PMI PMI Certification PMI-001 Questions & Answers

• Question 251:

  Funding limit reconciliation is a tool and technique used in which process?

  A. Control Costs

  B. Determine Budget

  C. Estimate Costs

  D. Control Budget

  Correct Answer: B

• Question 252:

  In Plan Risk Management, which of the management plans determines who will be available to share information on various risks and responses at different times and locations?

  A. Schedule

  B. Quality

  C. Communications

  D. Cost

  Correct Answer: C

• Question 253:

  Under which type of contract does the seller receive reimbursement for all allowable costs for performing contract work, as well as a fixed-fee payment calculated as a percentage of the initial estimated project costs?

  A. Cost Plus Fixed Fee Contract (CPFF)

  B. Cost Plus Incentive Fee Contract (CPIF)

  C. Firm Fixed Price Contract (FFP)

  D. Fixed Price with Economic Price Adjustment Contract (FP-EPA)

  Correct Answer: A

• Question 254:

  An input of the Create WBS process is:

  A. requirements documentation.

  B. scope baseline.

  C. project charter.

  D. validated deliverables.

  Correct Answer: A

• Question 255:

  The cost benefit analysis tool is used for creating:

  A. Pareto charts.

  B. quality metrics.

  C. change requests,

  D. Ishikawa diagrams.

  Correct Answer: B

• Question 256:

  Which of the following are three inputs to the risk register?

  A. Risk register updates, stakeholder register, and quality management plan

  B. Communication management plan, enterprise environmental factors, and activity duration estimates

  C. Risk management plan, activity cost estimates, and project documents

  D. Project scope statement, organizational process assets, and scope baseline

  Correct Answer: C

• Question 257:

  Which of the following change requests can bring expected future performance of the project work in line with the project management plan?

  A. Corrective action

  B. Defect repair

  C. Preventative action

  D. Probable action

  Correct Answer: A

• Question 258:

  Which of the following is a tool or technique used in the Acquire Project Team process?

  A. Networking

  B. Training

  C. Negotiation

  D. Issue log

  Correct Answer: C

• Question 259:

  Identify Stakeholders is the process of identifying all of the people or organizations impacted by the project and documenting relevant information regarding their interests in, involvement in, and impact on the project:

  A. manager.

  B. success.

  C. deadline.

  D. scope.

  Correct Answer: B

• Question 260:

  Which of the following response strategies are appropriate for negative risks or threats?

  A. Share, Accept, Transfer, or Mitigate

  B. Exploit, Enhance, Share, or Accept

  C. Mitigate, Share, Avoid, or Accept

  D. Avoid, Mitigate, Transfer, or Accept

  Correct Answer: D