PMP Certification problems
- 1. The price that you charge for your project is
Options- A. equal to the cost estimate plus a fixed percentage.
- B. essentially the same as the cost estimate.
- C. typically 1.5 - 2.5 times the cost estimate in order to account for corporate overhead costs
- D. a business decision that considers the cost estimate together with other factors. Discuss
Correct Answer: a business decision that considers the cost estimate together with other factors.
Explanation:
Overhead costs should be figured into the cost estimate. Desired profit considered together with other factors such as market demand, availability of resources, prior experience are then used to determine the optimal price.
- 2. A quality audit is
Options- A. a structured, independent review to determine whether project activities comply with organizational and project policies, processes, and procedures.
- B. the process of regularly evaluating overall project performance to provide confidence that the project will satisfy relevant quality standards.
- C. an approach where the team members meet regularly to improve the process of quality control on their project.
- D. the process of determining the appropriate actions to increase the effectiveness and efficiency of the project to provide added benefits to project stakeholders. Discuss
Correct Answer: a structured, independent review to determine whether project activities comply with organizational and project policies, processes, and procedures.
Explanation:
?A quality audit is a structured, independent review to determine whether project activities comply with organizational and project policies, processes, and procedures.?
- 3. Project authorization is one of the processes that is associated with the initiation phase of a project. Authorization can come in many different forms, and projects are generally authorized by all of the following except
Options- A. Technological Advances
- B. Customer request or market demand
- C. Executive year - end bonuses
- D. Business or Social needs Discuss
Correct Answer: Executive year - end bonuses
Explanation:
Project authorization should not be exclusively based upon the impact of an executive's bonus (many people would agree that it should not ever be based upon an executive's bonus). Answer A, B, and D are common events that predicate the need for project authorization and can evolve into large scope projects.
- 4. Project Life Cycle - Characteristic of Project Phases What is a deliverable? Discuss
Correct Answer: A deliverable is a measurable, verifiable work product such as a specification, feasibility study report, detailed design document, or working prototype
- 5. Project Stakeholders What do you meant by project stakeholders? Discuss
Correct Answer: Project Stakeholders are individuals and organizations that are actively involved in the project, or whose interests may be affected as a result of project execution or project completion Stakeholders may have a positive or negative Positive stakeholders are those who would normally benefit from a successful outcome from the project, while negative stakeholders are those who see negative outcomes from the project's success
- 6. Organizational Systems What are Project-based and Non project-based organizations? Discuss
Correct Answer: Project-based Organizations are those whose operations consist primarily of projects Non Project-based organizations often may lack management systems designed to support project needs efficiently and effectively
- 7. Project Management Processes What is the underlying concept for the interaction among the project management processes? Discuss
Correct Answer: Plan-do-check-act cycle
- 8. Project Management Process Groups What are the Project Management Process Groups? Discuss
Correct Answer: This section identifies and describes the five Project Management Process Groups required for any project These five process Groups have clear dependencies and are performed in the same sequence on each project The five Process Groups are : Initiating Process Group - Defines and authorizes the project or a project phase Planning Process Group - Defines and refines objectives, and plans the course of action required to attain the objectives and scope that the project was undertaken to address Executing Process Group - Integrates people and other resources to carry out the project management plan for the project Monitoring and Controlling process Group - Regularly measures and monitors progress to identify variances from the project management plan so that corrective action can be taken when necessary to meet project objectives Closing Process Group - Formalizes acceptance of the product, service or result and brings the project or a project phase to an orderly end
- 9. Initiating Process Group What are the Project Management Processes included in the Initiating Process Group ? Discuss
Correct Answer: Develop Project Charter Develop Preliminary Project Scope Statement
- 10. Planning Process Group What are the Project Management Processes included in the Planning Process Group? Discuss
Correct Answer: Develop Project Management Plan Scope Planning Scope Definition Create WBS Activity Definition Activity Sequencing Activity Resource Estimating Activity Duration Estimating Schedule Development Cost Estimating Cost Budgeting Quality Planning Human Resource Planning Communications Planning Risk Management Planning Risk Identification Qualitative Risk Analysis Quantitative Risk Analysis Risk Response Planning Plan purchases and Acquisitions Plan Contracting
Programming
Copyright ©CuriousTab. All rights reserved.