Project Management Professional (PMP)

As the project manager, you are responsible for the successful completion and closure of the projects that your organization initiates. You are currently at the closing point on a large software development project in which several obstacles were overcome. These obstacles included difficulties in vacation coordinating, poorly described quality metrics, and lack of proper communication planning. You want to ensure that these mistakes are not repeated in future projects.

Where would you document this information?

You are a procurement specialist preparing a contract for a software development project. Through negotiations, it has been determined that a cost-plus-incentive-fee contract type will be used. The following criteria for the contract have been agreed upon:

Target Project Cost: $200,000
Fee to the Seller: $30,000
Share Ratio: 80% Buyer, 20% Seller

Which final payout is appropriate if the project costs $220,000 to perform the work outlined in the contract?

Calvin, the project manager, has scheduled a meeting for his team to discuss problems that have developed over the course of the project. Lou, a team member responsible for assisting with updating the project schedule, expresses his concern about the time constraints over the next month. He is concerned there will not be enough time to attend the upcoming training seminar on how to use a new software program that is designed to help him with his tasks for maintaining the project schedule. Lou maintains that it is of the utmost importance to be able to attend the training. Jane, who is part of the project management team, needs Lou to be available to work on some key tasks. Jane reminds Lou and Calvin that the training seminar is important, but it will be presented three months from today's date and Lou can attend it when there is more flexibility in the project schedule. Calvin responds by agreeing that the training seminar is important and needs to be attended by Lou. Which part did Calvin play in this situation?

Which statement represents the PRIMARY focus of the change management plan?

Which technique is BEST used to calculate the theoretical earliest and latest possible start and finish dates for work activities in a project?

Your boss has assigned you as the project manager for the design phase of a new product that is in the very early stages of development. The phase has not been officially approved and there is pressure from your boss to start planning as soon as possible. Which action should you take FIRST?

You are currently in the closing phase of the project. As the project manager, you are tasked with providing the successful completion of the project deliverable to the customer. Which option describes the MOST important purpose of receiving formal acceptance from the customer?

You work in an organization with multiple project managers who get together in the company's lounge to relax or talk about the day's events. One of the project managers starts discussing with you the need for some processes and practices to be more efficient. What approach is normally taken to achieve the results that the project manager is describing?

Review the following |h %5coutput%5ct6%5cmisc%5cpmp4edeo240.html exhibit.

You are working at creating a network diagram for a project you are managing. The critical path consists of which activities?

You are in the process of integrating and consolidating the subsidiary plans and baselines created from the various planning processes. Which of the following documents will become part of the project management plan?

You need to determine whether to make, buy, or lease a specialized lift that will be needed on a three-year project that you are managing.

The organization does not have the skills required to make the lift. Review the |h %5coutput%5ct6%5cmisc%5cpmp4edeo267.html Analysis Table to identify the costs associated with the alternatives.

What is the BEST choice to make regarding buying or leasing the forklift?

You are managing new staff members who are performing the work to create various procurement items. One of the team members fails to provide you with a report on the status of the procurement item that they are working on. What is the MOST likely reason that you did not receive the report?

You are a project manager for a large project-oriented organization. You are currently working on a project proposal and are considering potential stakeholders that may influence the project. Which stakeholders are the MOST critical at this point in the project?

You are managing the execution of project work on a job site to convert an old nursing home into a new office complex. A sub contractor working on the job notices that the insulation needs to be replaced since it does not meet the customer's requirement for a specific R-value. You analyze the situation and discuss options with the project team members including the sub contractor. The best option in this situation is to replace the insulation. The cost for replacing the insulation is an additional $15,000. After documenting the issue and communicating the information to the customer, you need to update some project information. Where will you document the reasons why the specific corrective actions were chosen?

You are a project manager, and you are currently managing sellers, suppliers, and stakeholders. As well as developing deliverables so that the team can complete the project work outlined within the project management plan. Which of the following is an organizational process asset used during this process?

A project team member notifies the project manager of an issue. A file for a 500-page training manual that he is working on using Microsoft Word contains numerous spelling and grammar issues. These issues were left from the previous author who wrote the majority of the manual. The project team member indicates that they have the time to make the corrections to the manual. What should the project manager do NEXT?

You are currently analyzing the consumption of funds compared to the work being performed. In which process are you currently involved?

Troy is managing a project that is several weeks into production. One of the processes used on the project is imposing constraints on what can be achieved by the project team. What should Troy use to determine a strategy to improve the process?

You are managing a mission critical project for your organization. A seller has been sourced to provide a high load winch system. You will be leasing a winch that is rated at 1,000 pounds. The delivery date of the hoist system was supposed to be three days ago, and you are unable to contact the seller. You are considering terminating the contract early. In which process are you working?

As a project manager for a project that your company has undertaken, you are responsible for determining project costs. Early in the project, you develop an estimate that has an accuracy range of 50 percent. Which type of estimate are you developing?

You work for an organization that has a strong matrix structure. They are looking for ideas for innovative projects that will help them stay competitive in the current market. Which action is the FIRST thing that you should do to develop relevant ideas?

You have recently started working at a company as a senior project manager. Some junior project managers have been asking you for assistance in dealing with some work-related issues. Which course of action would BEST fulfill your responsibility?

Ann, who is a senior project manager, has taken over a project from a colleague just after they completed assembling the team. Before leaving, they indicated that several members of the team will need specialized training. Which action should Ann take NEXT to help guide her through selecting the appropriate training?

You have performed a feasibility study to validate if a potential project will address a business need of your organization. The result was positive, so you have begun identifying key stakeholders, determining key events, and the overall risk to the project. You are also identifying factors that may limit the actions of the project team. Where would limiting factors primarily be documented?

A project manager was chosen to manage the day-to-day activities of a new project to create a new sales system and test the system for sixth months. The new sales system is to deliver an annual 15 per cent increase in revenue and 10 percent increase in sales orders.

After a year working on the project, the new sales system is complete and is tested for six months before the project is closed. What should the project manager use to check to see if the system meets the required advantages?

You are in the process of collecting requirements for a project deliverable. One of your peers suggests that everyone involved be able to rank the requirements that are most important to them. Which action should you take?

You are the newly appointed the project manager for an internal project. The project charter and the project management plan have been formally approved. Which action should you perform NEXT?

You are in the process of creating the scope baseline for a project you are managing. What should you include in the scope baseline?

You are a project manager for an organization that is moving from paper to a new payroll system where clients can access pay and tax statements online. The project is in its final phase. You wish to review information that was brought up by a specific project stakeholder during meetings, as you plan to follow up with them. Which asset would include this information?

As project manager for your organization, you are responsible for the successful completion of the projects that your company initiates. You have attained formal acceptance of the current project that you are managing. You are currently documenting all of the positive and negative processes used during the life of the project, and the corresponding results. Which of the following BEST describes the task you are currently completing?

You have been asked to create an image that will display how long a project activity will take. You must show logical relationships that exist between activities. Which method will BEST achieve this?

You are trying to identify and document high-level risks, assumptions, and constraints to pinpoint project limitations. You have interviewed key stakeholders that have expertise in this area and looked at the current environment. Which other activity should you perform to complete your task?

You have been selected as the project manager for a new project that is being performed for your organization. The initiator of the project has signed off on the project initiation documentation. How does this documentation benefit you?

You are engaged in the quality management processes of a project designed to build the world's smallest car. The development of the car has been plagued with issues. There is a month remaining before you must unveil the car to the project sponsors. You have decided to deal with the three biggest problems before this milestone date. Which resource can be used to identify three problems that generate the most defects?

You are managing a project that is overseeing the expansion of a local car dealership that specializes in performance vehicles. The project has been scheduled to take 16 weeks. The total cost of the project is set at $500,000. At the seven week mark of the project, it has been determined that the project is one week behind schedule, and the cost so far is $250,000. At this point, which option represents the planned value of the project?

You are managing a construction project that is creating a new set for a talk show. The show is set to premiere next month. The backdrop is nearing completion; however, the main stage is only 50 percent complete. You move a few of the human resources to the main stage team. Which technique did you use?

You are managing the construction of a state-of-the-art hospital. As with any project, this one has had its share of problems. The project sponsors would like to add a new wing to the hospital and designate it solely for the use of diagnostic medicine. Which process is sent approved changes related to the construction of the hospital?

Mark is a project team member currently working on a project task with medium priority. Lucy, the project manager, observes that Mark seems to be distracted and is falling behind on his work. Which action should Lucy take?

You are managing the execution of the project work when one of the sellers provides you with a deliverable. This deliverable is needed for assembling one of the final deliverable for the customer. The deliverable does not meet all the requirements outlined in the technical specifications for the final deliverable. What is the MOST LIKELY reason for the seller's deliverable not meeting the specifications?

You are the project manager for the construction of a new shopping center. Which of the following are activities that you will perform when directing and managing project work?

You are a project manager working for the healthcare system. You have been tasked with overseeing the implementation of a new computer infrastructure at the local hospital. You are currently ensuring that all change requests are processed accordingly. In which process are you currently involved?

You are a project manager for a major golf club manufacturer. Your team is working on developing a new line of golf clubs for the upcoming season. It was planned that you will meet with the stakeholders after the first few production sets were ready and allow them to try the clubs. You are reviewing how effective this type of stakeholder meeting is. Why would this type of meeting take place?

Your organization uses the benefit-cost ratio (BCR) economic model to select which project they want to initiate. You have received a report that contains the BCR results for a number of different initiatives. Which guideline should you follow when selecting a project to initiate?

While creating the schedule for a project you are managing, you realize the targeted project end date will be exceeded by several days. You have some project resources that are not being fully used. Also, after reviewing the current schedule, you identify some activities that can be performed in parallel. Which method is BEST used to align the scheduled end date with the original targeted project end date?

Donna, a project manager for a multi-million dollar organization, has determined that to complete the installation of a new fitness center at a local university she is going to have to outsource the work. After reviewing the procurement documents, she notices that there is no vendor list available. Which action should she do NEXT?

Glen is managing a team of software designers. He receives an update on the status of the design plans from one of the lead designers via email. Based on the information provided in the update and the project schedule, Glen has determined some project objectives will exceed the risk thresholds set by the organization. What should Glen do FIRST?

You are currently working at determining the budget that will be needed for a project you are managing. You need to identify an appropriate allowance for unplanned changes resulting from risks that may be required on the project. Which technique is MOST likely to assist you in achieving your goal?

Which of the following is NOT a characteristic of the PDM?

You have been assigned to lead a project soon after it was selected by your organization's project management office. You have been asked to assist with the creation of the initiation documentation. The project sponsor has provided you with a completed business case, a project benefits management plan, access to the lessons learned knowledge base, and a signed contract. Based on the information provided, which statement is TRUE?

The project charter has been completed on your current project and you are currently working on identifying all potential stakeholders. Company policy states that the classification method to be used needs to organize stakeholders based on their power, urgency, and legitimacy. Which classification method should you use?

You have completed a brainstorming session to help determine the best development approach for your project. You have identified the following characteristics of your project:

- dynamic requirements
- activities must be repeated until correct
- frequent small deliveries
- customer value achieved through frequent feedback and deliveries

Which project life cycle best meets these characteristics?

You are creating the WBS for a project. Which indicator BEST shows that you have decomposed a work package to an appropriate level?

You have been contracted by an organic honey startup company to design a process for efficient honey gathering. It is a daunting task trying to maintain the schedule, as there are many variables to consider related to the bee's honey production. Which option can be used to reduce the complexity of this task?

You are managing a project that is designed to create a new ordering system that will be used by the sales department in your organization. You are preparing a performance report to send out to the stakeholders. You need to identify the stakeholders to whom the report will be sent and the required method of delivering the report. What should you do NEXT?

You are determining the number of communication channels required on a project you are managing. At the beginning of the project, you appointed two project management team members to help you with administration and five other project team members to work on the project. You have recently added six more people to the project team. How many communication channels were added to the project?

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