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

1. Which of the following statements are true regarding the risk break down structure?

2. 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?

3. 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:

4. Which of the following are not tools/techniques of the develop project charter process?

5. Which of the following statements are true regarding project endings?

6. 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?

7. Which of the following statements are false regarding the records management system?

8. According to the PMI, which of the following are NOT true with regards to programs and projects?

9. Contract documentation are an input to the contract closure process. Which of the following are NOT included as part of the contract documentation?

10. 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:

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