Pmi PMP, Practice Kit By Testhill.Com Free Sample

1. You have been criticized that certain specifications in your Scope Statement do not pass the test for SMART objectives. What are SMART objectives?

Objectives specified in far more detail than necessary for a execution of a successful project.

Easily achievable objectives which help you reducing the pressure on yourself and the team.

Objectives that should be achieved in order to attain formal recognition by both the customer and the project sponsor.

Objectives that are described using specific, measurable, assignable, realistic and time-related specifications.

SMART objectives are objectives that are described using specific, measurable, assignable, realistic, and time-related specifications. These objectives are clear and well-defined, allowing for effective planning and execution of a project. By using the SMART criteria, objectives can be more easily understood, tracked, and evaluated, leading to increased chances of success.

Explanation

SMART objectives are objectives that are described using specific, measurable, assignable, realistic, and time-related specifications. These objectives are clear and well-defined, allowing for effective planning and execution of a project. By using the SMART criteria, objectives can be more easily understood, tracked, and evaluated, leading to increased chances of success.

2. Which of the following describes a project:

An ongoing endeavor undertaken to meet customer or market requirement

A set of sequential activities performed in a process or system.

A set of activities performed according to standardized standards to produce same product or service

A temporary endeavor undertaken to create unique product service or result

A project is a temporary endeavor undertaken to create a unique product, service or result (PMBOK Guide-page 5)

Explanation

A project is a temporary endeavor undertaken to create a unique product, service or result (PMBOK Guide-page 5)

3. Project Management is:

A subset of most engineering and Information System discipline.

Application of Critical Path Method and PERT.

The Application of knowledge, skills, wisdom, and science, to organizational activities to achieve operational objectives.

The Application of knowledge, skills, tools, and techniques to project activities to meet project requirements.

Project management is the application of knowledge, skills, tools, and techniques to project actvities to meet project requirement ( PMBOk Guide, page 6

Explanation

Project management is the application of knowledge, skills, tools, and techniques to project actvities to meet project requirement ( PMBOk Guide, page 6

4. At XYZ Inc., the hourly wage for semi-skilled workers is $12.00. The annual audit shows that fringe benefits cost 30% of basic wages, and that overhead costs are 70% of wages plus fringe benefits. What is the "loaded" hourly wage for a semi-skilled worker at XYZ Inc.?

$27.14

$27.96

$31.03

$26.52

$12.00*1.3*1.7

Explanation

$12.00*1.3*1.7

5. Acquire Project Team

Integration Management

Scope Management

Time Management

Cost Management

Quality Management

Human Resources Management

Communications Management

Risk Management

Procurement Management

Human Resources Management involves acquiring, developing, and managing the project team members. This process includes identifying the roles and responsibilities required for the project, recruiting and selecting team members, and providing them with the necessary training and resources. It also involves creating a positive work environment, motivating team members, and resolving any conflicts that may arise. Therefore, the Acquire Project Team process falls under the domain of Human Resources Management.

Explanation

Human Resources Management involves acquiring, developing, and managing the project team members. This process includes identifying the roles and responsibilities required for the project, recruiting and selecting team members, and providing them with the necessary training and resources. It also involves creating a positive work environment, motivating team members, and resolving any conflicts that may arise. Therefore, the Acquire Project Team process falls under the domain of Human Resources Management.

6. You work at a software company that authors Material Safety Data Sheets (MSDS) for chemical companies. Prior to releasing the MSDS to the company you have created a list of items to be reviewed to see that they appear on the document such as: chemical name, CAS#, protection required, what to do an emergency, etc. This is an example of what type of tool?

Checklist

Process Improvement Plan

Quality Management Plan

Quality Metrics

A - The scenario describes a checklist that someone would use to review the document prior to it being released. Creating checklists is a tool in the Plan Quality process.

Explanation

A - The scenario describes a checklist that someone would use to review the document prior to it being released. Creating checklists is a tool in the Plan Quality process.

7. 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 Schedule

Milestone chart

Bar chart

C - A milestone chart displays only the key deliverables and is simple and easy to understand.

Explanation

C - A milestone chart displays only the key deliverables and is simple and easy to understand.

8. Projects create deliverables which include all except:

Product

Results

Services

Activities

Projects create deliverables which are the tangible or intangible outcomes or outputs of the project. These deliverables can include products, results, and services. However, activities are not considered deliverables as they are the actions or tasks undertaken to produce the deliverables. Activities are the steps or processes involved in completing the project and are not considered as the final outputs or outcomes of the project.

Explanation

Projects create deliverables which are the tangible or intangible outcomes or outputs of the project. These deliverables can include products, results, and services. However, activities are not considered deliverables as they are the actions or tasks undertaken to produce the deliverables. Activities are the steps or processes involved in completing the project and are not considered as the final outputs or outcomes of the project.

9. A change request in a project has been rejected some weeks ago. Yesterday, the project manager found out that it nevertheless has been implemented by the team members, who knew of the change request, but not of the rejection. In order to avoid such a situation, Rejected change requests should be consistently communicated to stakeholders through which process?

Report performance

Verify scope

Perform integrated change control

Monitor and control risks

Performing integrated change control is the process that ensures all change requests, whether approved or rejected, are properly communicated to stakeholders. This process involves reviewing, evaluating, and approving or rejecting change requests, as well as communicating the decisions to the relevant stakeholders. By consistently following this process, the project manager can prevent situations where rejected change requests are implemented without stakeholders' knowledge, ensuring that all changes are properly managed and controlled.

Explanation

Performing integrated change control is the process that ensures all change requests, whether approved or rejected, are properly communicated to stakeholders. This process involves reviewing, evaluating, and approving or rejecting change requests, as well as communicating the decisions to the relevant stakeholders. By consistently following this process, the project manager can prevent situations where rejected change requests are implemented without stakeholders' knowledge, ensuring that all changes are properly managed and controlled.

10. You have begun working on a subsequent phase of your project before approval of the current phase of deliverables because you felt the risk involved were acceptable. This practice of overlapping phases is often called:

Crashing

Reverse Resource allocation

Fast tracking

Leveling

Fast tracking is the practice of overlapping phases in a project before the approval of the current phase of deliverables. This is done when the project manager feels that the risks involved are acceptable and wants to expedite the project schedule. By fast tracking, the project can move forward without waiting for the complete approval of the previous phase, which can help save time and potentially accelerate the project's completion.

Explanation

Fast tracking is the practice of overlapping phases in a project before the approval of the current phase of deliverables. This is done when the project manager feels that the risks involved are acceptable and wants to expedite the project schedule. By fast tracking, the project can move forward without waiting for the complete approval of the previous phase, which can help save time and potentially accelerate the project's completion.

11. Acquire final team

Initiating

Planning

Executing

Monitoring and Controlling

Closing

The correct answer is "Executing" because this phase involves carrying out the planned activities, coordinating resources, and managing tasks to achieve the project objectives. It is during this phase that the project team members perform their assigned tasks, and the project manager ensures that the project is progressing as planned. The executing phase is crucial as it is where the actual work is done and progress is made towards completing the project deliverables.

Explanation

The correct answer is "Executing" because this phase involves carrying out the planned activities, coordinating resources, and managing tasks to achieve the project objectives. It is during this phase that the project team members perform their assigned tasks, and the project manager ensures that the project is progressing as planned. The executing phase is crucial as it is where the actual work is done and progress is made towards completing the project deliverables.

12. Which of the following statements is true regarding Close Project?

Close Project occurs at the end of a project phase and at the end of the project.

Close Project occurs at the end of the project phase only.

Close Project occurs at the end of the project only.

Close Project is performed after Contract Closure.

The correct answer is "Close Project occurs at the end of a project phase and at the end of the project." This statement is true because the Close Project process is performed both at the end of each project phase and at the end of the entire project. It involves finalizing all project deliverables, documenting lessons learned, obtaining final acceptance from the customer, and closing all project contracts. This ensures that all project work is completed and all project objectives are met before officially closing the project.

Explanation

The correct answer is "Close Project occurs at the end of a project phase and at the end of the project." This statement is true because the Close Project process is performed both at the end of each project phase and at the end of the entire project. It involves finalizing all project deliverables, documenting lessons learned, obtaining final acceptance from the customer, and closing all project contracts. This ensures that all project work is completed and all project objectives are met before officially closing the project.

13. Which of the following shows roles and responsibilities on your project?

Bar chart

Resource histogram

RACI matrix

Human Resource Management Plan

The RACI matrix shows roles and responsibilities on your project. RACI stands for Responsible, Accountable, Consulted, Informed.

Explanation

The RACI matrix shows roles and responsibilities on your project. RACI stands for Responsible, Accountable, Consulted, Informed.

14. Mary is a project manager at a consulting company. The company regularly builds teams to create products for clients. When the product is delivered, the team is dissolved and assigned to other projects. What kind of organization is she working for?

Weak matrix

Projectized

Functional

Strong matrix

B- Mary is working for a projectized organization. In those companies, the project manager has authority over the team as well as the project.

Explanation

B- Mary is working for a projectized organization. In those companies, the project manager has authority over the team as well as the project.

15. A company that designs and manufactures a series of new bicycles each year may manage the effort more efficiently how?

As a program

As separate design and engineering projects

As separate UPC codes

As independent product lines

A - A program is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.

Explanation

A - A program is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.

16. Fill in the blank: A _______ is a document established by consensus and approved by a recognized body that provides, for common and repeated use, rules, guidelines or characteristics for activities or their results, aimed at the achievement of the optimum degree of order in a given context.

Advisory

Standard

Regulation

Policy

B- Standards ensure reproducible results or products, within a specific set of parameters. Examples of standards are USB 2.0 and the octane rating of gasoline.

Explanation

B- Standards ensure reproducible results or products, within a specific set of parameters. Examples of standards are USB 2.0 and the octane rating of gasoline.

17. Reviews at the end of a phase are known as:

Decision Gates

Kill Points

Stage Gates

All the above

Kill points, stage gates, phase exits, decision gates, and milestones are all synonymous.

Explanation

Kill points, stage gates, phase exits, decision gates, and milestones are all synonymous.

18. Determine quality standards, processes, and metrics

Initiating

Planning

Executing

Monitoring and Controlling

Closing

The correct answer is Planning. In the project management process, planning is the phase where quality standards, processes, and metrics are determined. During planning, the project manager and the team identify the objectives, scope, deliverables, and resources required for the project. They also define the project's quality requirements and establish the processes and metrics to ensure that those requirements are met. Planning sets the foundation for the successful execution of the project by providing a clear roadmap and guidelines for achieving the desired outcomes.

Explanation

The correct answer is Planning. In the project management process, planning is the phase where quality standards, processes, and metrics are determined. During planning, the project manager and the team identify the objectives, scope, deliverables, and resources required for the project. They also define the project's quality requirements and establish the processes and metrics to ensure that those requirements are met. Planning sets the foundation for the successful execution of the project by providing a clear roadmap and guidelines for achieving the desired outcomes.

19. The collection of generally sequential and sometimes overlapping project phases whose name and number are determined by industry and control needs is known as:

Project phases

Project Life Cycle

Project Management Process Group

Product Life Cycle

A project Life Cycle is a collection of generally sequential and sometimes overlapping project phases whose name and number are determined by the management and control needs of the organizations involved in the project, the nature of the project itself, and its area of application. (PMBOK Guide 4th Edition-p 15)

Explanation

A project Life Cycle is a collection of generally sequential and sometimes overlapping project phases whose name and number are determined by the management and control needs of the organizations involved in the project, the nature of the project itself, and its area of application. (PMBOK Guide 4th Edition-p 15)

20. You are running a project for a customer based on a cost reimbursable contract with the following terms:

Target costs:		$	1,000,000
Fixed fee:	$		100,000
Benefit/cost sharing:	80% / 20%
Price ceiling:	$		1,200,000

Which is the PTA (= Point of total assumption, Break point) of the project?

$1,300,000

$1,500,000

$80,000

$1,125,000

The Point of Total Assumption (PTA) is the cost at which the buyer assumes all costs beyond that point. In this case, the PTA is calculated by adding the target costs and the fixed fee, and then dividing it by the buyer's share of the cost sharing ratio (80%). Therefore, the PTA is $1,125,000.

Explanation

The Point of Total Assumption (PTA) is the cost at which the buyer assumes all costs beyond that point. In this case, the PTA is calculated by adding the target costs and the fixed fee, and then dividing it by the buyer's share of the cost sharing ratio (80%). Therefore, the PTA is $1,125,000.

21. Which of the following statements describes best the relationship of quality and grade?

Low grade is always a problem; low quality may be overcome by a good rework and repair process.

Grade is a category or rank given to entities having different functional requirements but the same need for quality.

Both quality and grade can often be improved through intelligent measuring, testing and examining.

Low quality is always a problem as it bears on the ability of an item to meet requirements; low grade may sometimes be acceptable.

The answer explains that low quality is always a problem because it affects the ability of an item to meet requirements. On the other hand, low grade may sometimes be acceptable because it refers to a category or rank given to entities with different functional requirements but the same need for quality. This implies that while low grade may not meet certain requirements, it can still be deemed acceptable in certain circumstances.

Explanation

The answer explains that low quality is always a problem because it affects the ability of an item to meet requirements. On the other hand, low grade may sometimes be acceptable because it refers to a category or rank given to entities with different functional requirements but the same need for quality. This implies that while low grade may not meet certain requirements, it can still be deemed acceptable in certain circumstances.

22. Your Vice President has asked you what the Estimate at Completion is going to be for an extremely small project you are working on. You were given a budget of $30, and to date you have spent $20 but only completed $10 worth of work.

60

Not enough information to estimate.

30

15

A - Estimate at Completion (EAC)=BAC/CPI Budget at Completion (BAC) is $30 in this example Cost Performance Indicator (CPI)= Earned Value (EV) ($10)/Actual Cost ($20), which is .5 EAC=30/.5 EAC=$60

Explanation

A - Estimate at Completion (EAC)=BAC/CPI Budget at Completion (BAC) is $30 in this example Cost Performance Indicator (CPI)= Earned Value (EV) ($10)/Actual Cost ($20), which is .5 EAC=30/.5 EAC=$60

23. All of the following is true about Project Stakeholders except:

They are persons or organizations who are actively involved in the project.

They are persons or organizations whose interests may be positively or negatively affected by the performance or completion of the project.

They are persons or organizations that may exert influence over the project, its deliverables, and the project team members.

They are persons or organizations that are actively supportive of the project.

D- Stakeholders are not always supportive.

Explanation

D- Stakeholders are not always supportive.

24. A project sponsor requested Earned Value Data on two concurrent projects from the project managers. Both projects are regarded as equally important and strategically beneficial and have been finished by over 80%. He received the following information: Project A: PV: $1,800,000 EV: $2,300,000 AC: $2,100,000 Project B: PV: $2,000,000 EV: $1,500,000 AC: $1,600,000 The sponsor considers to shift some resources from Project A to Project B to speed up the second project which is currently behind schedule. What is the most likely outcome of such a measure?

Changing team assignments during late course of a project typically increases cost efficiency.

Changing team assignments during late course of a project typically increases time efficiency.

According to the Law of diminishing returns, the consolidated Cost variance of the two projects will decrease.

According to the Law of diminishing returns, the consolidated Cost variance of the two projects will increase.

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Explanation

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