PMP Study Questions

A work authorization system can be used to:

Manage when and in what sequence work is done.

Assesses the value a project brings to an organization (3)

Benefit Cost Analysis Net Present Value Needs Assessment

A project manager has just been assigned to a new project and has been given the approved project charter. The FIRST thing the project manager must do is:

Confirm that all the stakeholders have had input to the scope.

Linear programming is an example of what type of project selection criteria?

Constrained optimization

A project manager in a predominantly hierarchical organization has been assigned a major project with aggressive timelines. The BEST approach for developing an initial project charter in this environment is to:

Create a project charter jointly with management for distribution to potential team members and stakeholders.

All of the following are correct statements about a project manager

He or she may initiate changes to the project. He or she manages changes and factors that create change. He or she is held accountable for project success or failure.

You are a new project manager who has never managed a project before. You have been asked to plan a new project. It would be BEST in this situation to rely on _______ during planning to improve your chance of success.

Historical Information

While preparing your risk responses, you realize that you have not planned for unknown risk events. You need to make adjustments to the project to compensate for unknown risk events. These adjustments are based on your past project experience when unknown risk events occurred and knocked the project off track. What should you do?

Include a management reserve in the budget to try to compensate for the unknown risks, and notify management to expect unknown risks to occur

What is one of the KEY objectives during contract negotiations?

Obtain a fair and reasonable price

A project manager has made a change to the project. What should she do NEXT?

Revise the project management plan and/or project documents

You are about to begin negotiations with people from another country. Which of the following should provide guidance on what business practices are allowed and not allowed?

The company code of conduct

A new project manager is having difficulty creating a WBS with the team. To alleviate this situation, the project manager should ask for help from:

The project management office