Actualtests PMI-001 20090411.pdf

Exam:PMI-001 Title :Project Management Professional Ver :04-21-09PMI-001 A-The Power of Knowing QUESTION 1 Which of the following represents the BEST process to accomplish resource planning?A.Identifying the required resources in the project charter B.Identifying the available resources and allocate them to all activities in the current phase of the project.C.Identifying the required resources and allocate them to all project activities.D.Identifying the resources that performed past similar projects,and allocate them to all project activities E.None of the above Answer:C QUESTION 2 When preparing the probability distribution of cost outcomes for a project,what is the estimate with a 15%probability of being exceeded approximately one standard deviation _?A.Above the mean.B.Below the mean.C.Below the median.D.Above the median.Answer:A QUESTION 3 What would be the cost performance index if BCWP=350,ACWP=400,and BCWS=325?Note:Budgeted Cost of Work Performed(BCWP),Actual Cost of Work Performed(ACWP)and Budget Cost of Work Schedule(BCWS)A.0.813 B.1.078 C.1.143 D.0.875 Answer:D QUESTION 4 Which technique would you be using if you analyze which sequence of activities has the least amount of flexibility when you need to predict project duration?A.Critical path PMI-001 A-The Power of Knowing B.Dependency diagramming C.PERT D.Gantt chart E.Monte Carlo method Answer:A QUESTION 5 Taking the following table into account,where would corrective action be MOST effective when you make use of Paretos Rule?Origin of Problem Percent of Problems Design 60 Development 15 Prototype 10 Testing 10 Fabrication 5 A.Development B.Prototype C.Fabrication D.Design E.Testing Answer:D QUESTION 6 Which of the following describes Fast Tracking?A.Circumventing loopholes.B.Developing workarounds for previous problems.C.Increased project risk.D.Getting people to work longer hours in overtime.E.Meeting schedule objectives by adding resources.Answer:C QUESTION 7 Which of the following are included in cost control?(Choose all that apply.)A.Informing stakeholders of changes.B.Preparing cost estimates.C.Recording appropriate changes to the cost baseline.PMI-001 A-The Power of Knowing D.Monitoring cost performance.Answer:A,C,D QUESTION 8 Which of the following statements depicts the key difference between contract close-out and administrative closure?A.Contract close-out formalizes project completion.B.Contract close-out includes product verification.C.Contract close-out includes updating records with final results.D.Administrative closure includes procurement audits.E.None of the above.Answer:B QUESTION 9 Which of the following factors are NOT included in cost control?A.Preparation of cost estimates.B.Informing stakeholders of changes.C.Monitoring cost performance.D.Recording appropriate changes to the cost baseline.Answer:A QUESTION 10 Where does comparing actual to baseline schedules,examining the statement of work,understanding cost overruns,and assessing risk all occur?A.Stakeholder meeting.B.Resource leveling activity.C.Project audit.D.Contract negotiation.Answer:C QUESTION 11 Which of the following is illustrated by a resource histogram?A.The expected requirements for critical path activities.B.The expected resource usage by time period.C.The resource assignments by work package.D.The resource assignments by activities.E.All of the above.PMI-001 A-The Power of Knowing Answer:B QUESTION 12 The Cost of quality project management concept includes _?A.The costs involved when changes are made to the requirements B.The costs of ensuring that requirements are conformed to.C.The costs incurred when requirements are exceeded.D.The costs involved with quality control requirements.Answer:B QUESTION 13 Consider the following situation:The customer was given a monthly report that indicates zero schedule variance.One of the teams members are aware of at least one milestone that has not been achieved.This missed milestone will result in an overall delay in the project.Which of the following items were not reported on adequately?A.Critical path status B.Risk analysis C.Communication plan variance D.Resource management plan E.All of the above Answer:A QUESTION 14 Which of the following is NOT an indirect cost?A.Insurance costs.B.Payroll tax cost.C.Subcontract costs.D.Accounting support costs.Answer:C QUESTION 15 Which of the following represents a consequence to the project in the event of a resource being added to the project team during execution?A.Shorter project completion schedule.B.An indeterminable effect.C.A requirement for a scope change.D.An increase in project quality.PMI-001 A-The Power of Knowing Answer:B QUESTION 16 Which of the following statements BEST describes what project progress reports are?A.It is used to predict future status and progress.B.The project sponsor makes the most use of it.C.It is an important communications element.D.It is needed on a weekly basis.Answer:C QUESTION 17 Which of the following requires an expenditure of the resources when working within an arrow diagramming method?A.Histograms.B.Accounting support costs.C.Pareto diagram.D.Milestone events.E.Path activities.Answer:B QUESTION 18 What does a benefit-cost ratio of 3.22 indicate?A.A profit of s3.22 per unit produced.B.A payback of s3.22 for each dollar expended.C.The percentage of resources assigned to other tasks on the critical path.D.The gold plating result.E.A profit of s3.22 for each dollar expended.Answer:B QUESTION 19 Which of the following is NOT included in activity duration estimated?A.Project team knowledge.B.Commercial duration databases.C.Time studies.D.Information from previous experience.E.None of the above.PMI-001 A-The Power of Knowing Answer:C QUESTION 20 What is the job title of the person who is primarily responsible for the quality of deliverables?A.The quality control inspector.B.The quality controller.C.The design engineer.D.The project manager.E.The quality manager.Answer:D QUESTION 21 Which of the following is NOT an essential regarding a project close-out?A.Documenting formal acceptance of the product.B.Documenting the final risk assessment.C.Documenting the lessons learned.D.Documenting the final project scope E.None of the above.Answer:B QUESTION 22 Which of the following is the distinguishing characteristic between the network diagram and the Gantt chart?A.Few resources B.Key milestones C.Critical dates D.Critical dependencies Answer:D QUESTION 23 Which of the following are indicative of duration estimates?A.How many hours a resource will work on an activity.B.When an activity is expected to start.C.How many work periods an activity is expected to last.D.When an activity is expected to finish.Answer:C PMI-001 A-The Power of Knowing QUESTION 24 Certain resources have been added to tasks on the critical path so as to reduce the project duration.As a result the plan should then be reviewed for the:A.Possible lag time on other paths.B.Resource assigned to other tasks on the critical path.C.The most time consuming task remaining in the plan.D.Emergence of a new critical path.Answer:D QUESTION 25 Under which of the following circumstances would project management is the NOT be the preferred management approach?A.Cross functional tasks.B.Unique operations.C.Product manufacturing environment.D.Time-constrained deliverables.Answer:C QUESTION 26 Which of the following should be done by the project manager upon completion of the project?A.Planning a turnover meeting.B.Obtaining a sign-off from the customer.C.Team celebration.D.Project evaluation.E.Performance evaluation of team members.Answer:B QUESTION 27 Which of the following is the MAIN reason for including incentive clauses in a contract?A.Reducing costs to the buyer.B.Controlling contractor costs.C.Aligning contractor and buyer goals.D.Reducing production costs.E.Reducing contractor risk.Answer:C PMI-001 A-The Power of Knowing QUESTION 28 In which of the following circumstances is it BEST to make use of the project management approach?(Choose all that apply.)A.Cross functional tasks.B.Unique operations.C.Product manufacturing environment.D.Time-constrained deliverables.E.Production-line environment.Answer:A,B,D QUESTION 29 Which of the following represents the pinnacle of Maslows hierarchy of needs?A.Survival.B.Self-actualization.C.Safety.D.Esteem.E.Physiological satisfaction.Answer:B QUESTION 30 Which of the following represents the final task during project close-out?A.Reassignment of team member.B.Verification that contractual obligations were met.C.Transferring the deliverables to the client.D.Completion of performance/lessons-learned records.Answer:C QUESTION 31 Which of the following items is required when developing a detailed project cost estimate?A.Project character B.Management plan C.Cost plan D.Resource requirements Answer:D PMI-001 A-The Power of Knowing QUESTION 32 Which of the following can be used to measure overall project performance?A.A work breakdown structure.B.A Gantt chart.C.An earned value chart.D.A PERT chart.E.A flow chart.Answer:C QUESTION 33 Which of the following represents the base point of Maslows hierarchy of needs?A.Safety.B.Physiological satisfaction.C.Esteem.D.Survival.E.Self-actualization.Answer:B QUESTION 34 How many ADDITIONAL lines of communication will be created when the number of team members involved during the project increases from five to ten?A.10 B.35 C.45 D.50 E.55 Answer:B QUESTION 35 Management usually determines the costs and schedule for a project.Given this constraint,which of the following steps would be unnecessary?A.Inform management of the consequences.B.Negotiate scope.C.Accept is with no prior action.D.Perform risk assessment.E.All of the above.Answer:C PMI-001 A-The Power of Knowing QUESTION 36 In an ideal situation resource leveling should be limited to activities with_?A.With zero float time.B.With negative float time.C.With positive float time.D.With critical float time E.On the critical path.Answer:C QUESTION 37 Which of the following represents an example of developing alternative activity sequences?A.Rolling wave.B.Contingency planning C.Risk aversion D.Rework.E.All of the above Answer:B QUESTION 38 Which of the following statements BEST describes an Estimate At Completion(EAC)?A.It is a periodic evaluation of total value of work performed to date.B.It is a periodic evaluation of total cost of the unfinished work.C.It is a periodic evaluation of total resources projected at project complain.D.It is a periodic evaluation of total forecasted project cost.Answer:D QUESTION 39 Which of the following concepts are associated with the Cost of Quality in project management?(Choose all that apply)A.Appraisal costs B.Management costs C.Prevention costs D.Failure costs E.Planning costs Answer:A,C,D PMI-001 A-The Power of Knowing QUESTION 40 Which of the following scheduling techniques incorporates a form of risk assessment?A.Arrow Diagramming Method(ADM)B.Precedence Diagramming Method(PDM)C.Critical Path Method(CPM)D.Program evaluation and Review Technique(PERT)E.All of the above Answer:D QUESTION 41 Which of the following is NOT a source selection tool or technique?A.Organizational policies B.A weighting system.C.A screening system.D.Independent estimates.Answer:A QUESTION 42 In which of the following situations would the PERT method be applied most?A.When little experience exists on which to base estimated of activity duration.B.When knowledge of the interrelationships of activities are crucial.C.When there is limited knowledge regarding the cost estimation related to the project.D.When resource requirements are well defined.Answer:A QUESTION 43 What should you as the project manager do in the event of reduced funding on your project?A.Perform detailed financial analysis and renegotiate for adequate funding.B.Only do as much work as the new budget permits and document actions taken.C.Inform in customer that the project will be delayed an adjust resources accordingly.D.Inform the customer of impacts and negotiate a change in scope.E.Abandon the project until funds are made available.Answer:D QUESTION 44 Consider the following scenario:the contract is a fixed price/lump sum contract.PMI-001 A-The Power of Knowing The change control procedure in place states that written authorization for all changes is required.You noticed that there is a 200%budget overrun due to one of the project team members verbally instructing a supplier to perform work outside of its contracted scope of work.How would you as the project manager address this project team member for the apparent disregard for following directions?What conflict resolution style will you employ?A.Compromising B.Problem-solving C.Forcing D.Smoothing E.Withdrawal Answer:B QUESTION 45 Which of the following are indirect costs?(Choose all that apply)A.Insurance costs.B.Payroll tax cost.C.Subcontract costs.D.Accounting support costs.Answer:A,B,D QUESTION 46 Which of the following is neither a tool nor a technique for source selection?A.Independent estimates.B.A weighting system.C.A screening system.D.Organizational policies E.None of the above.Answer:D QUESTION 47 Which of the following are the essentials regarding a project close-out?(Choose all that apply.)A.Documenting formal acceptance of the product.B.Documenting the final risk assessment.C.Documenting the final project scope.D.Documenting the lessons learned.E.All of the above.PMI-001 A-The Power of Knowing Answer:A,C,D QUESTION 48 Team motivation,problem resolution,and space verification occurs during _?A.The initiation phase.B.The close-out phase.C.The planning phase.D.The execution phase.E.None of the above.Answer:D QUESTION 49 What happens if the level of conformance directly increases as a consequence of new processes?A.Required monitoring cost should be more predictable.B.Required monitoring cost should stay the same.C.Required monitoring cost should decrease.D.Required monitoring cost should increase.Answer:C QUESTION 50 Which of the following represents the MOST important criterion when making a selection for a project manager for a project with a large scale in a technical industry?A.Specific technical specialization.B.Expertise and qualifications in relevant industrial field C.Financial management experience.D.Communication and integration skills.E.Industry and business experience.Answer:D QUESTION 51 You are approached by the company where you have been working for a considerable length of time to manage an existing project.However you are not familiar with the area in which this project is occurring.There is a Project Management Plan in place and the baseline change thresholds have not been exceeded.The current status of the project does not please the customer.What would your first action be?PMI-001 A-The Power of Knowing A.Conducting team-building exercises with all stakeholders.B.Identifying critical float time.C.Verification of the customers needs and expectations.D.Verification that the change control system is operatin