50 HOT PMP EXAM Questions & Answers

Are You HOT Enough To Pass Your PMP Exam?

David Geoffrey Litten CasaBlanca Publishing Corp 50 HOT PMP Q & A HOT PMP Exam Questions and Answers

50 HOT PMP Q & A

1. You are having problems with a project product that repeatedly fails inspection testing, and you are advised that the design needs further refinement. This will cause cost and time increases to the project. You have raised a change request that has now been approved. What else must you do? Create new quality assurance standards Update the project baselines Create an issue for preventative action Inform the change control board 2. Crashing can: Reduce the schedule by reconnecting series activities to occur in parallel Reduce project cost and duration Reconnect activities so that slack or float is maximized Reduce the schedule by adding extra resources on critical path activities

3. There are outstanding issues, claims, and disputes with one supplier of your project. A common method for addressing these is through: Negotiated settlements Procurement audits Lessons learned Firm fixed price 4. 5. 6. An output of the cost budgeting processes is: Cost performance baseline Projects funding requirements Project schedule updates All the above Which of the following is not considered when calculating cost of quality? Appraisal Quality function deployment Training Rework Which process documents uncertain events that can influence your project objectives? Identify risks Plan risk management Monitor and control risks Plan risk actions

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

50 HOT PMP Q & A

7. 8. When project managers do not have position power, they will need to use: Listening Leadership Influencing Negotiation skills The right to make and approve decisions is: Competency Responsibility level Authority Role definition

9. Which document would be the most appropriate to review if you need to ensure that all project work is complete prior to closing the project. ? Cost performance index Project management plan Schedule management plan Scope management plan 10. In which process is information from the stakeholder register is used? Plan communications Develop project charter Perform quality assurance Distribute information

11. The project manager will need to engage in which activity to effectively manage their project team: Negotiating Norming Enforce project standards Conflict management 12. A risk reassessment is used for: Correct errors from the original risk assessment Check whether assumptions are valid Identifying the risks and recalculate their impact and probability To reconfirm the data accuracy

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

50 HOT PMP Q & A

13. Your project has these details: EV = $450,000, AC = $510,000. Your BAC is $950,000. What is your EAC? $1,207,843 $1,076,666 $1,002,725 $1,325,000 14. You measure completion of product scope against: The product requirements The scope management plan The approved scope statement The project management plan

15. Projects are normally split down into phases to make them easier to manage. Within the initiating process group, which of the following is most likely to be used? Development Concept Testing Planning 16. What are items at the lowest level of the WBS called? Activities Tasks Milestones Work packages

17. A good friend of yours has given you a job as a project manager within his company. Which of the following types of power have you been given? Forcing Referent Expert Formal 18. The Close project process inputs do NOT include which of the following? Variance analysis Project management plan Organizational process assets Accepted deliverables

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

50 HOT PMP Q & A

19. Project objectives should NOT include which of the following? Project budget Projects completion date Quality parameters Risk assessment

20. A defect has been discovered in a product, and you are trying to determine what input may have caused the defect. Which technique of the following would help you to chart this analysis? Ishikawa diagram Run diagram Pareto chart Scatter diagram 21. Which process (where the deliverables are created), will depend most on the nature of the performed work? Define project scope Create WBS Direct and manage project execution Monitor and control project work 22. Which following process as the project charter as an input? 23. 24. Create WBS Collect requirements Control scope Verify WBS Which of the following is identified within the scope statement: The name of the project manager The specialist team for project delivery The project business case Assumptions and exclusions The verify scope process of forms which of the following? Formal acceptance of the project scope Project team sign-offs Formal acceptance of completed project deliverables Formal documentation of the project scope

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

50 HOT PMP Q & A

25. 26. 27. Which of the following stakeholders is responsible for funding the project? Finance department Senior management The sponsor The requestor of the project The output of quantitative risk analysis is: Identifying risks with a close time proximity The probability of achieving your project schedule and cost objectives Provides trend information of qualitative risk analysis Shows the likelihood of achieving your project risk objectives The least favored conflict management approach that a project manager would use is? Avoidance Compromise Collaboration Problem solving

28. Which contract choice would encourage the seller to meet or exceed given project performance criteria? Firm fixed price Cost plus incentive fee Time and material Cost plus fixed price 29. The motivation theory that you most favor, set high standards tied to rewards for work performance, while ensuring that such rewards are seen as beneficial for your team. Which of the following theories do you favor? Reward setting theory Theory X Contingency theory Expectancy theory 30. Which of the following options is an output from the estimate activity resources process? Requested scope changes Resource breakdown structure Authorize changes Activity cost estimates

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

50 HOT PMP Q & A

31. Your project is due for a financial review and you have gathered some data. Your EV is $680,000, your AC is $720,000 and your BAC is $960,000. What is your EAC? $1,000,550 $1,016,470 $1,200,000 $1,100,750 32. 33. 34. 35. 36. Which of the following documents contains a definition of the project cost variance thresholds? The cost baseline The configuration management plan The resource management plan The cost management plan Where is the product lifecycle documented? The project management plan The project scope statement The scope management plan The scope requirements plan What type of chart ranks of the reasons for cost variance? Flowchart Cause and effect diagram Pareto chart Run chart The ability, skills and capacity of an individual to implement project activities is called their: Competency Responsibility Authority Role Which of the following is not an activity within the control scope process? Managing the product and project scope changes Making sure that scope creep does not occur on the project Deliverable verification Obtaining customer sign-off on the final deliverable

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

50 HOT PMP Q & A

37. You are currently negotiating a FPIF contract. The target cost = $400,000 with a target profit of 15%. The incentive split has been decided as 60/40. As of today, the actual costs are $350,000. What is the actual profit? $80,000 $20,000 $40,000 $10,000 38. The purpose of a change control system is to: Assess cost or schedule impacts prior to implementation Ensure that a common plan is used by all project team members Ensure that changes to the SOW are approved All the above

39. When implementing the increased accuracy of a bottom up estimate, what potential downside must be considered? The size of the project The additional cost of estimating The amount of risk within the project The experience of the estimators 40. Your project is approaching the end of a key development phase and you are gathering historic data to prepare for an important project status review. For the past three months you note that the TCPI has been getting progressively larger. What does this signify? Your forecast accuracy is improving Your cost performance is improving Your cost performance is getting worse Your schedule performance is getting better 41. One of your key development resources has been head hunted by a competitor and they have been immediately removed from the project site. For the immediate future, you need to farm out his work to those team resources that remain on the project. Which tool or technique should you use to spread his work among the remaining team? Resource optimization Resource leveling Variance analysis Schedule compression

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

50 HOT PMP Q & A

42. 43. Which process has a primary purpose of maintaining the integrity of project baselines? Perform integrated change control Control the scope Report performance Monitor and control project work The sender within a communication model has the responsibility for: Correct interpretation of the information Making the content clear and complete Ensuring that all the information is received Decoding the message contents

44. You have an unresolved dispute with the supplier during the close project process. You are considering the option of alternative dispute resolution (ADR). What type of option is this? Litigation Arbitration Sublimation Transportation 45. Your project has emerged from an audit with a discrepancy between yourself and your sponsor. In your opinion the discrepancy is not major, but as the sponsor is more senior, you manage the situation by highlighting the many achievements and downplayed the few differences that the audit has identified. This is an example of: Smoothing Compromising Collaborating Avoiding 46. Your project that is producing a particular product must be developed by machinery that is calibrated within very fine tolerances. To ensure that this happens, you have implemented laser controlled measurement devices that constantly monitor this machines set up. To be effective, these devices must have a high degree of: Precision Control Repeatability Accuracy

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

50 HOT PMP Q & A

47. Which of the following options is correct for the Close Project process: It is not mandatory only optional It may occur at the end of each project phase It must occur once per project The process ensures that the project is successful 48. Your project is developing a new product due to be launched at a trade show in November this year. The total investment cost is $2,800,000, and you are expecting to recapture $1,200,00 by February the following year, and the remaining $1,600,00 investment by July of that year. What type of forecast is this called? Future value Payback period Benefit cost ratio Net present value 49. Which is the highest performance level for a project team? Forming Storming Norming Performing

50. As the project manager, you are working closely with your team to ensure they thought was on meeting the project objectives and working as an efficient and effective team. This is an example of: Leadership Listening Negotiation skills Influencing

Okay, so how did you do?

Check out the bolded correct answers:

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

10

50 HOT PMP Q & A

1. You are having problems with a project product that repeatedly fails inspection testing, and you are advised that the design needs further refinement. This will cause cost and time increases to the project. You have raised a change request that has now been approved. What else must you do? Create new quality assurance standards Update the project baselines Create an issue for preventative action Inform the change control board 2. Crashing can: Reduce the schedule by reconnecting series activities to occur in parallel Reduce project cost and duration Reconnect activities so that slack or float is maximized Reduce the schedule by adding extra resources on critical path activities

3. There are outstanding issues, claims, and disputes with one supplier of your project. A common method for addressing these is through: Negotiated settlements Procurement audits Lessons learned Firm fixed price 4. 5. 6. An output of the cost budgeting processes is: Cost performance baseline Projects funding requirements Project schedule updates All the above Which of the following is not considered when calculating cost of quality? Appraisal Quality function deployment Training Rework Which process documents uncertain events that can influence your project objectives? Identify risks Plan risk management Monitor and control risks Plan risk actions

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

11

50 HOT PMP Q & A

7. 8. When project managers do not have position power, they will need to use: Listening Leadership Influencing Negotiation skills The right to make and approve decisions is: Competency Responsibility level Authority Role definition

9. Which document would be the most appropriate to review if you need to ensure that all project work is complete prior to closing the project. ? Cost performance index Project management plan Schedule management plan Scope management plan 10. In which process is information from the stakeholder register is used? Plan communications Develop project charter Perform quality assurance Distribute information

11. The project manager will need to engage in which activity to effectively manage their project team: Negotiating Norming Enforce project standards Conflict management 12. A risk reassessment is used for: Correct errors from the original risk assessment Check whether assumptions are valid Identifying the risks and recalculate their impact and probability To reconfirm the data accuracy

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

12

50 HOT PMP Q & A

13. Your project has these details: EV = $450,000, AC = $510,000. Your BAC is $950,000. What is your EAC? $1,207,843 $1,076,666 $1,002,725 $1,325,000 14. You measure completion of product scope against: The product requirements The scope management plan The approved scope statement The project management plan

15. Projects are normally split down into phases to make them easier to manage. Within the initiating process group, which of the following is most likely to be used? Development Concept Testing Planning 16. What are items at the lowest level of the WBS called? Activities Tasks Milestones Work packages

17. A good friend of yours has given you a job as a project manager within his company. Which of the following types of power have you been given? Forcing Referent Expert Formal 18. The Close project process inputs do NOT include which of the following? Variance analysis Project management plan Organizational process assets Accepted deliverables

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

13

50 HOT PMP Q & A

19. Project objectives should NOT include which of the following? Project budget Projects completion date Quality parameters Risk assessment

20. A defect has been discovered in a product, and you are trying to determine what input may have caused the defect. Which technique of the following would help you to chart this analysis? Ishikawa diagram Run diagram Pareto chart Scatter diagram 21. Which process (where the deliverables are created), will depend most on the nature of the performed work? Define project scope Create WBS Direct and manage project execution Monitor and control project work 22. Which following process as the project charter as an input? 23. 24. Create WBS Collect requirements Control scope Verify WBS Which of the following is identified within the scope statement: The name of the project manager The specialist team for project delivery The project business case Assumptions and exclusions The verify scope process of forms which of the following? Formal acceptance of the project scope Project team sign-offs Formal acceptance of completed project deliverables Formal documentation of the project scope

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

14

50 HOT PMP Q & A

25. 26. 27. Which of the following stakeholders is responsible for funding the project? Finance department Senior management The sponsor The requestor of the project The output of quantitative risk analysis is: Identifying risks with a close time proximity The probability of achieving your project schedule and cost objectives Provides trend information of qualitative risk analysis Shows the likelihood of achieving your project risk objectives The least favored conflict management approach that a project manager would use is? Avoidance Compromise Collaboration Problem solving

28. Which contract choice would encourage the seller to meet or exceed given project performance criteria? Firm fixed price Cost plus incentive fee Time and material Cost plus fixed price 29. The motivation theory that you most favor, set high standards tied to rewards for work performance, while ensuring that such rewards are seen as beneficial for your team. Which of the following theories do you favor? Reward setting theory Theory X Contingency theory Expectancy theory 30. Which of the following options is an output from the estimate activity resources process? Requested scope changes Resource breakdown structure Authorize changes Activity cost estimates

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

15

50 HOT PMP Q & A

31. Your project is due for a financial review and you have gathered some data. Your EV is $680,000, your AC is $720,000 and your BAC is $960,000. What is your EAC? $1,000,550 $1,016,470 $1,200,000 $1,100,750 32. 33. 34. 35. 36. Which of the following documents contains a definition of the project cost variance thresholds? The cost baseline The configuration management plan The resource management plan The cost management plan Where is the product lifecycle documented? The project management plan The project scope statement The scope management plan The scope requirements plan What type of chart ranks of the reasons for cost variance? Flowchart Cause and effect diagram Pareto chart Run chart The ability, skills and capacity of an individual to implement project activities is called their: Competency Responsibility Authority Role Which of the following is not an activity within the control scope process? Managing the product and project scope changes Making sure that scope creep does not occur on the project Deliverable verification Obtaining customer sign-off on the final deliverable

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

16

50 HOT PMP Q & A

37. You are currently negotiating a FPIF contract. The target cost = $400,000 with a target profit of 15%. The incentive split has been decided as 60/40. As of today, the actual costs are $350,000. What is the actual profit? $80,000 $20,000 $40,000 $10,000 38. The purpose of a change control system is to: Assess cost or schedule impacts prior to implementation Ensure that a common plan is used by all project team members Ensure that changes to the SOW are approved All the above

39. When implementing the increased accuracy of a bottom up estimate, what potential downside must be considered? The size of the project The additional cost of estimating The amount of risk within the project The experience of the estimators 40. Your project is approaching the end of a key development phase and you are gathering historic data to prepare for an important project status review. For the past three months you note that the TCPI has been getting progressively larger. What does this signify? Your forecast accuracy is improving Your cost performance is improving Your cost performance is getting worse Your schedule performance is getting better 41. One of your key development resources has been head hunted by a competitor and they have been immediately removed from the project site. For the immediate future, you need to farm out his work to those team resources that remain on the project. Which tool or technique should you use to spread his work among the remaining team? Resource optimization Resource leveling Variance analysis Schedule compression

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

17

50 HOT PMP Q & A

42. 43. Which process has a primary purpose of maintaining the integrity of project baselines? Perform integrated change control Control the scope Report performance Monitor and control project work The sender within a communication model has the responsibility for: Correct interpretation of the information Making the content clear and complete Ensuring that all the information is received Decoding the message contents

44. You have an unresolved dispute with the supplier during the close project process. You are considering the option of alternative dispute resolution (ADR). What type of option is this? Litigation Arbitration Sublimation Transportation 45. Your project has emerged from an audit with a discrepancy between yourself and your sponsor. In your opinion the discrepancy is not major, but as the sponsor is more senior, you manage the situation by highlighting the many achievements and downplayed the few differences that the audit has identified. This is an example of: Smoothing Compromising Collaborating Avoiding 46. Your project that is producing a particular product must be developed by machinery that is calibrated within very fine tolerances. To ensure that this happens, you have implemented laser controlled measurement devices that constantly monitor this machines set up. To be effective, these devices must have a high degree of: Precision Control Repeatability Accuracy

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

18

50 HOT PMP Q & A

47. Which of the following options is correct for the Close Project process: It is not mandatory only optional It may occur at the end of each project phase It must occur once per project The process ensures that the project is successful 48. Your project is developing a new product due to be launched at a trade show in November this year. The total investment cost is $2,800,000, and you are expecting to recapture $1,200,00 by February the following year, and the remaining $1,600,00 investment by July of that year. What type of forecast is this called? Future value Payback period Benefit cost ratio Net present value 49. Which is the highest performance level for a project team? Forming Storming Norming Performing

50. As the project manager, you are working closely with your team to ensure they thought was on meeting the project objectives and working as an efficient and effective team. This is an example of: Leadership Listening Negotiation skills Influencing

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

19

50 HOT PMP Q & A

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P.S. Everything I do believes in challenging the current way that project management training is delivered. My video training products are beautifully designed, simple to absorb in easy steps, and are downloaded direct to your computer. I call these video trainers, Primers Want To Own One? Check out my other Project Management Primers: http://www.prince2primer.com (Pass your PRINCE2 Foundation and Practitioner exams!) http://www.pm-primer.com (Pass Your PMP Exam First Time!) http://www.directingaproject.com (Lean the art of Advanced PRINCE2 Governance) http://www.project-management-primer.com (Introduction to Project Management http://www.apmic-primer.com (Introductory Certificate exam for the APM) http://www.msproject2010primer.com (Master MS Project 2010!) http://www.taskpack.com (Hone your personal assignment skills)

CasaBlanca Publishing Corp | David Geoffrey Litten 2012

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