PMP Certification: Project Management Body of Knowledge Quiz

A project manager is planning a project with a complex scope and multiple stakeholders. Which of the following tools and techniques would be MOST helpful in identifying and analyzing stakeholders?

A project manager is developing a resource allocation plan and needs to determine the availability of team members. Which of the following is a tool that can be used to gather this information?

A project manager is identifying and documenting risks on a project. Which of the following is a risk analysis technique that involves evaluating the potential impact of a risk by multiplying the probability of the risk by its potential impact?

A project manager is developing a cost management plan and needs to establish a contingency fund. Which of the following is a method for determining the amount of the contingency fund?

A project manager is planning a project with multiple dependencies between activities. Which of the following is a technique used to identify and analyze these dependencies?

Expected Monetary Value (EMV)

Percent of total budget

Precedence Diagramming Method (PDM)

Stakeholder Analysis

Stakeholder register is a tool that documents information about individual stakeholders, their interests and potential influence on the Project
Stakeholder analysis helps to identify and analyze stakeholders, their expectations, interests, and potential impact on the project.

Resource Availability

Resource calendar is a tool that identifies and shows the availability of project team members.

Risk Analysis

Risk assessment matrix is a method that involves evaluating the potential impact of a risk by multiplying the probability of the risk by its potential impact.
Risk assessment matrix helps project managers prioritize risks based on their likelihood and impact
Risk assessment matrix usually assigns a numerical value to the probability of each risk.

Contingency Fund

Contingency reserve is a sum of money allocated to cover identified risks with a known probability of impacting the project.
Management reserve is a sum of money reserved to cover unforeseen risks that are not identified during the planning phase.

Dependency Analysis

Precedence Diagramming Method is a technique used to identify and analyze the dependencies between activities in a project.
Arrow Diagramming Method is a technique used to determine the sequence of activities and identify dependencies.
Network Diagram is a tool that visually represents the dependencies between activities.