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Umakanth's PMP Incorrect

This document provides a summary of a mock exam on project management concepts. It includes 38 multiple choice questions testing topics like risk management, change management, stakeholder engagement, project scheduling, and more. For each question, it shows the selected answer, actual answer, and an explanation of why the actual answer is correct.
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0% found this document useful (0 votes)
130 views5 pages

Umakanth's PMP Incorrect

This document provides a summary of a mock exam on project management concepts. It includes 38 multiple choice questions testing topics like risk management, change management, stakeholder engagement, project scheduling, and more. For each question, it shows the selected answer, actual answer, and an explanation of why the actual answer is correct.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Umakanth's Career Growth Academy

Free PMP Mock exam

Welcome to Mock Exam on PMP

Final Report

All Correct Wrong Incomplete

Question 1 : During project executing, the project manager is spending a lot of time solving problems that arise. It would be Better for the
project manager to transfer his efforts to:

Selected Answer : Executing the project management plan and making sure the quality management plan is viable
Actual Answer : Identifying additional risks and following the risk management process

Explanation : This question includes a lot of things that could be done. Before you read on, look again at the choices. The project
manager need not focus on holding more meetings, and the team should not solve ALL problems (choice A). Executing the project
management plan (choice B) is not as proactive as choice C. Sensitivity analysis (choice D) is done during the Perform Quantitative Risk
Analysis Process. Only identifying more risks (choice C) gets to the root cause of the problem.

Question 2 : You are a project manager working on a project to market a new product. The deliverables of the project have been
established, and the project work has begun. A contract to deliver the deliverables has been signed. The customer who has signed the
contract has telephoned you to request additional work to be done on the project. This work will affect the budget but not the schedule
of the project. This project has a high priority with your company. What should you so next?

Selected Answer : Arrange to meet with the project team to discuss this change
Actual Answer : Respond to the customer’s request by explaining the change procedure and asking that he or she submit a request for
change

Explanation : Respond to the customer’s request by explaining the change procedure and asking that he or she submit a request for
change

Question 7 : All of the following are the responsibility of a project manager EXCEPT

Selected Answer : Determine the legality of company procedures


Actual Answer : Ensure that a conflict of interest does not compromise the legitimate interest of the customer

Explanation : The project manager is neither empowered nor competent to determine the legality of company procedures.

Question 10 : On your current project, EV = $45,000, AC = $50,000, PV = $40,000. What is the schedule variance as a percentage of the work
accomplished at this point in time?

Selected Answer : -90%


Actual Answer : +88.8%

Explanation : the formula for schedule variance is SV = EV – PV. Therefore the schedule variance as a percentage of the work
accomplished is PV/EV or +88.8%

Question 11 : Stakeholders are generally classified based on their ________________________?

Selected Answer : Power, impact, interest


Actual Answer : Interest, influence, involvement

Explanation : Stakeholders should be classified according to their interest, influence, and involvement... PMBOK Guide®, 5th edition, p. 394.

Question 12 : The project manager is completing the feasibility phase and is about to start the development phase. What is this transition
phase called?

Selected Answer : Project Initiation Closure


Actual Answer : Phase Gates

Explanation : Phase Gates are the process of handing over deliverables from one phase to other

Question 14 : You are in charge of managing a software development project which is related to simulations. For driving racing cars. In
one of your team meetings - it has been reported that a lot of issues. Have been reported in the air tunnel modeling module. On deeper
analysis - it is found that many of the issues could have been prevented had a simple code review checklist been used. Youprepare a
code review checklist and ensure the code is reviewed as per the checklist. This is a good example of: Privacy - Terms
Selected Answer : Preventive Action
Actual Answer : Corrective Action

Explanation : This question is meant to test your understanding of the difference between what corrective action and preventive action
is. Defect repair might sound tempting - but it is only applicable for the issues found for the current delivery. This is also not about Quality
Control - so that leaves us with only two options - Corrective or Preventive actions. Corrective actions are always preceded by
nonconformity while preventive actions are never preceded by nonconformity. In this case nonconformity in the form of a lot of issues
during Quality Assurance were reported. The root cause was identified to be the need of a standard checklist which was then used.
Preventive action is always taken proactively - in the question stated there is no demonstration of any proactive steps taken - hence this
is not an example of Preventive action. The correct answer is option A -Corrective action

Question 16 : What is the importance of the team reviewing the WBS during the Identify Risks process?

Selected Answer : It is a deliverable-oriented grouping of project elements that organizes and defines the total scope of the project.
Actual Answer : The WBS includes all the work to be done, and only the work to be done, so it helps the team identify potential sources of
risks.

Explanation : The WBS includes all the work, and only the work required to complete the project, so it helps the team identify potential
sources of risks.

Question 18 : Which of the following would your project team use for a regular project progress review?

Selected Answer : Milestone chart


Actual Answer : GANTT chart

Explanation : GANTT charts are bar charts showing individual tasks with start and end dates, and would therefore be the most useful for
the purpose of team reviews on project progress

Question 19 : The Project Manager is involved in acquiring the project team for a highway expansion project. The Project Manager is
presently discussing salary, working hours, travel, and benefits. What key tool is the Project Manager utilizing?

Selected Answer : Staffing management plan


Actual Answer : Negotiations

Explanation : Negotiation is key in acquiring staff for a project. It can include salary, benefits, and job responsibilities. A staffing
management plan defines the staffing rules for the project, specifically when and how human resource requirements will be met. The
project team directory shows who is on the team. The organizational chart shows reporting structures on the project.

Question 22 : A contract is legally binding in all the following cases EXCEPT:

Selected Answer : The signatory for the contract leaves the company
Actual Answer : The contract violates the law

Explanation : A contract is a legal relationship subject to remedy in the courts. Contracts involving illegal activity cannot be enforced in
courts.

Question 23 : Getting human resources assigned when there is no one in-house with the necessary skill sets is known as ________.

Selected Answer : Pre-assignment


Actual Answer : Acquisition

Explanation : Acquisition is the act of acquiring from outside the organization those people possessing the skills needed to complete a
project.

Question 27 : According to McGregor's Theory X, people are ________________ and need to be _________________.

Selected Answer : Driven, empowered


Actual Answer : Lazy, micromanaged

Explanation : According to McGregor's Theory X, people are lazy and need to be watched closely.

Question 32 : A project sponsor is studying the project contract and going through the narrative description of products and services to
be supplied under contract. He is also meeting key stakeholders and Subject Matter Experts to evaluate whether or not the project is
worth the required investment. Which of the following documents would be created as an output in the process?

Selected Answer : Project Statement of Work


Actual Answer : Project Charter

Explanation : The Project sponsor is in the develop project charter process, in project integration management and using statement of
work to understand the product requirements and descriptions. The output of this process is a project charter, which once approved
formally initiates the project. A project charter documents high-level project descriptions and business needs of the project, along with a
current understanding of the customer's needs, risks, name of the sponsor, and so on.
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Question 33 : If a project has a To Complete Performance Index (TCPI) of 0.90, this means that:

Selected Answer : the project can spend money at a rate 11% higher than planned and still meet the project budget
Actual Answer : The project can spend money at a rate 11% higher than planned and still meet the project budget

Explanation : The To Complete Performance Index (TCPI) is the efficiency needed to finish the project on budget. If it is smaller than 1, that
means that we have more money left on the budget than the remaining Planned Value (PV) to achieve. Therefore, in theory, we can
spend more money yet can still finish the project on budget. (However, in reality, it is generally preferred to finish the project under
budget. A TCPI smaller than 1 is a good sign that the project is going healthy.)

Question 34 : One phase is planned at any given time and the planning for the next is carried out as work progresses on the current
phase and deliverables. Which of the following correctly defines the above text?

Selected Answer : Multi-phase relationship


Actual Answer : Iterative relationship

Explanation : An iterative relationship is where one phase is planned at any given time and the planning for the next is carried out as
work progresses on the current phase or deliverable.

Question 38 : A hospital is installing a new management system to computerize the hospital functions. For this purpose, representatives
from several departments are selected to create a task force assigned to implement the project. This organization structure is called?

Selected Answer : Functional Organization


Actual Answer : Composite Organization

Explanation : Many times even a fundamentally functional organization may create a special project team to handle a critical project.
This may have many characteristics of a project team in a projectized organization. The team may include full-time staff from different
functional departments, may develop its own set of operating procedures, and may operate outside the standard, formalized reporting
structure.

Question 39 : For the project with Earned Value (EV) = $350, Actual Cost (AC) = $300 and Planned Value (PV) = $400. The original project
budget is $1,000. Assuming the remaining work will be impacted by the current cost performance and current schedule performance,
what is the Estimate At Completion (EAC) of the project?

Selected Answer : $1280


Actual Answer : $936

Explanation : Here Budget At Completion(BAC)=$1,000 ; Actual Cost(AC) = $300 ; Earned Value(EV) = $350. CPI = EV / AC = $350/$300 = 1.16.
SPI = EV / PV = $350/$400 = 0.875. EAC = AC + (BAC-EV) / CPI x SPI = 300 + (1000-350) / 1.167 x 0.875 = 936

Question 40 : A Project Manager is in the process of documenting and defining stakeholder's needs to meet project objectives. What is
the output of this process?

Selected Answer : Stakeholder Register


Actual Answer : Requirements Documentation

Explanation : The Project Manager is in the process of 'collect requirements' which has the output - requirements documentation. This
document describes how individual requirements meet the business need for the project. It is important that the requirements
documented are unambiguous (measurable and testable), traceable, and acceptable to key stakeholders. Option A, stakeholder
register is only a list of stakeholders in the project,

Question 51 : When managing current projects, it is important to use lessons learned from previous projects to improve the
organization's project management process. Therefore, in project closing procedure, it is important to review the ___________

Selected Answer : WBS Dictionary.


Actual Answer : Checklist for Identify risks.

Explanation : Checklists are a tool & technique of the identify risks process and include the risks encountered on similar, previous
projects identified through the lessons learned process and from other sources. The project team should review the checklist as part of
the identify risks process as well as during closeout. The team should add to the list as necessary, based on its experience, to help others
in the future.

Question 57 : You are managing a large project team that has some new members joining. You would like to take the entire team
through the project schedule and update them on where the project stands with respect to the original plan. Which of the following
charts would be most helpful for this purpose?

Selected Answer : Milestone Chart


Actual Answer : Gantt Chart

Explanation : A Gantt chart is a bar chart that shows the activities of a project, when each must take place, and how long each will take.
As the project progresses, bars are shaded to show which activities have been completed. People assigned to each task also can be
represented. This is the most effective tool to show the people assigned to the project where they are with respect to the original plan.

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Question 60 : A Project Manager working on a construction project identifies a risk of a heavy storm in the coming months which might
affect the construction activity. However, he doesn't have any reliable information on the weather forecast or the severity of the storm. In
this case, what is the BEST Project Manager can do?

Selected Answer : Proceed with Risk Response Strategy to counter the Risk
Actual Answer : Actively accept the risk and allocate time and cost reserve in contingency fund

Explanation : In this situation the Project Manager has no information on the timing, anticipated frequency, or impact of the expected
rough weather. Option D, will not give any valuable information. The best option is (c) to accept the risk, but plan a contingency reserve in
terms of cost and time in case the risk occurs. Option A, and B are passive approach and are not recommended for a good Project
Manager who should be always proactive in his approach towards risk management.

Question 66 : An organization is trying to choose between two projects. Project A has an estimated cost of $400,000 and an estimated
NPV of $90,000. Another project B has an estimated cost of $360,000 and an estimated NPV of $110,000. If the senior management decides
to go ahead with project B, what would be the opportunity cost?

Selected Answer : $20,000


Actual Answer : $90,000

Explanation : Project B was preferred over project A. So, the opportunity cost would be the NPV of project A, which was not chosen.

Question 71 : For a multi-phased project, when does the Close Project or Phase process needs to be done and what all need to be done?

Selected Answer : Close Project or Phase process needs to be done at the end of each phase of the project; however, it is left to the
project manager's opinion on whether he/she wants to perform this process in between phases. It necessarily needs to be done at the
end of the project.
Actual Answer : Close Project or Phase process needs to be performed at the end of each phase of the project and involves closing out
the portion of project scope applicable to that phase.

Explanation : In multi-phase projects, the Close Project or Phase process is done at the end of each phase and closes out the portion of
project scope and associated activities for a particular phase. In multiphase projects, processes are repeated within each phase until
the criteria of phase completion have been satisfied. When we talk about procurement management, in multiphase projects the term of
a contract may only be applicable to a given phase of the project

Question 72 : ‘Sam’ the project manager is holding a team meeting and stakeholders to discuss and learn that what has hindered and
what has helped the project and project team’s performance. All the following statements are true regarding this situation except for
which one? Choose the least correct answer

Selected Answer : These meetings are called lesson learnt meeting and the documentation for lessons learnt is used to distribute
information. These meetings are good team building activity.
Actual Answer : The information gathered from these meetings concerns processes and activities which have already occurred, so it
can be most useful only for the future projects as lessons learnt.

Explanation : The meeting that the project manager has called is ‘Lessons Learnt’ meeting and that is a great team building activity. All
options except B hold good and true about it. Option B does not hold good because, it is not compulsory that lessons learnt document
can only be used by future projects, it can be used for current project and team members as well.

Question 75 : Sam is the project manager and asked his team to come up with estimates of a new module need to be added in the
current software. The team has come up with estimate of 25 weeks and informs you that it can be shortened by 2 weeks if everything
goes well. But because of some dependencies on third party, project can be delayed by five weeks. How these numbers can help Sam to
calculate three-point estimate for the project.

Selected Answer : 22.6 weeks


Actual Answer : 25.5 weeks

Explanation : PERT three-point estimation formula = (Optimistic Time + 4 x Most Likely Time + Pessimistic Time) ÷ 6. In this question we
need to derive the value for Optimistic and pessimistic time. Most likely time given as 25 weeks and optimistic can be calculated as 25 –
2 (as team as said, it can be done 2 weeks earlier in best scenario) = 23. The third party dependencies can delay project by 5 weeks
which gives us pessimistic time = 25 + 3 = 30 weeks. Now we can use PERT to calculate estimate as (23 weeks + 4 x (25 weeks) + 30 weeks)
÷ 6 = 25.5 weeks

Question 76 : Sam is looking for 2 Java Programmers for his project which he is managing as project manager. He had worked with
Raymond who is an expert Java programmer in project which is completed year back now. He has met with Joe who is just out of school
and Sam liked his attitude and would like to take him in his team even if he is lesser effective what he is looking for. Where can Sam, the
project manager, find the information for the availability of Raymond and Joe so that he can put both on the project and get the work
started?

Selected Answer : Historical information


Actual Answer : Resource pool.

Explanation : The characteristic of the resource pool is to keep data about a set of resources available for assignment to project tasks.
Sam can check availability of Raymond and Joe from the resource pool that makes option A as correct answer. Option B and C are
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incorrect as they don’t keep any information about resource availability instead they both provide information on how to plan for
resources. Scope statement does not relate to the problem resource availability

Question 82 : You are performing integrated change control in your project. Which of the following will NOT be part of the process?

Selected Answer : Reviewing and approve Baselines


Actual Answer : Perform Milestone Trend Analysis

Explanation : Integration change control process is all about reviewing all change requests, approving changes, and controlling
changes to the deliverables, organizational assets, project documents and the project management plan and communicating its
disposition. Option A, B and C are done under Integrated Change Control process. Option D – Milestone Trend Analysis is used to visualize
the history and prognosis of important milestones that can help in timely detection of any deadline bottlenecks. It is not part of
Integrated Change Control process.

Question 86 : There is risk which has a 7% chance of happening, and if it occurs it will cost you 2,500 USD. What is the EMV of this event?

Selected Answer : 175 USD


Actual Answer : -175 USD

Explanation : EMV = Impact * Probability

Question 87 : All the following statements relating to the project management team and the project team are accurate EXCEPT:

Selected Answer : The project management team is a subset of the project team.
Actual Answer : The project team is responsible for activities like planning, controlling, and closing.

Explanation : The project management team is a subset of the project team and is responsible for the project management and
leadership activities such as initiating, planning, executing, monitoring, controlling, and closing the various project phases. This group
can also be referred to as the core, executive, or leadership team. For smaller projects, the project management responsibilities can be
shared by the entire team or administered solely by the project manager.

Question 91 : Which of the following does not identify someone as a stakeholder during stakeholder analysis?

Selected Answer : Someone who is affected by the need


Actual Answer : Someone who creates a need

Explanation : The term stakeholder is very broad and generally includes quite a few groups. However, someone who creates a need is
ambiguous enough to not fit well within this list. There will always be people who create needs or problems on your project, and that
does not automatically qualify them as a stakeholder.

Question 93 : In your project, you are using Report Performance 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:

Selected Answer : S-curves, responsibility assignment matrices, histograms


Actual Answer : Bar charts, S-curves, histograms

Explanation : Common formats for performance reports include bar charts, S-curves, histograms, and tables.

Question 98 : Cost benefit analysis is done in the ___________process:

Selected Answer : All of the above


Actual Answer : Plan Quality

Explanation : Cost benefit analysis is done in the Plan Quality process

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