PMI PMP-Project Management Professional Practice Exam Q. 1421 to 1430
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Set of 10 Questions
Correct Answer has been Highlighted in RED
Q. 1421: To practice effective schedule control, your project team must be alert to any issues that may cause problems in the future. To best accomplish effective schedule control, the team should:
A. Review work performance information
B. Allow no changes to the schedule
C. Update the schedule management plan on a continuous basis
D. Hold status reviews
Section: Mix Questions
Justification in favor of the correct answer:
The calculated SV and SPI time performance indicators for WBS components, in particular the work packages and control accounts, are documented and communicated to stakeholders as an output of the control schedule process.
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Q. 1422: Functional managers play a vital role in ensuring project success. Since most projects operate in a matrix environment, there is shared authority between project managers and functional managers. Functional managers tend to focus on:
A. Who will do the task
B. Why the project manager needs resources
C. How much time and money is available for the task
D. Why will the task be done
Section: Mix Questions
Justification in favor of the correct answer:
In a matrix environment, project resources (that is, people) come from the functional departments. Therefore, it is the functional manager’s job to identify who will work on specific project tasks.
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Q. 1423: You are a member of a project selection committee that uses the net present value technique. Using this approach, the project is acceptable if the:
A. Sum of the net present value of all estimated cash flow during the life of the project equals the profit
B. Net present value of the inflow is greater than the specified amount or percentage threshold
C. Gross present value of all future expected cash flow divided by the initial cash investment is greater than one
D.Net present value of the inflow is less than the specified amount or percentage threshold
Section: Mix Questions
Justification in favor of the correct answer:
The discounted cash-flow approach–or the present value method – determines the net present value of all cash flow by discounting it by the required rate of return. The impact of inflation can be considered. Early in the life of a project, net cash flow is likely to be negative because the major outflow is the initial investment in the project. If the project is successful, cash flow will become positive.
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Q. 1424: A watch list of low priority risks is documented in the:
A. Work performance information
B. Risk register
C. Fallback plans
D. Risk response plan
Section: Mix Questions
Justification in favor of the correct answer:
The monitor and control risks process includes keeping track of those risks on the watch list. Low-priority risks are inputs to the monitor and control risks process and are documented in the risk register. Other inputs that are part of the risk register include identified risks and risk owners, agreed-upon risk responses, control actions to assess the effectiveness of response plans, specific implementation actions, symptoms and warning signs of risk, residual and secondary risks, and the time and cost contingency reserves.
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Q. 1425: You are the project manager for a major logistics installation project and must obtain specific services from local sources external to your project. Your subcontracts administrator has told you to prepare a product or service description, which is referenced in a:
A. Project statement of work
B. Contract scope statement
C. Request for proposal
D. Contract
Section: Mix Questions
Justification in favor of the correct answer:
The project statement of work describes in a narrative form the products, services, or results that the project will deliver. It references the product scope description as well as the business need and strategic plan.
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Q. 1426: It often is advantageous to appoint a termination manager in the closing phase of the project and release the project manager so that he or she is available to work on another project. If this is the case, the termination manager should focus attention on all but which one of the following?
A. Ensuring that documentation is complete
B. Ascertaining any product support requirements
C. Receiving formal acceptance of the project from the client
D. Preparing personnel performance evaluations
Section: Mix Questions
Justification in favor of the correct answer:
The project manager, or whoever supervised the work of each individual team member, should prepare the personnel evaluations because they have an intimate understanding of the work performed by the team members. The termination manager focuses instead on the administrative requirements of termination and the environment within which the project will be operating if it is continued in any way.
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Q. 1427: You are working on a project to upgrade the existing fiber-optic cables in your province. You have determined that a resource can install 25 meters of cable per hour, so the duration required to install 1,000 meters would be 40 hours. This means you are using:
A. Productivity efficiency factors
B. Parametric estimating
C. Analogous estimating
D. PERT
Section:Mix Questions
Justification in favor of the correct answer:
Parametric estimating uses statistical relationships between historical data and other variables to calculate an estimate for activity parameters such as cost, budget, and duration. The activity durations then are determined quantitatively by multiplying the quantity of work to be performed by the labor hours per unit of work. This technique can produce higher levels of accuracy depending on the reliability of the data in the model.
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Q. 1428: During the stages of team development, your team is in which stage when there is problem solving and interdependence along with achievement and synergy?
A. Storming
B. Forming
C. Norming
D. Performing
Section: Mix Questions
Justification in favor of the correct answer:
The performing stage of team development is noted by a theme of productivity. Management skills involve consensus building, problem solving, decision making, and rewarding, with leadership shown through management by walking around, stewardship delegation, mentoring, being a futurist, and being a cheerleader/champion.
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Q. 1429: When you are about to terminate a contract, the one place to look for specific procedures for contract closure is in the:
A. Statement of work in the contract
B. Terms and conditions in the contract
C. Product description
D. Organizational process assets
Section: Mix Questions
Justification in favor of the correct answer:
The terms and conditions can prescribe specific procedures for the various ways that a contract could be terminated.
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Q. 1430: Today, the primary cause of why projects are not completed on time and within cost and are terminated early is due to:
A. Contractual issues
B. Complexity of the project
C. An increase in the allocated time
D. Behavioral-oriented reasons
Section: Mix Questions
Justification in favor of the correct answer:
Behavioral reasons, rather than quantitative reasons, account for more project terminations because it is much more difficult to manage people than things. Issues such as poor morale, poor human relations, poor labor productivity, and no commitment from those involved in the project combine to thwart project success in many industries.
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