Tag: Project Management Professional (PMP) Exam Practice

Project Management Professional (PMP) Exam Practice – Question1742

You are trying to determine whether or not to conduct 100% final system tests of 500 ground-based radar units at the factory. The historical radar field failure rate is 4%; the cost to test each unit in the factory is $10,000; the cost to reassemble each passed unit
after the factory test is $2,000; the cost to repair and reassemble each failed unit after factory test is $23,000; and the cost to repair and reinstall each failed unit in the field is $350,000. Using decision tree analysis, what is the expected value if you decide to
conduct these tests?


A. $5.5 million
B. $5.96 million
C. $6.42 million
D. $7 million

Correct Answer: C

Explanation:

Explanation:
Test: $5M + $960K + $460K = $6.42M; Don’t Test: $7M.

Project Management Professional (PMP) Exam Practice – Question1741

Your company is in the project management training business. In addition, the company publishes several exam study aids for the PMP and CAPM exam. You have your PMP and you have been appointed as the project manager to make sure your
company's training materials are updated to be aligned with the new PMBOK Guide. You must complete your project in six months. You are now in month four. Many of your team members have been working on other projects as the company uses matrix
management. In a performance review meeting today, you informed your Governance Board that you did not think you could complete this project in the remaining two months. You were informed that additional resources were not available, but you had to
complete your project on time. Your best course of action is to______________


A. Revise your schedule baseline
B. Use fast tracking
C. Adjust leads and lags now in your schedule
D. Use modeling techniques

Correct Answer: B

Explanation:

Explanation:
Fast tracking or crashing the schedule for the remaining work to be done are examples of schedule compression techniques to find ways to bring project activities that are behind into alignment with the project management plan.

Project Management Professional (PMP) Exam Practice – Question1740

The WBS represents all product and project work, including project management. It is sometimes called the______________


A. Control account level
B. 100% rule
C. Integration of scope, cost, and schedule for comparison to the earned value
D. The code of accounts

Correct Answer: B

Explanation:

Explanation:
The WBS is a deliverable-oriented, hierarchical decomposition of work to be done by the project team. Sometimes called the 100% rule, it shows the total of the work at the lowest levels must roll up to the higher levels so that nothing is left out and no extra work
is done.

Project Management Professional (PMP) Exam Practice – Question1739

You are pleased to be the project manager for a new video conferencing system for your global organization. You want it to be one that is easy to use and is state of the art. As the project manager, you also are the project leader. You realize leadership is critical
throughout the phases of the project and its key elements are______________


A. Respect and trust
B. Political and cultural awareness
C. Negotiation and influencing
D. Decision making and conflict management

Correct Answer: A

Explanation:

Explanation:
Leadership is critical to project management as it focuses on ensuring a group of people are working toward a common goal and enables them to work as a team. It involves getting things done through others. Respect and trust, not fear and submission, are its
key elements. PMI

Project Management Professional (PMP) Exam Practice – Question1738

Your experience has taught you that inappropriate responses to cost variances can produce quality or schedule problems or unacceptable project risk. When leading a team meeting to discuss the importance of cost control, you note that cost control is concerned
with______________


A. Influencing the factors that create change to the authorized cost baseline
B. Developing an approximation of the costs of the resources needed to complete the project
C. Allocating the overall cost estimate to individual work items
D. Establishing a cost performance baseline

Correct Answer: A

Explanation:

Explanation:
The control costs process is also concerned with ensuring that requested changes have been acted upon, managing actual changes if and when they occur, ensuring cost expenditures do not exceed authorized funding, monitoring cost performance, preventing
unapproved changes from being included in the reported cost or resource use, informing stakeholders of all approved changes and their costs and bringing expected cost overruns within acceptable limits.

Project Management Professional (PMP) Exam Practice – Question1737

The lessons learned documentation is an output from the______________


A. Identify stakeholders process
B. Develop project management plan process
C. Manage communications process
D. Plan communications management process

Correct Answer: C

Explanation:

Explanation:
Lessons learned documentation is an output of the manage communications process. It is an element of the organizational process assets updates. It includes the causes of issues, reasons for corrective actions selected, and other types of lessons learned about
communications management.

Project Management Professional (PMP) Exam Practice – Question1736

Rolling wave planning in the create WBS process refers to situations in which______________


A. Certain deliverables or subprojects will be accomplished far into the future
B. Additional work is added to the project after the scope baseline has been established; therefore, additional decomposition is required
C. Identification codes for the WBS elements cannot be determined until the schedule activity list is complete in case revisions are required
D. Subprojects are developed by external organizations and then become part of the WBS for the entire project

Correct Answer: A

Explanation:

Explanation:
Many projects involve deliverables or subprojects that will be accomplished far into the future and cannot be specified in detail at the current time. In these situations, the project management team typically waits until the deliverable or subproject is clarified so that
details for that portion of the WBS can be developed. Then a rolling wave planning approach can be used.

Project Management Professional (PMP) Exam Practice – Question1735

Consider the data in the table below.

Assume that your project consists only of these three activities. Your estimate at completion is $4,400.00. This means you are calculating your EAC by using which of the following formulas?


A. EAC = AC/EV BAC
B. EAC = AC/EV [work completed and in progress] + [actual (or revised) cost of work packages that have not started]
C. EAC = [Actual to date] + [all remaining work to be done at the planned cost including remaining work in progress]
D. EAC =% complete BAC

Correct Answer: C

Explanation:

Explanation:
This formula assumes that all of the remaining work is independent of the burn rate incurred thus far. AC is $2,900 + [$500 + $1,000]. The $500 is from Activity B, and the $1,000 is from Activity C.

Project Management Professional (PMP) Exam Practice – Question1734

Assume you had a phase gate meeting with your Governance Board for your project to develop the next generation radar system as part of the nation's airspace modernization program. At this meeting, the Board approved your project management plan.
However, as you begin to execute your plan, an organizational process asset to consider is______________


A. Stakeholder risk tolerances
B. The organization's culture
C. Hiring and firing guidelines
D. Process measurement data base

Correct Answer: D

Explanation:

Explanation:

The process measurement data base is an organizational process asset that is used to collect and make available measurement data on processes and products. The other answers are examples of enterprise environmental factors used as inputs to direct and
manage the project work.

Project Management Professional (PMP) Exam Practice – Question1733

Your company has been awarded a contract for project management consulting services for a major government agency. You were a member of the proposal writing team, are PMP certified, and you are the project manager. You are now working to prepare your
project management plan, which is to be submitted in one week. You decided to use some facilitation techniques to help develop your plan. While a number are possible, you selected______________


A. Conflict resolution
B. Checklist analysis
C. SWOT analysis
D. Assumptions analysis

Correct Answer: A

Explanation:

Explanation:
Facilitation techniques are a tool and technique in develop project management plan process.
Other examples are brainstorming, problem solving, and meeting management. They are used to help teams and individuals achieve agreement to accomplish the project’s objectives.