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

1. Which of the following are not inputs to the develop preliminary project scope statement?

a. Organizational process assets

b. Enterprise environmental factors

c. WBS

d. Project charter

e. Project statement of work

2. You are a project manager at for an information technology division of a large financial brokerage in the United States. Due to new regulatory requirements enacted by Sarbanes-Oxley you have been assigned to audit all I.T. systems to ensure compliance. You need to ensure that all data in the data base in encrypted to ensure confidentially. You need to ensure that all users are properly authenticated. You also need to verify that authorization to confidential financial information follows the least-privilege principle. The deadline to ensure compliance with Sarbanes-Oxley regulations is within 180 days. Failing to complete the result in 180 days will result in the significant fines to your organization. You have been given a budget of $2 million dollars. Due to the overall budget cuts this year, you have been told that budget is fixed and cannot be increased by $1000 dollars. Which is the primary constraint for this project?

a. Schedule

b. Budget

c. Scope

d. Quality

3. 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?

a. 2 years

b. 3 years

c. 4.5 years

d. 5.5 years

e. 4 years

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

a. Opportunities and threats should not be evaluated in the same matrix concurrently

b. The probability impact matrix is a tool/ technique of the quantitative risk analysis process

c. Either descriptive terms or numeric rankings can be used to assign risk rankings to identified risks

d. An organization can rate a risk separately for each objective (i.e. cost, time, scope)

e. The probability impact matrix specifies combinations of probability and impact that rank the risk as high, moderate and low priority

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

a. A records management system defines the process by which the contract can be modified

b. A records management system is a tool/ technique of contract administration and contract closure

c. A records management system is used to manage contract documentation and records

d. A records management system maintains an index of contract documents and correspondence

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

a. Integration occurs when a project evolves into ongoing operations

b. Extinction occurs when resources are removed from the project, such as due to funding/ resource cuts

c. None of the choices are correct

d. Addition occurs when the resources (personnel, equipment, property, etc) of the project are reassigned to other areas within the organization or other projects

e. Completion occurs when the project end because it was completed successfully and accepted by stakeholders

7. Projects are typically authorized as a result of one or more of the following needs:

a. Technological advance

b. Marketing needs

c. All of the choices are correct

d. Business needs

e. Legal requirements

8. Schedule model data, which is an input of the schedule development process, includes all of the following EXCEPT:

a. Schedule milestones, schedule activities

b. Contingency reserves

c. Alternative schedules

d. Activity attributes, constraints and assumptions

e. Risk register

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

a. expert judgment

b. PMIS

c. Project management methodologies

d. Project selection methods

e. Stakeholder analysis

10. Which of the following is an estimating technique that uses a statistical relationship between historical data and other variables to calculate an estimate for activity parameters such as duration and cost?

a. Bottom-up estimates

b. Influence diagrams

c. SWOT analysis

d. Analogous estimating

e. Parametric estimating