PMP_P5
E
A WBS is an input to all of the processes EXCEPT: A. Cost estimating B. Activity definition C. Cost budgeting D. Scope control E. Direct and manage project execution
E
Activity attributes identify multiple attributes associated with each schedule activity is an output of the activity definition process. All of the following are considered activity attributes EXCEPT: A. Activity identifier, activity codes B. Leads and lags, resource requirements, imposed dates C. Predecessor activities, successor activities, logical relationships D. Activity description, constraints and assumptions E. Schedule milestones
A
All of the following are constraints that can limit flexibility in human resource planning EXCEPT: A. Templates and checklists B. Organizational structure C. Economic conditions D. Collective bargaining agreements
C
All of the following should be included in the initial staffing management plan as part of human resource planning EXCEPT: A. Time frames for project team members B. Certifications and trainings need for team members C. Assessment of project team's performance D. Applicable government regulations, union contracts E. Criteria for rewards
B
All of the following situations will cause schedule activity duration estimates to directly influence the cost estimates ESCEPT: A. When the project budget includes cost of financing components B. When planned components and control accounts are not adequately defined in the WBS C. When union labor with regularly expiring collective bargaining agreements are involved D. When resources are applied per unit of time for duration of schedule activity E. When seasonal cost variations are involved
B
All of the following statements are true regarding cost-reimbursable contracts EXCEPT: A. cost-reimbursable contracts often includes incentives for meeting or exceeding project objectives B. cost-reimbursable contracts are used when there is little uncertainty regarding the project C. cost-reimbursable contracts generally carry the highest risks to the buyer, as the total costs are uncertain D. cost-reimbursable contracts are contracts that involves payments to the seller for actual costs, plus a fee representing the sellers profit
C
All of the following statements are true regarding the procurement management plan EXCEPT: A. The procurement management plan explains how multiples vendors should be managed B. The procurement management plan is an output of the plan purchase and acquisition C. The procurement management plan defines the statement of work which contains the details of the procurement item/ service in specific terms D. None of the statements are true
C
All of the following statements regarding Control Accounts are true EXCEPT: A. A control account is an assigned WBS level used to monitor cost and schedule performance of significant element of work. B. Control accounts are also referred to as cost accounts C. None of the choices are correct D. A control account is a management control point for cost summarization, scope description, and variance analysis and reporting. E. Each work package/ planning package may be associated with only one control account
B
All of the statements regarding control accounts and planning packages are true EXCEPT: A. Planning packages reflect a future segment of work within a control account that has not yet been decomposed into detailed work packages B. A control account is an assigned WBS level used to monitor cost and schedule performance of significant element of work C. As work becomes more clearly defined, planning packages are converted into work packages D. Each work package / planning package may be associated with only one control account E. Control accounts and planning packages are tools / techniques of activity definition process
D
One of your friends is a project manager at a computer security company. She is currently managing a project for the development of a NAC (network admissions control) appliance that uses the network infrastructure to enforce security policy compliance on all devices seeking to access network computing resources, thereby limiting damage from emerging security threats. Her project team has just completed the initial project budget identifies the communications requirements, and defined the work packages. Which of the following would you recommend as the NEXT BEST action to perform? A. Obtain acceptance of project deliverables B. Execute work defined in the project management plan C. Monitor performance of work packages D. Determine the quality standards E. Perform risk identification
D
Probability-impact matrix, risk data quality assessment, risk categorization, and risk urgency assessment are tool/ techniques of which process? A. Quantitative risk analysis B. Risk response planning C. Risk identification D. Qualitative risk analysis
C
Poor allocation of time and resources and inadequate quality of the project plan should be classified in which of the following risk categories? A. Force majeure risks B. Technical risks C. Project management risks D. External risks E. Organizational risks
D
Procurements audits are a tool/ technique of which of the following processes? A. Request Seller Responses B. Select Sellers C. Plan Purchases And Acquisition D. Contract Closure E. Contract Administration
B
Qualitative risk analysis requires accurate data as its input. Risk data quality assessment ranking is a technique to evaluate the degree to which the data regarding risks would be careful. Risk quality data assessment involves examining all of the following EXCEPT: A. Reliability and integrity of data B. Probability of the risks C. Extent of understanding of risk D. Data available about the risk E. Quality of eh data
C
Reserve analysis is a tool/ technique in all of the following processes EXCEPT: A. Activity duration estimating B. Cost estimating C. Schedule development D. Risk monitoring and control E. Cost budgeting
D
Subnetwork are a term used in reference with which of the following? A. Resource requirement B. Activity lists C. WBS D. Network templates
C
The risk management plan is a subset of the project management plan and describes how risk management should be performed. All of the following should be included in the risk management plan EXCEPT: A. P-l matrix B. Budgeting, timing, risk categories C. Risk register D. Methodology, roles and responsibilities E. Stakeholders tolerance, reporting formats
D
Which of the following are not the direct result of managing the team? A. Updating and staffing the management plan B. Developing input to performance appraisals C. Recording the lessons learned D. Identifying the recourse requirements E. Submitting change request and resolving issues
C
Which of the following are not tools/ techniques of the activity definition process? A. Expert judgment B. Rolling wave planning C. ADM, PDM D. Decomposition, templates E. Planning components
C
Which of the following are not used to create the scope baseline for a project? A. WBS dictionary B. WBS C. Performance reports D. Detailed project scope statement
C
Which of the following are the part of WBS dictionary except: A. Statement of work to be performed B. Code of account identified C. Activity attributes D. Who is responsible for the work E. Schedule milestone
A
Which of the following describes a hierarchically organized representation of identified project risks arranged by risk categories? A. RBS B. BOM C. OBS D. WBS
A
Which of the following describes the longest path through a project schedule network after resource leveling? A. Critical chain B. Late finish C. None of the choices are correct D. Critical path E. Late start
B
Which of the following is the MOST likely candidate for a three-point estimate? A. A schedule activity with a fixed duration B. A schedule activity with a considerable variation C. A well-understand schedule activity with little expected variation D. A brief schedule activity that takes a couple of hours
A
Which of the following process is used to identify project roles, responsibilities, and reporting relationships for project team member? A. Human resource planning B. Activity resource estimation C. Acquire project team D. Develop project team
C
Which of the following processes is involved with identifying which quality standards are relevant to the project and devising a plan on how to meet / satisfy these standards? A. Perform quality control B. None of the choices are correct C. Quality planning D. Perform quality assurance
D
Which of the following statement are FALSE regarding the probability impact matrix technique? A. The probability impact matrix specifies combinations of probability and impact that rank the risk as high, moderate and low priority B. Either descriptive terms or numeric rankings can be used to assign risk rankings to identified risks. C. In the probability impact matrix the probability and impacts of each risks are accessed against defined scale, and plotted on a two-dimensional grid. D. Opportunities and threats should not be evaluated in the same matrix concurrently. E. An organization can rate a risk separately for each objective (i.e. cost, time, scope)
B
Which of the following statements are FALSE regarding analogous estimating techniques? A. Analogous estimating is a form of expert judgment B. Analogous estimating is a tool and technique of activity definition process C. Analogous estimating uses the duration of a similar activity to determine the duration of current activity D. Analogous estimating is also called top-down estimating
C
Which of the following statements are FALSE regarding the CPM method? A. The latest start of the task can be determined by subtracting the duration of the task from the latest finish date of task B. The forward pass is used to calculate the early finish dates and early start dates for the uncompleted portions of all network activities C. Free slack is the amount of time one can delay the start of a particular task, without delaying the completion of the project. D. The backward pass is used to calculate the late finish dates and late start dates for the uncompleted portions of all network activities
B
Which of the following statements are FALSE regarding the activity duration estimating process? A. The risk register is an input to the activity duration estimating process B. Duration estimates should be as precise as possible, and hence a single specific duration value should be provided C. The duration estimates are progressively estimated D. Activity duration estimating involves estimating the number of work periods that will e needed to complete individual schedule activities E. The activity cost estimates are an input to the activity duration estimating process
D
Which of the following statements are FALSE? A. Analogous estimating is a form of expert judgment and is generally less accurate than other techniques, but is also costly. B. Cost aggregation and parametric estimation is a tool/ technique of cost budgeting process C. Parametric estimating is an estimating technique using project characteristics/ parameters to estimate the total project costs D. Cost aggregation is used to ensure that the expenditure of funds is reconciled with the funding limits imposed by the performing organization
E
Which of the following statements is MOST true regarding Activity A, considering the following table?
B
Which of the following statements is true regarding PDM (precedence diagramming techniques)? A. PDM often uses the start-to-start relationship B. PDM often uses the finish-to-start relationship C. PDM often uses the finish-to-finish relationship D. PDM often uses the start-to-finish relationship
C
Which of the following statements most accurately describes the difference between plan purchases and acquisitions and plan contracting? A. Plan purchases and acquisitions involves documenting product requirements and identifying potential sources, while plan contracting involves obtaining quotation, bids, offers, and proposals B. Plan purchases and acquisitions involves documenting product requirements and identifying potential sources, while plan contracting is determined what to procure C. Plan purchases and acquisitions involves determined what to procure, while plan contracting involves documenting product requirements and identifying potential sources D. None of the choices are correct
C
Which of the following statements regarding risk register is FALSE? A. The risk register contains the results of qualitative risk analysis, quantitative risk analysis, and risk response planning B. The risk register is a component of the project management plan C. The lowest level of the RBS can be used as the risk register D. The risk register provides information on risks regarding the probability of occurring, impact on objectives, proposed responses, owners and status E. The risk register describes all identified risks, along with their description, category, and cause
D
Which of the statements regarding the WBS is FALSE? A. A WBS from a previous project can often be used as a template for a new project B. To identify the major deliverables of the project requires analyzing the detailed project scope statement C. Different deliverables in the WBS can have different level of decomposition D. The work activity is the lowest level of the WBS and is the point at which the cost and schedule for the work can be reliably estimated E. The WBS is an output of the create WBS process
A
With respect to management planning, timing defines how often risk management process should be performed throughout the project lifecycle. Which of the following is the key factor affects timing? A. Timing should allow results to be developed early enough to affect decisions B. Timings should be determined by the budget and cost of the project C. Timings should be determined by the organization's risk management policies D. Timings should be determined by the size of the project E. Timings should be determined by the criticality of the project
B
With respect to risk management planning, timing defines how often risk management processes should be performed throughout the project lifecycle. Which of the following is the key factor affecting timings? A. Timing should be determined by the criticality of the project B. Timing should allow the results to be developed early enough to affect decisions C. Timing should be determined by the budget and cost of project D. Timing should be determined by the size of project E. Timing should be determined by the organization's risk management policies
D
You are a project manager at day-old donuts, a rapidly growing franchise selling premium donuts at a discount. Currently your company is planning for opening new stores throughout the United States. You have been asked to open a store in Manhattan, New York. Construction on a new store is about to begin. You have determined the dependencies between activities on a project. One of the activity dependencies is that the trusses on the building must be installed prior to the installation of the roofing. Which of the following is true? A. This is an example of soft logic B. This start-to-finish relationship C. This is an example of discretionary logic D. This is finish-to-start relationship
D
You are a project manager for a company that publishes children books. Five years ago, your company purchased a sophisticated printing press capable of high-volume production. The company originally purchased the printing press for $500,000. However, printing press's current book value is $200,000. The $200,000 book value is best considered a: A. Direct cost B. Indirect cost C. Fixed cost D. Sunk cost E. Variable cost
C
You are currently in the process of prioritizing risks by their impact and probability of occurrence. The risk register updates from this process include all of the following EXCEPT: A. Low priority risks B. Risks requiring responses in the near term C. Risk reassessments D. Risk group by categories E. Priority list of project risks
D
You are currently on a 3-week vocation in Australia. You've decided to rent a car as your means of transport around the country. Driving in a foreign country can be potentially a risky activity as you are unfamiliar with the terrain. Hence, the probability of being involved in an accident is higher. You are very concerned with regards to the financial liability incurred if you were involved in an accident. As a project manager, you are aware of various techniques used to respond to understand risks. You would like to apply your risk management knowledge to reduce the risks associated with your driving. Which of the following is the BEST example of risk transference? A. Be extra careful while driving defensively B. Avoid driving, use public transportation instead C. Accept the risk associated with driving D. Buying auto insurance
B
You are in the 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 the risk management plan B. The tools/ techniques of this process are checklist analysis and diagramming techniques C. The inputs to this process include the project scope statement and project management D. You are in the risk management planning process
E
You are in the process of developing an approved project schedule that will serve baseline against which the project can be tracked. All of the following can be following are required as part of schedule development EXCEPT: A. Reserves B. Network diagram C. Leads and lags D. Resource calendars E. Performance measurements
E
You are in the process of numerically analyzing the effects of identified risks. Which of the following is the LEAST helpful input? A. Risk register B. Risk management plan C. Project schedule management plan D. Project scope statement E. Risk related contractual agreements
D
You are involved in monitoring specific project results to determine whether they comply with relevant quality standards. You are suing the control chart to illustrate how the process is behaving over time. You have constructed your control chart and that all data points are within upper and lower control limits of chart. In addition, seven consecutive data points re observed, to be on one side of the mean. Which of the following is your BEST plan of action? A. Compare results from the last quality management plan B. No additional action is needed, as the process is within control C. Adjust the mean based on the observed data points D. Identify the special cause variation
D
You are taking over a project from another project manger during the project planning process. You've identified that your project team has already created the WBS, developed estimates for work packages, and sequenced the project activities using the arrow diagramming method. In addition, your team has applied schedule network analysis techniques to create the project schedule. Which action should be performed NEXT? A. Obtain acceptance of completed project scope B. Decompose the work packages into smaller components called schedule activities C. Develop activity resource requirements D. Obtain approval of schedule E. Initiate schedule change control
D
You are using the three-point estimating technique to estimate the duration of a schedule activity. You are given the following data: [Pessimistic=100days] | [optimistic=40days] | [most likely=65 days] Which of the following statements are true? A. The beta distribution gives a more pessimistic and more conservative value for the mean compared to the triangular distribution B. Although the triangular distribution gives a more pessimistic value for the mean, it gives an estimate with smaller uncertainty compared to the beta distribution C. The triangular distribution gives a more optimistic and more aggressive value for the duration mean compared to the beta distribution. D. The beat distribution gives an estimate with smaller uncertainty compared to the triangular distribution
A
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 120 days. The task must be completed within 300 days, while the expected completion is between 220 days. The latest finish date is 290 days. Based on this information, what is the latest start time of this task? A. 170 B. 300 C. 120 D. Not enough information is provided E. 290
E
You've been hired as a project manager for a local community college. The community college wants you upgrade the hardware for each of its web servers, and install the necessary security patches for each web- server. 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. Activity lists B. Activity attributes C. Resource availability D. Project management plan E. Resource breakdown structure
