PMP Exam Questions - Online Test
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Q271. What is the difference between management reserves and contingency reserves?
A. Contingency reserves address known knowns, whereas management reserves address known unknowns.
B. Contingency and management reserves both address known unknowns and could be considered the same.
C. Contingency reserves address known unknowns, whereas management reserves address unknown unknowns.
D. Contingency reserves are managed by senior management, whereas management reserves are managed by the project manager.
Answer: C
Q272. What is the expected activity cost for a project having a most likely cost of $140, a best case scenario of $115, and a worst case scenario of $165?
A. $115
B. $138
C. $140
D. $165
Answer: C
Q273. Control chart theory is based on the differentiation of the causes of variations in quality. Variations may be produced by assignable causes. All of the following are examples of assignable causes except:
A. None of the other alternatives apply (all are examples)
B. differences among materials.
C. differences among machines.
D. differences among workers.
E. differences in each of these factors over time.
Answer: A
Q274. Range estimating in determining cost risk probabilities requires _____ .
A. an amount of financial exposure.
B. risks and opportunities ranked in order of bottom line importance
C. All of the other alternatives apply.
D. contingency requirements for expected level of confidence
E. probability of cost overrun occurrences
Answer: C
Q275. A problem occurs on an activity with free float and the project manager has extended its duration.
What is MOST likely to be affected?
A. Project duration
B. Resource schedules
C. Project scope management plan
D. The latest start for the successor activity
Answer: B
Q276. A project manager for a small construction company has a project that was budgeted for US $130,000 over a six-week period. According to her schedule, the project should have cost US $60,000 to date. However, it has cost US $90,000 to date. The project is also behind schedule, because the original estimates were not accurate. Who has the PRIMARY responsibility to solve this problem?
A. Project manager
B. Senior management
C. Project sponsor
D. Manager of the project management office
Answer: A
Q277. Objectives can be described as all of the following except for which one? Choose the least correct answer.
A. The monetary units used to express the cost criteria for the project
B. The functionality and specific conditions that must be met in order to satisfy the project, contract, standard, or specification
C. The quantifiable results used to measure project success that should include schedule, cost, and quality criteria
D. The purpose for undertaking the project
Answer: B
Q278. Company A is delivering a product in three parts. The contract allows for the parts to be delivered either one after the other or at the same time.
Which type of project phasing will allow for the most flexibility in delivering the full product when product requirements are subject to rapid change?
A. Sequencing the delivery phases one after the other
B. Overlapping the delivery phases
C. Delivering the products iteratively
D. Delivering all of the product at the same time
Answer: C
Q279. Which of the following defines a characteristic of a project?
A. Repetitive
B. Unique
C. No outcome
D. Permanent
Answer: B
Q280. Which of the following is not true for a Responsibility Assignment Matrix (RAM):
A. Defines what project member is responsible for each activity
B. Defines all people associated with each activity
C. Defines responsibilities for each WBS component
D. All of the other alternatives apply
Answer: D