PMI PMI Certifications PMI-001 Questions & Answers

• Question 521:

  What is one of the objectives of Project Risk Management?

  A. Decrease the probability and impact of an event on project objectives.

  B. Distinguish between a project risk and a project issue so that a risk mitigation plan can be put in place.

  C. Increase the probability and impact of positive events.

  D. Removal of project risk.

  Correct Answer: C

• Question 522:

  Which of the following involves making information available to project stakeholders in a timely manner?

  A. Plan Communications

  B. Performance reporting

  C. Project status reports

  D. Distribute Information

  Correct Answer: D

• Question 523:

  Which process uses occurrence probability and impact on project objectives to assess the priority of identified risks?

  A. Identify Risks

  B. Perform Qualitative Risk Analysis

  C. Plan Risk Management

  D. Perform Quantitative Risk Analysis

  Correct Answer: B

• Question 524:

  Which Process Group typically consumes the bulk of a project's budget?

  A. Monitoring and Controlling

  B. Executing

  C. Planning

  D. Initiating

  Correct Answer: B

• Question 525:

  When is a project finished?

  A. After verbal acceptance of the customer or sponsor

  B. After lessons learned have been documented in contract closure

  C. When the project objectives have been met

  D. After resources have been released

  Correct Answer: C

• Question 526:

  Which process documents the business needs of a project and the new product, service, or other result that is intended to satisfy those requirements?

  A. Develop Project Management Plan

  B. Develop Project Charter

  C. Direct and Manage Project Execution

  D. Collect Requirements

  Correct Answer: B

• Question 527:

  Which of the following is an output of the Define Activities process?

  A. Activity list

  B. Project plan

  C. Activity duration estimates

  D. Project schedule

  Correct Answer: A

• Question 528:

  Which type of analysis systemically gathers and analyzes qualitative and quantitative information to determine which interests should be taken into account throughout the project?

  A. Product

  B. Cost-benefit

  C. Stakeholder

  D. Research

  Correct Answer: C

• Question 529:

  What is the function of a Project Management Office (PMO)?

  A. To focus on the coordinated planning, prioritization, and execution of projects and subprojects that are tied to the parent organizations or the client's overall business objectives.

  B. To coordinate and manage the procurement of projects relevant to the parent organization's business objectives and to administer the project charters accordingly.

  C. To administer performance reviews for the project manager and the project team members and to handle any personnel and payroll issues.

  D. To focus on the specified project objectives and to manage the scope, schedule, cost, and quality of the work packages.

  Correct Answer: A

• Question 530:

  Identifying major deliverables, deciding if adequate cost estimates can be developed, and identifying tangible components of each deliverable are all part of which of the following?

  A. Work breakdown structure

  B. Organizational breakdown structure

  C. Resource breakdown structure

  D. Bill of materials

  Correct Answer: A