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PMI PMI-001 - Project Management Professional v5

Page: 10 / 14
Total 918 questions

An input to Close Project or Phase is:

A.

Accepted deliverables,

B.

Final products or services,

C.

Document updates,

D.

Work performance information.

Lessons learned are created and project resources are released in which Process Group?

A.

Planning

B.

Executing

C.

Closing

D.

Initiating

Which type of contract is most commonly used by buying organizations because the price for goods is set at the outset and is not subject to change unless the scope of work changes?

A.

Fixed Price with Economic Price Adjustments Contract (FP-EPA)

B.

Cost-Reimbursable Contract (CR)

C.

Firm-Fixed -Price Contract (FFP)

D.

Fixed-Price-Incentive-Fee Contract (FPIF)

Which of the following is an output of Close Procurements?

A.

Accepted deliverables

B.

Organizational process assets updates

C.

Managing stakeholder expectations

D.

Performance reports

During which process would stakeholders provide formal acceptance of the completed project scope?

A.

Perform Quality Control

B.

Verify Scope

C.

Control Scope

D.

Develop Schedule

An example of a group decision-making technique is:

A.

nominal group technique

B.

majority

C.

affinity diagram

D.

multi-criteria decision analysis

Which of the following is an estimating technique that uses the values of parameters from previous similar projects for estimating the same parameter or measure for a current project?

A.

Reserve analysis

B.

Three-point estimating

C.

Parametric estimating

D.

Analogous estimating

Which of the following is a measure of the value of work completed compared to the actual cost or progress made on the project?

A.

Schedule performance index (SPI)

B.

Cost performance index (CPI)

C.

Cost variance (CV)

D.

Planned value (PV)

Sharing good practices introduced or implemented in similar projects in the organization and/or industry is an example of:

A.

quality audits

B.

process analysis

C.

statistical sampling

D.

benchmarking

The end point of a project phase can be referred to as:

A.

project failure

B.

closing process

C.

stage gate

D.

lifecycle

Which of the following is an example of the simplest fixed-price contract?

A.

Purchase requisition

B.

Purchase order

C.

Verbal agreement

D.

Request for quote

If the most likely duration of an activity is five weeks, the best-case duration is two weeks, and the worst-case duration is 14 weeks, how many weeks is the expected duration of the activity?

A.

One

B.

Five

C.

Six

D.

Seven

Which category of contracts are sellers legally obligated to complete, with possible financial damages if the project objectives are not met?

A.

Cost-reimbursable contracts

B.

Time and Material contracts (T&M)

C.

Fixed-price contracts

D.

Cost Plus Fixed Fee Contracts (CPFF)

The process for performing variance analysis may vary, depending on:

A.

scenario building, technology forecasting, and forecast by analogy.

B.

working relationships among various stakeholders and team members.

C.

application area, the standard used, and the industry,

D.

work to be completed next.

Retreating from an actual or potential conflict or postponing the issue to be better prepared or to be resolved by others describes which of the five general techniques for managing conflict?

A.

Smooth/accommodate

B.

Withdraw/avoid

C.

Compromise/reconcile

D.

Force/direct

At the end of the project, what will be the value of SV?

A.

Positive

B.

Zero

C.

Negative

D.

Greater than one

Which tool or technique allows a large number of ideas to be classified into groups for review and analysis?

A.

Nominal group technique

B.

Idea/mind mapping

C.

Affinity diagram

D.

Brainstorming

When a backward pass is calculated from a schedule constraint that is later than the early finish date that has been calculated during a forward pass calculation, this causes which type of total float?

A.

Negative

B.

Zero

C.

Positive

D.

Free

Types of internal failure costs include:

A.

inspections.

B.

equipment and training.

C.

lost business.

D.

reworking and scrapping.

The completion of the project scope is measured against the:

A.

requirements documentation.

B.

project scope statement.

C.

project management plan.

D.

work performance measurements.