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Questions and Answers

What could have been done to avoid the issue of not having the expertise or time to complete a deliverable?

  • Create a scope management plan
  • Create a risk management plan
  • Create a human resource management plan
  • Create a procurement management plan (correct)

    • At which stage of the project should factors like the unavailability of human resources be considered?

  • Execution
  • Initiation
  • Monitoring and Controlling
  • Planning (correct)

    • What is the primary benefit of using virtual teams in the Acquire Project Team process?

  • Reducing the possibility of communication misunderstandings
  • Reducing cultural differences of team members
  • Reducing the costs associated with travel (correct)
  • Reducing the costs associated with technology

    • What is an input to the Sequence Activities process from the Planning Process Group?

    <p>Milestone list</p> Signup and view all the answers

    Which process identifies whether the needs of a project can best be met by acquiring products, services, or results outside of the organization?

    <p>Plan Procurement</p> Signup and view all the answers

    What is a component of the risk management plan?

    <p>Definitions of probability and impact</p> Signup and view all the answers

    What is the purpose of the risk management plan?

    <p>To identify and mitigate risks</p> Signup and view all the answers

    What is the benefit of having a procurement management plan?

    <p>To acquire the necessary resources and expertise</p> Signup and view all the answers

    Which activity is an example of contract administration?

    <p>Authorizing contractor work</p> Signup and view all the answers

    In the Plan Stakeholder Management process, expert judgment is used to:

    <p>Decide the level of engagement of the stakeholders at each required stage</p> Signup and view all the answers

    What is the risk rating if the probability of occurrence is 0.30 and the impact if it does occur is moderate (0.20)?

    <p>0.06</p> Signup and view all the answers

    At which phase is the rough order of magnitude (ROM) estimate in the range of +/- 50%?

    <p>Initiation phase</p> Signup and view all the answers

    What is the purpose of contract administration?

    <p>To manage the contractual relationship with vendors</p> Signup and view all the answers

    In which process is expert judgment used to analyze the information needed to develop the project scope statement?

    <p>Collect Requirements</p> Signup and view all the answers

    What is the purpose of negotiating the contract?

    <p>To reach a mutually acceptable agreement with the vendor</p> Signup and view all the answers

    What is the primary output of the Plan Stakeholder Management process?

    <p>Stakeholder Management Plan</p> Signup and view all the answers

    What are the outputs of the Monitor and Control Project Work process?

    <p>Requested changes, forecasts, recommended corrective actions</p> Signup and view all the answers

    What event would result in a baseline update?

    <p>A customer has approved a change request broadening the project scope and increasing the budget</p> Signup and view all the answers

    What process generates outputs including forecasts, requested changes, and recommended corrective actions?

    <p>Risk monitoring and control</p> Signup and view all the answers

    What type of estimating produces higher levels of accuracy depending on the sophistication and underlying data built into the model?

    <p>Parametric</p> Signup and view all the answers

    What is the primary purpose of the Monitor and Control Project Work process?

    <p>To track and measure project progress against the project management plan</p> Signup and view all the answers

    What is the output of the Monitor and Control Project Work process that is used to request changes to the project scope or schedule?

    <p>Requested changes</p> Signup and view all the answers

    What is the term for the process of tracking and measuring project progress against the project management plan?

    <p>Controlling</p> Signup and view all the answers

    What is the purpose of the forecasts output in the Monitor and Control Project Work process?

    <p>To predict future project performance</p> Signup and view all the answers

    In which process is the project charter an input?

    <p>Develop Project Management Plan</p> Signup and view all the answers

    What is compared to actual results to determine if corrective action is required for the project?

    <p>Scope baseline</p> Signup and view all the answers

    What type of project structure is a hierarchically organized depiction of the resources by type?

    <p>Resource breakdown structure (RBS)</p> Signup and view all the answers

    In which Project Management Process Group is the project charter developed?

    <p>Initiating</p> Signup and view all the answers

    What is an output of the Develop Project Team process?

    <p>Team performance assessments</p> Signup and view all the answers

    Identify Risks is part of which Process Group?

    <p>Planning</p> Signup and view all the answers

    Why do milestones have zero duration in project planning?

    <p>They represent a moment in time such as a significant project point or event.</p> Signup and view all the answers

    What is an input to the Develop Project Management Plan process?

    <p>Project charter</p> Signup and view all the answers

    What is a complete set of indexed contract documentation, including the closed contract?

    <p>Procurement file</p> Signup and view all the answers

    What is the name of the website that provides PMP question and answers?

    <p>Certleader.com</p> Signup and view all the answers

    How many questions and answers are shared by Certleader?

    <p>918</p> Signup and view all the answers

    What is the guarantee period for a money-back guarantee?

    <p>90 days</p> Signup and view all the answers

    How long is the free update period?

    <p>1 year</p> Signup and view all the answers

    What type of support is provided?

    <p>24x7 online support</p> Signup and view all the answers

    How many customers does the company currently serve?

    <p>30,000,000</p> Signup and view all the answers

    What protects all transactions?

    <p>VeriSign</p> Signup and view all the answers

    Study Notes

    Project Management Professional (PMP) Exam Questions

    • 918 Q&As shared by Certleader

    Topic 1: Project Management Fundamentals

    • Contract administration involves authorizing contractor work
    • In the Plan Stakeholder Management process, expert judgment is used to decide the level of engagement of stakeholders at each required stage
    • Risk rating is calculated by multiplying the probability of occurrence and the impact
    • Rough order of magnitude (ROM) estimates are in the range of +/- 50% during the Initiation phase
    • The project charter is an input to the Develop Project Management Plan process
    • The scope baseline is compared to actual results to determine if corrective action is required
    • A resource breakdown structure (RBS) is a hierarchically organized depiction of resources by type
    • The project charter is developed in the Initiating Process Group
    • An output of the Develop Project Team process is team performance assessments
    • Identify Risks is part of the Planning Process Group
    • Milestones in project planning have zero duration and represent a moment in time

    Topic 2: Project Planning and Execution

    • A project team may need to create a procurement management plan to produce a deliverable on time
    • Factors such as unavailability of human resources due to constraint should be considered during the Planning phase
    • Definitions of probability and impact, revised stakeholder tolerances, and tracking are components of the risk management plan
    • Virtual teams can reduce the costs associated with travel
    • The milestone list is an input to the Sequence Activities process
    • The Make-or-Buy decision identifies whether the needs of a project can best be met by acquiring products, services, or results outside of the organization

    Topic 4: Monitoring and Controlling Project Work

    • Requested changes, forecasts, recommended corrective actions are outputs of the Monitor and Control Project Work process
    • A baseline update is required when a customer has approved a change request broadening the project scope and increasing the budget
    • Forecasts, requested changes, recommended corrective actions, and organizational process asset updates are outputs of the Risk Monitoring and Control process
    • Parametric estimating can produce higher levels of accuracy, depending upon the sophistication and underlying data built into the model
    • A Work Breakdown Structure (WBS) is a hierarchical decomposition of the project into smaller components

    Topic 5: Procurement Management

    • A procurement file is a complete set of indexed contract documentation, including the closed contract

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