PMP Questions Flashcards
Which of the following choices does not refer to additional time included in the schedule as recognition of schedule risk?
A. Contingency
B. Planning Package
C. Reserve
D. Buffer
Answer: B
Planning - Time Management
A Planning Package is a work breakdown structure component below the control account with known work content but without detailed scheduled activities.
In which process are Subject Matter Experts (SME) first used?
A. Identify Stakeholders
B. Develop Project Charter
C. Define Scope
D. Collect Requirements
Answer: B
Planning - Integration Management
Answer B is correct. We use Subject Matter Experts for their expert judgment in the Develop Project Charter process.
You’re using techniques such as value engineering, value analysis, function analysis, and quality function deployment. What tool and technique are you employing?
A. Benefit/cost analysis
B. Product analysis
C. Earned value analysis
D. Benchmarking
Answer: B
Planning - Scope Management
Product analysis is a tool and technique of Define Scope, and uses techniques such as product breakdown analysis, systems engineering, value engineering, value analysis, function analysis, and quality function deployment.
You work for CTV, a privately held TV company that is planning to offer a contract to a privately held TV parts supplier. Which of the following is not included in the contract?
A. Legal purpose
B. Legal capacity
C. Consideration
D. Incentives
Answer: D
Executing - Procurement Management
Answer D is correct. Contract requirements include:
Offer: an expression of willingness to contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.
Acceptance: an expression of unconditional agreement to all the terms set out in the offer. The acceptance must mirror the original offer made.
Legal Purpose: the contract cannot be for illegal purposes
Consideration: something of value, not necessarily money
Legal Capacity: the ability to legally enter into a contractual agreement. Children or people with mental impairments do not have legal capacity.
You are calculating the expected total cost of the project at completion and have been given a new estimate. Variances to date have been atypical. BAC=700, PV=300, EV=275, and AC=280. What is the new expected total cost at completion?
A. 25
B. 705
C. 7143
D. 425
Answer: B
Monitoring & Controlling - Cost Management
EAC based on atypical variances is AC+(BAC-EV) = 280 + (700-275) = 280 + 425 = 705.
Which of the following analyzes variables that have the greatest impact on the project?
A. Beta Distributions
B. Triangular Distributions
C. Tornado Diagram
D. Expected Monetary Value
Answer: C
Planning - Risk Management
Answer choice C is correct. Tornado Diagrams are a Modeling Technique and a typical display of Sensitivity Analysis, which analyzes variables that have the greatest impact on the project. Probability Distributions and Interviewing are Data Gathering and Representation Techniques. EMV is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen.
These two gentlemen believed in zero defects and fitness for use, respectively.
A. Juran, Deming
B. Crosby, Juran
C. Maslow, Deming
D. Deming, Crosby
Answer: B
Planning - Quality Management
Philip Crosby believed in conformance to requirements and zero defects.
Joseph Juran believed in the fitness for use principal. He promoted conformance and quality by design.
W. Edward Deming developed the 14 points of Total Quality Management (TQM) and said that quality is a management problem 85% of the time.
How is administrative closure different from contract closure?
A. Administrative closure occurs before contract closure
B. Contract closure occurs before administrative closure
C. There is no difference
D. Administrative closure involves documenting lessons learned while contract closure does not
Answer: B
Closing - Procurement Management
Contract closure marks the closure of a procurement contract on a project and therefore must happen before the project is formally closed via administrative closure.
The issues log should be ________.
A. Short
B. Deliverable-based
C. Written
D. Informal
Answer: C
Executing - Human Resources Management
By writing issues down, you create a permanent record of how issues were handled and resolved.
Project Performance Appraisals is not used for which of the following?
A. Clarification of roles & responsibilities
B. Establishing individual training plans
C. Resolving issues
D. Assess team strengths and weaknesses
Answer: D
Executing - Human Resources Management
Project Performance Appraisals, a Manage Project Team Tool, is used to clarification of roles & responsibilities, providing feedback, resolving issues, establishing individual training plans, etc. The emphasis is on the individual not the team. Personnel Assessment tools, a Develop Project Team Tool, is used to assess team preferences, aspirations, strengths and weaknesses. The emphasis here is on the team.
During project execution, the forecast remaining hours begin to exceed planned remaining hours. Consequently, the project takes on a negative variance. Which analysis method is the project manager likely to use as a measurement tool to validate this information?
A. EV-PV
B. EV/AC
C. EV/PV
D. EV-AC
Answer: A
Monitoring & Controlling - Cost Management
Schedule Variance (SV) = EV - PV. If SV is negative project is behind schedule. If it positive Schedule is ahead.
Rent-A-Computer Inc. will rent you a computer for $200 per day. Best Buy will lease it to you for a $750 down payment and $50 per day. When do the cost of renting and leasing become the same?
A. 09 Days
B. 08 Days
C. 12 Days
D. 05 Days
Answer: D
Planning - Procurement Management
If it takes “N” days, then, 200* N = 750 + 50*N. On solving for N, it is 5 days.
Which estimating method uses one time estimate for each task?
A. PERT
B. CPM
C. Monte Carlo
D. Control charts
Answer: B
Planning - Time Management
Critical path method uses deterministic method, meaning it uses one time estimate.
Quality audits of the deliverables show there are several problems. Management has asked you to create a chart showing the distribution of problems and their frequencies. Given this, management wants which of the following?
A. A control chart
B. An Ishikawa chart
C. A Pareto diagram
D. A flowchart
Answer: C
Monitoring & Controlling - Quality Management
A) Option A is incorrect because a control chart does not identify the problems, only the relation of the results to the expected mean.
B) Option B is incorrect because a cause-and-effect diagram does not map out the frequency of problems.
C) Management wants you to create a Pareto diagram. Recall that a Pareto diagram maps out the causes of defects and their frequency.
D) Option D is also incorrect. Flowcharts show how a process moves through a system and how the components are related.
The process of ensuring that the seller’s performance meets contractual requirements is done as part of:
A. Solicitation
B. Conduct Procurements
C. Control Procurements
D. Project Closeout
Answer: C
Monitoring & Controlling - Procurement Management
Procurement Performance Reviews involves managing the contract and relationship between the buyer and seller and reviewing and documenting how a seller is performing, or has performed, to establish required corrective actions.