PMP Practice Exams: Set One Flashcards
Question 1: You are a project manager for the BBB Project, and you’re working with Allen, a business analyst, to determine the problems and identify the business needs for the BBB Project. The project scope has been created, but there are some recent requests for additions to the project scope. The request for changes need to be tested and reviewed before being implemented. In this scenario, who is responsible for the requirement-related activities of the project scope considering the project has just started?
- You the project manager
- Allen, the business analyst
- Project customer
- Project sponsor
Answer: Allen, the business analyst
Explanation
If a business analyst is assigned to a project, requirement-related activities are the responsibility of that role. The project manager is responsible for ensuring that requirements-related work is accounted for in the project management plan and that requirements-related activities are performed on time and within budget and deliver value. The project sponsor and the project customer are not responsible for requirements-related activities.
Question 2: A risk has been identified in your project that will likely cause the project to fail. You meet with the project sponsor to discuss the risk and its high probability of occurring. Which one of the following is a risk response that could address this high-probability and high-impact risk event?
- Accelerate
- Avoidance
- Withdrawal
- Mitigation
Answer: Avoidance
Explanation
The best option is avoidance. To avoid the risk may mean to shut down the project altogether or to trim part of the scope to avoid the project. Mitigation is the second-best choice as this approach can reduce the possibility and/or the impact of the risk event.
Question 3: You are the project manager of the GGG Project for your organization and are leading a recently chartered project that will affect much of the organization. You’re about to meet with the project team and several key stakeholders to complete stakeholder identification. Because of the size of the project you want the meeting participants to come prepared with a list of stakeholders prior to stakeholder identification meeting. What’s the best approach to this scenario?
- Create a web survey and distribute it to the entire company to gauge who is, and who is not, a stakeholder.
- Complete stakeholder identification on your own and then compare your results to the meeting outcomes.
- Have the participants complete brainwriting before the stakeholder identification meeting
- Have the team investigate potential stakeholders before the meeting
Answer: Have the participants complete brainwriting before the stakeholder identification meeting
Explanation
Brainwriting is similar to brainstorming, but participants will create a list of stakeholders they believe to exist in the project before the meeting. The other choices are not feasible and don’t involve the entire meeting participants coming prepared with a list of stakeholders for the stakeholder identification meeting.
Question 4: Management has asked you, the project manager of the JHK Project, to create a project website dashboard that will allow stakeholders to query the project status, check milestones, and other project information at any time. You task Gene, a project team member, with creating this website. What type of communication are you creating for stakeholders?
- One-to-one
- Pull
- Receiver-only
- Persistent
Answer: Pull
Explanation
This is simply a pull communication model. The stakeholders will pull information from the web server as they require. The other terms are distractors and are not communication management terms for your exam.
Question 5: You need to purchase materials from a vendor, but you prefer a particular vendor you’ve worked with in the past. This vendor is slightly more than its competitors, but they always deliver on time, are easy to work with, and offer excellent support. Your desire to work with this one vendor is best described as what type of market condition?
- Single source
- Oligopoly
- Preferred source
- Sole source
Answer: Single source
Explanation
This is a single source marketplace. Single source means that there are many different vendors, but you prefer to work with a particular vendor. Sole source means that there is only one vendor available to choose from. Oligopoly means that market conditions are so tight that the actions of one vendor affect the actions of the other vendors, such as airline fees. Preferred source isn’t a valid choice.
Question 6: You are a project manager for the IT Department in your organization and you’re working with the project team to define all the constraints and assumptions in your new project. You know that you should record all assumptions in an assumption log. What project management process creates the assumption log document?
- Define project scope
- Develop project charter
- Create the project management plan
- Identify risks
Answer: Develop project charter
Explanation
The assumption log is a document where you will record all assumptions identified in the project. The assumption log is created as an output of the Develop Project Charter process early in the project. The assumption log is not created by the define project scope process, the identify risks process, or while creating the project management plan.
Question 7: You are the project manager for your organization. You are leading a project that will utilize resources from the IT department. Nancy, the Director of IT, is not allowing her resources to be utilized on your project and this is causing a major disruption to get things moving forward. What is the most likely cause of the problem?
- You do not a budget to pay for the resources
- You do not have a project charter
- You do not have permission to use her resources
- You do not have a schedule
Answer: You do not have a project charter
Explanation
All projects need a charter signed by a person with the correct amount of authority over all the project resources. Nancy is likely not allowing you to use her resources because you do not have a project charter that requires her to do so.
Question 8: Benji is the project manager of the BBB Project for his organization. The planned value for the project work at this point is $450,000, but his actual costs for the project is ten percent more than what was planned. The project’s earned value is $417,000. Management is considering canceling this project due to performance. Based on this information, what is the sunk cost of the project?
- $450, 000
- $495, 000
- Not enough information to know for certain
- $417, 000
Answer: $495,000
Explanation
Sunk costs describe the total amount of funds invested into the project. In this example, the actual costs are the sunk costs. The project’s planned value is $450,000 and the actual costs are ten percent more than that value, or $495,000.
Question 9: You are a project manager for your organization. Your current project has a budget of $1,250,650 and is currently 65 percent done. Due to some errors by the project team, however, you were supposed to 75 percent as of today. In your project, you have spent $847,500 – slightly more than what was planned. Management has asked for to report your cost performance index. What’s the best answer?
- 0.96
- 1
- 1.1
- 0.75
Answer: 0.96
Explanation
The cost performance index is found by using the formula of earned value divided by actual costs. In this scenario that would be $812,923/847,500 for a CPI of .96. The other answers are incorrect calculations of the cost performance index.
Question 10: Jeffrey is the project manager of the OPO Project for his organization and a portion of his project will be contracted with a vendor. Kelly, the project sponsor of the OPO Project, tells Jeffrey to utilize a screening system for the vendors to help sort out unqualified vendors. Which one of the following is the best example of a screening system?
- Bids must accompany a detailed proposal with timeline
- Vendors must be licensed and bonded in the US state where the work will take place
- Bids must be under $250, 000
- Vendors must attend the bidders conference
Answer: Vendors must be licensed and bonded in the US state where the work will take place
Explanation
Of all the choices the requirement of vendors to be licensed and bonded in a specific US state is the best example of a screening system. While the other answers could be a screening system, they are not as restrictive as the bonded and licensing requirement.
Question 11: Quincy is the project manager of the GHY Project and he’s working with the project team to build out the project cost estimates. One of the first resources Quincy recommends using is the project charter. The team doesn’t understand why the charter is needed at this point of the project since they are now clearly in planning activities. Why would Quincy need the project charter at this point?
- The charter defines who has budget approval
- The charter defines the total costs of work packages for the project
- The charter defines a summary budget for the project costs
- The charter defines who has authority over project cost
Answer: The charter defines a summary budget for the project costs
Explanation
The project charter includes a summary and the preapproved financial commitments for the project expenses, so it is a key input to the project cost estimating activities.
Question 12: You are a project manager for your organization. Your current project has a budget of $1,250,650 and is currently 65 percent done. Due to some errors by the project team, however, you were supposed to 75 percent as of today. In your project you have spent $847,500 – slightly more than what was planned. It has just come to your attention, however, that a major defect will cost the project an additional $29,700. What is your cost performance index now?
- 0.93
- 0.9
- 0.87
- 1.03
Answer: 0.93
Explanation
The cost performance index is found by using the formula of earned value divided by actual costs. In this scenario that would be $812,923/877,200 for a CPI of .93. The other answers are incorrect calculations of the cost performance index.
You are the project manager of the IHI Project for your organization. You are considering outsourcing a portion of the project to a vendor. You are interested in the price of the vendor completing the writing of the technical manual for the software your project team is creating. What documents should you send to vendors?
- Bid and SOW
- RFP and invitation to bidders conference
- IFB and SOW
- RFP and SOW
Answer: IFB and SOW.
Explanation
Because you are only wanting a price, you will send the vendors an Invitation to Bid and the Statement of Work. An IFB requests a price only and the SOW defines the project work. The other items are incorrect as an RFP asks for a proposal. You wouldn’t send a bid the vendor, but the vendor will reply with a bid.
Brad is the project manager of the JL Project for his organization. This project has recently been cancelled due to a change in the technology involved. What should Brad do next?
- Write a final project report
- Nothing. the project is done
- Return to operations
- Move onto the next project
Answer: Write a final project report
Explanation
Even though the project has been cancelled, he should still write the final project report as part of closing the project. The final project report defines the summation of the project, what was achieved, why the project was cancelled, and becomes part of historical information for the organization.
You are the project manager for a construction project in your organization. Your project team has identified a project risk that is too dangerous for the project team members to take on, so you elect to use the transference risk response. Mary, a project team member, then identifies that the vendor managing the risk could cause delays in the project even though the contract may have repercussions for missed deadlines. This new risk, albeit small in probability and impact, is documented in the risk register. What type of risk is the possibility of a missed deadline by the vendor?
- Residual
- Accepted
Non-Conforming - Aggravated
Answer: Residual
Explanation
This is an example of a residual risk as the risk response creates a new, smaller risk that must still be managed. This risk event could also be considered a secondary risk if the probability and/or impact were more significant.