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PMP Questions
Set of flashcards on questions commonly missed during PMP examination
171
Management
Professional
01/27/2012

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Term
When product is priced as a whole this is known as...
Definition
Life Cycle Costing
Term
When cutting unnecessary costs this is known as...
Definition
Value engineering
Term
A group of prequalified SMEs is known as...
Definition
Focus Group
Term
A group of cross-functional stakeholders that is used during project initiation is known as...
Definition
Facilitated Workshop
Term
Planning project in parts by delivery dates is known as...
Definition
Rolling Wave Planning
Term
The type of requirements gathering process that includes brainstorming and out-of-box thinking is known as...
Definition
Alternative Identification
Term
Requirements, objectives, deliverables, constrains, assumptions are all part of...
Definition
Project Scope Statement or Scope Statement
Term
Scope statement, WBS, and WBS dictionary are all part of...
Definition
Project Scope Baseline or Scope Baseline
Term
The longest path in the activity schedule is known as...
Definition
Critical Path
Term
A critical path after accounting for limited or constricted resources is known as...
Definition
Critical Chain
Term
Time buffers to keep critical chain on track are known as...
Definition
Feeding Buffers
Term
Adjusting schedule to finding replacements of overallocated resources is known as...
Definition
Resource Leveling
Term
Compressing schedule by adding resources is known as...
Definition
Crashing
Term
Compressing schedule by doing multiple activities at a time is known as...
Definition
Fast Tracking
Term
The PDM method most commonly used precedence is...
Definition
Finish-to-Start
Term
The amount of cost variance the stakeholders will allow is also known as
Definition
Control Threshold
Term
The most common type of curve shape for cost baseline or earned value is known as...
Definition
S-curve
Term
The parameters to consider when doing requirements analysis includes...
Definition
# of communication channels
Term
Risk register is an output of...
Definition
Analyze Risk process
Term
The risk analysis process that generates impact, probability, priority and risk score is known as
Definition
Qualitative Risk Analysis
Term
The risk analysis process that generates impact to cost and schedule is known as...
Definition
Quantitative Risk Analysis
Term
The document that describes processes for identifying and analyzing risk is known as...
Definition
Risk Management Plan
Term
The contract used when there is most uncertainty about the project is...
Definition
Cost Plus
Term
Prevention, appraisal, and failure are all parts of...
Definition
Cost of Quality
Term
The theory of "0 defects in the process" was developed by...
Definition
Crosby
Term
The theory of "make it right the first time" was developed by...
Definition
Juran
Term
The theory of "quality is a management problem" was developed by...
Definition
Deming
Term
The theory of "Total Quality Management" was developed by...
Definition
Feigenbaum
Term
The theory of "Plan-Do-Check-Act" was deveoped by...
Definition
Shehart
Term
The theory of "Continuous Improvement" is known as...
Definition
Kaizen
Term
Meeting quality standards, higher stakeholder satisfaction, less reword, and lower costs are all benefits of...
Definition
Meeting Quality Standards
Term
Corrective, preventive, and defect repair are all change requests that are part of which project process?
Definition
Direct & Manage Project Execution
Term
Hierarchy of needs motivational theory was developed by...
Definition
Maslow
Term
Hygiene Theory was developed by...
Definition
Heizberg
Term
Expectation Theory was developed by...
Definition
Vroom
Term
The theory that people are motivated by achievement, power, and affiliation was developed by...
Definition
McCleland
Term
The theory that people are motivated by achievement, power, and affiliation is known as...
Definition
Achievement Theory
Term
The theory of X/Y was developed by...
Definition
McGregor
Term
The theory where Y type of individual would perform better with proper motivation is known as...
Definition
Contingency Theory
Term
The time series performance forecasting tool is based on...
Definition
Historical project information
Term
The forecasting tool that is used to determine variables and their impact on the project is known as...
Definition
Regression Analysis
Term
Judgemental and Monte Carlo tools are part of...
Definition
Forecasting Project Peformance
Term
The parts of the Configuration Management system are...
Definition
Configuration Identification, Configuration Status Accounting, and Configuration Verification
Term
Development of cohesive team occurs during...
Definition
Conflict Resolution
Term
The concept used to determine persons willingness to take a risk is known as...
Definition
Utility Theory
Term
The output that shows patterns and trends in a row of data points is known as...
Definition
Run Chart
Term
The computer program that is used to simulate and determine probabilities is known as...
Definition
Monte Carlo
Term
A company wants to deal with only 1 seller. This seller is also known as...
Definition
Single Source Seller
Term
Flexibility and inclusion of PM are characteristics of the...
Definition
Change Control Board
Term
Status meeting, conversation, presentation, and email are parts of communication. Which is NOT a formal communication?
Definition
Email
Term
A positive cost variance at the end of the project is known as...
Definition
Management Contingency
Term
Best way to calculate ETC is...
Definition
manual calculation
Term
The source to provide best language to be used for multinational projects is...
Definition
PMBok Guide
Term
T/F PMBok is a recommended set of standards only; PM do not have to adhere to it.
Definition
True
Term
The best way to adjust a team to working with overseas counterparts is via...
Definition
Cultural Exposure
Term
Verification of compliance of results or deliverables to required specifications is known as...
Definition
Quality Control
Term
Verification that a process complies with standards is known as...
Definition
Quality Assurance
Term
The last step in project closing is...
Definition
Archiving
Term
The best group to work on lessons learned at project closure is...
Definition
Stakeholders or Project Team (different websites give different advice)
Term
A key component to team development is...
Definition
Individual Development
Term
Peer review is a tool used during...
Definition
Project Selection
Term
Which deliverable-oriented document assures that all work is included
Definition
WBS
Term
Bar charts, Gantt Charts, S-Curves, Histograms, and Tables are all examples of...
Definition
Performance Reports
Term
A common meeting place used in co-location is known as...
Definition
War Room
Term
T/F Functional charts are part of Organizational Charts
Definition
False
Term
Any input with word "template" is most likely part of...
Definition
Organizational Process Assets
Term
T/F Resource Breakdown Structure is Organizational Chart
Definition
True
Term
The contract type used when large initial investment is required is known as...
Definition
Cost Reimbursable
Term
Configuration Manager requires all approvals to come from...
Definition
Change Control Board
Term
The project scheduling technique that allows for conditional and probabilistic treatment is called...
Definition
GERT
Term
Project conflicts should always be resolved in favor of the...
Definition
Customer
Term
In what type of project the deliverables of previous phase must be approved before the next phase begins?
Definition
Sequential
Term
In what type of project can the planning for the next phase begin while current phase in executing?
Definition
Iterative
Term
Project Management Information System is part of...
Definition
Enterprise Environmental Factors
Term
NPV assumes reinvestment is made at...
Definition
Cost of Capital
Term
T/F Weighted Scoring techniques are mathematical models.
Definition
False
Term
The process that acknowledges the authorization to begin project, assignment of project manager, and defining objectives is called...
Definition
Develop Project Charter
Term
Project Charter should be published under name of...
Definition
Person with authority, usually project sponsor.
Term
The types of decision reached during group decision making techniques are...
Definition
Plurality, Majority, Unanimity, and Dictatorship
Term
Is activity list part of project schedule or WBS?
Definition
Project Schedule
Term
Which diagramming method utilize only 1 time estimate for each activity?
Definition
PDM
Term
Network template is a different name for...
Definition
ADM
Term
What is the main flow of Project Management software?
Definition
It requires management from PM
Term
Alternative names for EV, AC, and PV are...
Definition
BCWP (budgeted cost of work performed)
ACWP (actual cost of work performed)
BCWS (budgeted cost of work schedule)
Term
What are the categories of results of variable sampling?
Definition
Acceptable, acceptable after rework, and rejected
Term
Acceptable, acceptable after rework, and rejected are all examples of results from ...
Definition
Variable Sampling
Term
What is the the output of Source Selection technique?
Definition
Contract
Term
What is the category or rank given to entities having the same functional use but different technical characteristics?
Definition
Grade
Term
Maximum intensity conflicts occur over...
Definition
Schedule
Term
Performance reporting, trend analysis, and earned value analysis are all part of ...
Definition
Performance Reporting
Term
Performance value analysis, functional analysis, quality function deployment are all tools of (a), and the function they serve is (b)
Definition
(a) product analysis
(b) develop better understanding of the process
Term
What type of conflict resolution belittles the conflict and focuses on positives?
Definition
Smoothing
Term
T/F Any configuration changes that are classified as "automatic approval" can be implemented without seeking approval from CCB.
Definition
True
Term
T/F Earned Value Management is a tool of project plan development.
Definition
True
Term
T/F WBS is a tool of project plan development.
Definition
False
Term
Salaries of corporate executives and overhead costs are known as...
Definition
Indirect Costs
Term
T/F Cost Management Plan is an input to Estimate Cost or Estimate Budget processes.
Definition
False
Term
T/F Cost Management Plan is an input to Identify Risk process.
Definition
True
Term
A project under CCPC contract has ran over budget. Will the percentage award amount be calculated based on budget amount or actual amount?
Definition
Actual Amount
Term
Who has power over project in a functional organization?
Definition
Functional Manager
Term
T/F Process analysis function is part of quality improvement plan.
Definition
False, it is part of Process Improvement plan
Term
T/F Product requirement is an input to the assessment of the completion of project scope.
Definition
False, it is part of assessment of Product Scope
Term
A customer receives a defective deliverable and decides to fix and bill the supplier for the time and materials. This is considered a...
Definition
Back charge
Term
The changes to cost baseline will go through the system known as...
Definition
Cost Change Control system
Term
During which project phase do we do Perform Quality Assurance
Definition
Execution
Term
During which project phase do we do Perform Quality Control?
Definition
Monitoring
Term
As a rule of Thumb each activity in WBS should take less then...
Definition
80 hours
Term
Management thinks that a good software developer would also make a good manager. This is an example of...
Definition
Halo Effect
Term
T/F Quality control chart indicates 7 points on one side of the mean. This shows that the process is out of control.
Definition
True
Term
An estimation technique that assumes that cost per unit will decrease as more units are produced is known as...
Definition
Learning Curve
Term
Level of accuracy for order of magnitude should be between...
Definition
-25% to +75%
Term
The tool or technique used during Develop Project Charter  process is known as ...
Definition
Expert Judgement
Term
T/F With respect to product or service being produced bad grade is acceptable while bad quality is not.
Definition
True
Term
From the perspective of the project a compromise is what type of resolution?
Definition
Loose-Loose
Term
T/F If the project is running ahead of schedule the project manager should ask to reduce staff.
Definition
True
Term
T/F During exit gate or kill point the project deliverables are evaluated.
Definition
True
Term
High level requirements, schedule, and budget are found in...
Definition
Project Charter
Term
T/F As a rule of thumb when choosing between projects based on NPV the project with lowest NPV should be selected.
Definition
False
Term
T/F Benchmarking is a tool of Quality Control process.
Definition
False
Term
5 stages of Maslow pyramid are...
Definition
Physiological, safety, social, self-esteem, self-actualiation
Term
A process where a committee asks questions from project representatives as part of the project selection process is known as...
Definition
Murder Board
Term
Amount of time after the completion of the predecessor activity, when the successor activity can start is known as ...
Definition
Lag
Term
Project managers spend (x) amount of time communicating.
Definition
90%
Term
T/F When the project is completed additional modifications to scope are allowed with CCB approval.
Definition
False, should be done as part of new project.
Term
When the team is afraid of the Project Manager, the power yielded is of type...
Definition
Coercive
Term
T/F WBS is an input to conduct procurement process.
Definition
False
Term
The contract type that is most often used for staff augmentation is called...
Definition
Time and Material
Term
The contract with cost based incentive percentage fee is called...
Definition
CPPC
Term
The 6 typical constrains on the project are...
Definition
Scope, resources, budget, team, schedule, and risk
Term
The 3 outputs of Verify Scope process includes...
Definition
Accepted deliverables, change requests, and project document updates
Term
What does PM use as a basis for budget and schedule in the reporting process?
Definition
WBS
Term
T/F At the very least senior management should do reviews at a phase end.
Definition
True
Term
T/F Scope definition process assigns task responsibility
Definition
False
Term
A system to control emerging project scope against the scope baseline is...
Definition
Change Control System
Term
T/F Variance analysis is a tool used during Scope Change control
Definition
True
Term
Forecasting future based on past performance is called (x), and is usually displayed using what type of chart (b)?
Definition
(a) Trend Analysis (b) Run chart
Term
The 4 responses to positive risk are...
Definition
Exploit, enhance, share, accept
Term
T/F The document to consult when risk has occurred is risk response plan
Definition
True
Term
Completion of the product scope is measured against...
Definition
WBS and WBS dictionary
Term
Verify scope primary role is to...
Definition
Obtain stakeholders formal acceptance
Term
T/F Project charter is an input to WBS.
Definition
False
Term
T/F Work package is the lower component of WBS and can be scheduled.
Definition
True
Term
Negotiating with functional managers for resources is part of what process?
Definition
Acquire Project team
Term
The review of projects and programs for prioritization is part of...
Definition
Portfolio Management
Term
Which activity is done during Verify Scope?
Definition
Inspection
Term
Who creates the project baseline?
Definition
Project Team
Term
Fishbone and Pareto diagrams are tools of which process?
Definition
Perform Quality Control
Term
Managing changes is part of which process?
Definition
Integrated Change Control
Term
T/F Project performance appraisals focus on individual performance.
Definition
True
Term
T/F Meetings are considered informal verbal type of communication.
Definition
True
Term
3 most important inputs to administrative closure include...
Definition
technical documentation on the product, project plan, and project reports
Term
4 tools of Report Performance include...
Definition
Variance analysis, forecasting, communication, and reporting systems
Term
T/F Administrative closure occurs before contract closure.
Definition
False
Term
A list of stakeholders and their influence on the project is known as...
Definition
Stakeholder Matrix
Term
T/F Risk register may contain risks with 100% probability of occurrence.
Definition
False
Term
T/F Procurement audits will also review Plan Procurement process.
Definition
True
Term
Which type of contract has elements of both fixed-price and cost-reimbursable arrangements?
Definition
Time and Material
Term
What are 5 elements of contract?
Definition
Offer, consideration, acceptance, capacity, legal purpose
Term
Bidder conferences is a tool and technique of what process?
Definition
Conduct Procurement
Term
T/F Critical Path Method uses deterministic method, meaning it case one time estimate
Definition
True
Term
Procedures for closing out a contract can be found in...
Definition
Contract itself (terms and conditions)
Term
T/F Interviewing during Quantitative Risk Analysis process helps to determine impact and probability of risk on the project goals.
Definition
False, interviewing is data gathering technique only, does not generate actual numbers.
Term
T/F A program is a collection of related projects, and provides a higher level on management control versus projects being done separately.
Definition
True
Term
When closing out contract what document do you need to review?
Definition
Procurement Audit
Term
Determining procedures to be used to meet quality standard is conduct in which process?
Definition
Perform Quality Assurance
Term
T/F Control accounts are not part of RAM
Definition
True
Term
The process of adding features to the project in order to consume budget is called (a), and such projects are considered (succussful or unsuccessful)?
Definition
gold-plating, unsuccessful
Term
A process that determines if result conforms or does not conform to standard is called (a), while process that determine the degree of conformity is called (b)
Definition
(a) attribute sampling
(b) variable sampling
Term
The process performed in response to contract changes, funding changes, or changes in project's objectives is called...
Definition
re-baselining
Term
The amount of item an activity can be delayed without delaying the early start date of immediately following activities is called...
Definition
free float
Term
The amount of item activity can be delayed without compromising project finish date is called...
Definition
total float
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