IFMA FMP PROJECT MANAGEMENT EXAM QUESTIONS
AND ANSWERS VERIFIED WITH RATIONALES UPDATED
2024 | GRADED A
If an organization has narrowed the list of contractors submitting
proposals but is still having trouble deciding between them, what could
help? - CORRECT ANSWER The correct answer is: Bidder
presentations
Which statement is true of the Execute, Monitor and Control phases of the
project model? - CORRECT ANSWER The correct answer is: These
phases are often concurrently or iteratively performed.
When project managers determine the level of data to collect for
monitoring and controlling project work, what do they not need to
verify? - CORRECT ANSWER The correct answer is: Project work
delays due to data collection are scheduled.
What do project managers submit when they suggest revising the
project management plan to make it feasible given the current
situation? - CORRECT ANSWER The correct answer is: change
order.
What is developed to review a final deliverable from an entire
system perspective? - CORRECT ANSWER The correct
answer is: Checklist reviews
Which statement is true about the documentation for project closure? -
CORRECT ANSWER The correct answer is: Documentation may
include operations and maintenance manuals.
A project manager wants to minimize risk and provide some
independent checks and balances on contractor work. Which contract
model should the organization use? - CORRECT ANSWER
Construction management Your answer is correct.
Construction management is the best choice because it uses an
independent consultant to supervise separate contracts with design
firms and construction firms, which allows for some independent
review. (Reference: 3-2-10)
, IFMA FMP PROJECT MANAGEMENT EXAM QUESTIONS
AND ANSWERS VERIFIED WITH RATIONALES UPDATED
2024 | GRADED A
According to the critical path method (CPM) of scheduling, what is the
critical path for any project? - CORRECT ANSWER the longest set of
sequential tasks in the project. Your answer is correct.
The critical path is the longest set of sequential tasks in a project and
indicates the shortest possible project duration. The critical path is
determined using forward pass scheduling followed by backward pass
scheduling.(Reference: 3-2-3)
, IFMA FMP PROJECT MANAGEMENT EXAM QUESTIONS
AND ANSWERS VERIFIED WITH RATIONALES UPDATED
2024 | GRADED A
Why does a budget need to be closely integrated with the project
schedule? - CORRECT ANSWER costs are allocated to the period in
which they occur. Your answer is correct.
Development of the budget requires close integration with the project
schedule because costs are allocated to the period in which the costs are
incurred. Similarly, budget constraints can require changes to the
project schedule such as completing a task more quickly to minimize
financing costs. Budgets are produced after schedules. Estimates for
costs are made during planning rather than waiting until
later.(Reference: 3-2-5)
Which scheduling methods are for activities NOT concurrently
performed? - CORRECT ANSWER Traditional waterfall model
scheduling Your answer is correct.
In forward pass, backward pass, and critical pass scheduling, as many
activities as possible are concurrently performed, constrained by
resource availability and predecessors. The traditional waterfall model
does not include these time-saving processes, and therefore it is rarely
used for project scheduling.(Reference: 3-2-3)
Which statement is true about the process steps used to build a project
schedule? - CORRECT ANSWER Failure to agree on a duration
estimate may indicate a need for further task division. Your answer is
correct.
Failure to come to agreement on an estimate may indicate the task
needs to be further broken down. Dependencies are part of sequencing.
Knowing the skill levels of personnel affects the length of time required
for a task, so determining this is necessary. Sequencing is not
performed during work breakdown structure creation. (Reference: 3-2-
3)
Which statement is true of communications management for an office
relocation? - CORRECT ANSWER Post-relocation orientation brochures
AND ANSWERS VERIFIED WITH RATIONALES UPDATED
2024 | GRADED A
If an organization has narrowed the list of contractors submitting
proposals but is still having trouble deciding between them, what could
help? - CORRECT ANSWER The correct answer is: Bidder
presentations
Which statement is true of the Execute, Monitor and Control phases of the
project model? - CORRECT ANSWER The correct answer is: These
phases are often concurrently or iteratively performed.
When project managers determine the level of data to collect for
monitoring and controlling project work, what do they not need to
verify? - CORRECT ANSWER The correct answer is: Project work
delays due to data collection are scheduled.
What do project managers submit when they suggest revising the
project management plan to make it feasible given the current
situation? - CORRECT ANSWER The correct answer is: change
order.
What is developed to review a final deliverable from an entire
system perspective? - CORRECT ANSWER The correct
answer is: Checklist reviews
Which statement is true about the documentation for project closure? -
CORRECT ANSWER The correct answer is: Documentation may
include operations and maintenance manuals.
A project manager wants to minimize risk and provide some
independent checks and balances on contractor work. Which contract
model should the organization use? - CORRECT ANSWER
Construction management Your answer is correct.
Construction management is the best choice because it uses an
independent consultant to supervise separate contracts with design
firms and construction firms, which allows for some independent
review. (Reference: 3-2-10)
, IFMA FMP PROJECT MANAGEMENT EXAM QUESTIONS
AND ANSWERS VERIFIED WITH RATIONALES UPDATED
2024 | GRADED A
According to the critical path method (CPM) of scheduling, what is the
critical path for any project? - CORRECT ANSWER the longest set of
sequential tasks in the project. Your answer is correct.
The critical path is the longest set of sequential tasks in a project and
indicates the shortest possible project duration. The critical path is
determined using forward pass scheduling followed by backward pass
scheduling.(Reference: 3-2-3)
, IFMA FMP PROJECT MANAGEMENT EXAM QUESTIONS
AND ANSWERS VERIFIED WITH RATIONALES UPDATED
2024 | GRADED A
Why does a budget need to be closely integrated with the project
schedule? - CORRECT ANSWER costs are allocated to the period in
which they occur. Your answer is correct.
Development of the budget requires close integration with the project
schedule because costs are allocated to the period in which the costs are
incurred. Similarly, budget constraints can require changes to the
project schedule such as completing a task more quickly to minimize
financing costs. Budgets are produced after schedules. Estimates for
costs are made during planning rather than waiting until
later.(Reference: 3-2-5)
Which scheduling methods are for activities NOT concurrently
performed? - CORRECT ANSWER Traditional waterfall model
scheduling Your answer is correct.
In forward pass, backward pass, and critical pass scheduling, as many
activities as possible are concurrently performed, constrained by
resource availability and predecessors. The traditional waterfall model
does not include these time-saving processes, and therefore it is rarely
used for project scheduling.(Reference: 3-2-3)
Which statement is true about the process steps used to build a project
schedule? - CORRECT ANSWER Failure to agree on a duration
estimate may indicate a need for further task division. Your answer is
correct.
Failure to come to agreement on an estimate may indicate the task
needs to be further broken down. Dependencies are part of sequencing.
Knowing the skill levels of personnel affects the length of time required
for a task, so determining this is necessary. Sequencing is not
performed during work breakdown structure creation. (Reference: 3-2-
3)
Which statement is true of communications management for an office
relocation? - CORRECT ANSWER Post-relocation orientation brochures
