PMP TEST 4.1

Question 1

19You were given a budget of $3000, and you spent $2000. However, you only completed $1200 worth of work. What do you currently expect the TOTAL project to cost, considering your situation?
SELECT THE CORRECT ANSWER

Not possible to estimate

5000

6000

6200

Answer 1

Correct Option:B

EXPLANATION

Estimate at completion (EAC) =BAC/CPI. Here, we have BAC=$3,000, AC=$2,000, and EV=$1,200. CPI=EV/AC=1200/2000=.6. So, EAC=3000/.6 =5,000.

Question 2

26Team norms have to be established during the beginning of the project so that the team is equipped to handle challenges as the project progresses. Which of the following is NOT included in the team norms?
SELECT THE CORRECT ANSWER

Meetings

Communication Approaches

Monitoring the performance

Shared Values

Answer 2

Correct Option:C

EXPLANATION

Meetings, Communication Approaches, Managing conflicts, Shared Values, and Decision making are all included in team norms.

Question 3

29You are managing a project to develop an online PMP exam simulator to help students practice exam questions in a real-life environment. The team has completed design work, received approval from the technical review team, and initiated coding work. Your management asks you what you currently expect the TOTAL project to cost, and you assure them that the rest of the job will be done as per budget. Which of the following formulas will you use to get the most accurate estimate at completion (EAC)?
SELECT THE CORRECT ANSWER

EAC = AC+(BAC-EV)

EAC = AC+BOTTOM-UP ETC

EAC = (BAC/EV)/CPI*SPI

EAC = BAC/CPI

Answer 3

Correct Option:A

EXPLANATION

You are assuming that the rest of the job will be done as per budget; all you need to do is take the remaining work (BAC-EV) and add funds spent, AC.

Question 4

30The project manager, project team members, and procurement managers are actively involved in negotiating contracts. Which of the following may the Project team NOT suggest?
SELECT THE CORRECT ANSWER

Deliverables and Milestones

Data consideration

Risk and issues

Resource requirements

Answer 4

Correct Option:B

EXPLANATION

Deliverables & Milestones, Risk and issues, and resource requirements can all be suggested by the project team.

Question 5

32Which of the following techniques can a project manager use to analyze skill gaps of team members?
SELECT THE CORRECT ANSWER

Team Gap analysis

Team Performance analysis

Training Gap analysis

Team knowledge analysis

Answer 5

Correct Option:C

EXPLANATION

This analysis enables the project manager to identify the missing skills, knowledge, and capabilities and can be used to come up with training for the team members.

Question 6

33Which of the following is useful for effective planning of meetings, coordination, feedback, and improving visibility?
SELECT THE CORRECT ANSWER

Calendar

Display system

Kanban Board

process report

Answer 6

Correct Option:A

EXPLANATION

Using calendars helps to timebox meetings by improving the focus and encouraging the team to set objectives and tracking.

Question 7

34A new stakeholder has recently been identified for your project. He will be helping team members with data validation and other testing. The stakeholder asks the project manager about the scheduling methodology and tools that will be used in the schedule development. He would also like to know about schedule change control procedures, reporting formats, and frequencies. Which of the following documents may the project manager refer him to?
SELECT THE CORRECT ANSWER

Project charter

Stakeholder register

Schedule management plan

Schedule baseline

Answer 7

Correct Option:C

EXPLANATION

The schedule management plan defines how the project schedule will be planned, developed, managed, executed, and controlled throughout the project life cycle. It serves as guidance for the scheduling process and defines the roles and responsibilities for stakeholders, along with scheduling methodologies, tools, schedule change control procedures, reporting formats, and frequencies.

Question 8

36A project is following a life cycle where requirements are defined in a backlog, and the project team delivers the backlog items based on the priorities of the project sponsor in two-week iterations. What type of project life cycle is the team following?
SELECT THE CORRECT ANSWER

Rolling Wave

Agile

Waterfall

Scaled Agile Framework

Answer 8

Correct Option:B

EXPLANATION

Agile projects leverage a prioritized backlog and deliver the project in a series of short, timeboxed iterations. There are many varieties of Agile techniques, but this question has provided enough information to classify the project life cycle as Agile.

Question 9

37Multiphase projects are planned by developing phases that are performed sequentially to ensure proper control of the project and attain the desired product, service, or result. In some cases, it is necessary to accelerate the project life cycle by overlapping project phases. Which of the following is NOT true about this kind of overlapping relationship?
SELECT THE CORRECT ANSWER

This technique can be applied as a schedule compression technique called fast-tracking.

This kind of relationship may increase project risk and the potential for conflicts. A subsequent phase can progress before accurate information is available from the previous phase.

In this kind of relationship, a phase is planned at a given time; planning for a subsequent phase is carried out as work progresses on the current phase or deliverables.

This kind of relationship can reduce the ability to develop long-term planning, but it is suitable in an undefined, uncertain, and rapidly changing environment.

Answer 9

Correct Option:C

EXPLANATION

In iterative relationships, a phase is planned at a given time. Planning for a subsequent phase is carried out as work progresses on the current phase or deliverables. In overlapping relationships, the successor phase can start prior to the completion of the predecessor phase. This approach can be applied as a schedule compression technique called fast-tracking. An overlapping relationship may increase project risk and the potential for conflicts as a subsequent phase progresses before accurate information is available form the previous phase. This kind of relationship can reduce the ability to develop long-term planning, but it is very suitable in an undefined, uncertain, and rapidly changing environment.

Question 10

39As a project manager, you and your team are mainly focused on finding a less costly way to do the same work and on achieving more out of the project in every possible way to increase the bottom line, decrease costs, improve quality, and optimize the schedule without reducing or impacting the scope. Which of the following techniques are you most likely using?
SELECT THE CORRECT ANSWER

Benchmarking

Value analysis

Life cycle costing

Reserve analysis

Answer 10

Correct Option:B

EXPLANATION

Value analysis is also referred to as value engineering or value methodology. It is the technique of finding a less costly way to do the same work and of achieving more out of the project in every possible way to increase the bottom line, decrease costs, improve quality, and optimize the schedule without reducing or impacting the scope.

Question 11

42Which of the following assessments explores alternatives to overcome or avoid the risk?
SELECT THE CORRECT ANSWER

Backlog Assessment

Skill Gap Assessment

Risk Assessment

Team Assessment

Answer 11

Correct Option:A

EXPLANATION

Backlog Assessment or refinement explores alternatives to overcome or avoid the risk

Question 12

43A project manager working on implementing WIMAX connectivity in a rural area has to deploy several network devices and set up POPs to house those devices. She performed a cost-benefit analysis and was concerned about the high cost of nonconformance as a result of not following the proper quality procedures in the project. What should the project manager do?
SELECT THE CORRECT ANSWER

Look for benchmarks

Allocate additional budget to deal with the situation

Utilize the existing reserve money to deal with her situation

Perform a quality audit

Answer 12

Correct Option:D

EXPLANATION

A quality audit is a scheduled or random structured review performed by internal or third-party auditors to determine whether quality management activities comply with organizational and project processes, policies, and procedures. It ascertains inefficient and ineffective activities and processes used in the project as well as lessons learned, such as gaps and best practices, that can improve the performance of the current project or future ones. A quality audit to correct any deficiencies in the quality processes should result in a reduced cost of quality and an increase in stakeholders’ acceptance of the product.

Question 13

44A project manager has observed that the project team members’ performance is deteriorating and motivation has also reduced. What is the best course of action the project manager can initiate?
SELECT THE CORRECT ANSWER

Reward & Recognition

Reward & Regulation

Penalty for degraded performance

Allow team to improve themselves

Answer 13

Correct Option:A

EXPLANATION

Reward and Recognition is an effective way of motivating teams to perform and contribute to the success of the project.

Question 14

45Which of the following tools is not used to measure team performance?
SELECT THE CORRECT ANSWER

Sprint

Kanban Board

Earned Value

Velocity

Answer 14

Correct Option:A

EXPLANATION

Kanban Boards, Throughput metrics, Cycle Time, Quality Metrics, Earned Value, Bar Charts, and Velocity are the various tools used to measure a team’s performance.

Question 15

50Which of the following is essential for delivering the high-level organization strategy?
SELECT THE CORRECT ANSWER

Quality Management

Change Management

Knowledge Management

Transition Management

Answer 15

Correct Option:B

EXPLANATION

Change Management is essential for delivering the high-level organization strategy.

Question 16

51Identifying and assessing the stakeholders is accomplished various ways. Which of the following would NOT be suitable for this?
SELECT THE CORRECT ANSWER

Expert Judgement

Data Analysis

Analogous Technique

Data Gathering

Answer 16

Correct Option:C

EXPLANATION

Analogous techniques are used for estimation.

Question 17

52In Abraham Maslow’s Hierarchy of Needs, accomplishment, respect, attention, and appreciation are represented as:
SELECT THE CORRECT ANSWER

Physiological

Self-actualization

Esteem

Social

Answer 17

EXPLANATION

In Abraham Maslow’s Hierarchy of Needs, accomplishment, respect, attention, and appreciation are represented as esteem.

Question 18

54Steve is a system engineer who is extremely dedicated and hardworking. His deliverables are always on time, accurate, and of desired quality. He also has a reputation of being a nice guy and being liked by everyone in the organization. Considering all these factors, senior management has decided to assign Steve as a project manager for a critical engineering project. This is an example of:
SELECT THE CORRECT ANSWER

Rewarding good behavior

The halo effect

Victor Vroom’s expectancy theory

Perquisites

Answer 18

Correct Option:B

EXPLANATION

The tendency to rate high or low on all factors due to the impression of a high or low rating on a specific factor is known as the Halo effect. This kind of action will have a negative impact on the project and the performing organization.

Question 19

55Henry, a project manager, utilizes different conflict resolution techniques to resolve conflicts in his project. He created an open environment so that his team members feel free to discuss their concerns and issues. He is also focused on resolving issues rather than fixing the personalities of his team members, and he pays more attention to the present than the past. Which of the following conflict resolution techniques will lead to the least sustaining positive result?
SELECT THE CORRECT ANSWER

Withdrawing or avoiding

Forcing

Confronting or problem-solving

Compromising

Answer 19

Correct Option:A

EXPLANATION

Withdrawing or avoiding is the technique of retreating from conflict and avoiding or postponing resolution. This technique leads to the least sustaining positive results.

Question 20

56Facilitating meetings and sessions is an effective technique for:
SELECT THE CORRECT ANSWER

Meetings

One-on-one mentoring

Collaboration

Team management

Answer 20

Correct Option:B

EXPLANATION

Facilitating meetings and sessions is an effective technique for one-on-one mentoring, because this provides the mentor an opportunity to engage with the stakeholders effectively and guide them to right directions. Secondly, the stakeholder will have safe environment to express themselves in the absence of others.

Question 21

57Which of the following is NOT an element of self-regulation?
SELECT THE CORRECT ANSWER

Self Control

Trustworthiness

Adaptability

Agility

Answer 21

Correct Option:D

EXPLANATION

Self Control, Trustworthiness, Conscientiousness, and Adaptability are self-regulation elements.

Question 22

58You are responsible for making arrangements for your company’s annual picnic. You have taken all the necessary actions and have reserved an outdoor park on a particular day. You have bought umbrellas and rented tents just in case you need them. Which of the following risk strategies are you using in this case?
SELECT THE CORRECT ANSWER

Passive acceptance

Contingency planning

Avoidance

Transference

Answer 22

Correct Option:B

EXPLANATION

The contingency plan includes specific action that will be taken if opportunities or threats occur.

Question 23

60In the communication process, a basic model of communication that exhibits how information is sent from the sender and how it is received by the receiver has all the following components EXCEPT:
SELECT THE CORRECT ANSWER

Sender

Message and feedback message

Urgency

Noise

Answer 23

Correct Option:C

EXPLANATION

Urgency is not included in the basic communication model but should be considered when determining the method of communication to be used.

Question 24

61While overseeing a software engineering project, you find that one of the subcontractors failed to deliver on the last three projects. Upon further investigation, you learn that there are several complaints filed against this subcontractor and that they have a very bad reputation in the market. Realizing that is it too big a risk, you terminate the contract with the subcontractor and instead hire a couple of individuals to work on the components. Which risk response strategy did you use in this situation?
SELECT THE CORRECT ANSWER

Accept

Transfer

Mitigate

Avoid

Answer 24

Correct Option:D

EXPLANATION

Avoid is the elimination of the threat by eliminating the cause or changing the project management plan. Here, you utilized the avoid strategy by terminating the contract with the subcontractor to eliminate the threat to your project.

Question 25

62Your management asked you to study the work method to determine a faster, less costly, and more efficient method to complete the project. This is an example of:
SELECT THE CORRECT ANSWER

Value engineering

Resource leveling

Schedule compression

Learning curve

Answer 25

Correct Option:A

EXPLANATION

Value engineering is mainly focused on finding a less costly way to do the same work and on achieving more out of the project in every possible way to increase the bottom line, decrease costs, improve quality, and optimize the schedule without reducing impact on the scope.

Question 26

63You are in the monitor risks process of identifying, analyzing, and planning for newly arising risks, taking corrective actions, and reviewing the execution and effectiveness of risk responses. Which of the following is NOT a tool and technique to monitor risks?
SELECT THE CORRECT ANSWER

Risk reassessment

Reserve analysis

Enhance

Risk audits

Answer 26

Correct Option:C

EXPLANATION

Enhance is a strategy to deal with an opportunity. By influencing the underlying risk triggers, this strategy increases the size, probability, likelihood, and positive impact of an opportunity.

Question 27

71Your team members have created a requirement document, a scope statement document, and a work breakdown structure. They have identified twenty work packages and completed the WBS dictionary. Some of these team members were also involved in creating the business case and conducting the feasibility study at the early stage of the project. Which of the following items will the team members work on now?
SELECT THE CORRECT ANSWER

Help the project manager to develop the schedule

Create the detailed activity list

Create the network diagram

Identify the sequence of the activities

Answer 27

Correct Option:B

EXPLANATION

Once the WBS is created with all the work packages, the team members should work on decomposing the work packages to create the detailed activity list. Network diagram and activity sequencing can be performed only after the activity list is created.

Question 28

72Your twenty-mile railway construction project is not going well. You were supposed to complete the project today, exactly forty weeks from the start of the project. You found out that only 75 percent of the work is completed. Based on this status, approximately when would you expect the project to be completed?
SELECT THE CORRECT ANSWER

20 weeks

10 weeks

15 weeks

5 weeks

Answer 28

Correct Option:B

EXPLANATION

Assuming the same progress that has already been experienced, the project would take 10 weeks or 25% of the original 40-week estimate.

Question 29

79According to Herzberg’s Motivator-hygiene theory, which of the following is not a hygiene factor?
SELECT THE CORRECT ANSWER

Variety of work

Compensation

Personal life

Working conditions

Answer 29

Correct Option:A

EXPLANATION

Variety of work is a motivational agent, not a hygiene factor.

Question 30

84You are managing a software application project to develop an online PMP simulator budgeted for $90,000 to assist students to practice exam questions in a real-life environment. The team has completed design work, received approval from the technical review team, and initiated coding work. When asked by management what you currently expect the project to cost, you think that the costs you have incurred till now are typical for the rest of the project. While reviewing the current status of the project, you found that AC = $30,000 and EV = $35,000. What is your estimate at completion (EAC)?
SELECT THE CORRECT ANSWER

85000

77856

90000

60000

Answer 30

EXPLANATION

If CPI or past results are typical or expected to continue, the correct EAC formula is EAC = BAC/CPI. In this case, BAC = $90,000 CPI = EV/AC = $35,000/$30,000 = 1.16 EAC = $90,000/1.16 = $77,586

Question 31

85While in the control procurements process, you are meeting with your seller to inspect the seller’s progress in delivering the project scope and quality within cost and on schedule as specified in the contract. Your objective is to identify the performance progress or failures, noncompliance, and areas where performance is a problem. Which of the following are you performing?
SELECT THE CORRECT ANSWER

Performance reporting

Procurement performance reviews

Inspections and audits

Claims administration

Answer 31

Correct Option:B

EXPLANATION

Procurement performance review is a structured review that consists of seller-prepared documentation, buyer inspection, and a quality audit of the seller’s progress to deliver project scope and quality within cost and on schedule as compared to the contract. The objective is to identify performance progress or failures, noncompliance, and areas where performance is a problem. Inspections and audits are activities mainly focused on the product itself and its conformance to specifications. Performance reporting is an excellent tool that provides management with information about how effectively the seller is meeting contractual objectives. This report can produce earned values, schedule and cost performance index, trend analysis, etc.

Question 32

86You are working for a cruise company as a project manager. Your company offers luxury tours to couples at a reasonable price. Currently, the company is considering adding more tours to a few other popular destinations during the holiday season in order to enhance traffic and profitability. Which risk response strategy are you using?
SELECT THE CORRECT ANSWER

Share

Exploit

Accept

Enhance

Answer 32

Correct Option:D

EXPLANATION

The cruise company is using the enhance strategy to increase traffic and profitability. By influencing the underlying risk triggers, this strategy increases the size, probability, likelihood, and positive impact of an opportunity.

Question 33

88You are having an issue with one of the manufacturing processes used to create the required parts for routers and switches that your company produces. Due to this major quality problem, only 15 percent of the parts manufactured have been within the control limits set by the manage quality team. Higher management asks you to review the process activities to determine where the process went wrong. Which type of diagram should you use?
SELECT THE CORRECT ANSWER

Control chart

Pareto chart

Scatter diagram

Flow chart

Answer 33

Correct Option:D

EXPLANATION

A flow chart is a graphical representation of a process to help analyze how problems occur and to identify potential process improvement opportunities. There are many styles, but all flowcharts show activities, decision points, the order of processing, points of complexity, and interrelationships between elements in the process.

Question 34

89A project manager is in the Plan Communications Management process of identifying the information and communication needs of the people involved in a project by determining what needs to be communicated, when, to whom, with what method, in which format, and how frequently. Which of the following is NOT a tool and technique in this process?
SELECT THE CORRECT ANSWER

Performance reporting

Communication requirement analysis

Communication methods

Communication technology

Answer 34

Correct Option:A

EXPLANATION

Performance reporting is a tool and technique in the Manage Communications process, not in the Plan Communications Management process. Communication requirement analysis, communication methods, and communication technology are tools and techniques in the Plan Communications Management process.

Question 35

94You recently completed the SOW detailing the specifications and other requirements for an expensive item you would like to purchase for one of your projects. While working on the SOW, you identified some of the source selection criteria, terms and conditions, and the contract type that you want to use. Also, you put together some documents to solicit proposals from potential vendors. What tools and techniques will you use in the next process?
SELECT THE CORRECT ANSWER

Market research, make-or-buy analysis, and expert judgement

Bidder conference, proposal evaluation techniques, and advertising

Procurement audits, procurement negotiations, and records management system

Contract change control system, procurement performance reviews, and claims administration

Answer 35

Correct Option:B

EXPLANATION

You just finished the Plan Procurement Management process and should be moving to the next process of Conduct Procurements. In Conduct Procurements process, you should be obtaining and evaluating seller responses, selecting a seller, and awarding a contract. The tools and techniques you will be using in Conduct Procurement process are bidder conference, proposal evaluation techniques, and advertising.

Question 36

98You are a Project Manager of a software project that has finished the design stage and is moving to the implementation stage. At the end of the design phase, you got the document reviewed and you tracked and closed the defect logs. Also, as part of the design stage review and kick-off for the implementation phase, you checked current SPI and CPI and revisited the risks. What did you forget to do?
SELECT THE CORRECT ANSWER

Identify new risks for the next stage and update risk register

Take corrective and preventive actions from design review so that defects can be minimized

Conduct an impact analysis of the defects found during the design review

Communicate project-stage review findings to all the stakeholders

Answer 36

Correct Option:D

EXPLANATION

The Project Manager needs to communicate project progress to stakeholders at all the major milestones. Option (a) would have been addressed during revisiting the risk as part of kick off meeting, whereas Options (b) and (c) are not mandatory activities and may not be required in every project.

Question 37

99While overseeing the development of a new wireless media streaming device, you notice that your team members are having significant difficulties resolving an issue that they have discovered during unit testing. After working on the issue for a week, the team members identify a number of possible causes for the issue and narrow them down to two main causes. You ask the team members to determine if there is any interdependency between these two causes that would necessitate further action. Which of the following tools would be the BEST to use in this situation?
SELECT THE CORRECT ANSWER

Histogram

Flow chart

Scatter diagram

SWOT analysis

Answer 37

Correct Option:C

EXPLANATION

A scatter diagram is a tool and technique used in quality management processes to analyze two characteristics of a process and see if there is any interdependency between them. Based on the outcome of the scatter diagram, appropriate actions can be taken to improve quality.

Question 38

101You are overseeing a construction project to build identical custom houses. Your initial estimate suggests that each of the houses will take approximately two months to complete at a cost of $50,000. The sponsor strongly disagrees with your estimate. What is a reason for this?
SELECT THE CORRECT ANSWER

You have not considered the law of diminishing returns.

You have not considered the learning curve.

You cannot estimate the time and cost until you complete one house.

The estimates are way too high.

Answer 38

Correct Option:B

EXPLANATION

According to the learning curve theory, when a large number of items are produced repetitively, productivity will increase but at a diminishing rate. Learning curve data indicates that as work is repeated, the time required to complete the work is reduced but the rate of improvement decreases. For instance, installing carpets in the fiftieth room in a construction project will take less time than it did in the first room due to increased efficiency as workers become more efficient with the installation procedure.

Question 39

102Depending on the specific business and business environment, there are various different compliance categories. Which of the following is not a compliance category?
SELECT THE CORRECT ANSWER

Quality

Environmental Risk

Communication plan

Corrupt Practice

Answer 39

Correct Option:C

EXPLANATION

Quality, Environmental Risks, Corrupt Practices, Social responsibility, Workplace health and safety, and Process risks are categories of compliance.

Question 40

103At the end of each iteration or sprint, teams organize and conduct sprint reviews to confirm and update the completion of the user stories that were planned to be delivered during the sprint. This results in the creation of capability that is defined as:
SELECT THE CORRECT ANSWER

A release package

Potentially Shippable

A release unit

Potentially capable

Answer 40

Correct Option:B

EXPLANATION

During the sprint, the team focuses on completing the user stories planned, everything is done, and the capability is potentially shippable.

Question 41

109Retrospective is an event defined in the Agile framework that provides an opportunity to reflect upon performance and identify problems, resolutions, improvements, etc. The best model to run retrospective includes the following steps: Set the stage, Gather the data, Generate insights, and _____________.
SELECT THE CORRECT ANSWER

Make Decisions and Close

Close and Communicate

Make Decisions, Communicate and Close

Close, Communicate and Confirm

Answer 41

Correct Option:A

EXPLANATION

The best model to run retrospective includes the steps: Set the stage, Gather the data, Generate insights, Make decisions and Close.

Question 42

110You have a signed contract with one of your major vendors. The vendor recently informed you that they can no longer deliver equipment on the agreed due date. This will cause a major disaster in your project since you will have to wait at least three months for the vendor to deliver the equipment. You know that there is another vendor who can deliver the equipment for a small increase in costs. What will be your best course of action?
SELECT THE CORRECT ANSWER

Sue the vendor

Terminate the contract stating that it is for convenience

Terminate the contract with the vendor for defaulting

Give the vendor a time extension

Answer 42

Correct Option:C

EXPLANATION

A contract can be terminated for a convenience by the buyer. In this case, seller’s failure to deliver the equipment on time will drastically impact the project. So, the contract can be terminated with the vendor for defaulting.

Question 43

117Your management has asked you to lead a team to negotiate and finalize a deal with one of the vendors. While negotiating, you will NOT be focused on:
SELECT THE CORRECT ANSWER

Developing a good understanding and relationship with the seller

Obtaining a fair and reasonable price for the product, service, or result

Obtaining the lowest possible price and commitment for the shortest project duration from the vendor

Discovering and dealing with disputes as much as possible prior to signing the contract

Answer 43

Correct Option:C

EXPLANATION

You should always try to have a win-win situation. The lowest possible price and shortest possible duration will put the vendor in an extremely difficult situation and increase the potential for failure. Your main objective of negotiation will be to build trust, obtain a fair and reasonable price that both parties are comfortable with, and uncover the points of conflict and dispute prior to final contract signing.

Question 44

120You are overseeing a project to implement a new computer infrastructure at the local hospital. You are finding it difficult to evaluate the exact cost impact of some risks identified in the project. In this kind of situation, you should consider evaluating on a _______.
SELECT THE CORRECT ANSWER

Numerical basis

Quantitative basis

Qualitative basis

Forecast basis

Answer 44

Correct Option:C

EXPLANATION

If you cannot estimate the value of the impact, you can utilize qualitative estimates such as low, medium, and high. Qualitative Risk Analysis is the process of prioritizing risk by assessing and combining their probability of occurrence and impact to the project if they occur. This fast, relatively easy to perform, and cost-effective process ensures that the right emphasis is on the right risk areas as per their ranking and priority and helps to allocate adequate time and resources for them. Even though numbers are used for the rating in the Perform Qualitative Risk Analysis process, it is a subjective evaluation and should be performed throughout the project.

Question 45

128You are approaching the end of your project and are asked to release the resources so that they can be assigned to other projects. Before releasing the resources, you want to make sure that you have completed certain necessary actions. Which of the following is the correct order of actions that you should take during the Closing process?
SELECT THE CORRECT ANSWER

Get final acceptances, hand over the deliverables, write lessons learned, and ensure customer satisfaction

Get formal acceptances, release the team, write lessons learned, and close the contract

Write lessons learned, release the team, get formal acceptances, and close the contract

Release the team, get formal acceptances, close the contract, and write lessons learned

Answer 45

Correct Option:A

EXPLANATION

Releasing the team members is not a part of closing process.

Question 46

129Your team members have sent you their weekly updates on the deliverables they are working on. While reviewing updates from the team members, you find out that the CPI = 1.1 and SPI = 1. What should you do next with the results of your analysis?
SELECT THE CORRECT ANSWER

Distribute the results to project stakeholders as per your communications management plan

Since the project is on track, you do not have to do anything at this time

Find out where you can spend the money that was saved

Instruct the team members to improve their time

Answer 46

Correct Option:A

EXPLANATION

When the project manager ascertains the current project status, it should be communicated to the project stakeholders as per the communications management plan.

Question 47

132You have been assigned to create a diagram that will demonstrate the logical relationships that exist between activities. You are also asked to display how long the project activities will take. Which of the following methods will you utilize to achieve this goal?
SELECT THE CORRECT ANSWER

Pareto chart

CPM

Check sheet

PDM

Answer 47

Correct Option:B

EXPLANATION

CPM is a technique of schedule analysis that evaluates the activity duration, logical relationships, dependency, leads, lags, assumptions, and constraints to determine the float of each activity and the overall schedule. This method identifies the critical path with the least flexibility and the highest risk so that it can be managed appropriately. The critical path duration is the longest path in the network diagram and the shortest amount of time the project will take to complete.

Question 48

133You recently took over a project from a senior project manager who just left the company. You realize that several team members lack critical skills to carry out the project activities. The previous manager also mentioned that many of the team members will need specialized training. Which of the following actions should you take next to identify the appropriate training for the team members?
SELECT THE CORRECT ANSWER

Refer to the PMBOK Guide

Review the WBS and WBS dictionary

Analyze the responsibility assignment matrix

Refer to the resource management plan

Answer 48

Correct Option:D

EXPLANATION

To identify the appropriate training for the team members, you should refer to the resource management plan as it identifies the training needs and certification requirements of the team members.

Question 49

135A cost plus incentive fee (CPIF) contract has an estimated cost of $250,000 with a predetermined fee of $15,000. If the seller can save the buyer any money, the sharing ratio will be 75/25 (buyer/seller). The maximum fee is $24,000, and the minimum fee is $8,000. The actual cost of the project is $225,000. What will be the final fee for the seller and the total savings for the buyer?
SELECT THE CORRECT ANSWER

$21,250, $18,750

$15,000, $25,000

$25,000, $20,000

None of the above

Answer 49

Correct Option:A

EXPLANATION

Here target cost = $250,000, and actual cost = $225,000. Thus, savings = $250,000 - $225,000 = $25,000. Seller portion of savings is 25 % of $25,000 = $6,250. Buyer portion of savings is 75 % of $25,000 = $18,750. Final fee for seller is $15,000 - $6,250 = $21,250. Thus, total cost for the buyer is $225,000 + $21,250 = $246,250.

Question 50

137While managing an ERP project, you realize the targeted project end date will be delayed by several days. Upon further investigation, you identify some activities that can be performed in parallel. You also realize that you have not fully utilized some of your resources in the project. What will be the BEST course of action in this situation?
SELECT THE CORRECT ANSWER

Apply leads and lags

Apply resource leveling

Apply fast tracking and crashing

Develop a new project schedule

Answer 50

Correct Option:C

EXPLANATION

Fast Tracking and Crashing a schedule are techniques used to evaluate the Critical Path and relationships between tasks to optimize a schedule.

Question 51

143Your team has estimated that there is a 40 percent probability of a delay in the receipt of required parts with an additional cost of $15,000 to the project. This delay will cost the company $20,000 in lost business. Upon further investigation, you identified that if an existing component could be adapted, it would save the project $10,500 in engineering costs. There is a 30 Percent probability that the team can take advantage of that opportunity. What is the total expected monetary value (EMV) of these two events?
SELECT THE CORRECT ANSWER

10850

-10850

14000

3150

Answer 51

Correct Option:B

EXPLANATION

EMV is a form of decision tree analysis used to select the best of several alternative courses of action. Each decision note has an input based on the cost and its probability, which produces an output. In this case, one of the branches of the decision tree would be a 40% chance of an $15,000 in additional costs and a resultant loss of $20,000 in revenue, so the total impact would be .4 * (-$15,000 + -$20,000) = -$14,000 . The other branch for the new component has $10,500 in cost savings, so the net effect is $10,500 * .3 = $3,150. We add the -$14,000 and the $3,1,50 to get the Expected Monetary Value of both decision tree paths, which equals -$10,850

Question 52

144You are overseeing a project to implement a payroll application and are currently in the Identify Risks process of identifying and documenting the projects risks. Which of the following information gathering techniques is NOT used in the Identify Risks process?
SELECT THE CORRECT ANSWER

Checklist analysis

The Delphi technique

Interviewing

Brainstorming

Answer 52

Correct Option:B

EXPLANATION

Delphi technique is not used in identify risk process. Delphi technique is a secret balloting typically used while gathering information. This can be used before unanimity under the voting technique while collecting requirements.

Question 53

147You are trying to identify and categorize as many potential risks as possible in the mission critical project that you are overseeing. Which of the following will NOT help you with your effort?
SELECT THE CORRECT ANSWER

Root cause analysis

Brainstorming

SWOT analysis

Risk register

Answer 53

Correct Option:D

EXPLANATION

SWOT analysis and information gathering techniques such as brainstorming and root cause analysis technique are used in the Identify Risks process in order to identify and categorize potential risks in the project. Risk register is an output of the Identify risks process.

Question 54

149Which of the following statements is FALSE about qualified sellers list in a project?
SELECT THE CORRECT ANSWER

It is a list of preapproved or prequalified prospective sellers interested in and capable of doing contract services for the organization.

It is a part of the project management plan.

It is a list of prescreened sellers.

It is a tool in the Conduct Procurement process.

Answer 54

Correct Option:D

EXPLANATION

A qualified sellers list is a list of preapproved or prequalified prospective sellers interested in and capable of doing contract services for the organization. Prequalified sellers for a project are entered into the procurement management plan, which is a part of the project management plan, as an output of the plan Procurement process. The qualified seller list is used as an input in the Conduct Procurement process, not as a tool and technique.

Question 55

152Your organization has the resources only to work on one of two potential projects and decides to use the net present value (NPV) to assess and select the best project for the organization. Project Alpha has an NPV of $45,000 and Project Beta has an NPV of $60,000. Project Alpha will take 3 years to complete and Project Beta will take 4 years. What will be the opportunity cost of the project chosen?
SELECT THE CORRECT ANSWER

60000

45000

25000

105000

Answer 55

Correct Option:B

EXPLANATION

The opportunity cost reflects the cost of the foregone solution. By selecting Project Beta, which has a higher NPV, you are foregoing the opportunity to complete Project Alpha with an NPV of $45,000.

Question 56

157You are a project manager struggling with your communication skills. You like to keep to yourself unless prompted for your input. On the other hand, Steve is highly regarded by everyone and very well liked. You consider Steve to be your role model as he is capable of getting others to see his way on many issues. What type of power does Steve possess?
SELECT THE CORRECT ANSWER

Expert power

Reward power

Referent power

Legitimate power

Answer 56

Correct Option:C

EXPLANATION

Reference power is based on referring to someone in a higher position to leverage some of the superior’s power. This power is also based on the charismatic personality of the project manager and the respect that he engenders.

Question 57

160As a project manager, you have collected information about Sabrina, a team member, from multiple sources, including other team members and management staff. You have identified several areas for improvement for Sabrina that you want to discuss with her. You are particularly concerned that Sabrina is having a lot of conflicts with other team members. During your one-on-one meeting, both of you agree on a training program to address the conflicts with other team members. You ensure that Sabrina understands she needs to submit her status and progress reports at the beginning of every week. Which action are you currently engaged in with Sabrina?
SELECT THE CORRECT ANSWER

Observation and conversation

Project performance appraisal

Team performance assessment

Conflict management

Answer 57

Correct Option:B

EXPLANATION

While performing project performance appraisal, the project management team meets with the team members and provides feedback about team members’ performance and how effectively they are performing their tasks. 360 degree feedback provides feedback from different sources, including peers, superiors, and subordinates, and sometimes includes vendors and external contractors.

Question 58

161There is an issue with one of the manufacturing processes that is used to create the required parts for routers and switches that your company produces. What should you use to identify the cause of this issue and the effect it may have on your project?
SELECT THE CORRECT ANSWER

Continuous improvement

Histogram

Ishikawa diagram

Flow chart

Answer 58

Correct Option:C

EXPLANATION

Ishikawa diagram or cause and effect diagram is a tool used to systematically identify and present all the possible causes and sub-causes of a particular problem in a graphical format. It can help in quality control by identifying the causes that contribute to a specific quality problem. Cause and effect diagrams are particularly useful for identifying the causes of risks.

Question 59

165When conflict occurs in a project, it has to be resolved following a specific approach based on the conflict type. Which of the following is NOT a conflict resolution technique?
SELECT THE CORRECT ANSWER

Collaborate

Accept

Compromise

Smooth

Answer 59

Correct Option:B

EXPLANATION

Collaborate, Compromise, Smooth, Force, and Withdraw are the conflict resolution techniques.

Question 60

166Active involvement of the project stakeholders is essential to ensure that information and knowledge is shared regularly so that better visibility of the project status can be obtained. The team also builds trust while engaging regularly. Which of the following is most effective at building trust among stakeholders?
SELECT THE CORRECT ANSWER

Communication

Contribution

Collaboration

Connection

Answer 60

Correct Option:C

EXPLANATION

Effective collaboration builds trust among stakeholders.

Question 61

169You are overseeing a software project to develop a new video console game. Which of the following statements is TRUE about your project?
SELECT THE CORRECT ANSWER

A phase will not start until the deliverables for the previous phase have been reviewed and approved.

Your internal and external stakeholders will have the same level of influence throughout your project.

Any scope change during the initial phase of the project will be very time consuming and expensive.

You will be acquiring several team members during the executing phase.

Answer 61

Correct Option:D

EXPLANATION

Your project can move into a subsequent phase even if the deliverables of the prior phase are not completely approved. Any scope change in the initial stage will be the least expensive and consume the least amount of time. Stakeholder influence is highest at the start and diminishes as the project proceeds. You will mostly acquire your team members during the executing phase.

Question 62

170While overseeing a new smartphone application development project, you notice that your team is measuring the quality of an item on a pass/fail basis. Which of the following methods is the team using?
SELECT THE CORRECT ANSWER

Mutual exclusivity

Statistical independence

Normal distribution

Attribute sampling

Answer 62

Correct Option:D

EXPLANATION

Attribute sampling is a method of measuring quality that involves observing the presence (or absence) of some characteristics (attributes) in each of the units under consideration to determine whether to accept the lot, reject it, or inspect another lot.

Question 63

177Workarounds, or unplanned responses to emerging risks that were previously unidentified or accepted, are determined during _______.
SELECT THE CORRECT ANSWER

Plan Risk Management process

Monitor Risks process

Plan Risk Responses process

Perform Quantitative Risk Analysis process

Answer 63

Correct Option:B

EXPLANATION

The project must be in the Monitor Risks process if risks have occurred. Workarounds are unplanned responses developed to deal with the occurrence of unanticipated risk events that were not included in the risk register.

Question 64

178There are 36 communication channels in your project. How many members do you have in your team?
SELECT THE CORRECT ANSWER

9

10

36

18

Answer 64

Correct Option:A

EXPLANATION

Number of communication channels = n(n-1)/2, where n= number of members in the team, so 9(9-1)/2 = 72/2 = 36 You have 9 members in the team to have 36 communication channels.

Question 65

179While identifying risks in your project, your team cannot find an efficient way to reduce the impact and probability or to insure against one of the risks. The relevant work is integral to the project; thus, you cannot simply remove the work package. There is no suitable company to outsource the work to either. What is the best course of action in this situation?
SELECT THE CORRECT ANSWER

Identify ways to transfer the risk

Accept the risk and have contingency reserves

Identify ways to avoid the risk

Keep looking for ways to mitigate the probability and impact of the risk

Answer 65

Correct Option:A

EXPLANATION

Transferring risk may increase costs but will assist in moving the risk from the primary to another group or entity, lowering the overall risk exposure.

Question 66

8You are working for a healthcare facility and are overseeing the implementation of a new computer infrastructure and office automation project at the local hospital. You have made efforts to ensure that a rigorous test was done and scope was validated prior to any major release in the project. Recently, you made the final delivery to the customer and communicated news of the success to all relevant members of the project. You were surprised when the customer called to inform you that he was not happy with the release as it did not support one of his key functionalities and demanded that the feature be added as soon as possible. What should you do first in this kind of situation?
SELECT THE CORRECT ANSWER

Estimate the time, cost, and resources required to add the feature specified by the customer

Have an urgent meeting with the sponsor to discuss the customer’s concern

Inform the customer that the project has been delivered and closed, and that any addition will be treated as a new project

Perform root cause analysis on how the scope validation and testing procedures missed the key requirement

Answer 66

Correct Option:C

EXPLANATION

Once the project scope has been completed and validated and final delivery has been made, the project is considered completed. Any kind of dispute should be resolved in favor of the customer, but the project manager should also be aware that customers are not always right and should resist in this sort of situation. Once the project is completed, any addition to the project should be considered a new project, and detailed impact analysis should be carried out.