Project Management Professional (PMP) - Online Sample Test for Certification exam Preparation

1. 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?

2. 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:

3. You have been recently been assigned to provide an accurate project schedule for constructing a new 50-story casino, in Las Vegas, Nevada. You are evaluating the network diagram for the construction project, and are using the forward pass calculations to construct the schedule. You are trying to calculate the earliest start time for laying the foundation of the building. The expected duration for this task is 150 days. The task must be completed within 300 days, while the expected completion is within 220 days. The latest finish time is 200 days. Based on this information, what is the earliest start time of this task?

4. Which of the following statements are true regarding the scope baseline for a project?

5. You are the project manager at Day-Old donuts a rapidly growing franchise selling premium donuts at a discount. Currently, your company is planning on opening additional stores throughout Europe. Your company is evaluating different areas for expansion including France, Germany and England. You need to give the presentation to the steering committee to discuss which areas provide the best opportunities for expansion. For each of the three locations, you have been asked to determine the discount rate at which the present value of future cash flows of an investment equal to the cost of investment. What is this considered?

6. Fragment network area term used in reference with which of the following?

7. Which of the following process is involved with the completion and settlement of the contract?

8. 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?

9. Which of the following statement are FALSE regarding the probability impact matrix technique?

10. The risk register is initiated in the Risk Identification process and further updated in the Qualitative Risk analysis and Quantitative Risk analysis processes. Which of the following are NOT risk register updates as part of the Quantitative Risk Analysis process?

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