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PMI PMI-001 - Project Management Professional v5

Page: 12 / 14
Total 918 questions

How is quality control performed?

A.

By identifying quality standards that are relevant to the project and determining how to satisfy them

B.

By monitoring specific project results in compliance with relevant quality standards and determining corrective actions as needed

C.

By ensuring that the entire project team has been adequately trained in quality assurance processes

D.

By applying Monte Carlo, sampling, Pareto analysis, and benchmarking techniques to ensure conformance to quality standards

Under which type of contract does the seller receive reimbursement for all allowable costs for performing contract work, as well as a fixed-fee payment calculated as a percentage of the initial estimated project costs?

A.

Cost Plus Fixed Fee Contract (CPFF)

B.

Cost Plus Incentive Fee Contract (CPIF)

C.

Firm Fixed Price Contract (FFP)

D.

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

Perform Integrated Change Control is the process of:

A.

Reviewing, approving, and managing all change requests

B.

Facilitating change management, manuals, or automation tools

C.

Comparing actual results with planned results in order to expand or change a project

D.

Documenting changes according to the change control system by the change control board

The iterative and interactive nature of the Process Groups creates the need for the processes in which Knowledge Area?

A.

Project Communications Management

B.

Project Integration Management

C.

Project Risk Management

D.

Project Scope Management

The ways in which the roles and responsibilities, reporting relationships, and staffing management will be addressed and structured within a project is described in the:

A.

Human resource management plan.

B.

Activity resource requirements.

C.

Personnel assessment tools,

D.

Multi-criteria decision analysis.

Budgets reserved for unplanned changes to project scope and cost are:

A.

Contingency reserves.

B.

Management reserves.

C.

Authorized budgets.

D.

Cost baselines.

A tool or technique used during the Administer Procurements process is:

A.

Expert judgment.

B.

Bidder conference.

C.

Procurement negotiation.

D.

Performance reporting.

Which group is formally chartered and responsible for reviewing, evaluating, approving, delaying, or rejecting changes to the project and for recording and communicating decisions?

A.

Project team

B.

Focus group

C.

Change control board

D.

Project stakeholders

Which of the following is a tool or technique used in the Determine Budget process?

A.

Variance analysis

B.

Three-point estimating

C.

Bottom-up estimating

D.

Historical relationships

Which Perform Quality Control tool graphically represents how various elements of a system interrelate?

A.

Control chart

B.

Flowchart

C.

Run chart

D.

Pareto chart

What is the name of the statistical method that helps identify which factors may influence specific variables of a product or process under development or in production?

A.

Failure modes and effects analysis

B.

Design of experiments

C.

Quality checklist

D.

Risk analysis

Success is measured by benefits realization for a:

A.

strategic plan

B.

project

C.

portfolio

D.

program

Analogous cost estimating relies on which of the following techniques?

A.

Expert judgment

B.

Project management software

C.

Vendor bid analysis

D.

Reserve analysis

A technique used to determine the cause and degree of difference between baseline and actual performance is:

A.

Product analysis.

B.

Variance analysis.

C.

Document analysis,

D.

Decomposition.

Activity cost estimates and the project schedule are inputs to which Project Cost Management process?

A.

Estimate Costs

B.

Control Costs

C.

Plan Cost Management

D.

Determine Budget

What cost control technique is used to compare actual project performance to planned or expected performance?

A.

Cost aggregation

B.

Trend analysis

C.

Forecasting

D.

Variance analysis

The cost baseline and project funding requirements are outputs of which process in Project Cost Management?

A.

Estimate Costs

B.

Control Costs

C.

Plan Cost Management

D.

Determine Budget

The CPI is .92, and the EV is US$172,500.What is the actual cost of the project?

A.

US$158,700

B.

US$172,500

C.

US$187,500

D.

US$245,600

Which type of dependency is established based on knowledge of best practices within a particular application area or some unusual aspect of the project in which a specific sequence is desired, even though there may be other acceptable sequences?

A.

External

B.

Internal

C.

Mandatory

D.

Discretionary

Which process occurs within the Monitoring and Controlling Process Group?

A.

Control Costs

B.

Plan Quality

C.

Perform Quantitative Risk Analysis

D.

Determine Budget