Exam (elaborations) TEST BANK PMP Exam Practice Test 9th Edition Brent Knapp

Exam (elaborations) TEST BANK PMP Exam Practice Test 9th Edition Brent Knapp . . . . . . . . . . . . . . . . . . . . . . . . . . . . PREFACE . . . . . . . . . . . . . . . . . . . . . . . . Dear Reader - ols is excited to have published PMP®: Exam Cram Test Bank, what we believe is the first of its kind in the field or project management. Just as the project Management Institute is committed to establishing measurable standards for certifying project management professional with the PMP® Exam, is happy to help assist professionals with the knowledge needed to meet those standards. This test bank assumes you have at least read the Guide to the Project Management Body of Knowledge (PMBOK®) and the PMP Exam Cram and have some general project management skills. While this book will assist you in preparing for the PMP® Exam, it will not act as substitute to the PMBOK® only a complement. We highly recommend that you obtain the PMBOK® if you do not currently have a copy. Preface PMP® Exam Cram Test Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . COPYRIGHT INFORMATIO . .N . . . . . . . . . . . . . . . . . . . . . . Copyright 2002 . World rights reserved. No part of this publication may be stored in a retrieval system, transmitted, or reporduced in any way, including but not limited to photocopy, photographs, magnetic, or other record, without the prior agreement and written permission of the publisher. The author and publisher have made their best efforts to prepare this book. The author and publisher make no representation or warranties of any kinf with regards to the completeness or accuracy of the contents herein and accept no liability of any kind including but not limited to performance, merchantability, fitness for any particular purpose, or any losses or damages of any kind caused or alleged to be caused directly or indirectly from this book. Trademarks: has attempted throughout this book to distinguish propriety trademarks from descriptive terms by following the capitalization style used by the manufacturer. PMP® Exam Cram Test Bank Sample Test 1 1-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SAMPLE TEST 1 1 1. Project risk is characterized by three factors: _____. A. Severity of impact, duration of impact and cost of impact B. Identification, type of risk category and probability of impact C. Risk event, risk probability and the amount at stake D. Occurrence, frequency and cost 2. 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 3. Which of the following situations describes a violation of the PMP® Professional Code of Conduct? A. Accepting a gift that is within the customary guidelines of the country or province you are currently working in. B. Use of confidential information to advance your position or influence a critical decision. C. Complying with laws and regulations of the state or province in which project management services are provided D. Disclosing information to a customer about a situation that may have an appearance of impropriety. 4. Which of the following is a tool or technique used in integrated change control? A. Organizational procedures B. Performance reports C. Project plan updates D. Performance measurement 5. _____________ invloves using statitical relationship between historical data and other variables . A. Analogous estimating B. Life-cycle costing C. Parametric estimating D. Bottom up estimating SAMPLE TEST 1 1-2 Sample Test 1 1 6. One of your employees is up for promotion. If the promotion is granted, the employee will be reassigned elsewhere causing a problem for you on your project. You can delay the promotion until your project is completed. You should: A. Support the promotion but work with the employee and the employee's new management to develop a good transition plan B. Ask the employee to refuse the promotion until your project is completed. C. Arrange to delay the promotion until the project is completed D. Tell the employee that it is his responsibility to find a suitable replacement so that the project will not suffer 7. The primary characteristic that distinguishes between external and internal risk areas is the _____________. A. Magnitude of the impact on the project B. Project manager's perception of risk C. Project manager's ability to influence the risk D. Use of more or less contractors 8. Which is an input to resource planning? A. Historical information B. Cost baseline C. Cost management plan D. Chart of accounts 9. _____________ involves allocating the overall costs to individual work items in order to establish a cost baseline for measuring project performance. A. Resource planning B. Cost estimating C. Cost budgeting D. Cost control 10. Your project is running out of cash and significant work remains. You are directed by senior management to instruct your people to use another project's charge numbers while working on your project. You should: A. Follow instructions B. Inform the corporate auditors C. Understand the background of management's instructions before taking any action D. Try to close down the project . . . . . SAMPLE TEST 1 PMP® Exam Cram Test Bank Sample Test 1 1-3 11. Risk event is the precise description of what might happen to the _____ of the project. A. Manager B. Detriment C. Schedule D. Budget 12. _____________ /top-down estimating is generally the least accurate. A. Using stakeholders to predict cost B. Parametric modeling C. Analogous estimating D. Computerized estimating 13. Using a contractor to perform a high risk task is which form of risk response? A. Mitigation B. Acceptance C. Transference D. Avoidance 14. _____________ is developing an approximation of the costs of the resources needed to complete project activities. A. Resource planning B. Cost estimating C. Cost budgeting D. Cost control 15. The integrity of the project manager is often challenged by stakeholders who attempt to use personal power or influence to change the scope of an agreed upon deliverable. In these situations the project manager's most appropriate response would be: A. Refer the stakeholder to the process for change documented in the approved contract. B. Agree to the change because customer satisfaction is the goal regardless of cost. C. Contact the legal department and suspend all further project work D. Determine the risks and rewards for implementing the change before taking any action. SAMPLE TEST 1 1-4 Sample Test 1 1 16. During project implementation the client interprets a clause in the contract to mean the he is entitled to a substantial refund for work recently completed. You review the clause and disagree with the client's conclusion. As the project manager which of the following actions should be taken? A. Disregard the customer's conclusion and continue to process invoices B. Document the dispute and refer to the provisions of the contract that address interpretations and disputes C. Advise the customer that ambiguous information in contracts is always interpreted in favor of the contractor D. Immediately correct the clause to remove any possible misinterpretation by the customer 17. The most rapid cost estimating technique is: A. Square foot estimating B. Template estimating C. Computerized estimating D. Analogous estimating 18. In order to balance the needs of the many stakeholders involved in your project the most desirable method to achieve resolution of conflicts would be: A. Compromise B. Forcing C. Controlling D. Confrontation 19. As the leader of a project team, the project manager may be required to assess the competencies of his or her team members. Occasionally, some weaknesses or areas for improvement will be identified. The project manager should: A. Remove any team members who have demonstrated weaknesses in critical knowledge areas B. Communicate those weaknesses and establish a performance improvement program C. Hire additional resources to compensate for weak areas D. Wait for the team members to fail in an assignment to justify termination . . . . . SAMPLE TEST 1 PMP® Exam Cram Test Bank Sample Test 1 1-5 20.An example of a conflict of interest would be: A. As a public official you make a decision about a contract award that will benefit you personally B. You and a functional manager disagree with a task cost estimate C. Your sponsor decides to cancel your project because it no longer supports the company strategy D. Your personality conflicts with that of a key member of your project team. 21. Tools and techniques for Risk Response Planning include of the following except? A. Avoidance B. Expert judgment C. Transference D. Acceptance 22. Company "A," which is highly profitable, is willing to spend $250,000 to develop a proposal for a $1 billion contract; Company "B," which is operating at break-even, is not. This is defined as: A. Sources of risk B. Potential risk events C. Stakeholder risk tolerances D. Expected monetary value 23. You are working in a country where it is customary to exchange gifts between contractor and customer. Your company code of conduct clearly states that you cannot accept gifts from any client. Failure to accept the gift from this client may result in termination of the contract. The action to take in this case would be: A. Provide the customer with a copy of your company code of conduct and refuse the gifts. B. Exchange gifts with the customer and keep the exchange confidential C. Contact your project sponsor and /or your legal office for assistance. D. Ask the project sponsor or project executive to exchange gifts. 24. _____________ is the most accurate cost estimating technique. A. Computerized B. Bottom up estimating C. Analogous estimating D. Square foot SAMPLE TEST 1 1-6 Sample Test 1 1 25. Tool and techniques for Risk Identification include all but: A. Checklists B. Delphi technique C. Triggers D. Interviewing 26. What are the inputs to Project Plan Execution? A. Project plan, work breakdown structure, organizational policies, preventive action and corrective action. B. Project plan, supporting detail, organizational policies, preventive action and corrective action. C. Project plan, work results, change requests, preventive action and corrective action. D. Project skills, supporting detail, organizational policies, preventive action and lessons learned. 27. Change control requests: A. Must be relayed in writing B. Provide the baseline against which changes will be controlled C. Are always initiated externally D. Are inputs to integrated change control 28. Cost control is concerned with: A. Managing changes when they occur B. Resource rates C. Chart of accounts D. Organizational policies 29. _____________ is another term for top down estimating. A. Analogous estimating B. Life-cycle costing C. Parametric modeling D. Bottom up estimating . . . . . SAMPLE TEST 1 PMP® Exam Cram Test Bank Sample Test 1 1-7 30. You receive a contract to perform testing for an external client. After contract award, the customer provides you with the test matrix to use for your 16 tests. The vice president for engineering says that the customer's test matrix is wrong, and she will use a different test matrix, which should give better results. This is a violation to the SOW. Suppose your sponsor is also the vice president for engineering. You should: A. Use the customer's test matrix. B. Use the engineering test matrix without telling the customer. C. Use the engineering test matrix and inform the customer. D. Tell your sponsor that you want to set up a meeting with the customer to resolve the conflict. 31. Project risk is defined as the cumulative effect of chances of _____ which will adversely affect project objectives. A. Likely events B. Complex activities C. Complex schedules D. Uncertain occurrences 32. A person who is attempting to fulfill the need for safety has already satisfied which needs? A. Esteem B. Self-Actualization C. Physiological D. Social 33. Which of the following choices would indicate that your project was 10% under budget? A. The BCWS was 110, and the BCWP was 100 B. The ACWP was 100, and the BCWP was 110 C. The BCWS was 100, and the ACWP was 110 D. The ACWP was 110, and the BCWP was 100 34. Meeting with prospective sellers prior to preparation of a proposal is A. Bidder Negotiations B. Bidder Auction C. Bidder Conference D. Bidder Selection SAMPLE TEST 1 1-8 Sample Test 1 1 35. Risk response planning is one of the _______________ processes A. Planning core processes B. Planning facilitating processes C. Controlling core processes D. Controlling facilitating processes 36. Which of the following is not one of the Risk Management processes? A. Risk identification B. Risk quantification C. Risk assessment D. Risk response planning 37. The project plan: A. Is a management control that will change only intermittently and only in response to an approved scope change B. Usually includes the work break down structure but not major milestones C. Is used to manage project execution D. Includes open issues, but not pending decisions 38. Assigning values of risk for a project is best accomplished through structured methodologies that ensure all project elements are evaluated. This is done as a tool and technique during? A. Qualitative risk analysis B. Risk identification C. Risk management planning D. Risk monitoring and control 39. _____________ involves estimating the cost of individual work items: A. Computerized B. Bottom up estimating C. Analogous estimating D. Square foot 40. The contract type that represents the greatest risk to the buyer is: A. CPPC B. FPI C. CPIF D. CPFF . . . . . SAMPLE TEST 1 PMP® Exam Cram Test Bank Sample Test 1 1-9 41. While reviewing the estimates from the functional managers assigned to your project you discover that one cost estimate is clearly higher than those submitted for previous projects. You should: A. Reject the estimate and remove the functional manager from the project B. Request the supporting details for the estimate to ensure it has been properly prepared. C. Accept the estimate and plan to use the additional funding as a reserve. D. Question each functional manager for information about this estimate. 42. For project "B," with a triangular distribution, what is the project mean? A. 216 B. 225 C. 246 D. 400 43. Name the ethical code you'll be required to adhere to as a PMP. A. Project Management Policy of Ethics B. Project Management Professional Standards C. Project Management Code of Professional Ethics & Standards D. Project Management Professional Code of Professional Conduct Project "B" Activities LOW MOST LIKELY HIGH Gather requirements 40 45 80 Write specifications 35 50 100 Review specifications 10 15 30 Build model 18 25 50 Inspect model 10 20 40 Prepare defects/issues list 10 25 60 Resolve defects/issues 15 20 40 SAMPLE TEST 1 1-10 Sample Test 1 1 44. The communication management plan is a document that provides: A. A collection of filing structures with detailed methods to store information B. A description of the information to be distributed, including format, content, and conventions/definitions to be used C. A method for updating and refining the communications management plan as the project progresses and develops D. All of the above 45. _____________ involves determining what quantities are to be used to perform project activities. A. Resource planning B. Cost estimating C. Cost budgeting D. Cost control 46. What document outlines the action steps to be taken if an identified risk event should occur? A. Risk management plan B. Project plan C. Corrective action plan D. Contingency plan 47. ____________ involves determing the information and communication of stakeholders. A. Communications planning B. Process control C. project status reports D. Information distribution planning 48. What are the tools and techniques for project plan development? A. Project planning methodology, stakeholder skills and knowledge, project management information system (PMIS) and the work breakdown structure B. Project planning methodology, stakeholder skills and knowledge, project management information system (PMIS) and historical information C. Project planning methodology, stakeholder skills and knowledge, project management information system (PMIS) and the project plan D. Project planning methodology, stakeholder skills and knowledge, project management information system (PMIS) and earned value management (EVM) . . . . . SAMPLE TEST 1 PMP® Exam Cram Test Bank Sample Test 1 1-11 49. The objective with which the project team will measure the effectiveness of its execution of the risk response plan is based on the? A. Overall risk ranking for the project B. Probability rating C. Risk assessment score D. Acceptable threshold for risk 50. Project risk should be identified and assessed during the planning phase. Once the implementation phase starts, it may be too late to objectively assess risk and select the more attractive alternatives. During the implementation phase, some indications of riskiness (i.e., failure to meet the project's objectives. may be: A. Instability of project progress information B. Loss of focus on the work by line supervisors C. Conflict between project manager and customer D. All of the above 51. Parametric cost estimating involves: A. Using the work breakdown structure as the basis for estimating B. Defining the parameters of the project life cycle C. Calculating individual cost estimates for each work package D. Using rates and other factors based on lesson learned/historical data to estimate costs 52. _____________ includes the processes required to ensure timely and appropriate generation, collection, dissemination, storage and ultimate disposition of project information. A. Project communication management B. Quality standards C. Process control D. Project quality control 53. Simulation uses a representation or model of a system to analyze the behavior or performance of the system. The results of a schedule simulation will not quantify the risk of: A. Risk management plan B. Different project strategies C. Different network paths D. Individual activities SAMPLE TEST 1 1-12 Sample Test 1 1 54. What is the Delphi forecasting technique? A. Regression analysis on historical information B. Intuitive expert opinion C. Simulation models D. Probabilistic sensitivity analysis 55. Which of the following are inputs to Project Plan Development? A. Assumptions, constraints, organizational policies, project plan and stakeholder skills B. Assumptions, constraints, organizational policies, historical information and other planning outputs C. Assumptions, constraints, supporting detail, project plan and change requests D. Assumptions, constraints, project planning methodology, project plan, supporting detail 56. Project Integration Management A. Describes the processes required to ensure that the project includes all the work required to complete the project successfully B. Describes the processes required to ensure timely completion of the project C. Describes the processes required to ensure that the project will satisfy the needs for which it was undertaken D. Describes the processes required to ensure that the various elements of the project are properly coordinated 57. To maintain the customer's schedule, massive overtime will be required between Christmas and New Years. Many of your team members have put in for vacation during this time. You should: A. Let the schedule slip and inform the customer B. First give the employees the choice of working overtime C. Make the employees cancel their vacation plans and work overtime D. Hire temporary employees for the overtime 58. There may be implied warranties associated with a contract which are not specifically detailed. These represent future costs for failure to meet the contract requirements, and are a risk to the contractor. Implied warranties are usually those associated with _____, as required in common law and legislation. A. Operability and durability B. Lawful use of the product and safety of use C. Regulatory agency requirements and environmental pollution D. Merchantability and fitness for purpose . . . . . SAMPLE TEST 1 PMP® Exam Cram Test Bank Sample Test 1 1-13 59. Your executives, in appreciation for the success of your project, have given you a $10,000 bonus to be disbursed among your five-team members. One of the five, who is a substandard worker and accomplished very little on your project, is in your car pool. You should: A. Provide everyone with an equal share B. Provide everyone a share based upon their performance C. Ask the workers to decide among themselves how the bonus should be subdivided D. Ask the sponsor to make the decision 60. Inputs to risk quantification include which of the following? A. Stakeholder risk tolerance B. Sources of risk C. Potential risk events D. Historical data 61. In which organizational structure is the project manager likely to have the most authority? A. Functional B. Weak Matrix C. Projectized D. Strong Matrix 62. In order for the project manager to fully and effectively understand a stake holder's personal concerns or grievances it may necessary to: A. Ask for a written description of the problem and submit it through the project office B. Schedule a project review session with the entire project team C. Attempt to empathize with the stakeholder D. Involve the project sponsor as an arbitrator 63. The contract type that represents the lowest risk to the buyer is: A. CPIF B. FPI C. FFP D. CPFF 64. Which is a document is not used to solicit proposals from potential buyers? A. IFQ B. IFB C. RFP D. RFQ SAMPLE TEST 1 1-14 Sample Test 1 1 65. With triangular distribution, the low, likely and high values are 15, 20 and 40, respectively. The mean is _____. A. 20.0 B. 22.5 C. 25.0 D. 27.5 66. Risk of property loss may be transferred to an insurance company. The project manager can calculate the ratio of insurance premium to the Expected value of a loss, to make an informed decision about buying insurance. For example, if the insurance premium is $10,000, value of the property is $200,000 and probability of loss is 4%, the insurance: A. Is desirable because it will cost less than the probable losses B. Is undesirable because it costs more than the probable losses C. Depends upon the project's attitude toward risk D. Is indeterminable because of insufficient data 67. Project Managers can contribute to their organization's knowledge base and to the profession of project management most effectively by: A. Developing and implementing a project review and lessons learned process B. Establishing strict guidelines for protecting intellectual property C. Promote the use of ad hoc project management D. Ensuring that all project plans are developed before the project team is formed 68. The output from resource planning includes: A. Salary options B. Job descriptions and responsibilities C. Resources required D. Current job openings 69. _____________ is controlling changes to the budget. A. Resource planning B. Cost estimating C. Cost budgeting D. Cost control . . . . . SAMPLE TEST 1 PMP® Exam Cram Test Bank Sample Test 1 1-15 70. A major assumption of all network scheduling methods is that activity durations must be _____. A. Statistically dependent B. Variance distributed C. Statistically independent D. Deterministic 71. Your schedule has shown that your project has a high likelihood of experiencing a schedule overrun. You know this because the BCWP is much: A. High than the ACWP B. Higher than the BCWS C. Lower than the ACWP D. Lower than the BCWS 72. Project cost management includes all of the following functions except: A. Resource planning B. Resource leveling C. Cost estimating D. Cost budgeting 73. Which is not a process included in Project Risk Management: A. Risk identification B. Qualitative risk analysis C. Quantitative risk analysis D. Risk control management 74. As part of your project plan you must develop an effective method of communication for your multinational team of stakeholders. You have several choices of media available. The appropriate action to take in the development of the communication plans would be to: A. Discuss the available options with the stakeholders and obtain their input B. Use the standard media that has been in effect for your previous projects C. Use multiple forms of media to ensure that everyone receives the information D. Obtain additional funding from the project sponsor and develop a project specific communications infrastructure. SAMPLE TEST 1 1-16 Sample Test 1 1 75. The project is one with many hazards that could easily injure one or more persons and there is no method of avoiding potential for damages. The project manager should consider _____ as a means of deflecting the risk. A. Abandoning the project B. Buying insurance for personal bodily injury C. Establishing a contingency fund D. Establishing a management reserve 76. Which is a phased budget used to measure and monitor cost performance on the project? A. Cost baseline B. Project schedule C. Cost management plan D. EAC 77. _________ is the formal procedure for sanctioning project work to ensure it is done at the right time. A. Work-authorization system B. Organizational procedures C. Status review D. Project planning 78. Tools and techniques used in Quantitative Risk analysis include all of the following except? A. Interviewing B. Sensitivity analysis C. Decision tree analysis D. Avoidance 79. In risk analysis, expected value can be used as a means of determining the weighted outcome of alternatives. The formula for this weighted outcome is: A. Probability of outcome divided by the outcome in dollars B. Probability of outcome multiplied by the outcome in dollars C. Desired outcome multiplied by the outcome in dollars D. Desired outcome divided by the outcome in dollars . . . . . SAMPLE TEST 1 PMP® Exam Cram Test Bank Sample Test 1 1-17 80. You are negotiating with a contractor to provide the installation and integration of a computer system with data links. The data links must access three different computer protocols and provide a common data communication. The integration of data protocols has never been accomplished before. Attempting to avoid risk, you would like to award a _____ contract and the contractor will sign only a _____ contract. A. Letter, formal B. Fixed price, cost plus C. Cost plus, fixed price D. No-fault, no obligation 81. Project risk through liability comes in two forms: breach of contract and tort. Breach of contract is essentially a failure to perform the service or provide the required product. A tort is a personal wrong and includes _____. A. An automobile accident B. An accident on commercial premises C. Slander or libel D. All of the above 82. For Christmas, you give your government client a leather brief case. You are in violation of the responsibility to: A. Comply with the law. B. Comply with regulations. C. Provide accurate information. D. Protect conflict of interest. 83. Earned value can be described as: A. The value of the equipment that has been installed as of the current date B. The sum of the labor costs that have been incurred on the project date C. A method of measuring project performance D. A method of measuring the amount of money that has been spent to date 84. You have just changed jobs and discovered that your new employer routinely violates OSHA/EPA and affirmative action requirements on projects. You should: A. Do nothing; it's not your problem B. Start by asking management if they are aware that regulations are being violated C. Talk to the corporate legal department D. Inform the appropriate government