100 PMP Assessement Test

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Bernice Acquah
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  • 1/100 Questions

    During the development of the project stakeholder engagement plan, a project manager is usually dependent on the voice of the project stakeholders to obtain an expert opinion. Which of the following is an important tool available to the project manager for gathering and organizing stakeholders’ information?

    • Fishbone diagrams
    • Control charts
    • Histograms
    • Focus groups
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About This Quiz

The '100 PMP Assessment Test' evaluates knowledge essential for effective project management, focusing on stakeholder engagement, scope definition, and process optimization. It is designed for professionals aiming to enhance their project management skills and prepare for PMP certification.

100 PMP Assessement Test - Quiz

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  • 2. 

    Few project managers collect lessons-learned information throughout the project’s life. Most tackle this in the final days of the project or, worse, after the project is complete. What is the negative consequence of this approach?

    •   It makes compiling and obtaining project information difficult.

    • It might result in further expenses on the project.

    • The project’s NPV becomes zero.

    • It requires hiring a specialist to do the job.

    Correct Answer
    A.   It makes compiling and obtaining project information difficult.
    Explanation
    Collecting lessons-learned information throughout the project's life allows for continuous improvement and learning from mistakes or successes. Waiting until the final days or after the project is complete makes it difficult to compile and obtain project information in a systematic and organized manner. This can lead to important insights and knowledge being overlooked or forgotten, hindering future project planning and decision-making.

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  • 3. 

    Recently, a junior team member has challenged the project management approach since not all requirements identified during the Collect Requirements process were documented in the project scope statement. You are the project manager, what should you do first?

    • Remove the junior team member from the team as this is a disciplinary issue.

    • Analyze the objection and determine if the requirements were deliberately dropped during the Define Scope process.

    • Engage the project sponsor to resolve the issue.

    •                Accept your mistake and include the missed requirements.

    Correct Answer
    A. Analyze the objection and determine if the requirements were deliberately dropped during the Define Scope process.
    Explanation
    The correct answer is to analyze the objection and determine if the requirements were deliberately dropped during the Define Scope process. This is the appropriate first step because it allows the project manager to investigate the validity of the junior team member's claim. By analyzing the objection, the project manager can assess whether any requirements were intentionally left out of the project scope statement and take appropriate action based on the findings. This approach demonstrates a proactive and professional response to the challenge, rather than immediately resorting to disciplinary measures or admitting fault without further investigation.

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  • 4. 

    Project knowledge management is concerned with managing which type of project knowledge?

    • Both “explicit” and “tacit” knowledge

    • “Explicit” knowledge; as this can be readily codified

    • “Tacit” knowledge; as this is difficult to express

    • “Tacit” knowledge; as this involves beliefs, insights, experience and “know-how”

    Correct Answer
    A. Both “explicit” and “tacit” knowledge
    Explanation
    Project knowledge management is concerned with managing both "explicit" and "tacit" knowledge. "Explicit" knowledge refers to knowledge that can be easily codified and expressed, such as documented procedures, guidelines, and manuals. "Tacit" knowledge, on the other hand, is more difficult to express and involves beliefs, insights, experience, and know-how. Both types of knowledge are important in project management as they contribute to the overall understanding and effectiveness of the project. Managing both explicit and tacit knowledge allows for a comprehensive approach to knowledge sharing and utilization within the project.

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  • 5. 

    The output of the Validate Scope process is accepted deliverables that are formally signed off by the stakeholders. The stakeholders, on some projects, can get involved with the project as early as:

    • During the project initiation

    • During the project planning

    • During the project execution

    • During the project monitoring & controlling

    Correct Answer
    A. During the project initiation
    Explanation
    During the project initiation, stakeholders can get involved with the project. This is the initial phase of the project where the project objectives and scope are defined. It is important for stakeholders to be involved at this stage to ensure that their requirements and expectations are considered and incorporated into the project plan. By involving stakeholders early on, it allows for better alignment and understanding of the project goals, which increases the likelihood of delivering accepted deliverables that are formally signed off by the stakeholders.

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  • 6. 

    An effective quality audit should be:

    • Structured and independent

    • Informal and independent

    • Informal and internal

    • Structured and internal

    Correct Answer
    A. Structured and independent
    Explanation
    An effective quality audit should be structured in order to ensure that all necessary steps and processes are followed consistently. This helps to identify any potential issues or areas for improvement. Additionally, the audit should be independent to ensure objectivity and impartiality. This means that the auditors should not have any personal or financial interest in the outcome of the audit, allowing them to provide unbiased assessments and recommendations.

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  • 7. 

    A control chart should always contain:

    • Upper and lower warning limits

    • The moving average

    • Upper and lower control limits

    • Upper and lower specification limits

    Correct Answer
    A. Upper and lower control limits
    Explanation
    A control chart should always contain upper and lower control limits because these limits help to identify whether a process is in control or not. The control limits are calculated based on the process data and represent the boundaries within which the process should operate. If data points fall outside of these limits, it indicates that the process is out of control and requires investigation and corrective action. The control limits provide a statistical measure of the process variation and help to determine if the process is stable and capable of meeting specifications.

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  • 8. 

    Maintaining good supplier relationships should be important to all project managers. A good buyer-seller relationship is a partnership that results in a win-win situation that nurtures both parties. Which of the following is both a short- and long-term benefit of treating a supplier with courtesy, honesty, and fairness?

    • There is no need to have formal contracts in place

    • Delivery of quality products and services at the best price

    • The buyer can delay the payments without jeopardizing the relationship

    •        The supplier can charge a price higher than the market price

    Correct Answer
    A. Delivery of quality products and services at the best price
    Explanation
    Treating a supplier with courtesy, honesty, and fairness creates a positive relationship based on trust and mutual respect. This leads to a short-term benefit of receiving quality products and services from the supplier. In the long-term, this positive relationship allows for open communication, collaboration, and negotiation, resulting in the ability to obtain the best price for the products and services.

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  • 9. 

    In general, Perform Qualitative Risk Analysis is:

    • Not often completed

    • Complete and 100 percent accurate

    • In-depth and thorough

    • Focused on high-priority risks

    Correct Answer
    A. Focused on high-priority risks
    Explanation
    Perform Qualitative Risk Analysis is focused on high-priority risks. This process involves assessing and prioritizing risks based on their potential impact and likelihood of occurrence. By focusing on high-priority risks, project teams can allocate resources and develop appropriate risk response strategies to mitigate or avoid these risks. This helps in effectively managing risks and increasing the chances of project success.

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  • 10. 

    George is managing a telecommunication network deployment project. Most of the key project stakeholders are happy with the project so far. However, George has some potential concerns that might become issues in the near future. The next project status update meeting with the key stakeholders is the next day. What should George do?

    • Wait until the concerns become issues

    • Discuss these concerns with the key stakeholders

    • Do not report the concerns in the next meeting but try to mitigate these concerns

    •                 Briefly discuss these concerns in the next meeting but do not make them look                 significant

    Correct Answer
    A. Discuss these concerns with the key stakeholders
    Explanation
    George should discuss these concerns with the key stakeholders. By addressing the concerns in the next project status update meeting, George can ensure that the stakeholders are aware of the potential issues and can work together to find solutions or mitigate the risks. This proactive approach allows for open communication and collaboration, which can help prevent the concerns from escalating into bigger issues in the future.

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  • 11. 

    During a presentation to management, you want to display the project schedule with only the key deliverables displayed. What is the correct tool for this purpose?

    • Project schedule network diagram

    • Critical path network

    • Milestone chart

    • Critical chain diagram

    Correct Answer
    A. Milestone chart
    Explanation
    A milestone chart is the correct tool for displaying the project schedule with only the key deliverables. A milestone chart provides a visual representation of the project schedule, highlighting important milestones or key deliverables. It helps management easily understand the project timeline and the major accomplishments or deliverables that need to be achieved. It is a concise and effective way to communicate the project progress and focus on the key milestones.

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  • 12. 

    Which of these items are important to address when determining each person's role in the project team?

    • Role, authority, responsibility, and competency

    • Role, responsibility, and competency

    • Role and responsibility

    • Role, authority, and competency

    Correct Answer
    A. Role, authority, responsibility, and competency
    Explanation
    When determining each person's role in the project team, it is important to address role, authority, responsibility, and competency. Role refers to the specific position or function that each person will have within the team. Authority is the level of decision-making power that each person will have. Responsibility is the tasks and duties that each person will be accountable for. Competency is the knowledge, skills, and abilities that each person must possess to effectively perform their role. Considering all of these factors is crucial for ensuring that each team member is assigned the appropriate role and has the necessary authority, responsibility, and competency to contribute effectively to the project.

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  • 13. 

    A hierarchical structure of project resources organized by category and resource type, used in planning, managing and controlling project work, is:

    • Team structure

    • Resource Pool

    • Organization Breakdown Structure

    • Resource Breakdown Structure

    Correct Answer
    A. Resource Breakdown Structure
    Explanation
    The correct answer is Resource Breakdown Structure. A Resource Breakdown Structure is a hierarchical structure that organizes project resources by category and resource type. It is used in planning, managing, and controlling project work. This structure helps to identify and allocate resources effectively, ensuring that the right resources are available for each task or activity in the project. It provides a clear overview of the resources needed and their availability, making it easier to manage and monitor resource utilization throughout the project lifecycle.

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  • 14. 

    The Create WBS process identifies the deliverables at the __________ level in the Work Breakdown Structure (WBS).

    • Lowest

    • Any

    • Tenth

    • Highest

    Correct Answer
    A. Lowest
    Explanation
    The Create WBS process is used to break down the project deliverables into smaller, more manageable components. These components are then organized in a hierarchical structure known as the Work Breakdown Structure (WBS). The WBS starts with the highest level deliverables and breaks them down into lower level components. Therefore, the deliverables at the lowest level in the WBS are identified through the Create WBS process.

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  • 15. 

    During the Manage Stakeholder Engagement process, a number of project documents might get updated. Which of the following project documents get updated the most during this process?

    • Stakeholder register

    • Risk register

    • Project reports

    • Project presentations

    Correct Answer
    A. Stakeholder register
    Explanation
    During the Manage Stakeholder Engagement process, the stakeholder register is likely to be updated the most. This is because this process involves actively engaging with stakeholders and managing their expectations and needs throughout the project. As a result, new stakeholders may be identified, existing stakeholder information may change, and their level of engagement may evolve. Therefore, the stakeholder register needs to be regularly updated to reflect these changes and ensure effective stakeholder management.

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  • 16. 

    Which of these processes is not a Project Schedule Management process?

    • Create WBS

    • Develop Schedule  

    •             Define Activities

    • Sequence Activities

    Correct Answer
    A. Create WBS
    Explanation
    The process of creating a Work Breakdown Structure (WBS) is not a Project Schedule Management process. The WBS is a hierarchical decomposition of the project's deliverables and work activities, which is used for organizing and defining the scope of the project. Project Schedule Management processes, on the other hand, involve activities such as developing and controlling the project schedule, sequencing activities, and defining activities. While the WBS is an important tool for project management, it is not directly related to the scheduling of project activities.

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  • 17. 

    Project risks should be identified by:

    • Those invited to the risk identification process only

    • Key project stakeholders only

    • The project manager only  

    •                All project personnel

    Correct Answer
    A.                All project personnel
    Explanation
    All project personnel should be involved in identifying project risks because they have different perspectives and experiences that can contribute to a comprehensive risk assessment. By including all project personnel, the team can identify potential risks from various angles and ensure that no important risks are overlooked. This approach also promotes a sense of ownership and responsibility among team members, increasing their commitment to managing and mitigating risks throughout the project.

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  • 18. 

    Which one do you like?

    • Option 1

    • Option 2

    • Option 3

    • Option 4

    Correct Answer
    A. Option 1
  • 19. 

    Which of the following is a hierarchical representation of project risks?

    • Risk Register

    • Risk Mitigation

    • Risk Categories

    • Risk Breakdown Structure

    Correct Answer
    A. Risk Breakdown Structure
    Explanation
    A Risk Breakdown Structure is a hierarchical representation of project risks. It breaks down the overall project risks into smaller, more manageable components, allowing for a more detailed analysis and understanding of the potential risks involved. This structure helps in identifying, categorizing, and prioritizing risks, which in turn enables effective risk management and mitigation strategies to be developed and implemented.

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  • 20. 

    If the project's current total earned value (EV) is $100,000 and the actual amount spent (AC) is $95,000, what is the cost variance of the project?

    • The cost variance is $1.05

    • The cost variance is $5,000

    • The cost variance is $0.95

    • The cost variance is $-5,000

    Correct Answer
    A. The cost variance is $5,000
    Explanation
    The cost variance is calculated by subtracting the actual amount spent (AC) from the current total earned value (EV). In this case, the EV is $100,000 and the AC is $95,000. Therefore, the cost variance is $100,000 - $95,000 = $5,000.

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  • 21. 

    Each critical project communication requirement must be carefully analyzed. One good way is to use a communication model to design effective communications. What is the sequence of steps in a basic communication model?

    • Encode -> Decode -> Transmit -> Acknowledge -> Feedback

    • Encode -> Transmit -> Decode -> Acknowledge -> Feedback

    • Decode -> Encode -> Transmit -> Acknowledge -> Feedback

    • Encode -> Transmit -> Decode -> Feedback -> Acknowledge

    Correct Answer
    A. Encode -> Transmit -> Decode -> Acknowledge -> Feedback
    Explanation
    In a basic communication model, the first step is to encode the message, which involves converting the information into a format that can be transmitted. The next step is to transmit the encoded message to the recipient. Once the recipient receives the message, they need to decode it, which involves interpreting and understanding the message. After decoding, the recipient acknowledges that they have received and understood the message. Finally, feedback is provided, which allows for any necessary clarification or further communication.

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  • 22. 

    Which of these is not an established Estimate Activity Durations technique?

    • Three Point Estimating

    • Parametric Estimating

    • Analogous Estimating

    • Critical Path Estimation

    Correct Answer
    A. Critical Path Estimation
    Explanation
    Critical Path Estimation is not an established Estimate Activity Durations technique. Estimate Activity Durations is a process in project management that involves estimating the amount of time required to complete each individual activity in a project. Three Point Estimating, Parametric Estimating, and Analogous Estimating are all established techniques used in this process. However, Critical Path Estimation is not a specific technique for estimating activity durations. It is a method used to determine the longest path of dependent activities in a project, which helps in identifying the critical path and the total project duration.

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  • 23. 

    A project manager feels the need of updating one of the project supplier contracts to meet the project’s current needs. However, before any change requests, the project manager must know the right process to incorporate a change into this specific contract. What should he do first?

    • Issue the change request and get it approved through Integrated Change Control process

    • Update the project procurements management plan

    • Review the change request handling procedure as documented in the contract itself

    •                 Review alternative dispute resolution (ADR) procedures in the contract

    Correct Answer
    A. Review the change request handling procedure as documented in the contract itself
    Explanation
    The project manager should first review the change request handling procedure as documented in the contract itself. This is important because the contract may already have a specific process or procedure outlined for making changes. By reviewing this procedure, the project manager can ensure that any changes to the contract are made in accordance with the contract's requirements and that the appropriate steps are followed. This will help to ensure that the change is incorporated correctly and that the project remains in compliance with the contract.

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  • 24. 

    The objective of a transformation project is to move an organization from one state to another state. The desired result of the change driven by the project is described as the:

    • Good state

    • Future state

    • Happy state

    • Transition state

    Correct Answer
    A. Future state
    Explanation
    The objective of a transformation project is to bring about a change in an organization, moving it from its current state to a new state. The desired result of this change is referred to as the "future state." This term implies that the project aims to achieve a state that is different from the current state, indicating progress and improvement. The other options, such as "good state," "happy state," and "transition state," do not accurately capture the idea of moving towards a new and improved state.

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  • 25. 

    Which document describes the project's deliverables and the work required to create those deliverables?

    • Project authorization document

    • Project scope statement

    • Project scope management plan

    • Project charter

    Correct Answer
    A. Project scope statement
    Explanation
    The project scope statement describes the project's deliverables and the work required to create those deliverables. It outlines the objectives, deliverables, and boundaries of the project, providing a clear understanding of what needs to be accomplished. This document helps to define the project's scope and ensures that all stakeholders have a common understanding of the project's goals and objectives. It serves as a reference point throughout the project, guiding the project team and stakeholders in making decisions and managing changes. The project scope statement is an essential document for effective project management.

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  • 26. 

    While identifying risks, you learn that one of the selected vendors may not be as stable as you had initially thought. Therefore, you create a list of backup suppliers and plan a risk response that involves hiring one of the alternate suppliers. During the project execution, you received notice that the selected vendor has just filed for bankruptcy and will not deliver as contracted. What process will be used next to keep your project on track and all stakeholders satisfied?

    • Manage Stakeholder Engagement

    • Implement Risk Responses

    • Plan Risk Responses

    • Perform Qualitative Risk Analysis

    Correct Answer
    A. Implement Risk Responses
    Explanation
    After receiving notice that the selected vendor has filed for bankruptcy, the next process that will be used to keep the project on track and stakeholders satisfied is to implement risk responses. This involves executing the predetermined plan of hiring one of the alternate suppliers that was created during the risk response planning phase. By implementing this risk response, the project can continue without major disruptions and stakeholders can be satisfied that measures were taken to address the risk and find a suitable replacement vendor.

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  • 27. 

    The project team that you are managing is entirely virtual and distributed all over the country. You know that as the project progresses, your team will learn things and gather more information about the project. You would like to ensure all that knowledge and information does not get lost. By managing project knowledge, you can improve current project outcomes as well as support future projects. Which of the following will you need to remember when managing knowledge on this project?

    • Managing project knowledge only involves documenting information so it can be shared.

    • Managing project knowledge only involves obtaining lessons learned.

    • Explicit knowledge can be easily shared but isn't always understood correctly.

    • Tacit knowledge is easy to organize and index.

    Correct Answer
    A. Explicit knowledge can be easily shared but isn't always understood correctly.
    Explanation
    Managing project knowledge involves more than just documenting information. It also involves ensuring that the knowledge is effectively shared and understood by the team members. While explicit knowledge can be easily shared, there is a possibility that it may not be understood correctly by the recipients. Therefore, it is important to consider this when managing knowledge on the project to ensure accurate understanding and application of the knowledge gathered.

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  • 28. 

    What is the primary risk when including reserves, or contingency allowances, in your cost estimate?

    • Canceling your project

    • Understating the cost estimate

    • Overstating the cost estimate

    • Tracking the funds

    Correct Answer
    A. Overstating the cost estimate
    Explanation
    Including reserves or contingency allowances in a cost estimate helps to account for unforeseen events or risks that may increase the project cost. By overstating the cost estimate, it means that the estimate includes more funds than necessary, which provides a buffer for potential risks. This approach ensures that the project budget is prepared for any unexpected expenses, reducing the risk of going over budget.

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  • 29. 

    If you are managing changes to the project's cost baseline, which process are you using?

    • Negotiate Costs

    • Estimate Costs

    • Control Costs

    • Determine Budget

    Correct Answer
    A. Control Costs
    Explanation
    The correct answer is Control Costs because this process involves monitoring and controlling the project's cost performance. It includes activities such as tracking actual costs, comparing them to the planned costs, and taking corrective actions if necessary. This process ensures that the project stays within the approved budget and helps in managing changes to the project's cost baseline.

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  • 30. 

    In order to facilitate project configuration and change management on complex projects, a project manager relies on configuration and change management tools. Such tools:

    • Can be manual or automatic; the selection depends on the project’s environment and requirements.

    • Must be manual; a complex project requires all change requests to be manually signed.

    • Must be automatic; a complex project requires complex change control procedures.

    • Change control must be manual, but the configuration control may be automatic.

    Correct Answer
    A. Can be manual or automatic; the selection depends on the project’s environment and requirements.
    Explanation
    The explanation for the given correct answer is that the selection of configuration and change management tools can be either manual or automatic depending on the project's environment and requirements. This means that the project manager has the flexibility to choose the most suitable tool based on the specific needs of the project. It allows for customization and adaptability, ensuring that the project's configuration and change management processes are effective and efficient.

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  • 31. 

    Jane is currently reviewing a list of project proposals. All the proposed projects achieve some of the organizational strategic objectives and their expected costs are known. However, Jane cannot execute all the projects due to the funding limitation. How shall Jane determine which projects she needs to execute this year?

    • Select the high-budget projects and drop the low-budget projects

    • Select the low-budget projects and drop the high-budget projects

    • Select the projects that maximize organizational revenue

    • Select the projects that maximize the business value

    Correct Answer
    A. Select the projects that maximize the business value
    Explanation
    Jane should determine which projects to execute this year based on the projects that maximize the business value. This means that she should prioritize projects that have the highest potential to contribute to the overall success and goals of the organization. By selecting projects that maximize the business value, Jane can ensure that the limited funding is allocated to initiatives that will have the most significant impact and return on investment for the organization.

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  • 32. 

    If you are creating a new WBS for your project, what should you do to save time during the creation process?

    • Delegate the WBS creation since it is not an important process.

    • Skip the WBS process.

    • Use a previous WBS from a similar project as a template.

    •               Create a less detailed WBS.

    Correct Answer
    A. Use a previous WBS from a similar project as a template.
    Explanation
    Using a previous WBS from a similar project as a template can save time during the creation process of a new WBS. This is because a previous WBS can serve as a starting point and provide a structure that can be adapted and customized for the current project. It eliminates the need to start from scratch and allows for the reuse of existing work breakdown structures, saving time and effort in creating a new one.

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  • 33. 

    Henry is the project manager for a process improvement project. Henry is a recently hired Six Sigma expert. David is the process owner of the process Henry must optimize. During the project kick-start meeting with the project sponsor, David said he supports all continuous improvement efforts. However, David is unaware of the Six Sigma technique and feels threatened by the newly hired expert, and as a result, is blocking Henry’s ideas. What is David’s current engagement level with the project?

    • Unaware

    • Supportive

    • Resistant

    • Neutral

    Correct Answer
    A. Resistant
    Explanation
    Based on the given information, David is feeling threatened by the newly hired Six Sigma expert and is blocking Henry's ideas. This indicates that David is resistant to the project and not fully engaged.

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  • 34. 

    If you want to reduce the number of quality inspections and reduce the cost of quality control for your project, which technique should you use?

    • Run Chart

    • Defect Repair Review

    • Statistical Sampling

    • Pareto Chart

    Correct Answer
    A. Statistical Sampling
    Explanation
    Statistical Sampling is the appropriate technique to reduce the number of quality inspections and minimize the cost of quality control for a project. This technique involves selecting a representative sample from the population and analyzing it to make inferences about the entire population. By using statistical sampling, a smaller sample size can be used to assess the quality of the entire project, reducing the time and resources required for inspections. This technique allows for a more efficient and cost-effective approach to quality control.

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  • 35. 

    As you create the Activity List, which technique is recommended for subdividing the project into smaller components called activities?

    • Decomposition

    • Rolling Wave Planning

    • Expert Judgment

    • Deconstruction

    Correct Answer
    A. Decomposition
    Explanation
    Decomposition is the recommended technique for subdividing the project into smaller components called activities when creating the Activity List. Decomposition involves breaking down the project scope and deliverables into smaller, more manageable activities. This technique allows for a more detailed understanding of the project and helps in identifying the necessary steps and tasks required to complete the project successfully. By decomposing the project, it becomes easier to estimate the resources, time, and cost required for each activity, leading to better project planning and execution.

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  • 36. 

    The technique most commonly used by project management software packages to construct a project schedule model is:

    • Precedence diagramming method (PDM)

    • Finish-to-Start (FS)

    • Activity-In-Node (AIN)

    • Node-On-Activity (NOA)

    Correct Answer
    A. Precedence diagramming method (PDM)
    Explanation
    Project management software packages commonly use the Precedence Diagramming Method (PDM) to construct a project schedule model. PDM is a technique that represents the logical relationships between project activities using nodes and arrows. It allows for the identification of dependencies and the sequencing of activities based on their relationships. This method is widely used because it provides a visual representation of the project schedule, making it easier to understand and manage. Additionally, PDM allows for the identification of critical paths and helps in determining the project's duration and resource requirements.

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  • 37. 

    Midway through a project, a project manager determined the project was running far behind schedule. If the project manager needs to shorten the project schedule without changing the project scope, which of the following schedule compression techniques could he use?

    • Crashing

    • Reserve Analysis

    • Forecasting

    • Last Tracking

    Correct Answer
    A. Crashing
    Explanation
    Crashing is a schedule compression technique that the project manager can use to shorten the project schedule without changing the project scope. It involves adding additional resources to the project to complete it faster. By allocating more resources, tasks can be completed in a shorter time frame, thereby compressing the schedule. This technique is effective when time is the critical factor and additional resources are available. Reserve analysis is a technique used to determine the amount of contingency reserves needed for the project, while forecasting involves predicting future project outcomes. Last tracking is not a recognized schedule compression technique.

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  • 38. 

    Where would you find a detailed list and description of specific project assumptions associated with the project?

    • Project charter

    • Project scope statement

    • Project configuration document

    • Change management plan

    Correct Answer
    A. Project scope statement
    Explanation
    A detailed list and description of specific project assumptions associated with the project can be found in the project scope statement. This document outlines the project's objectives, deliverables, and boundaries, and includes information about the assumptions made during the planning phase. It provides a clear understanding of what is included and excluded from the project, helping to manage expectations and guide decision-making throughout the project lifecycle. The project scope statement is an essential document for project managers and stakeholders to refer to when making project-related decisions.

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  • 39. 

    Which of the following is not an organizational process asset used during the Plan Resource Management process?

    • Template for resource management plan

    • Resource management policies and procedures

    • Historical information about previous projects

    • Standardized stakeholder list

    Correct Answer
    A. Standardized stakeholder list
    Explanation
    The standardized stakeholder list is not an organizational process asset used during the Plan Resource Management process. This process involves identifying and documenting the project roles, responsibilities, and reporting relationships, as well as the staffing management plan. The other options, such as the template for resource management plan, resource management policies and procedures, and historical information about previous projects, are all examples of organizational process assets that are typically used in this process.

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  • 40. 

    After brainstorming potential project risks, what is the recommended method for prioritizing these risks and their mitigation plans?

    • RACI chart

    • Control chart

    • Fishbone diagram

    • Probability and impact matrix

    Correct Answer
    A. Probability and impact matrix
    Explanation
    The recommended method for prioritizing project risks and their mitigation plans is by using a probability and impact matrix. This matrix allows for the assessment of the likelihood of a risk occurring and the potential impact it would have on the project. By assigning a numerical value to both the probability and impact, risks can be prioritized based on their overall risk score. This helps project managers focus on the most critical risks and develop appropriate mitigation strategies to address them.

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  • 41. 

    During the Control Procurements process, a number of documents might get updated due to various reasons. Which of the following components of the project management plan is least likely to get updated during this process

    • Quality management plan

    • Procurement management plan

    • Schedule baseline

    • ​​​​Cost baseline

    Correct Answer
    A. Quality management plan
    Explanation
    During the Control Procurements process, the Quality management plan is least likely to get updated. This is because the Control Procurements process primarily focuses on managing and controlling the procurement activities and contracts, rather than directly impacting the quality management aspects of the project. The Quality management plan outlines the processes and procedures for ensuring and controlling quality throughout the project, and it is typically updated during quality control activities or when there are significant changes to the project scope or requirements.

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  • 42. 

    The Requirements Traceability Matrix helps in tracing all the following except:

    • Requirements to project objectives

    • Requirements to project scope

    • Requirements to test strategy

    •                  Requirements to project risk

    Correct Answer
    A.                  Requirements to project risk
    Explanation
    The Requirements Traceability Matrix is a tool used in project management to ensure that all requirements are linked to their sources and can be traced throughout the project lifecycle. It helps in establishing a clear relationship between requirements and various project aspects such as objectives, scope, and test strategy. However, it does not specifically trace requirements to project risks. Therefore, the correct answer is "Requirements to project risk."

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  • 43. 

    What is the traditional way to display a reporting structure among project team members?

    • Text-oriented role description

    • Flowchart

    • Project organization charts

    • Matrix-based responsibility chart

    Correct Answer
    A. Project organization charts
    Explanation
    Project organization charts are the traditional way to display a reporting structure among project team members. These charts visually represent the hierarchy and relationships within a project team, showing the different roles and positions and how they are connected. This allows team members to understand who they report to and who they are responsible for, helping to establish clear lines of communication and accountability within the project.

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  • 44. 

    During which stages of a project should the project manager be most active in managing project stakeholders’ needs and expectations?

    • Initiating and planning

    • Planning and executing

    • Executing and controlling

    •        Controlling and closing

    Correct Answer
    A. Initiating and planning
    Explanation
    During the initiating and planning stages of a project, the project manager should be most active in managing project stakeholders' needs and expectations. This is because these stages involve defining the project scope, objectives, and stakeholders, as well as identifying their needs and expectations. By actively managing stakeholders' needs and expectations during this early phase, the project manager can ensure that they are properly understood and incorporated into the project plan, leading to a more successful and satisfactory outcome for all parties involved.

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  • 45. 

    If you are working on a project where there is no definite detailed scope, but there are similar projects in the past, what is the correct Estimate Activity Durations tool to use?

    • Analogous Estimating

    • Parametric Estimating

    • Critical Path Estimation

    • Three Point Estimating

    Correct Answer
    A. Analogous Estimating
    Explanation
    Analogous Estimating is the correct Estimate Activity Durations tool to use in a project where there is no definite detailed scope but there are similar projects in the past. Analogous Estimating uses the actual durations of similar activities from previous projects as a basis for estimating the durations of activities in the current project. It relies on historical data and expert judgment to provide a quick and rough estimate of activity durations. This method is useful when there is limited information available and can help in providing a preliminary estimate for planning purposes.

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  • 46. 
    The following table contains information about activities and their durations (in days) and predecessors on a project schedule. Following an approved change request, you have increased the duration of activity C from 1 to 5 and decreased the duration of activity D from 5 to 2. You have adjusted the baselines accordingly. What would be the most likely result of your actions? - ProProfs

    The following table contains information about activities and their durations (in days) and predecessors on a project schedule. Following an approved change request, you have increased the duration of activity C from 1 to 5 and decreased the duration of activity D from 5 to 2. You have adjusted the baselines accordingly. What would be the most likely result of your actions?

    • The duration of the project will not change.

    • The project risk will increase.

    • The quality of the deliverables will degrade.

    • Customer satisfaction will improve

    Correct Answer
    A. The project risk will increase.
    Explanation
    By increasing the duration of activity C and decreasing the duration of activity D, the project schedule will be impacted. This change may lead to a delay in the completion of the project, which increases the risk of not meeting the project's objectives, deadlines, and budget. Therefore, the most likely result of these actions is an increase in project risk.

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  • 47. 
    Using the decision matrix shown below, what is the EMV for the upgrade option? - ProProfs

    Using the decision matrix shown below, what is the EMV for the upgrade option?

    • $36M

    • $46M

    • $70M

    • $10M

    Correct Answer
    A. $46M
    Explanation
    The EMV for the upgrade option is $46M. This is determined by using the decision matrix shown, where each option is assigned a monetary value. The EMV, or Expected Monetary Value, is calculated by multiplying the probability of each option occurring by its monetary value and summing them up. In this case, the $46M option has the highest value, indicating that it is the most likely outcome and therefore the recommended choice.

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  • 48. 

    During the development of the project stakeholder engagement plan, the project manager is usually dependent on the expert judgment of senior stakeholders to identify and plan effective stakeholder management strategies. Which of the following stakeholders cannot guide the project manager in developing effective strategies for internal stakeholders?

    • Sponsor

    • Identified key stakeholders

    • Customers

    • Project team members

    Correct Answer
    A. Customers
    Explanation
    Customers cannot guide the project manager in developing effective strategies for internal stakeholders because customers are external stakeholders. The project manager relies on the expert judgment of senior stakeholders to identify and plan effective stakeholder management strategies, and customers do not fall into this category.

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  • 49. 

    A business is considering more than a dozen infrastructure upgrade projects. These projects, once delivered, will add to the organization’s overall performance but will not contribute to any of the revenue streams. Prior to initiating any such project, the value of the project to the organization must be determined. Which of the following is the most important factor to consider in such a scenario?

    • Net Present Value (NPV) of the projects

    • Internal Rate of Return (IRR) of the projects

    • Alignment with the strategic goals

    • Investment requirement

    Correct Answer
    A. Alignment with the strategic goals
    Explanation
    In this scenario, the most important factor to consider when determining the value of the infrastructure upgrade projects is their alignment with the strategic goals of the organization. Since these projects will not contribute to any revenue streams, it is crucial to ensure that they align with the overall objectives and direction of the business. By considering the strategic goals, the organization can prioritize projects that will have the greatest impact on its performance and long-term success. Net Present Value (NPV) and Internal Rate of Return (IRR) are important financial metrics, but in this case, they may not be as relevant since the focus is on overall performance rather than financial returns. Investment requirement is also important, but it should be evaluated in conjunction with the alignment with strategic goals to make informed decisions.

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Quiz Review Timeline (Updated): Mar 13, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 13, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Mar 11, 2020
    Quiz Created by
    Bernice Acquah
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