PMI PMI-SP Online Practice Questions and Exam Preparation

PMI PMI-SP Online Questions & Answers

• Question 41:

  Harry works as a project manager for BlueWell Inc. A risk that has been identified and analyzed in the project planning processes is now coming into fruition. Who among the following is responsible for implementing the risk responses or contingency plan?

  A. Risk owner
  B. Harry
  C. Project sponsor
  D. Subject matter expert
  A. Risk owner

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  The risk owner is the individual on the project team that is closest to the risk event. The risk owner can be an individual or an organization responsible for implementing risk responses or contingency plan. The risk owner should be

  empowered with the ability to respond to the risk as it was planned. Answer option B is incorrect. Harry is the project manager and likely would not be the risk owner as well. Answer option C is incorrect. The project sponsor authorizes the

  project but does not participate in execution of the project.

  Answer option D is incorrect. While a subject matter expert may be the risk owner on some occasions, he would not be the risk owner on every occasion.

• Question 42:

  Your project team is executing the project plan and things are going well. Your team has reached its first milestone and is now in the second phase of the project. The project stakeholders have requested that you find a method to reduce the duration of the project. They will reward you and your project team with a 25 percent bonus of the project costs if you can finish the project thirty days earlier than what was already planned. The stakeholders, however, will not approve any additional labor costs as part of the agreement. Which approach could you use to shorten the duration of the project?

  A. Perform resource leveling for the project.
  B. Crash the project schedule.
  C. Fast track the project.
  D. Remove things from the project scope.
  C. Fast track the project.

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  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. It does not add any additional labor but it can introduce project risks. Answer option D is incorrect. Removing things from the project scope can reduce the project duration, but it will not satisfy the requirements the stakeholders have identified. Answer option A is incorrect. Resource leveling can actually increase the project duration. Answer option B is incorrect. Crashing can reduce the project duration but it increases the labor expense, something the stakeholders won't approve.

• Question 43:

  You are the project manager for your organization. You need the oak cabinets for your project delivered by December 1 in order to install the floors around the oak cabinets by December 15. Your company's procurement office generally takes 45 days to complete procurement orders. Based on this information, how should you schedule the lead time for the cabinet delivery?

  A. Cabinet procurement December 1, plus 45 days lead time
  B. Cabinet procurement November 15
  C. Cabinet procurement December 1, minus 45 days lead time
  D. Cabinet procurement December 15 minus 45 days lead time
  C. Cabinet procurement December 1, minus 45 days lead time

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  The cabinet procurement and delivery must be completed by December 1. By scheduling the activity to finish on December 1 with minus 45 days lead time for procurement, the cabinets will arrive by the needed date.

  Answer option A is incorrect. Lead time is always negative time, lag time is positive time. This choice would cause the cabinets to not arrive until 45 days after December 1. Answer option D is incorrect. This choice would cause the cabinets to

  arrive on December 15 when the floors are to be installed. Answer option B is incorrect. This choice is not the best answer because it does not necessarily account for holidays, weekends, or other factors in the project calendar. By scheduling

  the cabinet for December 1 and working backwards through lead time, the project's PMIS will account for these breaks in the project work.

• Question 44:

  You are the project manager of the HGH Project. Thomas, your project sponsor, asked you to submit status reports every week, but now he wants you to submit the status reports every other week. What project management plan would you need to update to reflect this change from Thomas?

  A. Scope management plan
  B. Performance management plan
  C. Communications management plan
  D. Project management plan
  C. Communications management plan

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  The communications management plan needs to be updated whenever there is a change in the frequency, type, or audience of communication. The communication management plan is a document that contains information that is required by the stakeholders. It also documents when and how the information should be distributed. It describes the information delivery needs, its format and level of detail. The communication management plan is contained in or is a subsidiary of the

  project management plan. Answer option D is incorrect. The project management plan is a collection of subsidiary plans, including the communications management plan.

  Answer option A is incorrect. The scope of the project is not being changed in this example, so there is no need to update the plan.

  Answer option B is incorrect. There is no plan by the name of performance management plan, so this choice is incorrect.

• Question 45:

  John works as the project manager for Honeywell Inc. He is involved in the periodic collection and analysis of baseline versus actual data to understand and communicate the project progress. Which of the following techniques is used in generating performance reports?

  A. Work performance information
  B. Change requests
  C. Work performance measurements
  D. Forecasting method
  D. Forecasting method

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  Forecasting method is a technique used in generating performance reports. Forecasting is the process of estimating or predicting in unknown situations. Forecasting is about predicting the future as accurately as possible with the help of all the information available, including historical data and knowledge of any future events that might impact forecasts. The forecasting methods are categorized as follows: Time series method: It uses historical data as the basis for estimating future outcomes. Causal/ econometric method: This forecasting method is based on the assumption that it is possible to identify some factors that might influence the variable that is being forecasted. If the causes are understood, projections of the influencing variables can be made and used in the forecast. Judgmental method: Judgmental forecasting methods incorporate intuitive judgments, opinions, and subjective probability estimates. Other methods: Other methods may include probabilistic forecasting, simulation, and ensemble forecasting. It is one of the tools and techniques of the report performance process. Answer option A is incorrect. Work performance information is the data gathered on the status of the project schedule activities that are performed to accomplish the project work. This data is collected as part of the Direct and Manage Project Execution processes. WPI includes the following: Deliverables status Schedule Progress Costs incurred It is used as an input in generating the report performance process. Answer option C is incorrect. Work performance measurements are created from the work performance information. WPMs are an output of Control schedule, Control cost, and Control scope processes, which are monitoring and controlling processes. WPMs consist of planned versus actual performance indicators with respect to scope, schedule, and cost. They are documented and communicated to the stakeholders and are used to make project activity metrics, such as the following: Planned vs. Actual Technical performance and Scope performance Planned vs. Actual Schedule performance Planned vs. Actual Cost performance They are used as an input in generating the report performance process. Answer option B is incorrect. Change requests are requests to expand or reduce the project scope, modify policies, processes, plans, or procedures, modify costs or budgets or revise schedules. These requests for a change can be direct or indirect, externally or internally initiated, and legally or contractually imposed or optional. A Project Manager needs to ensure that only formally documented requested changes are processed and only approved change requests are implemented. It is an output of the report performance process.

• Question 46:

  Which of the following are the outputs to the Determine Budget process? Each correct answer represents a complete solution. Choose all that apply.

  A. Project document updates
  B. Scope baseline
  C. Cost performance baseline
  D. Project funding requirements
  A. Project document updates
  C. Cost performance baseline
  D. Project funding requirements

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  The outputs to the determine budget process are as follows: Cost performance baseline: The cost performance baseline is an authorized time-phased budget at completion. Project funding requirements:

  The project funding requirements are determined from total funding requirements and periodic funding requirements. Project document updates: The project document updates consists of risk register, cost estimates and project schedule.

  Answer option B is incorrect. Scope baseline is an input to the determine budget process.

• Question 47:

  You are the project manager of the NHQ project. Your project has a budget of $1,258456 and is scheduled to last for three years. Your project is currently forty percent complete though it should be forty-five percent complete. In order to reach this point of the project, you have spent $525,000. Management needs a performance report regarding the NHQ project. Management is concerned that this project will be over budget upon completion. Based on the current performance value what should you report to management regarding the variance at completion?

  A. -$21,618
  B. -$62,922
  C. Zero - you would not know what this will cost until the project is complete.
  D. -$54,044
  D. -$54,044

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  The variance at completion can be found by subtracting the estimate at completion from the budget at completion. In this instance, it is:

  Variance at completion = EAC - BAC

  = $1,258,456 - $1,312,500.

  = -$54,044

  Answer option C is incorrect. You can calculate the variance at completion. Answer option A is incorrect. This is the cost variance for the project. Answer option B is incorrect. This is the schedule variance for the project.

• Question 48:

  Alicia works as a project manager for NacTec project. She is undergoing the project monitoring phase in her project. Which of the following will she choose to accomplish the task? Each correct answer represents a complete solution. Choose all that apply.

  A. Reports
  B. Meetings
  C. Diaries
  D. Future planning
  A. Reports
  B. Meetings
  C. Diaries

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  Project monitoring should be worked out to verify all the working actions, including investments. Project monitoring helps the project staff to know how things are going, as well as giving early warnings of possible troubles and difficulties. The

  methods used in monitoring a project are as follows:

  1.Reports: Reports will help to identify the progress and problems easily and early. Reports must be completed in a standardized form at regular, predetermined intervals by all the team members. Reports should be short and brief.

  2.Diaries: It is a helpful way of recording information. 3.Finances: An understanding of the basic concepts of project fianance are important in making a project. Careful budgeting and planning will provide a great help in finance. 4.Meeting:

  There should be periodic meeting of team members to resolve the issues. This will help to monitor the problems easily and efficiently.

  Answer option D is incorrect. This is the information that is used for monitoring to be useful. It is not a monitoring method.

• Question 49:

  Tom works as the project manager for BlueWell Inc. He spends the majority of his time communicating with team members and the project stakeholders. Various communication skills are involved in the communication processes. Which communication skills are involved in this process? Each correct answer represents a part of the solution. Choose all that apply.

  A. Internal and External
  B. Vertical and Horizontal
  C. Confronting and problem solving
  D. Formal and Informal
  A. Internal and External
  B. Vertical and Horizontal
  D. Formal and Informal

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  These are some communication activities that Tom uses to communicate with the team and the stakeholders. Communications skills are part of general management skills and are used to exchange information. Communication has many dimensions: Written and oral, listening, and speaking Internal (within the project) and external (customer, the media, the public) Formal (reports, briefings) and informal (memos, ad hoc conversations) Vertical (up and down the organization) and horizontal (with peers) Communication is the most important skill that a project manager must posses. It is the single most important characteristics of a top-class project manager. Project managers must communicate well in order to integrate and maximize the performance of team members. Oral and written communications are the backbone of every successful project. During different phases of a project, a project manager requires to communicate through different manners (for example, documentation, meeting updates, etc.) and he must ensure that the information communicated is explicit, clear, and complete. Answer option C is incorrect. It is a technique to resolve conflict that arises while communicating with different parties.

• Question 50:

  Which of the following scheduling techniques identifies the successor activities and the predecessor activities to assist the project manager in sequencing the project work?

  A. Precedence Diagramming Method
  B. Schedule network template
  C. Dependency determination
  D. Activity on the Node
  A. Precedence Diagramming Method

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  The Precedence Diagramming Method uses both predecessors and successors as nodes in the project network diagram. The PDM approach is the most common network diagram approach used. Answer option C is incorrect. Dependency determination identifies the order of the project work. Answer option B is incorrect. The schedule network template is a tool that uses a previous project network diagram as a base for the current project network diagram. Answer option D is incorrect. Activity on the node places activities on circles within a network diagram. It is an example of the precedence diagramming method.