PMP Closing Project Practice Exam Preparation

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 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 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 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 Consider the following scenario: the contract is a fixed price/lump sum contract. 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 Which of the following would you use in risk identification due to it allowing a systemic evaluation of the work? A. Conference chart B. Design specification C. Work breakdown structure. D. Project slow chart E. Project chart Answer: C Which of the following items would be the most important aspect to communicate in an introductory meeting where the prime construction contractor in a renovation project withdrew during early construction and a new contractor was chosen and new crews reported to the job? A. Introducing the team members and the communications exchange. B. Establishing authority as the manager in charge. C. Ensuring that all crew members are cognizant of the line of command. D. Identifying the project goals and objectives. E. Outlining behavior and performance rules to the crew. Answer: D As the project manager, which of the following techniques would you employ to control the project schedule? A. Pareto diagram. B. Statistical sampling. C. Performance measurement D. Parametric modeling. E. All of the above. Answer: C Following are various outputs. Which output is a consequence of project plan execution? A. The work breakdown structure. B. The project character. C. The change requests. D. The responsibility assignment matrix. Answer: C You are conducting a status meeting and monitoring your risk register when you discover a risk that remains even after you implement all of your response strategies. What kind of risk is this and what should you do about it? A. It's a residual risk. You don't need to plan a response strategy for it because you've already implemented all of the risk responses you can plan for. B. It's a secondary risk. You don't need to worry about it. C. It's a contingency reserve. You should only use it if the first risk occurs. D. It's a residual risk. You need to plan a response strategy for it. Answer: A You are managing a project with 23 team members and six key stakeholders. Two team members identify a problem with the current approach. Addressing that problem will require changes to the project plan and its subsidiary plans. One of the stakeholders previously indicated that any delays are unacceptable, and your team members tell you that it's possible the change could cause the team to miss at least one critical deadline What is the BEST way to deal with this situation? A. Gather consensus among the team that you should make the change before approaching the stakeholders, so that they can see the team supports making the change. B. Deny the change because any delays are unacceptable. C. Analyze the impact that the change will have on the work to be done, the schedule and the budget. D. Make the change to the project plan and subsidiary plans, and ask the team to implement the change. Answer: C As you complete each deliverable for your project, you check that it is correct along with your stakeholders and sponsors. Which process are you performing? A. Scope Control B. Activity Definition C. Scope Definition D. Scope Verification Answer: D The project charter is typically approved by the project sponsor, although some charters can be approved by key stakeholders instead. Which of the following BEST describes the role of the project sponsor on the project? A. The sponsor verifies that all of the work was completed B. The sponsor negotiates all contracts C. The sponsor provides funding for the project D. The sponsor manages the project Answer: C Which is the BEST description of project scope? A. All of the features and deliverables your project will deliver B. All of the products your project will make C. All of the people involved in your project D. All of the work you will do to build the product Answer: D There are 17 people on a project. How many lines of communication are there? A. 68 B. 136 C. 112 D. 105 Answer: B You are managing an accounting project when a new CFO is hired at your company He'll be affected by all accounting projects in your company. What's the BEST thing for you to do? A. Work with him to understand the current requirements and determine if he has new ones to add to the project. B. Keep working on the project and get his feedback when he can review the finished product. C. Show him the Project Charter so that he knows that you are in charge of the project. D. Add him to the communications plan. Answer: A Complete the following sentence: "The later a defect is found, __________." A. the more expensive it is to repair B. the easier it is to find C. the less important it is to the product D. the faster it is to repair Answer: A A request, demand or assertion of a contract partner for consideration, compensation or payment under a legally binding contract, such as a disputed change, is often referred to as a99 A. Refinement B. Trial C. Audit D. Claim Answer: D You identified a technical risk in your project and assigned a contingency for that. Planning contingency reserves is part of what risk response strategy? A. Passive risk acceptance B. Active risk acceptance C. Active risk mitigation D. Passive risk avoidance Answer: B A project underwent a major Scope change, which increased cost and work levels. What does this mean for Earned value data? A. As baselines should generally not be adjusted, the project is due to exceed its budget from now on. B. There are several reasons to change a baseline, but not scope changes. The project will exceed its budget. C. The cost baseline will be updated and the new baseline will be the basis for future earned value analysis. D. Earned value analysis becomes useless after a scopechange, the technique should not be used any more. Answer: C Which of the following is NOT typically found in a project charter? A. Project requirements B. Authorization for a project manager to work on a project C. Work packages decomposed into activities D. An initial set of schedule milestones Answer: C Which of the following is NOT an output of the Close Project process? A. Project files B. Project closure documents C. Project management methodology D. Formal acceptance documentation Answer: C You are managing a construction project to install wiring in an office building. You discover that one of your team members has taken a box of cable from the job site so he can wire his attic. What is the BEST way to respond? A. Report the team member to PMI B. Call the police C. Report the team member to your manager D. Do nothing Answer: B You're managing a construction project to install several hundred air conditioner panels in a new office building. Every floor has identical panels. The customer, a construction contracting company, has provided specifications for the installations. The team is using a process to install and verify each panel. As the team completes each panel, your team's quality control inspector measures it and identifies defects. The root cause of each defect is identified. You want to identify the ongoing trends of defective installations. Which is the BEST tool to use for this? A. Run chart B. Pareto chart C. Control chart D. Fishbone diagram Answer: A