AUC PMP EXAM SIMULATOR
While managing a project, you decide to create a prototype of your product first to ensure that it is acceptable to stakeholders before creating your product. This is an example of (Risk Management)
Risk mitigation
Risk avoidance
Simulation
Project assumptions testing
In which of the following cases is a contract NOT legally binding? (Procurement Management)
The seller is not able to produce goods as part of the contract.
The signatory to the contract leaves the company.
The buyer is not able to satisfy financial obligations.
The contract violates the law of the land.
Two project team members have resigned from your company. However, you are able to negotiate with functional managers in your organization to quickly acquire two more resources as substitutes. From a stakeholder management point of view, this can be referred to as: (Stakeholder Management)
Pre-assignment
Corrective action
Approved change request
Resolved issue
You are working in the vendor management department of your company and are responsible for sourcing printing machines from manufacturers. You recently visited a marketing conference of a leading printing machine manufacturer, where you were offered a gift-voucher of $ 200 for attending the conference. You should: (Professional Responsibility)
Accept the gift, because it is compensation for attending the conference
Accept the gift and also inform your manager
Return the gift, because it could be construed as personal gain
Accept the gift, because it is for a small amount and was given to everyone in the conference
In your company, the project manager shares responsibility with the functional manager to assign priorities and directs the team members of the project. In this case, it is NOT the responsibility of the project manager to: (Management Framework)
Plan resources
Manage cost and budget
Carry out performance appraisal of project team
Define tasks
You are the project manager in an aircraft manufacturing company developing a new range of supersonic fighter planes. Since government approval and involvement are essential, you hire a lobbying firm to get government support to prevent unnecessary changes in your project. Which process is this an example of? (Integration Management)
Perform Integrated Change Control
Risk Management
Cost Management Plan
Develop Project Management Plan
The customer accepted your project`s product two weeks ago, but recently complained that some of the product features are not as desired and that the product is not functioning properly. What should you do FIRST? (Scope Management)
Ignore the customer, since he already accepted the product.
Review the customer`s test results.
Review the Validate Scope process.
Start working on rectifying the errors as reported by the customer.
The studio you are working for has assigned you as the project manager for a movie project where the producer left midway due to health issues. As a project manager, you are responsible for meeting the project schedule deadlines. If there is some delay in the project schedule, you should: (Time Management)
Increase the timeline for the project.
Fast track or crash the project, and let the management know the impact of this action.
Ask the resources to work overtime to meet the project deadlines.
Change the project scope.
Which project will be selected from the following options? (Integration Management)
Project A: internal rate of return of 12%, opportunity cost $0
Project B: internal rate of return of - 2%, opportunity cost of $20,000
Project C: benefit cost ratio of 0.5, payback period of 6 months
Project D: internal rate of return of 0%, opportunity cost of $200,000
You want to identify quality requirements and standards relevant to your project and product. For this, you will: (Quality Management)
Perform Quality Assurance
Plan Quality
Perform Quality Control
Plan Quality Management
You have completed the Manage Communications process and are now in a position to make the required information available to the project stakeholders in a timely manner. Which of the following is NOT an output from Manage Communications process? (Communications)
Performance reports
Project reports and presentations
Stakeholder notifications
Project records
You are the project manager for XYZ company. The Quality Control team recently identified a large number of defects in the project deliverables which the team had to repair. You have been working for a few weeks with the Quality Assurance team to adjust some quality procedures and address some training issues for your project which the team believes is the reason for the defects. The project is now behind schedule due to the problems encountered. The CPI is currently 1.12 and the SPI 0.82. While discussing the quality issues in a status meeting, a key stakeholder comments that she is alarmed at the potential cost impact of one particular risk and is wondering why it is of little concern to the project team. You are confident that her concern for that particular cost risk is unwarranted at the moment; in fact, you believe there is another risk that is of bigger concern. The following table displays the current risks for your project. Considering that schedule is a concern right now, which risk are you going to tell the stakeholder and other meeting participants is the greatest and is therefore the biggest concern of the team right now? (Risk Management)
A
B
A & D
D
You had conducted an independent estimate to find out the cost of sub-contracting the manufacturing of 1,000,000 ball-bearings for your automobile company. You estimated the cost to be $500 per bearing. However, when you asked for bids and proposals from prospective sellers, the minimum price quoted was $750 per bearing. Which of the following can be a reason for the variance in the estimate? A. The procurement statement of work was not clear. B. The prospective sellers misunderstood the procurement statement of work. C. The procurement statement of work was not sufficient. D. There have not been major changes in the cost of material and labor since last year. (Procurement Management)
B, C and D
Only B and C
All of the Above
A, B and C
During the Identify Stakeholders process, which document may provide some initial idea of who the stakeholders are for a project? (Stakeholder Management)
Communications management plan
Project charter
Human resource contracts
Responsibility assignment matrix
While reviewing the performance reports of your project, you notice that the Cost Performance Index (CPI) is 1.2 and Schedule Performance Index (SPI) is 0.8. In this case you should: (Professional Responsibility)
Make changes to the performance baseline to improve the SPI
Evaluate options to crash or fast-track the project
Inform the management why the project got delayed
Tell the team-members that they have no option but to meet the target dates as stated in the project schedule
Which of the following aspects of a project is NOT the responsibility of a project manager? (Management Framework)
Keep the project on track in terms of schedule and budget
Identify, monitor, and respond to risk
Provide accurate and timely report of project metrics
Ensure integrity of project team members
A technological advance, legal requirement, or social need refers to: (Management Framework)
Issues that need to be managed in the project plan
Environmental factors that usually have detrimental effect on the project
Risks that have to be managed by the project manager
Factors contributing to the creation of the business case
Your project involves manufacturing high-precision engine subassemblies for the shipping industry. You have to perform several activities such as measuring, examining, and verifying to determine whether work and deliverables meet requirements and product acceptance criteria. You would have to do product reviews, audits, and walkthroughs. These activities are carried out in which process? (Scope Management)
Validate Scope
Quality Inspection
Collect Requirements
Control Scope
You are a project manager overseeing a canal development project. The table given below shows the time estimates for the different tasks involved. Please refer to it and answer the question that follows. What is the impact on the project if task 1→ 2 takes 2 months more than what was earlier planned? (Time Management)
The project duration will increase by 1 month
The project risk will increase
The project duration will increase by 2 months
The project float will increase by 2 months
After quality planning, you have created a component-specific tool to verify that the required steps have been performed to test your product. This can also be referred to as: (Quality Management)
Checklist
Operational definition
Quality management plan
Design of experiments (DOE)
You are creating a cost performance baseline for your project. In this context, which of the following statements related to cost performance baseline is incorrect? (Cost Management)
It is a time-phased budget.
It is used as a basis for comparison to actual results.
It is developed as a summation of the approved budgets for the different schedule activities.
It includes management reserves.
In your project, you recently observed conflict among team members. You would like to see that all team members work towards one goal (i.e., successful completion of the project). A conflict handling method that emphasizes similarities rather than differences as means to solve a problem can also be referred to as: (HR Management)
Smoothing
Forcing
Confrontation
Withdrawal
You are not happy with the performance of a team member. In this context: a) What type of communication will you use to relay your concerns to the concerned team member? b) If the performance of the team member does not improve even after voicing your concern, what form of communication will you use to convey the information to the senior management? (Communications)
A) informal oral, b) informal written
A) informal oral, b) formal written
A) formal written, b) formal written
A) informal written, b) formal written
You are the project manager in an automobile manufacturing company. Machine parts required in your manufacturing process supplied by a vendor did not reach in time because of heavy rains. You had anticipated this risk and planned for it in your risk response plan. So, as per your risk response plan, you started using unutilized machine parts supplied one year ago. However, this has subjected your project to a new risk - the machine parts which were not used for one year suffer from higher level of defects. This new risk can also be called: (Risk Management)
Unidentifiable risks
Unmanageable risks
Secondary risks
Residual risks
You have contracted some work to a vendor, and would like to identify successes and failures that warrant recognition in the preparation or administration of other procurement contracts within the performing organization. This can be performed through: (Procurement Management)
Procurement audit
Contract file
Contract performance reporting
Lessons learned documentation
Which of the following would NOT be considered a useful Organizational Process Asset when identifying stakeholders? (Stakeholder Management)
Lessons learned from previous phases
Stakeholder register templates
Stakeholder registers from previous projects
Organizational culture for identifying stakeholders
One of your team members filed a critical report ten minutes before a bidder conference. You notice some serious errors have crept into the report. You should: (Professional Responsibility)
Cancel the meeting and reschedule it at a later date
Go ahead with the meeting and tell the participants what is wrong with the report
Go ahead with the meeting, but ask your team member to make the presentation
Refer the team member`s report to management and ask them to cancel the meeting
You have been managing a project to construct an overpass on Interstate 10. You have divided the project into phases to provide better management control. Which of the following is a characteristic of a project phase? (Management Framework)
Formal phase completion necessarily includes authorization for the subsequent phase.
The closure of a phase is required to be approved in some form before it can be considered closed.
A project phase should not be divided into sub-phases even in complex projects, because it will be difficult to manage.
All deliverables in the project phase should correspond to the project management process.
The organization of the project is very important for successful implementation. Which factor does NOT have any impact on the design of the project organization? (Management Framework)
Environmental forces
Schedule limitations
Strategic choices
Technological factors
An environmental remediation project has succeeded in reducing costs. This is achieved by implementing a change request for new technology that was not available when the scope was originally defined. The technology change that is adopted is a/an: (Scope Management)
Value adding change
Error or omission in defining the scope of the project
External event
Contingency or workaround plan
In your project team, you have developed a rule of thumb that scarce resources will have to be allocated first to the critical path. This rule of thumb can also be referred to as: (Time Management)
Constraints
Assumptions
Best Practices
Heuristics
Your company primarily uses Benefit Cost Ratio (BCR) as a project selection criterion. In this context, which of the following statements related to Benefit Cost Ratio (BCR) is incorrect? (Integration Management)
Projects with BCR > 1 should be considered for selection
BCR is the ratio of payback to costs
If two projects have positive BCR, select the project with higher BCR
For any project, Benefits = Profits
In your project, you have used valuable inputs to produce project activity metrics to evaluate actual progress as compared to planned progress. The inputs used during the Control Quality process are:A. Risk register B. Organizational process assets C. Quality management plan D. Work performance data (Quality management)
B, C and D
A, C and D
A, B and D
A, B and C
What are Tuckman`s stages of group development in their respective order? (HR Management)
Forming, Norming, Storming, Performing, Adjourning
Forming, Storming, Smoothing, Performing, Adjourning
Forming, Storming, Norming, Performing, Adjourning
Forming, Norming, Storming, Performing, Closing
During critical negotiations on outstanding issues arising out of a contract, you should pay close attention to which form of communication? (Communications)
Oral formal
Oral informal
Non-verbal
Written formal
In your project, you wish to manage procurement relationships, monitor contract performance, and make changes and corrections as needed. Which of the following would you not use? (Procurement Management)
Agreements
Work performance data
Approved change requests
Project schedule
Based on past estimates, there is a 25% probability for a particular event to occur every year. If a project lasts for three years, what is the probability of the event happening in the third year? (Risk Management)
15.63%
6.25%
25%
75%
Which of the following is used to classify critical stakeholders on a project as a “manage closely” approach? (Stakeholder Management)
Identify Stakeholders
Plan Stakeholder Management
Stakeholder Analysis
Plan Communications Management
In an informal discussion you had with another PMP certificant, he mentioned how he was able to sit for the PMP Certification exam three years ago using false contact hour certificates. You should: (Professional Responsibility)
Report this to PMI
Report this to your manager
Do nothing, since he is a colleague
Do nothing, since he had taken the PMP exam three years ago, and contact hour certificates get audited only for one year
The CEO of ABC bank is concerned about the increase in "call answering time" in the bank`s call center (i.e., customers have to wait longer for their calls to be answered by an operator). She wants to improve call center processes to decrease the "call answering time." What should the CEO do to address the situation? (Management Framework)
Set up a PMO
Assign a very competent project manager to manage activities in the call center
Move to a projectized organizational structure
Continue with a functional organizational structure, and try to streamline activities
As the project manager of an IT project, you are directing and managing the project work. You have been looking at information related to similar projects. Which tools will you use? (Integration Management)
Interpersonal skills, product skills and knowledge, and work authorization system (WAS)
Status review meetings and organization procedures
Project management information system and expert judgment
Risk management and project selection techniques
Your company is constructing a dam, and your project (being performed under an agreement) mandates that you pay compensation to persons displaced because of the project. What kind of constraint is this? (Scope Management)
Social
Legal
Environmental
Humanitarian
You are in the process of performing Develop Schedule process to determine planned start and finish dates for project activities. Which of the following inputs will be helpful in this process? (Time Management)
Activity attributes, project scope statement, and activity list
Activity list, activity attributes, and schedule data
Project calendar, requested changes, and schedule data
Work performance information, schedule baseline, and performance reports
Your business partner is ready to invest $ 110,000 in your company one year from now. The interest rate used in your company to calculate Present Value (PV) of expected yearly benefits and costs is 10%. What is the PV of this investment? (Integration Management)
$112,000
$100,000
$80,000
$110,000
You are preparing a quality management plan for your project. Which of the following will you use in this process? A. Cost-benefit analysis B. Quality checklists C. Cost of quality D. Benchmarking (Quality Management)
B, C and D
A, C and D
A, B and D
A, B and C
You are annoyed with your team members because of their constant disagreements. You ask them to stop arguing and do the work the way in which you want it to be done. The conflict handling approach you are following is: (HR Management)
Smoothing
Forcing
Confrontation
Withdrawal
In your project, you are using the Control Communications process to organize and summarize the information gathered. Later, you present the results of the analysis as a comparison to the performance measurement baseline. Some common formats for performance reports that you could use are: (Communications)
S-curves, histograms, pareto diagrams
S-curves, responsibility assignment matrices, histograms
Bar charts, S-curves, histograms
Bar charts, control charts, histograms
As a project manager, you estimate that, in your project, there is: 50% probability of earning $40,000 profit 50% probability of incurring $25,000 loss What is the expected value for the project considering profit and loss possibilities? (Risk Management)
$32,500
$25,000
$7,500
($7,500)
In your new project, you have to provide a critical deliverable within five months and do not have time to go through the Conduct Procurements process. You decide to sign a contract with a supplier with whom your company has done some work in the past. The risk you are accepting in this situation is: (Procurement Management)
The ability of the supplier to deliver the goods
Collusion between the supplier and your team
Lack of proper scope definition
Lack of a legally binding agreement
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