PMP study guide bonus questions

This process is where start and finish dates for your project activities are determined and activity sequences and durations are finalized. Some of the inputs to this process include calendars, lead and lags, and activity attributes. Which process is this question describing? A. Develop Schedule B. Sequence Activities C. Estimate Activity Duration D. Estimate Activity Resources

A.

Each of the following is an element of the cost management plan except which one? A. Level of accuracy B. Reporting formats C. Units of measure D. Cost aggregation method

D. Cost aggregation method

The difference between the funding requirements and the cost performance baseline at the end of the project is known as which of the following? A. Cost threshold B. Contingency reserve C. Cost aggregation D. Management reserve

D.

You are calculating PERT times for a programming activity on your project. Your lead programmer said the earliest possible completion time would be 200 days. The most likely time is 280 days and the longest it might take is 330 days. What is the expected value? A. 235 B. 300 C. 203 D. 275

D. 275

Which of the following mathematical analysis techniques calculates the earliest start and finish date and the latest start and finish date? A. GERT B. Duration compression C. PERT D. CPM

D. CPM

Project selection methods are used to help choose and prioritize between projects, or determine if a project is worth pursuing. Which of the following describe the selection methods you might use during the Initiation process? A. Constrained optimization methods, which use analysis and comparative approaches, and benefit measurement methods, which are mathematical formulas B. Mathematical analysis methods, which use mathematical formulas, and benefit/cost analysis, which uses analysis and comparative approaches C. Mathematical analysis methods, which use mathematical formulas, and benefit/cost analysis which uses mathematical formulas D. Constrained optimization methods, which are mathematical formulas, and benefit measurement methods, which use analysis and comparative approaches

D. Constrained optimization methods, which are mathematical formulas, and benefit measurement methods, which use analysis and comparative approaches

You are a project leader responsible for upgrading and installing three of your company's servers. Because of your expertise, you are also responsible for answering and resolving escalated calls from the help desk. What type of organization do you work in? A. Weak Matrix B. Project-based C. Functional D. Balanced Matrix

A.

You are a project manager for a pharmaceutical company. You are responsible for acquiring and assigning resources to your projects and for making all of the day-to-day decisions regarding project issues. You report to a manager who also manages four other project managers. What type of organizational structure is this? A. Strong Matrix B. Balanced Matrix C. Functional D. Weak Matrix

A.

You are the project manager responsible for customizing and installing your company's software at the client site. You've completed the Initiation process and are now working on the Planning processes. This project has a completion date of December 1. You've penciled in Kathy as the lead programmer for this project. She is tentatively scheduled to work on this project starting July 1 and ending November 4. She and her manager have always agreed to work on your projects in the past. This is an example of: A. An assumption because you have not yet checked on Kathy's availability B. A constraint because Kathy must work between the dates assigned in order to complete the project by December 1 C. A constraint you've identified during the Resource Planning process D. An assumption you've made during the Resource Planning process

A.

This cost estimating technique is a form of expert judgment and is one of the least accurate cost estimating techniques. A. Analogous estimating B. Bottom-up estimating C. Parametric estimating D. Three-point estimating

A. Analogous estimating

These people are often the first assigned to a project and they are usually engaged in the business case or feasibility phase before the project even gets to the Initiating processes. They are involved in the processes associated with gathering, tracking, recording, analyzing, controlling requirements, and solution evaluation. What role does this describe? A. Business analyst B. Scrum master C. Product owner D. Project sponsor

A. Business analyst

Which of the following is used during the Project Cost Management Knowledge Area to monitor and control project costs? It is used to calculate earned value performance measures and consists of factors such as actual cost, schedule, and scope. A. Control account B. Code of accounts C. Chart of accounts D. Control thresholds

A. Control account

Your project sponsor has approached you and asked if there is any way you can speed up the project. Due to some unique marketing opportunities, the organization stands to increase profits dramatically if you can finish this project ahead of schedule. After some analysis, you inform the project sponsor that you will be able to finish the project ahead of schedule provided you can hire an outside vendor to complete the activities associated with some of the WBS elements. This will increase the cost of the project by $115,000. The sponsor agrees to pay the additional cost. What is this an example of? A. Crashing, which is a compression technique used during the Schedule Development process B. Fast tracking, which is a compression technique used during the Estimate Activity Duration process C. Crashing, which is a compression technique used during the Estimate Activity Duration process D. Fast tracking, which is a compression technique used during the Develop Schedule process

A. Crashing, which is a compression technique used during the Schedule Development process

You've progressed through the risk processes and are now ready to determine what impact the risks that you've identified will have on the project and the probability they'll occur. Using tools and techniques such as risk probability and impact assessment (part of the data analysis tool and technique) and probability and impact matrix (part of the data representation tool and technique) will help you create the risk register and overall risk ranking for the project. What process are you in? A. Perform Qualitative Risk Analysis B. Identify Risk C. Perform Quantitative Risk Analysis D. Plan Risk Responses

A. Perform Qualitative Risk Analysis

Define Activities involves decomposing the work package levels into units of work called what? A. Schedule activities B. Activities C. Tasks D. Code of accounts

A. Schedule activities

You are performing Perform Quantitative Risk Analysis and are using a tool and technique that is a quantitative method of analyzing the potential impact of risk events. This tool can also be used to determine stakeholder risk tolerance levels. What tool and technique is this question referring too? A. Sensitivity analysis B. Decision tree analysis C. Simulation D. Risk probability and impact

A. Sensitivity analysis

Your company is introducing a new product for the holiday season. This new product will be offered on the company web site and in the mail order catalog. You will use incremental steps to help you refine the characteristics of the product. Which of the following will you perform to determine the characteristics and features of the new product? A. Iteration B. Progressive elaboration C. Earned value analysis D. Requirements analysis

B.

Cost estimating techniques are not useful when using this type of life cycle approach. You need high-level, quick estimates due to the changing nature of the requirements. A. Predictive B. Agile C. Hybrid D. Waterfall

B. Agile

This document, an input to the Develop Project Charter process, outlines the intended benefits of performing the project, how the benefits will be measured, and how they will be obtained. A. Feasibility study B. Benefits management plan C. Project charter D. Business case

B. Benefits management plan

This tool and technique of Estimate Costs generally provides the most accurate estimate. A. Analogous estimating B. Bottom-up estimating C. Three-point estimating D. Parametric estimating

B. Bottom-up estimating

Your project requires the manufacturing of a component part that will be installed into the final product. You've hired an external vendor to produce these parts for your company. The component part has specific measurable dimensions and must be manufactured to these exact specifications or your final product will not work as expected. You've also requested they deliver exactly 75 of these parts by May 31. Which of the following have you defined for the vendor? A. Requirements, because you've described specific results, outcomes, and due dates that are measurable and verifiable B. Deliverables, because you've described specific results, outcomes, and due dates that are measurable and verifiable C. Constraints, because the vendor's product must precisely meet your specifications or it won't work with the final product D. Assumptions, because the vendor's product must precisely meet your specifications or it won't work with the final product

B. Deliverables, because you've described specific results, outcomes, and due dates that are measurable and verifiable

These strategies are used to deal with threats. A. Escalate, avoid, exploit, share, enhance B. Escalate, avoid, transfer, mitigate, accept C. Share, exploit, enhance, escalate, accept D. Exploit, transfer, mitigate, escalate, share

B. Escalate, avoid, transfer, mitigate, accept

You've calculated the critical path for your upcoming project. You know that which of the following is true regarding the critical path? A. It's determined using expected value. B. It's the longest full path on the project. C. It's made up of tasks with float time greater than zero. D. It allows for conditional looping and branching.

B. It's the longest full path on the project.

This method of constructing the schedule in an Agile methodology is known as on-demand scheduling. It balances the work against the available resources or available capacity. It is known as which of the following? A. Sprint B. Kanban C. Backlog D. Fist to five

B. Kanban

This tool and technique produces schedule projections and probabilities. It estimates critical path duration estimates and float time by simulating multiple activity durations many times to come up with the schedule projections and their probabilities. What technique is this? A. Parametric modeling B. Monte Carlo Analysis C. Design of experiments D. PERT

B. Monte Carlo Analysis

The four logical relationships known as: finish to start, start to finish, start to start, and finish to finish are used in which of the following diagramming methods? A. GERT B. PDM C. CPM D. ADM

B. PDM

This component of the risk register update output of the Perform Quantitative Risk Analysis process contains the forecasted results of the project schedule and project costs. The results also include projected completion dates and costs. Each of these results has a confidence level associated with it. Which output is this question describing? A. Prioritized list of quantified risks B. Probabilistic analysis of the project C. Probability of achieving the cost and time objectives D. Trends in quantitative risk analysis results

B. Probabilistic analysis of the project

According to the PMBOK Guide, this document helps assure business value is realized when the project is complete. A. Scope statement B. Requirements traceability matrix C. WBS D. Requirements management plan

B. Requirements traceability matrix

Project constraints and assumptions are two of the pieces of information contained in this Develop Schedule output. Milestones, schedule activities, and activity attributes may also be included in which of the following? A. Project management updates B. Schedule data C. Project schedule D. Schedule baseline

B. Schedule data

Project acceptance criteria, deliverables, project exclusions, constraints, and assumptions are all documented in which of the following? A. Project charter B. Scope statement C. Communications plan D. Project management plan

B. Scope statement

All of the following are true regarding the Determine Budget process except: A. It assigns cost estimates to the project activities. B. The cost baseline plots the sum of estimated costs in a linear graph. C. Estimates in the cost baseline are used to measure variances and performance later in the project. D. The cost baseline, once established, is the expected cost for the project.

B. The cost baseline plots the sum of estimated costs in a linear graph.

Your team has 7 members including yourself. How many lines of communication are there among the members? A. 7 B. 14 C. 21 D. 28

C. 21

Choose this project life cycle approach when active participation of your stakeholders is required throughout the project and you work in a changing environment where the project requirements may change. A. Waterfall B. Hybrid C. Adaptive D. Predictive

C. Adaptive

Your project has been decomposed and the WBS has been constructed. Your final WBS contains five levels. All of the following are true regarding the WBS except: A. This project's work package level is level five. B. The WBS is a deliverables-oriented grouping of project deliverables and elements. C. Code of accounts will only be assigned to level five of this WBS. D. Level five for this project will facilitate resource assignments and cost and time estimates.

C. Code of accounts will only be assigned to level five of this WBS.

Project teams are limited by which of the following: A. Risks B. Technology C. Constraints D. Requirements

C. Constraints

Which of the following lists the correct outputs of the Estimate Cost process? A. Cost estimates, cost management plan, organizational process assets updates B. Cost estimates, reserve analysis, cost management plan C. Cost estimates, basis of estimates, project documents updates D. Cost estimates, reserve analysis, project documents updates

C. Cost estimates, basis of estimates, project documents updates

One of the deliverables for your project is a specific piece of hardware that must be built to exact specifications. If the hardware is not sized correctly, project process will stop until the hardware is corrected. This deliverable might be called: A. Constraints B. Conditional requirements C. Critical success factors D. Constrained deliverables

C. Critical success factors

Which of the following are the processes in the Project Communications Management knowledge area? A. Plan Communications Management, Manage Communications, Develop Project Management Plan, and Monitor Communications B. Plan Communications Management, Manage Communications, Develop Project Management Plan, Monitor Communications, and Close Project or Phase C. Plan Communications Management, Manage Communications, and Monitor Communications D. Plan Communications Management, Manage Communications, Direct and Manage Project Work, and Monitor Communications

C. Plan Communications Management, Manage Communications, and Monitor Communications

You've prepared the following analysis for two different projects for review by the selection committee. Project A's payback period is 8 months and its NPV is -27. Project B's payback period is 10 months and its NPV is 150. Which project should the selection committee pick? A. Project A, because its NPV is lower than Project B's. B. Project B, because its NPV is highest and there is less than six months difference between payback periods. C. Project B, because its NPV is a positive value. D. Project A, because its payback period is shorter than Project B's payback period.

C. Project B, because its NPV is a positive value.

You've discovered that one of your programmers is assigned too many tasks. You decide to assign some of her less critical tasks to other team members who are underallocated in order to keep the project on schedule. This is an example of which of the following? A. Resource requirements analysis B. Fast tracking C. Resource leveling heuristics D. Contingency reserves

C. Resource leveling heuristics

You are working on the risk management plan for your project. According to the PMBOK Guide, risk categories are a component of the risk management plan and may include which of the following types of risks? A. Project management risks, secondary risks, and organizational risks B. Technical, quality, or performance risks, secondary risks, and risk triggers C. Technical, quality, or performance risks, project management risks, organizational risks, and external risks D. Project management risks and external risks

C. Technical, quality, or performance risks, project management risks, organizational risks, and external risks

Total slack time is described as: A. The amount of time you can delay the start of a task without delaying the start of a successor task B. The amount of time you can delay the start of a task without delaying the latest finish date of a successor task C. The amount of time you can delay the start of a task without delaying the ending of the project D. The amount of time you can delay the start of a task without delaying the latest start date of a successor task

C. The amount of time you can delay the start of a task without delaying the ending of the project

Your selection committee is trying to decide between two projects. Funds exist to undertake only one of the projects. You know that all of the following are true except: A. Project selection methods are a tool and technique of the Initiation process. B. IRR is the discount rate when NPV equals zero. C. The discounted cash flow technique evaluates the cash inflows for each period and compares this to the initial investment. D. Payback period is the least precise of all the cash flow calculations used to select projects.

C. The discounted cash flow technique evaluates the cash inflows for each period and compares this to the initial investment.

During the Sequence Activities process, you discover that industry "best practices" techniques for your project dictate that activity A be completed using an automated process while activity B should be completed using a manual process. This type of dependency is known as preferred logic, or soft logic. Another name for this dependency is: A. External dependency B. Preferred dependency C. Mandatory dependency D. Discretionary dependency

D. Discretionary dependency

All of the following are true regarding lead and lag time except which one? A. Leads and lags are used when there are delays between dependent and independent activities in the project schedule. B. Leads require time to be subtracted from the start date or the finish date of the dependent activity. C. Lags delay successor activities and require time to be added to the start date or the finish date of the dependent activity. D. Lead time is used more often than lag time.

D. Lead time is used more often than lag time.

You are the project manager for your company's upcoming move. Several departments in your company are moving to a new building. You've completed the Initiation process for this project and know that the next set of processes for this project will occur in which order? A. Planning, Monitoring and Controlling, Executing, Closing B. Monitoring and Controlling, Planning, Executing, Closing C. Executing, Planning, Monitoring and Controlling, Closing D. Planning, Executing, Monitoring and Controlling, Closing

D. Planning, Executing, Monitoring and Controlling, Closing

The documentation of project goals, deliverables, and requirements so that they can be used as a baseline for future project decisions is accomplished by writing and publishing which of the following documents? A. Project charter B. Scope management plan C. Communications management plan D. Scope statement

D. Scope statement

According to the PMBOK Guide, each of the following is a type of need or demand that brings about a project except: A. Marketing demand B. Social need C. Legal requirement D. Stakeholder demand

D. Stakeholder demand

Your project was selected and approved by the selection committee. Your next step is to create a project charter. All of the following are true regarding project charters except: A. The charter describes the business need of the project. B. The charter includes a product description of the product of the project. C. The charter recognizes the existence of the project and commits organizational resources to the project. D. The charter is published by the project manager and signed by the sponsor and stakeholders.

D. The charter is published by the project manager and signed by the sponsor and stakeholders.

Your project is not proceeding well. Your team recently had to redesign one of the components of the final product to better comply with customer requirements. This rework has increased project costs and impacted the completion of other tasks on the WBS. This setback also seems to have caused a problem with morale among team members. Which of the following is true? A. The deliverables were not defined with measurable or verifiable outcomes. B. The problem occurred because the WBS was not broken down to the lowest level of detail. C. The customer requirements were not communicated to the project team before the work began. D. The problem was caused by poor scope definition.

D. The problem was caused by poor scope definition.