PMP Certification Questions

Q:

The difference between the core process and facilitating processes is 

A) Core process take more time and resources B) Core processes are performed in the same sequence and facilitating processes are intermittent
C) Facilitating processes often require micromanagement in order to be completed on time D) Core Processes are not performed in the same sequence and facilitating processes are
 
Answer & Explanation Answer: B) Core processes are performed in the same sequence and facilitating processes are intermittent

Explanation:

Answer A is incorrect because the core processes do not necessarily take more time and resources than facilitating processes. Answer C is incorrect because core processes are not usually tied with micromanagement of tasks. Answer D is incorrect because core processes are performed in the same sequence on most projects.

Report Error

View Answer Report Error Discuss

Filed Under: PMP Certification

0 6157
Q:

Which of the following is not true about bottom-up estimating?

A) The WBS must be accurate and complete before this process can be used. B) Since the cost is largely independent of the desired accuracy it is the methodology of choice.
C) Its accuracy increases if the activities are smaller. D) It is not a useful methodology in the early project planning phase.
 
Answer & Explanation Answer: B) Since the cost is largely independent of the desired accuracy it is the methodology of choice.

Explanation:

“The cost and accuracy of bottom-up cost estimating is typically influenced by the size and complexity of the individual activity or work package.” PMBOK [7.1.2.4]

Report Error

View Answer Report Error Discuss

Filed Under: PMP Certification

0 5739
Q:

On a systems development project, Richard needs two programmers. He knows John and Smith were able to create a program in 40 days similar to the one he wants to create on his project. He decides to use 40 days as his estimate. This is an example of what type of estimating?

A) Parametric modeling B) Analogous
C) Rule of thumb D) Fixed Rate
 
Answer & Explanation Answer: B) Analogous

Explanation:

Richard is using an estimate based on a project very similar to to his own with staff he will be using.  Answer A is incorrect because perametric modeling involves using a mathematical model to predict costs, such as dollars per line of code. Answer C is incorrect, although close; if the development project is a common item, such as putting down new flooring, a rule -of-thumb measurement can be used, although it is less accurate. Answer D is incorrect because it is not a form of estimating, but a type of pricing.

Report Error

View Answer Report Error Discuss

Filed Under: PMP Certification

1 5697
Q:

The payback period can become an important issue when a large scope project is developed over several years. Maureen has been assigned the responsibility of calculating the payback period for her project that is to be completede in 3 years. The internal rate of return(IRR) is 7% and the annual savings will be $800,000 per year. The total cost is $4,000,000 and the rate of return during this time period is 3%. What is the payback period of Maureen's project?

A) 3 years B) 4 years
C) 5 years D) 13.3 years
 
Answer & Explanation Answer: C) 5 years

Explanation:

The payback period is how long it takes to recoup your investment. In this example, the cost was $4,000,000 and the savings was $800,000 per year. $4,000,000/$800,000 = 5. Therefore, Answer A, B and D are incorrect.

Report Error

View Answer Report Error Discuss

Filed Under: PMP Certification

0 5680
Q:

A process that specifies how formal verification and acceptance of the completed project deliverables will be obtained is a part of which plan?

A) Project integration plan. B) WBS development plan.
C) Configuration management plan. D) Scope management plan.
 
Answer & Explanation Answer: D) Scope management plan.

Explanation:

“The work involved in performing the five processes of Project Scope Management is preceded by a planning effort by the project management team. This planning effort is part of the Develop Project Management Plan process, which produces a scope management plan that provides guidance on how project scope will be defined, documented, verified, managed, and controlled. The scope management plan may be formal or informal, highly detailed, or broadly framed, based upon the needs of the project.”

Report Error

View Answer Report Error Discuss

Filed Under: PMP Certification

2 5420
Q:

The schedule performance index (SPI) is calculated as

A) Planned Value (PV) divided by Earned Value (EV) B) Earned Value(EV) divided by Planned Value (PV)
C) Project duration divided by Earned Value divided by Planned Value (Duration/(EV/PV)) D) Earned Value (EV) minus Planned Value (PV)
 
Answer & Explanation Answer: B) Earned Value(EV) divided by Planned Value (PV)

Explanation:

Answer A is reversed. Answer C is sometimes mistakenly used to forecast project completion (it’s invalid because it does not take into consideration which completed tasks are on the critical path). Answer D is the definition of Schedule Variance. 

Report Error

View Answer Report Error Discuss

Filed Under: PMP Certification

0 5306
Q:

Your company has a policy of having every software project reviewed and approved by the Architecture Review Board prior to the construction  phase of a project. you are currently in the process of activity sequencing. This is a example of what?

A) Gatekeeping B) Milestone
C) New scope for the project D) Project integration
 
Answer & Explanation Answer: B) Milestone

Explanation:

The approval by the Architecture Review Board is a milestone you want to include in activity sequencing so that you can ensure the requirements for meeting the review board's approval are met.  Answer A is tempting because the question references phase-end activities; however, it is not an example of gatekeeping because the project is not being authorized to continue based only on the architecture review.Gatekeeping often involves the review of other factors as well. Answer C is incorect because the requirement of a review board approval does not afect scope. Answer D is incorrect because project integration planning involves project plan development, execution, and integrated change control, which are not related to a review board.

Report Error

View Answer Report Error Discuss

Filed Under: PMP Certification

2 5154
Q:

Typically not referred to as a buffer type in critical chain project management is ______.

A) Free Buffer B) Resource Buffer
C) Project Buffer D) Feeding Buffer
 
Answer & Explanation Answer: A) Free Buffer

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: PMP Certification

8 5031