantitative risk analysis of the project. The project manager is unsure if there is sufficient time to perform that kind of analysis. The companys board is waiting for a formal
response.

What should the project manager do to address the situation without jeopardizing project outcomes?


A.
Hold a team meeting to obtain the information needed for a quantitative risk analysis.
B. Review the risk management plan to see if a quantitative risk analysis is required.
C. Meet with the project sponsor to review the identified risk, and issue a risk response plan.
D. Perform a quantitative risk analysis, and update the risk register and risk response plan.

Correct Answer: A

Project Management Professional (PMP) Exam Practice – Question1118

An experienced project manager is assigned to a project that could fail to meet its goals and objectives. What should the project manager do to decrease the likelihood of this happening?


A.
Actively manage stakeholder involvement.
B. Review change control procedures.
C. Manage quality
D. Regularly update lessons learned communications.

Correct Answer: A

Project Management Professional (PMP) Exam Practice – Question1117

Weekly project progress reports sent to stakeholders by the project manager indicate that the project is behind schedule. During an informal discussion with the project sponsor, the project manager learns that the sponsor is unaware of the schedule deviation.
What should the project manager have done to avoid this?


A.
Asked the sponsor to proactively engage the project team
B. Reviewed the communication methods in the communications management plan
C. Ensured that the sponsor was actively engaged during the development of the communications management plan
D. Confirmed that communication of the schedule deviation was reaching the appropriate stakeholders.

Correct Answer: B

Project Management Professional (PMP) Exam Practice – Question1116

A vendor contracted to provide a critical component regularly revises the expected delivery date. The latest schedule submitted by the vendor leaves a float of only two weeks while it is still six weeks before delivery.
What should the project manager do?


A.
Work with the procurement manager to identify ways to expedite vendor activities.
B. Ask the vendor to maintain the agreed-upon delivery date.
C. Identify an alternate vendor and cancel the order with the current vendor.
D. Perform a reserve analysis.

Correct Answer: D

Project Management Professional (PMP) Exam Practice – Question1115

A vendor has a contract to deliver products for a project on the first day of each month. An inspection reveals that some product components are not meeting design requirements.
What should the project manager do next?


A.
Request an audit of all deliverables, an apply penalties to the vendor.
B. Demand the necessary corrections from the vendor, and update the progress report.
C. Conduct an audit of all deliverables, and hire another vendor.
D. Insist that the vendor make all necessary corrections, and update the risk register

Correct Answer: D

Project Management Professional (PMP) Exam Practice – Question1113

As a result of negative client feedback, a project manager is replaced midway through a project. The new project manager needs to compare stakeholders current attitudes to their original support for the project.
What will help the project manager with this task?


A.
Stakeholder engagement assessment matrix
B. Requirements traceability matrix
C. Stakeholder register
D. Interpersonal skills

Correct Answer: C