PMP Practice Exam Practice Exam 2025-2026
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Management is about getting things done Leadership is
inspiring and emotional intelligence
Leadership vs. Management
Definition: Power derived from the formal authority or
legitimate power due to the role or position.
Positional Power
Example: A new project manager has positional power
because of their role.
Definition: Power held by an individual because they
possess information or data that others want.
Informational Power
Example: A person who controls the flow of information
and releases it selectively.
Definition: Power based on the relationship and respect
the team has for the project manager.
Example: A project manager who has worked with the
Referent Power
team before and has established a good relationship.
Definition: Power that arises due to changing situations
Situational Power
within the organization. Example: Power shifts when
someone leaves or departments merge.
Definition: Power stemming from an individual's
Personal or Charismatic Power
personality and likability. Example: A project manager
with a warm and friendly demeanor.
Definition: Power based on the ability to reward team
Reward Power
members for their actions. Example: A project manager
who can offer incentives for good performance.
Definition: Power gained through flattery or sucking up
Ingratiating Power
to others.
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Example: A project manager who gives excessive
compliments to gain favor.
A: Incremental project life cycles include a series of
What are Incremental project
life cycles? small or manageable steps that are planned to be
implemented over time.
Predictive project life cycles are based on the
What are Predictive project
life cycles specification of requirements and substantial planning
during the beginning phases of a project.
What characterizes Iterative Iterative project life cycles are characterized by multiple
project life cycles? planning sessions covering all or most aspects of a
project throughout the project's life cycle.
Agile project life cycles continuously elaborate their
How do Agile project life requirements based on feedback obtained following a
cycles operate?
sprint to add a feature or group of features to a
product.
The Cost Performance Index (CPI) is a key metric in
project management used to measure the financial
efficiency of a project. It compares the value of work
What is CPI? completed to the actual cost incurred. Here's a
breakdown:
Formula: CPI=Earned Value (EV)/Actual Cost (AC)
CPI > 1: The project is under budget
(performing well). CPI < 1: The
project is over budget (cost
overruns).
CPI = 1: The project is on budget.
The Schedule Performance Index (SPI) is a key metric
in project management that measures the efficiency of
time utilization in a project. It is part of the Earned
Value Management (EVM) system and helps project
managers understand how well the project is
What is SPI
adhering to its planned schedule.
Formula:
SPI=Earned Value (EV)Planned Value/ (PV)
SPI > 1: The project is
ahead of schedule. SPI < 1:
The project is behind
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schedule. SPI = 1: The
project is on schedule.
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