Page 1 of 107
PMA Practice Test EXAM QUESTIONS AND
CORRECT ANSWERS WITH RATIONALES LATEST
UPDATE JUST RELEASED THIS YEAR
Question: Which of the following estimating approaches would you use early in a project?
A. Analogous
B. Parametric
C. Bottom-up
D. Three-point - CORRECT ANSWER✔✔A.
Planning - Cost Management
Of the estimating approaches listed, only analogous is used early in a project, when little
information is known about the project. It is the quickest way of coming up with a total project
estimate but it is also the least accurate.
Question: The process of Identify Risk will result in which of the following?
A. Risk Management Plan
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B. Risk Register
C. Risk Breakdown Structure
D. Risk versus Reward - CORRECT ANSWER✔✔B.
Planning - Risk Management
The process of Identify Risk will result in the creation of the Risk Register, which is the document
that will list all possible threats and opportunities that could occur during the project. The risk
management plan is an outcome of plan risk management and it will possibly include the risk
breakdown structure.
Question: As the project manager you have decided to separate the sources of risk by phase
and by the WBS. Using this technique you will find the riskiest areas of the project. Which of the
following best describes the technique employed?
A. Proper risk planning
B. Risk urgency assessment
C. Risk data quality assessment
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D. Risk categorization - CORRECT ANSWER✔✔D.
Planning - Risk Management
While answer A may be correct it is too general. Answer B is a technique used to identify those
risks that could occur sooner in the project. Answer C is a technique used to ensure the quality
of the data used to identify and analyze risk. Risk categorization is a technique used to classify
risk and can be done through various methods, such as a sample list of risk categories, or it
could be done by phase, by the WBS, or by a formal risk breakdown structure.
Question: Your project team has just completed a quantitative analysis of project risk. They
have identified a 45% chance of a flood that would cost the project $50,000 in damages and
cleanup. They have also identified a 30% chance that the new piece of equipment recently
purchased by your organization will save the project $10,000. What is the expected monetary
value of these two risks? (Probability)x(impact)
A. $40,000
B. ($40,000)
C. $19,500
D. ($19,500) - CORRECT ANSWER✔✔D.
Planning - Risk Management
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When calculating the contingency budget for a project, one popular method is called EMV or
expected monetary value. To calculate EMV for each of these risks you would multiply the
probability of occurrence and the impact of that occurrence. So, .45*$50,000= -$22,500. Then
you will notice that the second risk is an opportunity. To calculate the EMV for this opportunity
it would be, .30*$10,000= $3,000. These two figures would then be added together. So, a
negative $22,500 plus $3000 would equal -$19,500. A common way of showing negative
numbers is in parentheses.
Question: Two team members are having trouble getting along. They have attempted to resolve
their differences between themselves with no lasting outcome. As project manager you have a
discussion with them to identify the root cause. After much discussion, you decide that the best
way to take care of the situation is to have both team members go play a round of golf, which
they both enjoy. What conflict resolution technique have you employed?
A. Compromise/Reconcile
B. Force/Direct
C. Smooth/Accommodate
D. Collaborate/Problem Solve - CORRECT ANSWER✔✔C.
Executing - Human Resources Management
In this situation the project manager is using smoothing or accommodating, which means they
are deemphasizing the areas of disagreement and emphasizing the areas of agreement or
commonality. Compromising is when both parties give something up to reach an agreement.
Forcing or directing is when one party forces their desire or wish upon someone else.
Collaborating or problem-solving is when the conflict is treated as a problem, and possible
PMA Practice Test EXAM QUESTIONS AND
CORRECT ANSWERS WITH RATIONALES LATEST
UPDATE JUST RELEASED THIS YEAR
Question: Which of the following estimating approaches would you use early in a project?
A. Analogous
B. Parametric
C. Bottom-up
D. Three-point - CORRECT ANSWER✔✔A.
Planning - Cost Management
Of the estimating approaches listed, only analogous is used early in a project, when little
information is known about the project. It is the quickest way of coming up with a total project
estimate but it is also the least accurate.
Question: The process of Identify Risk will result in which of the following?
A. Risk Management Plan
, Page 2 of 107
B. Risk Register
C. Risk Breakdown Structure
D. Risk versus Reward - CORRECT ANSWER✔✔B.
Planning - Risk Management
The process of Identify Risk will result in the creation of the Risk Register, which is the document
that will list all possible threats and opportunities that could occur during the project. The risk
management plan is an outcome of plan risk management and it will possibly include the risk
breakdown structure.
Question: As the project manager you have decided to separate the sources of risk by phase
and by the WBS. Using this technique you will find the riskiest areas of the project. Which of the
following best describes the technique employed?
A. Proper risk planning
B. Risk urgency assessment
C. Risk data quality assessment
, Page 3 of 107
D. Risk categorization - CORRECT ANSWER✔✔D.
Planning - Risk Management
While answer A may be correct it is too general. Answer B is a technique used to identify those
risks that could occur sooner in the project. Answer C is a technique used to ensure the quality
of the data used to identify and analyze risk. Risk categorization is a technique used to classify
risk and can be done through various methods, such as a sample list of risk categories, or it
could be done by phase, by the WBS, or by a formal risk breakdown structure.
Question: Your project team has just completed a quantitative analysis of project risk. They
have identified a 45% chance of a flood that would cost the project $50,000 in damages and
cleanup. They have also identified a 30% chance that the new piece of equipment recently
purchased by your organization will save the project $10,000. What is the expected monetary
value of these two risks? (Probability)x(impact)
A. $40,000
B. ($40,000)
C. $19,500
D. ($19,500) - CORRECT ANSWER✔✔D.
Planning - Risk Management
, Page 4 of 107
When calculating the contingency budget for a project, one popular method is called EMV or
expected monetary value. To calculate EMV for each of these risks you would multiply the
probability of occurrence and the impact of that occurrence. So, .45*$50,000= -$22,500. Then
you will notice that the second risk is an opportunity. To calculate the EMV for this opportunity
it would be, .30*$10,000= $3,000. These two figures would then be added together. So, a
negative $22,500 plus $3000 would equal -$19,500. A common way of showing negative
numbers is in parentheses.
Question: Two team members are having trouble getting along. They have attempted to resolve
their differences between themselves with no lasting outcome. As project manager you have a
discussion with them to identify the root cause. After much discussion, you decide that the best
way to take care of the situation is to have both team members go play a round of golf, which
they both enjoy. What conflict resolution technique have you employed?
A. Compromise/Reconcile
B. Force/Direct
C. Smooth/Accommodate
D. Collaborate/Problem Solve - CORRECT ANSWER✔✔C.
Executing - Human Resources Management
In this situation the project manager is using smoothing or accommodating, which means they
are deemphasizing the areas of disagreement and emphasizing the areas of agreement or
commonality. Compromising is when both parties give something up to reach an agreement.
Forcing or directing is when one party forces their desire or wish upon someone else.
Collaborating or problem-solving is when the conflict is treated as a problem, and possible
