PMP Sample Questions

61. A project manager performs Earned Value Analysis and finds the following results:

    AC: 220,000, PV: 250,000, EV: 220,000.

    • CV = 0.
    • CV = 30,000.
    • CV = -30,000.
    • CV = 1

    Answer: A

62. During a company event, you had the opportunity to talk to a colleague project manager. He told you that in his current project actual costs are 15% under cumulated costs scheduled for today.

    What do you think?

    • The information available is not sufficient to assess project performance.
    • The project will probably be completed with total costs remaining under budget.
    • A significant cost increase during the further course of the project will probably bring the costs back to baseline level.
    • Original cost planning must have been poor to allow this variance.

    Answer: A

63. Which is true regarding projects?
    • A project is a unique service undertaken to create a temporary product.
    • A project is a unique endeavor undertaken to create a temporary service.
    • A project is a temporary endeavor undertaken to create a unique product or service.
    • A project is a temporary product undertaken to create a unique endeavor or service

    Answer: C

64. Which of the following statements describes the relationship between project phases and the project life cycle?
    • The project lifecycle contains the iterative incremental elements inside a project phase.
    • Collectively, the project phases are known as the project life cycle.
    • The project lifecycle is regarded as a sequence of project activities while phases are defined to control the overlapping of activities.
    • The project lifecycle contains the repetitive elements inside a project phase

    Answer: B

65. A project management team discusses what scope means in a project.

    All of the following statements are true except

    • The processes, tools, and techniques used by project scope management are mostly depending on the application area.
    • Product scope includes features and functions that are to be included in a product or service.
    • Project scope includes the work that must be done in order to deliver a product with the specified features and functions.
    • Project Scope Management includes the processes required to ensure that the project includes all the work required and only the work required.

    Answer: A

66. What is the S-curve in project management?

    

    • A graph that is generated if a normal curve is integrated.
    • A graph that is to be integrated to generate a normal curve.
    • A metaphoric description of the short term uncertainties that are present in every project.
    • The graph that describes the typical growth of earned value during the course of the project.

    Answer: D

67. The output of the resource planning process is a document "resource requirements". This a description of what types of resources are required in what quantities...
    • where the term resources is limited to equipment and materials.
    • for each element at the lowest level of the work breakdown structure.
    • where the term resources is limited to human resources.
    • to be obtained solely from the performing organization.

    Answer: B

68. The major output document of Scope definition is the.
    • Hierarchically structured WBS.
    • Flat Activity List.
    • Narrative Scope Statement.
    • The Project Charter for the project manager

    Answer: A

69. In regards of a cost baseline all of the following is true except
    • It is a time-phased budget that will be used to measure and monitor cost performance on the project.
    • It can be easily created and updated as necessary.
    • It is developed by summing estimated costs by period.
    • It is usually displayed in the form of an S-curve.

    Answer: B

70. Which is not true in regard of RoI (Return on Investment)?
    • It defines the cumulated net income from an investment at a given point in time or during a defined period.
    • It includes investment, direct and indirect costs and may include allowances for capital cost, depreciation, risk of loss, and/or inflation.
    • It is generally stated in currency units, as a percentage or as an index figure.
    • It is the time when cumulated net income is equal to the investment.

    Answer: D