Project Management Professional (PMP) - Online Sample Test for Certification exam Preparation
You are currently on a 3-week vocation in Australia. You’ve decided to rent a car as your means of transport around the country. Driving in a foreign country can be potentially a risky activity as you are unfamiliar with the terrain. Hence, the probability of being involved in an accident is higher. As a project manager, you are aware of various techniques used to respond to understand risks. You would like to apply your risk management knowledge to reduce the risks associated with your driving. Which of the following is the BEST example of risk avoidance?
Accept the risk associated with driving
Be extra careful while driving defensively
Buying auto insurance
Avoid driving, use public transportation instead
Dennis works for an international manufacturer of consumer electronics. He has been recently assigned to supervise and manage the manufacturing of a new model of flat-screen televisions. His supervisor congratulates Dennis on his expanded responsibilities. He informs Dennis that his new assignment will have the 1000 units of the new flat screen manufactured by September. What of the following is true regarding Dennis’s new assignment?
His assignment cannot be considered a project since his flat-screen televisions are not a unique product for the company
His assignment cannot be considered a project since his assignment is to supervise the manufacturing of a new and unique line of products
His assignment cannot be considered a project since his project has no clear end-date
His assignment cannot be considered a project because this product line has never been manufactured by this company.
Schedule model data, which is an input of the schedule development process, includes all of the following EXCEPT:
Schedule milestones, schedule activities
Activity attributes, constraints and assumptions
You are in the process of identifying and documenting the project roles and responsibilities and create staffing management plan. All of the following are tools/ techniques you can use EXCEPT:
You are in the process project a project schedule for repainted your house, you first need to scrap off the existing paint, and then add a layer of primer. The primer provides the paint a better bonding surface so it sticks to the base material much better. Without priming, drywall surfaces will soak up more finish paint in some areas than in others, producing a splotchy effect. You decided to speed up the process by starting priming before all the scraping is finished. To correctly sequence these activities, which of the following should you do?
Add float time between the priming and painting tasks
Fast track the priming and painting tasks
Ad lag time to the priming task
Add lead time to the priming task
You are the project manager for the software company that develops stock analysis software. You have been assigned to develop a new technical analysis tools to forecast the price of stock given its historical volatility based on Elliot Wave techniques. You need to gather necessary information to write the project scope management plan. Which of the following tools/ techniques will NOT be useful for you in this process?
Project management plan
According to the PMI, which of the following are NOT true with regards to programs and projects?
Projects consists of one or more related programs
Programs often include elements of ongoing operations
Programs are groups of project managed together
Programs may involve a series of repetitive undertakings
Which of the following statements are true regarding the scope baseline for a project?
The scope baseline is an output of the create WBS process.
The scope baseline is an output of the scope verification process
The scope baseline is an input of the create WBS process
The scope baseline is an input of the scope verification process
The scope baseline is an input of the scope control process
You are the project manager for an information technology division of a large financial services firm in the United States. Your company offers a web based trading platform that provides options and futures trading for U.S commodities markets. Due to the rise in popularity of futures and options trading, your company has grown rapidly. In fact, due to rapid growth, the company’s I.T. infrastructure is unable to meet the growing demands. To keep up with the demands you have been assigned the responsibility of upgrading the company’s network and company’s infrastructure. You have been asked to calculate the payback period for the project that is to be completed in the next 24 months. The IRR of the project is 12% and the annual savings will be $2million. The total cost of project will be $6million dollars. The cost of capital used by the company during previous projects is 5%. What is the payback period for this project?
According to PMI, application areas are categories of projects that have common elements in the majority of project, but are NOT necessarily required or applicable to all projects. Application areas are NOT usually defined in terms of:
None of the choices are correct
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