Tag: Project Management Professional (PMP) Exam Practice

Project Management Professional (PMP) Exam Practice – Question1572

Projects are particularly susceptible to risk because______________


A. Murphy's law states that "if something can go wrong, it will"
B. There is uncertainty in all projects
C. Project management tools are generally unavailable at the project team level
D. There are never enough resources to do the job

Correct Answer: B

Explanation:

Explanation:
Every project has uncertainty associated with it because a project by its definition is a temporary endeavor undertaken to create a unique product, service, or result. Risks may be known or unknown.

Project Management Professional (PMP) Exam Practice – Question1571

The risk urgency assessment is a tool and technique used for______________


A. Plan risk responses
B. Identify risks
C. Perform qualitative risk analysis
D. Perform quantitative risk analysis

Correct Answer: C

Explanation:

Explanation:
Risks that may happen in the near-term need urgent attention. The purpose of the risk urgency assessment is to identify those risks that have a high likelihood of happening sooner rather than later. It is combined with the risk ranking to give a final risk severity
ranking.

Project Management Professional (PMP) Exam Practice – Question1570

A risk response strategy that can be used for both threats and opportunities is______________


A. Share
B. Avoid
C. Accept
D. Transfer

Correct Answer: C

Explanation:

Explanation:
Risk exists on every project, and it is unrealistic to think it can be eliminated completely. There are certain risks that simply must be accepted because we cannot control whether or not they will occur (for example, an earthquake). Acceptance is a strategy for
dealing with risk that can be used for both threats and opportunities.

Project Management Professional (PMP) Exam Practice – Question1569

As the project manager, you have the option of proposing one of three systems to a client: a full-feature system that not only satisfies the minimum requirements but also offers numerous special functions (the "Mercedes"); a system that meets the client's
minimum requirements (the "Yugo"); and a system that satisfies the minimum requirements plus has a few extra features (the "Toyota"). The on-time records and associated profits and losses are depicted on the below decision tree. What is the expected
monetary value of the "Toyota" system?



A. $9,900
B. $44,000
C. $45,000
D. $48,000

Correct Answer: B

Explanation:

Explanation:
EMV VToyota = ($50, 00090%) + ($10,0000%)
= $45,000+(-$1,000)
= $44,000

Project Management Professional (PMP) Exam Practice – Question1567

You are working on a project with 15 stakeholders. The number of communication channels on this project is______________


A. 15
B. 105

C. 210
D. 225
210
D. 225

Correct Answer: B

Explanation:

Explanation:
The formula for determining the number of communication channels is n(n -1)/2, where n = the number of stakeholders: 15(15 -1)/2 = (15)(14)/2 = 105. It is important to note that project managers must plan the project’s communications requirements carefully,
limiting who will communicate with whom given the potential for confusion when multiple communications channels can exist.

Project Management Professional (PMP) Exam Practice – Question1566

Because communications planning often is linked tightly with enterprise environmental factors, which one of the following statements is true?


A. The project's organizational structure has a major effect on the project's communications requirements.
B. Standardized guidelines, work instructions, and performance measurement criteria are key items to consider.
C. Procedures for approving and issuing work authorizations should be taken into consideration.
D. Criteria and guidelines to tailor standard processes to the specific needs of the project should be stated explicitly.

Correct Answer: A

Explanation:

Explanation:
Enterprise environmental factors undoubtedly will influence the project’s success and must be considered because communication must be adapted to the project environment.

Project Management Professional (PMP) Exam Practice – Question1565

The purpose of work performance data in control communications is to present results of comparative analysis to the______________


A. Performance measurement baseline
B. Communications management plan
C. Stakeholder management plan
D. Deliverable status

Correct Answer: A

Explanation:

Explanation:
Wok performance data are an input in control communications. These data organize and summarize information gathered and present the results of comparative analysis to the performance measurement baseline.

Project Management Professional (PMP) Exam Practice – Question1564

One way to determine how to best update and communicate project performance and respond to stakeholder information requests is to______________


A. Review the effectiveness of the communications management plan
B. Set up a portal
C. Hold meetings
D. Distribute performance reports

Correct Answer: C

Explanation:

Explanation:
Meetings are a tool and technique in control communications. They can be face to face or online and in different locations and may include not only the project team but also suppliers, vendors, and other stakeholders.

Project Management Professional (PMP) Exam Practice – Question1563

Changes in the report formats and lessons learned documents process should trigger changes to the______________


A. Project management plan and performance reporting system
B. Integrated change control system and the communications management plan

C. Monitor and control project process and the project management plan
D. Organizational process assets updates

Correct Answer: D

Explanation:

Explanation:
Any changes in report formats or lessons learned documentation are organizational process asset updates as an output of control communications. The documentation may become part of the historical data base for both the project and the organization.