PMI PMI-SP Online Practice Questions and Exam Preparation

PMI PMI-SP Online Questions & Answers

• Question 121:

  What project management plan will document the time frame and frequency for the distribution of required information?

  A. Scope Management Plan
  B. Communications Management Plan
  C. Stakeholder Management Plan
  D. Schedule Management Plan
  B. Communications Management Plan

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  The project's Communications Management Plan defines what information will be distributed, when it will be distributed, to whom it will be distributed, and the modality of the information. Answer option D is incorrect. The Schedule Management Plan defines the project work, when the project work will happen, resource utilization, and how the schedule will be monitored and controlled. Answer option C is incorrect. There is a stakeholder management strategy, but not a Stakeholder Management Plan. Answer option A is incorrect. The project's Scope Management Plan defines how the scope will be created, how the changes will be allowed, how the scope will be executed, monitored and controlled, and finally closed.

• Question 122:

  You are the project manager for your organization. You are working through the control schedule process. According to the PMBOK, there are four inputs to this process. Which one of the following is NOT an input to the control schedule process?

  A. Schedule data
  B. Work performance information
  C. Project management plan
  D. Project schedule
  A. Schedule data

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  Schedule data is not an input to the control schedule process. Organizational process assets are the final input to the control schedule process. The inputs of schedule control process are as follows: Project Management Plan Project Schedule Work Performance Integration Organizational Process Assets Answer option C is incorrect. The project management plan is an input to the control schedule process. Answer option D is incorrect. The project schedule is an input to the control schedule process. Answer option B is incorrect. Work performance information is an input to the control schedule process.

• Question 123:

  Holly is the project manager of the NDS project and she is 85 percent complete with her project though she should be 95 percent complete. Her project has a BAC of $9,850,400 and she has spent $8,011,221 to date. What is Holly's schedule variance for this project?

  A. $163,626
  B. $130,901
  C. -$985,040
  D. 0.16
  C. -$985,040

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  The schedule variance for a project can be found by subtracting the planned value from the earned value. In this instance, it would be as follows: SV = EV - PV =(0.85*9,850,400) - (0.95*9,850,400) = 8,372,840 - 9,357,880 =-985,040 Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that the schedule is ahead or behind what was planned for this period in time. The schedule variance is calculated based on the following formula: SV = Earned Value (EV) - Planned Value (PV) If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater than 0 shows that the project is ahead of the planned schedule. A value of 0 indicates that the project is right on target. Answer option B is incorrect. $130,901 is the cost variance. Answer option A is incorrect. $163,626 is the variance at completion for this project. Answer option D is incorrect. 0.16 is the difference between the schedule performance index of .84 and a perfect schedule.

• Question 124:

  You are the project manager for your company. You are working with the activities defined in the figure below.

  

  What will happen to your project if Activity F takes five additional days to complete than what was expected?

  A. Your project's critical path will shift to ACFI.
  B. Your project will be late by five days.
  C. Your project can still complete on time as float is available on Activity I.
  D. Your project will now have two critical paths.
  B. Your project will be late by five days.

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  Activity F is on the critical path of ACFHK of 30 days. By adding five additional days to Activity F, the project will now take 35 days to complete. Answer options C, A, and D are incorrect. These are not the valid answers.

• Question 125:

  What component of the change management system is responsible for evaluating, testing, and documenting changes created to the project scope?

  A. Scope Verification
  B. Configuration Management System
  C. Project Management Information System
  D. Integrated Change Control
  B. Configuration Management System

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  The change management system is comprised of several components that guide the change request through the process. When a change request is made that will affect the project scope. The Configuration Management System evaluates the change request and documents the features and functions of the change on the project scope. What is Configuration Management System? Configuration Management System is a subsystem of the overall project management system. It is a collection of formal documented procedures used to identify and document the functional and physical characteristics of a product, result, service, or component of the project. It also controls any changes to such characteristics, and records and reports each change and its implementation status. It includes the documentation, tracking systems, and defined approval levels necessary for authorizing and controlling changes. Audits are performed as part of configuration management to determine if the requirements have been met. Answer option D is incorrect. Integrated Change Control, part of the change control system, does not document changes to the features and functions of the project scope. It evaluates the change's impact on eight knowledge areas: scope, time, cost, quality, human resources, communication, risk, and procurement. What is Perform Integrated Change Control? Perform Integrated Change Control is the process of reviewing all change requests, approving changes, and controlling changes to the deliverables and organizational process assets in a project. Perform Integrated Change Control has to do with influencing the things that cause change, determining that the change is required or has happened, and managing the change. Answer option A is incorrect. Verify scope is a process of formalizing acceptance of the completed project deliverables. It is an inspection- driven process the stakeholders will complete to inspect the project scope deliverables. It is typically performed at the end of the phase and at the end of the project. Answer option C is incorrect. The Project Management Information System (PMIS) is an information system consisting of the tools and techniques used to gather, integrate, and disseminate the outputs of project management processes. It is used to support all aspects of the project from initiating through closing, and can include both manual and automated systems. It is the parent of the change control process. It is a system that includes all of the change control processes for scope, time, cost, and procurement. Configuration management is part of the PMIS.

• Question 126:

  John works as the project manager for Blue Well Inc. He is identifying the phases within the scope of work for the project plan. Which of the following can be categorized as a project phase? Each correct answer represents a complete solution. Choose all that apply.

  A. Concrete
  B. Pre-construction
  C. Engineering
  D. Conceptual engineering
  B. Pre-construction
  C. Engineering
  D. Conceptual engineering

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  A phase is a combination of associated activities that represent a distinct stage within a project. A phase can have distinct start and finish dates and include several stages of planning and work. Each project has a defined scope of work, such as a unique product or service. Some examples of phases within the scope of work for a project plan are conceptual engineering, pre-construction, and engineering. Answer option A is incorrect. Concrete is an activity, not a project phase.

• Question 127:

  You are the project manager of the NAA Project for your organization. You are exploring the possibility of fast tracking in your project. Which of the following statements is most accurate about fast tracking the project?

  A. Fast tracking only works if activities can be overlapped to shorten duration.
  B. Fast tracking only works if the activities are effort-driven.
  C. Fast tracking only works if the activities are resource-driven.
  D. Fast tracking only works if activities can have start-to-start relationships.
  A. Fast tracking only works if activities can be overlapped to shorten duration.

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  Fast tracking is only valid if the activities or phases can be overlapped. Some activities or phases cannot be overlapped due to mandatory dependencies in the project. In other words, the work must be completed in a particular given order.

  Fast tracking is a technique for compressing project schedule. In fast tracking, phases are overlapped that would normally be done in sequence. It is shortening the project schedule without reducing the project scope.

  Answer option C is incorrect. This is not a valid description of fast tracking. Answer option B is incorrect. Effort-driven or activities of fixed duration can be fast tracked. Answer option D is incorrect. The relationships among the activities do not

  have to be start-to-start to be fast tracked.

• Question 128:

  You work as a Project Manager for Tech Perfect Inc. You are looking for performance efficiencies of a project. The related key values are provided in the table below:

  

  What will be the cost variance (CV) of the project at the current point of time?

  A. +80
  B. -80
  C. -10
  D. +10
  B. -80

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  According to the question, you are required to calculate the cost performance index (CPI) of the project. Cost variance (CV) is a measure of cost performance on a project. The variance notifies if costs are higher than budgeted or lower than budgeted. The cost variance is calculated based on the following formula: CV = Earned Value (EV) - Actual Cost (AC) A positive value means that spending is less than budgeted, whereas a negative value indicates that costs are higher than originally planned for the project. Now, putting the provided values in the formula: CV = EV - AC = 320 - 400 = -80 As the value of CV (which is 80) is negative, it shows that the costs are higher than that have been planned for the project. What is BCWP (or EV)? Budgeted cost of work performed (BCWP) or Earned Value (EV) is the value of completed work. It is the budgeted amount for the work actually completed on the schedule activity during a given time period. What is BCWS (or PV)? Budgeted Cost of Work Scheduled (BCWS) or Planned Value (PV) is the authorized budget assigned to the scheduled work to be accomplished for a schedule activity or Work Breakdown Structure (WBS) component. What is ACWP (or AC)? Actual cost of work performed (ACWP) or Actual Cost (AC) is the total costs actually incurred and recorded in accomplishing work performed during a given time period for a schedule activity. It is the cost of the work to date, including direct and indirect costs. AC is money that has actually been expended to date.

• Question 129:

  You are the project manager of the NHA Project. This project is expected to last one year with quarterly milestones throughout the year. Your project is supposed to be at the third milestone today, but you are likely to be only 60 percent complete. Your project has a BAC of $745,000 and you have spent $440,000 of the budget-to-date. What is your cost variance for this project?

  A. 11,667
  B. $-111,750
  C. There is no variance.
  D. $7,000
  D. $7,000

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  The cost variance is the earned value minus the actual costs. In this project, you have spent less than what the project is worth, so the project has a positive cost variance. Cost variance (CV) is a measure of cost performance on a project. The variance notifies if costs are higher than budgeted or lower than budgeted. The cost variance is calculated based on the following formula: CV = Earned Value (EV) - Actual Cost (AC) A positive value means that spending is less than budgeted, whereas a negative value indicates that costs are higher than originally planned for the project. Answer option B is incorrect. -$111,750 is the cost variance of the project. Answer option A is incorrect. This is the variance at completion for the project. Answer option C is incorrect. There is a cost variance, albeit a positive one.

• Question 130:

  John is a scheduler in ABC Company. He has to plan an activity for the schedule models. Which of the following activities will he use to make the schedule models? . Each correct answer represents a complete solution. Choose all that apply.

  A. Hammocks
  B. Critical path scheduling
  C. Flags
  D. Tasks
  A. Hammocks
  C. Flags
  D. Tasks

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  An activity is an individual component of work that is logically linked to other activities to outline the schedule. Its key characteristics include an overall duration based upon the resources applied to it (manpower, material, and equipment), a start and completion date that is tied to a work calendar, and an association with other activities (predecessor and successors). Following are the various types of activities in schedule creation: Tasks: A task is an activity that needs to be accomplished within a defined period of time. Milestones: A milestone is the end of a stage that marks the completion of a work package or phase, typically marked by a high level event such as completion, endorsement or signing of a deliverable, document or a high level review meeting. Flags: Flags shall occur at appropriate intervals of approximately each month. The flags shall be located on the critical path and be incorporated into the baseline, all targets, and the current schedule. Hammocks: Hammocks are a summary pseudo "activity" representing a group of related activities that collectively cover some portion of a project. Answer option B is incorrect. The Critical Path scheduling, or Critical Path Analysis, is a mathematically based algorithm for scheduling a set of project activities.