Question No.:1[ Question Id:1001]Question:You are a Project Manager leading a mega construction project. You have noticed that there have been some deviations beyond your expectations. As a PM, you want to control your project and also find the cause of this deviation. Which technique would you use?Options:A:Trend analysisB:Pareto Chart i.e. 80/20 ruleC:Root Cause Analysis using Cause and effect diagramsD:Variance analysisYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-139) - 5.6.2.1 Variance AnalysisExplanation:Variance Analysis - Project performance measurements are used to assess the magnitude of variation from the original scope baseline. Important aspects of project scope control include determining the cause and degree of variance relative to the scope and deciding whether corrective or preventive action is required.

Question No.:2[ Question Id:1002]Question:Refer the networking diagram below. The critical path is?

Options:A:A-D-FB:B-C-D-FC:B-C-E-FD:A-D-E-FYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-177) - Figure 6-18. Example of Critical Path MethodExplanation:B->C->D->F = 5+8+12+9=34. Refer the diagram below for the answer:

Question No.:3[ Question Id:1003]Question:Refer the networking diagram below. For activity F, the early start is the beginning of day number?

Options:A:24B:20C:25D:27You Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-177) - Figure 6-18. Example of Critical Path MethodExplanation:Activity F, ES=LS=25. Refer the diagram below for the answer:

Question No.:4[ Question Id:1004]Question:You are a project manager and currently involved in a complex procurement task. You want to make use of weighted criteria for awarding contract to your sellers. Where would you look for pre-defined weighted criteria?Options:A:Qualified Seller ListB:Proposal Evaluation TechniquesC:Seller ProposalD:Source Selection CriteriaYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-375) - 12.2.2.2 Proposal Evaluation TechniquesExplanation:Proposal Evaluation Techniques - On complex procurements, where source selection will be made based on seller responses to previously defined weighted criteria, a formal evaluation review process will be defined by the buyer's procurement policies.Question No.:5[ Question Id:1005]Question:You are a project manager and in the weekly status meeting you discover that your project has negative float. What does this means to you?Options:A:The forecast for the project completion would be late than plannedB:Negative total float will not impact your project scheduleC:Negative total float is not valid at allD:The project has more than one critical pathYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-176) - 6.6.2.2 Critical Path MethodExplanation:The total negative float calculation result from the project network diagram would mean that for the project completion would be late than planned.Question No.:6[ Question Id:1006]Question:Peter is a project manager in the project initiation phase. He is creating a table that would ensure that each requirement adds business value by linking it to the business and project objectives. This would also help him to track requirements throughout the project life cycle and ensure that requirements are approved in the requirements documentation that is delivered at the end of the project. What is Peter making?Options:A:Requirements DocumentationB:Requirements Management PlanC:Requirements Traceability MatrixD:Project Scope StatementYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-118) - 5.2.3.2 Requirements Traceability MatrixExplanation:The requirements traceability matrix is a table that links requirements to their origin and traces them throughout the project life cycle. The implementation of a requirements traceability matrix helps ensure that each requirement adds business value by linking it to the business and project objectives. It provides a means to track requirements throughout the project life cycle, helping to ensure that requirements approved in the requirements documentation are delivered at the end of the project.Question No.:7[ Question Id:1007]Question:The global crude oil price rise is of a concern for you now. In your project after two months there is lots of traveling work as heavy amount of manufacturing items would be transported to remote site. With the rise in petroleum price you feel that there would be impact on the procurable prices that was originally planned a year ago. You are now planning to procure these items ahead of schedule. What should you do?Options:A:Go by your original plan, there are some variances in project budgetB:Use contingency reserves to balance this overhead costC:Change the contract and ask sponsor for high transportation priceD:Raise Change Request for Preventive ActionYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-191) - 6.7.3.3 Change RequestsExplanation:Schedule variance analysis, along with review of progress reports, results of performance measures, and modifications to the project schedule can result in change requests to the schedule baseline and/or to other components of the project management plan. Change requests are processed for review and disposition through the Perform Integrated Change Control process. Preventive actions may include recommended changes to reduce the probability of negative schedule variances.Question No.:8[ Question Id:1008]Question:You are conducting team performance appraisal and you discover that one of your team member motivation has reduced in your project. Which motivational theory says that what motivates people is the work itself, including such things as responsibility, self-actualization, and professional growth?Options:A:MaslowB:DemingC:McGregorD:HerzbergYou Answered:Not AnsweredCorrect Answer:DReference:https://en.wikipedia.org/wiki/Two-factor_theoryExplanation:This is the essence of Herzberg's hygiene factors.Question No.:9[ Question Id:1009]Question:You are a PMP certified project manager. What should you avoid when you are organizing documents for the Lessons learned?Options:A:Make the lessons learned documentation in a wording which is easy to understand for a reader who is not familiar with the project.B:Lessons learned must detail how certain groups or persons caused failures and delays, especially if they are inside the own organization.C:Writing lessons learned should be an exercise enhancing your personal learning experience. Make sure you grasp what you are writing down.D:Keep lessons learned documents at a place where they are easy to access and to retrieve for those who may later need the information.You Answered:Not AnsweredCorrect Answer:CReference:PMI Code of Ethics and Professional Conduct. Available from http://www.pmi.org/codeofethicsPDFExplanation:A, B and D are all correct. C talks about personnel benefit of the person and hence it should be avoided for the same of project. Mixing personnel benefit with business is considered against ethical and professional conduct.Question No.:10[ Question Id:1010]Question:You are a project manager and reviewing your project schedule. You notice that one of the important resources has been allocated on two activities that is schedule to happen at the same time. What techniques will you use to resolve this issue?Options:A:Schedule compressionB:Resource levelingC:Critical chain methodD:Applying leads and lagsYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-179) - 6.6.2.4 Resource Optimization TechniquesExplanation:Resource leveling is necessary when resources have been over-allocated, such as when a resource has been assigned to two or more activities during the same time period, when shared or critical required resources are only available at certain times or are only available in limited quantities.Question No.:11[ Question Id:1011]Question:You are a project manager of a construction project and your next phase is to paint the external wall. At this point of time you realize that the rainy season is about to arrive. At the same time you cannot delay your project any more. Which risk techniques would you undertake?Options:A:MitigateB:ExploitC:AcceptD:TransferYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-345) - 11.5.2.1 Strategies for Negative Risks or ThreatsExplanation:Accept - his strategy is adopted because it is seldom possible to eliminate all threats from a project. This strategy indicates that the project team has decided not to change the project management plan to deal with a risk, or is unable to identify any other suitable response strategy. Risk acceptance is a risk response strategy whereby the project team decides to acknowledge the risk and not take any action unless the risk occurs.Question No.:12[ Question Id:1012]Question:You are a project manager involved in diamond mining with huge investment at stake. Until today you have actually completed $30,000 of work, but based on the cost plan it should be $55,000. What is the percentage Schedule Variance (SV) in this case?Options:A:0.83B:-0.83C:-0.45D:0.45You Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-218) - Schedule varianceExplanation:Schedule Variance (SV) = Any difference between the scheduled completion of an activity and the actual completion of that activity. SV % = (EV - PV) / PV SV % = ($30,000 - $55,000) / $55,000 = -0.45Question No.:13[ Question Id:1013]Question:You are a project manager of a manufacturing company and for you accuracy has the highest importance. In order to meet the product acceptance criteria you have to perform several activities such as measuring, examining, and verifying including reviews, audits and walkthroughs. The above scenario best describes which process?Options:A:Perform Quality ControlB:Validate ScopeC:Perform Quality AssuranceD:Perform Quality AssessmentYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-135) - 5.5.2.1 InspectionExplanation:It's the Inspection (which is a Tool for Validate Scope) includes activities such as measuring, examining and testing undertaken to determine whether results confirm to requirements. Inspections are variously called reviews, product reviews, audits and walk-through.Question No.:14[ Question Id:1014]Question:Your budget constrained project is in the early stages, and you are estimating the activity duration. You do not have sufficient information yet, however, historical information about similar projects is available to you. What should you do about activity duration estimates?Options:A:Do not estimate without sufficient information, wait until you get all required informationB:Use Expert judgmentC:Use Analogous EstimatingD:Use Three-Point Estimates (PERT)You Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-169) - 6.5.2.2 Analogous EstimatingExplanation:Analogous duration estimating is frequently used to estimate project duration when there is a limited amount of detailed information about the project for example, in the early phases of a project. Analogous estimating uses historical information and expert judgment.Question No.:15[ Question Id:1015]Question:You are an IT project manager handling a big and a complex project. Your stakeholders have found some important requirements that were missed in the initial Project Scope Statement. You take the requested changes through change control and they have been approved. Now, you are in the process to update the Scope Statement to include the new work. Where will you look for the most updated version of the Scope Statement?Options:A:In the Configuration Management SystemB:In the Document RepositoryC:In the Project Management PlanD:In the Communications Management PlanYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-96) - 4.5 Perform Integrated Change ControlExplanation:Changes may be requested by any stakeholder involved with the project. Although they may be initiated verbally, they should always be recorded in written form and entered into the change management and/or configuration management system.Question No.:16[ Question Id:1016]Question:Scott is a project manager and conducting Close Procurements. What Tools and Techniques he would NOT use?Options:A:Procurement AuditsB:Negotiated SettlementsC:Claims administrationD:Records Management SystemYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-356) - Figure 12-1. Project Procurement Management OverviewExplanation:Claims administration is Tools and Techniques of Control Procurements.Question No.:17[ Question Id:1017]Question:You are managing a construction project of a big flyover. You would like to use the best practices in the road construction industry to help you in your project. Which of the following tools of Sequence Activities process are based on these best practices?Options:A:Mandatory dependenciesB:Discretionary dependenciesC:Industry normsD:Continuous improvementYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-158) - Discretionary dependenciesExplanation:Discretionary dependencies are established based on the knowledge of best practices within a particular application area or some unusual aspect of the project where a specific sequence is desired, even though there may be other acceptable sequences. Discretionary dependencies should be fully documented, since they can create arbitrary total float values and can limit later scheduling options.Question No.:18[ Question Id:1018]Question:You are a project manager of an industrial design project. Your project is currently in the Initiating phase. The project charter has been created, and you are working on developing the preliminary scope statement. What would you NOT like to do next?Options:A:Document initial project risksB:Identify internal and external constraintsC:Write down any assumptions that you have madeD:Create the change control systemYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-424) - A1.4 Initiating Process GroupExplanation:An important part of initiating the project is identifying any assumptions and constraints on the project, creating a list of initial project risks. This helps in your future project planning and keeps the health of your project good. However you don't create any change control system in the Initiating phase, its something that is done as a part of Project planning.Question No.:19[ Question Id:1019]Question:You are managing a web portal development project for an internationally known bank. The project is going on well and the customer has very good relation with all of your team. Today, Jerry, one of your team members tells you that the IT head of the customer has asked for certain features. The features are good. They will really result in a great value for the customer. The team member also knows that the features can be added relatively easily. The IT head is an influential stakeholder and also a member of the Change Control Board. Jerry has already started working on the features. What should you do first?Options:A:Talk to the IT head and request him to raise a Change Request and get it processed.B:Tell Jerry to stop the work and get on as already planned.C:Document what Jerry has done and raise a Change Request.D:Review what Jerry has done and document it.You Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-444) - A1.6 Executing Process GroupExplanation:You have to check the impact of what Jerry has already done and document it before doing anything else. The question is asking you what you should do first. And hence it's Reviewing what Jerry has done and document it.Question No.:20[ Question Id:1020]Question:While creating WBS activities what would be the number for the activity FF?

Options:A:42200B:41200C:42100D:41210You Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-129) - Figure 5-11. Sample WBS Decomposed Down Through Work PackagesExplanation:For FF its 41200. Refer the diagram below for the answer:

Question No.:21[ Question Id:1021]Question:An emergency meeting was called in by your sponsor and you are surprise to hear that your project has been terminated with immediate effect. What will you do NEXT?Options:A:Perform Procurement AuditsB:Update Records Management SystemC:Start Close Procurements processD:Validate the Project Closure Guidelines in Organizational Process AssetsYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-28) - 2.1.4.1 Processes and ProceduresExplanation:The project is getting closed prematurely i.e. terminate. The first thing is that you will have to know the steps to be executed before any action is taken. Project closure guidelines or requirements e.g., final project audits, project evaluations, product validations, and acceptance criteria.Question No.:22[ Question Id:1022]Question:You are a project manager and in your project, you wish to monitor the status of the project including compare, and analyze schedule performance such as actual start and finish dates, percent complete, and remaining duration for work etc. Which of the following will you use for this purpose?Options:A:Schedule network analysisB:Pareto diagramC:Performance reviewsD:Dependency DeterminationYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-188) - 6.7.2.1 Performance ReviewsExplanation:Performance reviews measure, compare, and analyze schedule performance such as actual start and finish dates, percent complete, and remaining duration for work in progress.Question No.:23[ Question Id:1023]Question:Mike is a project manager for an IT technology implementation project. He is using an Ishikawa Diagram to figure out what could have caused the potential risks in his project. Which process best describes this?Options:A:Risk IdentificationB:Qualitative AnalysisC:Quality ControlD:Risk Response PlanningYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-236) - 8.1.2.3 Seven Basic Quality ToolsExplanation:Cause and effect diagrams - These are also known as Ishikawa or fishbone diagrams, and are useful for identifying causes of risks.Question No.:24[ Question Id:1024]Question:You are a project manager involved in the periodic collection and analysis of baseline versus actual data to understand and communicate the project progress and performance as well as to forecast the project results. What BEST describes this process?Options:A:Measure PerformanceB:Report PerformanceC:Information DistributionD:Manage StakeholdersYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-301) - 10.2.2.5 Performance ReportingExplanation:The performance reporting process involves the periodic collection and analysis of baseline versus actual data to understand and communicate the project progress and performance as well as to forecast the project results.Question No.:25[ Question Id:1025]Question:Your subcontractor delivered building raw material 3 days late. To bring some degree of satisfaction he reduced its cost by 5%. This offer is an example of?Options:A:CompromiseB:CollaborateC:SmoothingD:ForcingYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-283) - 9.4.2.3 Conflict ManagementExplanation:Collaborate/Problem Solve. Incorporating multiple viewpoints and insights from differing perspectives; requires a cooperative attitude and open dialogue that typically leads to consensus and commitment.Question No.:26[ Question Id:1026]Question:One of the strategic decision of your organization resulted in loss of few skilled resource from your team. You know that you are going to miss a major project milestone. You are planning to acquire outside resource to improve this situation. Which Tools and Techniques would help you to Plan Risk Responses?Options:A:Strategies for negative risks or threatsB:Strategies for positive risks or opportunitiesC:Contingent response strategiesD:Expert judgmentYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-346) - 11.5.2.3 Contingent Response StrategiesExplanation:Contingent response strategies - Some responses are designed for use only if certain events occur. For some risks, it is appropriate for the project team to make a response plan that will only be executed under certain predefined conditions, if it is believed that there will be sufficient warning to implement the plan. Events that trigger the contingency response, such as missing intermediate milestones or gaining higher priority with a supplier, should be defined and tracked.Question No.:27[ Question Id:1027]Question:You are a project manager and investigating project trend report. What conclusion you can arrive with this approach?Options:A:Project performance over time to determine if performance is improving or deteriorating.B:Report showing the baseline plan to actual schedule and cost performance.C:Immature project management practices and lack of integrated management systems.D:Report showing the actual project performance to planned or expected performance.You Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-188) - 6.7.2.1 Performance ReviewsExplanation:Trend analysis examines project performance over time to determine if performance is improving or deteriorating.Question No.:28[ Question Id:1028]Question:Which type of communication means that the information is provided in the right format, at the right time, and with the right impact?Options:A:Communication Requirements AnalysisB:Interactive communicationC:Effective communicationD:Efficient communicationYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-290) - 10.1 Plan Communications ManagementExplanation:Effective communication means that the information is provided in the right format, at the right time, and with the right impact.Question No.:29[ Question Id:1029]Question:You are a project manager and in the Close Procurements phase. Your client has formally sent you information to terminate the contract with some special case. What does NOT hold true in this case?Options:A:Mutual agreement of both partiesB:Cause or convenience outside the terminations clause of the contractC:Default of one partyD:Convenience of the buyer provided in the contractYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-387) - 12.4 Close ProcurementsExplanation:Early termination of a contract is a special case of procurement closure that can result from a mutual agreement of both parties, from the default of one party, or for convenience of the buyer if provided for in the contract. The rights and responsibilities of the parties in the event of an early termination are contained in a terminations clause of the contract.Question No.:30[ Question Id:1030]Question:You are a senior manager in one of the big global IT firm. Your organization undertakes technically challenging software project. The preliminary study shows that the technical challenges may impact budget heavily. The project is in the initial stages. Where would you record these findings?Options:A:The project management planB:The project risk registerC:Risk watchlistD:Project CharterYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-67) - 4.1 Develop Project CharterExplanation:Project Charter - Read the question carefully, the question talks about initial stage of the project. All answers are right but the best one here would be Project charter because during develop project charter you document high level risk i.e. it's an outputs to the Develop Project Charter process.Question No.:31[ Question Id:1031]Question:You have recently joined a new project and you know things are not working well. Your deliverables keep changing and at the same time the functional manager keeps rotating your project resources. You are left with no other choice than to change the project baseline. What is the basic reason for this bad project progress?Options:A:Project charter is not clearB:Non supportive senior managementC:Not a clear direction from your sponsorD:Low priority projectYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-38) - 2.4 Project Life CycleExplanation:This scenario shows that the entire project life cycle is unplanned and there is no monitoring from the sponsor. This is a sponsor fault as he should set a clear direction for the project activities.Question No.:32[ Question Id:1032]Question:Summer season has begun and you are aware that your manufacturing plant will suffer from power cuts impacting the project schedule. You want to verify the variation in the project schedule if it's under acceptable limit. Which tool would you use?Options:A:HistogramB:Scatter diagramC:Run chartD:Control chartsYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-238) - Control chartsExplanation:Control charts are used to determine whether or not a process is stable or has predictable performance. Upper and lower specification limits are based on requirements of the contract. They reflect the maximum and minimum values allowed. There may be penalties associated with exceeding the specification limits. Upper and lower control limits are set by the project manager and appropriate stakeholders to reflect the points at which corrective action will be taken to prevent exceeding specification limits.Question No.:33[ Question Id:1033]Question:You are a project manager in a construction industry and in the middle of your project. By seeing the project progress your senior managers do not feel that the project quality standards would be met. What should you do in this situation?Options:A:Assure your senior management that the project is progressing as per the Quality planning.B:Show the project status report to your management.C:Invite them for a meeting and convince them that the project is under control and would meet the quality standards.D:Create a quality assurance team for audit.You Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-242) - 8.2 Perform Quality AssuranceExplanation:Perform Quality Assurance is the process of auditing the quality requirements and the results from quality control measurements to ensure appropriate quality standards and operational definitions are used.Question No.:34[ Question Id:1034]Question:You are a project manager of a chemical manufacturing plant and you are aware that your product must satisfy industry standards. You and your team know the requirements and you have created a plan to implement the deliverables considering expected quality standards. Which project management practices best describes this?Options:A:Quality ControlB:Quality assuranceC:Plan QualityD:Communication planningYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-437) - A1.5.15 Plan Quality ManagementExplanation:Plan Quality - The process of identifying quality requirements and/or standards for the project and product, and documenting how the project will demonstrate compliance.Question No.:35[ Question Id:1035]Question:You are a project manager managing a critical project. An activity which is in the critical path is delayed. What should you do?Options:A:Compress the scheduleB:Scope cutC:Inform customer/sponsor about delayD:Resource levelingYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-181) - 6.6.2.7 Schedule CompressionExplanation:Schedule compression shortens the project schedule without changing the project scope, to meet schedule constraints, imposed dates, or other schedule objectives.Question No.:36[ Question Id:1036]Question:You are a project manager and in the Close Project or Phase, what will you NOT do?Options:A:Finalizing all activities across all of the Project Management Process Groups.B:Measure project scope against the project management plan.C:Procedures to investigate and document the reasons for, if a project is terminated before completion.D:Activities such as finalizing open claims, updating records to reflect final results and archiving such information for future use.You Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-387) - 12.4.3.1 Closed ProcurementsExplanation:The Close Procurements process also involves administrative activities such as finalizing open claims, updating records to reflect final results and archiving such information for future use. This is NOT done during Close Project or Phase.Question No.:37[ Question Id:1037]Question:You are a project manager and in your project the overtime associated with the execution effort of a project are estimated at 180 hours with probability 0.4, 210 hours with probability 0.5, and 270 hours with probability 0.2. What is the monetary value of the amount of overtime?Options:A:315 hoursB:231 hoursC:236 hoursD:384 hoursYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-338) - 11.4.2.2 Quantitative Risk Analysis and Modeling TechniquesExplanation:The Monetary Value of the amount of overtime is (180 x 0.4) + (210 x 0.5) + (270 x 0.2) = 231 hours.Question No.:38[ Question Id:1038]Question:You are the project manager for a large Project. You are identifying external dependencies for the activities with management team. Identifying external dependencies are done in ______?Options:A:Define ActivitiesB:Develop ScheduleC:Sequence ActivitiesD:Control ScheduleYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-154) - 6.3 Sequence ActivitiesExplanation:C is the correct answer. Identifying external dependencies are done in Sequence Activities.Question No.:39[ Question Id:1039]Question:You are a project manager managing a software engineering project and two team members come to you with a conflict. The senior lead developer says that the subcontractor who is associated with the project always delivers his goods late. However your other resource says that the subcontractor has promise that he would deliver this packet on time. The lead developer suggests adding some buffer to the project so that, in case there is a delay, the project does not get affected. You agree to the lead developer advice and revisit the project plan with amendments. Which of these BEST describe this scenario?Options:A:TransferrenceB:MitigationC:AvoidanceD:AcceptanceYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-345) - 11.5.2.1 Strategies for Negative Risks or ThreatsExplanation:Risk mitigation implies a reduction in the probability and/or impact of an adverse risk event to be within acceptable threshold limits. Taking early action to reduce the probability and/or impact of a risk occurring on the project is often more effective than trying to repair the damage after the risk has occurred.Question No.:40[ Question Id:1040]Question:You are a project manager and you have very good experience in IT Technologies where you have participated in design and coding. The project you are managing, you feel certain deliverables can be improved with a few corrections. These corrections are going to add lots of value to the project. You have done impact analysis for the corrections you are planning to implement. What will you do FIRST to implement the correction?Options:A:Raise Change RequestsB:Create updated WBSC:Re-plan your schedule baseline and budgetD:Update the project scope statementYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-94) - 4.5 Perform Integrated Change ControlExplanation:Before you can change your budget and schedule, the change requests should be raised and approved.Question No.:41[ Question Id:1041]Question:While developing schedule, you are reviewing the inputs to schedule development. You have a document which has activity codes, person responsible, geographic area where work will be done and schedule activity type. Which document is being referred here?Options:A:Activity ListB:Activity attributesC:Activity duration estimatesD:Schedule model dataYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-152) - 6.2.3.2 Activity AttributesExplanation:Activity attributes has activity codes, person responsible, geographic area where work will be done and schedule activity type.Question No.:42[ Question Id:1042]Question:Kevin is a project manager working to improve production efficiency. He discovers that the existing on-going process requires some amendments. In order to implement better practices he would need resources to work in shifts. Kevin's functional manager does not agree to provide him with resource who can work in all shifts. What should Kevin do now?Options:A:Talk to the sponsorB:Highlight this risk to the senior stakeholdersC:Re-plan the change implementation so that existing resource can be just utilizedD:Negotiate with the Functional ManagerYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-270) - 9.2.2.2 NegotiationExplanation:It is a project manager responsibility to acquire resources on time. Negotiation is a Tools and Techniques of Acquire Project Team and is used by Project Managers very frequently to influence functional manager to get right resource in the required time frame.Question No.:43[ Question Id:1043]Question:Vince an IT project manager is collecting information on contract schedule, scope, quality, and cost performance along with all contract change documentation, payment records, and inspection results. He knows that this information can be used for lessons learned information and as a basis for evaluating contractors for future contracts. What is Vince doing?Options:A:Project Management Plan updatesB:Records Management System updatesC:Inspections and Audits updatesD:Procurement DocumentationYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-388) - 12.4.1.2 Procurement DocumentsExplanation:Procurement Documentation - To close the contract, all procurement documentation is collected, indexed, and filed. Information on contract schedule, scope, quality, and cost performance along with all contract change documentation, payment records, and inspection results are cataloged. This information can be used for lessons learned information and as a basis for evaluating contractors for future contracts.Question No.:44[ Question Id:1044]Question:Two project managers are meeting with each other to discuss the seller's performance to date on this important design-build project. There have been two changes to the project caused by a change in government regulations and three introduced errors by the seller that are being discussed. What is the BEST output of such a meeting?Options:A:Updates to the records management systemB:A letterof defaultC:Change requestsD:Impact analysis reportYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-85) - 4.3.3.3 Change RequestsExplanation:A change request is a formal proposal to modify any document, deliverable, or baseline. When issues are found while project work is being performed, change requests are submitted, which may modify project policies or procedures, project scope, project cost or budget, project schedule, or project quality.Question No.:45[ Question Id:1045]Question:You are a project manager of a big IT project. Customer has requested a change which will increase the project risk. What is your NEXT step?Options:A:Issue a change requestB:Analyze the impact of the changeC:Report to Senior Management.D:Change the Risk Management Plan.You Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-56) - 3.5 Executing Process GroupExplanation:Your first task is to analyze the impact of the change. As a result of comparing planned results to actual results (this is impact analysis), change requests may be issued which may expand, adjust, or reduce project or product scope.Question No.:46[ Question Id:1046]Question:A project manager while monitoring the project status discovers that an activity has been delayed and he would need additional resource and efforts to complete the task and bring project back to normal. What BEST he can do in this situation?Options:A:Try to compress the project schedule and see if that helps.B:Ask for additional resources.C:He should label resources immediately.D:He should apply Lead and Lag to adjust project critical path.You Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-181) - 6.6.2.7 Schedule CompressionExplanation:Here it would be best to compress the schedule with all resource he has. It should be the first option as compression techniques does help to bring back project back to track. Requesting for additional resource is something you can think when compression does not work.Question No.:47[ Question Id:1047]Question:You are a project manager and handling multiple projects with the same customer. One of the project is in the early stages. You are aware that stakeholders are very influential and firm about their requirements. You should record these as a part of:Options:A:Stakeholder registerB:Project CharterC:Communications management planD:Project Management PlanYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-398) - 13.1.3 Identify Stakeholders: OutputsExplanation:The main output of the Identify Stakeholders process is the stakeholder register. It has Identification information, Assessment information and Stakeholder classification.Question No.:48[ Question Id:1048]Question:You are a project manager handling a sensitive project where you do not know complete and clear project scope. Your sponsor has given you strict instruction to complete it in 12 months time without fail. The sponsors have paid your company the project amount and wish to check the project status directly after 12 months when the complete project is ready. Choose the BEST choice as the NEXT action?Options:A:As it's a final decision go ahead and do this project in 12 months as per your requirement understanding.B:Involve your senior management to interfere and occasionally contact the sponsor.C:You complete the project but make sure you document everything.D:You be firm with the sponsor and tell him that you need clear scope in order to complete the project.You Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-38) - 2.4 Project Life CycleExplanation:D is the best answer because as a project manager you have to assure that you have proper project scope and you are clear with constraints and assumptions.Question No.:49[ Question Id:1049]Question:Rekha is a project manager and currently doing the project closure activities. All her final deliverable of her project are validated. Now she want to start project closure activities. The FIRST step should be:Options:A:Close ProcurementB:Ensure completion of scope as per Project Management PlanC:Obtain Administrative ClosureD:Transition the deliverablesYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-100) - 4.6 Close Project or PhaseExplanation:Scope is the sum of the products, services, and results to be provided as a project. Before starting to close the project formally, Rekha should verify that all the scope is completed. The scope is measured against Project Management Plan. It's important to review it for ensuring completion of the work.Question No.:50[ Question Id:1050]Question:You are in the project initiation stage. As a project manager you are conducting a group decision making techniques to generate, classify, and prioritize product requirements. Which method would you apply here to get consensus from the largest group even if the 50% majority support is not achieved?Options:A:UnanimityB:MajorityC:PluralityD:DictatorshipYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-115) - 5.2.2.5 Group Decision-Making TechniquesExplanation:Plurality - The largest block in a group decides even if a majority is not achieved.Question No.:51[ Question Id:1051]Question:You are a project manager doing quality check for steel bolts of 20 cm. The acceptable control limits are 19.955 cm and 20.045 cm. The measurements made at the end of the process yielded the following results - 20.033 cm, 19.982 cm, 19,995 cm, 20.006 cm, 19.970 cm, 19.968 cm, 19.963 cm, 19.958 cm, 19.962 cm, 19.979 cm and 19.959 cm. What should be done?Options:A:The process is under control. It should not be adjusted.B:The process should be investigated.C:The control limits should be adjusted.D:This quality check is not really required as steel bolts are made by machines.You Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-238) - Control chartsExplanation:If there are seven points on one side of mean, then an assignable cause must be found.Question No.:52[ Question Id:1052]Question:What BEST describes stakeholder identification levels?Options:A:Interest, expectations, importance and influence.B:Interest, power, importance and influence.C:Impact, power, importance and influence.D:Impact, expectations, importance and Interest.You Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-394) - 13.1 Identify StakeholdersExplanation:It is critical for project success to identify the stakeholders early in the project, and to analyze their levels of interest, expectations, importance and influence.Question No.:53[ Question Id:1053]Question:You are a project manager and managing a high priority budget constrained project. The project is based on assumption that the budget should not be impacted by more than 10%. Global crude oil price rise has increased the cost of transportation and procured items cost by 20%. What you do FIRST?Options:A:PM cannot control global crude oil rates and hence request the sponsor to cancel the project because the project is over budget nowB:Ask the sponsor to increase the project budget by 20% so that project moves ahead.C:Do the impact analysis and update the risk registerD:Invoke a change request for supplementary budgetYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-333) - Risk register updatesExplanation:Read the questions carefully - the cost of transportation and procured items have increased by 20%. The question does not say anything about the impact on the overall project cost at all. Since the project manager does not know the project budget impact, he cannot take any action except to do the impact analysis and update the risk register with his findings.Question No.:54[ Question Id:1054]Question:You are making Activity Cost Estimates for your project. You are planning to interview experts and other stakeholders to determine estimates based on best-case, realistic effort and worst-case scenario. What BEST describes this process?Options:A:Delphi techniqueB:Expert judgmentC:Parametric EstimatingD:Three Point EstimatingYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-170) - 6.5.2.4 Three-Point EstimatingExplanation:Three Point Estimates are calculated after gathering inputs for best-case (Optimistic), realistic effort (Most likely) and worst-case (Pessimistic) scenario.

Question No.:55[ Question Id:1055]Question:The main output of the Identify Stakeholders process is the?Options:A:Stakeholder RegisterB:Stakeholder ClassificationC:Stakeholder Management StrategyD:Stakeholder Identification informationYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-398) - 13.1.3 Identify Stakeholders: OutputsExplanation:The main output of the Identify Stakeholders process is the stakeholder register. This contains all details related to the identified stakeholders.Question No.:56[ Question Id:1056]Question:You are a project manager, while reviewing the cost estimates for the project, you notice that one of the cost estimates for a component in the WBS is 25% higher than the previous project for a very similar and close work. What should you do next?Options:A:Accept the estimateB:Ask the person responsible about the differenceC:Pull the estimate from the previous projectD:Reduce the estimateYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-200) - 7.2 Estimate CostsExplanation:Best option is to ask the person responsible about the difference and create the most accurate estimate that is practical.Question No.:57[ Question Id:1057]Question:A project manager is analyzing delay caused in the project schedule. The delay is caused as the workers union called a strike. The union is unhappy because they were not invited in one of the important strategic meeting. What could have the project manager and his team done better to prevent this from happening?Options:A:Plan Risk ManagementB:Proper Communication Management PlanC:Develop Project Management PlanD:Proper Stakeholder IdentificationYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-31) - 2.2.1 Project StakeholdersExplanation:Identifying stakeholders and understanding their relative degree of influence on a project is critical. Failure to do so can extend the timeline and raise costs substantially. An important part of a project manager's responsibility is to manage stakeholder expectations and make strategy to keep them happy.Question No.:58[ Question Id:1058]Question:An unforeseen budget problem forced you to close procurements before actually you could close the project. Root cause analysis shows that the problem was during negotiations of deals that could have reduced the project costs thereby. You should:Options:A:Update Organizational Process AssetsB:Update Procurement ContractsC:Conduct Procurement AuditsD:Update Procurement DocumentationYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-389) - 12.4.3.2 Organizational Process Assets UpdatesExplanation:Lessons learnt are a part of Organizational Process Assets. The Project Manager should update this with procurement experience so that future projects can benefit. Organizational Process Assets Updates are an output of Close Procurements.Question No.:59[ Question Id:1059]Question:In the manage communications process issues logs are part of?Options:A:Stakeholder notificationsB:Project reportsC:Lessons learned documentationD:Project recordsYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-302) - 10.2.3.4 Organizational Process Assets UpdatesExplanation:Project reports - Formal and informal project reports describe project status and include lessons learned, issues logs, project closure reports, and outputs from other Knowledge.Question No.:60[ Question Id:1060]Question:Work worth $75000 has been completed after spending $80000 on a project with budget of $100000. What is required CPI for rest of the project?Options:A:0.80B:1.20C:1.25D:1.35You Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-219) - The cost performance indexExplanation:Required CPI for remaining project is TCPI. TCPI is worth of work balance / worth of money balance. TCPI = (BAC-EV)/(BAC-AC) = 25000/20000 = 1.25Question No.:61[ Question Id:1061]Question:Your project is delayed slightly as some activities turned out to be more complicated than it was planned. This is an identified risk. Which strategy would BEST fit here?Options:A:Contingency ReservesB:Management ReservesC:Risk transferD:Re Plan ScheduleYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-206) - 7.2.2.6 Reserve AnalysisExplanation:Contingency reserves are allowances for unplanned but potentially required changes that can result from realized risks identified in the risk register. Schedule delay is an identified risk. Contingency Reserves are used only for identified risks which are "known unknowns".Question No.:62[ Question Id:1062]Question:You are a project manager and you have made one of your good resource as "Single Point of Contact" for the customer. This is an example of?Options:A:Reporting structureB:Performance driven roleC:Ground rulesD:Stakeholder Management StrategyYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-277) - 9.3.2.4 Ground RulesExplanation:Ground rules establish clear expectations regarding acceptable behavior by project team members. Ground Rules are acceptable standards adopted by project teams and environments to improve working relationships, effectiveness and communication. This is a tool used in the Develop Project Teams.Question No.:63[ Question Id:1063]Question:A project manager is analyzing reasons for scope creep. He is ranking the reasons based on frequency of occurrence so that:Options:A:He can find out which scopes are not included in the project management planB:He can find out the reason why scope creep is happeningC:He can do root cause analysisD:He can focus on critical issues that are causing the scope to creepYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-237) - Pareto diagramsExplanation:Pareto Chart - The project manager is using Pareto Chart. A histogram, ordered by frequency of occurrence, that shows how many results were generated by each identified cause. It helps understand which 20% issues should be solved to correct 80% of problems.Question No.:64[ Question Id:1064]Question:You are finalizing detailed product and project description. The customer is demanding certain milestones schedule. The milestone schedule will be a part of?Options:A:Project CharterB:Scope StatementC:Project Statement of workD:Business CaseYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-123) - 5.3.3.1 Project Scope StatementExplanation:Constraints like milestones schedule are a part of scope statement. These constraints and risks are analyzed and documented while defining scope and are added to scope statement. Scope Statement is an output of Define scope.Question No.:65[ Question Id:1065]Question:In an on-going project, CPI is 0.92. What can you conclude?Options:A:Value of completed work is less than what is actually spentB:Value of completed work is more than what is actually spentC:Value of completed work is equal to what is actually spentD:Project is behind schedule and behind budgetYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-219) - The cost performance indexExplanation:CPI = EV/AC = Value of work accomplished / Actual Cost. The ratio is less than one, hence, Earned Value < Actual Cost. Value of completed work is less than what is actually spent.Question No.:66[ Question Id:1066]Question:You are a project manager handling ticket selling for Indian Premier League (IPL) cricket matches. Due to huge number of daily matches there is an increase in work load and transactions. You have now subcontracted some of your work to a new vendor. Which tool will help ensure that the quality compliance are met?Options:A:Process AnalysisB:Statistical SamplingC:Quality AuditD:InspectionYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-247) - 8.2.2.2 Quality AuditsExplanation:Quality audit is an independent review to determine if the activities comply with policies, processes and procedure. Inspection is used to verify that the work products conform to the standards. Quality Audit is a tool used in Perform Quality Assurance.Question No.:67[ Question Id:1067]Question:You are managing a chain of sensitive production process for a chemical plant of your organization. This project is severely budget constrained. One of the units is located in a politically sensitive area and an unexpected disturbance has increased the project budget by 15%. What should be the risk response strategy in this case?Options:A:AcceptB:AvoidC:ExpolitD:TransferYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-344) - 11.5.2.1 Strategies for Negative Risks or ThreatsExplanation:Best is to Avoid i.e. retreating from an actual or potential conflict situation. The scope of the project can be played with in order to meet the risk. Avoiding is a risk strategy to meet risks. It involves changing the project management plan technique used in Plan Risk Response.Question No.:68[ Question Id:1068]Question:You are a project manager of a large construction project and you are identifying some alternative techniques to generate different approaches to execute and perform the work of a project. You are doing this as a part of?Options:A:Collect RequirementsB:Control ScopeC:Validate ScopeD:Define ScopeYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-122) - 5.3.2.3 Alternatives GenerationExplanation:Identifying alternatives (Alternatives Generation, Define Scope Tools and Techniques) is a technique used to generate different approaches to execute and perform the work of the project. A variety of general management techniques can be used such as brainstorming, lateral thinking, pair wise comparisons, etc.Question No.:69[ Question Id:1069]Question:Professional and technical associations can be used as a tool during Develop Project Charter and will be part of?Options:A:Facilitation TechniquesB:Subject matter experts (SME)C:Project management office (PMO)D:Expert JudgmentYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-71) - 4.1.2.1 Expert JudgmentExplanation:Professional and technical associations is part of Expert Judgment that is a Tools and Techniques of the Develop Project Charter.Question No.:70[ Question Id:1070]Question:You are in the process of controlling changes to the project cost baseline. Which of the following are the LEAST helpful tool/ technique?Options:A:Forecasting, variance managementB:Performance measurement analysisC:Cost aggregationD:Project performance reviewsYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-217) - 7.4.2 Control Costs: Tools and TechniquesExplanation:Cost aggregation is Tools & Techniques for Determine Budget.Question No.:71[ Question Id:1071]Question:You are a project manager and in the process of Source Selection for a contract of your project. You are planning to rate or score seller proposals. There are two deciding factors: price (Weightage 40), quality (Weightage 60). The scores of four vendors that your team has computed are displayed in the table below. Which vendor will among these four should be chosen?

Options:A:Vendor 1B:Vendor 2C:Vendor 3D:Vendor 4You Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-373) - 12.2.1.3 Source Selection CriteriaExplanation:Refer the diagram below. Highest number is the best i.e. Vendor 4.

Question No.:72[ Question Id:1072]Question:Documented direction for executing the project work to bring expected future performance of the project work inline with the project management plan is called?Options:A:Corrective actionB:Preventive actionC:Defect repairD:Performance reportYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-308) - 10.3.3.2 Change RequestsExplanation:Corrective action - Documented direction for executing the project work to bring expected future performance of the project work in line with the project management plan.Question No.:73[ Question Id:1073]Question:A famous Indian socialist Anna Hazare and his team are on hunger strike for the demand of Jan Logpal Bill since long time. One of his core member Arvind Kejriwal decides to form an "Aam Admi" party after noticing no response from the government with all possible social pressure on them. Which risk response strategy Arvind Kejriwal adopted?Options:A:TransferB:MitigateC:AvoidD:AcceptYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-344) - 11.5.2.1 Strategies for Negative Risks or ThreatsExplanation:Avoid - Risk avoidance involves changing the project management plan to eliminate the threat entirely. Examples of this include extending the schedule, changing the strategy, or reducing scope. The most radical avoidance strategy is to shut down the project entirely. Keep in mind, when you change the project management plan, it's the risk Avoidance.Question No.:74[ Question Id:1074]Question:Which Project Statement of work documents the characteristics of the product that the project will be undertaken to create?Options:A:Business needB:Product scope descriptionC:Strategic planD:Business CaseYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-68) - Product scope descriptionExplanation:Product scope description - This documents the characteristics of the product that the project will be undertaken to create.Question No.:75[ Question Id:1075]Question:A project manager is in the process to determine the number and types of tests and their impact on the cost of quality. Which process describes this scenario?Options:A:Plan QualityB:Perform Quality ControlC:Perform Quality AssuranceD:Identify riskYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-239) - 8.1.2.5 Design of ExperimentsExplanation:Determining the number and types of tests and their impact on cost of quality is called Design of experiments which is done in Plan Quality process.Question No.:76[ Question Id:1076]Question:In which process is formal acceptance and handover of the final product/service performed?Options:A:Scope verificationB:Close Project or PhaseC:Contract administrationD:Contract closureYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-63) - Close Project or PhaseExplanation:Close Project or Phase - The process of finalizing all activities across all of the Project Management Process Groups to formally complete the project or phase.Question No.:77[ Question Id:1077]Question:Communication channel for two people in your project team would be?Options:A:0B:1C:3D:5You Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-291) - 10.1.2.1 Communication Requirements AnalysisExplanation:Number of communication channel will be calculated using formula n*(n-1)/2 where n is the number of people involved in the communication. Then Number of communication channel = 2(2-1)/2=2*1/2=1Question No.:78[ Question Id:1078]Question:In the quality management process, which of the following is not an attribute of the cost of non-conformance?Options:A:ReworkB:DowntimeC:UptimeD:Quality measuresYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-235) - 8.1.2.2 Cost of Quality (COQ)Explanation:Quality measures are not an attribute of the cost of non-conformance.Question No.:79[ Question Id:1079]Question:You are creating a document for an internal project that documents the narrative description of products or services to be delivered. What is your role in the project?Options:A:SponsorB:Project ManagerC:CustomerD:ClientYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-68) - 4.1.1.1 Project Statement of WorkExplanation:The statement of work (SOW) is a narrative description of products or services to be delivered by the project. For internal projects, the project initiator or sponsor provides the statement of work based on business needs, product, or service requirements.Question No.:80[ Question Id:1080]Question:You are in the middle of your project and until today you have actually completed $42,000 of work, but based on the cost plan it should be $58,000. What is percentage Schedule Variance (SV) in this case?Options:A:-16%B:27%C:-27%D:16%You Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-218) - Schedule varianceExplanation:Schedule Variance (SV): Any difference between the scheduled completion of an activity and the actual completion of that activity. SV % = (EV - PV) / PV SV % = ($42,000 - $58,000) / $58,000 = -27%Question No.:81[ Question Id:1081]Question:You are a project manager and currently doing risk assessments. What is the best course of action if the Risk Data Quality Assessment for most of the identified risks is low?Options:A:Attempt to gather more accurate dataB:Re-evaluate the risk data quality assessmentC:Put the information collected in risk registerD:No further actions are needed, since a low Risk Data Quality Assessment is sufficientYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-332) - 11.3.2.3 Risk Data Quality AssessmentExplanation:The best choice would be (A) here as the very first thing you should do is - gather more accurate information before you think to take any action. A qualitative risk analysis requires accurate and unbiased data if it is to be credible.Question No.:82[ Question Id:1082]Question:Your project has a budget of $260,000 and is expected to last for an year, with the work and budget spread evenly across all months. The project is now in the fourth month, the work is on schedule, but you have already spent $140,000 of the project budget. What is the Cost Variance in this case?Options:A:-$53,333B:$53,333C:$86667D:-$86667You Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-218) - Cost varianceExplanation:Cost Variance = Earn Value - Actual Cost Earn Value = (Total Cost/total project months) * total months completed = ($260,000 / 12)*4 = 86667, CV = 86667 - $140,000 = -$53,333.Question No.:83[ Question Id:1083]Question:What is the biggest thing a project manager gets from the approved project charter?Options:A:Statement what needs to be doneB:High level project scopeC:Project authorityD:The formal role of "Project Manager"You Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-426) - A1.4.1 Develop Project CharterExplanation:Project charter formally authorizes the existence of a project, and provides the project manager with the authority.Question No.:84[ Question Id:1084]Question:You are a project manager assigned to an on-going project. You see lots of pending scope change requests. To assess the change impact, you should get hold of?Options:A:Scope statementB:WBSC:Project managment planD:Risk managment planYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-125) - 5.4 Create WBSExplanation:You should start with the WBS as for the each WBS component, the WBS dictionary includes a brief definition of the scope or statement of work, defined deliverable(s), a list of associated activities, and a list of milestones. Other information may include: responsible organization, start and end dates, resources required, an estimate of cost, charge number, contract information, quality requirements, and technical references to facilitate performance of the work.Question No.:85[ Question Id:1085]Question:A newly appointed project manager on his first project assignment encounters disagreements among highly technical team members. How will the project manager BEST deal with the conflict?Options:A:He should listen to the differences of opinions, determine what the best choice is and implement that choice.B:He should postpone further discussions, meet with each individual, and determine the best approach.C:He should listen to the differences of opinions, encourage logical discussions, and facilitate an agreement.D:He should help the team focus on agreeable aspects of their opinions and build unity by using relaxation techniques and common focus team building.You Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-283) - 9.4.2.3 Conflict ManagementExplanation:He should help the team focus on agreeable aspects of their opinions and build unity by using relaxation techniques and common focus team building. The term "agreeable" makes this as the BEST choice.Question No.:86[ Question Id:1086]Question:Probabilistic Analysis of a project, probability of achieving cost and time objectives and trends in Quantitative Risk Analysis results are done during _______.Options:A:Perform Qualitative Risk AnalysisB:Perform Quantitative Risk AnalysisC:Plan Risk ManagementD:Identify RisksYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-333) - 11.4 Perform Quantitative Risk AnalysisExplanation:Probabilistic analysis of a project, probability of achieving cost and time objectives and trends in Quantitative Risk Analysis results are done during Quantitative Risk Analysis.Question No.:87[ Question Id:1087]Question:Which Human Resource Management process requires a variety of management skills for fostering teamwork and integrating the efforts of team members to create high-performance teams?Options:A:Develop Human Resource PlanB:Acquire Project TeamC:Develop Project TeamD:Manage Project TeamYou Answered:Not AnsweredCorrect Answer:DReference:PMBoK (v5, P-280) - 9.4 Manage Project TeamExplanation:Managing the project team requires a variety of management skills for fostering teamwork and integrating the efforts of team members to create high-performance teams.Question No.:88[ Question Id:1088]Question:Which interpersonal skills techniques a project manager can use to Manage Stakeholder Expectations?Options:A:Building trust and resolving conflictsB:Public speaking skillsC:Management SkillsD:Presentation and Negotiating skillsYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-407) - 13.3.2.2 Interpersonal SkillsExplanation:Building trust and resolving conflicts is a interpersonal skills techniques used for managing stakeholder expectations.Question No.:89[ Question Id:1089]Question:Your functional manager wants to release an experience team member from your project and assign him to a high severity project under his account. Which conflict resolution technique will you use to resolve this?Options:A:CollaboratingB:CompromisingC:SmoothingD:AccommodatingYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-283) - 9.4.2.3 Conflict ManagementExplanation:Compromising - Searching for solutions that bring some degree of satisfaction to all parties. Negotiating and compromising with the functional manager for an alternative resource or a shared resource is the best solution in this case. Compromise is a Conflict Resolution Technique, used in Manage Project Teams.Question No.:90[ Question Id:1090]Question:Your project has a budget of $20,000 and is expected to last for an year. The work and budget is spread evenly across all months. Right now the CPI is 0.9. What is Variance at Completion in this case?Options:A:-$2,500B:$22,222C:-$2,222D:$20,000You Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-222) - Variance analysisExplanation:Variance at Completion = BAC - EAC Estimate at Completion (EAC) = BAC / CPI = $20,000 / .9 = $22,222 Variance at Completion = $20,000 - $22,222 = -$2,222Question No.:91[ Question Id:1091]Question:You are a project manager involved in a big construction project. You expected a big lot of cement to reach you today, but because of bad weather trucks carrying the cement could not arrive on time. You have accepted this as a risk and the delay that might be caused because of the cement stock shortage. Which risk planning best describes this?Options:A:Unidentifiable risksB:Unmanageable risksC:Secondary risksD:Residual risksYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-348) - 11.5.3.2 Project Documents UpdatesExplanation:Components of risk register...include...Secondary risks that arise as a direct outcome of implementing a risk response.Question No.:92[ Question Id:1092]Question:You are a project manager and your team members operate from remote locations without the benefit of face-to-face contact. Which of the following will help build trust among team members and help them work together effectively?Options:A:Conducting Team TrainingB:Informal communication and activitiesC:Establishing Ground RulesD:Co-LocationYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-276) - 9.3.2.3 Team-Building ActivitiesExplanation:Informal communication and activities can help in building trust and establishing good working relationships. Informal communications are a part of Team Building Activities. It is a tool used in Develop Project Team.Question No.:93[ Question Id:1093]Question:The budget, schedule, resource allocation, scope definition and a list of milestones of the project can be included in?Options:A:Project Trend reportB:Project performance reportC:Work Breakdown Structure DictionaryD:Project management planYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-132) - WBS dictionaryExplanation:For each WBS component, the WBS dictionary includes a brief definition of the scope or statement of work, defined deliverable(s), a list of associated activities, and a list of milestones.Question No.:94[ Question Id:1094]Question:Which special "cost" categories can be included in the project cost along with cost for all resources?Options:A:Inflation allowance or contingency costsB:Management reserve costC:Known-Unknown risk costD:Cost trade-offs and risks costYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-202) - 7.2 Estimate CostsExplanation:Costs are estimated for all resources that will be charged to the project. This includes, but is not limited to, labor, materials, equipment, services, and facilities, as well as special categories such as an inflation allowance or contingency costs.Question No.:95[ Question Id:1095]Question:Scott is a project manager working in big IT company handling IT Infrastructure. He is purchasing electronic items and he wants warranty for it. What risk response strategy is he using?Options:A:TransferB:MitigateC:AcceptD:AvoidYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-344) - 11.5.2.1 Strategies for Negative Risks or ThreatsExplanation:Risk Transference - A risk response planning technique that shifts the impact of a threat to a third party, together with ownership of the response. Taking out insurance or a warranty transfers the risk from the owner to the other party.Question No.:96[ Question Id:1096]Question:As per one of the report on Apollo mission to moon, there were losses of 22 human lives before actually man landed to moon. The space agency has decided not to send any human beyond space and use robotics for this purpose. What was the key behind this decision?Options:A:Lesson learn from space related accidentsB:Outcome as a result of evaluating alternativesC:Lack of proper risk planningD:Lack of trusted/safe technology to go beyond spaceYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-54) - 3.3 Initiating Process GroupExplanation:Every mission of this kind is a project. The feasibility of the new undertaking may be established through a process of evaluating alternatives. Clear descriptions of the project objectives are developed, including the reasons why a specific project is the best alternative to satisfy the requirements.Question No.:97[ Question Id:1097]Question:Advertising is a technique used in which of the following process?Options:A:Select SellersB:Contract AdministrationC:Contract ClosureD:Bidder conferencesYou Answered:Not AnsweredCorrect Answer:AReference:PMBoK (v5, P-376) - 12.2.2.5 AdvertisingExplanation:Advertising is Tools & Techniques used in Conduct Procurements. Conduct Procurements is the process of obtaining seller responses, selecting a seller, and awarding a contract.Question No.:98[ Question Id:1098]Question:Rohan is a project manager managing a large construction roadway project. Rohan feels that one of his subcontractors is not meeting contractual quality compliance as promised in the procurement contract. What should Rohan do FIRST?Options:A:Initiate the contract change control systemB:Perform inspection and auditC:Generate performance report to analyzeD:Work on the claims administrationYou Answered:Not AnsweredCorrect Answer:BReference:PMBoK (v5, P-383) - 12.3.2.3 Inspections and AuditsExplanation:Inspections and audits required by the buyer and supported by the seller as specified in the procurement contract can be conducted during execution of the project to verify compliance in the seller's work processes or deliverable. If authorized by contract, some inspection and audit teams can include buyer procurement personnel.Question No.:99[ Question Id:1099]Question:You are reviewing several feasibility reports. One report shows a benefit cost ratio of 3:2. This means:Options:A:The costs are 3:2 times the benefitsB:The profit is 3:2 times the costsC:The payback is 3:2 times the costsD:The cost is 3:2 times the profitYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-198) - 7.1.2.2 Analytical TechniquesExplanation:Benefit cost ratio will show that the payback is 3:2 times the costs.This is not really a question framed from PMBOK, but rather from project management accounting concepts, you may see 1-2 questions in the PMP exam as well. What can be somewhat confusing is selecting the answer from the close choices. Some will argue that "payback", "benefit" and "profit" relates to the same concept. So, in projects where this is assumed (payback=profit=benefit), it might be hard to select the answer. Actually the units to measure this and other indicators must be clearly defined and agreed early in the project planning phase. But, based only on the data provided as in the question, we would select "C", as "payback" is a more broad concept than "profit" and could more easily accommodate the concept of "benefit".Question No.:100[ Question Id:1100]Question:Johan is a project manager handling a software development project. Most of his team members are inexperienced. He finds that they are not able to plan their work as per the project plan. The project does not have enough buffer to spare these team members for formal training. What can he do to improve the situation?Options:A:Involve senior managers and talk about these inexperienced people.B:Discuss with functional managers and replace the resourcesC:Arrange for on the job trainingD:Re-plan the scheduleYou Answered:Not AnsweredCorrect Answer:CReference:PMBoK (v5, P-275) - 9.3.2.2 TrainingExplanation:As a project manager its your duty to make sure you improve knowledge and skills of your team members. When you do this you actually improve product quality and control project cost. Every time training need not be planned, it can be done as a job training too. Training is a tool used in Develop Project Team.