Set of flashcards PMP Questions

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Students	24
Language	English
Category	Micro-Economics
Level	Other
Created / Updated	12.08.2013 / 06.06.2025
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A project manager is using the earned value reporting method to manage his project. Thefollowing table shows the data collected to date. The plan is for the project to be complete aftereight weeks. The earned value report shows data collected for the first four weeks of the project. The figure shown in the table are cumulative. Week PV AC EV 1 1,000 1,000 1,000 2 3,000 2,000 2,500 3 5,000 5,000 6,000 4 7,000 9,000 7,000 5 13,000 6 17,000 7 19,000 8 20,000 86. During week 5 it is found that some of the work that was reported complete in week 2was considered unacceptable. It will require $500 to fix the problem and make this workacceptable. The work is scheduled to be done in week 6. No other work is reported to becomplete during week 5. What is the EV for week 5?

a. 7,000

b. 6,500

c. 9,000

d. 5,000

a. 7,000

b. 6,500

c. 9,000

d. 5,000

A project manager is using the earned value reporting method to manage his project. Thefollowing table shows the data collected to date. The plan is for the project to be complete aftereight weeks. The earned value report shows data collected for the first four weeks of the project. The figure shown in the table are cumulative. Week PV AC EV 1 1,000 1,000 1,000 2 3,000 2,000 2,500 3 5,000 5,000 6,000 4 7,000 9,000 7,000 5 13,000 6 17,000 7 19,000 8 20,000 87. What is the cost variance for week 4?

a. 0

b. -2,000

c. 2,000

d.7,000

a. 0

b. -2,000

c. 2,000

d.7,000

A project manager is using the earned value reporting method to manage his project. Thefollowing table shows the data collected to date. The plan is for the project to be complete aftereight weeks. The earned value report shows data collected for the first four weeks of the project. The figure shown in the table are cumulative. Week PV AC EV 1 1,000 1,000 1,000 2 3,000 2,000 2,500 3 5,000 5,000 6,000 4 7,000 9,000 7,000 5 13,000 6 17,000 7 19,000 8 20,000 88. What is the schedule variance in week 2?

a. 500

b. 1,000

c. -500

d. -1,000

a. 500

b. 1,000

c. -500

d. -1,000

A project manager is using the earned value reporting method to manage his project. Thefollowing table shows the data collected to date. The plan is for the project to be complete aftereight weeks. The earned value report shows data collected for the first four weeks of the project. The figure shown in the table are cumulative. Week PV AC EV 1 1,000 1,000 1,000 2 3,000 2,000 2,500 3 5,000 5,000 6,000 4 7,000 9,000 7,000 5 13,000 6 17,000 7 19,000 8 20,000 89. What is the EAC at week 4?

a. 20,000

b. 15,555

c. 25,740

d. 17,717

a. 20,000

b. 15,555

c. 25,740

d. 17,717

90. The calculation of the EAC assumes that:

a. The schedule performance index will remain the same for the remaining part of theproject

b. The cost performance index will remain the same for the remaining part of the project

c. The BAC will be different by the end of the project

d. The EAC will continuously increase for the remaining portion of the project

a. The schedule performance index will remain the same for the remaining part of theproject

b. The cost performance index will remain the same for the remaining part of the project

c. The BAC will be different by the end of the project

d. The EAC will continuously increase for the remaining portion of the project

91. What factors need to be known in order to be able to calculate the ETC?

a. Budget at completion, actual cost, and planned value

b. Budget at completion, earned value, and actual cost

c. Estimate at completion and planned value

d. Estimate at completion and actual cost

a. Budget at completion, actual cost, and planned value

b. Budget at completion, earned value, and actual cost

c. Estimate at completion and planned value

d. Estimate at completion and actual cost

92. A construction company is being measured by the earned value reporting method.During the project one of the tasks, installing ten elm trees, was completed. The plannedvalue for this task was $4,000, and it was completed two weeks ago. Unfortunately forthe contractor, maple trees should have been planted. The customer insists that maple trees be planted and that the elm trees be removed. As of this time the elm trees are stillin the ground, but the contractor has agreed to do the work of replacing them. Whataction should be taken on the earned value report?

a. Reduce PV by $4,000

b. Reduce AV by $4,000

c. Reduce EV by $4,000

d. Make no changes since the vendor has agreed to fix the problem

a. Reduce PV by $4,000

b. Reduce AV by $4,000

c. Reduce EV by $4,000

d. Make no changes since the vendor has agreed to fix the problem

93. Learning curve theory emphasize that in producing many goods:

a. Cost decreases as production rates increase

b. Average unit cost decreases as more units are produces

c. Materials become cheaper when they are purchased in bulk

d. Laborers become more productive because of technological advances

a. Cost decreases as production rates increase

b. Average unit cost decreases as more units are produces

c. Materials become cheaper when they are purchased in bulk

d. Laborers become more productive because of technological advances

94. A project manager is considering applying learning curve theory to his project. Theproject involves designing a number of software modules that are very similar. Accordingto the cost figures that have been collected the first unit required 100 person-hours todesign and test. The second unit required 90 person-hours to design and test. Howmany person-hours will the eighth module take to design and test?

a. 90

b. 100

c. 73

d. 172

a. 90

b. 100

c. 73

d. 172

95. The process required to ensure that the project will satisfy the needs for which it wasundertaken include all activities of the overall management function that determines thequality policy, objectives, and responsibilities and implements them by means such asquality planning, quality control, quality assurance, and quality improvement, within thequality system. This is called:

a. Quality assurance

b. Quality control

c. Quality planning

d. Quality management

a. Quality assurance

b. Quality control

c. Quality planning

d. Quality management

96. Decisions as to the types of projects that should be accomplished and strategic plans asto the quality of the projects that are required should be the decision of which of thefollowing?

a. Project manager

b. Procurement manager

c. Upper management

d. Stakeholders

a. Project manager

b. Procurement manager

c. Upper management

d. Stakeholders

97. According to Deming and Juran most of the quality problems that exist are due to adefect or failure in processes that are controlled by:

a. The project manager

b. The procurement manager

c. Upper management

d. Stakeholders

a. The project manager

b. The procurement manager

c. Upper management

d. Stakeholders

98. A project manager is managing a large project and must consider the application of aquality management plan. One of the critical factors in such a plan is the cost ofimplementing the plan. The project manager should:

a. Invoice the client for all quality improvements

b. Implement the highest quality possible regardless of cost

c. Implement quality improvements as long as the benefits outweigh the costs

d. Rely on upper management to determine the quality budget

a. Invoice the client for all quality improvements

b. Implement the highest quality possible regardless of cost

c. Implement quality improvements as long as the benefits outweigh the costs

d. Rely on upper management to determine the quality budget

99. A project manager has discovered a problem and is trying to determine the cause. Theprocess whereby he identifies the variables that have the most influence on the projectby holding all the variables constant and changing one at a time is called:

a. Product correlation

b. Design of an experiment

c. System integration

d. Output processing

a. Product correlation

b. Design of an experiment

c. System integration

d. Output processing

100. A control chart is being used to control a manufacturing process. As part of the control asample of five parts is taken from the manufacturing process each hour of operation.Each of the five parts is measured and the dimension is recorded on the work sheet. Thedifference between the highest and lowest measured dimension of the five parts isplotted on the control chart. This is called which of the following values?

a. R

b. R bar

c. X

d. X bar

a. R

b. R bar

c. X

d. X bar

1. You are a project manager working on a project to market a new product. The deliverables of the project have been established, and the project work has begun. A contract to deliver the deliverables has been signed. The customer who has signed the contract has telephoned you to request additional work to be done on the project. This work will affect the budget but not the schedule of the project. This project has a high priority with your company. What should you so next?

a. Do what the customer asks you to do and add the additional requirements to the original contract

b. Refuse the request and send a memo to your management explaining the situation

c. Respond to the customer’s request by explaining the change procedure and askingthat he or she submit a request for change

d. Arrange to meet with the project team to discuss this change

Keyboard commands:

= turn,

= for-/backward,

= scroll

a. Do what the customer asks you to do and add the additional requirements to the original contract

b. Refuse the request and send a memo to your management explaining the situation

c. Respond to the customer’s request by explaining the change procedure and askingthat he or she submit a request for change

d. Arrange to meet with the project team to discuss this change

2. You are the project manager for a high visibility project. The margin on this project is low,and it is extremely important that the cost estimates for the work on the project be accurate. While reviewing the cost estimates for this project you notice that one of the cost estimates for an element in the WBS is 10% higher than two previous projects for very similar work. What should you do?

a. Accept the estimate because you trust all of the people on your project team, and they are responsible for estimates

b. Reduce the estimate and add the additional budget to the management reserve

c. Ask the person responsible for the estimate to explain the difference and bring supporting information to you

d. Reduce the estimate and add the additional budget to the contingency reserve

Keyboard commands:

= turn,

= for-/backward,

= scroll

a. Accept the estimate because you trust all of the people on your project team, and they are responsible for estimates

b. Reduce the estimate and add the additional budget to the management reserve

c. Ask the person responsible for the estimate to explain the difference and bring supporting information to you

d. Reduce the estimate and add the additional budget to the contingency reserve

3. You are managing a project in a foreign country. In this country there is a normalpractice for business people to exchange gifts when very large contracts, such as the one you are working on, are signed. The gift is of a greater value than your company’s policy for gift exchange will allow. You have given a gift of similar value to the customer’srepresentative already. What should you do?

a. Take the gift

b. Contact your company’s management and seek for assistance

c. Refuse the gift graciously, explaining your company’s policy

d. Ask the customer’s representative to give the gift to your manager.

Keyboard commands:

= turn,

= for-/backward,

= scroll

a. Take the gift

b. Contact your company’s management and seek for assistance

c. Refuse the gift graciously, explaining your company’s policy

d. Ask the customer’s representative to give the gift to your manager.

4. You are the manager of a research group that is developing a new chemical material.You hire a person from a competing company who has a great deal of expertise in thisarea. The person contributes greatly to the progress of your project. Duringconversation with the person you determine that many of this person’s ideas weredeveloped by the competing company. What do you do?

a. Tell the person that he or she should not mention that the ideas came from anothercompany

b. Sign a nondisclosure agreement with this person before he or she leaves yourcompany

c. Accept the new ideas

d. Investigate the employee for security reasons

Keyboard commands:

= turn,

= for-/backward,

= scroll

a. Tell the person that he or she should not mention that the ideas came from anothercompany

b. Sign a nondisclosure agreement with this person before he or she leaves yourcompany

c. Accept the new ideas

d. Investigate the employee for security reasons

5. You are managing a project that is in process. A large and unexpected problem occurs that will cause a delay in the schedule in excess of the contingency schedule for the project. What should you do?

a. Look at other tasks in the schedule and see which ones should be reduced to allow time for this problem to be worked

b. Reduce testing on the completed tasks

c. Require mandatory overtime for the project team

d. Speak to the stakeholders about getting additional time and budget for the project

Keyboard commands:

= turn,

= for-/backward,

= scroll

a. Look at other tasks in the schedule and see which ones should be reduced to allow time for this problem to be worked

b. Reduce testing on the completed tasks

c. Require mandatory overtime for the project team

d. Speak to the stakeholders about getting additional time and budget for the project

6. You are the project manager for a large project. Some members of the project team have come to you and asked that they be permitted to work on a flexible schedule. Some of the other team members feel that it is important that all team members be on site at all times unless they are absent for business reasons. What should you do?

a. Turn down the request for flexible time schedules

b. Accept the request for flexible time schedules

c. Arrange a meeting of the project team members and allow them to decide

d. Discuss this problem with your manager and act on the results of the meeting

Keyboard commands:

= turn,

= for-/backward,

= scroll

a. Turn down the request for flexible time schedules

b. Accept the request for flexible time schedules

c. Arrange a meeting of the project team members and allow them to decide

d. Discuss this problem with your manager and act on the results of the meeting

7. You are the project manager for a project that has high visibility. Your manager wants you to prepare a presentation for him to present at a conference. Most of the material in the presentation will be facts that are the results of your project. Your manager intends to present the material under his own name. Your name will not appear. What should you do?

a. Refuse to work on the presentation unless you are listed as a coauthor

b. Do the work as you were told by your manager

c. Present your own presentation

d. Meet with your manager’s manager and discuss the problem

Keyboard commands:

= turn,

= for-/backward,

= scroll

a. Refuse to work on the presentation unless you are listed as a coauthor

b. Do the work as you were told by your manager

c. Present your own presentation

d. Meet with your manager’s manager and discuss the problem

8. You are managing a project and the customer’s engineer visits your facility on an inspection and general getting acquainted tour. During the tour they make the comment that the parts that are being designed should be in stainless steel instead of plain steel with enamel. What should you do?

a. Authorize the change in design to your engineers

b. Continue with the present design

c. Speak to the visiting engineers and discuss having an informal meeting between your engineers and the visiting engineers

d. Ask the visiting engineers to submit a change proposal to the change system

Keyboard commands:

= turn,

= for-/backward,

= scroll

a. Authorize the change in design to your engineers

b. Continue with the present design

c. Speak to the visiting engineers and discuss having an informal meeting between your engineers and the visiting engineers

d. Ask the visiting engineers to submit a change proposal to the change system

9. Which of the following is the example of a conflict of interest?

a. You are the fourth cousin of a vendor supplying parts to a project in your company

b. You are the owner of a company that is supplying parts to a project that you are managing

c. You receive a gift from a supplier of parts for your project

d. A supplier tells you sensitive information, in confidence, that allows you to select another supplier for your project

Keyboard commands:

= turn,

= for-/backward,

= scroll

a. You are the fourth cousin of a vendor supplying parts to a project in your company

b. You are the owner of a company that is supplying parts to a project that you are managing

c. You receive a gift from a supplier of parts for your project

d. A supplier tells you sensitive information, in confidence, that allows you to select another supplier for your project

10. You are the project manager for a large project that is completed on time and on budget. The customer and all of the stakeholders are pleased with the results. As a direct result of the successful completion of the project, your manager approves a bonus of $25,000 for you. There are fifteen members of the project team. One of the people in the project

a. Keep the money yourself; you deserve it. And the manager gave it to you

b. Divide the money equally among all the team members

c. Ask the team members how they would divide the money

d. Divide the money equally among the team members except for the substandard team member

Keyboard commands:

= turn,

= for-/backward,

= scroll

a. Keep the money yourself; you deserve it. And the manager gave it to you

b. Divide the money equally among all the team members

c. Ask the team members how they would divide the money

d. Divide the money equally among the team members except for the substandard team member

11. One of the members of your project team comes to you and says that he heard that one of the suppliers to the project had given a substantial gift to one of the project team members in hopes that the team member would favor his company with a purchase order. The company was favored with a purchase order for the parts. What should you do?

a. Talk to the person and get him or her to give back the gift

b. Investigate the matter completely

c. Cancel the purchase order with the supplier

d. Meet with your manager and discuss the problem

a. Talk to the person and get him or her to give back the gift

b. Investigate the matter completely

c. Cancel the purchase order with the supplier

d. Meet with your manager and discuss the problem

12. Decomposing the major deliverables into smaller, more manageable components to provide better control is called:

a. Scope planning

b. Scope definition

c. Scope baselining

d. Scope verification

a. Scope planning

b. Scope definition

c. Scope baselining

d. Scope verification

13. Any numbering system that is used to monitor project costs by category such as labor, supplies, or materials, for example, is called

a. Chart of accounts

b. Work breakdown structure

c. Universal accounting standard

d. Standard accounting practices

a. Chart of accounts

b. Work breakdown structure

c. Universal accounting standard

d. Standard accounting practices

14. A person who is involved in or may be affected by the activities or anyone who has something to gain or lose by the activity of the project is called a:

a. Team member

b. Customer

c. Stakeholder

d. Supporter

a. Team member

b. Customer

c. Stakeholder

d. Supporter

A project manager is assigned to a project early in the project lifecycle. One of the things that must be done is to do a justification for the project. Since very little information is known about the project, the estimates are considered to be rough estimates. The following table is the project manager’s estimate of the cash flow that will take place over the next five years. End of Year Cash Flow In Cash Flow Out 1 0 500,000 2 300,000 90,000 3 400,000 100,000 4 100,000 175,000 5 50,000 35,000 15. What is the payback period for this project?

a. One year

b. Two years

c. Three years

d. Four years

a. One year

b. Two years

c. Three years

d. Four years

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