[Jan-2022] PMP Dumps PDF - PMP Real Exam Questions Answers
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Relevant Concepts & Topics
The PMP exam spans across the following key domains with mentioned percentages
- Business environment 8%
- Process 50%
- People 42%
NEW QUESTION 148
Which is the correct formula for calculating expected activity cost for three-point estimating?
- A. Ce = (C0 + C,,, + 4Cp) / 6
- B. Ce = (C0 + 6Cm + Cp)/4
- C. Ce = (6C0 + Cm + Cp)/4
- D. Ce = (C0 + 4Cm + Cp)/6
Answer: D
Explanation:
Section: Closing
NEW QUESTION 149
The approaches, tools, and data sources that will be used to perform risk management on
a project are determined by the:
- A. Risk attitude
- B. Risk category
- C. Assumption analysis
- D. Methodology
Answer: D
NEW QUESTION 150
Product Reviews, Audits and walk-throughs are performed as part of which process?
- A. Scope Initiation
- B. Scope Verification
- C. Scope Planning
- D. Scope Change Control
Answer: B
NEW QUESTION 151
A work package has been scheduled to cost $1,000 to complete and was to be finished today. As of today, the actual expenditure is $1,200 and approximately half of the work has been completed. What is the cost variance?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: A
Explanation:
Section: Planning
NEW QUESTION 152
When do you perform stakeholder analysis?
- A. When developing the project charter
- B. When creating the project management plan
- C. When putting changes through change control
- D. When defining the project scope
Answer: D
Explanation:
Stakeholder Analysis is one of the tools and techniques of the Scope Definition process. And that shouldn't really be a surprise. After all, the goal of stakeholder analysis is to write down the needs of your stakeholders. And when is it most important to figure out what your stakeholders need? When you're defining the scope of the project work!
NEW QUESTION 153
Since risk is associated with most projects, the best course of action is to:
- A. ignore the risks, since nothing can be done about them and move forward with the project in an expeditious manner.
- B. identify various risks and implement actions to mitigate their potential impact
- C. cover all project risks by buying appropriate insurance
- D. eliminate all known risks prior to the execution phase of the project
- E. avoid projects with clear and present risks
Answer: B
NEW QUESTION 154
You are finalizing all the contracts and ensuring that they are closed. The close procurements process involves all the following administrative actions EXCEPT______________
- A. Finalizing open claims
- B. The procurement administrator is reassigned
- C. Archiving the contracts and contract records for future use
- D. Updating the project records to show the final contract results
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The close procurements process looks at the administration of the contract and not the people responsible or involved with the contract.
NEW QUESTION 155
Which of the following statements are false regarding project time management?
- A. Activity definition involves identifying schedule activities that are required to meet project deliverables
- B. Activity sequencing involves identifying dependencies among schedule activities
- C. Schedule control involving changes to project schedule
- D. Schedule development involves estimating type and qualities of resources required to perform each schedule activity
- E. None of the choices are correct
Answer: D
NEW QUESTION 156
The purpose of using what-if analysis in schedule control is to______________
- A. Document requested changes
- B. Update the activity attributes
- C. Review scenarios to bring the schedule in line with the plan
- D. Provide additional details as to when the schedule baseline should be updated
Answer: C
Explanation:
Section: Mix Questions
Explanation:
A corrective action is anything that is done to bring expected future schedule performance in line with the schedule baseline. Regarding the project schedule, it usually means taking action to speed up the project. One way to determine why the schedule performance is not in line with the plan is what-if analysis, which may address schedule activities and other scenarios other than the activity that is actually causing the variance. It evaluates scenarios in order to predict their effect on the project's outcomes, either positive or negative.
NEW QUESTION 157
Which Knowledge Area involves identifying the people, groups, or organizations that may be impacted by or impact a project?
- A. Project Stakeholder Management
- B. Project Human Resource Management
- C. Project Scope Management
- D. Project Risk Management
Answer: A
NEW QUESTION 158
The formalization of management's attitude toward risk is called _____ .
- A. Probability Analysis.
- B. Sensitivity Analysis.
- C. Decision Theory.
- D. Decision Tree Analysis.
- E. Utility Theory.
Answer: E
NEW QUESTION 159
Which of the following are the part of WBS dictionary except:
- A. Schedule milestone
- B. Activity attributes
- C. Who is responsible for the work
- D. Code of account identified
- E. Statement of work to be performed
Answer: B
NEW QUESTION 160
A team is given an agile project to build a conceptual product for a new customer.
While planning, the project manager is trying to determine the best way to show value to the customer, as the technical requirements are not very detailed.
What should the project manager do to help the client understand the value delivered during project execution?
- A. Conduct a customer demonstration at the end of each build cycle.
- B. Provide the customer with the refined specification during each build cycle.
- C. Show the customer a sprint burndown chart for each build cycle.
- D. Include a planned value (PV) calculation in the sprint report for each build cycle.
Answer: A
NEW QUESTION 161
A client is structured as a matrix organization for an agile project The project manager is working on-site with key stakeholders from different parts of the organization How should the project manager handle the different stakeholders?
- A. This is an agile project, so listen only to the directions of the project manager's supervisor and the functional managers of the organization
- B. All stakeholders are important, so the project manager should follow directions provided by management and key stakeholders
- C. Because there are different perspectives perform a stakeholder analysis and act based on the outcome.
- D. The project manager is working on the client's premises, so follow the directions of all the key stakeholders
Answer: C
NEW QUESTION 162
Which of the following statements are TRUE regarding comparative methods, scoring method, and cash flow analysis?
- A. These are included as part of the product description
- B. These are considered as expert judgment
- C. These are project selection criteria
- D. These are outputs of the initiating process group
- E. These are project selection methods
Answer: E
NEW QUESTION 163
Due to a lack of experience, a team is unable to commit to meeting the approaching data for milestone. What should the project manager do to milestone data?
- A. Send team members to training.
- B. Ask the client if the milestone data can be changes.
- C. Approach team members' functional managers to arrange for training.
- D. Request addition resources.
Answer: B
NEW QUESTION 164
The delphi Method is best suited for:
- A. Overhead rate estimating
- B. Cost Control
- C. Decision-making
- D. Team discussions
Answer: C
NEW QUESTION 165
You completed your stakeholder analysis. How do you want to manage those stakeholders that have a high interest in your project and high power over decisions affecting your project?
- A. Manage them closely
- B. Monitor them occasionally
- C. Keep them satisfied
- D. Keep them informed
Answer: A
Explanation:
Explanation/Reference:
Explanation:
You must manage them closely. High-power/high-interest stakeholders who do not support your project could have a devastating effect on your project.
NEW QUESTION 166
A company announces that is corporate strategy has changed and it will be necessary to close down a division, resulting in job terminations. However, an ongoing project for this division must be completed as scheduled.
Knowing this, project team members are underperforming, and project key performance indicators (KPIs) are declining.
What should the project manager do?
- A. Start planning to cut jobs once the project reaches its last phase
- B. Ensure project execution is unaffected by enforcing contract agreements
- C. Schedule a team-building exercise to help meet project goals
- D. Apply team development techniques such as recognition and rewards
Answer: C
NEW QUESTION 167
You are the project manager for a sewage treatment plant. The government has mandated that you have to ensure that the sewage plant will not adversely impact the neighborhood. From a project perspective, this is a (an):
- A. Assumption
- B. Best Practice
- C. Deliverable
- D. Constraint
Answer: D
NEW QUESTION 168
A vendor delivers an important component that fails to meet quality requirements The vendor only agrees to financially compensate for a part of the delay caused by repairing the components.
What should the project manager do?
- A. Modify the risk management plan to include necessary decisions on the quality management approach.
- B. Revise the quality management plan to address how poor quality should be compensated.
- C. Ask the sponsor to approve additional funds to obtain the component more quickly from another vendor.
- D. Refer to the procurement management plan and request compensation from the vendor in line with the contract.
Answer: D
NEW QUESTION 169
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