PMBOK Exam 5 QUESTIONS AND ANSWERS ALL CORRECT

Andy has just been assigned the project manager to a multi-million dollar construction project. Andy has also been given an approved project charter that authorizes him to apply organizational resources to the project. Now Andy wants to take all key stakeholder on board with the project charter. Where can Andy find a preliminary list of all key stakeholders? A Project charter B Stakeholder register C Project management plan D Risk register Correct Answer: A- The project has just been approved and all Andy has at the moment is the project charter itself. The project charter has a preliminary list of project stakeholders. Andy can use this list as a starting point. [PMBOK 5th edition, Page 72] When writing the roles and responsibilities for team members, you should document the role, authority, responsibility and competency for each team member. Where must this information be documented? A RACI chart B Human Resource Management C Resource calendar D Resource Breakdown Structure (RBS) Correct Answer: B- Information regarding team roles, responsibilities, authorities and competencies is documented in the Human Resource Management Plan. [PMBOK 5th edition, Page 264] A project's financial management reserve is identified in which process: A Determine Budget B Estimate Activity Resources C Estimate Costs D Control Costs Correct Answer: A The Management Contingency Reserve is identified in the Determine Budget process. [PMBOK 5th edition, Page 213] Which of these is not a component of the scope baseline that is contained in the project management plan? A Requirements documentation B Project Scope Statement C Work Breakdown Structure (WBS) D WBS Dictionary Correct Answer: A Project requirements documentation is used as an input to define the project's scope baseline. However, the requirements documentation is not a part of the scope baseline. [PMBOK 5th edition, Pages 131, 132] Mark is managing an internal project. The project is sensitive in nature and has many negative stakeholders. Which of the following project life cycle is recommend if Mark wants to keep the stakeholder influences low throughout the life cycle of the project? A Predictive life cycle B Adaptive life cycle C Iterative life cycle D Incremental life cycle Correct Answer: A Adaptive life cycles are developed with the intent of keeping stakeholder influences higher and the costs of changes lower throughout the life cycle of the project than in predictive life cycles. The iterative and incremental life cycles are closer to the adaptive life cycle than to the predictive life cycle. In the given situation it is advisable to use a predictive life cycle in order to keep the stakeholders' influence low through the life of the project. [PMBOK 5th edition, Pages 40-46] Project stakeholders are individuals and organizations that are actively involved in the project or that have an interest in it. Which of the following is not a stakeholder? A Competitor B Customer C Project Sponsor D Project Manager Correct Answer: A The competitors are affected by the project but are not actively involved in the project. Competitors are not project stakeholders. [PMBOK 5th edition, Page 30] You have landed your dream job as project manager working in an exotic sports car factory. Your project involves devising a smoother ride for the car. You have tasked the engineers to determine which type of suspension and which type of tires will provide the best ride at the most reasonable cost. This relates to which of the following processes? A Plan Quality Management B Control Risks C Perform Quality Assurance D Control Quality Correct Answer: A Design of Experiments is a statistical method that helps identify which factors may influence specific variables of a product or process under development or in production. It is a tool in the quality planning process. [PMBOK 5th edition, Page 239] Sandra is managing a complex ERP design and implementation project. The project team has recently been hired. It is an enterprise-wide project affecting many stakeholders. It is very important for each team member to properly understand and follow the project communication requirements in order to keep the stakeholders engaged and informed. Which of the following tools & techniques Sandra can utilize to ensure that team members properly understand the project's communications requirements? A Training B Recognition and rewards C Ground rules D Colocation Correct Answer: A- All of the choices look correct at the first glance. However, the question is specifically asking for a technique that will raise the awareness of the communication requirements. Training is the ideal tool for increasing the awareness of the team members. [PMBOK 5th edition, Page 275] You are managing a construction project. Your company do not specialize in construction design; hence you have outsourced the construction design to a third party. You are conducting regular procurement performance reviews and are not satisfied. You want to carry out a detailed audit of the design supplier's work processes to determine the root cause. Can you do that? A Yes, if there is a provision in the contract allowing work process audits B Yes, it is a good project management technique advocated by the PMBOK guide C No, you are only authorized to perform quality audits on the delivered products and not the supplier's internal work processes D No, a detailed procurement audit cannot be performed until you terminate the contract Correct Answer: A- Inspections and audits required by the buyer and supported by the supplier, if specified in the procurement contract, can be conducted during execution of the project to verify compliance in the seller's work processes or deliverables. [PMBOK 5th edition, Page 383] Mary is currently drafting stakeholder management plan for her new website development project. Her organization have strict communication guidelines to be followed. Mary wants to ensure that her stakeholder management strategy is aligned with the organizational communications guidelines. Where can she find these guidelines? A Corporate knowledge base B Stakeholder register C Project contract D Lessons learned library Correct Answer: A- Mary is looking for the organizational policy on project communications. This is a part of the organizational process assets which are stored in corporate knowledge bases. [PMBOK 5th edition, Pages 28, 407] As an experienced PMP, you have found that running a WBS meeting is tricky because you need to find a balance between insufficient decomposition and excessive decomposition. When items are excessively decomposed, it leads to all of the following except: A It breaks the 100% rule. B Inefficient use of resources C Non productive management effort D Decreased efficiency when performing work Correct Answer: A- Excessive decomposition can lead to inefficient use of resources, decreased efficiency and non-productive management efforts. [PMBOK 5th edition, Page 131] Which of the following can NOT be used to measure business value? A Customer satisfaction B Expected monetary value C Revenue growth D Market share Correct Answer: B- An increase or decline in Business Value that an action produces is traditionally measured in terms of Customer Satisfaction, Revenue Growth, Profitability, Market Share, Wallet Share, Cross-Sell Ratio, Marketing Campaign Response Rates, or Relationship Duration. Expected monetary value is the product of an event's probability of occurrence and the gain or loss that will result. EMV is used for managing risks and not measuring business value. [PMBOK 5th edition, Pages 15, 339] John, a project manager for Code Crashers Inc., has been assigned a project where he must lead a group of inexperienced programmers in developing a software package that creates Material Safety Data Sheets (MSDS) for a chemical company. This situation strongly resembles a project that his colleague, Peter, worked on in 2006. If John needs to come up with a rough order of magnitude estimate, what tool or technique shoul