PMI PMI-002 PMI-002 (CAPM) Certified Associate in Project Management (CAPM) Certification Practice Test Version 5.2 PMI PMI-002: Practice Exam QUESTION NO: 1 A contract cannot contain _____________. A. Illegal activities B. deadline for the completion of the work C. Penalties and fines for disclosure of intellectual rights D. Al1 of the above Answer: A QUESTION NO: 2 .co Which one of the following comes first in the project plan? m Explanation: A contract cannot contain illegal activities. A contract can contain other options available. lTe sts A. Scope Statement B. Quality Plan C. WBS D. Development Plan Answer: A Ac tua Explanation: Scope statement comes first in the project plan. Scope statement is the written statement of project. It contains: Project objectives, Project justification, Project deliverables QUESTION NO: 3 You are project manager of a project. During the process of selecting the sellers, you reject one vendor because it doesn't have the manufacturing capability. This is an example of which selection tool? A. Weighting system B. Screening system C. Seller rating system D. Expert judgment Answer: B Explanation: "Pass Any Exam. Any Time." - www.actualtests.com 2 PMI PMI-002: Practice Exam A screening system rejects sellers that does not meet minimum requirements for the project. QUESTION NO: 4 ______________ provides details about how the project scope may be changed. A. Control Scope system B. VeiirV Scope C. Scope Charter D. Scope Management plan Answer: D .co m Explanation: The scope management plan provides details about how the project scope may be changed. QUESTION NO: 5 sts Which of the following technique to identify the underlying cause of a problem and take steps to prevent further occurrence? tua lTe A. Root cause analysis B. Quality audits C. Project audits D. Risk audits Answer: A Ac Explanation: Root cause analysis: A technique to identify the underlying cause of a problem and take steps to prevent further occurrence. QUESTION NO: 6 Which of the following provides the least accurate in estimating? A. Rough order of magnitude B. Budget estimate C. WBS estimate D. Definitive estimate Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 3 PMI PMI-002: Practice Exam Explanation: The rough order of magnitude is the least accurate approach, as it may vary from -25 percent to +75 percent. QUESTION NO: 7 Who has the responsibility for informing the final deliverable to all stakeholders? A. Project Manager B. Sponsor C. Team Lead D. Management m Answer: A .co Explanation: Project Manager has the responsibility for informing the final deliverable to all stakeholders. sts QUESTION NO: 8 lTe What is a corrective action? tua A. An action that brings future project events Into alignment with the project plan B. An action to correct something in the project C. An action to prevent something in the project D. Corrective action is not related to project Ac Answer: A Explanation: Corrective action: An action that brings future project events into alignment with the project plan QUESTION NO: 9 Assumptions are factors that, for planning purposes, are considered to be ______. A. True, real, or certain B. True, real, or uncertain C. Real D. Verbal Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 4 PMI PMI-002: Practice Exam Explanation: PMBOK describes assumptions as "factors that, for planning purposes, are considered to be true, real, or certain." QUESTION NO: 10 A complete set of indexed project records is called __________. A. Project archives B. Index C. sow D. Project History m Answer: A .co Explanation: A complete set of indexed project records for archiving by the appropriate parties. sts QUESTION NO: 11 Ac A. Functional B. Balanced matrix C. Piojectized D. Strong Matrix tua lTe You are managing a project that will implement a new Insurance software package. Two project team members have difficulty working together. They come to you, for help resolving the issues. You immediately set up a meeting that includes the functional manager. After the meeting you and the functional manager discuss the issues and agree on a solution. What type of organizational structure you are working in? Answer: B Explanation: Balanced matrix: Power is shared between both Functional and Project Manager. In this case you include the functional manager in the meeting therefore it is Balanced matrix organization. QUESTION NO: 12 You have been with the organization; you constantly hear rumours about a certain CAPM failing to live up to the CAPM Code. What you should do? "Pass Any Exam. Any Time." - www.actualtests.com 5 PMI PMI-002: Practice Exam A. You can gather as much information as you can before proceeding B. Confront the person immediately C. Ignore the rumours D. ^ass the rumours along Answer: A Explanation: You can gather as much information as you can before proceeding. QUESTION NO: 13 Who is responsible for issuing the project charter? .co m A. The project manager B. The project sponsor C. The Team lead D. The nianagement sts Answer: B tua QUESTION NO: 14 lTe Explanation: The project sponsor creates and issues the project charter. A. Internal B. External C. Outside D. Assigned Ac In PMBOK, the seller is ________ to the project team. Answer: B Explanation: In PMBOK, the seller is External to the project team. QUESTION NO: 15 Project Quality Management includes: "Pass Any Exam. Any Time." - www.actualtests.com 6 PMI PMI-002: Practice Exam A. Customer satisfaction B. Prevention over inspection C. Continuous improvement D. Al1 of the above Answer: D Explanation: Project Quality Management includes : Customer satisfaction, Prevention over inspection, Continuous improvement, Management responsibility QUESTION NO: 16 .co m You are the project manager of the MKTG Project. The project has a budget of $200,000 and is expected to last 2 years. The project is now 20 percent complete and is on schedule. What is the BAC? sts A. $-00,000 B. $200,00 C. $50,000 D. None of the above lTe Answer: A Ac QUESTION NO: 17 tua Explanation: The BAC is the budget at completion (Total budgeted cost), which is $200,000. A Risk Register is a part of the ________. A. Project Scope Statement B. Project Management plan C. Project Scheduling plan D. Project Charter Answer: B Explanation: The Risk Register is detailed part of the project management plan. "Pass Any Exam. Any Time." - www.actualtests.com 7 PMI PMI-002: Practice Exam QUESTION NO: 18 A Risk Register is a part of the ________. A. Project Scope Statement B. Project Management plan C. Project Scheduling plan D. Project Charter Answer: B Explanation: The Risk Register is detailed part of the project management plan. m QUESTION NO: 19 sts lTe A. Precedence Diagramming Method (PDM) B. Gant Cnart Diagram (GCD) C. Dependency Diagramming Method (DDM) D. Arrow Diagramming Method (ADM) .co Which type of network diagram is also referred to activity-on-arrow (AOA) diagrams? Answer: D QUESTION NO: 20 Ac tua Explanation: The arrow diagramming method (ADM) is also referred to as activity-on-arrow (AOA) diagramming method. Precedence diagramming method (PDM) is also referred to as activity-on-node (AON) diagramming method Create Procurement document is done in _______. A. Plan Procurements B. Conduct Procurements C. Administer Procurements D. Close Procurements Answer: A Explanation: Create Procurement document is done in Plan Procurements process. "Pass Any Exam. Any Time." - www.actualtests.com 8 PMI PMI-002: Practice Exam QUESTION NO: 21 Cost benefit analysis, scorecard modelling, payback periods, and internal rate of return are examples of ____________. A. Enterprise benefits measurement methods when selecting a project B. Integral parts of the SOW C. Ways to ensure stakeholder commitment D. Project selection methods Answer: A .co m Explanation: Projects are seeded from the recognition of a regulatory or business need. Cost benefit analysis, scorecard modelling , payback periods, and internal rate of return are examples of benefits measurement methods when selecting a project. Best Option is A. sts QUESTION NO: 22 lTe Most change requests are a result of _______. Ac Answer: A tua A. Value added change (enhancements) B. Schedule constraints C. Regulatory constraints D. Improvement to the project scope Explanation: Most change requests (CRs) are a result of Value added change (enhancements). QUESTION NO: 23 Based on the PMBOK, who is ultimately responsible for the project quality? A. Project team B. Project manager C. QA manager D. Validation engineer Answer: B "Pass Any Exam. Any Time." - www.actualtests.com 9 PMI PMI-002: Practice Exam Explanation: Project manager is ultimately responsible for the project quality. QUESTION NO: 24 The end of the project comes after which of the following? A. Project charter B. F'na' deliverable C. Schedule D. QA activities are done Answer: B .co m Explanation: Project will close after final deliverable. sts QUESTION NO: 25 lTe The product description of a project can help to create procurement details. Which one of the following best describes product description? Answer: A Ac tua A. The product description defines the contracted work, based on the requirements of the project customer B. The product description defines the contracted work C. The product description defines the requirements for the contract work D. Al1 of the above Explanation: The product description defines the contracted work, based on the requirements of the project customer QUESTION NO: 26 During the planning phase of your project, your project team members have discovered another way to complete a portion of the project scope. This method is safer for the project team, but may cost more for the customer. This is an example of _______. A. Alternative identification "Pass Any Exam. Any Time." - www.actualtests.com 10 PMI PMI-002: Practice Exam B. "'s^ assessment C. Alternative selection D. Product analysis Answer: A Explanation: Alternative identification is a planning process to find alternatives to completing the project scope. QUESTION NO: 27 What is the lowest level in a work breakdown structure? .co m A. Project task B. w°rl< package C. sow D. None sts Answer: B lTe Explanation: A work package is the lowest level of a work breakdown structure. tua QUESTION NO: 28 Administrative Closure should occur ___________. Ac A. At the end of each phase of the project B. At the end of the whole project C. At the end of 50% of the project D. At the end of 100% of the project Answer: A Explanation: Administrative Closure should occur at the end of each phase, not only at the end of the overall project QUESTION NO: 29 In which phase project manager is assigned to a project? "Pass Any Exam. Any Time." - www.actualtests.com 11 PMI PMI-002: Practice Exam A. During the initiation stage B. During the planning stage C. After approval of budget D. After the project is proven feasible Answer: A Explanation: output of Initiation process : Project charter PM assigned Constraints Assumptions Project manager is assigned to a project During the initiation stage. QUESTION NO: 30 m Who gives project acceptance? sts .co A. Sponsor B. Customer C. Project Manager D. Team Lead Answer: B QUESTION NO: 31 tua lTe Explanation: Customer gives project acceptance. Customer may be person or organization. Ac A requirement document is an input of __________ process? A. Collect Requirements B. Define Scope C. Integrated Change Control D. Monitor and Control Project Work Answer: B Explanation: A requirement document request is an input to Define Sco QUESTION NO: 32 Make-or-buy decisions measure the costs of both options. What are the two options? "Pass Any Exam. Any Time." - www.actualtests.com 12 PMI PMI-002: Practice Exam A. Direct ar|d Indirect B. Tactical and Strategic C. Management and Project D. 0n|y Tactical Answer: A Explanation: Make-or-buy decisions measure the costs of both options. When doing this analysis, it should include both direct and indirect costs so that the final decision is based on comparisons that are equal. Which of the following are the inputs of Define Scope? m QUESTION NO: 33 sts .co A. Requirements document created in collect requirements process B. Project files from previous projects C. Project Charter D. Al1 of the above lTe Answer: D Ac QUESTION NO: 34 tua Explanation: Define Scope - Inputs Requirements document created in collect requirements process, Project Charter and Organizational Process Assets (Project files from previous projects, lesson learned) Which document is best suited for tracking the assignment of all resources to specific tasks in a project? A. RACI mAl,x B. sow C. Staffing management plan D)0 CPI Answer: A Explanation: The RACI matrix lists responsibilities of all resources. The staffing management plan only lists types of resources and timing. "Pass Any Exam. Any Time." - www.actualtests.com 13 PMI PMI-002: Practice Exam QUESTION NO: 35 CORRECT TEXT _________ is the international organization that controls the standards for quality. Answer: A QUESTION NO: 36 CORRECT TEXT The work breakdown structure is ________. Answer: A m QUESTION NO: 37 sts A. The project is running ahead of the schedule B. The project is running behind of the schedule C. Resources assigned to the project cost 1.8 units D. None .co If a project with a SPI of 1.8, what you tell? lTe Answer: A Ac QUESTION NO: 38 tua Explanation: The SPI equals the earned value divided by the planned value. SPI = EV/PV A schedule performance index of 1 or greater suggests that the project is ahead of schedule. You are managing a project that will implement a new MARKETING software package. You have assigned the resources and want to keep the IT manager in the loop by informing him or her of your decisions. Which type of organizational structure are you working in? A. Pi'ojectized B. Strong Matrix C. Weak Matrix D. Functional Answer: B Explanation: Projectized Organization: Any organizational structure in which the project manager has full authority to assign priorities and to direct the work of individuals assigned to the project. Strong "Pass Any Exam. Any Time." - www.actualtests.com 14 PMI PMI-002: Practice Exam Matrix: The project manager is assigned full time and has a full time support staff. Project manager has the preeminent position of authority. Weak Matrix: Power reset with Functional Manager. Functional: In this organization Project Manager has least power and all management is taken care by functional manager like marketing engineer, sales engineer. QUESTION NO: 39 At what point in a project do you have the highest probability that it will fail? A. The beginning of the project B. ^ust before the end of the project C. QA Phase D. Execution phase m Answer: A sts .co Explanation: Risk and uncertainty are the highest at the beginning or a project. QUESTION NO: 40 Answer: A tua Ac A. The customer B. The qualify director C. Project management office D. Project manager lTe From whom do you need to gain the formal acceptance at project closure? Explanation: need to gain this formal acceptance at project closure from the customer and sponsor. QUESTION NO: 41 Which statement is true about Bottom-up estimating? A. Estimating the cost of individual work items and then rolling up the costs to arrive at a project total. B. Uses the actual cost of a previous similar project as the basis for estimating the cost of the current project. "Pass Any Exam. Any Time." - www.actualtests.com 15 PMI PMI-002: Practice Exam C. Using project characteristics (or parameters) in a mathematical model to predict costs. D. Cost of quality can also be used to prepare the schedule activity cost estimate. Answer: A Explanation: Bottom-up estimating: Estimating the cost of individual work items and then rolling up the costs to arrive at a project total. It is more accurate. QUESTION NO: 42 Which is not part of Project Plan? .co m A. Project Scope Management Plan B. Schedule Management Plan C. Cost Management Plan D. Project Charter sts Answer: D lTe Explanation: All are part of Project Plan except project charter. tua QUESTION NO: 43 Which of the following is the most important task of the project manager during the Execution and Control phase? Ac A. Information management B. Maintain scope statement C. Maintain Charter D. Maintain Closing document Answer: A Explanation: One of the most important tasks of the project manager during the Execution and Control phases of the project is the management of information. QUESTION NO: 44 Which time estimating tools estimate the basis for activity durations can be quantitatively determined by multiplying the quantity of work to be performed by the productivity rate? "Pass Any Exam. Any Time." - www.actualtests.com 16 PMI PMI-002: Practice Exam A. Parametric estimating B. Funding limit reconciliation C. Reserves analysis D. None of the above Answer: A Explanation: Parametric Estimating: Estimating the basis for activity durations can be quantitatively determined by multiplying the quantity of work to be performed by the productivity rate. QUESTION NO: 45 m You are project manager and now in middle of creating RFP (Request for proposal). RFP (Request for proposal) is done in _______. sts .co A. Plan Procurements B. Conduct Procurements C. Administer Procurements D. Close Procurements lTe Answer: A Ac QUESTION NO: 46 tua Explanation: RFP (Request for proposal) is done in Plan Procurements process. Which of the following statement is true about Strategic planning? A. Strategic planning determines which projects will be choosing in order to achieve the organizational goals B. Strategic planning determines which projects will be sponsor in order to achieve the organizational goals C. Strategic planning determines these are the projects that get chosen and funded D. Al1 of the above Answer: D Explanation: Strategic planning determines which projects will be choose or sponsor in order to achieve the organizational goals. Strategic planning determines these are the projects that get chosen and funded. "Pass Any Exam. Any Time." - www.actualtests.com 17 PMI PMI-002: Practice Exam QUESTION NO: 47 The Ishikawa diagram, Pareto chart, control charts, and statistical sampling are examples of ________. A. Quality assurance B. Quality control C. Quality rules D. CMM Answer: B .co m Explanation: The Ishikawa diagram, the control charts, Pareto chart, and statistical sampling are examples of basic tools of quality control. sts QUESTION NO: 48 Which risk response is most likely to involve contingency reserves? tua lTe A. Acceptance B. shaie C. Mitigate D. Transfer Answer: A Ac Explanation: Acceptance is when no change to the project is made for a risk. A contingency can be set aside to offset the impact of the risk. QUESTION NO: 49 Which of the following does not provided by scope statement? A. Project justification B. Project product C. Project manager authority D. Project objective Answer: C "Pass Any Exam. Any Time." - www.actualtests.com 18 PMI PMI-002: Practice Exam Explanation: The project charter provides the project manager with authority. QUESTION NO: 50 What is the communication channel delta if the members in the communication plan are increased from 5 to 10? A. 35 B. 5 C. 15 D. 75 m Answer: A sts .co Explanation: Delta = n*(n-1)/2 - n1*(n1-1)/2 where n = individuals and n1 = new individuals 10-45 = 35 No of communication channels: n*(n-1)/2 where n = individual QUESTION NO: 51 Answer: A tua Ac A. Initiation Process B. Project closer Process C. Estimation Process D. Closing process lTe Collect Requirements process starts in Project Planning Phase and uses the outputs of the __________. Explanation: Collect Requirements process starts in "Project Planning Phase" and uses the outputs of the Initiation Process. QUESTION NO: 52 You are the project manager of a project that just went into extinction mode. This means that your project __________. A. Has ended before its stated objective "Pass Any Exam. Any Time." - www.actualtests.com 19 PMI PMI-002: Practice Exam B. 's st'" cunning but missing resources C. Will be closed due to lack of resources D. None of the above Answer: A Explanation: A project that ends in extinction mode is a project that has ended before meeting its stated objectives. QUESTION NO: 53 m When you are developing the estimates for project, you choose to add the individual estimates for the activities that comprise each phase. What type of estimation method are you using? sts .co A. Parametric estimating B. Bottom-up estimating C. Top-down estimating D. Analogous estimating Answer: B QUESTION NO: 54 Ac tua lTe Explanation: Bottom-up estimating: Estimating the cost of individual work items and then rolling up the costs to arrive at a project total: It is more accurate. Analogous estimating: Analogous estimating is also called top-down estimating and uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project. Parametric estimating: Using project characteristics (or parameters) in a mathematical model to predict costs (e.g., price per square meter). Who is responsible for the creation of the final project plan? A. Project Manager B. Team Leader C. Sponsor D. Project Team Answer: A Explanation: Project Manager is responsible for the creation of the final project plan. "Pass Any Exam. Any Time." - www.actualtests.com 20 PMI PMI-002: Practice Exam QUESTION NO: 55 Who has the responsibility for Plan Quality? A. Project manager B. QA manager C. Project planner D. Team 'ead Answer: A m Explanation: Project manager has the responsibility for Plan Quality. .co QUESTION NO: 56 sts Assumptions in the project plan should be _________. lTe A. Written down B. Understandable C. Not understandable D. No need to write tua Answer: A Ac Explanation: Assumptions that are not written down are the most dangerous. QUESTION NO: 57 Who applies project selection methods to decide whether to accept or reject a project? A. Project sponsor B. Project team C. Project manager D. Senior Management Answer: A Explanation: The project sponsor must have the authority to select and fund the project. "Pass Any Exam. Any Time." - www.actualtests.com 21 PMI PMI-002: Practice Exam QUESTION NO: 58 Which of the following statement is true about project charter? A. Provides a high level definition of the effort and its stakeholders B. Announces who is the project engineer C. Tells the newspapers and media when the project will end D. Announces who is the project sponsor Answer: A .co m Explanation: project charter: The project charter formally authorizes the project, assigns the project manager, and gives a high-level definition of the projects and its deliverables. QUESTION NO: 59 sts Which of the following is NOT an input of close project process? tua Answer: D lTe A. Project management plan B. Contract documentation C. Deliverables D. WBS Ac Explanation: WBS is NOT inputs of close project process. QUESTION NO: 60 Which of the following is conflict resolution technique? A. Compromise B. Smoothing C. Foimal D. Coercive Answer: B Explanation: "Pass Any Exam. Any Time." - www.actualtests.com 22 PMI PMI-002: Practice Exam smoothing is a conflict resolution technique, the rest are forms of leadership power. QUESTION NO: 61 __________ is providing detailed plans for tasks that are about to start in the near future using the most current information and revisiting future activities when they near their starting dates. A. Rolling wave planning B. Progressive elaboration C. Milestone detail planning D. Expert judgment Answer: A sts .co m Explanation: Rolling wave planning is providing detailed plans for tasks that are about to start in the near future using the most current information and revisiting future activities when they near their starting dates. QUESTION NO: 62 lTe Which of the following activities is not part of Plan Risk Management? Answer: A Ac tua A. Updating risk register B. Determining risk roles and responsibilities C. Identifying risk categories D. Developing a risk management plan Explanation: Updating the risk register first happens in Identify Risks phase. Determining risk roles and responsibilities, Identifying risk categories and developing a risk management plan are part of Plan Risk Management. QUESTION NO: 63 PMI discusses procurement focusing on the ______ relationship. A. Buyer or seller B. Vendor or seller "Pass Any Exam. Any Time." - www.actualtests.com 23 PMI PMI-002: Practice Exam C. Purchasing D. SellinoAnswer: A Explanation: PMI discusses procurement focusing on the buyer or seller relationship QUESTION NO: 64 Administrative closure is the process that ________. .co m A. Closes all activities pertaining to a specific project B. Collects user acceptance of the project product or service C. Includes all the activities needed to validate the project products and services D. Al1 of the above Answer: A lTe sts Explanation: Administrative closure: Closes all activities pertaining to a specific project QUESTION NO: 65 tua You are project manager of a project, which of the following is not your responsibility? Answer: A Ac A. Quality in the organization B. Acquiring HR resources for the project team C. Overall responsibility for risk on the project D. Al1 of the above Explanation: Senior management is responsible for quality in the organization QUESTION NO: 66 Project success can be achieved only if: A. There is a clear link between the project deliverables and the business strategy. B. The project sponsor leads the initiatives. "Pass Any Exam. Any Time." - www.actualtests.com 24 PMI PMI-002: Practice Exam C. The project manager is an expert in managing resources. D. Team members like project manager. Answer: A Explanation: There is no project for the sake of spending money. There is a clear link between the project deliverables and the business strategy. QUESTION NO: 67 m You are project manager of a project and as part of the team acquisition process; you hire a new employee and assigns him to your project team. According to Maslow's hierarchy of needs, what needs level he most likely is at? sts .co A. Social need B. Physical need C. Safety and security D. Security Answer: A Ac QUESTION NO: 68 tua lTe Explanation: as new to project he is most likely looking for acceptance and friendship. This comes under Social need. Which one of the following is not an output of contract closure? A. c'ose contracts B. Lessons learned documentation C. Deliverable acceptance D. Scope statement Answer: D Explanation: All are output of contract closure: Close contracts ,Contract file,Lessons learned documentation and Deliverable acceptance. "Pass Any Exam. Any Time." - www.actualtests.com 25 PMI PMI-002: Practice Exam QUESTION NO: 69 The intent of the risk management process group is to ________. A. Increase the probability of positive outcomes in the project B. Announce project risks C. Not consider risks affecting the company D. Announce project deliverables Answer: A m Explanation: The risk management process group serves as the road map used to reduce its impact on the project. ISO Stands for __________. lTe sts A. International Organization for Standardization B. International Standardized Organization C. 'n Standardized Organization D. Indiana Standardized Organization .co QUESTION NO: 70 Answer: A QUESTION NO: 71 Ac tua Explanation: ISO Stands for International Organization for Standardization. The project baseline is _______. A. Original plans plus the approved changes B. Important in the project initiation phase C. Initial estimates for tasks and resource utilization D. Original plans and the approved major changes Answer: A Explanation: The project baseline: original plans plus the approved changes. "Pass Any Exam. Any Time." - www.actualtests.com 26 PMI PMI-002: Practice Exam QUESTION NO: 72 Which of the following is not a form a leadership power? A. Compromise B. Smoothing C. Foimal D. Coercive Answer: B Explanation: smoothing is a conflict resolution technique, the rest are forms of leadership power. m QUESTION NO: 73 .co ___________ is a group of processes required to purchase or acquire the products, services, or results needed from outside the project team to perform the work. lTe sts A. Procurement Management B. Planning Management C. Scope Management D. Control Management Answer: A QUESTION NO: 74 Ac tua Explanation: Procurement Management is groups of processes required to purchase or acquire the products, services, or results needed from outside the project team to perform the work. You are the project manager of a project. If there are approved changes to the original scope, what you do with the old original scope? A. Save the old versions B. No need to save old version C. Scrap the old version D. Old version is not required Answer: A Explanation: "Pass Any Exam. Any Time." - www.actualtests.com 27 PMI PMI-002: Practice Exam All the version you should keep in version control system. QUESTION NO: 75 Which of the following subsidiary plan contains the quality objectives for the project? A. Quality baseline B. Quality management plan C. Process improvement plan D. QA checklist Answer: A .co m Explanation: The quality baseline documents the quality objectives for the project. QUESTION NO: 76 Answer: A lTe tua A. Project Manager B. Sponsor C. Team Lead D. Management sts Function of the __________ is to make sure that changes to anything in the project are recorded and agreed to by the stakeholders. Ac Explanation: Function of the project manager is to make sure that changes to anything in the project are recorded and agreed to by the stakeholders. QUESTION NO: 77 Which of the following is an output of Verify Scope? A. Formal acceptance B. WBS template C. sow acceptance D. Rework Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 28 PMI PMI-002: Practice Exam Explanation: Output of Verify Scope is formal acceptance. QUESTION NO: 78 Delivery dates and availability of resources can be found in the details of the __________. A. Work Breakdown Structure B. sow C. Project Charter D. Project Scope Statement Answer: A .co m Explanation: Delivery dates and availability of resources can be found in the details of the WBS. sts QUESTION NO: 79 Ac Answer: A tua A. 10 B. 12 C. 4 D. 5 lTe How many communication channels will be required in a project in which 5 individual are participating? Explanation: No of communication channels: n*(n-1)/2 where n = individual. In this case 5*(5-1)/2 = 10 QUESTION NO: 80 Which of the following project document is best suited for tracking costs of resources? A. Work breakdown structure B. P'sk breakdown structure C. Organizational breakdown structure D. Resource breakdown structure Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 29 PMI PMI-002: Practice Exam Explanation: The resource breakdown structure organizes all resources in a hierarchical structure, allowing for cost tracking also. QUESTION NO: 81 If a project with a CPI of 0.8, what you tell? A. The project is consuming more resources than anticipated. B. The project is using fewer resources than anticipated. C. The project is falling behind. D. The project is running ahead of schedule. m Answer: A sts .co Explanation: If your cost performance index is above 1.0, it indicates that you have costs that are less then estimated. CPI = EV/AC (Earned value/ Actual cost) QUESTION NO: 82 Answer: A tua Ac A. Control Scope B. Manage project team C. Quality control D. Manage Scope statement lTe Which monitoring or controlling activities would not result in preventive action being applied? Explanation: Scope, schedule, and Control Costs can all result in corrective action, but not preventive action. QUESTION NO: 83 _______ is the road map for the execution of the project. A. Project plan B. sow C. WBS D. Strategic planning "Pass Any Exam. Any Time." - www.actualtests.com 30 PMI PMI-002: Practice Exam Answer: A Explanation: Project plan is the road map for the execution of the project. QUESTION NO: 84 You are the project manager of a project and budgeted money to provide cash awards to team members that exceed expectations. A project team member that is motivated by the chance to earn cash reward can most accurately be explained by which theory m A. Hierarchy of needs B. Expectancy theory C. Achievement theory D. Al1 of the above .co Answer: B sts Explanation: The team member is working hard because he expects to be rewarded so it is Expectancy theory lTe QUESTION NO: 85 Answer: D Ac A. Project management plan B. Contract documentation C. Deliverables D. Al1 of the above tua Which of the following are input of close project process? Explanation: All are inputs of close project process. QUESTION NO: 86 The main purpose of project initiation is to ________. A. Assign the project manager to the project B. Formally describe the project C. Produce the project charter "Pass Any Exam. Any Time." - www.actualtests.com 31 PMI PMI-002: Practice Exam D. Formally authorize the project Answer: D Explanation: Output of project initiation is formally authorizing the project. Output of project scope initiation is: Project charter PM assigned Constraints and Assumptions. QUESTION NO: 87 Which document formally authorizes a project? .co m A. The project charter B. Project scope statement C. The P'oject contract D. Project closing document Answer: A lTe sts Explanation: The project charter is the formal document for authorizes a project. QUESTION NO: 88 tua Project just went into inclusion mode. This means that project __________. Answer: A Ac A. Has become part of the business processes B. Has been accepted by the sponsor and the client C. Will be closed due to lack of resources D. None of the above Explanation: inclusion mode: Has become part of the business processes. A contract cannot contain _____________. QUESTION NO: 89 The main purpose of project initiation is to ________. A. Assign the project manager to the project "Pass Any Exam. Any Time." - www.actualtests.com 32 PMI PMI-002: Practice Exam B. Formally describe the project C. Produce the project charter D. Formally authorize the project Answer: D Explanation: Output of project initiation is formally authorizing the project. Output of project scope initiation is: Project charter PM assigned Constraints and Assumptions. QUESTION NO: 90 Who is responsibility for making sure that a message in the project team is understood .co m A. Project Manager B. Sender C. Project coordinator D. Sponsor sts Answer: B tua lTe Explanation: The sender has to make sure that the receiver acknowledges the receipt and message is understood, and the receiver needs to ensure that the sender received the acknowledgement. QUESTION NO: 91 Ac _________ is always the lowest risk for the buyer if the scope of work is not well defined. A. Cost plus incentive fee B. F'xed P|ice C. Time and material D. "'s^ 's nc* 'elated to price Answer: A Explanation: Cost plus incentive fee is always the lowest risk for the buyer if the scope of work is not well defined. Fixed price and purchase order are the best choice for buyer when the item is well defined "Pass Any Exam. Any Time." - www.actualtests.com 33 PMI PMI-002: Practice Exam QUESTION NO: 92 How many communication channels will be required in a project in which 5 individual are participating? A. 10 B. 12 C. 4 D. 5 Answer: A m Explanation: No of communication channels: n*(n-1)/2 where n = individual. In this case 5*(5-1)/2 = 10 Acceptance of the product should be ________. Answer: A QUESTION NO: 94 Ac tua Explanation: The acceptance should be formal. lTe sts A. Formal B. Consistent C. Personal D. Verbal .co QUESTION NO: 93 You are creating your WBS and keep decomposing tasks into smaller units. How can you tell when you are done? A. Keep decomposing tasks until you reach an amount of work that is small enough to reliably estimate required resources and duration. B. Keep decomposing work until you reach a predetermined number of hierarchy levels to keep the WBS balanced. C. Keep decomposing tasks until you reach an amount of work that can be accomplished in one DAY. D. Keep decomposing tasks until you reach an amount of work that can be accomplished in one WEEK. "Pass Any Exam. Any Time." - www.actualtests.com 34 PMI PMI-002: Practice Exam Answer: A Explanation: Keep decomposing tasks until you reach an amount of work that is small enough to reliably estimate required resources and duration. QUESTION NO: 95 If a project with a SPI of 0.8, what you tell? m A. The project is running ahead of the schedule B. The project is running behind of the schedule C. Resources assigned to the project cost 1.8 units D. None .co Answer: B sts Explanation: The SPI equals the earned value divided by the planned value. SPI = EV/PV A schedule performance index of 1 or greater suggests that the project is ahead of schedule. lTe QUESTION NO: 96 tua If a project with a CPI of 1.2, what you tell? Answer: A Ac A. The project is consuming fewer resources than anticipated B. The project is using fewer resources than anticipated. C. The project is falling behind. D. The project is running ahead of schedule. Explanation: If your cost performance index is above 1.0, it indicates that you have costs that are less then estimated; so doing good . Option A is BEST fit for this CPI = EV/AC (Earned value/ Actual cost QUESTION NO: 97 What are the inputs for Initiation process? A. Product description and Strategic plan B. Selection criteria "Pass Any Exam. Any Time." - www.actualtests.com 35 PMI PMI-002: Practice Exam C. Historical information D. Al1 of the above Answer: D Explanation: Inputs for Initiation process : Product description Strategic plan Selection criteria Historical information QUESTION NO: 98 Which of the following are parts of project scope management? .co m A. Verify Scope B. Collect Requirements C. Control Scope D. Al1 of the above sts Answer: D tua QUESTION NO: 99 lTe Explanation: There are following processes which are part of Project Scope Management. Collect Requirements Define Scope Create WBS Verify Scope Control Scope Project scope is _____________. Ac A. The features and functions that are to be included in a product or service B. The work that must NOT be done in order to deliver a product with the specified features and functions C. Part °ftne project charter D. Part of sow Answer: D Explanation: Project scope : The features and functions that are to be included in a product or service. The work that must be done in order to deliver a product with the specified features and functions. QUESTION NO: 100 "Pass Any Exam. Any Time." - www.actualtests.com 36 PMI PMI-002: Practice Exam You have a piece of equipment that was purchased for your project recently for $5,000 and is expected to last 5 years in production. At the end of the five years the expected worth of the equipment is $2,000. Using straight-line deprecation, what is the amount that can be written off each year? A. $600 B. $1200 C. $3000 D. Zero Answer: A .co m Explanation: The straight-line depreciation takes the purchase value of the item, minus the salvage price of the item, divided by the number of time periods. Calculation is (5000-2000)/5 = $600 QUESTION NO: 101 sts Which of the following plans is not done during the writing of a project plan? lTe A. Executive Communication B. Risk Management C. Quality Management D. Scope Statement tua Answer: A QUESTION NO: 102 Ac Explanation: Executive Communication may be a part of your communication process but not in project plan. Stakeholder influence is greatest at the ______ of the project. A. Beginning B. Closing C. Controlling D. Executing Answer: A Explanation: Stakeholder influence is greatest at the beginning of the project "Pass Any Exam. Any Time." - www.actualtests.com 37 PMI PMI-002: Practice Exam QUESTION NO: 103 Which of the following is not part of project scope management? A. Verify Scope B. Collect Requirements C. Create WBS D. None of the above Answer: D .co m Explanation: e are following processes which are part of Project Scope Management. Collect Requirements Define Scope Create WBS Verify Scope Control Scope QUESTION NO: 104 sts You are the project manager for the software Project. This project must be completed within one year. This is an example of which of the following? tua lTe A. Schedule B. Assumption C. Constraint D. Planning process Answer: C Ac Explanation: A project that must be completed by a deadline is dealing with time constraints. A is incorrect since the condition does not offer a schedule. B is incorrect because the condition is not an assumption. D is also incorrect because this is not a planning process. QUESTION NO: 105 The project management plan: A. Identifies all the steps and processes that will be used after a project is initiated B. Steps needed to complete a project task C. Prepared at the beginning and fixed throughout the execution of the project D. Includes project charter "Pass Any Exam. Any Time." - www.actualtests.com 38 PMI PMI-002: Practice Exam Answer: A Explanation: Project Management Plan: The project management plan provides the overall plan for executing, monitoring, and controlling, closing the project. QUESTION NO: 106 Which type of network diagram is also referred to Activity-on-Node (AON) diagrams? m A. Precedence Diagramming Method (PDM) B. Gantt Cnart Diagram (GCD) C. Dependency Diagramming Method (DDM) D. Arrow Diagramming Method (ADM) .co Answer: A lTe sts Explanation: The arrow diagramming method (ADM) is also referred to as activity-on-arrow (AOA) diagramming method. Precedence diagramming method (PDM) is also referred to as activity-on-node (AON) diagramming method QUESTION NO: 107 Ac A. CPF B. CPFF C. CPIF D. Al1 of the above tua What are common types of cost-reimbursable contracts? Answer: D Explanation: Three common types of cost-reimbursable contracts are CPF, CPFF, and CPIF Cost-Plus-Fee (CPF), Cost-Plus-Fixed-Fee (CPFF) and Cost-Plus-Incentive-Fee (CPIF). QUESTION NO: 108 Information should be communicated to __________. A. Everyone in the communication plan "Pass Any Exam. Any Time." - www.actualtests.com 39 PMI PMI-002: Practice Exam B. Everyone on the team C. Sponsor D. Team 'eacl Answer: A Explanation: One of the most important tasks of the project manager during the Execution and Control phases of the project is the management of information. All Information should be communicated to everyone in the communication plan. QUESTION NO: 109 m You are the project manager of a project. Your project just went into integration mode. This means that your project __________. sts .co A. Has been accepted by the sponsor and the client B. Will be closed due to lack of resources C. Resources are being assigned to other areas of the business D. None of the above lTe Answer: C Ac QUESTION NO: 110 tua Explanation: A project that ends in integration mode is the type of project where its resources are being assigned to other areas. You are working with an organization and you found that one stakeholder not disclosing all of the costs involved with an upcoming project. Rather, this CAPM is constructing a WBS that does not include all the tasks necessary to get the project done. What you should do? A. Talk to the CAPM about the WBS to see if you can rework it to reflect actual costs of the project B. Confront the other project manager immediately C. Mail t0 PMI headquarters D. Ignore it Answer: A Explanation: You can talk to the CAPM about the WBS changes. If he or she refuses to change the WBS, you have a responsibility to go to stakeholders and voice your concerns. "Pass Any Exam. Any Time." - www.actualtests.com 40 PMI PMI-002: Practice Exam QUESTION NO: 111 Which document formally authorizes a project? A. The project charter B. Project scope statement C. The P'oject contract D. Project closing document Answer: A m Explanation: The project charter is the formal document for authorizes a project. .co QUESTION NO: 112 Answer: D lTe tua A. Bad practice B. Unprofessional practice C. Bacl f°r both tne buyer and seller D. Al1 of the above sts You are project manager of a project and you are offering an estimate that you know will be changed after the contract is signed is ___________. Ac Explanation: It is both bad and unprofessional to knowingly offer an estimate that is incorrect QUESTION NO: 113 In PMBOK, the buyer is ________ to the project team. A. Internal B. External C. Outside D. Assigned Answer: A Explanation: "Pass Any Exam. Any Time." - www.actualtests.com 41 PMI PMI-002: Practice Exam In PMBOK, the buyer is Internal to the project team. QUESTION NO: 114 Define Scope involves subdividing the major project deliverables into smaller, more manageable components to __________. A. Improve the accuracy of cost, time and resource estimates B. Define a baseline for performance measurement and control C. Facilitate clear responsibility assignments D. Al1 of the above Answer: D sts .co m Explanation: Define Scope involves subdividing the major project deliverables into smaller, more manageable components to: Improve the accuracy of cost, time and resource estimates. Define a baseline for performance measurement and control. Facilitate clear responsibility assignments. QUESTION NO: 115 Answer: A tua Ac A. Progressive elaboration B. Stake holder's review C. p'an project life cycle D. Fast backing lTe Your company create software products, and introducing a new product. To determine the characteristics and features of the new product line, you will have to perform ________. Explanation: The process of determining the characteristics and features of the product of the project is called Progressive elaboration. Progressive elaboration is carried out via steps in detailed fashion. QUESTION NO: 116 You are the project manager of a project .You have just completed the Collect Requirements and Define Scope. What should you do next? A. Create WBS "Pass Any Exam. Any Time." - www.actualtests.com 42 PMI PMI-002: Practice Exam B. Vei*<fy Scope C. Value analysis D. Control Scope Answer: A Explanation: Create the WBS is the process that follows Collect Requirements and Define Scope. QUESTION NO: 117 Which process must occur after a project manager has been assigned to the project? .co m A. Collect Requirements B. Develop the project charter C. Develop the project statement of work D. Develop project closing document sts Answer: A tua lTe Explanation: The Collect Requirements process occurs during project planning. Other options occur during project initiation. Option D is associated with project closing. Collect Requirements is the best option. QUESTION NO: 118 Ac You are the project manager of a project .You have just completed the Define Activities, activity resources estimating, and Estimate Activity Durations processes. Which process have you left out? A. Control Schedule B. Create WBS C. Sequence Activities D. Operations Answer: C Explanation: The PMBOK places Sequence Activities between Define Activities and Estimate Activity Resources. "Pass Any Exam. Any Time." - www.actualtests.com 43 PMI PMI-002: Practice Exam QUESTION NO: 119 Which of the following is NOT an input of Estimate Costs? A. Earn Value Analysis B. Scope Baseline C. P'sk Register D. Human Resource Plan Answer: A m Explanation: Earned value analysis is used during the execution of the project to determine resource consumption versus planned .co QUESTION NO: 120 Which of the following is NOT input of Identify Risks? lTe sts A. Project Charter B. Stakeholder Register C. Pis'* Management Plan D. Activity Cost Estimates Answer: A QUESTION NO: 121 Ac tua Explanation: Project Charter is NOT input of Identify Risks. You are the project manager of a project .You have just completed the Collect Requirements and Define Scope. What should you do next? A. Create WBS B. Vei*<fy Scope C. Value analysis D. Control Scope Answer: A Explanation: Create the WBS is the process that follows Collect Requirements and Define Scope. "Pass Any Exam. Any Time." - www.actualtests.com 44 PMI PMI-002: Practice Exam QUESTION NO: 122 If you are project manager for a Project and will need as many inputs to the initiation phase as possible. Of the following, which is the best source of information for your project? A. Historical information B. WBS C. Business plans D. RBS Answer: A .co m Explanation: Historical information is the best input of the choices available. B is incorrect since the WBS has not been created at this point of the project. C is incorrect since business plans are not a likely input to the initiation process sts QUESTION NO: 123 lTe Which of the following activity is not performed as part of the direct and manage project execution process? Answer: A Ac tua A. Monitor implementation of approved changes B. Validate deliverables C. Staff, train, and manage the project team D. Manage cisks and implement risk responses Explanation: In the direct and manage project execution process, approved changes are implemented but monitoring of those changes is part of monitoring OR controlling project work. QUESTION NO: 124 You are the project manager and you have created a contract for your customer. The contract must have ________. A. Offer and consideration B. Start date and acceptance of start date "Pass Any Exam. Any Time." - www.actualtests.com 45 PMI PMI-002: Practice Exam C. Signatures and the stamp of a notary public D. Signatures of all stakeholders Answer: A Explanation: A contract must have Offer and consideration. Not all contracts demand signatures and notary public involvement. Contract may specify a start date, but the Acceptance of the start date is not needed for all contracts. QUESTION NO: 125 If a project with a CPI of 1.6, what you tell? .co m A. The project is consuming fewer resources than anticipated B. The project is using fewer resources than anticipated. C. The project is falling behind. D. The project is running ahead of schedule. sts Answer: A QUESTION NO: 126 tua lTe Explanation: A cost performance index of 1 or greater suggests that project in delivering more with less money; so doing well. Option A is BEST fit for this. CPI = EV/AC (Earned value/ Actual cost) A. Planning B. Closing C. Execution D. Control Ac Which is the most risky phase of a project? Answer: C Explanation: The Planning phase is the phase with the least risk attached. The Execution phase of the project is when you are using your resources at their highest level . QUESTION NO: 127 "Pass Any Exam. Any Time." - www.actualtests.com 46 PMI PMI-002: Practice Exam Lessons learned session should be held at what point in a project? A. At the project conclusion B. At key milestones C. When risk events occur D. When sponsor want Answer: B Explanation: Although lessons learned should be held at project conclusion, they should be held throughout the project any time. m QUESTION NO: 128 .co What are the outputs of Initiation process? lTe Answer: D sts A. Project charter and PM assigned B. Constraints C. Assumptions D. Al1 of the above Ac QUESTION NO: 129 tua Explanation: output of Initiation process : Project charter PM assigned Constraints Assumptions Which process group is for detailed resource assignments and responsibilities? A. Human resources management plan B. Project charter C. Aplan D. Project management plan Answer: A Explanation: Develop Human Resource Plan: Planning, identifying, documenting, and assigning project roles, responsibilities, and reporting relationships to individuals or groups. "Pass Any Exam. Any Time." - www.actualtests.com 47 PMI PMI-002: Practice Exam QUESTION NO: 130 You are the project manager for a Project. Project is a global project. Some peoples are working from US and some are from India. Client says budget should not cost more than $12 million. Because of the global concerns, the final budget must be in U.S. dollars. This is an example of which of the following? A. Internationalization B. Budget constraint C. Management constraint D. Quality constraint Answer: B .co m Explanation: This is an example of a budget constraint. The budget must not exceed $12 million. QUESTION NO: 131 lTe sts You are the project manager of a project. Project is installing AC to hotel rooms. You have done project cost and time estimates, told the customer that the estimates provided will be accurate if the rooms meet the requirements like (wooden coated). This is an example of which of the following? tua A. Risk B. Assumption C. Constraint D. Budget Ac Answer: B Explanation: This is an example of an assumption because estimates provided will be accurate if the rooms meet the requirements like (wooden coated). A and C are incorrect because the scenario did not describe a risk or constraint. QUESTION NO: 132 When you are developing the estimates for project, you choose in a mathematical model to predict estimate. What type of estimation method are you using? A. Parametric estimating "Pass Any Exam. Any Time." - www.actualtests.com 48 PMI PMI-002: Practice Exam B. Bottom-up estimating C. Top-down estimating D. Analogous estimating Answer: A Explanation: Bottom-up estimating: Estimating the cost of individual work items and then rolling up the costs to arrive at a project total: It is more accurate. Analogous estimating: Analogous estimating is also called top-down estimating and uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project. Parametric estimating: Using project characteristics (or parameters) in a mathematical model to predict costs (e.g., price per square meter). .co Purchasing insurance is an example of __________. m QUESTION NO: 133 sts A. Transfer B. Acceptances C. Mitigation D. Contingency lTe Answer: A tua Explanation: Purchasing insurance means transfer the risk to third party. Ac QUESTION NO: 134 CORRECT TEXT How many communication channels exist in a team of 10 members? A) 45 B) 10 C) 30 D 20 Answer: A QUESTION NO: 135 The primary output of the project closing process ____________. "Pass Any Exam. Any Time." - www.actualtests.com 49 PMI PMI-002: Practice Exam A. To formalize and distribute all information pertaining to the project closing B. Lessons learned C. To get customer and sponsor approval D. Milestone list Answer: A Explanation: The primary output of the project closing process is to formalize and distribute all the information pertaining to the closing of the project. QUESTION NO: 136 .co lTe Answer: A sts A. Precedence Diagramming Method (PDM) B. Gant Cnart Diagram (GCD) C. Dependency Diagramming Method (DDM) D. Arrow Diagramming Method (ADM) m Which type of network diagram allows you to depict four types of dependencies (finish-to-start, finish-to-finish, start-to-start, and start-to-finish)? Ac QUESTION NO: 137 tua Explanation: The precedence diagramming method (PDM) supports finish-to-start, finish-to-finish, start-to-start, and start-to-finish dependencies. Which of the following best describes project scope? A. The work that must be done in order to deliver a product with the specified features and functions B. The description of the project deliverables C. The authorizing document that allows the project manager to move forward with the project and to assign resources to the tasks D. The process of planning and executing all of the required work to deliver the project Answer: A Explanation: project scope: The work that must be done in order to deliver a product with the specified features and functions. "Pass Any Exam. Any Time." - www.actualtests.com 50 PMI PMI-002: Practice Exam QUESTION NO: 138 In which phase you define the final deliverable? A. Closing B. Execution C. Planning D. Initiation Answer: A m Explanation: Project will close after final deliverable. Final deliverables are defined in the closing phase. .co QUESTION NO: 139 sts The activity that is most concerned with the current status of the project schedule is called ___________. tua Answer: B lTe A. Project time management B. Control Schedule C. Monitoring and controlling D. Al1 of the above Ac Explanation: Control Schedule: The activity that is most concerned with the current status of the project schedule. QUESTION NO: 140 Your project team is composed of team members in three countries plus a contractor team in a fourth country. What tool would optimize communication? A. Extranet-based electronic document repository B. Manual filing system C. War loom D. Verbal Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 51 PMI PMI-002: Practice Exam Explanation: An electronic document repository allows all team members access to the documents, regardless of location. QUESTION NO: 141 Conformance to specifications document is one description of _________. A. Quality B. Scope C. Integration D. Procurement m Answer: A sts .co Explanation: Quality on a project means that you are conforming to a standard that is set before you start the project. QUESTION NO: 142 Answer: A tua Ac A. Verify Scope B. Quality Assurance C. Quality Control D. Quality Measurement lTe Customer formally accepts the deliverables of each project phase. This process is known as ________. Explanation: Verify Scope is the process of formally accepting the deliverable of a project or phase. A is incorrect because EVM measures project performance. C is incorrect because quality control is concerned with the correctness of the work, not the acceptance of the work. QA is incorrect because this described the quality program for the organization as a whole. QUESTION NO: 143 _________ is the best choice for buyer when the item is well defined. "Pass Any Exam. Any Time." - www.actualtests.com 52 PMI PMI-002: Practice Exam A. Cost plus incentive fee B. F'xed P|ice C. Time and material D. None Answer: B Explanation: Cost plus incentive fee is always the lowest risk for the buyer if the scope of work is not well defined. Fixed price and purchase order are the best choice for buyer when the item is well defined. QUESTION NO: 144 .co m You are the project manager of a project and the project is a month into the executing phase. There are some cliques forming among the team members. Which leadership style you follow for best outcome? lTe sts A. Supporting B. Delegating C. Coaching D. Directing Answer: C QUESTION NO: 145 Ac tua Explanation: Situational leadership style is coaching. Coaching is best fit for this situation. When the version control numbers should change? A. Any change occurs B. Major changes are made C. Any change related to scope only D. Only if minor changes are made Answer: A Explanation: If any change occur , the version control numbers should change. "Pass Any Exam. Any Time." - www.actualtests.com 53 PMI PMI-002: Practice Exam QUESTION NO: 146 How many communication channels will be required in a project in which 10 individual are participating? A. 45 B. 12 C. 10 D. 5 Answer: A m Explanation: No of communication channels: n*(n-1)/2 where n = individual. In this case 10*(10-1)/2 = 45 .co QUESTION NO: 147 Answer: A lTe A. Enterprise environmental factors B. Project management concerns C. Organizational process assets D. Cost factor sts Market conditions are a part of ________. QUESTION NO: 148 Ac tua Explanation: Market conditions will influence all factors of procurement. Cost benefit analysis, scorecard modelling, payback periods, and internal rate of return are examples of: A. Enterprise benefits measurement methods when selecting a project B. Integral parts of the SOW C. Ways to ensure stakeholder commitment D. Project selection methods Answer: A Explanation: Projects are seeded from the recognition of a regulatory or business need. "Pass Any Exam. Any Time." - www.actualtests.com 54 PMI PMI-002: Practice Exam QUESTION NO: 149 Which of the following is an output of Define Scope? A. PBS B. Project Scope statement C. WBS Template D. Constraints Answer: B QUESTION NO: 150 sts The buyer and seller are bound by the ________. .co m Explanation: Output of Define Scope is Project Scope statement. lTe A. Contract B. Responsibilities C. WBS D. Identification tua Answer: A Ac Explanation: The buyer and seller are bound by the contract. QUESTION NO: 151 CORRECT TEXT Which is not the tools and techniques used in Contract Administration: Contract change control system Contract negotiation Payment system Performance rating Answer: B "Pass Any Exam. Any Time." - www.actualtests.com 55 PMI PMI-002: Practice Exam QUESTION NO: 152 CORRECT TEXT Which describes how cost variances will be managed? Cost management plan Cost baseline Cost estimate Chart of accounts Answer: A QUESTION NO: 153 m A _______ is a series of actions bringing about a result. sts .co A. Project plan B. Process C. Schedule D. Flowchart Answer: B tua lTe Explanation: Process QUESTION NO: 154 CORRECT TEXT Ac A Project Cost Management plan is created as a part of: Develop Project Management Plan process Control Costs process Determine Budget process Estimate Costs process Answer: A QUESTION NO: 155 __________ involves using project characteristics in a mathematical model A. Analogous estimating "Pass Any Exam. Any Time." - www.actualtests.com 56 PMI PMI-002: Practice Exam B. Life-cycle costing C. Parametric modelling D. Bottom up estimating Answer: C Explanation: Parametric modeling : Using project characteristics (or parameters) in a mathematical model to predict costs (e.g., price per square foot). QUESTION NO: 156 Adjusting Leads and Lags is a technique for: .co m A. Develop Schedule B. Estimate Activity Durations C. Estimate Activity Resources D. Sequence Activities sts Answer: A QUESTION NO: 157 Ac tua lTe Explanation: Adjusting Leads and Lags: Since the improper use of leads or lags can distort the project schedule, the leads or lags are adjusted during schedule network analysis to develop a viable project schedule. Tools and Techniques for Develop Schedule are : Mathematical analysis,Duration compression,Simulation,Resource -leveling ,Project management software,Adjusting Leads and Lags and Coding structure. Analogous Estimate Costs is _________. A. Generally Accurate B. Generally less accurate C. Bottom-up estimating D. None Answer: B Explanation: Analogous Estimate Costs is Generally less accurate . Analogous Estimate Costs Uses Expert Judgment . It is used when reference projects are similar . It is useful in early phases of the project. "Pass Any Exam. Any Time." - www.actualtests.com 57 PMI PMI-002: Practice Exam QUESTION NO: 158 With triangular distribution, the low, likely and high values are 20, 30 and 40, respectively. The mean is _____. A. 30.0 B. 22.5 C. 25.0 D. 27.5 Answer: A .co m Explanation: mean = (20+30+40)/3= 30 QUESTION NO: 159 Answer: A tua Ac A. $600 B. $1200 C. $3000 D. $100 lTe sts You have a piece of equipment that was purchased for your project recently for $5,000 and is expected to last 5 years in production. At the end of the five years, the expected worth of the equipment is $2,000. Using the straight-line deprecation, what is the amount that can be written off each year? Explanation: A is the correct answer. The straight-line depreciation takes the purchase value of the item, minus the salvage price of the item, divided by the number of time periods. Calculation is (5000-2000)/5 = $600. QUESTION NO: 160 Which of the following is an output of a Verify Scope process? A. Formal acceptance B. WBStemplate "Pass Any Exam. Any Time." - www.actualtests.com 58 PMI PMI-002: Practice Exam C. SOW acceptance D. Rework Answer: A Explanation: Output of Verify Scope is formal acceptance. QUESTION NO: 161 What involves determining what quantities are to be used to perform project activities. .co m A. Resource planning B. Estimate Costs C. Determine Budget D. Control Costs Answer: A lTe sts Explanation: Resource planning :Planning , identifying, documenting, and assigning project roles, responsibilities, and reporting relationships to individuals or groups. tua QUESTION NO: 162 A. Gantt chart B. Milestone chart C. fishbone diagram D. network diagram Ac Which of the following is NOT an example of a type of schedule report? Answer: C QUESTION NO: 163 A Change Control Board should be _______? A. flexible B. Include the project manager C. appropriate authority D. al1 of the above "Pass Any Exam. Any Time." - www.actualtests.com 59 PMI PMI-002: Practice Exam Answer: D Explanation: CCB should have all the mentioned characteristics. QUESTION NO: 164 Project risk is defined as the cumulative effect of chances of ________ which will adversely affect project objectives. m A. Likely events B. Complex activities C. Complex schedules D. Uncertain occurrences sts Explanation: Uncertain occurrences can affect project objective. .co Answer: D lTe QUESTION NO: 165 Answer: C Ac A. Contract negotiation B. Weighting system C. Payment system D. Screening system tua Which of the following is not a tool or technique for a Source Selection? Explanation: Payment system is not a tool or technique for Source Selection. Other options are . QUESTION NO: 166 Which of the following is ensuring that all features and functions are included in a product or service A. Project scope B. Project verification C. Project control "Pass Any Exam. Any Time." - www.actualtests.com 60 PMI PMI-002: Practice Exam D. Product scope Answer: B Explanation: Project verification ensuring all features and functions are included in a product or service QUESTION NO: 167 A major assumption of all network scheduling methods is that the activity duration must be _____. m A. Statistically dependent B. Variance distributed C. Statistically independent D. Deterministic .co Answer: C sts Explanation: Statistically independent lTe QUESTION NO: 168 tua Which of the following is not a part of the project cost baseline but is included in the project budget? Answer: A Ac A. Management Contingency Reserve B. Management Overheads C. Project Management Planing D. Activity Cost Contingency Reserve Explanation: The difference between the Cost Baseline and Funding requirement at Project completion is Management Contingency Reserve. Management Contingency Reserve is not part of project cost baseline. QUESTION NO: 169 In an optimal organization structure, the project manager is: "Pass Any Exam. Any Time." - www.actualtests.com 61 PMI PMI-002: Practice Exam A. Functional B. Weak matrix C. Piojectized D. Dedicated project team Answer: D Explanation: Dedicated project team QUESTION NO: 170 Which of the following is not a part of the Earned Value calculations? .co m A. Unknown Unknowns B. Project Budget C. Known Unknowns D. Amount of work completed sts Answer: A lTe Explanation: Unknown Unknowns is not part of the Earned Value calculations. tua QUESTION NO: 171 What is the purpose of the WBS? Ac A. To show which work elements have been assigned to organizational units. B. To ensure that all work within a project is identified and defined within a common framework. C. To show the organizational structure of a program. D. all of the above Answer: B QUESTION NO: 172 A Project Scope Management includes : A. Initiation B. Project Plan Execution C. Overall Change Control "Pass Any Exam. Any Time." - www.actualtests.com 62 PMI PMI-002: Practice Exam D. Report Performance Answer: A Explanation: Project scope management includes: Initiation, Collect Requirements, Define Scope, Verify Scope and Control Scope QUESTION NO: 173 At which stage, stakeholders have the maximum influence on a project? .co m A. Initial stage B. Closing stage C. Execution stage D. None of the above Answer: A lTe sts Explanation: It is easy to make changes to project goals and approach at the initial stage. Stake holders have maximum influence at Initial stage. tua QUESTION NO: 174 A. A milestone B. A hammock C. A dummy activity D. a and c Ac An activity that consumes no time or resource and shows only that a dependency exists between two activities is called: Answer: C QUESTION NO: 175 A change requests can occur due to: A. An external event such as a change in government regulation. B. An error or omission in defining the scope of the product. C. An error or omission in defining the scope of the project. "Pass Any Exam. Any Time." - www.actualtests.com 63 PMI PMI-002: Practice Exam D. all of the above Answer: D QUESTION NO: 176 Another term for top down estimating is:. A. Analogous estimating B. Life-cycle costing C. Parametric modeling D. Bottom up estimating m Answer: A .co QUESTION NO: 177 sts A Reserve Analysis is a technique for: lTe A. Estimate Activity Durations B. Estimate Activity Resources C. Sequence Activities D. Define Activities Ac QUESTION NO: 178 tua Answer: A The scope management provides: A. A basis for future decisions about the project. B. A baseline to accomplish verification measures. C. A baseline to evaluate potential scope changes. D. All of the above. Answer: D QUESTION NO: 179 A project plan is: "Pass Any Exam. Any Time." - www.actualtests.com 64 PMI PMI-002: Practice Exam A. A formal, approved document used to guide both project execution and project control. B. A document issued by senior management that provides the project manager with the authority to apply organizational resources to project activities. C. A narrative description of products or services to be supplie D. A document describing the organizational breakdown structure of the company. Answer: A QUESTION NO: 180 Which of the following relationship is used in the Arrow Diagramming Method [ADM] : .co m A. Start-to-Finish B. Finish-to-Start C. Start-to-Start D. Finish-to-Finish sts Answer: B QUESTION NO: 181 lTe When should a project manager be assigned to a project? Answer: D Ac tua A. As early in the project as feasible. B. Preferably before much project planning has been done. C. At least prior to the start of project plan execution. D. All of the above. QUESTION NO: 182 Which of the following tools and techniques are commonly used in a Define Scope Process? A. Product analysis B. Expert Judgment C. Alternative Identification D. All of the above Answer: D "Pass Any Exam. Any Time." - www.actualtests.com 65 PMI PMI-002: Practice Exam QUESTION NO: 183 Your project has a budget of $240,000 and is expect to last for 1 year, with the work and budget spread evenly across all months. The project is now in the fourth month, the work is on schedule, but you have spent $120,000 of the project budget. What is your COST Variance percentage in this case? A. -50% B. 50% C. 40% D. 20% Answer: A m QUESTION NO: 184 .co Which of the following is a common characteristic of most project life cycle descriptions? lTe sts A. Cost and staffing are low at the start, higher towards the end. and drop rapidly as the project nears completion. B. The probability of successfully completing the project is highest at the start of the project. C. Stakeholders have the most influence on the final characteristics of the product at the end of the project. D. a and b Ac QUESTION NO: 185 tua Answer: A A Project Manager is at the project kick-off meeting. He confidently states the vision and mission for the project. This PM is exhibiting the following leadership style: A. Hierarchal B. Authoritarian C. Charismatic D. Associative Answer: C QUESTION NO: 186 "Pass Any Exam. Any Time." - www.actualtests.com 66 PMI PMI-002: Practice Exam Which of the following must be measured regularly to identify variances from the plan. A. Stakeholder requirements B. Project performance C. Control Schedule D. Project controls Answer: B QUESTION NO: 187 Identification of Mandatory Dependencies is done during which of the following process: .co m A. Sequence Activities B. Develop Schedule C. Define Activities D. Estimate Activity Durations sts Answer: A lTe QUESTION NO: 188 tua Which is the most important element of a Project Management Plan that is useful in the Develop Human Resource Plan process: Answer: B Ac A. Risk Management activities B. Activity Resource requirements C. Budget Control activities D. Quality Assurance activities QUESTION NO: 189 In which type of organization, a project manager is in complete control of the project? A. Projectized organization B. Balanced Matrix organization C. Strong Matrix D. Weak Matrix organization Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 67 PMI PMI-002: Practice Exam QUESTION NO: 190 In which type of organization, a project manager is in complete control of the project? A. Projectized organization B. Balanced Matrix organization C. Strong Matrix D. Weak Matrix organization Answer: A m QUESTION NO: 191 .co A Trend Analysis is best described as: sts A. Examining project performance over time B. Calculating Earned Value C. Calculating Cost Variance D. Analyzing performance of similar projects over time tua QUESTION NO: 192 lTe Answer: A To calculate the late start and late finish dates for a set of tasks , you must do : Ac A. An analysis of the critical path B. A forwards pass C. A backwards pass D. a and g Answer: C QUESTION NO: 193 Which is not included in Performance improvements : A. Improvements in amount of overtime worked B. Improvements in individual skills "Pass Any Exam. Any Time." - www.actualtests.com 68 PMI PMI-002: Practice Exam C. Improvements in team behaviours D. Improvements in team capabilities Answer: A QUESTION NO: 194 Given the following estimates: Optimistic 3 days, Pessimistic 9 days, and most likely 6 days, what is the PERT weighted average? m A. 6 B. 4 C. 6.3 D. 6.1 .co Answer: A sts QUESTION NO: 195 QUESTION NO: 196 tua Answer: A Ac A. Initiation B. Collect Requirements C. Define Scope D. Verify Scope lTe A scope management plan In which of the following scope management processes is the scope management plan prepared? Project scope is: A. The work that must be done in order to deliver a product with the specified features and functions. B. The features and functions that are to be included in a product or service. C. A narrative description of work to be performed under contract. D. a and b Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 69 PMI PMI-002: Practice Exam QUESTION NO: 197 The planning processes are: A. Define Scope, Resource planning, Estimate Costs, Schedule development. Define Activities B. Inputs, Control, Status reports, Risk management C. Planning, Resource planning, Quality assurance, Risk control D. Define Scope, Team development, Control Schedule, Budget control, Contract administration Answer: A QUESTION NO: 198 m A Resource Leveling is a technique for: sts .co A. Develop Schedule B. Estimate Activity Durations C. Estimate Activity Resources D. Sequence Activities lTe Answer: A QUESTION NO: 199 Answer: B Ac A. Identification B. Solicitation C. Quantification D. Response Development tua A process that is not part of a Project Risk Management is: QUESTION NO: 200 An example of a project is: A. Billing customers B. Managing an organization C. Constructing a building D. Providing technical support "Pass Any Exam. Any Time." - www.actualtests.com 70 PMI PMI-002: Practice Exam Answer: C QUESTION NO: 201 A modification of a logical relationship that allows an acceleration of the successor task is represented by: A. Lead time B. Lag time C. Negative Lag D. a or g m Answer: D .co QUESTION NO: 202 Which of the following is an output of the Define Scope process? lTe sts A. Accepted deliverables B. Change Requests C. Project document updates. D. Project scope statement tua Answer: D Ac QUESTION NO: 203 Knowledge of best practices in a particular area is most likely to give rise to which of the following dependencies: A. Finish-to-Start dependency B. External dependency C. Mandatory dependency D. Soft Logic Answer: D QUESTION NO: 204 A complex project will fit best in what type of an organization? "Pass Any Exam. Any Time." - www.actualtests.com 71 PMI PMI-002: Practice Exam A. Functional B. Cross-functional C. Matrix D. Balanced Answer: C QUESTION NO: 205 ___________ coordinates people and other resources to carry out the plan. m A. Work Breakdown Structure B. Resource planning C. Resource leveling D. Executing process .co Answer: D sts QUESTION NO: 206 lTe Dummy relationships or dummy activities can be used in which Sequence Activities technique ? tua A. Arrow Diagramming Method [ADM] B. Precedence Diagramming Method [PDM] C. Fragment Network D. All of the above QUESTION NO: 207 Ac Answer: A Which of the following includes the process required to ensure that the project includes all the work required, and only the work required, to complete a project successfully. A. Project plan update B. Project scope management C. Control Scope D. Product description Answer: B "Pass Any Exam. Any Time." - www.actualtests.com 72 PMI PMI-002: Practice Exam QUESTION NO: 208 Activity Resource Requirements is an input to ____________ : A. Estimate Activity Durations B. Control Schedule C. Sequence Activities D. Estimate Activity Resources Answer: A QUESTION NO: 209 m Activity Resource Requirements is an input to ____________ : sts .co A. Estimate Activity Durations B. Control Schedule C. Sequence Activities D. Estimate Activity Resources lTe Answer: A QUESTION NO: 210 Answer: A Ac A. Elapsed Time B. Duration C. Effort D. Earned Time tua A period of time in work weeks which includes non-working days is called: QUESTION NO: 211 You are a project manager of a company. You are taking over a project during the planning process, and you discovered that many individuals have signed the project charter. Which of the following should be areas of concern for you? A. Who will be a member of the change control board? B. Who are the stakeholders for the project? C. Need to spend more time on configuration management. "Pass Any Exam. Any Time." - www.actualtests.com 73 PMI PMI-002: Practice Exam D. Determining the reporting structure. Answer: C QUESTION NO: 212 Which of the following is an output of the Control Scope process ? A. Scope statement B. Change Requests C. Formal acceptance D. Work breakdown structure m Answer: B .co QUESTION NO: 213 sts Which of the following models of conflict resolution allows a cooling off period, but seldom resolves the issue in the long term? tua lTe A. Problem solving B. Withdrawal C. Forcing D. Smoothing QUESTION NO: 214 Ac Answer: C The process of identifying and defining a product or a service is called: A. Procurement planning B. Source selection C. Contract administration D. Contract closeout Answer: A QUESTION NO: 215 "Pass Any Exam. Any Time." - www.actualtests.com 74 PMI PMI-002: Practice Exam The "To Complete Performance Index" (TCPI) is calculated by: A. Subtracting the actual costs to date from the estimate at completion B. Dividing the budgeted cost of the remaining work by the difference between the estimate at completion and actual costs to date C. Multiplying the estimate at completion by the cumulative cost performance index D. Adding the estimate at completion to the actual costs to date and multiplying by the cumulative cost performance index Answer: B QUESTION NO: 216 m Contract close out contains: sts .co A. Contract documentation B. Procurement audits C. Formal acceptance and closure D. All of the above QUESTION NO: 217 Ac A. Leading B. Communicating C. Negotiating D. All of the above tua Key Management skills include: lTe Answer: D Answer: D QUESTION NO: 218 The amount of time that an activity can be delayed from its early start without delaying the project end date is called: A. Negative Float B. Total Float C. Float "Pass Any Exam. Any Time." - www.actualtests.com 75 PMI PMI-002: Practice Exam D. c and b Answer: D QUESTION NO: 219 Outputs of the initiation process are: A. Project manager identified B. Constraints C. Assumptions D. All of the above m Answer: D .co QUESTION NO: 220 sts A program is defined in the PMBOK as: QUESTION NO: 221 Ac Answer: A tua lTe A. A program consists of a related group of projects and Program management is the process of managing multiple on going projects B. A number of subprojects divided into manageable components enabling a project team to ensure the completion of a desired outcome C. A project plan developed by key management personnel to obtain a desired outcome D. The means to subdivide the project into manageable segments According a PERT weighted average computation, what is the probability of completing the project within plus-or-minus 3 standard deviations of the mean? A. 68% B. 99.74% C. 95% D. 75% Answer: B "Pass Any Exam. Any Time." - www.actualtests.com 76 PMI PMI-002: Practice Exam QUESTION NO: 222 What is the difference between a Verify Scope process and quality control? A. There is no difference. B. Verify Scope is primarily concerned with the correctness of work results while quality control is primarily concerned with the acceptance of work results. C. Verify Scope is concerned with ensuring that changes are beneficial while quality control is concerned that the overall work results are correct. D. Verify Scope is primarily concerned with the acceptance of work results while quality control is primarily concerned with the correctness of work results. Answer: D m QUESTION NO: 223 sts Ac QUESTION NO: 224 tua Answer: C lTe A. Development process B. Scoping process C. Planning process D. Information development process .co Which devises and maintains a worktable scheme to accomplish the business need that the project was undertaken to address. Which of the following is NOT an output of the Control Schedule: A. Schedule updates B. Revisions C. Corrective action D. Lessons learned Answer: B QUESTION NO: 225 The review of key deliverables and project performance at the conclusion of a project phase is called: "Pass Any Exam. Any Time." - www.actualtests.com 77 PMI PMI-002: Practice Exam A. phase exit B. Ml point C. state gate D. all of the above Answer: D QUESTION NO: 226 Which of the following Enterprise Environmental factors are not the inputs for the Develop Human Resource Plan process: .co m A. Organizational Chart Tempates B. Reduced Training Funds C. Hiring Freeze D. Technical competencies of project staff sts Answer: A QUESTION NO: 227 Answer: A tua Ac A. 1 B. 2 C. 1-5 D. 0-5 lTe Given the following estimates: Optimistic 3 days, Pessimistic 9 days, and most likely 6 days. What is the standard deviation for the estimates? QUESTION NO: 228 Reserve Analysis technique is NOT used during __________. A. Control Costs B. Estimating Activity Duration C. Determine Budget D. Estimate Costs Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 78 PMI PMI-002: Practice Exam QUESTION NO: 229 Which of the following is NOT output of Qualitative Risk Analysis ? A. R'sk Register updates B. Root Cause Analysis C. R'sk Urgency Assessment D. Risk Categorization Answer: B m QUESTION NO: 230 .co During the Develop Schedule process, a Project Manager may have to go through several iterations of the schedule before establishing the schedule baseline. All of the following are tools and techniques that may be used during this process: lTe sts A. Critical Path Method, GERT, Resource Requirements B. Resource Levelling Heuristics, Mathematical Analysis, Calendar! C. Duration compression, Resource Leveling Heuristics, PERT D. GERT, PERT, Leads and Lags Ac QUESTION NO: 231 tua Answer: C Control Costs is concerned with: A. Managing changes when they occur B. Resource rates C. Chart of accounts D. Organizational policies Answer: A QUESTION NO: 232 A RAM is: "Pass Any Exam. Any Time." - www.actualtests.com 79 PMI PMI-002: Practice Exam A. Random access memory B. Rapid and movement C. Responsibilities and methods D. Responsibility assignment matrix Answer: D QUESTION NO: 233 A Project with a total funding of $70,000 was finished with a BAC value of $60,000. What term can best describe the difference of $10,000? .co m A. Cost Variance B. Management Overhead C. Management Contingency Reserve D. Schedule Variance sts Answer: C QUESTION NO: 234 Answer: C tua Ac A. A project plan B. A risk analysis C. A scope management plan D. A scope statement lTe A document which describes how project scope will be managed and how scope changes will be integrated into the project is: (choose the best answer) QUESTION NO: 235 A document which describes how project scope will be managed and how scope changes will be integrated into the project is: (choose the best answer) A. A project plan B. A risk analysis C. A scope management plan D. A scope statement "Pass Any Exam. Any Time." - www.actualtests.com 80 PMI PMI-002: Practice Exam Answer: C QUESTION NO: 236 Which of the following is not used to document team member roles and responsibilities ? A. Text-oriented Format B. Functional Chart C. Hierarchical-type Organizational Chart D. Matrix-based Responsibility Chart m Answer: B QUESTION NO: 237 .co What are you likely to see as a project progresses in a schedule with must fix dates and little or no slack? lTe sts A. Lots of free float B. Idle resources C. Negative float D. Positive float QUESTION NO: 238 Ac tua Answer: B An input of the Collect Requirements process is a/an: A. Project Charter B. Project schedule C. Strategic plan D. Historical information Answer: A QUESTION NO: 239 _______ is the most accurate Estimate Cost technique. "Pass Any Exam. Any Time." - www.actualtests.com 81 PMI PMI-002: Practice Exam A. Parametric modelling B. Bottom up estimating C. Analogous estimating D. None Answer: B QUESTION NO: 240 Change requests are made against the ____________? m A. Project baseline B. SOW C. Charter D. Executive summary .co Answer: A sts Explanation: All change requests are made against a project plan that has the project baseline. lTe QUESTION NO: 241 Answer: A Ac A. Estimate Costs process B. Determine Budget process C. Control Costs process D. None tua A Project Cost Management Plan is created as a part of: Explanation: Cost management plan : Describes how cost variances will be managed and Part of the overall project plan. Output of Estimate Costs process is : Cost estimates and Cost management plan QUESTION NO: 242 The __________ task relationship is defined by the activity duration: A. Start-to-start B. Finish-to-finish "Pass Any Exam. Any Time." - www.actualtests.com 82 PMI PMI-002: Practice Exam C. Start-to-finish D. None of the above Answer: D Explanation: All the above relationship is defined by Sequence Activities QUESTION NO: 243 Which of the following Project Scope Management processes involves subdividing the major project deliverables into smaller, more manageable components? .co m A. Collect Requirements B. Initiation C. Control Scope D. Define Scope sts Answer: D Answer: A Ac A. Contract closeout B. Final reporting C. Activity List D. Exit interview tua The closing process scope includes: lTe QUESTION NO: 244 Explanation: closing process scope includes Contract closeout QUESTION NO: 245 Lessons learned are most often based upon project historical records. Lessons learned can be used to: A. See what mistakes others have made B. See how others have solved problems C. "Predict trends, highlight problems and identify alternatives" "Pass Any Exam. Any Time." - www.actualtests.com 83 PMI PMI-002: Practice Exam D. All of the above Answer: D Explanation: All of the above QUESTION NO: 246 A. Depending on the size and complexity of the project B. Depending on the management C. Depending on the project manager D. Depending on the size only .co Answer: A m The Staffing Management Plan ___________, will be formal or informal. lTe sts Explanation: A is the correct answer. The Staffing Management Plan Depending on the size and complexity of the project, will be formal or informal QUESTION NO: 247 Answer: A Ac A. Analogous estimating B. Life-cycle costing C. Parametric modeling D. Bottom up estimating tua Which is the Estimate Costs technique used most frequently in the early stages of a project. Explanation: Analogous estimating : Analogous estimating is also called top-down estimating and uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project. QUESTION NO: 248 Which of the following is an input to a Develop Human Resource Plan? A. Activity resource requirements "Pass Any Exam. Any Time." - www.actualtests.com 84 PMI PMI-002: Practice Exam B. Costbaseline C. Cost management plan D. Chart of accounts Answer: A Explanation: Develop Human Resource Plan Inputs : Enterprise Environmental Factors, Organizational Process Assets and Activity resource requirements. QUESTION NO: 249 m You are the Project Managers of ABC company. The Project team members are from the finance and accounts. The team members report to Finance and Account Managers respectively, and you have limited control over them. What type of organizational hierarchy does ABC company follow? sts .co A. Matrix organization B. Projectized organization C. Functional organization D. None lTe Answer: C QUESTION NO: 250 Ac tua Explanation: Projectized organization : The project manager has total control of projects. Personnel are assigned and report to a project manager. Functional organization : Project Manager has least power and all management is taken care by functional manager like Finance and Account Managers. Matrix organization : The team members report to two bosses the project manager and the functional manager. Parametric Estimating is done as a part of which of the following process: A. Develop Schedule B. Estimate Activity Durations C. Sequence Activities D. Estimate Activity Resources Answer: B Explanation: "Pass Any Exam. Any Time." - www.actualtests.com 85 PMI PMI-002: Practice Exam Tools and Techniques for Estimate Activity Durations are : Analogous estimates , Parametric Estimating, Three-Point Estimates and Reserve Analysis. QUESTION NO: 251 The Critical Path Method of scheduling is: A. A mathematical analysis technique for Develop Schedule B. A technique that uses weighted averages to calculate project duration C. A technique that uses sequential network logic for schedule D. A technique that allows for probabilistic treatment of both network logic and activity duration estimates m Answer: C sts .co Explanation: Critical Path Method (CPM): Calculates a single, deterministic early and late start and finish date for each activity, to be used to determine which activities must be completed on time to avoid impacting the finish date of the project lTe QUESTION NO: 252 Answer: A Ac A. Control Costs B. Estimate Costs C. Determine Budget D. None tua Which of the following is controlling changes to the budget. Explanation: Control Costs is controlling changes to the budget. QUESTION NO: 253 A resource pool description provides: A. The unit cost for each resource B. What are the resources are available, at what times and in what patterns C. Performance of the pool resources "Pass Any Exam. Any Time." - www.actualtests.com 86 PMI PMI-002: Practice Exam D. Duration of the project Answer: B Explanation: A resource pool description : What are the resources are available, at what times and in what patterns QUESTION NO: 254 What is the primary purpose of a milestone chart? .co m A. To show task dependencies. B. To show resource constraints. C. To show significant events in the project such as completion of key deliverables. D. To highlight the critical path. sts Answer: C QUESTION NO: 255 Answer: B tua Ac A. Statistical sampling B. Metrics C. Benchmarking D. Operational definitions lTe You are in charge of developing a new product for a bank. Your quality metrics are based on the 80th percentile of each of the last three products developed. This is an example of: QUESTION NO: 256 Project Managers have maximum authority in which type of organization? A. Weak Matrix organization B. Strong Matrix C. Balanced Matrix organization D. None Answer: B "Pass Any Exam. Any Time." - www.actualtests.com 87 PMI PMI-002: Practice Exam Explanation: Weak Matrix : Power reset with Functional Manager. Strong Matrix: Power rest with Project Manager. Balanced Matrix :Power is shared between both Functional and Project Manager. QUESTION NO: 257 Which is a technique for Define Activities? A. Rolling Wave Planning B. Mandatory Dependencies C. Arrow Diagramming Method [ADM D. Precedence Diagramming Method [PDM] m Answer: A sts .co Explanation: Rolling wave planning is a technique for Define Activities. Other options are technique for Sequence Activities. The Collect Requirements process is: lTe QUESTION NO: 258 Answer: B Ac tua A. Developing a plan from major stakeholders B. Developing a written scope statement as the basis for future project decisions C. Formalizing acceptance of the project scope D. Planning project milestones Explanation: Collect Requirements :Process of progressively elaborating and documenting the project work that produces the product of the project QUESTION NO: 259 Who should contribute to the development of a project plan? A. Project manager B. Entire project team including project manager C. Senior management "Pass Any Exam. Any Time." - www.actualtests.com 88 PMI PMI-002: Practice Exam D. Just the planning department Answer: B QUESTION NO: 260 Scoring models, comparative approaches and benefit contribution are all part of: A. Constrained optimization models for selecting a project B. Benefit measurement models for selecting a project C. Quality measurement techniques D. Distribute Information tools m Answer: B .co QUESTION NO: 261 sts Which of the following is an output of a Verify Scope process? lTe A. Accepted deliverables B. Change Requests C. Project document updates. D. All of the above QUESTION NO: 262 Ac Explanation: All are output of verify scope. tua Answer: D All are output of verify scope. A. Precedence diagramming method (PDM) B. Arrow diagramming method (ADM) C. Expert judgment D. Network templates Answer: C Explanation: Expert judgment is not used in Sequence Activities. Sequence Activities : Identifying and documenting interactivity logical relationships. "Pass Any Exam. Any Time." - www.actualtests.com 89 PMI PMI-002: Practice Exam QUESTION NO: 263 Constraints do not include: A. Impacts of weather B. Organizational structure of the performing organization C. Collective bargaining D. Expected staff assignments Answer: A m Explanation: Impacts of weather .co QUESTION NO: 264 lTe A. Project's Critical path may be altered B. Reverse resource allocation scheduling C. Resource based scheduling method D. None sts Which of the following is not true for a Resource Leveling: tua Answer: D Ac Explanation: All are true about Resource Levelling . Resource Levelling is another tool in Develop Schedule. Resource Levelling removes the peaks and valleys of resource allocation. This technique also examines resource over allocation and critical resource allocation. This technique lets the schedule and cost slip. QUESTION NO: 265 A Reserve Analysis involves: A. Estimating by multiplying the quantity of work by productivity rate B. Adding resource reserves to the activity resource estimates C. Developing project schedule with contingency reserves as a recognition of the schedule risk D. Incorporating time buffers into the activity duration estimates Answer: D "Pass Any Exam. Any Time." - www.actualtests.com 90 PMI PMI-002: Practice Exam Explanation: Reserve Analysis ( Contingency ): Project teams may choose to incorporate an additional time frame, called time reserve, contingency or buffer, that can be added to the activity duration or elsewhere in the schedule as recognition of schedule risk. QUESTION NO: 266 Technical associations and consultants of a project are two examples of __________ ? A. Expensive additions B. Scope managers C. Expert judgment D. External Resources m Answer: C lTe sts .co Explanation: C is the correct answer. Expert judgment is most effective way of dealing with questions concerning choices of projects. Expert Judgment: Expert judgment related to how equivalent projects have managed scope is used in developing the project scope management plan. QUESTION NO: 267 Answer: A Ac A. Staffing management plan B. Templates C. Human resource practices D. Organizational theory tua What is not among the tools and techniques of an Organizational Planning? Explanation: Staffing management plan is not tools and techniques of an Organizational Planning. Other options are true. QUESTION NO: 268 What is the lowest level in a work breakdown structure? A. Project task "Pass Any Exam. Any Time." - www.actualtests.com 91 PMI PMI-002: Practice Exam B. Work package C. sow D. none Answer: B Explanation: A work package is the lowest level of a work breakdown structure. QUESTION NO: 269 Which of the following documents the characteristics of a product or service that the project was undertaken to build. .co m A. Resource plan B. Project charter C. Project description D. Scope statement sts Answer: C tua lTe Explanation: Project description documents the characteristics of the product or service that the project was undertaken to build. QUESTION NO: 270 A. Organizational chart B. Responsibility matrix C. WBS D. Histogram Ac A graphic display of resource usage hours is called a/an_________________. Answer: D Explanation: histogram that is useful in determining how much time is expected from the various team members and or functions. QUESTION NO: 271 "Pass Any Exam. Any Time." - www.actualtests.com 92 PMI PMI-002: Practice Exam When the project team directs staff assignments, which of the following is not considered in the selection of a staff? A. Previous experience B. staff age C. Availability D. Personal interest Answer: B Explanation: Staff age is not considered in the selection of a staff m QUESTION NO: 272 lTe Answer: D sts A. What types of skills are required B. What time frames C. What kinds of individuals or groups D. What type of resource planning is required .co Staffing requirements do not define: tua Explanation: Staffing requirements do not define What type of resource planning is required. Ac QUESTION NO: 273 The unique identifiers assigned to each item of a WBS are often collectively known as: A. The work package codes B. The project identifiers C. The code of accounts D. The element accounts Answer: C QUESTION NO: 274 Resource reallocation from non critical to critical activities is an example of which of the following Project Scheduling technique: "Pass Any Exam. Any Time." - www.actualtests.com 93 PMI PMI-002: Practice Exam A. Resource Leveling B. Schedule Compression C. Critical Path Method D. What if Analysis Answer: A Explanation: Resource Leveling :Allocate scare resources to critical path activities first . QUESTION NO: 275 Inputs of Develop Project Team include all EXCEPT: .co m A. Project staff B. Reward and recognition systems C. Resource calendars D. Project plan sts Answer: B QUESTION NO: 276 tua lTe Explanation: Inputs to Team Development include all except Reward and recognition systems. A. Procurement planning B. Solicitation planning C. Solicitation D. All of the above Ac The Project Procurement Management includes: Answer: D Explanation: Project Procurement Management includes: Plan Purchases and Acquisitions. Plan Contracting. Request Seller Responses. Select Sellers. Contract Administration. Contract Closure. QUESTION NO: 277 Which of the following involves estimating the cost of individual work items: "Pass Any Exam. Any Time." - www.actualtests.com 94 PMI PMI-002: Practice Exam A. Computerized B. Bottom up estimating C. Analogous estimating D. Square foot Answer: B Explanation: Bottom-up estimating : Estimating the cost of individual work items and then rolling up the costs to arrive at a project total , more accurate QUESTION NO: 278 m Change requests should be ______ ? sts .co A. Formal B. Interesting C. Short D. None Answer: A tua lTe Explanation: Record of changes request should be maintained. QUESTION NO: 279 A. Define Activities B. Resource Planning C. Develop Schedule D. Sequence Activities Ac The process that is not a part of time management is: Answer: B Explanation: Time management includes : Define Activities, Sequence Activities, Estimate Activity Durations, Develop Schedule and Control Schedule QUESTION NO: 280 "Pass Any Exam. Any Time." - www.actualtests.com 95 PMI PMI-002: Practice Exam Risk event is the description of what may happen to the _____ of the project. A. Manager B. harm C. Schedul D. Budget Answer: B Explanation: Risk event is the description of what may happen to the harm of the project. QUESTION NO: 281 .co m The work that must be done in order to deliver a product with the specified features and functions is: sts A. Project scope B. Project verification C. Project control D. Product scope lTe Answer: A QUESTION NO: 282 Ac tua Explanation: Project Scope: The work that must be done in order to deliver a product with the specified features and functions. Which process is not included in the Project Time Management process? A. Define Activities B. Sequence Activities C. Develop Schedule and Control Schedule D. Work breakdown structure (WBS) Answer: D Explanation: Work breakdown structure (WBS) is not included in Project Time Management but all other options provided in Project Time Management.3/7/2009 "Pass Any Exam. Any Time." - www.actualtests.com 96 PMI PMI-002: Practice Exam QUESTION NO: 283 A Precedence Diagramming Method (PDM) uses which of the following dependencies A. Finish-to-start B. Start-to-start C. Finish-to-finish D. Start-to-finish Answer: A m Explanation: Finish-to-start An activity must finish before the next activity begins. Finish-to-finish An activity must finish before the next activity can finish. Start-to-start An activity must start before the next activity can start. Start-to-finish An activity must start before the next activity can finish. .co QUESTION NO: 284 sts Which of the following statements concerning a scope statement are true? tua lTe A. H provides a documented basis for making future project decisions and for developing common understanding of the project scope among stakeholders. B. Scope statement and Statement of work are synonymous. C. Project justification and project objectives are not included or referenced in the scope statement. D. Once written, the scope statement should never be revise QUESTION NO: 285 Ac Answer: A The team members report to two bosses: the project manager and the functional manager. Which type of organization this is ? A. Matrix organization B. Projectized organization C. Functional organization D. None Answer: A Explanation: Projectized organization : The project manager has total control of projects. Personnel are assigned and report to a project manager. Functional organization : Project Manager has least "Pass Any Exam. Any Time." - www.actualtests.com 97 PMI PMI-002: Practice Exam power and all management is taken care by functional manager like Finance and Account Managers. Matrix organization : The team members report to two bosses the project manager and the functional manager. QUESTION NO: 286 The major project scope management process includes: A. Change order control B. Initiation C. Program evaluation D. Scope statement m Answer: B .co Explanation: Initiation included in major project scope management processes sts QUESTION NO: 287 lTe Name the ethical code you'll be required to adhere to as a CAPM. Ac Answer: D tua A. Project Management Policy of Ethics B. Project Management Professional Standards C. Project Management Code of Professional Ethics and Standards D. Project Management Professional Code of Professional Conduct Explanation: The Project Management Professional Code of Professional Conduct is published by PMI. QUESTION NO: 288 A Three-Point Estimates include_________. A. Most Likely B. Optimistic C. Pessimistic D. All Answer: D "Pass Any Exam. Any Time." - www.actualtests.com 98 PMI PMI-002: Practice Exam Explanation: Three-Point Estimates includes Most likely, Optimistic and Pessimistic. QUESTION NO: 289 Contingency planning is a means to _____ risks to the project through a formal process and provides the resources to meet the risk events. A. Address B. Classify C. Assign D. Resolve m Answer: A sts .co Explanation: Contingency Planning :The development of a management plan that identifies alternative strategies to be used to ensure project success if specified risk events occur. QUESTION NO: 290 lTe Which of the following is NOT true about Analogous Estimate Costs ? Answer: A Ac tua A. Does not require high expertise on part of estimators as estimates are based on previous projects B. Uses Expert Judgment C. Useful in early phases of the project D. Used when reference projects are similar Explanation: Analogous Estimate Costs is Generally less accurate . Analogous Estimate Costs Uses Expert Judgment . It is used when reference projects are similar . It is useful in early phases of the project. QUESTION NO: 291 The most rapid Estimate Costs technique is: A. Square foot estimating "Pass Any Exam. Any Time." - www.actualtests.com 99 PMI PMI-002: Practice Exam B. Template estimating C. Computerized estimating D. Analogous estimating Answer: C Explanation: Computerized estimating rapid Estimate Costs technique QUESTION NO: 292 If you are a project manager and a change request has been denied, you should: .co m A. Record it and save it. B. Pass on to the project team. C. Forget it D. None sts Answer: A lTe Explanation: You have to keep track of all change requests. tua QUESTION NO: 293 Which is generally the least accurate. Ac A. Using stakeholders to predict cost B. Parametric modelling C. Analogous estimating D. Computerized estimating Answer: C Explanation: Analogous estimating : Analogous estimating is also called top-down estimating and uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project. QUESTION NO: 294 A Reserve Analysis technique is NOT used during __________. "Pass Any Exam. Any Time." - www.actualtests.com 100 PMI PMI-002: Practice Exam A. Control Costs B. Estimating Activity Duration C. Determine Budget D. Estimate Costs Answer: A m Explanation: Reserve analysis is used during Estimate Costs to calculate contingency buffers that apply to individual or group of activities. Reserve analysis is used during Determine Budget to calculate management contingency buffers that apply to the entire project. Reserve analysis is done during Activity Duration estimation in order to calculate duration buffers for individual or group of activities. .co QUESTION NO: 295 In crashing a schedule, you would focus on: lTe sts A. Accelerating as many tasks as possible B. Accelerating just the non-critical tasks C. Accelerating the performance of tasks on the critical path D. None of the above tua Answer: C QUESTION NO: 296 Ac The two closing procedures are called: A. Contract close out and Verify Scope B. Contract close out and administrative closure C. Project closure and product verification D. Project closure and lessons learned Answer: B QUESTION NO: 297 Which is not a technique for Sequence Activities ? A. Rolling Wave Planning "Pass Any Exam. Any Time." - www.actualtests.com 101 PMI PMI-002: Practice Exam B. Mandatory Dependencies C. Arrow Diagramming Method [ADM D. Precedence Diagramming Method [PDM] Answer: A Explanation: Rolling wave planning is a technique for Define Activities. Other options are technique for Sequence Activities. QUESTION NO: 298 m Which of the following could be an appropriate WBS code for a work package at the fourth level in a WBS where the top level code is 1.0? sts .co A. 1.4 B. 1.1.1.1 C. 1.2.3.4 D. b and c lTe Answer: D QUESTION NO: 299 Ac A. Project controls B. Controlling process C. Control logs D. Project chart tua Which ensures that project objectives are met by monitoring and measuring progress and taking corrective action when necessary. Answer: B Explanation: : Controlling process ensures that project objectives are met by monitoring and measuring progress and taking corrective action when necessary. QUESTION NO: 300 Which is not included in General Management : "Pass Any Exam. Any Time." - www.actualtests.com 102 PMI PMI-002: Practice Exam A. Finance and accounting B. Strategic planning C. Sales and marketing D. Developing a new product or service Answer: D Explanation: Developing a new product or service is not included in General Management. QUESTION NO: 301 A project is considered successful when _______________. .co m A. The project meets or exceeds the expectations of the stakeholders B. The product of the project has been manufactured C. The project sponsor announces the completion of the project D. None of the above sts Answer: A tua lTe Explanation: A is the correct answer. A project is considered successful when stakeholder needs and expectations are met or exceeded QUESTION NO: 302 A. Recruitment practices B. Project interfaces C. Staffing requirements D. Constraints Ac Which of the following is not an input into organizational planning? Answer: A QUESTION NO: 303 Which of the following is true about pure risk? A. The risk can be deflected or transferred to another party through a contract or insurance policy. B. Pure risks involve the chance of both a profit and a loss. "Pass Any Exam. Any Time." - www.actualtests.com 103 PMI PMI-002: Practice Exam C. No opportunities are associated with pure risk, only losses. D. Botn A and c are correct. Answer: D QUESTION NO: 304 Which of the following statements are FALSE about the Rolling Wave plan? .co m A. Rolling Wave Planning is a phased iterative approach to project development. B. Rolling Wave Planning is a cost and schedule planning technique used in the Define Activities process. C. Rolling Wave Planning is the process of decomposing each work package within the WBS into the corresponding schedule activities required to produce the work package deliverables. D. Rolling Wave Planning describes a form of progressive elaboration planning where the work to be performed in the near time is planned in detail at a low level of the WBS, while work far in future is planned for WBS components that are relatively at a high level of WBS. sts Answer: C lTe Explanation: Which of the following statements are FALSE about the Rolling Wave plan? tua QUESTION NO: 305 A. Favourable risk B. Opportunity risk C. Pure risk D. Business risk Ac The normal risk of doing business that carries opportunities for both gain and loss is called _______________. Answer: D QUESTION NO: 306 Which of the following is best for handling cross-functional project needs for a large, complex project? A. A strong matrix organization "Pass Any Exam. Any Time." - www.actualtests.com 104 PMI PMI-002: Practice Exam B. A project coordinator C. A project expediter D. Direct executive involvement Answer: A QUESTION NO: 307 AON refers to __________. m A. Precedence Diagramming Method [PDM] B. Arrow Diagramming Method [ADM] C. Fragment Network D. All of the above .co Answer: A sts Explanation: A is the correct answer. PDM is also known as Activity On Nodes (AON). lTe QUESTION NO: 308 Answer: B Ac A. Negotiation B. Arbitration C. Smoothing D. Forcing tua A technique for resolving conflict in which the parties agree to have a neutral third party hear the dispute and make a decision is called ____________. QUESTION NO: 309 ________ must be measured regularly to identify variance from the plan. A. Project performance B. Stakeholder requirements C. Schedule progress D. Cost and schedule Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 105 PMI PMI-002: Practice Exam Explanation: A is the correct answer. Variance Analysis: Project performance measurements are used to assess the magnitude of variation. QUESTION NO: 310 Which of the following statements is TRUE regarding various Activity Scheduling tools? A. PDM allows for conditional branching and iteration of activities. B. PDM uses activity-on-node (AON) diagramming method. C. PDM allows for conditional branching and iteration of activities. D. PDM uses analogous methods as an estimation technique. .co m Answer: B QUESTION NO: 311 QUESTION NO: 312 lTe Ac Answer: B tua A. Define Scope Matrix B. Responsibility Assignment Matrix C. Roles Assignment Matrix D. Project Scope and Roles Matrix sts A tool which links the project roles and responsibilities to the project Define Scope is called ____________. What percentage of sales is estimated to be the cost of non-quality? A)0 3-5% A. 12-20% B. 30-40% C. 6"8% Answer: B QUESTION NO: 313 "Pass Any Exam. Any Time." - www.actualtests.com 106 PMI PMI-002: Practice Exam The sending or conveying of information from one place to another is the process of _______________. A. Networking B. Transmitting C. Encrypting D. Promoting Answer: B QUESTION NO: 314 From a buyer's standpoint, which of the following is true? sts .co m A. Procurement planning should include consideration of potential subcontracts. B. Procurement planning does not include consideration of potential subcontracts since this is the duty of the contractor. C. Subcontractors are first considered during the Solicitation Process. D. None of the above lTe Answer: A QUESTION NO: 315 Ac A. Event phenomenon B. Independent probability C. Statistical independence D. Statistical probability tua The independence of two events in which the occurrence of one is not related to the occurrence of the other is called ________________. Answer: C QUESTION NO: 316 Which of the following Project Scope Management Process defines how scope will be verified? A. Control Scope B. Verify Scope C. Define Scope "Pass Any Exam. Any Time." - www.actualtests.com 107 PMI PMI-002: Practice Exam D. Collect Requirements Answer: D Explanation: Collect Requirements defines the scopes. Define Scope involves subdividing the major project deliverables into smaller. Verify Scope is the process of obtaining formal acceptance of the project scope by the stakeholders. Control Scope process is a part of "Project Controlling Phase". QUESTION NO: 317 The receiver filters messages based on all but the following: .co m A. Culture B. Semantics C. Language D. Distance sts Answer: D lTe QUESTION NO: 318 tua A document or tool which describes when and how human resources will be brought onto and taken off the project team is called ____________. Answer: A Ac A. Staffing Management Plan B. Responsibility Assignment Matrix (RAM) C. Organizational Breakdown Structure (OBS) D. Resource Assignment Chart QUESTION NO: 319 When a risk should be avoided? A. The risk event has a low probability of occurrence and low impact. B. The risk event is unacceptable - generally one with a very high probability of occurrence and high impact. C. It can be transferred by purchasing insurance. D. A risk event can never be avoided. "Pass Any Exam. Any Time." - www.actualtests.com 108 PMI PMI-002: Practice Exam Answer: B QUESTION NO: 320 Management reserves are used to handle which type of risk? A. Unknown unknowns B. Known unknowns C. Business risks D. Pure risks m Answer: A QUESTION NO: 321 .co Estimated at Completion is determined by which of the following? lTe sts A. ETC + ACWP B. BAC"ETC C. BAC/CPI D. Both A and c QUESTION NO: 322 tua Answer: D A. Receiving B. Decoding C. Comprehending D. Understanding Ac In communications management, to assimilate through the mind or senses is the process of ________________. Answer: A QUESTION NO: 323 Most schedule simulations are based on some form of which of the following? "Pass Any Exam. Any Time." - www.actualtests.com 109 PMI PMI-002: Practice Exam A. DelPhi B. PERT C. CPM D. Monte Carlo Analysis Answer: D QUESTION NO: 324 Life cycle costing __________________. .co m A. Includes acquisition, operating, and disposal costs when evaluating various alternatives B. Includes only the cost of the development or acquisition of a product or service C. Does not take into consideration the effect of project decisions on the cost of using the resulting product D. Botn B and c are correct sts Answer: A QUESTION NO: 325 lTe CIP is ___________. Answer: D Ac tua A. Continuous improvement process B. A sustained, gradual change C. Includes constancy of purpose and commitment to quality as part of its focus D. Al1 of the above QUESTION NO: 326 Which of the following are inputs to the Source Selection process? A. Evaluation criteria B. Organizational policies C. Procurement documents D. Both A and B Answer: D "Pass Any Exam. Any Time." - www.actualtests.com 110 PMI PMI-002: Practice Exam QUESTION NO: 327 The sender is responsible for ____________. A. Confirming the message is understood B. Ensuring the receiver agrees with the message C. Scheduling communication exchange D. Presenting the message in the most agreeable manner Answer: A QUESTION NO: 328 m Which of the following is true regarding NPV? sts .co A. NPV assumes reinvestment at the cost of capital. B. NPV assumes reinvestment at the prevailing rate. C. NPV assumes reinvestment at the NPV rate. D. NPV decisions should be made based on the highest value for all the selections. Answer: A QUESTION NO: 329 tua lTe Explanation: A is the correct answer. Net present value (NPV) assumes reinvestment is made at the cost of capital. A. Sequence Activities B. Develop Schedule C. Control Schedule D. Define Activities Ac What-if scenario analysis is done as a part of __________ process. Answer: B Explanation: B is the correct answer. What-If Scenario Analysis is an analysis for the question "What if the situation represented by scenario 'X' happens? ". It is part of Develop Schedule. "Pass Any Exam. Any Time." - www.actualtests.com 111 PMI PMI-002: Practice Exam QUESTION NO: 330 Group brainstorming encourages all of the following except _________. A. Team building B. Analysis of alternatives C. Convergent thinking D) Q Uninhibited verbalization Answer: C QUESTION NO: 331 m Which of the following are NOT outputs of the Activity Duration Estimation process? sts .co A. Activity duration estimates B. Schedule baseline C. None of the choices are correct D. Updates to activity attribute lTe Answer: B QUESTION NO: 332 tua An example of risk mitigation is ____________. Ac A. Using proven technology in the development of a product to lessen the probability that the product will not work B. Purchasing insurance C. Eliminating the cause of a risk D. Both A and B Answer: D QUESTION NO: 333 Under what circumstances is it better for a contractor to subcontract? A. The subcontractor possesses special technical and engineering skills that the contractor does not have. B. The work to be subcontracted represents almost all of the overall work effort. C. The subcontractor can perform the work at a lower cost than the contractor. "Pass Any Exam. Any Time." - www.actualtests.com 112 PMI PMI-002: Practice Exam D. Both A and c Answer: D QUESTION NO: 334 An approved change request is an input to which of the following processes? A. Define Scope B. Verify Scope C. Monitor and Control Project Work D. Integrated Change Control m Answer: A .co Explanation: A is the correct answer. And approved change request input to Define Scope. sts QUESTION NO: 335 tua Answer: D Ac A. Finish-to-Start B. Finish-to-Finish C. Start-to-Start D. Start-to-Finish lTe A schedule activity may start 5 days before the predecessor activity finishes. This is an example of ______________. Explanation: D is the correct answer. Finish-to-start: An activity must finish before the next activity begins. Finish-to-finish: An activity must finish before the next activity can finish. Start-to-start: An activity must start before the next activity can start. Start-to-finish: An activity must start before the next activity can finish. QUESTION NO: 336 A tight matrix is ___________________. A. A balanced matrix organization B. Where all team members are brought together in one location "Pass Any Exam. Any Time." - www.actualtests.com 113 PMI PMI-002: Practice Exam C. Where functional managers operate in a dual reporting structure reporting to both their own departments and to the project manager D. Both A and c Answer: B QUESTION NO: 337 A cost-plus-incentive-fee (CPIF) contract has an estimated cost of $150,000 with a predetermined fee of $15,000 and a share ratio of 80/20. The actual cost of the project is $130,000. How much profit does the seller make? .co m A. $31,000 B. $19,000 C. $15,000 D. None of the above sts Answer: B QUESTION NO: 338 lTe Which of the following are inputs of Develop Project Charter process? Answer: A Ac tua A. Project statement of work, Contract, Business case and organizational process assets B. Project SOW, project selection methods, and enterprise environmental factors C. Contract, project selection methods, enterprise environmental factors, and organizational process assets D. Contract, project SOW, enterprise environmental factors, and organizational process assets Explanation: Inputs to the Develop Project Charter process are Project statement of work, Contract, Business case and organizational process assets. QUESTION NO: 339 Project Risk Management includes all of the following processes except ______________. A. Risk Quantification B. Identify Risks "Pass Any Exam. Any Time." - www.actualtests.com 114 PMI PMI-002: Practice Exam C. Risk Analysis D. Risk Response Development Answer: C QUESTION NO: 340 The one document that should always be used to help identify risk is the _____________________. m A. Risk Quantification B. Identify Risks C. Risk Analysis D. Risk Response Development .co Answer: B sts QUESTION NO: 341 Which process involves monitoring, measuring, and taking corrective action? tua lTe A. Executing processes B. Planning processes C. Controlling processes D. Closing processes Answer: C Ac Explanation: Planning Processes: Approach to executing project. Executing processes: Coordinating people and other resources. Controlling Processes: Monitoring, measuring, and taking corrective action. Closing processes: Formal product acceptance and end of project. QUESTION NO: 342 ___________ is a group of processes required to purchase or acquire the products, services, or results needed from outside the project team to perform the work. A. Procurement Management B. Planning Management C. Scope Management "Pass Any Exam. Any Time." - www.actualtests.com 115 PMI PMI-002: Practice Exam D. Control Management Answer: A Explanation: Procurement Management is a group of processes required to purchase or acquire the products, services, or results needed from outside the project team to perform the work. QUESTION NO: 343 Mathematical models using linear, dynamic, integer, or algorithm models are considered _____________. .co m A. Project selection methods B. Project selection criteria C. A form of expert judgment D. A form of historical information sts Answer: A tua QUESTION NO: 344 lTe Explanation: Mathematical models are one of the methods described in the project selection methods tool and technique of the Develop Project Charter process. A. Mitigation B. Acceptance C. Avoidance D. Analysis Ac Deflection or transfer of a risk to another party is part of which of the following risk response categories? Answer: A QUESTION NO: 345 Which of the following techniques accounts for path convergence and generally estimates project durations more accurately? A. CPM "Pass Any Exam. Any Time." - www.actualtests.com 116 PMI PMI-002: Practice Exam B. PERT C. Schedule simulation D. Path convergence method Answer: C QUESTION NO: 346 Which of the following statements concerning compromise as a conflict resolution is false? m A. Neither party wins but both parties get some degree of satisfaction. B. Important aspects of the project may be hindered in order to achieve personal objectives. C. Compromise is generally considered a lose-lose situation. D. A definitive resolution is seldom achieved. .co Answer: D sts QUESTION NO: 347 lTe You are the project manager for a Software Development projects. You are creating a project schedule network diagram for the code development component of the project. This is an example of _________. Answer: A Ac tua A. Fragment Network B. Precedence Diagramming Method [PDM] C. Activity On Node [AON] D. Arrow Diagramming Method [ADM] Explanation: It is not clear what Sequence Activities technique you are using. However, you are developing a schedule network diagram for only part of the project. QUESTION NO: 348 A structured tool, usually industry or activity specific, used to verify that a set of required steps has been performed is called _________. A. Quality Policy B. check List "Pass Any Exam. Any Time." - www.actualtests.com 117 PMI PMI-002: Practice Exam C. Trenc' Analysis D. Paieto Diagram Answer: B QUESTION NO: 349 How much time does the typical project manager spend communicating both formally and informally? m A. 40-60% B. 50-70% C. 60-80% D. 75-90% .co Answer: D sts QUESTION NO: 350 Answer: A tua A. WBS and WBS Dictionary B. Product Requirements C. Project Management Plan D. Product Management Plan lTe Completion of a product scope is measured against which of the following: Ac Explanation: product scope is measured against WBS and WBS Dictionary. The planned work contained within the lowest-level WBS components, which are called work packages, can be scheduled, cost estimated, monitored, and controlled. SOW is not listed as one of the inputs to Collect Requirements in PMBOK. QUESTION NO: 351 A is the correct answer. product scope is measured against WBS and WBS Dictionary. The planned work contained within the lowest-level WBS components, which are called work packages, can be scheduled, cost estimated, monitored, and controlled. SOW is not listed as one of the inputs to Collect Requirements in PMBOK. "Pass Any Exam. Any Time." - www.actualtests.com 118 PMI PMI-002: Practice Exam A. Functional B. Weak matrix C. Project coordinator D. Project expediter Answer: D QUESTION NO: 352 Which of the following can be used to determine what work is included in each work package for each of your team members? .co m A. None of the choices are correct B. WBS dictionary C. RBS D. Project scope statement sts Answer: B QUESTION NO: 353 Answer: D tua Ac A. Executing processes B. Planning processes C. Controlling processes D. Closing processes lTe Which process involves Formal product acceptance and end of project? Explanation: Planning Processes: Approach to executing project. Executing processes: Coordinating people and other resources. Controlling Processes: Monitoring, measuring, and taking corrective action. Closing processes: Formal product acceptance and end of project. QUESTION NO: 354 The concept that it is easier and less costly to do the work right the first time is called _______________. A. Zero defects "Pass Any Exam. Any Time." - www.actualtests.com 119 PMI PMI-002: Practice Exam B. Continuous improvement C. DTRTRTFT D. The customer is the next person in the process Answer: C QUESTION NO: 355 Human resource adininistration is the primary responsibility of the_____________ m A. Project Management Team B. Human Resources Department C. Executive Manager D. Project Manager .co Answer: B sts QUESTION NO: 356 QUESTION NO: 357 tua Answer: C Ac A. Quality Plan B. Quality Statement C. Quality Policy D) D. TQM lTe The overall intentions and direction of an organization with regard to quality as formally expressed by top management is a ____________. Which of the following is true about the project charter? A. The project charter should be published under the name of a manager external to the project. B. The project charter should be published under the project sponsor's name. C. The project charter should be published under the name of the project manager. D. The project charter should be published under the name of the project champion. Answer: A Explanation: According to the PMBOK Guide, the project charter should be published by a manager external to the project but with sufficient power and authority to carry it off. "Pass Any Exam. Any Time." - www.actualtests.com 120 PMI PMI-002: Practice Exam QUESTION NO: 358 A series of consecutive points on the same side of the average is called __________. A. Run B. Trend C. Outliers D. Cycle Answer: A m QUESTION NO: 359 .co All of the following aid in achieving consensus EXCEPT _________. sts A. Maintaining a focus on the problem, not each other B. Avoiding conflict C. Seeking facts D. Avoiding voting, trading, or averaging lTe Answer: B tua QUESTION NO: 360 Ac Your project is moving ahead of schedule. Management elects to incorporate additional quality testing into the project to improve the quality and acceptability of the project deliverable. This is an example of which one of the following? A. Scope Creep B. Change Control C. Quality Assurance D. Integrated Change Control Answer: D Explanation: Additional quality testing will require additional time and resources for the project. This is an example of Integrated Change Control. "Pass Any Exam. Any Time." - www.actualtests.com 121 PMI PMI-002: Practice Exam QUESTION NO: 361 Project management processes organized into ______________. A. Initiating, planning, executing, controlling, and closing B. Initiating, planning, contracting, executing, and closing C. Designing, developing, testing, and implementing D. Initiating, planning, contracting, developing, and closing Answer: A m Explanation: Within the structure of a project, there are five phases: Initiation, Planning, Execution, Control, and Closing. .co QUESTION NO: 362 sts A leadership style in which the project manager shares problems with team members and formulates solutions as a group is called ____________. lTe A. Autocratic B. Consultation In a group C. Consensus D. One-to-one consultation tua Answer: C Ac QUESTION NO: 363 A tool that analyzes the inputs to a process to identify the causes of errors is called ____________. A. Cause and Effect Diagram B. Fishbone Diagram C. Ishikawa Diagram D. Al1 of the above Answer: D Explanation: D is the correct answer. Cause and effect diagram also called Ishikawa diagram or fishbone diagram. "Pass Any Exam. Any Time." - www.actualtests.com 122 PMI PMI-002: Practice Exam QUESTION NO: 364 The process of monitoring specific project results to determine if they comply with relevant quality standards is called _______________. A. Quality Assurance B. Quality Control C. plan Quality D. Quality Review Answer: B QUESTION NO: 365 m Quality is _____________. sts .co A. Zero defects found B. Conformance to requirements C. The totality of features and characteristics of a product or service that bear on its ability to satisfy stated or implied needs D. Both B and c QUESTION NO: 366 tua lTe Answer: D Make payment to seller is done in _________. Ac A. Plan Procurements B. Conduct Procurements C. Administer Procurements D. Close Procurements Answer: C Explanation: C is the correct answer. Make payment to seller is done in Administer Procurements. QUESTION NO: 367 C is the correct answer. Make payment to seller is done in Administer Procurements. "Pass Any Exam. Any Time." - www.actualtests.com 123 PMI PMI-002: Practice Exam A. Sending, Receiving, Decoding, and Comprehending B. Sender, Message, Medium, and Receiver C. Communicator, Message, Receiver, and Decoder D. Communicating, Transmitting, Receiving, and Comprehending Answer: B QUESTION NO: 368 Reserve analysis is a tool or technique in all of the following processes EXCEPT: m A. Determine budget B. Activity resource estimation C. Monitor and control risks D. Activity duration estimation .co Answer: B sts QUESTION NO: 369 lTe Which of the following statements are false about Expected Monetary Value Analysis (EMV). Answer: C Ac tua A. EMV is a statistical concept that calculates the average outcome of project outcomes based on various assumptions and scenarios. B. Decision tree analysis is a type of EMV analysis. C. EMV is a tool/technique of Perform Qualitative Risk Analysis. D. EMV is calculated by multiplying the value of each possible outcome by its probability of occurrence, and summing them together. QUESTION NO: 370 The three major types of communication are: ______________. A. Written, verbal, and non-verbal B. Verbal, formal documentation, and informal documentation C. Verbal, written, and graphic D. Verbal, written, and electronic Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 124 PMI PMI-002: Practice Exam QUESTION NO: 371 Which of the following contract types places the greatest risk on the seller? A. Cost-plus-fixed-fee contract B. Cost plus-incentive-fee contract C. Fixed-price-incentive contract D. Firm-fixed-price contract Answer: D m QUESTION NO: 372 .co Collocation can mean _______________. lTe sts A. All, or almost all, team members are moved to a central physical location for the life of the project. B. Active team members may be at different physical locations, but meet on a regular basis. C. A war room is established where team members can meet periodically. D. Both A and c are correct. tua Answer: D QUESTION NO: 373 Ac All of the following are communication tools EXCEPT ___________. A. Memos B. Verbal circulation of a rumour C. videos D. Inputting data into a spreadsheet Answer: D QUESTION NO: 374 Communication is the PRIME responsibility of a Project ___________. A. Manager in a weak matrix "Pass Any Exam. Any Time." - www.actualtests.com 125 PMI PMI-002: Practice Exam B. Manager in a projectized environment C. Coordinator D. Expeditor Answer: D QUESTION NO: 375 In which of the following contract types the seller's profit is limited? m A. Cost-plus-percentage-cost contract B. Cost-plus-fixed-fee contract C. Fixed-price-plus-incentive D. Both B and c .co Answer: D sts QUESTION NO: 376 QUESTION NO: 377 tua Answer: C Ac A. Mitigation B. Deflection C. Avoidance D. Transfer lTe A risk response which involves eliminating a threat is called ________. A mandatory prerequisite for team building is ___________. A. Funding for staff development activities B. Shared work ethics among team members C. Commitment from top level management D. Removal of troublesome individuals Answer: C Explanation: A mandatory prerequisite for team building is ___________. "Pass Any Exam. Any Time." - www.actualtests.com 126 PMI PMI-002: Practice Exam QUESTION NO: 378 The concept of zero inventory is called ________. A. Six Sigma B. Continuous Improvement C. 3ust in Time D. Zero Defects Answer: C QUESTION NO: 379 .co sts A. Can often be found in procurement documents B. Can be objective or subjective C. Used to rate or score proposals D. Al1 of the above m Which of the following is true concerning evaluation criteria? lTe Answer: D QUESTION NO: 380 Answer: C Ac A. Organizational Planning B. staff Acquisition C. Distribute Information D. Team Development tua Which of the following is not a process of project human resource management? QUESTION NO: 381 Risks are accepted when ___________. A. You develop a contingency plan to execute should the risk event occur B. You accept the consequences of the risk C. You transfer the risk to another party D. Both A and B "Pass Any Exam. Any Time." - www.actualtests.com 127 PMI PMI-002: Practice Exam Answer: D QUESTION NO: 382 Tools and techniques used during the Plan Quality process include ___________. A. Benefit/Cost analysis B. Benchmarking C. Quality Audits D. Both A and B m Answer: D QUESTION NO: 383 .co Which process involves coordinating people and other resources to carry out plan? lTe sts A. Executing processes B. Planning processes C. Controlling Processes D. Closing processes Answer: A QUESTION NO: 384 Ac tua Explanation: Planning Processes: Approach to executing project. Executing processes: Coordinating people and other resources. Controlling Processes: Monitoring, measuring, and taking corrective action. Closing processes: Formal product acceptance and end of project. Percent complete is calculated by ___________. A. ACWP/BAC B. BCWP-ACWP C. BCWP/BAC D. EAC/BAC Answer: C "Pass Any Exam. Any Time." - www.actualtests.com 128 PMI PMI-002: Practice Exam QUESTION NO: 385 The process of evaluating overall project performance on a regular basis to provide confidence that the project will satisfy the relevant quality standards is called _________. A. Quality Assurance B. Quality Control C. plan Quality D. Quality Review Answer: A QUESTION NO: 386 m In which of the following organizations the project manager role is likely to be part-time? sts .co A. Weak matrix B. Functional C. Balanced matrix D. Both A and B lTe Answer: D tua QUESTION NO: 387 When should the project expeditor form of organization be used? Ac A. The project is extremely important to the organization. B. A project's cost and importance are relatively low. C. The project manager has a lot of responsibility and accountability. D. The organization's primary source of revenue is derived from projects Answer: B QUESTION NO: 388 Which of the following statements is false? A. Uncertainty and risk are greatest at the start of the project and lowest at the end. B. The amount at stake Is lowest at the end of the project and greatest at the start. C. Expected monetary value can be expressed as the product of the risk event probability and the risk event value. "Pass Any Exam. Any Time." - www.actualtests.com 129 PMI PMI-002: Practice Exam D. Opportunities are positive outcomes of risk. Answer: B QUESTION NO: 389 You are a project manager and now you are in the middle of comparing proposals received from sellers. Comparing proposals received from sellers are done in _________. A. Plan Procurements B. Conduct Procurements C. Administer Procurements D. Close Procurements m Answer: B sts .co Explanation: B is the correct answer. Comparing proposals received from sellers are done in Conduct Procurements. Estimate Costs ______________. lTe QUESTION NO: 390 Answer: D Ac tua A. Involves developing an estimate of the costs of the resources needed to complete project activities B. Includes identifying and considering various costing alternatives C. Involves allocating the overall estimates to individual work items D. Both A and c QUESTION NO: 391 Which of the following processes involves obtaining information (bids and proposals) from prospective sellers? A. Procurement Planning B. Source Selection C. Contract Administration D. Solicitation "Pass Any Exam. Any Time." - www.actualtests.com 130 PMI PMI-002: Practice Exam Answer: D QUESTION NO: 392 During project integration activities, a project sponsor's role can best be described as doing which one of the following? A. Helping the project manager and stakeholders to resolve any issues B. Acting as a sounding board for the project stakeholders C. Showing management the project progress and status reports D. None Answer: A .co m Explanation: The project sponsor can help the project manager and the stakeholders resolve issues during project integration management. sts QUESTION NO: 393 QUESTION NO: 394 tua Answer: D Ac A. Scrap B. Rework C. Expediting D. Process control lTe Which of the following is not considered a cost of non-conformance to quality? What impact does a matrix organization have on project team development? A. No impact at all. B. It complicates team development. C. It simplifies team development. D. It hinders team development completely. Answer: B "Pass Any Exam. Any Time." - www.actualtests.com 131 PMI PMI-002: Practice Exam QUESTION NO: 395 A project Control Scope system is documented during which of the Project Scope Management processes? A. Collect Requirements B. Define Scope C. Verify ScoPe D. Control Scope Answer: B m Explanation: B is the correct answer. A project scope management plan should document the Control Scope system. .co QUESTION NO: 396 sts In which type of organization the team building is likely to be most difficult? lTe A. Functional B. Projectized C. Matrix D. Project Expediter Ac QUESTION NO: 397 tua Answer: C A contingency plan is executed when _____________. A. A risks is identified B. An identified risk occurs C. When a workaround is needed D. Al1 of the above Answer: B QUESTION NO: 398 A cost-plus-percentage-cost (CPPC) contract has an estimated cost of $120,000 with an agreed profit of 10% of the costs. The actual cost of the project is $130,000. What is the total reimbursement to the seller? "Pass Any Exam. Any Time." - www.actualtests.com 132 PMI PMI-002: Practice Exam A. $143,000 B. $142,000 C. $140,000 D. $132,000 Answer: A QUESTION NO: 399 A unilateral contract under which the seller is paid a preset amount per unit of service is called _________. .co m A. A cost reimbursable contract B. A lumP sum contract C. A unit price contract D. A fixed price contract QUESTION NO: 400 lTe A contingency plan is ______________. sts Answer: C Answer: A Ac tua A. A planned response that defines the steps to be taken if an identified risk event occurs B. A workaround C. A reserve used to allow for future situations which may be planned for only in part D. Both A and c QUESTION NO: 401 AOA refers to _____________. A. Arrow Diagramming Method [ADM] B. Precedence Diagramming Method [PDM] C. Fragment Network D. None Answer: A Explanation: "Pass Any Exam. Any Time." - www.actualtests.com 133 PMI PMI-002: Practice Exam PDM is also known as Activity On Nodes (AON). Arrow Diagramming Method (ADM) uses arrows as activities, and nodes are used to connect and show dependencies. In other words, the lines in between nodes are where you place the task name. Thus this method is also called Activity On Arrows (AOA). QUESTION NO: 402 Which of the following relationships is rarely used in PDM (Precedence Diagramming Method)? A. Start-to-Finish B. Finish-to-Start C. Start-to-Start D. Finish-to-Finish m Answer: A lTe sts .co Explanation: Finish-to-start: An activity must finish before the next activity begins. Finish-to-finish: An activity must finish before the next activity can finish. Start-to-start: An activity must start before the next activity can start. Start-to-finish: An activity must start before the next activity can finish. QUESTION NO: 403 Ac A. Competency B. Authority C. Responsibility D. Compliance tua You are in process of identifying and documenting the project roles and responsibilities and create staffing management plan. All of the following should be addressed when listing the roles and responsibilities EXCEP: Answer: D QUESTION NO: 404 Using the PMBOK definition of contingency reserve, which of the following statements about contingency reserves is false? A. A contingency reserve is a separately planned quantity used to allow for future situations which may be planned for only in part. "Pass Any Exam. Any Time." - www.actualtests.com 134 PMI PMI-002: Practice Exam B. Contingency reserves may be set aside for known unknowns. C. Contingency reserves may be set aside for unknown unknowns. D. Contingency reserves are normally included in the project's cost and schedule baselines. Answer: C QUESTION NO: 405 Analogous estimating ____________. m A. Uses bottom-up estimating techniques B. Uses the actual costs from a previous, similar project C. Is synonymous with top-down estimating D. Both B and c are correct .co Answer: D sts QUESTION NO: 406 Answer: B tua A. Customers B. Project team C. Project sponsor D. Stakeholders lTe On any project, who creates the Lessons Learned document? Ac Explanation: The project team contributes to the Lessons Learned document. QUESTION NO: 407 Which of the following is considered during the Procurement Planning Process? A. Whether to procure B. How to procure and how much to procure C. What and when to procure D. All of the above Answer: D "Pass Any Exam. Any Time." - www.actualtests.com 135 PMI PMI-002: Practice Exam QUESTION NO: 408 If a project has an 80% chance of having the scope defined by a certain date and a 70% chance of obtaining approval for the scope by a certain date, what is the probability of both events occurring? A. 75% B. 65% C. 50% D. 56% Answer: D Which of the following is an example of indirect costs? sts .co A. Salaries of corporate executives B. Salaries of full-time project staff C. Overhead costs D. Both A and C m QUESTION NO: 409 lTe Answer: D tua QUESTION NO: 410 A. Business needs B. Type of constraints C. Budget D. Schedule Ac You are a project manager for your organization. Management has asked you to help them determine which projects should be selected for implementation. In a project selection model, which one of the following is the most important factor? Answer: A Explanation: A is the correct answer. Projects are selected based on business needs first. QUESTION NO: 411 Which of the following are the outputs of Collect Requirements Process? "Pass Any Exam. Any Time." - www.actualtests.com 136 PMI PMI-002: Practice Exam A. Requirements documentation B. Requirements management plan C. The requirements tractability matrix D. Al1 of the above Answer: D Explanation: The outputs of Collect Requirements Process are: requirements documentation (stakeholder's needs), the requirements management plan (how the requirements will be analyzed and documents), and the requirements traceability matrix (tracking of requirements throughout the project). m QUESTION NO: 412 .co Which of the following is true regarding IRR? sts A. IRR is a constrained optimization method. B. IRR assumes reinvestment at the cost of capital. C. IRR is the discount rate when NPV is greater than zero. D. IRR is the discount rate when NPV is equal to zero. lTe Answer: D Ac QUESTION NO: 413 tua Explanation: IRR assumes reinvestment at the IRR rate and is the discount rate when NPV is equal to zero. Which of the following is true about procurement documents? A. Procurement documents are used to solicit proposals from prospective sellers. B. Invitations for Bid and Request for Proposal are two examples of procurement documents. C. Procurement documents should be structured to facilitate accurate and complete responses from prospective sellers. D. Al1 of the above Answer: D QUESTION NO: 414 "Pass Any Exam. Any Time." - www.actualtests.com 137 PMI PMI-002: Practice Exam Which of the following can generate a milestone list? A. Define Activities B. Sequence Activities C. Estimate Activity Resources D. Estimate Activity Durations Answer: A Explanation: Outputs of Define Activities: Activity list, Activity Attributes and Milestone List. PMBOK Page no 162. m QUESTION NO: 415 .co Which of the following statements concerning acceptance sampling is false? lTe sts A. Used when expensive and time-consuming to test the product 100%. B. The number of allowable defects before lot is rejected is predetermined. C. Inspection and test standards must be established to ensure that procedures can adequately determine conformance and non-conformance. D. All of the above are true. QUESTION NO: 416 tua Answer: D Ac According to the PMBOK Guide, the project statement of work (SOW) should contain or reference all the following elements except? A. Business need, strategic plan, and product scope description B. Requirements, business need, and stakeholder expectations C. Strategic plan, product scope description, stakeholder influences, and business need D. Project purpose, business case, stakeholder influences, and product scope description Answer: A Explanation: The project SOW should contain the business need for the project and the product scope description and should support the organization's strategic plan. "Pass Any Exam. Any Time." - www.actualtests.com 138 PMI PMI-002: Practice Exam QUESTION NO: 417 Which of the following is not true about change requests? A. They always require additional funding. B. They happen while the project work is being done. C. They can be written or verbal. D. They can be requested by a stakeholder. Answer: A m Explanation: Change requests do not always require more money. Approved changes may require more funds, but not always. .co QUESTION NO: 418 sts The belief that management's high levels of trust, confidence and commitment to workers leads to high levels of motivation and productivity on the part of workers is a part of which motivation theory? QUESTION NO: 419 tua Ac Answer: B lTe A. Theory Y B. Theory Z C. Theory X D. Contingency Theory ________ is listed as a technique of the Collect Requirements process described in the PMBOK. A. Group Decision Making Techniques B. Selection criteria C. Historical information D. None of the above Answer: A Explanation: Group Decision Making Techniques is listed as a technique of the Collect Requirements process described in the fourth edition PMBOK. "Pass Any Exam. Any Time." - www.actualtests.com 139 PMI PMI-002: Practice Exam QUESTION NO: 420 The ability of a product to be used for different purposes at different capacities and under different conditions determines its ____________. A. Usability B. Flexibility C. Operability D. Availability Answer: B QUESTION NO: 421 m Which of the following statements concerning bottom-up estimating is true? sts .co A. The cost and accuracy of bottom-up estimating is driven by the size of the individual work items. B. Smaller work items increase both cost and accuracy. C. Larger work items increase both cost and accuracy. D. Both A and B are true lTe Answer: D tua Explanation: Which of the following statements concerning bottom-up estimating is true? Ac QUESTION NO: 422 Complete final contract performance reporting and verify product is done in _______. A. Plan Procurements B. Conduct Procurements C. Administer Procurements D. Close Procurements Answer: D Explanation: The complete final contract performance reporting and verify product is done in Close Procurements. "Pass Any Exam. Any Time." - www.actualtests.com 140 PMI PMI-002: Practice Exam QUESTION NO: 423 Which of the following is part of the expectancy theory of motivation? A. Clear, specific, and challenging goals generally motivate team members. B. Project managers should ensure that tasks assigned to project participants match their skills and the organizational climate is conducive to helping them meet their needs and achieving a sense of competence. C. People tend to be highly productive and motivated if they believe their efforts will lead to successful results and that success will lead to personal rewards. D. Both B and C are true. Answer: C m QUESTION NO: 424 .co Which of the following is output of the Plan Communications process? lTe sts A. Project records B. Communications management plan C. Performance reports D. Formal acceptance Answer: B QUESTION NO: 425 Ac tua Explanation: Communications management plan and Project document updates are output of Plan Communications process. A fixed-price-plus-incentive-fee (FPI) contract has a target cost of $130,000, a target profit of $15,000, a target price of $145,000, a ceiling price of $160,000, and a share ratio of 80/20. The actual cost of the project was $150,000. How much profit does the seller make? A. $10,000 B. $15,000 C. $o D. $5,000 Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 141 PMI PMI-002: Practice Exam QUESTION NO: 426 Formal acceptance by the client or sponsor of the project should be prepared and distributed during which process? A. Distribute Information B. Administrative Closeout C. Organizational Planning D. Report Performance Answer: B QUESTION NO: 427 sts .co A. Process Analysis B. Quality Audits C. Performance Measurements D. Al1 of the above m Root Cause Analysis is related to ________. lTe Answer: A tua QUESTION NO: 428 When Identify Risks should be performed? Ac A. During Concept Phase B. During Development Phase C. During Implementation Phase D. Identify Risks should be performed on a regular basis throughout the project Answer: D QUESTION NO: 429 Parametric Estimate Costs involves _____________. A. Calculating individual cost estimates for each work package B. Using rates and factors based on historical experience to estimate costs C. Using the actual cost of a similar project to estimate total project costs D. Both A and B "Pass Any Exam. Any Time." - www.actualtests.com 142 PMI PMI-002: Practice Exam Answer: B QUESTION NO: 430 When a project is being performed under contract, who provides SOW? A. Buyer B. Contractor C. Project sponsor D. Project manager Answer: A .co m Explanation: The buyer provides SOW when projects are performed under contract. QUESTION NO: 431 sts Cost of quality includes ___________. tua lTe A. Cost of all work to build a product or service that conforms to the requirements B. Training programs C. Cost of all work resulting from non-conformance to the requirements D. Al1 of the above QUESTION NO: 432 Ac Answer: D Employees in a balanced matrix often report to ______________. A. Two or more managers B. One manager C. Only functional manager D. None Answer: A Explanation: Employees in a balanced matrix often report to two or more managers. Functional managers and project managers share authority and responsibility for projects. "Pass Any Exam. Any Time." - www.actualtests.com 143 PMI PMI-002: Practice Exam QUESTION NO: 433 Employees in a balanced matrix often report to two or more managers. Functional managers and project managers share authority and responsibility for projects. A. Innovation B. Continuous improvement C. Just in time D. Paradigm Answer: A QUESTION NO: 434 m Legitimate power is __________. sts .co A. Power derived from a person's formal position in the organization. B. Power bestowed due to a person's personal qualities and abilities. C. Power earned based on a person's technical knowledge, skill, or expertise in a particular area. D. Power to distribute information as one sees fit. lTe Answer: A tua QUESTION NO: 435 All of the following are outputs from Report Performance EXCEPT _________. Ac A. Trend analysis B. "S" curves, histograms, bar charts, and tables C. Performance reports D. Change requests Answer: A Explanation: Trend analysis is a tool and technique used in Monitor and Control Risks. QUESTION NO: 436 Your selection committee is debating between two projects. Project A has a payback period of 20 months. Project B has a cost of $150,000, with expected cash inflows of $50,000 the first year and $25,000 per quarter after that. Which project should you recommend? "Pass Any Exam. Any Time." - www.actualtests.com 144 PMI PMI-002: Practice Exam A. Either Project A or Project B, because the payback periods are equal B. Project A, because Project B's payback period is 24 months C. Project A, because Project B's payback period is 20 months D. Project A, because Project B's payback period is 21 months Answer: B Explanation: Project B has a payback period of 24 months; $50,000 is received in the first 12 months, with another $100,000 coming in over next 12 months. QUESTION NO: 437 m Forcing as a means to manage conflict ______________. sts .co A. Exerts one's view at the potential expense of another party B. Emphasizes areas of agreement while avoiding points of disagreement C. Establishes a lose-lose situation D. Both A and c lTe Answer: A QUESTION NO: 438 A. 48 months B. 40 months C. 36 months D. 50 months Ac tua You are the project manager for an organization. You are considering recommending a project that costs $280,000; expected inflows are $10,000 per quarter for the first two years and then $25,000 per quarter thereafter. What is the payback period? Answer: A Explanation: Year 1 and 2 inflows are each $40,000 for a total of $80,000. Year 3 inflows are an additional $100,000. Add one more quarter to this total, and the $280,000 will be reached in 4 years, or 48 months? QUESTION NO: 439 "Pass Any Exam. Any Time." - www.actualtests.com 145 PMI PMI-002: Practice Exam Which of the following is not a process of Project Communications Management? A. Administrative Closure B. Report Performance C. Distribute Information D. Conflict Resolution Answer: D Explanation: Which of the following is not a process of Project Communications Management? QUESTION NO: 440 .co m A significant difference between independent estimates and proposed pricing could mean that _________________. sts A. The independent estimates are most likely incorrect and the proposed pricing correct B. The sow was not adequate C. The prospective seller either misunderstood or failed to respond fully to the SOW D. Either B or C lTe Answer: D tua QUESTION NO: 441 A. Edward Deming B. PhiliP Crosby C. Juran D. Pareto Ac The practice of ceasing mass inspections and ending awards based on price is credited to _____________. Answer: A QUESTION NO: 442 Which of the following is not a tool or technique used during the Risk Quantification Process? A. Expected Monetary Value B. Contingency planning "Pass Any Exam. Any Time." - www.actualtests.com 146 PMI PMI-002: Practice Exam C. Decision Trees D. Statistical sums Answer: B QUESTION NO: 443 A histogram ordered by frequency of occurrence that shows how many results were generated by each identified cause is called ______________. m A. Statistical Histogram B. Juran Histogram C. Fishbone Diagram D. Pareto Diagram .co Answer: D sts QUESTION NO: 444 QUESTION NO: 445 tua Answer: A Ac A. Weighting system B. Screening system C. Selecting system D. None of the above lTe Which of the following is a method for quantifying qualitative data in order to minimize the effect of personal prejudice on source selection? Which of the following are inputs that belong to Estimates Activity Resources? A. Activity List B. Resource Calendar C. Activity Attributes D. All of the above are inputs of Estimates Activity Resources Answer: D Explanation: D is the correct answer. All of the above are inputs of Estimates Activity Resources. "Pass Any Exam. Any Time." - www.actualtests.com 147 PMI PMI-002: Practice Exam QUESTION NO: 446 80% of the problems are found in 20% of the work is a concept of _________. A. Edward Deming B. PhiliP Crosby C. Juran D. Pareto Answer: D .co Which of the following best describes a sub network? m QUESTION NO: 447 sts A. Fragment Network B. ADM C. PDM D. A0N lTe Answer: A QUESTION NO: 448 Ac tua Explanation: ADM (Arrow Diagramming MethoD.r activities on arrows uses dummy activities to correctly show all logical relationships. PDM (Precedence Diagramming Method) is also known as Activities on nodes. PDM is also known as Activity On Nodes (AON). A cost management plan is ____________. A. A Plan for describing how cost variances will be managed B. A subsidiary element of the project charter C. An input to the Estimate Costs process D. Al1 of the above Answer: A Explanation: cost management plan is a plan for describing how cost variances will be managed. "Pass Any Exam. Any Time." - www.actualtests.com 148 PMI PMI-002: Practice Exam QUESTION NO: 449 A key barrier to team development is ______________. A. A strong matrix management structure B. Major problems delay the project completion date or budget targets C. Team members are accountable to both functional and project managers D. Formal training plans cannot be implemented Answer: C QUESTION NO: 450 .co m The project manager's leadership style should be matched to the corresponding developmental level of the project team and should move through successive steps in the following order: _____________. sts A. Disciplinary, autocratic, and participative B. Staff planning, team training, and performance monitoring C. Team building, team development, and responsibility assignment D. Directing, coaching, supporting, and delegating tua QUESTION NO: 451 lTe Answer: D Cost of quality includes ___________. Ac A. Cost of all work to build a product or service that conforms to the requirements B. Training programs C. Cost of all work resulting from non-conformance to the requirements D. Al1 of the above Answer: D Explanation: Cost of quality includes both cost of conformance and cost of non-conformance to quality QUESTION NO: 452 The ability of a product to be used for different purposes at different capacities and under different conditions determines its __________. "Pass Any Exam. Any Time." - www.actualtests.com 149 PMI PMI-002: Practice Exam A. Usability B. Flexibility C. Operability D. Availability Answer: B QUESTION NO: 453 Legitimate power is ____________. m A. Power derived from a person's formal position in the organization B. Power bestowed due to a person's personal qualities and abilities C. Power earned based on a person's technical knowledge, skill, or expertise in a particular area D. Power to distribute information as one sees fit .co Answer: A sts QUESTION NO: 454 Answer: D tua Ac A. Cause and effect diagram B. Fishbone diagram C. Ishikawa diagram D. All of the above lTe A tool that analyzes the inputs to a process to identify the causes of errors is called ______________________. Explanation: D is the correct answer. Cause and effect diagram is also called Ishikawa diagram or fishbone diagram. QUESTION NO: 455 A project is defined as ________________. A. A process of considerable scope that implements a plan B. Anendeavour, which is planned, executed, and controlled, performed by people and constrained by limited resources "Pass Any Exam. Any Time." - www.actualtests.com 150 PMI PMI-002: Practice Exam C. A temporary endeavour undertaken to create a unique product or service D. An objective based effort of temporary nature Answer: C QUESTION NO: 456 Which of the following is NOT considered as strategy for negative risk ? A. Avoid B. Transfer C. Accept D. ExPlot m Answer: D sts .co Explanation: D is the correct answer. Exploit is considered as strategy for positive risk.Strategies for negative risks are Avoid ,Transfer,Mitigate and Accept. lTe QUESTION NO: 457 tua A tool which is used to illustrate links between work packages or activities and team members is called _______. Ac A. Define Scope Matrix B. Responsibility Assignment Matrix C. Roles Assignment Matrix D. Project Scope and Roles Matrix Answer: B Explanation: B is the correct answer. A tool which is used to illustrate links between work packages or activities and team members is called Responsibility Assignment Matrix QUESTION NO: 458 Management reserves are used to handle which type of risk? A. Unknown unknowns B. Known unknowns "Pass Any Exam. Any Time." - www.actualtests.com 151 PMI PMI-002: Practice Exam C. Business risks D. Pure risks Answer: A Explanation: A is the correct answer. Management reserves are used to handle Unknown unknowns. Specific unknown risks cannot be managed proactively; project team should create a contingency plan. QUESTION NO: 459 The ___________ documents the characteristics of the product or service that the project was undertaken to create. .co m A. Project charter B. Scope statement C. Product description D. Technical article sts Answer: C lTe QUESTION NO: 460 Ac A. Customer B. Project Manager C. Project Team D. Vendors and Suppliers tua The quality team for the project consists of several groups. Which of the following project participants plays the most important role in the quality function? Answer: A QUESTION NO: 461 Which of the following is NOT a tool or technique used during the Perform quantitative risk analysis Process? A. Expected Monetary Value Analysis B. Risk Categorization C. Interviewing "Pass Any Exam. Any Time." - www.actualtests.com 152 PMI PMI-002: Practice Exam D. Sensitivity Analysis Answer: B Explanation: B is the correct answer. Risk Categorization is done in Perform qualitative risk analysis QUESTION NO: 462 Projects are typically authorized as a result of any of the following except: m A. Market demand B. Successful RFP bidding C. Regulatory requirement D. Technological advance .co Answer: B sts QUESTION NO: 463 lTe Which of the following are inputs belong to Estimates Activity Resources? Ac Answer: D tua A. Activity List B. Resource Calendar C. Activity attributes D. All of the above are inputs of Estimates Activity Resources Explanation: D is the correct answer. All of the above are inputs of Estimates Activity Resources. QUESTION NO: 464 Deflection or transfer of a risk to another party is part of which of the following risk response categories? A. Transfer B. Acceptance C. Avoidance D. Mitigate "Pass Any Exam. Any Time." - www.actualtests.com 153 PMI PMI-002: Practice Exam Answer: A Explanation: A is the correct answer. transfer of a risk to another party (third party) is part of Transfer strategy (Strategies for negative risks). QUESTION NO: 465 The party that needs the change resulting from the project, and who will be its custodian on completion is the _______. m A. Owner B. Sponsor C. Customer D. client .co Answer: A sts QUESTION NO: 466 lTe What are the four parts of the communications model? Ac Answer: B tua A. Sending, Receiving, Decoding, and Comprehending B. Sender, Message, Medium, and Receiver C. Communicator, Message, Receiver, and Decoder D. Communicating, Transmitting, Receiving, and Comprehending Explanation: B is the correct answer. four parts of the communications model are Sender, Message, Medium, and Receiver QUESTION NO: 467 Maintenance should ________. A. Be considered part of the project life cycle because it is part of the total life cycle costing needed to do benefit/cost analysis in Collect Requirements B. Be part of the work breakdown structure to give the total scope of the required activities and effort "Pass Any Exam. Any Time." - www.actualtests.com 154 PMI PMI-002: Practice Exam C. Not be considered as a part of the project life cycle D. Be managed carefully because it is often a source of scope creep Answer: C Explanation: C is the correct answer. Maintenance should not be considered as a part of the project life cycle QUESTION NO: 468 A structured tool, usually industry or activity specific, used to verify that a set of required steps has been performed is called __________. .co m A. Quality Policy B. check List C. Trend Analysis D. Paieto Diagram sts Answer: B tua QUESTION NO: 469 lTe Explanation: B is the correct answer. A structured tool, usually industry or activity specific, used to verify that a set of required steps has been performed is called Check List Project management processes can be organized into the following: Ac A. Initiating, planning, contracting, executing, and administration B. Designing, developing, testing, and implementing C. Initiating, designing, planning, executing, controlling, and implementation D. Initiating, planning, executing, controlling, and closing Answer: D QUESTION NO: 470 Decomposition is ___________. A. What happens when changes to the project scope are ignore B. Subdividing the major project deliverables into smaller, more manageable components C. Defining a general product description into more discrete definitions of individual components "Pass Any Exam. Any Time." - www.actualtests.com 155 PMI PMI-002: Practice Exam D. Subdividing the project into logical divisions of effort aligned within the performing organization's functional areas Answer: B QUESTION NO: 471 In which of the following contract types the seller's profit is limited? A. Cost-plus-percentage-cost contract B. Cost-plus-fixed-fee contract C. Firm Fixed price contract D. Fixed-price-incentive fee contract m Answer: B sts .co Explanation: B is the correct answer. Cost-plus-fixed-fee contract and Cost-plus-incentive-fee contract where seller's profit is limited lTe QUESTION NO: 472 Which of the following is output of the Plan Communications process? Answer: B Ac tua A. Project Records B. Communications Management Plan C. Performance Reports D. Formal Acceptance Explanation: B is the correct answer. Communications Management Plan and Project document updates are output of the Plan Communications process. QUESTION NO: 473 Cost of Quality is a project management concept that includes cost of _________. A. Exceeding requirements B. Changes to the requirements C. Ensuring conformance to requirements "Pass Any Exam. Any Time." - www.actualtests.com 156 PMI PMI-002: Practice Exam D. The quality control requirements Answer: C QUESTION NO: 474 Work packages are described in the __________. A. Work breakdown structure B. Work charter C. Statement of work D) Q Work project plan m Answer: A .co QUESTION NO: 475 sts Life cycle costing ________________. QUESTION NO: 476 Ac Answer: A tua lTe A. Includes acquisition, operating, and disposal costs when evaluating various alternatives B. Includes only the cost of the development or acquisition of a product or service C. Does not take into consideration the effect of project decisions on the cost of using the resulting product D. Both B and c Conflict resolution techniques that may be used on a project include ______________. A. Withdrawing, compromising, controlling, and forcing B. Controlling forcing smoothing, and withdrawing C. Confronting, compromising, smoothing and directing D. Smoothing, confronting, forcing, and withdrawing Answer: D QUESTION NO: 477 "Pass Any Exam. Any Time." - www.actualtests.com 157 PMI PMI-002: Practice Exam Which process involves Monitoring, measuring, and taking corrective action? A. Executing processes B. Planning processes C. Controlling Processes D. Closing processes Answer: C Explanation: C is the correct answer. Planning Processes: Approach to executing project. Executing processes: Coordinating people and other resources. Controlling Processes: Monitoring, measuring, and taking corrective action. Closing processes: Formal product acceptance and end of project. .co A key barrier to team development is _________. m QUESTION NO: 478 lTe sts A. A strong matrix management structure B. When major problems delay the project completion date or budget targets C. When team members are accountable to both functional and project manager! D. When formal training plans cannot be implemented QUESTION NO: 479 tua Answer: C A. Avoid B. Transfer C. Accept D. ExPlot Ac Wgich of the following is NOT considered as strategy for positive risk ? Answer: D Explanation: D is the correct answer. Exploit is considered as strategy for positive risk.Strategies for negative risks are Avoid ,Transfer,Mitigate and Accept. QUESTION NO: 480 "Pass Any Exam. Any Time." - www.actualtests.com 158 PMI PMI-002: Practice Exam The adjustment of task schedules in order to deploy human resource more effectively is called resource _______. A. Tracking B. Loading C. Crashing D. Levelling Answer: D QUESTION NO: 481 Tools and techniques used during the Plan Quality process include which of the following: .co m A. Benefit/cost analysis B. Control charts C. Cost of Quality D. All of the above sts Answer: D tua QUESTION NO: 482 lTe Explanation: D is the correct answer. All are tools and techniques used during the Plan Quality process. When Identify Risks should be performed? Ac A. During Concept Phase B. During Development Phase C. During Implementation Phase D. On a regular basis throughout the project Answer: D Explanation: D is the correct answer. Identify Risks should be performed On a regular basis throughout the project QUESTION NO: 483 Which of the following contract types places the greatest risk on the seller? "Pass Any Exam. Any Time." - www.actualtests.com 159 PMI PMI-002: Practice Exam A. Cost-plus-fixed-fee contract B. Cost-plus-incentive-fee contract C. Fixed-price-incentive fee contract D. Firm-fixed-price contract Answer: D Explanation: D is the correct answer. Firm-fixed-price contract is good for buyer because product cost not change unless scope of work not changes. QUESTION NO: 484 .co sts A. Can often be found in procurement documents B. Can be objective or subjective C. Used to rate or score proposals D. All of the above m Which of the following is true concerning the evaluation criteria? Answer: D tua lTe Explanation: D is the correct answer. All of the above are true QUESTION NO: 485 Ac Percent complete is calculated by _________. A. ACWP/BAC B. BCWP-ACWP C. BCWP/BAC D. EAC/BAC Answer: C QUESTION NO: 486 Which process involves Formal product acceptance and end of project? A. Executing processes B. Planning processes "Pass Any Exam. Any Time." - www.actualtests.com 160 PMI PMI-002: Practice Exam C. Controlling Processes D. Closing processes Answer: D Explanation: D is the correct answer. Planning Processes: Approach to executing project. Executing processes: Coordinating people and other resources. Controlling Processes: Monitoring, measuring, and taking corrective action. Closing processes: Formal product acceptance and end of project. QUESTION NO: 487 .co sts A. Staffing Management Plan B. Responsibility Assignment Matrix (RAM) C. Organizational Breakdown Structure (OBS) D. Resource Assignment Chart m A document or tool which describes when and how human resources will be brought onto and taken off the project team is called _______. Answer: A Ac QUESTION NO: 488 tua lTe Explanation: A is the correct answer. Staffing Management Plan :A document or tool which describes when and how human resources will be brought onto and taken off the project team A contingency plan is executed when _______. A. A risk is identified B. An identified risk occurs C. When a workaround is needed D. All of the above Answer: B Explanation: B is the correct answer. A contingency plan is executed when An identified risk occurs QUESTION NO: 489 "Pass Any Exam. Any Time." - www.actualtests.com 161 PMI PMI-002: Practice Exam Project initiation is all of the following except: A. A process of formally recognizing that a new project exists B. A process of formally recognizing that an existing project should continue into its next phase C. It links the project to the ongoing work of the performing organization D. Its inputs are product description, strategic plan, constraints, and assumptions Answer: D QUESTION NO: 490 A series of consecutive points on the same side of the average is called ____________. .co m A. Run Chart B. Trend Analysis C. Outliers D. Cycle sts Answer: A lTe Explanation: A is the correct answer. A Run chart is a line graph that shows data points in the order in which they occur.A series of consecutive points on the same side of the average. tua QUESTION NO: 491 Ac Which of the following techniques accounts for path convergence and generally estimates project durations more accurately? A. CPM B. PERT C. Schedule Simulation D. Path Convergence Method Answer: C Explanation: C is the correct answer. Schedule Simulation generally estimates project durations more accurately. QUESTION NO: 492 "Pass Any Exam. Any Time." - www.actualtests.com 162 PMI PMI-002: Practice Exam The core planning processes include: A. Collect Requirements, Sequence Activities, and Plan Communications B. Plan Quality, Plan Communications, and Risk Response Development C. Define Scope, Estimate Activity Durations, and Determine Budget D. Collect Requirements, Define Activities, Estimate Costs, Plan Quality, and Plan Risk Responses Answer: C QUESTION NO: 493 When a risk should be avoided? sts .co m A. The risk event has a low probability of occurrence and low impact. B. The risk event is unacceptable - generally one with a very high probability of occurrence and high impact. C. The risk can be transferred by purchasing insurance. D. A risk event can never be avoided. Answer: B tua lTe Explanation: B is the correct answer. Most radical avoidance strategy is shutdown the project entirely. QUESTION NO: 494 Ac Which of the following are not functions of the project kick off meeting? A. Identifying project goals B. Obtaining commitment C. Presenting the project cost D. Introducing the stakeholders Answer: C QUESTION NO: 495 The most effective method in developing a project team within a matrix organization is to follow the ________. A. Communications plan "Pass Any Exam. Any Time." - www.actualtests.com 163 PMI PMI-002: Practice Exam B. Control Scope plan C. Staffing management plan D. Training development plan Answer: C QUESTION NO: 496 ___________ must be measured regularly to identify variance from the plan. m A. Stakeholder requirements B. Project performance C. Schedule progress D. Cost and schedule .co Answer: B sts QUESTION NO: 497 Answer: D tua A. Edward Deming B. PhiliP Crosby C. Juran D. Pareto lTe 80% of the problems are found in 20% of the work is a concept of ___________. Ac Explanation: D is the correct answer. Pareto law : A relatively small number of causes typically produce a majority of the problems and defects. This is called 80/20 principle , 80% of the problems due to 20% of the causes. QUESTION NO: 498 The work that must be done in order to deliver a product with the specified features and functions is called __________. A. Product scope B. Staffing scope C. The project "Pass Any Exam. Any Time." - www.actualtests.com 164 PMI PMI-002: Practice Exam D. Project scope Answer: D QUESTION NO: 499 A cost management plan is ______________. A. A plan for describing howcost variances will be managed B. A subsidiary element of the project charter C. An input to the Estimate Costs process D. Both A and C m Answer: A .co QUESTION NO: 500 sts Project Risk Management includes all of the following processes EXCEPT ________. lTe A. Plan Risk Management B. Identify Risks C. Risk Analysis D. Plan R^ Response tua Answer: C Ac Explanation: C is the correct answer. Perform qualitative risk analysis and Perform quantitative risk analysis is the process of Project Risk Management NOT Risk Analysis QUESTION NO: 501 Techniques for conducting product analysis include: A. Technical benefit analysis B. Value engineering C. Expert judgment D. Alternatives identification Answer: B "Pass Any Exam. Any Time." - www.actualtests.com 165 PMI PMI-002: Practice Exam QUESTION NO: 502 Human resource administration is the primary responsibility of which of the following: A. Project Management Team B. Human Resources Department C. Executive Manager D. Project Manager Answer: B QUESTION NO: 503 .co m During the execution of a software project, the vendor proposes an upgrade of a part of project without a change in the schedule or cost. After the change is approved, where would this change BEST be documented? lTe tua Answer: B QUESTION NO: 504 sts A. Project charter B. Procurement Management plan C. Work breakdown structure D. Quality assurance plan A. Referent power B. Formal power C. Functional power D. Expert power Ac Technical staffs tend to be particularly responsive to __________. Answer: B QUESTION NO: 505 Which of the following approaches to quality improvement is LEAST likely to produce positive results? "Pass Any Exam. Any Time." - www.actualtests.com 166 PMI PMI-002: Practice Exam A. Continuous improvement B. Increased inspection C. Statistical quality control D. IS09001 certified process Answer: B QUESTION NO: 506 The process of monitoring specific project results to determine if they comply with relevant quality standards is called ______________. .co m A. Quality Assurance B. Quality Control C. Plan Quality D. Quality Review Answer: B lTe sts Explanation: B is the correct answer. The process of monitoring specific project results to determine if they comply with relevant quality standards is called Quality Control tua QUESTION NO: 507 Group brainstorming encourages all of the following except ___________. Ac A. Team building B. Analysis of alternatives C. Convergent thinking D. Uninhibited verbalization Answer: C Explanation: C is the correct answer. Group brainstorming does not encourages Convergent thinking QUESTION NO: 508 The principle states that "Employees who believe that their efforts will lead to effective performance and who anticipate important rewards for their accomplishments become productive stay productive." This principle illustrates which of the following theory? "Pass Any Exam. Any Time." - www.actualtests.com 167 PMI PMI-002: Practice Exam A. Expectancy theory B. Maslow theory C. Herzberg theory D. None Answer: A QUESTION NO: 509 A work breakdown structure is a ______. .co m A. Result of the Collect Requirements process B. Deliverable oriented grouping of project elements that organizes and defines the total scope of the project C. Structure that can be used to track the project's time, cost, and quality performance against a defined baseline D. Valuable communications tool, but cannot be used to establish the number of required networks for Control Costs sts Answer: B QUESTION NO: 510 tua lTe Explanation: B is the correct answer. WBS :Deliverable oriented grouping of project elements that organizes and defines the total scope of the project Ac On a project, quality should generally be of ________. A. Equal priority with schedule, but higher priority than cost B. Higher priority than cost and schedule C. Equal priority with cost, but higher priority than schedule D. Equal priority with cost and schedule Answer: D QUESTION NO: 511 A risk response which involves eliminating a threat is called A. Mitigation "Pass Any Exam. Any Time." - www.actualtests.com 168 PMI PMI-002: Practice Exam B. Deflection C. Avoidance D. Transfer Answer: C Explanation: C is the correct answer. Avoidance is eliminating threat entirely. CAPMBOK Page no 303. QUESTION NO: 512 How much time does a typical project manager spend communicating both formally and informally? .co m A. 40-60% B. 50-70% C. 60-80% D. 75-90% sts Answer: D tua lTe Explanation: D is the correct answer. project manager spend 75-90% time to communicate both formally and informally QUESTION NO: 513 A. Executing processes B. Planning processes C. Controlling Processes D. Closing processes Ac Which process involves coordinating people and other resources to carry out plan? Answer: A Explanation: A is the correct answer. Planning Processes: Approach to executing project. Executing processes: Coordinating people and other resources. Controlling Processes: Monitoring, measuring, and taking corrective action. Closing processes: Formal product acceptance and end of project. "Pass Any Exam. Any Time." - www.actualtests.com 169 PMI PMI-002: Practice Exam QUESTION NO: 514 Project Procurement Management includes all of the following EXCEPT: A. Administration B. Stakeholder analysis C. Planning D. Solicitation Answer: B QUESTION NO: 515 m Parametric Estimate Costs involves: sts .co A. Calculating individual cost estimates for each work package B. Using rates and factors based on historical experience to estimate costs C. Using the actual cost of a similar project to estimate total project costs D. Both A and B lTe Answer: B QUESTION NO: 516 Ac A. Lateral thinking B. Value engineering C. Cost/benefit analysis D. Constraints analysis tua Collect Requirements includes alternatives identification, which can be conducted by the common technique of Answer: A QUESTION NO: 517 Complete final contract performance reporting and verify product is done in _______. A. Plan Procurements B. Conduct Procurements C. Administer Procurements D. Close Procurements "Pass Any Exam. Any Time." - www.actualtests.com 170 PMI PMI-002: Practice Exam Answer: D Explanation: D is the correct answer. Complete final contract performance reporting and verify product is done in Close Procurements. QUESTION NO: 518 The practice of ceasing mass inspections and ending awards based on price is credited to which of the following: m A. Edward Deming B. Philip Crosby C. Juran D. Pareto .co Answer: A sts QUESTION NO: 519 lTe A scope management plan describes __________. Answer: C Ac tua A. An assessment of the stability of the stakeholder environment B. A highly detailed approach to managing the work breakdown structure scope C. How the project scope will be managed and how scope changes will be integrated into the project D. The stakeholder's expectation on how changes will be identified and by what priority they will be addressed QUESTION NO: 520 What is CI? A. Continuous improvement B. A sustained, gradual change C. Constancy of purpose and commitment to quality as part of its focus D. All of the above Answer: D "Pass Any Exam. Any Time." - www.actualtests.com 171 PMI PMI-002: Practice Exam Explanation: D is the correct answer. Continuous Improvement : The plan-do-check-act is basis of quality improvement as defined by Edward and modified by Deming. QUESTION NO: 521 During the execution phase, a resource is added to the project team. What effect will this have on the project? A. The effect cannot be determined B. The project duration will be shortened C. A scope change will be required D. The quality of the project will be increased .co m Answer: A QUESTION NO: 522 sts In project communications, the sender is responsible for _____________. Ac Answer: A tua lTe A. Making the information clear, unambiguous, and complete so that the receiver can receive it correctly B. Ensuring information conveyed is accurate, clear, and timely so that it is useful to the receiver C. Making sure that the information is received in its entirety and understood correctly D. Identifying the proper choice of media, eliminating communications barriers, and utilizing the appropriate style and tone QUESTION NO: 523 Formal acceptance by the client or sponsor of the project should be prepared and distributed during which of the following process? A. Distribute Information B. Administrative Closure C. Organizational Planning D. Report Performance Answer: B "Pass Any Exam. Any Time." - www.actualtests.com 172 PMI PMI-002: Practice Exam Explanation: B is the correct answer. Formal acceptance by the client or sponsor of the project should be prepared and distributed during Administrative Closure process QUESTION NO: 524 You are the project manager of a project. The project plan has been developed. A project end date has been established. The customer later requesters additional work to be included in the project, but will not renegotiate the end date. Cost is not a factor. What should the project team do immediately? .co m A. Invoke the change control process B. Initiate contingency plans C. Modify the original project scope to include the additional work D. Commit to original project scope and open a new project to handle additional work sts Answer: A QUESTION NO: 525 tua Answer: B Ac A. Risk Management Plan B. WBS C. Scope Statement D. Project Charter lTe The one document that should always be used to help identify risk is _______. Explanation: B is the correct answer. WBS always be used to help identify risk. QUESTION NO: 526 Which of the following are examples of indirect costs? A. Salaries of corporate executives B. Salaries of full-time project staff C. Overhead costs D. Both a and c "Pass Any Exam. Any Time." - www.actualtests.com 173 PMI PMI-002: Practice Exam Answer: D Explanation: D is the correct answer. Salaries of full-time project staff included in direct cost. QUESTION NO: 527 A contingency plan is ________. A. A planned response that defines the steps to be taken, if an identified risk event should occur B. A workaround C. A reserve used to allow for future situations which may be planned for only in part D. All of the above m Answer: A sts .co Explanation: A is the correct answer. A planned response that defines the steps to be taken, if an identified risk event should occur is called contingency plan lTe QUESTION NO: 528 tua As part of the quality audit, the scope statement is checked against the work results to ensure the conformance to the customer requirements. The results should be documented and used for which of the following: Ac A. Estimating future projects B. Changing the project scope C. Defining future project tasks D. Validating the quality process Answer: C Explanation: C is the correct answer. quality audit can confirm the implementation of approved change requests,Defining future project tasks. QUESTION NO: 529 Analogous estimating ___________. A. Uses bottom-up estimating techniques. "Pass Any Exam. Any Time." - www.actualtests.com 174 PMI PMI-002: Practice Exam B. Uses the actual costs from a previous, similar project C. Is synonymous with top-down estimating D. Both B and c Answer: D QUESTION NO: 530 The independence of two events in which the occurrence of one is not related to the occurrence of the other is called _______. m A. Event phenomenon B. Independent probability C. Statistical independence D. Statistical probability .co Answer: C lTe tua A. Lead B. client C. Project manager D. Change control board sts Explanation: C is the correct answer. The independence of two events in which the occurrence of one is not related to the occurrence of the other is called Statistical independence Ac QUESTION NO: 531 CORRECT TEXT In a large, complex project, the authority to accept or reject a requested change should rest with the ________. Answer: D QUESTION NO: 532 The BEST way to organize project activities for scheduling is by ________. A. WBS B. Critical Path C. Task start date "Pass Any Exam. Any Time." - www.actualtests.com 175 PMI PMI-002: Practice Exam D. Responsible organization Answer: A QUESTION NO: 533 A project manager's role is likely to be part-time in which of the following organizations? A. Weak matrix B. Projectized organization C. Balanced matrix matrix D. All of the above m Answer: A sts .co Explanation: A is the correct answer. project manager's role is likely to be cordinator in weak or functional matrix organization QUESTION NO: 534 tua Answer: D Ac A. With negative float B. Witn zero float C. 0n tne critical path D. With positive float lTe Ideally, resource levelling should be limited to activities ________. QUESTION NO: 535 All of the following are outputs from Report Performance EXCEPT _________. A. Trend analysis B. "S" curves, histograms, bar charts, and tables C. Performance reports D. Change requests Answer: A Explanation: "Pass Any Exam. Any Time." - www.actualtests.com 176 PMI PMI-002: Practice Exam A is the correct answer. Trend analysis is a tool and technique used in Monitor and Control Risks. QUESTION NO: 536 A is the correct answer. Trend analysis is a tool and technique used in Monitor and Control Risks. A. Financial records B. Inspection specifications C. Project charter D. Project reports QUESTION NO: 537 .co The major project scope management processes include: lTe sts A. Change order control B. Initiation C. Program evaluation D. Scope validation tua Answer: B QUESTION NO: 538 m Answer: A Ac You are project manger of an existing project. You have been with your company for several years but not in the area where this project is occurring. A Project Management Plan is in place. The project has not exceeded many baseline change thresholds. The customer is not happy with the status of the project. Which of the following is the BEST initial action? A. Prepare a corrective action plan B. Conduct team-building with all stakeholders C. Verify the customer's needs and expectations D. None Answer: C QUESTION NO: 539 "Pass Any Exam. Any Time." - www.actualtests.com 177 PMI PMI-002: Practice Exam Which of the following statement is true about Quality control? A. Monitoring specific project results to determineIf they comply with relevant quality standards B. Evaluating overall project performance on a regular basis C. Taking action to increase the effectiveness and efficiency of the project D. Identifying which quality standards are relevant to the project Answer: A QUESTION NO: 540 A leadership style in which the project manager shares problems with team members and formulates solutions as a group is called _________. .co m A. Autocratic B. Consultation In a group C. Consensus D. One-to-one consultation sts Answer: C QUESTION NO: 541 tua lTe Explanation: C is the correct answer. Consensus is related to Delphi technique.project manager shares problems with team members and formulates solutions as a group. Ac Which of the following statements concerning compromise as a conflict resolution is false? A. Neither party wins but both parties get some degree of satisfaction B. Important aspects of the project may be hindered in order to achieve personal objectives C. Compromise is generally considered a lose-lose situation D. A Definitive resolution is seldom achieved Answer: D QUESTION NO: 542 Who is the person responsible for obtaining funding for a new project's conceptual study? A. Project manager B. President "Pass Any Exam. Any Time." - www.actualtests.com 178 PMI PMI-002: Practice Exam C. Chief financial officer D. Project sponsor Answer: D QUESTION NO: 543 An example of risk mitigation is: A. Taking early action to reduce probably of risk ratherrepair the damage after risk has occurred. B. Purchasing insurance C. Eliminating the cause of a risk D. You develop a contingency plan to execute in case the risk event occurs. m Answer: A sts .co Explanation: A is the correct answer. Taking early action to reduce probably of risk rather repair the damage after risk has occurred is mitigation. lTe QUESTION NO: 544 An input to the Control Scope process is ___________. Answer: B Ac tua A. Work results B. Work Performance information C. Customer requirements D. Product defects Explanation: B is the correct answer. Work Performance information is an input of Control Scope. QUESTION NO: 545 All of the following statements about the project charter are correct except: A. It Is often an internal legal document. B. It identifies the project manager's authority and responsibility. C. It identifies management and/or customer approved scope of the project. D. It usually does not identify cost and time estimates. "Pass Any Exam. Any Time." - www.actualtests.com 179 PMI PMI-002: Practice Exam Answer: D Explanation: D is the correct answer. project charter includes budget summary and summary milestone schedule also. QUESTION NO: 546 Estimated at Completion is determined by ___________. m A. ETC + ACWP B. BAC - ETC C. BAC/CPI D. Both A and C .co Answer: D sts QUESTION NO: 547 Which of the following statements concerning bottom up estimating is true? QUESTION NO: 548 Ac Answer: D tua lTe A. The cost and accuracy of bottom-up estimating is driven by the size of the individual work items B. Smaller work items increase both cost and accuracy C. Larger work items increase both cost and accuracy D. Both A and B are true The party that needs the change resulting from the project, and who will be its custodian on completion is the ___________. A. Owner B. Sponsor C. Customer D. client Answer: B "Pass Any Exam. Any Time." - www.actualtests.com 180 PMI PMI-002: Practice Exam QUESTION NO: 549 The project manager should be assigned ___________ as an output from the Initiation process. A. Once a budget has been approved B. As early in the project as is feasible C. After the stakeholders have approved the assignment D. As soon as the project plan is ready to be executed Answer: B QUESTION NO: 550 m Correspondence, contract changes, and payment requests are ___________ of contract administration. sts .co A. Outputs B. Tools C. Functions D. InPuts lTe Answer: A tua QUESTION NO: 551 A. Weighting System B. Screening System C. Selecting System D. None of the above Ac Which of the following is a method for quantifying qualitative data in order to minimize the effect of personal prejudice on source selection? Answer: A Explanation: A is the correct answer. Weighting System can be used Select a single seller that will be asked to sign a contract and establishing a negotiating sequence by raking the proposals by the weighted evaluation scores assigned to each proposal. QUESTION NO: 552 "Pass Any Exam. Any Time." - www.actualtests.com 181 PMI PMI-002: Practice Exam An individual's willingness to take a risk can be determined by which of the following: A. Decision Treemodelling B. Monte Carlo method C. Sensitivity analysis D. utility theory Answer: D QUESTION NO: 553 Which of the following techniques is used to control the project schedule? .co m A. Pareto diagram B. Performance measurement C. Parametric modelling D. Statistical sampling sts Answer: B lTe QUESTION NO: 554 The PERT method is MOST used in situations where Answer: C Ac tua A. ifIs important to know the inter relationships of activities B. Little is known about the cost estimated related to the project C. Little experience exists on which to base estimated of activity duration D. Resource requirements are well define QUESTION NO: 555 A relatively small number of causes typically produce a majority of the problems and defects is a concept of ___________. A. Edward Deming B. phil'P Crosby C. Juian D. Pareto Answer: D "Pass Any Exam. Any Time." - www.actualtests.com 182 PMI PMI-002: Practice Exam Explanation: D is the correct answer. Pareto law : A relatively small number of causes typically produce a majority of the problems and defects. This is called 80/20 principle , 80% of the problems due to 20% of the causes. QUESTION NO: 556 You are the project manager of a project. You have to determine the staffing requirements of the project. Which of the following you need: m A. Resource breakdown schedule B. Responsibility assignment matrix C. Work breakdown structure D. Organization chart .co Answer: C sts QUESTION NO: 557 tua Answer: B Ac A. Function B. Design C. Cost D. Fabrication lTe A service or product's reliability and maintenance characteristics are MOST affected by which of the following: QUESTION NO: 558 Which of the following is considered during the Plan Procurement Process? A. Whether to procure B. How to procure and how much to procure C. What and when to procure D. All of the above Answer: D "Pass Any Exam. Any Time." - www.actualtests.com 183 PMI PMI-002: Practice Exam QUESTION NO: 559 If a project has an 80% chance of activity will take 2 weeks or less. what is the probability of the event? A. 75% B. 65% C. 50% D. 20% Answer: D m Explanation: D is the correct answer. 20% probability of exceeding 2 weeks - 80% chance of activity will take 2 weeks or less .co QUESTION NO: 560 sts Collect Requirements is: lTe A. Developing a comprehensive plan based on input from major stakeholders B. The process of defining and documenting stakeholders needs to meet project objectives C. The process which provides information for planning project milestones D. Subdividing the project into smaller, more manageable components tua Answer: B Ac Explanation: B is the correct answer. Collect Requirements : The process of defining and documenting stakeholders needs to meet project objectives QUESTION NO: 561 A unilateral contract under which the seller is paid a preset amount per unit of service is called __________. A. A cost reimbursable contract B. A lump sum contract C. A time and material contract D. A fixed price contract Answer: C "Pass Any Exam. Any Time." - www.actualtests.com 184 PMI PMI-002: Practice Exam Explanation: A unilateral contract under which the seller is paid a preset amount per unit of service is called __________. QUESTION NO: 562 You are the project manager of a project .The senior executive of your company wants monthly schedule update of your project. Which of the following would you send to the executive? A. Milestone chart B. Time scaled network diagram C. Arrow activity diagram D. PERT chart .co m Answer: A QUESTION NO: 563 tua lTe A. Funding for staff development activities B. Shared work ethics among team members C. Commitment from top level management D. Removal of troublesome individuals sts Which of the following is a mandatory prerequisite for team building? Ac Answer: C QUESTION NO: 564 The belief that management's high levels of trust, confidence and commitment to workers leads to high levels of motivation and productivity on the part of workers is a part of which motivation theory? A. Theory Y B. Theory Z C. Theory X D. Contingency Theory Answer: B "Pass Any Exam. Any Time." - www.actualtests.com 185 PMI PMI-002: Practice Exam QUESTION NO: 565 Developing a written scope statement as the basis for future project decisions is called _________________. A. Product Analysis B. Define Scope C. Project Development D. Collect Requirements Answer: D sts A. Verify that contractual obligations were met B. Transfer the deliverables to the client C. Reassign team member D. Complete lessons learned records .co During project lose out, the final task is __________. m QUESTION NO: 566 lTe Answer: B tua QUESTION NO: 567 Which of the following is part of the expectancy theory of motivation? Ac A. Clear, specific, and challenging goals generally motivate team members B. Project managers should ensure that tasks assigned to project participants match their skills and the organizational climate is conducive to helping them meet their needs and achieving a sense of competence C. People tend to be highly productive and motivated if they believe their efforts will lead to successful results and that success will lead to personal rewards D. None of the above Answer: C QUESTION NO: 568 Determining conformance with scope requirements is called _________. "Pass Any Exam. Any Time." - www.actualtests.com 186 PMI PMI-002: Practice Exam A. Quality Management B. Quality Assurance C. plan Quality D. Quality Control Answer: D QUESTION NO: 569 Risks are accepted when __________. m A. You develop a contingency plan to execute in case the risk event occurs. B. To eliminate the threat entirely. C. You transfer the risk to another party. D. Taking early action to reduce probably of risk rather repair the damage after risk has occurred. .co Answer: A lTe sts Explanation: A is the correct answer. Risks are accepted when You develop a contingency plan to execute in case the risk event occurs and You accept the consequences of the risk. QUESTION NO: 570 Ac A. Innovation B. Continuous improvement C. Just in time D. Paradigm tua The concept of making a giant leap forward followed by a period of maturity is called _________. Answer: A Explanation: A is the correct answer. The concept of making a giant leap forward followed by a period of maturity is called Innovation QUESTION NO: 571 What impact does a matrix organization have on project team development? A. No impact at all "Pass Any Exam. Any Time." - www.actualtests.com 187 PMI PMI-002: Practice Exam B. It complicates team development C. It simplifies team development D. It hinders team development completely Answer: B QUESTION NO: 572 A technique for resolving conflict in which the parties agree to have a neutral third party hear the dispute and make a decision is called __________. m A. Negotiation B. Arbitration C. Smoothing D. Forcing QUESTION NO: 573 lTe The sender is responsible for __________. sts .co Answer: B Ac Answer: A tua A. Confirming that the message is understood B. Ensuring that the receiver agrees with the message C. Scheduling communication exchange D. Presenting the message in the most agreeable manner Explanation: A is the correct answer. The sender is responsible for Confirming that the message is understood QUESTION NO: 574 Completion of the _____________ scope is measured against the project management plan. A. Project B. Technical C. Product D. Baseline Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 188 PMI PMI-002: Practice Exam Explanation: A is the correct answer. Completion of the Project scope is measured against the project management plan. QUESTION NO: 575 The items at the lowest level of the WBS are called __________. A. Code of accounts B. Subtasks C. Work packages D. Nodes m Answer: C .co Explanation: C is the correct answer. items at the lowest level of the WBS are called Work packages sts QUESTION NO: 576 QUESTION NO: 577 Ac Answer: C tua A. Length of the project B. Physical location of team members C. Specific needs of the project D. Project deliverables lTe The communications management plan is primarily dependent on the ____________. The overall intentions and direction of an organization with regard to quality as formally expressed by top management is a __________. A. Quality Plan B. Quality Statement C. Quality Policy D. TQM Answer: C Explanation: "Pass Any Exam. Any Time." - www.actualtests.com 189 PMI PMI-002: Practice Exam C is the correct answer. Quality Policy : endorsed by senior management. QUESTION NO: 578 The process of evaluating overall project performance on a regular basis to provide confidence that the project will satisfy the relevant quality standards is called __________. A. Quality Assurance B. Quality Control C. Plan Quality D. Quality Review Answer: A sts .co m Explanation: A is the correct answer. The process of evaluating overall project performance on a regular basis to provide confidence that the project will satisfy the relevant quality standards is called Quality Assurance QUESTION NO: 579 lTe All of the following aid in achieving consensus EXCEPT __________. Answer: B Ac tua A. Maintaining a focus on the problem, not each other B. Avoiding conflict C. Seeking facts D. Avoiding voting, trading, or averaging Explanation: B is the correct answer. Avoiding conflict is the correct answer. QUESTION NO: 580 Which of the following statements is false? A. Uncertainty and risk are greatest at the start of the project and lowest at the end. B. The amount at stakeIs lowest at the end of the project and greatest at the start. C. Expected monetary value can be expressed as the product of the risk event probability and the risk event value. "Pass Any Exam. Any Time." - www.actualtests.com 190 PMI PMI-002: Practice Exam D. Opportunities are positive outcome of risks. Answer: B Explanation: B is the correct answer. All statements are true EXCEPT B QUESTION NO: 581 ___________ is a groups of processes required to purchase or acquire the products, services, or results needed from outside the project team to perform the work. .co m A. Procurement Management B. Planning Management C. Scope Management D. Control Management Answer: A QUESTION NO: 582 tua lTe sts Explanation: A is the correct answer. Procurement Management is a groups of processes required to purchase or acquire the products, services, or results needed from outside the project team to perform the work. Which of the following is not a process of project human resource management? Ac A. Organizational Planning B. stan< Acquisition C. Distribute Information D. Team Development Answer: C QUESTION NO: 583 To shorten project duration, resources have been added to tasks on the critical path. The plan should then be reviewed for the __________. A. Lagging time on other paths B. Emergence of a new critical path "Pass Any Exam. Any Time." - www.actualtests.com 191 PMI PMI-002: Practice Exam C. Resource assigned to other tasks on the critical path D. Longest task remaining in the plan Answer: B QUESTION NO: 584 The project manager's leadership style should be matched to the corresponding developmental level of the project team and should move through successive steps in the following order: m A. Disciplinary, autocratic, and participative B. Staff planning, team training, and performance monitoring C. Team building, team development, and responsibility assignment D. Directing, coaching, supporting, and delegating .co Answer: D sts QUESTION NO: 585 Answer: D tua Ac A. $93,000 B. $96,000 C. $97,000 D. None of the above lTe The seller delivers a fixed price plus incentive fee project at a cost of $90,000. The terms of the contract are a ceiling price of $120,000, a target cost of $ 100,000, a target profit of $10,000, and a target price of $110,000. The share ratio is 70/30. The final price (your total reimbursement) is _________. QUESTION NO: 586 Estimate Costs_____________. A. Involves developing an estimate of the costs of the resources needed to complete project activities B. Cost estimates are generally expresses in unit of some currency. C. Involves allocating the overall estimates to individual work items D. All of the above "Pass Any Exam. Any Time." - www.actualtests.com 192 PMI PMI-002: Practice Exam Answer: D QUESTION NO: 587 A project management professional can compare earned value performance data to all of the following project management tools EXCEPT: A. Critical path analysis B. Technical performance metrics C. Risk mitigation plans D. Forecasted final costs and schedule estimates m Answer: D .co QUESTION NO: 588 sts Using the PMBOK definition of contingency reserve, which of the following statements about contingency reserves is false? tua lTe A. A contingency reserve is a separately planned quantity used to allow for future situations which may be planned for only in part. B. Contingency reserves may be set aside for known unknowns. C. Contingency reserves may be set aside for unknown unknowns. D. Contingency reserves are normally included in the project's cost and schedule baselines. Answer: C Ac Explanation: C is the correct answer. Contingency reserves may be set aside for known unknowns QUESTION NO: 589 A histogram ordered by frequency of occurrence that shows how many results were generated by each identified cause is __________. A. Statistical Histogram B. Juran Histogram C. Fishbone Diagram D. Pareto Diagram Answer: D "Pass Any Exam. Any Time." - www.actualtests.com 193 PMI PMI-002: Practice Exam Explanation: D is the correct answer. Pareto diagram (Pareto chart) shows how many defects were generated by types or category of identified cause. QUESTION NO: 590 You are the controller on your project. Your project manager has requested that you provide him with a forecast of project costs for the next 12 months. He needs this information to determine if the budget should be increased or decreased on this major construction project. In addition to the usual information sources, which of the following should you also consider? .co m A. Cost estimates from similar projects B. The WBS C. Long-range weather forecasts D. Existing change requests sts Answer: D QUESTION NO: 591 tua Answer: D Ac A. Work breakdown structure B. Resource planning C. Planning processes D. Executing processes lTe _____________ involve coordinating people and other resources to carry out the plan. QUESTION NO: 592 The three major types of communication are: A. Written, verbal, and non-verbal B. Verbal, formal documentation, and informal documentation C. Verbal, written, and graphic D. Verbal, written, and electronic Answer: A Explanation: "Pass Any Exam. Any Time." - www.actualtests.com 194 PMI PMI-002: Practice Exam A is the correct answer. Written, verbal, and non-verbal are three major types of communications QUESTION NO: 593 A Strong Matrix is _____. A. A balanced matrix organization B. Where all team members are brought together in one location C. Where functional managers operate in a dual reporting structure reporting to both their own departments and to the project manager D. Power reset with Functional Manager m Answer: B .co QUESTION NO: 594 When should the project expeditor form of organization be used? lTe sts A. When the project is extremely important to the organization B. When a project's cost and importance are relativelylow C. When the project manager has a lot of responsibility and accountability D) Q When the organization's primary source of revenue is derived from projects QUESTION NO: 595 Ac tua Answer: B Which of the following is not a process of Project Communications Management? A. Identify stakeholders B. Report Performance C. Distribute Information D. Conflict Management Answer: D Explanation: D is the correct answer. Conflict Management is a tool and technique for Manage Project Team QUESTION NO: 596 "Pass Any Exam. Any Time." - www.actualtests.com 195 PMI PMI-002: Practice Exam Which of the following is NOT considered a cost of non-conformance to quality? A. Scrap B. Rework C. Liabilities D. Training Answer: D Explanation: D is the correct answer. Training is considered as cost of conformance to quality. QUESTION NO: 597 m Team motivation, problem resolution, and space verification occur during which process? sts .co A. Initiation B. Planning C. Execution D. Close lTe Answer: C tua QUESTION NO: 598 All of the following are communication tools EXCEPT _________. Ac A. Memos B. Verbal circulation of arumour C. video conferencing D. Inputting data into a spreadsheet Answer: D Explanation: D is the correct answer. Inputting data into a spreadsheet is not communication tool. Memos belongs to push communication. Video conferencing belongs to interactive communication. QUESTION NO: 599 Which of the following is not an input into organizational planning? "Pass Any Exam. Any Time." - www.actualtests.com 196 PMI PMI-002: Practice Exam A. Recruitment practices B. Project interfaces C. Staffing requirements D. Constraints Answer: A QUESTION NO: 600 Most schedule simulations are based on some form of which of the following? m A. Delphi B. PERT C. CPM D. Monte Carlo Analysis .co Answer: D sts Explanation: D is the correct answer. Most schedule simulations are based Monte Carlo Analysis lTe QUESTION NO: 601 Ac A. Critical path method B. Schedule compression C. What if scenario analysis D. Resource leveling tua Monte Carlo analysis is a form of what type of analysis? Answer: C QUESTION NO: 602 Which process involves formal product acceptance and end of a project? A. Executing processes B. Planning processes C. Controlling Processes D. Closing processes Answer: D "Pass Any Exam. Any Time." - www.actualtests.com 197 PMI PMI-002: Practice Exam Explanation: Planning Processes :Approach to executing project. Executing processes :Coordinating people and other resources. Controlling Processes :Monitoring , measuring, and taking corrective action. Closing processes : Formal product acceptance and end of project. QUESTION NO: 603 Planning components are tools or techniques of the Define Activities process. Which of the following are planning components? m A. Executing processes B. Planning processes C. Controlling Processes D. Closing processes .co Answer: B sts QUESTION NO: 604 lTe If BCWP= 450: ACWP= 410, and BCWS= 325, what is the schedule variance and the schedule performance index? tua A. +25: °875 B. +75:1.38 C. _50: °-875 D. "50:1.07 Ac Answer: B Explanation: Schedule Variance (SV) :Any difference between the scheduled completion of an activity and the actual completion of that activity. Schedule Variance = BCWP - BCWS. Schedule Performance Index (SPI): The ratio of work performed to work scheduled. (BCWP / BCWS) QUESTION NO: 605 Bar charts generally illustrate: A. Progress of status. B. The critical path. C. Budget relation ships. "Pass Any Exam. Any Time." - www.actualtests.com 198 PMI PMI-002: Practice Exam D. Logical relationships. Answer: A QUESTION NO: 606 As a project manager, you know that the most important activity to ensure customer and stakeholder satisfaction is which of the following? m A. Documenting and meeting the requirements B. Reporting project status regularly and in a timely manner C. Documenting and meeting the performance measurements D. Reporting changes and updating the project plan and other project documents where appropriate .co Answer: A sts Explanation: Documenting the requirements and meeting them is one of the key things you can do to ensure customer satisfaction lTe QUESTION NO: 607 Ac tua You are assigned to a project that has already been decided to be outsourced. As a project manager, you need to organize a formal bid process and select the vendor for this project. Your senior management is forcing you to select a vendor which has good relation with your senior management. What is the BEST course of action for you? A. Follow the formal bid process, and show the senior management about why the favored vendor is or is not the best choice. B. Report to legal department of your company. C. Report to your Manager about this. D. Get a written permission from your senior management to bypass the formal bid process. Answer: A Explanation: Best option is follow the formal bid process, and show the senior management about why the favored vendor is or is not the best choice. QUESTION NO: 608 "Pass Any Exam. Any Time." - www.actualtests.com 199 PMI PMI-002: Practice Exam What type of organizational structure usually experiences the MOST team nervousness at project close-out? A. Weak matrix B. Projectized C. Strong matrix D. Functional Answer: B Explanation: PROJECTIZED : All organization is by projects. The project manager has total control of projects. Personnel are assigned and report to a project manager .co Project management processes is organized into: m QUESTION NO: 609 lTe sts A. Initiating, planning, executing, controlling, and closing B. Initiating, planning, contracting, executing, and closing C. Designing, developing, testing, and implementing D. Initiating, planning, contracting, developing, and closing Answer: A QUESTION NO: 610 Ac tua Explanation: Within the structure of a project, there are five phases: Initiation, Planning, Execution, Control, and Closing To verify if the scope of the project is being met (Verify Scope), it is necessary to: A. Ensure that changes tot eh project character are reflected in the definition. B. Conduct periodic inspections, reviews, and walk-thoughts. C. Verify the project schedule is on track. D. Define causes and symptoms of identified problem. Answer: B QUESTION NO: 611 "Pass Any Exam. Any Time." - www.actualtests.com 200 PMI PMI-002: Practice Exam Overall project performance is measured by the: A. Gantt chart. B. Work breakdown structure. C. PERT chart. D. Earned value chart. Answer: D QUESTION NO: 612 You are the project manager and cost or schedule for a project is often dictated by management. In this situation, you should take all of the following steps EXCEPT: .co sts Answer: A m A. Accept is with no prior action. B. Inform management of the consequences. C. Negotiate scope. D. Perform risk assessment. lTe QUESTION NO: 613 Ac A. Project management B. Stakeholders C. Project managers D. None tua Which of the following brings together a set of tools and techniques used to describe, organize, and monitor the work of project activities? Answer: A Explanation: Project management brings together a set of tools and techniques to organize project activities. Project managers are the ones responsible for managing the project processes. QUESTION NO: 614 _______ must be measured regularly to identify variance from the plan. A. Project performance "Pass Any Exam. Any Time." - www.actualtests.com 201 PMI PMI-002: Practice Exam B. Stakeholder requirements C. Schedule progress D. Cost and schedule Answer: A Explanation: Variance Analysis: Project performance measurements are used to assess the magnitude of variation. QUESTION NO: 615 sts Answer: B .co A. Used, to predict future status and progress. B. An Important element of communications. C. Needed at least weakly. D. None m Project progress reports are: lTe QUESTION NO: 616 Ac A. Withdrawal B. Forcing C. Confrontation D. Smoothing tua Which of the following best describes the conflict resolution technique that involves problem solving and fact finding missions in order to discuss a win-win resolution? Answer: C QUESTION NO: 617 20 Reverse analysis is a tool or technique in all of the following processes EXCEPT: A. Monitor and Control Risks B. Activity resource estimation C. Cost estimation D. Determine Budget "Pass Any Exam. Any Time." - www.actualtests.com 202 PMI PMI-002: Practice Exam Answer: B QUESTION NO: 618 What is the BEST way to accomplish resource planning? A. Identify required resources and allocate them to all project activities. B. Identify required resources in the project charter. C. Identify available resources and allocate them to all activities in the current phase of the project. D. Identify the resources that performed past similar projects, and allocate them to all project activities. m Answer: D .co QUESTION NO: 619 Which organization has set the de facto standards for project management techniques? lTe sts A. PMBOK B. PMI C. PM0 D. PMA tua Answer: B QUESTION NO: 620 Ac Explanation: The Project Management Institute (PMI) is the industry recognized standard for project management practices. Which of the following situations will cause schedule activity duration estimates to directly influence the cost estimates EXCEPT: A. When resource cost rate information is unavailable from commercial databases B. When resources are applied per unit of time of duration of schedule activity C. When union labor with regularly expiring collective bargaining agreements are involve D. When seasonal cost variations are involve E. When project budget includes interest rate changes Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 203 PMI PMI-002: Practice Exam QUESTION NO: 621 You are project manager and during the course of a project, the number of team members increases form six to ten. How many ADDITIONAL lines of communication channel now exist? A. 10 B. 35 C. 30 D. 55 Answer: C QUESTION NO: 622 sts Which of the following is true regarding the NPV? .co m Explanation: lines of communication channel = n(n-1)/2 So answer is 10(10-1)/2 - 6(6-1)/2 = 45-15 = 30 tua lTe A. NPV assumes reinvestment at the cost of capital. B. NPV assumes reinvestment at the prevailing rate. C. NPV assumes reinvestment at the NPV rate. D. NPV decisions should be made based on the highest value for all the selections. Answer: A Ac Explanation: Net present value (NPV) assumes reinvestment is made at the cost of capital. QUESTION NO: 623 Your project is moving ahead of schedule. Management elects to incorporate additional quality testing into the project to improve the quality and acceptability of the project deliverable. This is an example of which one of the following? A. Scope creep B. Change control C. Quality Assurance D. Integrated Change Control Answer: D "Pass Any Exam. Any Time." - www.actualtests.com 204 PMI PMI-002: Practice Exam Explanation: Additional quality testing will require additional time and resources for the project. This is an example of Integrated Change Control. QUESTION NO: 624 As a CAPM, you are required to comply with the CAPM Code of Professional Conduct. Part of your responsibility concerns applying professional knowledge. All of the following are part of applying professional knowledge except for which one? m A. Staying abreast of project management practices B. Honestly reporting your project management experience C. Keeping up with industry trends and new technology D. Developing relationships based on mutual respect .co Answer: D lTe sts Explanation: Applying professional knowledge involves staying abreast of project management practices, industry trends, and new technology and honestly reporting your experiences. QUESTION NO: 625 tua Which of the following are NOT tools or techniques of the Activity Definition process? Answer: D Ac A. Expert judgment B. Decomposition, templates C. Rolling wave planning D. Schedule network templates QUESTION NO: 626 As a project manager, you are responsible for maintaining and ensuring integrity for all of the following except: A. Personal integrity of others B. Project management process C. Personal integrity D. Product integrity "Pass Any Exam. Any Time." - www.actualtests.com 205 PMI PMI-002: Practice Exam Answer: A Explanation: You are not responsible for the personal integrity of others, but as project manager you do have influence over others, such as your project team members. QUESTION NO: 627 You are a project manager for a small local bank. The bank wants you to design and develop a custom online bill pay software so that its customers can pay their bills online. You are ready to begin the Activity Resource Estimation process for your project. Which of the following would you not consider when developing the activity resource requirements document? .co m A. Resource availability B. Project management plan C. Resource breakdown structure D. Activity list sts Answer: C lTe QUESTION NO: 628 Answer: A Ac A. Work breakdown structure. B. Design specification C. Project slow chart D. Project chart tua Which of the following is useful in Identify Risks because it permits a systemic evaluation of the work? QUESTION NO: 629 As a project manager, you know that the most important activity to ensure customer and stakeholder satisfaction is which of the following? A. Documenting and meeting the requirements B. Reporting project status regularly and in a timely manner C. Documenting and meeting the performance measurements D. Reporting changes and updating the project plan and other project documents where appropriate "Pass Any Exam. Any Time." - www.actualtests.com 206 PMI PMI-002: Practice Exam Answer: A Explanation: Documenting the requirements and meeting them is one of the key things you can do to ensure customer satisfaction QUESTION NO: 630 Which is not true about change requests : m A. They always require additional funding. B. They happen while the project work is being done. C. They can be written or verbal. D. They can be requested by a stakeholder. .co Answer: A sts Explanation: Change requests do not always require more money. Approved changes may require more funds, but not always lTe QUESTION NO: 631 tua A project success can be achieved only if: Answer: A Ac A. There is a clear link between the project deliverables and the business strategy. B. The project sponsor leads the initiatives. C. The project manager is an expert in managing resources. D. Allof the above Explanation: There is no project for the sake of spending money. There is a clear link between the project deliverables and the business strategy. QUESTION NO: 632 You are managing a project that will implement a new MARKETING software package. You have assigned the resources and want to keep the IT manager in the loop by informing your decisions. Which type of organizational structure are you working in? "Pass Any Exam. Any Time." - www.actualtests.com 207 PMI PMI-002: Practice Exam A. Projectized B. Strong Matrix C. Weak Matrix D. Functional Answer: B m Explanation: Projectized Organization: Any organizational structure in which the project manager has full authority to assign priorities and to direct the work of individuals assigned to the project. Strong Matrix: The project manager is assigned full time and has a full time support staff.project manager has the preeminent position of authority. Weak Matrix : Power reset with Functional Manager. Functional : In this organization Project Manager has least power and all management is taken care by functional manager like marketing engineer, sales engineer. .co QUESTION NO: 633 sts 21 Your project sponsor has asked you to produce a Risk Management Plan for your current project. Which of the following best describes the plan you should adopt for your project? Ac Answer: B tua lTe A. The plan must include the predefined risk management policies as they relate to the organization B. The plan must ensure that the level of details and risk management efforts are commensurate with the level of risk and importance of the project C. The plan must be predefined templates as defined by the organization D. The plan must include the predefined roles and responsibilities as they relate to risk management. QUESTION NO: 634 You are the project manager and are considering recommending a project that costs $280,000; expected inflows are $10,000 per quarter for the first two years and then $25,000 per quarter thereafter. What is the payback period? A. 48 months B. 40 months C. 36 months D. 50 months Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 208 PMI PMI-002: Practice Exam Explanation: Year 1 and 2 inflows are each $40,000 for a total of $80,000. Year 3 inflows are an additional $100,000. Add one more quarter to this total, and the $280,000 is reached in 4 years, or 48 months. QUESTION NO: 635 If BCWP =400, ACWP = 410, and BCWS = 350, what is the cost performance index? A. 0-413 B. 0-82 C. 1-06 D. 1-142 m Answer: D sts .co Explanation: Cost Performance Index (CPI): The ratio of budgeted costs to actual costs (BCWP / ACWP). If CPI is less than 1, this means that the project is over budget. lTe QUESTION NO: 636 Which statement is not true regarding the issue logs? Ac tua A. Issue logs are written logs that document person responsible for resolving for specific issue by a target date. B. Issue logs are tool of Manage Stakeholder Expectations process. C. Issue logs are tool of manage project team process. D. Issue logs describe the ground rules and conflict management procedures to manage the project. Answer: D QUESTION NO: 637 You are a project manager for Food Plaza, which is a retail food delivery store. Your company is competing with another retail store for the option of opening two new stores in a foreign country. You have been invited for a dinner with the prospective foreign business partners and their spouses upon your arrival. You know that all of the following statements are generally true except: A. You should spend time building relationships with your prospective foreign business partners before getting down to business. "Pass Any Exam. Any Time." - www.actualtests.com 209 PMI PMI-002: Practice Exam B. You should respect the cultural differences you'll encounter when working with your prospective foreign business partners. C. You should build an atmosphere of mutual trust and cooperation. D. You should explain your company's rules, standards, and operating policies at your first meeting with the prospective foreign business partner! Answer: D Explanation: Your first meeting with foreign partners should be spent getting to know them on a personal basis. You should explain your company's rules, standards, and operating policies at your first meeting with the prospective foreign business partners. m QUESTION NO: 638 .co In project planning, which one of the following is the LEAST applicable to the resource assignment matrix? lTe sts A. The lines of communication both with in and outside the project B. The compensation level of participants C. The assignment of responsibilities to the work breakdown stricture D. The authority to approve at various completion stages QUESTION NO: 639 tua Answer: B Ac You are a project manager and the management wants you to help them determine which projects should be selected for implementation. In a project selection model, the most important factor is which one of the following? A. Business needs B. Type of constraints C. Budget D. Schedule Answer: A Explanation: Projects are selected based on business needs first. "Pass Any Exam. Any Time." - www.actualtests.com 210 PMI PMI-002: Practice Exam QUESTION NO: 640 Your upcoming project includes project team members from a foreign country. To make certain that cultural differences do not interfere with team performance, thereby affecting the success of the project, which is your first course of action ? A. Provide diversity training to all the team members. B. Collocate the project team. C. Inform the team members of the organization's rules and standards. D. Perform team building exercises. Answer: A .co m Explanation: The most correct response is to first provide training to your team members to teach them how to respect and work with others from different cultures. QUESTION NO: 641 sts During project integration activities, a project sponsor's role can best be described as doing which one of the following? tua lTe A. Helping the project manager and stakeholders to resolve any issues B. Acting as a sounding board for the project stakeholders C. Showing management the project progress and status reports D. None Answer: A Ac Explanation: During project integration activities, a project sponsor's role can best be described as doing which one of the following? QUESTION NO: 642 The Person primarily responsible for the quality of deliverables is the. A. Quality control inspector. B. Project manager. C. Design engineer. D. Quality manager. Answer: B "Pass Any Exam. Any Time." - www.actualtests.com 211 PMI PMI-002: Practice Exam QUESTION NO: 643 Based on the PMBOK, who is ultimately responsible for the project quality? A. Project team B. Project manager C. QA manager D. Validation engineer Answer: B m Explanation: Project manager IS ultimately responsible for the project quality .co QUESTION NO: 644 sts Comparing actual to baseline schedules, examining the statement of work, understanding cost overruns, and assessing risk; all occur during a: QUESTION NO: 645 tua Ac Answer: A lTe A. Project audit. B. Contract negotiation. C. Stakeholder meeting. D. Resource leveling activity. Which of the following best describes the risks that still remain after avoidance, transfer, or mitigation responses have been implemented? A. Contingency risks B. Tertiary risks C. Residual risks D. Secondary risks Answer: C QUESTION NO: 646 "Pass Any Exam. Any Time." - www.actualtests.com 212 PMI PMI-002: Practice Exam Which of the following illustrate a chart with upper or lower limits on which value of some statistical measure for a series of samples are plotted using sample measure measurement, where the mean and standard deviation are determine from the sample selected? A. Statistical sampling B. Gantt chart C. Pareto diagram D. Control chart Answer: D QUESTION NO: 647 m The responsibility assignment matrix is a project management tool used to ________. sts .co A. Ensure team members understand their specific roles. B. Develop the work breakdown structure based on available resources. C. Establish project members availability to work on the project. D. Depict the project's organizational structure. lTe Answer: A QUESTION NO: 648 tua You are project manager of a project and the funding for your project has been reduced. What is the BEST action to take in response to this? Ac A. Perform detailed financial analysis and renegotiate for adequate funding. B. Inform in customer that the project will be delayed an adjust resources accordingly. C. Only do as much work as the new budget permits and document actions taken. D. Inform the customer of impacts and negotiate a change in scope. Answer: D QUESTION NO: 649 Which of the following is output of Direct and Manage Project Execution ? A. Change requests. B. Responsibility assignment matrix C. Work breakdown structure "Pass Any Exam. Any Time." - www.actualtests.com 213 PMI PMI-002: Practice Exam D. Project character Answer: A Explanation: Change requests , Deliverables and work performance information is output of Direct and Manage Project Execution. QUESTION NO: 650 m You have been assigned to take over a project that is 60 percent complete according to the schedule. After evaluation, you find that the project is running far behind schedule, and that the project will probably take double the time originally estimated by the previous project manager. However, the sponsor has been told that the project is on schedule. What is the BEST course of action you will take? sts .co A. Add new resource to the project and complete the project on schedule. B. Show your evaluation to sponsor. C. Ask your senior manager to deal with this. D. Turn the project back to the previous project manager. lTe Answer: B tua Explanation: You can't turn the project back to the previous project manager because he or she may be busy with other project. Best Option is show your evaluation to sponsor. Ac QUESTION NO: 651 A project Control Scope system is documented during which of the Project Scope Management processes? A. Collect Requirements B. Define Scope C. Verify ScoPe D. Control Scope Answer: B Explanation: A project scope management plan should document the Control Scope system. "Pass Any Exam. Any Time." - www.actualtests.com 214 PMI PMI-002: Practice Exam QUESTION NO: 652 The project baseline is: A. original plans plus the approved changes B. important in the project initiation phase C. initial estimates for tasks and resource utilization D. None Answer: A Explanation: The project baseline : original plans plus the approved changes . m QUESTION NO: 653 .co The party that needs the change resulting from the project, and who will be its custodian on completion is the _________. lTe sts A. Owner B. client C. Sponsor D. Customer QUESTION NO: 654 Ac Explanation: Owner tua Answer: A You are in process of developing an approximation of the costs of resources needed to complete each schedule activity. Which of the following is the least helpful input? A. WBS, WS dictionary B. Market place conditions, commercial databases C. Estimate Costs policies/ templates, historical information, project team knowledge D. Activity cost estimates, activity cost estimate supporting detail Answer: D "Pass Any Exam. Any Time." - www.actualtests.com 215 PMI PMI-002: Practice Exam QUESTION NO: 655 As a project manager, you know that the most important activity to ensure customer and stakeholder satisfaction is which of the following? A. Documenting and meeting the requirements B. Reporting project status regularly and in a timely manner C. Documenting and meeting the performance measurements D. Reporting changes and updating the project plan and other project documents where appropriate Answer: A .co m Explanation: Documenting the requirements and meeting them is one of the key things you can do to ensure customer satisfaction QUESTION NO: 656 tua lTe A. Celebrate success with the team. B. Evaluate team member performance. C. get a sign-off from the customer. D. Plan a turnover meeting. sts You are the project manager and at the completion of the project, you MUST: QUESTION NO: 657 Ac Answer: C Which of the following are not tools and techniques of source selection ? A. a weighting system. B. Organizational policies C. Independent estimates. D. A screening system. Answer: B QUESTION NO: 658 Which of the following statements regarding configuration management system is least true? "Pass Any Exam. Any Time." - www.actualtests.com 216 PMI PMI-002: Practice Exam A. Configuration management systems establish a method to consistently identify and request changes to established baselines. B. Configuration management systems provide mechanisms to communicate changes to all stakeholders. C. Configuration management systems provide mechanisms to manage risk and implement risk response activities. D. Configuration management systems provide opportunities to improve project by considering impact of changes. Answer: C QUESTION NO: 659 .co m You are the project manager for a new construction project in your city. Your personal friend is bidding on the project. Your friend has asked you to give them an indication of the budget for this project so that they do not overbid and lose the deal. What is the most appropriate response? Answer: B tua lTe sts A. Give the information to your friend B. Tell your friend that after all this time, they should know you better than to think you had put your personal integrity on the line or compromise your job because of a conflict of interest. Decline to give them the information. C. Tell your friend you will give them the information if they will promise not to tell anyone and if they will agree to help you with some materials on your other project. D. Give the information to your friend and inform the project sponsor so that the information can be shared with the other bidders as well Ac Explanation: This situation is clearly a conflict of interest and should be avoided. Decline to provide your friend this information. QUESTION NO: 660 The stakeholder's influence is greatest at the ______ of the project. A. beginning B. closing C. controlling D. none Answer: A "Pass Any Exam. Any Time." - www.actualtests.com 217 PMI PMI-002: Practice Exam Explanation: Stakeholder influence is greatest at the beginning of the project QUESTION NO: 661 All of the statements regarding control accounts and planning packages are true EXCEPT: m A. Control accounts and planning packages are tools and techniques of Develop Schedule process. B. A control account is an assigned WBS level used to monitor cost and schedule performance of significant element of work. C) O Planning packages reflect a future segment of work within a control account that has not yet been decomposed into detailed work packages. D. As work becomes more clearly defined, planning packages are converted into work packages. .co Answer: A sts QUESTION NO: 662 tua Answer: C Ac A. Dependency diagramming B. PERT C. Critical Path D. Grant chart lTe Which of the following methods is a technique used to predict project duration by analyzing which sequence of activities has the least amount of scheduling flexibility? QUESTION NO: 663 What are the five project management process groups. Choose in order? A. Initiating, Planning, Monitoring and Controlling, Executing, and Closing B. Initiating, Executing, Planning, Monitoring and Controlling, and Closing C. Initiating, Monitoring and Controlling, Planning, Executing, and Closing D. Initiating, Planning, Monitoring and Controlling, Executing, and Closing Answer: A Explanation: "Pass Any Exam. Any Time." - www.actualtests.com 218 PMI PMI-002: Practice Exam Remember IPECC (Initiating, Planning, Executing, Monitoring and Controlling, and Closing). QUESTION NO: 664 Resource leveling will generally: A. Increase total costs for the project. B. Push out the end date of the project. C. Require fewer resources. D. Require more resources. m Answer: B QUESTION NO: 665 lTe sts A. Studying scatter diagrams. B. Increasing the number of quality inspectors. C. Improving the overall system of production. D. Identifying patterns of variance. .co Random variance in a process, as measured by the standard deviation can be directly reduced by: QUESTION NO: 666 tua Answer: C Ac A primary function of the change control board is to: A. Review the impact of change request. B. Issue change requests. C. Identify new areas of project work. D. None Answer: A QUESTION NO: 667 The cost effective rule for shortening a project is to crash the: A. Critical tasks- "Pass Any Exam. Any Time." - www.actualtests.com 219 PMI PMI-002: Practice Exam B. Non-critical tasks. C. Tasks with lowest cost. D. Tasks with highest cost. Answer: A QUESTION NO: 668 Developing alternative activity sequences is an example of: m A. Polling wave. B. Risk aversion. C. Rework. D. Contingency planning. .co Answer: D sts QUESTION NO: 669 Which of the following are not essential for project close out ? QUESTION NO: 670 Ac Answer: D tua lTe A. Documenting formal acceptance of the product. B. Documenting the lessons learne C. D. Documenting the final project scope What is the key difference between a contract close-out and an administrative closure? A. Contract close-out formalizes project completion. B. Contract close-out includes updating records with final results. C. Administrative closure includes procurement audits. D. Contract close-out includes product verification. Answer: D QUESTION NO: 671 "Pass Any Exam. Any Time." - www.actualtests.com 220 PMI PMI-002: Practice Exam Your selection committee is debating between two projects. Project A has a payback period of 20 months. Project B has a cost of $150,000, with expected cash inflows of $50,000 the first year and $25,000 per quarter after that. Which project should you recommend? A. Either Project A or Project B, because the payback periods are equal B. Project A, because Project B's payback period is 24 months C. Project A, because Project B's payback period is 20 months D. Project A, because Project B's payback period is 21 months Answer: B m Explanation: Project B has a payback period of 24 months; $50,000 is received in the first 12 months, with another $100,000 coming in over next 12 months. .co QUESTION NO: 672 Ishikawa diagrams are used in which of the following processes? lTe sts A. Perform quality control B. Create WBS C. Develop Schedule D. Plan Risk Management Ac QUESTION NO: 673 tua Answer: A Which of the following scheduling techniques incorporates a form of risk assessment? A. Arrow Diagramming Method (ADM) B. Program evaluation and Review Technique (PERT) C. Precedence Diagramming Method (PDM) D. Critical Path Method (CPM) Answer: B Explanation: PERT : An event-oriented network analysis technique used to estimate project duration when there is a high degree of uncertainty with the individual activity duration estimates "Pass Any Exam. Any Time." - www.actualtests.com 221 PMI PMI-002: Practice Exam QUESTION NO: 674 To determine the impact of a change that has occurred, which of the following should be taken? A. Re-evaluate the work breakdown structure. B. Assess the communication policy. C. Review the earned value D. Performance measurement Answer: D QUESTION NO: 675 m Mathematical models using linear, dynamic, integer, or algorithm models are considered sts .co A. Project selection methods B. Project selection criteria C. A form of expert judgment D. A form of historical information Answer: A QUESTION NO: 676 tua lTe Explanation: Mathematical models are one of the methods described in the project selection methods tool and technique of the Develop Project Charter process Ac You are a project manager with several years of experience in project management. You have just accepted your first project in a foreign country. You have been in the country a week or two and are experiencing some disorientation. This is known as which of the following? A. Collocation B. Diversity shock C. Global culturing D. Culture shock Answer: D Explanation: Culture shock is the disoriented feeling that people might experience when working in a foreign country. "Pass Any Exam. Any Time." - www.actualtests.com 222 PMI PMI-002: Practice Exam QUESTION NO: 677 Which of the following is required for Control Scope? A. Risk mitigation B. Charter update C. Verify Scope D. Cost-benefit analysis Answer: C QUESTION NO: 678 m A response to a risk event that was not defined in advance of is occurrence is called a: sts .co A. Risk mitigation response. B. Workaround response. C. Corrective action response. D. Contingency response. lTe Answer: B QUESTION NO: 679 tua As a project manager, you know that the most important activity to ensure customer and stakeholder satisfaction is which of the following? Ac A. Documenting and meeting the requirements B. Reporting project status regularly and in a timely manner C. Documenting and meeting the performance measurements D. Reporting changes and updating the project plan and other project documents where appropriate Answer: A Explanation: Documenting the requirements and meeting them is one of the key things you can do to ensure customer satisfaction QUESTION NO: 680 Which of the following is needed to develop a detailed project cost estimate? "Pass Any Exam. Any Time." - www.actualtests.com 223 PMI PMI-002: Practice Exam A. Management plan B. Resource requirements C. Project character D. Cost Plan Answer: B QUESTION NO: 681 What is one of the advantages of a functional organization? m A. All employees report to two or more managers B. The organization is focused on projects. C. Teams are co located. D. All employees report to one manager and have a clear chain of command. .co Answer: D lTe sts Explanation: An organization structure in which staff are grouped hierarchically by specialty. Advantages for employees in a functional organization are that they have only one supervisor and a clear chain of command exists. tua QUESTION NO: 682 A. Customers B. Project team C. Project Sponsor D. Stakeholders Ac Who creates the the Lessons Learned document? Answer: B Explanation: The project team contributes to the Lessons Learned document. QUESTION NO: 683 Project management is a preferred management approach EXCEPT for: A. Product manufacturing environment. "Pass Any Exam. Any Time." - www.actualtests.com 224 PMI PMI-002: Practice Exam B. Cross functional tasks. C. Unique operations. D. Time-constrained deliverables. Answer: A QUESTION NO: 684 The Sales VP approaches you to change the visitor logon screen on the company's website to include a user name with at least eight characters. This is considered m A. project initiation B. a Project C. ongoing operations D. project execution .co Answer: C sts Explanation: A minor change has been requested, indicating this is an ongoing operation function. lTe QUESTION NO: 685 tua Fast tracking involves: Answer: B Ac A. Developing workarounds for previous problems. B. An increase in project risk. C. Getting people to work longer with overtime. D. Meeting schedule objectives by adding resources. Explanation: Fast Tracking: Doing activities in parallel that would normally be done in sequence ( eg . starting to write code on a software project before the design is complete). Fat tracking often results in rework and usually increases risk. QUESTION NO: 686 The work breakdown structure: A. Is used to break down the project Into manageable pieces "Pass Any Exam. Any Time." - www.actualtests.com 225 PMI PMI-002: Practice Exam B. Is set and does not change throughout the project C. Is needed as part of the project charter D. None of the above Answer: A Explanation: Work Breakdown Structure (WBS): A deliverable-oriented grouping of project elements which organizes and defines the total scope of the project. It sub divide the major tasks to minor details. QUESTION NO: 687 Which characteristic distinguishes the network diagram from the Gant chart? .co m A. Critical dependencies B. Few resources C. Critical dates D. key milestones sts Answer: A lTe QUESTION NO: 688 Ac tua The customer service VP expresses concern over a project in which you are involved. His specific concern is that if the project is implemented as planned, he will have to purchase additional equipment to staff his customer service center. The cost is substantial and was not taken into consideration in the project budget. The project sponsor insists that the project must go forward as originally planned or the customer will suffer. Which of the following is true? A. The conflict should be resolved in favor of the customer. B. The conflict should be resolved in favor of the project sponsor. C. The conflict should be resolved in favor of the VP of customer service. D. None Answer: A Explanation: Conflicts between stakeholders should always be resolved in favor of the customer. QUESTION NO: 689 "Pass Any Exam. Any Time." - www.actualtests.com 226 PMI PMI-002: Practice Exam _______________ must be measured regularly to identify variance from the plan. A. Project performance B. Stakeholder requirements C. Schedule progress D. Cost and schedule Answer: A Explanation: Variance Analysis: Project performance measurements are used to assess the magnitude of variation. m QUESTION NO: 690 .co The process to change a contract clause is _______ the project change control system. sts A. Not related to B. An input to C. The same as D. Integrated within tua QUESTION NO: 691 lTe Answer: D Ac A project schedule can be presented in various formats. All of the following are valid formats of the project schedule EXCEPT: A. Activity-on-node diagram B. Logic bar chart C. Time-scaled schedule network diagram D. Flow charts Answer: D QUESTION NO: 692 According to the PMBOK guide, the project statement of work(SOW) should contain or reference to all the following elements except ? A. Business need, strategic plan, product scope description "Pass Any Exam. Any Time." - www.actualtests.com 227 PMI PMI-002: Practice Exam B. Requirements, business need, stakeholder expectations C. Strategic plan, product scope description, stakeholder influences, and business need D. Project purpose, business case, stakeholder influences, product scope description Answer: A Explanation: The project SOW should contain the business need for the project and the product scope description and should support the organization's strategic plan. QUESTION NO: 693 A project's scope statements are developed during scope: .co m A. Initiation. B. Verification. C. Planning. D. Definition. sts Answer: C lTe QUESTION NO: 694 Ac A. 10 B. 12 C. 4 D. 5 tua How many communication channels will be required in a project having five individual participants? Answer: A Explanation: No of communication channels : n*(n-1)/2 where n = individual In this case 5*(5-1)/2 = 10 QUESTION NO: 695 If the level of conformance directly increases as a result of new processes, the required cost of monitoring is likely to: A. Stay the same. "Pass Any Exam. Any Time." - www.actualtests.com 228 PMI PMI-002: Practice Exam B. Decrease. C. Be more predictable. D. Increase. Answer: B QUESTION NO: 696 You have been assigned to a project where the objective is to create a new building. You are in charge of the demolition phase of this project, and you report to the project manager in charge of this project. You have been hired on contract and will be released at the completion of the demolition phase. What type of organizational structure you are working for? .co m A. Projectized organization B. Weak matrix organization C. Balanced matrix organization D. Functional organization sts Answer: A QUESTION NO: 697 tua lTe Explanation: Projectized organizations are focused on the project itself. One issue with this type of structure is determining what to do with project team members when they are not actively involved on the project. One alternative is to release them when they are no longer needed for the project. Ac As a project manager, you know that the most important activity to ensure customer and stakeholder satisfaction is which of the following? A. Documenting and meeting the requirements B. Reporting project status regularly and in a timely manner C. Documenting and meeting the performance measurements D. Reporting changes and updating the project plan and other project documents where appropriate Answer: A Explanation: Documenting the requirements and meeting them is one of the key things you can do to ensure customer satisfaction "Pass Any Exam. Any Time." - www.actualtests.com 229 PMI PMI-002: Practice Exam QUESTION NO: 698 Which of the following is true regarding IRR? A. IRR is a constrained optimization method. B. IRR assumes reinvestment at the cost of capital. C. IRR is the discount rate when NPV is greater than zero. D. IRR is the discount rate when NPV is equal to zero. Answer: D Explanation: IRR assumes reinvestment at the IRR rate and is the discount rate when NPV is equal to zero. m QUESTION NO: 699 .co Which of the following conflict resolution approaches is likely to lead to the MOST long-lasting solutions? lTe sts A. Negotiating B. Smoothing C. Problem solving D. Compromising tua Answer: C QUESTION NO: 700 A. Collect Requirements B. Define Scope C. Verify Scope D. Control Scope Ac A project Control Scope system is documented during the ______ process. Answer: B Explanation: A project scope management plan should document the Control Scope system QUESTION NO: 701 "Pass Any Exam. Any Time." - www.actualtests.com 230 PMI PMI-002: Practice Exam A project scope management plan should document the Control Scope system A. Customer acceptance. B. Completion of execution. C. Product completion. D. Completion of each project phase. Answer: D QUESTION NO: 702 After preparing a probability distribution of cost outcomes for a project, the estimate with a 20% probability of being exceeded is approximately one standard deviation: .co m A. Below the mean. B. Above the mean. C. Below the median. D. Above the median. sts Answer: B lTe QUESTION NO: 703 Answer: A Ac A. The buyer B. The contractor C. The Project sponsor D. The Project manager tua When a project is being performed under contract, who provides SOW ? Explanation: The buyer provides SOW when projects are performed under contract. QUESTION NO: 704 Activity duration estimates include all of the following EXCEPT for: A. Project team knowledge. B. Time studies. C. Information from previous experience. "Pass Any Exam. Any Time." - www.actualtests.com 231 PMI PMI-002: Practice Exam D. Commercial duration databases. Answer: B QUESTION NO: 705 Integrity in the project management field is accomplished through all of the following except: A. Adhering to an ethical code B. Applying established project management processes C. Following the CAPM Code of Professional Conduct D. Training to learn how to manage relationships with others from different cultures m Answer: D sts .co Explanation: Diversity training is used to help you manage project teams that consist of people from other countries or cultures. Integrity is accomplished by following an ethical code and applying project management practices. lTe QUESTION NO: 706 Communication between the project manager and the project team members should take place: Answer: C Ac tua A. Via daily status report. B. Through approved documented forms. C. By written and oral communication. D. Through the formal chain of comman QUESTION NO: 707 You are the project manager for Tech Days Seminar Homes. Your new project assignment is to head the Days Seminar Home opening in Mountainview, CA. You are estimating the duration of the project plan activities, devising the project schedule, and monitoring and controlling deviations from the schedule. Which of the Project Management Knowledge Areas are you working in? A. Project Scope Management B. Project Quality Management C. Project Integration Management "Pass Any Exam. Any Time." - www.actualtests.com 232 PMI PMI-002: Practice Exam D. Project Time Management Answer: D Explanation: Project Time Management involves the following processes: Define Activities, Activity Sequencing, Estimate Activity Durations, Develop Schedule, and Control Schedule. QUESTION NO: 708 Estimate At Completion (EAC) is a periodic evaluation of total: .co m A. Forecasted project cost. B. Cost of the unfinished work. C. Resources projected at project complain D. Value of work performed to date. sts Answer: A QUESTION NO: 709 Ac Answer: A tua A. Throughout the project. B. During planning. C. During initiation. D. None lTe The development of a cohesive project team occurs: QUESTION NO: 710 Which process involves monitoring, measuring, and taking corrective action? A. Executing processes B. Planning processes C. Controlling Processes D. Closing processes Answer: C Explanation: "Pass Any Exam. Any Time." - www.actualtests.com 233 PMI PMI-002: Practice Exam Planning Processes :Approach to executing project. Executing processes :Coordinating people and other resources. Controlling Processes :Monitoring , measuring, and taking corrective action. Closing processes : Formal product acceptance and end of project. QUESTION NO: 711 You are in the process of numerically analyzing the effects of identified risks. Which of the following are NOT tools or techniques you can use in the process? A. Sensitivity analysis B. Reserve analysis C. Expected monetary value analysis D. Modeling and simulation QUESTION NO: 712 sts Control Costs includes all of the following EXCEPT: .co m Answer: B QUESTION NO: 713 Ac Answer: D tua lTe A. Informing stakeholders of changes. B. Recording appropriate changes to the cost baseline. C. Monitoring cost performance. D. Preparing cost estimates. You are a project manager for your organization. Management has asked you to help them determine which projects should be selected for implementation. In a project selection model, which one of the following is the most important factor? A. Business needs B. Type of constraints C. Budget D. Schedule Answer: A Explanation: "Pass Any Exam. Any Time." - www.actualtests.com 234 PMI PMI-002: Practice Exam Projects are selected based on business needs. QUESTION NO: 714 The peak point of Maslow's hierarchy is called: A. Survival. B. Safety. C. Physiological satisfaction. D. Self-actualization. m Answer: D QUESTION NO: 715 .co As a CAPM, you will be required to comply with the CAPM Code of Professional Conduct. This code refers to all of the following except which one? lTe sts A. Reporting conflicts of interest B. Complying with the stakeholder requirements C. Reporting experience and CAPM status truthfully D. Complying with the rules and standards of foreign countries tua Answer: B QUESTION NO: 716 Ac Explanation: Stakeholder requirements are needed to determine whether the project is successful and are not a part of the professional code. Which of the following describes a group of elated schedule activities aggregated at some summary level, displayed reported as a single activity at summary level? A. Work activity B. Control account C. Planning package D. Hammock activity Answer: D Explanation: "Pass Any Exam. Any Time." - www.actualtests.com 235 PMI PMI-002: Practice Exam Hammock activity, PMBOK Page no 157. QUESTION NO: 717 You are project manager of a project. A scope change requested by a client after acceptance of the design has a potential impact on several components of the project. What do you do? A. Convince the client to postpone the change. B. Estimate the impact to the cost and schedule and the approval before proceeding. C. Make the change if it is critical, regardless of its cost and impact, and in form the change control boar m Answer: B .co QUESTION NO: 718 sts You are a project manager for a manufacturing firm . You discover a design error during a test production run on your latest project. Which of the following is the most likely response to this problem? tua lTe A. Reduce the technical requirements so that the error Is no longer valid. B. Go forward with production, and ignore the error. C. Go forward with production, but inform the customer of the problem. D. Develop alternative solutions to address the error. Answer: D Ac Explanation: Best answer to this problem is to develop alternative solutions to address the design error. Reducing technical requirements might be an alternative solution, but it is not one you had implement without looking at all the alternatives. Ignoring the error and going forward with production will result in an unsatisfactory product for the customer. QUESTION NO: 719 You are project manager and working on gathering requirements and estimating for the project. Which process group are you in? A. Planning B. Monitoring and Controlling C. Executing "Pass Any Exam. Any Time." - www.actualtests.com 236 PMI PMI-002: Practice Exam D. Initiating Answer: A Explanation: In the Planning process requirements are fleshed out, stakeholders are identified, and estimates on project costs and time are made. QUESTION NO: 720 A project is considered successful when .co m A. the project meets or exceeds the expectations of the stakeholders B. the product of the project has been manufactured C. the project sponsor announces the completion of the project D. None Answer: A lTe sts Explanation: A project is considered successful when stakeholder needs and expectations are met or exceeded. tua QUESTION NO: 721 A. Top-down B. Bottom-up C. Budget D. Appropriations Ac Which of the following estimates MOST accurately reflects the actual cost of the project? Answer: B Explanation: Bottom-up estimating : Estimating the cost of individual work items and then rolling up the costs to arrive at a project total - more accurate QUESTION NO: 722 In the arrow diagramming method, which of the following requires an expenditure of the resources? "Pass Any Exam. Any Time." - www.actualtests.com 237 PMI PMI-002: Practice Exam A. Histograms B. Milestone events C. Path activities D. Accounting support costs. Answer: D QUESTION NO: 723 You are project manager of a project. A customer requests a scope change in the project . In order to determine the impact of the requested change, you will need a work breakdown structure, change request, scope management plan, and: .co m A. Performance reports. B. A responsibility matrix. C. A Pareto diagram D. A Monte Carlo simulation. sts Answer: A lTe QUESTION NO: 724 tua As a project manager, you know that the most important activity to ensure customer and stakeholder satisfaction is which of the following? Ac A. Documenting and meeting the requirements B. Reporting project status regularly and in a timely manner C. Documenting and meeting the performance measurements D. Reporting changes and updating the project plan and other project documents where appropriate Answer: A Explanation: Documenting the requirements and meeting them is one of the key things you can do to ensure customer satisfaction QUESTION NO: 725 Which of the following are not the tools and techniques for source selection? "Pass Any Exam. Any Time." - www.actualtests.com 238 PMI PMI-002: Practice Exam A. a weighting system. B. Organizational policies C. Independent estimates. D. A screening system. Answer: B QUESTION NO: 726 ___________ is a group of processes required to purchase or acquire products, services, or results needed outside the project team to perform the work. .co m A. Procurement Management B. Planning Management C. Scope Management D. Control Management Answer: A lTe sts Explanation: Procurement Management is a groups of processes required to to purchase or acquire the products, services, or results needed outside the project team to perform the work. tua QUESTION NO: 727 A. Customers B. Project team C. Project Sponsor D. Stakeholders Ac On any project, who creates the Lessons Learned document? Answer: B Explanation: The project team contributes to the Lessons Learned document. QUESTION NO: 728 Duration estimates indicate: A. How many work periods an activity is expected to last. "Pass Any Exam. Any Time." - www.actualtests.com 239 PMI PMI-002: Practice Exam B. How many hours a resource will work on an activity. C. When an activity is likely to finish. D. When an activity is likely to start. Answer: A QUESTION NO: 729 Which of the following are inputs of the Develop Project Charter process? m A. Project statement of work, Contract, Business case and organizational process assets B. Project SOW, project selection methods, and enterprise environmental factors C. Contract, project selection methods, enterprise environmental factors, and organizational process assets D. Contract, project SOW, enterprise environmental factors, and organizational process assets .co Answer: A lTe sts Explanation: Inputs to the Develop Project Charter process are Project statement of work, Contract, Business case and organizational process assets. QUESTION NO: 730 Ac tua You are the project manager of a large construction project. The project objective is to construct a set of buildings in the city within 18 months from the project start date. Resources are not readily available because they are currently assigned to other projects. Nick, an expert crane operator, is needed for this project two months from today. Which of the following skills will you use to get Nick assigned to your project? A. Negotiation and influencing skills B. Communication and organizational skills C. Problem solving skills D. Communication skills Answer: A Explanation: Negotiation and influencing skills are needed to convince Nick's boss and come to agreement concerning his assignment. "Pass Any Exam. Any Time." - www.actualtests.com 240 PMI PMI-002: Practice Exam QUESTION NO: 731 You have a piece of equipment that was purchased for your ptoject recently for $5,000 and is expected to last 5 years in production. At the end of the five years the expected worth of the equipment is $2,000. Using straight-line deprecation, what is the amount that can be written off each year? A. $600 B. $1200 C. $3000 D. Zero Answer: C .co m Explanation: The straight-line depreciation takes the purchase value of the item, minus the salvage price of the item, divided by the number of time periods. Calculation is (5000-2000)/5 = $600 sts QUESTION NO: 732 Which of the following statements are FALSE about cost reimbursable contracts? Answer: C Ac tua lTe A. cost-reimbursable contracts generally carry the highest risks to the buyer, as the total costs are uncertain B. cost-reimbursable contracts often includes incentives for meeting or exceeding project objectives C. cost-reimbursable contracts resemble fix unit agreements when the unit rates are preset by the buyer and seller D. cost-reimbursable contracts are contracts that involves payments to the seller for actual costs, plus a fee representing the sellers profit QUESTION NO: 733 A forward and backward pass indicted total float is equal to - 30 days. This indicates that: A. The critical path must be evaluated to determine actual slack time. B. The project is estimated to be-20 days ahead of schedule. C. Two branches converge on a node. D. Duration compression may be required to meet the original project scope. "Pass Any Exam. Any Time." - www.actualtests.com 241 PMI PMI-002: Practice Exam Answer: D QUESTION NO: 734 What techniques are used to control the project schedule? A. Pareto diagram B. Performance measurement C. Parametric modeling D. Statistical sampling m Answer: B QUESTION NO: 735 sts lTe A. Communication and Integration skills. B. Specific technical specialization. C. Financial management experience. D. Industry and business experience. .co The MOST important selection criterion to select a project manager for a large project in a technical industry is: tua Answer: A Ac QUESTION NO: 736 Which of the following describes tool/ technique where expenditure of funds is reconciled with the funding limits imposed by the performing organization? A. Forecasting B. Cost reconciliation C. Funding limit reconciliation D. Reserve reconciliation Answer: C QUESTION NO: 737 18 You are the project manager of a software company. As software development can be very chaotic, your company has decided to follow a more rigorous approach to software development. "Pass Any Exam. Any Time." - www.actualtests.com 242 PMI PMI-002: Practice Exam Specifically your company has chosen to adopt the extreme programming XP methodology for your current software project. The XP methodology is highly iterative, and produces numerous deliverables include UML diagrams, architecture diagrams, prototypes and test-cases. Assume you are in the Sequence Activities phase of the project. Which of the following sequencing methods should you use to identify the logical relationships between tasks, so that the activities can be sequenced correctly? A. ADM B. PDM C. GEPT D. A0A m Answer: C .co QUESTION NO: 738 You are the project manager and have just completed the Collect Requirements and Define Scope process. What should you do next? lTe sts A. Create WBS B. Verify Scope C. Value analysis D. Control Scope tua Answer: A QUESTION NO: 739 Ac Explanation: Create the WBS is the process that follows Collect Requirements and Define Scope. A project is considered successful when: A. The project meets or exceeds the expectations of the stakeholders. B. The product of the project has been manufactured. C. The project sponsor announces the completion of the project. D. None of the above Answer: A Explanation: A project is considered successful when stakeholder needs and expectations are met or exceeded. "Pass Any Exam. Any Time." - www.actualtests.com 243 PMI PMI-002: Practice Exam QUESTION NO: 740 The level of authority a project manager has is __________. A. based on the organizational structure B. based on the amount of authority the manager of the project manager possesses C. based on the key stakeholder's influence on the project D. based on the project managers communication skills Answer: A m Explanation: The level of authority the project manager has is determined by the organizational structure. .co QUESTION NO: 741 sts With respect to earned value analysis, which of the following is the value of work actually completed? QUESTION NO: 742 tua Ac Answer: D lTe A. Actual Cost (AC) B. planed Value (PV) C. Cost Variance (CV) D. Earned Value (EV) As a project manager, you know that the most important activity to ensure customer and stakeholder satisfaction is: A. Documenting and meeting the requirements B. Reporting project status regularly and in a timely manner C. Documenting and meeting the performance measurements D. Reporting changes and updating the project plan and other project documents where appropriate Answer: A Explanation: Documenting the requirements and meeting them is one of the key things you can do to ensure customer satisfaction "Pass Any Exam. Any Time." - www.actualtests.com 244 PMI PMI-002: Practice Exam QUESTION NO: 743 During ___________ project management process, stakeholder's ability to influence project results is high? A. Initiating B. Planning C. Monitoring and Controlling D. Executing Answer: A .co m Explanation: The Initiating process is where stakeholders have the greatest ability to influence outcomes of the project. Risk is highest during this stage because of the high degree of unknown factors. sts QUESTION NO: 744 Which process involves coordinating people and other resources to carry out a plan? tua lTe A. Executing processes B. Planning processes C. Controlling Processes D. Closing processes Answer: A Ac Explanation: Planning Processes :Approach to executing project. Executing processes :Coordinating people and other resources. Controlling Processes :Monitoring , measuring, and taking corrective action. Closing processes : Formal product acceptance and end of project. QUESTION NO: 745 Which of the following are not indirect costs? A. Payroll tax cost. B. Subcontract costs. C. Insurance costs. D. Accounting support costs. "Pass Any Exam. Any Time." - www.actualtests.com 245 PMI PMI-002: Practice Exam Answer: B QUESTION NO: 746 Which of the following is true about a project charter? A. A project charter should be published under the name of a manager external to the project. B. A project charter should be published under the project sponsor's name. C. A project charter should be published under the name of the project manager. D. A project charter should be published under the name of the project champion. Answer: A .co m Explanation: According to the PMBOK Guide, a project charter should be published by a manager external to the project but with sufficient power and authority to carry it off. sts QUESTION NO: 747 lTe As a project manager, you know that the most important activity to ensure customer and stakeholder satisfaction is which of the following? Answer: A Ac tua A. Documenting and meeting the requirements B. Reporting project status regularly and in a timely manner C. Documenting and meeting the performance measurements D. Reporting changes and updating the project plan and other project documents where appropriate Explanation: Documenting the requirements and meeting them is one of the key things you can do to ensure customer satisfaction QUESTION NO: 748 23 Reverse analysis is a tool or technique in all of the following processes EXCEPT: A. Monitor and Control Risks B. Activity resource estimation C. Cost estimation "Pass Any Exam. Any Time." - www.actualtests.com 246 PMI PMI-002: Practice Exam D. Determine Budget Answer: B QUESTION NO: 749 The quality management plan includes all of the following EXCEPT quality: A. Planning B. Definitions C. Assurance D. Control m Answer: B .co QUESTION NO: 750 lTe Ac Answer: C tua A. Communication plan variance B. Resource management plan C. Critical path status D. Risk analysis sts You are project manager and the monthly report to the client showed zero schedule variance. However, member of the team know that a milestone has been missed which will cause an overall delay to the project. Which one of the following is being inadequately reported? "Pass Any Exam. Any Time." - www.actualtests.com 247
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