Exam PMP by Test Killer

Question 1 You are in process of identifying and documenting the project roles and responsibilities and create staffing management plan. All of the following should be addressed when listing the roles and responsibilities EXCEPT: A. Competency B. Authority C. Responsibility D. Compliance E. Role

D. Compliance

Question 31 Three-point estimates are based on determining three types of estimates. Which of the following is NOT one of these estimates? A. Most likely B. Conservative C. Pessimistic D. Optimistic

B. Conservative

Question 6 Which of the following can be used to determine what work is included in each work package for each of your team members? A. None of the choices are correct B. WBS dictionary C. RBS D. Project scope statement E. Project schedule

B. WBS dictionary

Question 14 Which of the following describes tool/ technique where expenditure of funds is reconciled with the funding limits imposed by the performing organization? A. Forecasting B. Cost reconciliation C. Funding limit reconciliation D. Reserve reconciliation E. Cost aggregation

C. Funding limit reconciliation

Question 50 The risk register is an input to all of the following processes EXCEPT: A. Risk response planning B. Risk monitoring and control C. Risk identification D. Qualitative risk analysis E. Quantitative risk analysis

C. Risk identification

Question 44 All of the following should be included in the initial staffing management plan as part of Human Resource planning EXCEPT: A. Release criteria, recognition and rewards B. Compliance C. Work performance information D. Safety, training needs E. Staff acquisition, timetable

C. Work performance information

Question 22 You are the project manager at a manufacturer of electronic components. Your company had been a long time market leader in electronic components distribution industry. However, in recent years, the Internet has transformed the competitive landscape. As a result company's market share has been eroding. Hence, your current project involves implementing the company's internet strategies to best exploit these altered dynamics and increase the company's market share. You commit to completing the project deliverables by this date. Which of the following BEST describes why this is the INCORRECT way to estimate the schedule? A. A network diagram should have been used to produce the estimates. B. The estimates should have been created by management. C. The estimates should have accounted for the market dynamics and timing requirements. D. The project sponsor should have been actively involved in producing the estimates.

A. A network diagram should have been used to produce the estimates.

Question 27 All of the following statements are true regarding the Activity Sequencing / Activity Duration Estimation process EXCEPT: A. Activity duration estimates should specify a single, specific duration, and NOT a range of durations B. Analogous estimation is a form of expert judgment that is used as a tool / technique in activity duration estimation C. Precedence diagramming methods are tools/ techniques of activity sequencing process D. Activity duration estimates are an output of activity duration estimates.

A. Activity duration estimates should specify a single, specific duration, and NOT a range of durations

Question 19 All of the statements regarding control accounts and planning packages are true EXCEPT: A. Control accounts and planning packages are tools / techniques of Schedule Development process. B. A control account is an assigned WBS level used to monitor cost and schedule performance of significant element of work. C. Planning packages reflect a future segment of work within a control account that has not yet been decomposed into detailed work packages. D. As work becomes more clearly defined, planning packages are converted into work packages.

A. Control accounts and planning packages are tools / techniques of Schedule Development process.

Question 29 You are the project manager responsible for developing a new hybrid engine for a major auto manufacturer. You are in process of developing the project schedule. In order to manage the uncertainty associated with the project schedule, you intend to do the following: (a) use average task duration estimates; (b) schedule backwards from the date a project is needed (to ensure work that needs to be done is done, and it is done only when it is needed; (c) place aggregate buffers in the project plan to protect the entire project and the key tasks; and (d) use buffer management to control the plan. Which of the following BEST describes the technique you are using? A. Critical chain method B. Resource leveling C. Decision tree analysis D. Monte Carlo analysis E. Critical path method

A. Critical chain method

Question 37You are in process of identifying and documenting project risks. You are using various information gathering techniques to identify the project risks. All of the following are information gathering techniques EXCEPT: A. Diagramming techniques B. SWOT analysis C. Root cause identification D. Delphi techniques E. Interviewing

A. Diagramming techniques

Question 17 You have been hired as a project manager for a small local bank. The banks wants you to design and develop custom online bill pay software so that its customers can pay their bills online. You are ready to begin the activity definition of your project. You have identifies the scope statement, the WBS, and talked with the SME's. In addition, for security reason, you have been informed that project team members must NOT have criminal history with the FICO score of 700 or above. In addition you've requested that the bank purchase the necessary transaction processing software, although the software is not yet available. What else do you need before you begin activity definition? A. Identify the historical information on previous projects B. Identify the activity attributes C. Identify the constraints and assumptions of the project D. Identify the activities lists E. Identify the milestone list

A. Identify the historical information on previous projects

Question 28 Your project team has already created the WBS, developed estimates for the work packages, and sequenced the project activities using the arrow diagramming method. In addition, your team has applied resource leveling and schedule compression techniques on the project schedule. Which actions should be performed NEXT: A. Obtain approval of schedule B. Decompose the work packages into smaller components called schedule activities C. Develop activity resource requirements D. Initiate schedule change control E. Obtain acceptance of completed project scope

A. Obtain approval of schedule

Question 52 Assumptions analysis, checklist analysis, and risk diagramming techniques are tools/ techniques of which of the following processes? A. Risk identification B. Qualitative risk analysis C. Risk management planning D. Quantitative risk analysis E. Risk monitoring and control

A. Risk identification

Question 45 You have been recently assigned to provide an accurate project schedule for a large construction company. Your lead engineer has given you the following estimates for several critical path activities. Your stakeholders want you to commit to a completion date for these critical path activities. Which of the following statements are true? A. There is approx. 68 percent chance that the project will complete between 64 days and 78 days. B. There is approx. 95 percent chance that the project will complete between 64 days and 78 days. C. There is approx. 68 percent chance that the project will complete between 57 days and 85 days. D. There is approx. 99 percent chance that the project will complete between 64 days and 78 days.

A. There is approx. 68 percent chance that the project will complete between 64 days and 78 days.

Question 42 Which of the following statements regarding WBS is false? A. To identify the major deliverables of the project requires analyzing the preliminary project scope statement B. The work package is the lowest level in the WBS C. A WBS from a previous project can often be used as a template for a new project D. Different deliverables in the WBS can have different levels of decomposition E. The WBS is an outcome of the Create WBS process

A. To identify the major deliverables of the project requires analyzing the preliminary project scope statement

Question 15 Which of the following situations will cause schedule activity duration estimates to directly influence the cost estimates EXCEPT: A. When resource cost rate information is unavailable from commercial databases B. When resources are applied per unit of time of duration of schedule activity C. When union labor with regularly expiring collective bargaining agreements are involve D. When seasonal cost variations are involve E. When project budget includes interest rate changes

A. When resource cost rate information is unavailable from commercial databases

Question 55 You have been recently assigned to provide an accurate project schedule for a large construction company. You are evaluating the network diagrams for the construction project, and are using backward pass calculations to construct the schedule. You are trying to calculate the latest start time for laying the foundation of building. The expected duration for this task is 180 days. The task must be completed within 300 days, while the expected completion is between 220 days. The latest finish date is 270 days. Based on this information, what is the latest start time of this task? A. 270 B. 90 C. 220 D. 300 E. 180

B. 90

Question 2 Reserve analysis is a tool /technique in all of the following processes EXCEPT: A. Cost budgeting B. Activity resource estimation C. Risk monitoring and control D. Activity duration estimation E. Cost estimation

B. Activity resource estimation

Question 20 Reverse analysis is a tool/ technique in all of the following processes EXCEPT: A. Risk monitoring and control B. Activity resource estimation C. Cost estimation D. Cost budgeting

B. Activity resource estimation

Question 23 Reverse analysis is a tool/ technique in ll of the following processes EXCEPT: A. Risk monitoring and control B. Activity resource estimation C. Cost estimation D. Cost budgeting E. Activity duration estimation

B. Activity resource estimation

Question 12 Planning components are tools/ techniques of the Activity Definition Process. Which of the following are planning components? A. Rolling wave planning, decomposition B. Control account, planning package C. Milestone list, schedule network templates D. Control package, planning account

B. Control account, planning package

Question 48 You are the project manager responsible for developing a new online line bill payment system for a utility company. You are expected to complete the project within the next year. You are currently in the process of identifying and evaluating a number of risks quantifying their impacts and identifying their probability of occurrence. You would like to use a tool that will determine the highest expected value for the various scenarios. Which of the following tools should you use? A. Monte Carlo simulation B. Decision tree analysis C. Ishikawa diagrams D. Critical path method E. Risk Data Quality Assessment

B. Decision tree analysis

Question 51 You are currently in the process of analyzing activity sequences, duration, resource requirements, and schedule to create the project schedule. Which of the following are not tools/ techniques you can use? A. Crashing, fast-tracking B. Estimating the basis of activity duration by multiplying the quantity of work to be performed by the productivity rate. C. Reallocating resources from non-critical to critical activities D. Calculating theoretical early start/finish dates and late start/finish dates by performing a forward pass and backward pass analysis on project schedule network paths. E. Applying project calendars and resource calendars to identify periods when work and resource is available/allowed.

B. Estimating the basis of activity duration by multiplying the quantity of work to be performed by the productivity rate.

Question 30 Which of the following process involves determining project roles, responsibilities, and reporting relationships, and develops the staffing management plan? A. Manage project team B. Human resource planning C. Develop project team D. Acquire project team

B. Human resource planning

Question 38 Which of the following statements are FALSE regarding Monte Carlo analysis? A. Monte Carlo is used to determine potential project outcomes by simulating the project under different scenarios B. Monte Carlo analysis used expected value (EV) calculations as one of its inputs C. Monte Carlo analysis can be used during the Schedule Development and Quantitative Risk Analysis process D. Monte Carlo is simulation technique that can help quantify risks associated with the project

B. Monte Carlo analysis used expected value (EV) calculations as one of its inputs

Question 5 Which of the following statements are TRUE regarding various Activity Scheduling tools? A. PDM allows for conditional branching and iteration of activities B. PDM uses activity-on-node (AON) diagramming method. C. PDM allows for conditional branching and iteration of activities D. PDM uses analogous methods as an estimation technique.

B. PDM uses activity-on-node (AON) diagramming method.

Question 56 Which of the following best describes resource leveling? A. Adding additional resources to the project to compress the schedule B. Rearranging resources so that a constant number of resources are used during each period C. Performing activities concurrently D. Influencing factors that create schedule changes

B. Rearranging resources so that a constant number of resources are used during each period

Question 13 You are in process of numerically analyzing the effects of identified risks. Which of the following are NOT tools/ techniques you can use in the process? A. Sensitivity analysis B. Reserve analysis C. Expected monetary value analysis D. Modeling and simulation E. Decision tree analysis

B. Reserve analysis

Question 3 Which of the following are NOT outputs of the Activity Duration Estimation process? A. Activity Duration Estimates B. Schedule baseline C. None of the choices are correct D. Updates to activity attribute

B. Schedule baseline

Question 43 Roger works for a manufacturer of automotive engines. He has been recently assigned to supervise and mange the manufacturing of a new model of diesel engine. He informs \roger that his new assignment will be to have 500 units of the new diesel engine manufactured in 60 days. Roger is currently in the process of analyzing activity sequences, activity durations, and resource requirements in order to develop the project schedule. Which of the following processed is Roger performing? A. Activity duration estimation B. Schedule development C. Activity sequencing D. Activity duration E. Activity resource duration

B. Schedule development

Question 39 You are currently the project manager at rapidly growing retailer of high-end electronics equipment. You have been tasked with the project of expanding business. You are currently evaluating opening retail stores in one of three US-based locations: New York, Seattle, San Francisco. You have been told that the San Francisco market has smaller market potential, but higher probability of success. On the other hand, the New York market has a larger market potential but lower probability of success. And the Seattle market is in between. Your project manager has given you the following forecast. Which of the flowing opportunity is the BEST choice? A. Either New York or San Francisco B. Seattle C. New York D. San Francisco

B. Seattle

Question 47 You are in process of defining how to plan and execute the risk management activities for your project. Which of the following statements are false? A. The output of this process is risk management plan B. The inputs to this process includes the project scope statement, project management plan, and the risk register C. The tools/ techniques of this process are planning meetings and analysis D. None of the choices are correct

B. The inputs to this process includes the project scope statement, project management plan, and the risk register

Question 21 Your project sponsor has asked you to produce a Risk Management Plan for your current project. Which of the following best describes how you should tailor the plan to your project? A. The plan must include the predefined risk management policies as they relate to the organization B. The plan must ensure that the level of details and risk management efforts are commensurate with the level of risk and importance of the project C. The plan must be predefined templates as defined by the organization D. The plan must include the predefined roles and responsibilities as they relate to risk management.

B. The plan must ensure that the level of details and risk management efforts are commensurate with the level of risk and importance of the project

Question 60 Which of the following statements are true regarding the procurement management plan? A. The procurement management plan defines the statement of work which contains the details of the procurement item/ service in specific terms B. The procurement management plan explains how multiples vendors should be managed C. None of the statements are true D. The procurement management plan is an output of the plan Contracting process

B. The procurement management plan explains how multiples vendors should be managed

Question 8 Which of the following statements are FALSE regarding Expected Monetary Value Analysis (EMV)? A. EMV is a statistical concept that calculates the average outcome of project outcomes based on various assumptions and scenarios. B. Decision tree analysis is a type of EMV analysis C. EMV is a tool/ technique of Qualitative Risk Analysis D. EMV is calculated by multiplying the value of each possible outcome by its probability of occurrence, and summing them together

C. EMV is a tool/ technique of Qualitative Risk Analysis

Question 18 You are the project manager at a software company developing the next-gen OODBMS (Object Oriented Data Base Management System). As software development can be very chaotic, your company has elected to follow a more rigorous approach to software development. Specifically your company has chosen to adopt the extreme programming XP methodology for your current software project. The XP methodology is highly iterative, and produces numerous deliverables include UML diagrams, architecture diagrams, prototypes and test-cases. Assume you are in the Activity Sequencing phase of the project. Which of the following sequencing methods should you use to identify the logical relationships between tasks, so that the activities can be sequenced correctly? A. ADM B. PDM C. GERT D. AOA

C. GERT

Question 57 You are the project manager assigned to install the electrical wiring for a 20,000 square foot office building that is currently under construction. You are trying to estimate the costs of this project. You know from past experience that is costs approximately $3 per square foot to properly wire and entire building. As your building will be 20,000 square feet you estimate that the project will cost approximately $60,000. What type of estimating technique did u used? A. Bottom-up estimating B. ADM C. Parametric estimating D. Cost-based E. Monte-Carlo methods

C. Parametric estimating

Question 25 You have been hired as a project manager for a small local bank. The bank wants you to design and develop custom online bill pay software so that its customers can pay their bills online. You are ready to begin the Activity Resource Estimation process for your project. Which of the following would you NOT consider when developing the activity resource requirements document? A. Resource availability B. Project management plan C. Resource breakdown structure D. Activity list E. Activity attributes

C. Resource breakdown structure

Question 7 Which of the following statements are FALSE regarding rolling wave plan? A. Rolling Wave Planning is a phased iterative approach to project development B. Rolling Wave Planning is a cost and schedule planning technique used in the Activity Definition process C. Rolling Wave Planning is the process of decomposing each work package within the WBS into the corresponding schedule activities required to produce the work package deliverables D. Rolling Wave Planning describes a form of progressive elaboration planning where the work to be performed in the near time is planned in detail at a low level of the WBS, while work far in future is planned for WBS components that are relatively at a high level of WBS.

C. Rolling Wave Planning is the process of decomposing each work package within the WBS into the corresponding schedule activities required to produce the work package deliverables

Question 36 Which of the following are NOT outputs of the activity duration estimating process? A. Updates to activity attributes B. None of the choices are correct C. Schedule baseline D. Activity duration estimates

C. Schedule baseline

Question 46 Which of the following are NOT tools/ techniques of the Plan Contracting Process? A. None of the choices are correct B. Expert judgment C. Screening systems D. Standard forms

C. Screening systems

Question 24 Monte Carlo analysis is a form of what type of analysis? A. Critical path method B. Schedule compression C. What-if scenario analysis D. Resource-leveling E. Critical chain method

C. What-if scenario analysis

Question 16 Which of the following statements are FALSE regarding cost-reimbursable contracts? A. cost-reimbursable contracts generally carry the highest risks to the buyer, as the total costs are uncertain B. cost-reimbursable contracts often includes incentives for meeting or exceeding project objectives C. cost-reimbursable contracts resemble fix unit agreements when the unit rates are preset by the buyer and seller D. cost-reimbursable contracts are contracts that involves payments to the seller for actual costs, plus a fee representing the sellers profit

C. cost-reimbursable contracts resemble fix unit agreements when the unit rates are preset by the buyer and seller

Question 33 Which of the following processes involves allocating cost estimates in order to establish a cost baseline for measuring project performance? A. Cost estimating B. Cost control C. Activity cost estimating D. Cost budgeting

D. Cost budgeting

Question 58 You have been recently hired to be a project manager at a bio-tech company to develop a new drug to treat pancreatic cancer. The drug has been under development and clinical testing for past 5 years. The FDA is currently reviewing the clinical data in order to determine weather the drug has any serious side effects. If the FDA does NOT approve the drug, the project will be in trouble. This is an example of which type of risks? A. Organizational risk B. Fore majeure risk C. Project management risk D. External risk E. Internal risk

D. External risk

Question 32 Which of the following statements are FALSE regarding project funding requirements? A. Funding requirements are derived from cost baselines B. Portions of management reserve can be include in each funding step C. The total funds required are the cost baseline plus the management contingency reserve amount D. Funding usually occurs in incremental amounts that are continuous, and hence appears as S-shaped curves E. Management reserves are not par of the project cost baseline, but are included in the budget for the project.

D. Funding usually occurs in incremental amounts that are continuous, and hence appears as S-shaped curves

Question 34 Which of the following statements are TRUE regarding various activity scheduling tools? A. ADM allows for conditional branching and iteration of activities B. PDM allows for conditional branching and iteration of activities C. PDM uses analogous methods as an estimation technique D. PDM uses activity-on-node (AON) diagramming methods

D. PDM uses activity-on-node (AON) diagramming methods

Question 41 Supporting details for activity cost estimates should include all of the following EXCEPT: A. Range of possible estimates B. Description of project scope of work C. Documentation of constraints and assumptions D. Performance measurements E. Documentation of how the estimates were development

D. Performance measurements

Question 59 Which of the following are NOT used to create the scope baseline for a project? A. Detailed project scope statement B. WBS C. WBS dictionary D. Project scope management plan

D. Project scope management plan

Question 35 Which of the following are NOT inputs to the risk identification process? A. Historical information B. Risk categories C. Risk management plan D. Risk thresholds

D. Risk thresholds

Question 53 Which of the following statements are FALSE regarding CPM method? A. The backward pass is used to calculate the late finish dates and late start dates for the uncompleted portions of all network activities. B. The latest start of the task can be determined by subtracting the duration of the task from the latest finish date of task. C. The forward pass is used to calculate the early finish dates and early start dates for the uncompleted portions of all network activities. D. The float /slack time is determine by subtracting the early start date from the early finish date.

D. The float /slack time is determine by subtracting the early start date from the early finish date.

Question 49 The CPM calculates the earliest start date, earliest finish date, and latest finish date for each activity. Which of the following statements are true regarding the critical path of a project schedule? A. The float/slack time is determined by subtracting the early start date from the early finish date B. Any project activity with the slack time of zero or greater is considered a critical path tasks C. None of the statements are true D. The float/slack time is determined by subtracting the early start date from the finish date

D. The float/slack time is determined by subtracting the early start date from the finish date

Question 4 Which of the following statements are FALSE regarding the project scope management plan? A. The project scope management plan describes how the project scope will be defined and managed by the project scope management team B. The project scope management plan specifies how formal verification C. The project scope management plan is contained within the project management plan. D. The project scope management plan identifies the influence and interest of the stakeholders and documents their expectations E. The project scope management plan is an output of the Scope Planning process

D. The project scope management plan identifies the influence and interest of the stakeholders and documents their expectations

Question 11 You are in process of developing an approximation of the costs of resources needed to complete each schedule activity. Which of the following is the LEAST helpful input? A. WBS, WS dictionary B. Market place conditions, commercial databases C. Cost estimating policies/ templates, historical information, project team knowledge D. Schedule management plan, staffing management plan, risk register E. Activity cost estimates, activity cost estimate supporting detail

E. Activity cost estimates, activity cost estimate supporting detail

Question 9 Which of the following describes a group of elated schedule activities aggregated at some summary level, displayed reported as a single activity at summary level? A. Work activity B. Control account C. Planning package D. Milestone activity E. Hammock activity

E. Hammock activity

Question 26 A project schedule can be presented in various formats. All of the following are valid formats of the project schedule EXCEPT: A. Activity-on-node diagram B. Logic bar chart C. Time-scaled schedule network diagram D. Milestone charts E. Flow charts

E. Flow charts

Question 40 You are in process of developing an approved project schedule that will serve as a baseline against which the project can be tracked. Which of the following is needed in order to complete schedule development? A. Requested changes B. Performance measurements C. Approved change request D. Schedule change control systems E. Reserves

E. Reserves

Question 10 Which of the following are NOT tools/ techniques of the Activity Definition Process? A. Expert judgment B. Decomposition, templates C. Rolling wave planning D. Planning component E. Schedule network templates

E. Schedule network templates