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 PMP Certification Questions

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Q:

Integration is primarily concerned with

A) ensuring that the time, scope and cost baselines are consistent with an acceptable quality standard and with the customer’s expectations. B) getting people working together effectively toward common project goals through appropriate training, management and leadership.
C) effectively integrating the processes among the project management process groups that are required to accomplish project objectives with an organization’s defined procedures. D) ensuring that all the tools and techniques of the various planning processes are appropriately scaled to the complexity and risk exposure of the project.
 
Answer & Explanation Answer: C) effectively integrating the processes among the project management process groups that are required to accomplish project objectives with an organization’s defined procedures.

Explanation:

Answers A, B and D all result from effectively integrating the work of the project management process groups. PMBOK [4.0]

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Q:

Project Management - Introduction

What is Project Management?

Answer

Project Management is the application of Knowledge, skills, tools and techniques to project activities to meet project requirements. Project Management is accomplished through the application and integraton of the project management processes of  initiating, planning, executing, monitoring and controlling , closing.

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Q:

Project Cost Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Cost Control ?

Answer

I. Inputs



  • Cost baseline

  • Project funding requirements

  • performance reports

  • Work performance information

  • Approved change requests

  • Project management plan


II. Tools and Techniques



  • Cost change control system

  • Performance measurement analysis

  • Forecasting

  • Project performance reviews

  • Project management software 

  • Variance management


III. Outputs



  • Cost estimate (updates)

  • Cost baseline (updates)

  • Performance measurements

  • Forecasted completion

  • Requested changes

  • Recommended corrective actions

  • Organizational process assets (updates)

  • Project management plan (updates)


 

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Q:

Who Creates The Project Charter?

A) Sponser B) Stake holder
C) Customer D) None
 
Answer & Explanation Answer: D) None

Explanation:

The project initiator or sponsor should be at a level that is appropriate to funding the project. They will either create the project charter or delegate that duty to the project manager.

Projects are authorized by someone external to the project such as a sponsor, PMO or portfolio steering committee.

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Job Role: Analyst , Project Manager

9 2596
Q:

Projects come in all sizes and shapes. Many times, project managers must daw from their "toolbox" of processes, tools, or methodologies. How many knowledge areas are described in the Project Management Body of Knowledge ? 

A) 2 - core processes and facilitating processes B) 9
C) 5 - initiation, planning,execution,control, and closing D) 39
 
Answer & Explanation Answer: B) 9

Explanation:

Answer A is incorrect because it pertains to the processes. Answer C is incorrect because these are the five phases of a project. Answer D is incorrect because there are 39 processes, not knowledge areas.

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Q:

A Good CFO will tell you that it is important to look at your bottom line and determine how to increase profits for the organization. Veronica, the new CFO at a local university, is taking that approach and applying it to new projects. Therefore,she wants to include costs from each phase of the project on a total expenditure is known as 

A) An opportunity cost B) A sunk cost
C) NPV D) A life cycle
 
Answer & Explanation Answer: D) A life cycle

Explanation:

Life Cycle costing includes the costs from each phase of the project life cycle when the total investment costs are calculated. Answer A is incorrect because an opportunity cost is the difference between a chosen investment and the one that is passed up. Answer B is incorrect because sunk costs are costs that have been incurred and cannot be reversed. Answer C is incorrect because net present value (NPV) is the present value of cash inflows(benifits) minus the present value of cash outflows (costs).

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Q:

Project Procurement Management - Processes

Describe the Inputs, Tools and Techniques , Outputs included in the Contract Closure?

Answer

I. Inputs



  • Procurement management plan

  • Contract management plan

  • Contract documentation

  • Contract closure procedure


II. Tools and Techniques



  • Procurement audits

  • Records management system


III. Outputs



  • Closed contracts

  • Organizational process assets (updates)

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Q:

Monitoring and Controlling Process Group

What are the Project Management Processes included in Monitoring and Controlling Process Group?

Answer


    • Monitor and Control Project Work

    • Integrated Change Control

    • Scope Verification

    • Scope Control

    • Schedule Control

    • Cost Control

    • Perform Quality Control

    • Manage Project Team

    • Performance Reporting

    • Manage Stakeholders

    • Risk Monitoring and Control

    • Contract Administration


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