PMI PMI-SP Online Practice Questions and Exam Preparation

PMI PMI-SP Online Questions & Answers

• Question 221:

  Wendy is the project manager for the NHQ project. She is working with her project to begin creating the project duration estimate. Her organization is in weak matrix and several of the project team members are scheduled to complete work on other projects. What input will most likely be of the biggest assistance as Wendy and the project team begin creating the duration estimate for this project?

  A. Project charter
  B. Project scope statement
  C. Project communications management plan
  D. Resource calendar
  D. Resource calendar

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  The resource calendar is needed because it will help Wendy and the project team to determine when the project team resources will be available. The availability of the project resources can affect the overall duration of the project. A resource calendar is used to make sure that work resources (people and equipment) are scheduled only when they are available for work. They affect a specific resource or category of resources. By default, the working time settings in the resource calendar are the same as in the project calendar. However, a user can customize the resource calendar to show individual schedule information, such as vacations, leaves of absence, or equipment maintenance time. Answer option B is incorrect. The project scope statement is an input to the estimate activity duration estimate, but it is not the best choice for this question. Answer option C is incorrect. The project communications management plan is not an input to the estimate activity duration process. Answer option A is incorrect. The project charter is not an input to the estimate activity duration process.

• Question 222:

  Amy is working on a project which is forty percent complete though it was scheduled to be fifty percent complete as of today. Management has asked Amy to report on the schedule variance for her project. If Amy's project has a BAC of $750,000 and she has spent $485,000 to date, what is the schedule variance value?

  A. -$75,000
  B. -$42,000
  C. -$45,000
  D. -$65,000
  A. -$75,000

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  The schedule variance is found by subtracting the planned value from the earned value. The earned value is the percentage of the project completeness multiplied by the BA C. Planned value is the percentage of where the project should be at this time multiplied by the BA C. 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. In this example, EV = 40% of BAC = 300,000, and PV = 50% of BAC = 375,000 SV = 300,000 - 375,000 = -75,000 Answer options C, B, and D are incorrect. These are not the correct values for the schedule variance.

• Question 223:

  You are the project manager of the NHQ project. This project is slightly larger than the TR project, in which you also served as the project manager. You decide to use the actual activity duration of the GTR project as a basis for your current NHQ project. This, you reason, will save time for your project, as the previous project has provided the information. Which one of the following terms best describes the action you are doing in this scenario?

  A. You are creating an analogous estimate.
  B. You are creating a bottom-up estimate.
  C. You are relying on expert judgment.
  D. You are creating a rough order of magnitude estimate.
  A. You are creating an analogous estimate.

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  This is an example of analogous estimate as you are creating an analogy between two similar projects. This estimating approach is also known as a top-down estimate type, and is somewhat unreliable. Answer option C is incorrect. Expert

  judgment relies on experts, consultants, or subject matter experts to guide your project decisions. An analogous estimate is a form of expert judgment, but this is not the best choice for this question.

  Answer option B is incorrect. A bottom-up estimate creates an activity duration estimate for each work package in the WBS. It is the longest estimate type to create, but it also the most reliable. Answer option D is incorrect. A rough order of

  magnitude estimate is a quick estimate, usually for project costs, that often has a broad range of variance attached to the estimate.

• Question 224:

  You work as the project manager for Blue Well Inc. You are working with your project team to schedule the days the project work will take place. You have created a project network diagram as shown in the figure:

  

  Based on this diagram, find out the earliest day on which Activity G can be started.

  A. Day 13
  B. Day 7
  C. Day 22
  D. Day 17
  D. Day 17

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  The earliest Activity G can start is Day 17. This is because activities A, D, C, and F must all be completed before Activity G can start.

  Answer option A is incorrect. Day 13 does not account for Activity F since Activity F is also a predecessor to Activity G.

  Answer option C is incorrect. Day 22 is the earliest Activity G can finish. Answer option B is incorrect. Day 7 is not a valid answer.

• Question 225:

  You are the project manager for your company. You are working with the management regarding the exact end date of your project. Management needs to know what day of the week your project will complete. Assuming that your project will not require any work to be completed over the upcoming weekends and that the remaining project work will commence on a Tuesday, what day of the week will the project end if there are 67 days of project work left to complete?

  A. Wednesday
  B. Thursday
  C. Monday
  D. Tuesday
  A. Wednesday

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  The project will end on a Wednesday. If the project work commences on a Tuesday, there will be four days to complete in that week. That will bring the project work down to 63 days of remaining work. Each work week counts as five days of work. 63 divided by 5 is 12 work weeks with three days remaining. The 63rd remaining day will complete on a Wednesday. Answer options C, D, and B are incorrect. These are not the valid answers.

• Question 226:

  Fill in the blank with an appropriate phrase. The ________is defined in terms of either the product or the type of customer or industry sector.

  Application area

  The application area is defined as a type of project that comprises common components important in such projects, but are not required or present in all projects. The application area is defined in terms of either the product or the type of customer or industry sector.

• Question 227:

  You are the project manager of the NQQ project. You are working with your project team to create the activity duration estimates for the project. For each reported activity duration, your project team offers you an addition of five percent extra time for risks, errors, or aggressive estimating. What does Parkinson's Law state about this scenario?

  A. Work expands to fulfill the amount of time allotted to it.
  B. Risks will be allowed into activities in which management creates risk provisions.
  C. Laborers will create errors when time has been allotted for errors to exist.
  D. Errors will be allowed into assignments when management creates error opportunity.
  A. Work expands to fulfill the amount of time allotted to it.

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  Parkinson's Law states that the work will expand to fulfill the time allotted to it. When you allow five percent additional time per activity the work will expand to consume the additional time that has been allotted to the project task. In other words, activities will not be completed early even if there are no errors or risks. Answer options B, D, and C are incorrect. These are not the valid definitions of Parkinson's Law.

• Question 228:

  Cathy is the project manager of the NNQ Project. She currently has completed 45 percent of the project but was scheduled to have 65 percent of the project completed. This project has a budget of $344,000 and was scheduled to last four months. Cathy has spent $198,998 to date on the project. Based on this information, what is the estimate at completion for the NNQ Project?

  A. -$98,217.78
  B. -$44,198
  C. $441,025.64
  D. $243,219.78
  C. $441,025.64

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  The estimate at completion (EAC) formula is the Budget at Completion (BAC)/Cost Performance Index (CPI). In this instance, the CPI is .78 and the BAC is $344,000. Cathy's project isn't doing too well. Answer option D is incorrect. This value represents the estimate to complete for the project. Answer option B is incorrect. This value represents the negative cost variance. Answer option A is incorrect. This value represents the negative value the project will have once all the work is completed.

• Question 229:

  Which of the following provides a method to track project progress during project execution against what was planned?

  A. Team members profile
  B. Benefit-cost ratio
  C. Schedule baseline
  D. Detailed project budget
  C. Schedule baseline

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  A schedule baseline provides a method to track project progress during project execution against what was planned. What is schedule baseline? Schedule baseline is a project schedule used in measuring project progress. It helps provide a comparison with the actual progress of work against the schedule and to determine if performance to date is within acceptable parameters. Any change caused by change in scope of the project invalidates the original schedule and requires a new baseline schedule. Answer options D, A, and B are incorrect. A detailed project budget, team members profile, and benefit-cost ratio will not help you track project progress. What is BCR? A benefit-cost ratio (BCR) is an indicator, used in the formal discipline of cost-benefit analysis, that attempts to summarize the overall value for money of a project or proposal. A BCR is the ratio of the benefits of a project or proposal, expressed in monetary terms, relative to its costs, also expressed in monetary terms. All benefits and costs should be expressed in discounted present values. For e.g., a BCR of $3.8 indicates a payback of $3.8 for each dollar expended.

• Question 230:

  Which of the following documents is a narrative description of products or services to be supplied by the project and has detailed requirements and pricing specified on it?

  A. Scope of statement
  B. Project charter
  C. Statement of work (SOW)
  D. WBS
  C. Statement of work (SOW)

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  A statement of work (SOW) is a document that captures and defines the work activities, deliverables and timeline that a vendor will execute against in performance of work for a customer. Detailed requirements and pricing are usually specified in it, along with many other terms and conditions. SOW is a narrative description of products or services to be supplied by the project. For internal projects, the project initiator or sponsor provides the statement of work based on business needs, product, or service requirements. For external projects, the statement of work can be received from the customer as part of a bid document. Answer option A is incorrect. Scope of statement gives the narrative description of the project scope. Answer option B is incorrect. Project charter is a document that formally authorizes a project manager to work on a project. Answer option D is incorrect. WBS is a tool that defines a project and groups the project discrete work in a way that helps organize and define the total work scope.