Podcast
Questions and Answers
Which of the following is an advantage of centralized contracting?
Which of the following is an advantage of centralized contracting?
- It makes it easier to find vendors for projects.
- It allows a single contracts person to work on a single project exclusively.
- It fosters greater loyalty from vendors to specific projects.
- It increases the company's overall expertise in contracting processes. (correct)
According to the PMBOK 5th Edition, in which risk management process(es) are risks identified?
According to the PMBOK 5th Edition, in which risk management process(es) are risks identified?
- Identify Risks and Control Risks
- Perform Qualitative Risk Analysis and Control Risks
- Identify Risks (correct)
- Perform Quantitative Risk Analysis and Identify Risks
According to Maslow's hierarchy of needs, which level represents the highest point of self-actualization?
According to Maslow's hierarchy of needs, which level represents the highest point of self-actualization?
- Self-actualization (correct)
- Physiological satisfaction
- Attainment of survival
- Esteem
Who is ultimately responsible for quality management on a project?
Who is ultimately responsible for quality management on a project?
What is the purpose of the sample questions provided in the text?
What is the purpose of the sample questions provided in the text?
What is recommended regarding the answers provided for the sample questions?
What is recommended regarding the answers provided for the sample questions?
What is the best description of a heuristic in the context of estimation?
What is the best description of a heuristic in the context of estimation?
If the earned value (EV) is 350, the actual cost (AC) is 400, and the planned value (PV) is 325, what is the cost variance (CV)?
If the earned value (EV) is 350, the actual cost (AC) is 400, and the planned value (PV) is 325, what is the cost variance (CV)?
When a project manager is first assigned to a new project and has received the preliminary project scope statement and the project charter, what should be the first action?
When a project manager is first assigned to a new project and has received the preliminary project scope statement and the project charter, what should be the first action?
If the project manager is making sure that the product of the project has been completed according to the project management plan, which part of the project management process is being addressed?
If the project manager is making sure that the product of the project has been completed according to the project management plan, which part of the project management process is being addressed?
If six individuals have signed the project charter, which of the following should most concern the project manager?
If six individuals have signed the project charter, which of the following should most concern the project manager?
Given that the WBS and WBS dictionary are completed, risks are being identified, the sponsor has requested the responsibility assignment matrix, and the project has a $100,000 budget with low risk, what should be the next step?
Given that the WBS and WBS dictionary are completed, risks are being identified, the sponsor has requested the responsibility assignment matrix, and the project has a $100,000 budget with low risk, what should be the next step?
Study Notes
PMP Sample Questions
- Centralized contracting has the advantage of increasing company expertise in contracting.
- Risks are identified during the "Identify Risks" process.
Risk Management
- Risks are identified during the "Identify Risks" process, not during "Perform Quantitative Risk Analysis" or "Control Risks".
Maslow's Hierarchy of Needs
- The highest point of Maslow's hierarchy of needs is self-actualization.
Quality Management
- The project manager is ultimately responsible for quality management on the project.
Estimation
- A heuristic is a rule of thumb in the context of estimation.
Earned Value Management
- Cost variance (CV) is calculated as CV = EV - AC, where EV is earned value, AC is actual cost, and PV is planned value.
Project Management Planning
- The first thing a project manager must do after being assigned to a new project is to begin work on a project management plan.
- The project manager must analyze the project scope statement and project charter before starting the project management plan.
Project Sponsorship
- Having multiple project sponsors (six individuals signing the project charter) should be a concern for the project manager.
Project Management Process
- The project manager is in the "Closing" process group when ensuring that the product of the project has been completed according to the project management plan.
Work Breakdown Structure (WBS)
- The WBS and WBS dictionary should be completed before identifying risks.
Risk Management (continued)
- Risk tolerances are determined to help the team rank the project risks.
- The project manager should complete risk management before issuing the responsibility assignment matrix.
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Description
Test your knowledge with 200 objective type sample questions based on the Project Management Body of Knowledge (PMBOK) 5th Edition. This quiz provides a glimpse of the type of questions that may appear in the PMP Certification Exam, with answers provided for self-assessment.
