The PMP®, or Project Management Professional, is an exam conducted by the Project Management Institute (PMI)®, is a globally recognized certification. The exam consists of 200 multiple choice questions that outline the five process groups (Initiation, Planning, Executing, Monitoring and Controlling, and Closing) and nine knowledge areas (Integration, Scope, Time, Cost, Quality, Human Resource, Communication, Risk, and Procurement).
Of the 200 questions, 25 of them are pretest questions. Pretest questions appear randomly during the exam, do not affect the candidate’s score, and are used in examinations as an effective way to increase the number of examination questions that can be used in future PMP exams. The passing score for the exam is almost 61% (106 questions correct out of 175 scored questions).
Are you a professional who is aspiring to be a project manager? Try answering this PMP Practice Test Questions and assess yourself.
1. A project has a 60% chance of a $100,000 profit and a 40 percent of a US $100,000 loss. The Expected Monetary Value for the project is:
Answer:
Expected Monitory Value (EMV) is computed by EMV = Probability × Impact.
Compute both positive and negative values and then add them:
0.6 × $100,000 = $60,000 0.4 × $100,000 = $40,000 EMV = $60,000 - $40,000 = $20,000 profit
2. Assuming that the ends of a range of estimates are +/- 3 sigma from the mean, which of the following range estimates involves the LEAST risk?
Answer:
The estimate with the smallest range is less risky.
3. If a risk has a 20 percent chance of happening in a given month, and the project is expected to last five months, what is the probability that the risk event will occur during the fourth month of the project?
Answer:
4. An accepted deadline for project approaches. However, the project manager realizes only 75% percent of the work has been completed. The project manager then issues a change request. What should the change request authorize?
Answer:
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5. The risk will be identified during which risk management process(es)?
Answer:
Reference: The PMBOK® Guide, 5th Edition, Page 312, Figure 11.1 |
6. What is meant by RACI?
Answer:
The RACI chart is an example of the Responsibility Assignment Matrix (RAM), which shows the relationship between activities and the team members.
7. Which of the following statement is true about a Program?
Answer:
Reference: The PMBOK® Guide, 5th Edition, Page 9 |
8. The project manager meets with the project team to review lessons learned from previous projects. In what activity is the team involved?
Answer:
9. During a bidder conference, you see that one bidder is your close friend. What should your next step be?
Answer:
There is a conflict of interest in this situation. You must inform your boss about this relationship.
10. If a risk event has a 90 percent chance of occurring, and the consequences will be the US $ 10,000, what does the US $9,000 represent?
Answer:
EMV = .9 X $ 10,000 = $ 9,000
11. Your construction project was damaged by an earthquake. Your contractor says that he cannot fulfill the terms of the contract due to a specific clause you both had signed the contract. He is referring to the:
Answer:
12. All of the following are ALWAYS inputs to the risk management process EXCEPT:
Answer:
Project Status report can be an input to risk management. However, when completing risk management for the first time, you wouldn’t have the project status report yet. Therefore, the project status report is not always an input to risk management.
Related read: Project Management Professional Exam Tips and Tricks |
13. When estimating time for activities, a Project Manager should:
Answer:
14. Risk tolerance is determined in order to help:
Answer:
If you know the tolerance of the stakeholders, you can predict how they might react to different situations and risk events. This information can help assign levels of risk on each work package activity.
15. You are running a project to engineer and implement a set of business processes and a software solution for customer relationship management. The project involves a large number of organizations―a major corporation and many suppliers of different sizes. During the project, you observe the effects of the differences between the companies’ corporate cultures. This leads to different expectations on how the project should be handled—as well as to frequent misunderstandings between stakeholders. Another effect is a growing degree of distrust and skepticism. What should you try first to integrate the diverse stakeholder groups?
Answer:
Reference: PMBOK® Guide 5th Edition, page 194 (last paragraph). |
16. You are finding it difficult to evaluate the exact cost impact of risk. You should evaluate on a(n) :
Answer:
If you cannot determine an exact cost impact to the event, use qualitative estimates such as Low, Medium, and High.
17. A project manager is quantifying risk for her project. Several of her experts are offsite but wish to be included. How can this be done?
Answer:
The Delphi technique is commonly used to obtain expert opinions on technical issues, the necessary project, or product scope.
18. Being assigned as a project manager, you noticed during project execution that conflicts arise in the team on both technical and interpersonal levels. What is an appropriate way of handling conflicts?
Answer:
19. During which risk management process is a determination to transfer a risk made?
Answer:
Transference is a Risk Response Strategy.
20. When control charts are used, outliers are…
Answer:
Reference: Managing Project Quality by Timothy J. Kloppenborg and Joseph A. Petrick |
If you are considering working toward your PMP exam, Simplilearn offers a variety of project management courses that will help you pass, including the PMP Certification training course. Our PMP training courses are conducted by certified, highly experienced professionals with at least 10 years of experience.
PMI, PMP, and PMBOK have registered marks of the Project Management Institute, Inc.
Interested in learning more? View Simplilearn's video on “Introduction to PMP Certification Training” to understand the requirements and guidelines for the PMP examination.
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