Pmp Exam

Topics: Project management, Risk management, Management Pages: 27 (6487 words) Published: September 5, 2012
1. ________ is typically not referred to as a buffer type in critical chain project management.
Resource buffer
Free buffer
Feeding buffer
Project buffer
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2. A company has to make a choice between two projects, because the available resources in money and kind are not sufficient to run both at the same time. Each project would take 9 months and would cost $250,000.

The first project is a process optimization which would result in a cost reduction of $120,000 per year. This benefit would be achieved immediately after the end of the project.
The second project would be the development of a new product which could produce the following net profits after the end of the project:

1. year: $ 15,000
2. year: $ 125,000
3. year: $ 220,000

Assumed is a discount rate of 5% per year. Looking at the present values of the benefits of these projects in the first 3 years, what is true?
Both projects are equally attractive.
The first project is more attractive by app. 7%.
The second project is more attractive by app. 5%.
The first project is more attractive by app. 3%.
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3. A production process has been defined as part of an industrial equipment manufacturing project. The process is intended to produce steel bolts with a length of 20 cm. The control limits are 19.955cm and 20.045cm.

The measurements made at the end of the process yielded the following results:

20.033cm, 19.982cm, 19,995cm, 20.006cm, 19.970cm, 19.968cm, 19.963cm, 19.958cm, 19.962cm, 19.979cm, 19.959cm.

What should be done?

The process is under control. It should not be adjusted.
A special cause should be investigated, the process should be adjusted.
The control limits should be adjusted.
The measuring equipment should be recalibrated.
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4. Your project management team includes two external consultants each from a different company. You found that repeated conflicts between the two consultants already slow down project progress and jeopardize achievement of objectives.

Which stage of team development can be difficult to overcome in such a situation?
Storming from Forming, Storming, Norming, Performing
Panic from Enthusiasm, Panic, Hope, Solution
Kickoff from Assignment, Kickoff, Training, Communicating
Frustration from Direction, Frustration, Cooperation, Collaboration See references Marked for review
5. During a project, earned value analysis is performed, resulting in the following numbers:

EV: 523,000; PV: 623,000; AC: 643,000.

Which results are correct?

CV: +120,000; SV: +100,000
CV: +100,000; SV: +120,000
CV: -100,000; SV: -120,000
CV: -120,000; SV: -100,000
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6. A project manager spent some days to create a multi-page document, which he called project charter. The document should have been issued by the project sponsor. The sponsor found the document outsized and asked for a condensed document.

Which of the following is usually not an element of the project charter?
The authority level of the project manager
Detailed control account and work package descriptions
The business need that the project was undertaken to address
High-level risks
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7. A document called ____________ is created by decomposing the project scope into smaller, more manageable elements.
Scope Statement
Network Logic Diagram
Work Breakdown Structure
Requested Change
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Which of the following tools is used to create a risk management plan?

Risk planning meetings
Documentation reviews
Data precision rankings
Diagramming techniques
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9. In order to speed up a project, you made a decision to fast-track a phase currently performed with five team members, and another...
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