Realistic PMP Exam #1

You are working as a Project Manager at Maxim International and you have been repeatedly contacted by the customer to modify the deliverables. These modifications are beyond the scope of the project. You have shared this twice with the Project Manager of the customer that these modifications were specifically clarified during planning and that they will not be included in the project scope. But he is insisting that it is included in the original scope of the work. Which document would help you as proof to support your argument? A: Requirements Documentation B: WBS C: WBS Dictionary D: Project Scope Statement

D: Project Scope Statement, Project Scope Statement includes "Project exclusions" which Identifies what is excluded from the project. Explicitly stating what is out of scope for the project.

You are a project manager trying to decide whether to buy or make a testing tool for your project. If you buy, the cost of the tool is $60,000, and the additional cost of integration is $1,000. If you build it, the tool will be developed by eight engineers in two months. The salary of each software engineer is $4,000 per month and the other related costs will be $2,000. Which option will you prefer? A-) Buying the testing tool B-) Building the testing tool C-) Neither build nor buy the testing tool D-) Need more information on costs to make a decision

A-) Buying the testing tool Budget constraints may influence make-or-buy decisions. A make-or-buy analysis should consider all related costs-both direct costs as well as indirect costs. For example, the buy-side of the analysis includes both the actual out-of-pocket costs to purchase the product, as well as the indirect costs of support/maintenance of the purchasing process and purchased item. Cost of buying the tool: $60,000 + $1000 = $61,000 Cost of building the tool: $4,000 x 8 engineers x 2 months + $2,000 (relevant costs) = $66,000 So, buying is cheaper than building. Buying is more reasonable.

All the following statements related to "project management team" and "project team" are correct EXCEPT: A-) The project team is responsible for activities like planning, executing, and closing. B-) The project management team can be called a core, executive, or leadership team. C-) The project management team is part of the project team as well. D-) In a small project, project management responsibilities can be shared by the team members instead of a project manager.

A-) The project team is responsible for activities like planning, executing, and closing., The project management team is a subset of the project team and is responsible for the project management and leadership activities such as initiating, planning, executing, monitoring, controlling, and closing various project phases. This group can also be referred to as the core, executive, or leadership team. For smaller projects, project management responsibilities can be shared by the entire team or administered solely by the project manager.

Which of the following documents include the "code of account identifier", "description of work", "responsible organization", and "list of schedule milestones"? A: PERT/CPM Charts B: WBS C: WBS Dictionary D: Roles and Responsibilities Matrix

C: WBS Dictionary, The WBS dictionary is a document that provides detailed deliverables, activity, and scheduling information about each component in the WBS. WBS dictionary may include but is not limited to, code of account identifier, description of work, responsible organization, list of schedule milestones, etc.