PMP Test Prep Quiz
These questions will help you prepare for and pass your upcoming PMP exam!
- 1.
Regarding management and leadership all of the following are true except
- A.
Technical leadership takes precedence over business objectives in project management
- B.
On a project, particularly a larger project, the project manager is generally expected to be the project's leader as well
- C.
Leading involves establishing direction, aligning people, motivating and inspiring
- D.
Managing is primarily concerned with consistently producing key results expected by stakeholders
Correct Answer
A. Technical leadership takes precedence over business objectives in project managementExplanation
As a project manager, it is your responsibility to balance technical vs. business priorities and objectivesRate this question:
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- 2.
Which of the following is a tool used to secure expert judgment?
- A.
Subject Matter Expert Committee
- B.
Delphi technique
- C.
Brainstorming
- D.
Work Breakdown Structure (WBS)
Correct Answer
B. DelpHi techniqueExplanation
The ‘Delphi technique’ is a commonly used tool to secure expert judgment by asking experts to answer questionnaires and provide feedback anonymously.Rate this question:
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- 3.
Which of the following is the sequence of phases for any project?
- A.
Initiating, Planning, Controlling, Executing, Closing
- B.
Planning, Initiating, Controlling, Executing, Closing
- C.
Planning, Initiating, Executing, Controlling, Closing
- D.
Initiating, Planning, Executing, Controlling, Closing
Correct Answer
D. Initiating, Planning, Executing, Controlling, ClosingExplanation
PMBOK Ed. 4, Ch. 1, Pg. 6Rate this question:
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- 4.
Estimating activity duration and resources is done during which phase?
- A.
Initiating
- B.
Planning, Initiating, Controlling, Executing, Closing
- C.
Executing
- D.
Controlling
Correct Answer
B. Planning, Initiating, Controlling, Executing, ClosingExplanation
PMBOK Ed. 4, Ch. 6, Pg. 146Rate this question:
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- 5.
Pareto diagrams are based on what ratio?
- A.
50/50
- B.
60/40
- C.
70/30
- D.
80/20
Correct Answer
D. 80/20Explanation
The 80/20 ratio believes that 80% of the problems are due to 20% of the causesRate this question:
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- 6.
You are the project manager for a seminar and training session that approximately 2,000-2500 employees will be attending. You have rented a hall for the seminar; however, you are unsure exactly how many people will attend. Moreover, the number of tables required will change depending on attendance. The cost of the furniture should be considered?
- A.
Variable Cost
- B.
Fixed Cost
- C.
Indirect Cost
- D.
Overhead Cost
Correct Answer
A. Variable CostExplanation
It is variable since the cost varies with the number of attendeesRate this question:
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- 7.
Which of the following should happen for successful team development?
- A.
Team Building Exercises
- B.
Organizational development
- C.
Conflict Management
- D.
Individual Development
Correct Answer
D. Individual DevelopmentExplanation
In order to have a successful team, each member must learn and contributeRate this question:
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- 8.
During execution of a project, an identified risk event occurs that results in additional cost and time. The project had accounted for contingency and management reserves. Which should be used?
- A.
Contingency reserves
- B.
Collateral risks
- C.
Management reserves
- D.
Secondary risks
Correct Answer
A. Contingency reservesExplanation
The question is about correct accounting for risk events that occur and updating the reserves.
Reserves are meant for making provisions in cost and schedule, to accommodate for consequences of risk events.
Risk events are classified as “unknown unknowns” or “known unknowns”, where “unknown unknowns” are risks that were are not identified and accounted for, while “known unknowns” are risks that were identified and provisions were made for them.
Provisions for “unknown unknowns” are in management reserves while those for “known unknowns” are accommodated in contingency reserves. Management reserves are at the discretion of senior management whileRate this question:
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- 9.
Which one of the following is the last step of project closing?
- A.
Client has accepted the product
- B.
Lessons learned are documented
- C.
Project closing party
- D.
Archives are complete
Correct Answer
D. Archives are completeExplanation
Archiving means the documents are complete after the project tasks are complete and acceptedRate this question:
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- 10.
A project manager performs Earned Value Analysis and finds the following values: EV: 150,000; PV: 200,000; AC: 150,000
- A.
The project is behind schedule but on budget.
- B.
The project is on schedule and on budget.
- C.
The project is on schedule but costs exceed budget.
- D.
Then project is behind schedule and costs exceed budget.
Correct Answer
A. The project is behind schedule but on budget.Explanation
The planned value is greater than the actual cost and the earned value therefore at this point less work has been completed but within budget.Rate this question:
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- 11.
A project is under budget when Cost Performance Index is
- A.
CPI > 1.
- B.
CPI < 1.
- C.
CPI = 0.
- D.
CPI=1
Correct Answer
A. CPI > 1.Explanation
CPI is the ratio of performance over cost, therefore if the CPI is greater than one then performance is outpacing cost.Rate this question:
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- 12.
The completion of a project phase is known as a
- A.
Kill point
- B.
Archive station
- C.
Scope creep
- D.
Quality metrics
Correct Answer
A. Kill pointExplanation
Kill points are synonymous to phase exits, decision gates, and milestones.Rate this question:
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- 13.
All of the following are contract types except:
- A.
Unit-price.
- B.
Build-or-buy.
- C.
Cost reimbursable.
- D.
Fixed-fee
Correct Answer
B. Build-or-buy.Explanation
Build-or-buy is a feasibility analysis on whether the product should be build in-house or bought off the shelfRate this question:
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- 14.
Project initiation include all of the following inputs except:
- A.
Product description.
- B.
Strategic plan.
- C.
Project charter.
- D.
Selection criteria.
Correct Answer
C. Project charter.Explanation
The Project Charter is the output of the initiation phase.Rate this question:
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- 15.
Which is true of the following statements concerning contract types?
- A.
A fixed price contract contains the most risk for the buyer.
- B.
Cost reimbursable contracts offer sellers the highest profit potential.
- C.
Fixed-fee contracts offer sellers the greatest profit potential.
- D.
Unit price contracts are illegal in many jurisdictions.
Correct Answer
C. Fixed-fee contracts offer sellers the greatest profit potential.Explanation
Fixed price contracts give the seller an incentive to complete the work using less effort or time since they will receive the same amount of money regardlessRate this question:
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- 16.
At XYZ Inc., the hourly wage for semi-skilled workers is $12.00. The annual audit shows that fringe benefits cost 30% of basic wages, and that overhead costs are 70% of wages plus fringe benefits. What is the "loaded" hourly wage for a semi-skilled worker at XYZ Inc.?
- A.
$27.14
- B.
$27.96
- C.
$31.03
- D.
$26.52
Correct Answer
D. $26.52Explanation
$12.00*1.3*1.7Rate this question:
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- 17.
Which of the following is not the feature of a project?
- A.
Constrained by limited resources
- B.
Planned, executed and controlled
- C.
Creates unique product or service
- D.
Is Ongoing
Correct Answer
D. Is OngoingExplanation
5/19/20115/19/2011Rate this question:
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- 18.
Reviews at the end of a phase are known as:
- A.
Decision Gates
- B.
Kill Points
- C.
Stage Gates
- D.
All the above
Correct Answer
D. All the aboveExplanation
Kill points, stage gates, phase exits, decision gates, and milestones are all synonymous.Rate this question:
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- 19.
A document called ____________ is created by decomposing the project scope into smaller, more manageable elements.
- A.
Statement of Work
- B.
Network Logic Diagram
- C.
Work Breakdown Structure
- D.
Change Control
Correct Answer
C. Work Breakdown StructureExplanation
The Work Breakdown Structure decomposes the project into smaller, more detailed tasks.Rate this question:
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- 20.
What does the acronym RACI commonly stand for in project management?
- A.
Responsible, Accountable, Consult, Inform
- B.
Remote, Attached, Connected, Integrate
- C.
Risk Analysis and Caution Initiative
- D.
Randomly Accessible Cash flow Information
Correct Answer
A. Responsible, Accountable, Consult, InformExplanation
Used to create a Responsibility Assignment Matrix (RAM)Rate this question:
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Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
-
Aug 12, 2024Quiz Edited by
ProProfs Editorial Team -
May 19, 2011Quiz Created by
Ktrapani
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