IFMA FMP PROJECT MANAGEMENT EXAM
QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES GRADED A+
GUARANTEED PASS
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.
, IFMA FMP PROJECT MANAGEMENT EXAM
QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES GRADED A+
GUARANTEED PASS
(Reference: 3-2-10)
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 CORRECT DETAILED
ANSWERS WITH RATIONALES GRADED A+
GUARANTEED PASS
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
QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES GRADED A+
GUARANTEED PASS
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.
, IFMA FMP PROJECT MANAGEMENT EXAM
QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES GRADED A+
GUARANTEED PASS
(Reference: 3-2-10)
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 CORRECT DETAILED
ANSWERS WITH RATIONALES GRADED A+
GUARANTEED PASS
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
