PMI PMP-Project Management Professional Practice Exam Q. 521 to 530
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Set of 10 Questions
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Q. 521: You work for a telecommunications company, and when developing a project management plan for a new project, you found that you must tailor some company processes because the product is so different than the products typically produced by your company. To tailor these processes, you will follow:
A. Standardized guidelines and work instructions
B. Stakeholder risk tolerances
C. Expert judgment
D. Structure of your company
Section: Mix Questions
Justification in favor of the correct answer:
Standardized guidelines and work instructions are an organizational process asset to consider as the project management plan is developed. They include guidelines and criteria to tailor the organization’s set of standard processes to satisfy the specific needs of the project.
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Q. 522: In which type of contract are the performance targets established at the onset and the final contract price determined after completion of all work based on the seller’s performance?
A. Firm-Fixed-Price (FFP)
B. Fixed Price with Economic Price Adjustments (FP-EPA)
C. Fixed-Price-Incentive-Fee (FPIF)
D. Cost Plus Fixed Fee (CPFF)
Section: Initiation
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Q. 523: Which of the Project Time Management processes analyzes activity sequencing, durations, resource requirements, and schedule constraints?
A. Estimate Activity Durations
B. Control Schedule
C. Sequence Activities
D. Develop Schedule
Section: Monitoring and Controlling
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Q. 524: What is the responsibility of the project manager and the functional manager respectively?
A. Oversight for an administrative area; a facet of the core business
B. Achieving the project objectives; providing management oversight for an administrative area
C. A facet of the core business; achieving the project objectives
D. Both are responsible for achieving the project objectives.
Section: Planning
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Q. 525: The Plan Stakeholder Management process belongs to which Process Group?
A. Executing
B. Initiating
C. Planning
D. Monitoring and Controlling
Section: Planning
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Q. 526: Tools and techniques used in Direct and Manage Project Work include:
A. Process analysis and expert judgment
B. Analytical techniques and a project management information system
C. Performance reviews and meetings
D. Expert judgment and meetings
Section: Executing
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Q. 527: The following is a network diagram for a project:
The free float for Activity H is how many days?
A. 4
B. 5
C.10
D.11
Section: Planning
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Q. 528: Change is inevitable on projects. Uncontrolled changes are often referred to as:
A. Rework
B. Scope creep
C. Configuration items
D. Emergency changes
Section: Mix Questions
Justification in favor of the correct answer:
Project scope creep is typically the result of uncontrolled changes. Scope control works to control the impact of any project scope changes.
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Q. 529: In the Initiating Process Group, at what point does the project become officially authorized?
A. When the project charter is signed
B. When all the stakeholders agree on the scope of the project
C. When the project manager is appointed
D. When the necessary finance or funding is obtained
Section: Initiation
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Q. 530: Cost variance (CV) is equal to earned value:
A. Minus actual cost [EV – AC].
B. Minus planned value [EV – PV].
C. Divided by actual cost [EV/AC].
D. Divided by planned value [EV/PV].
Section: Monitoring and Controlling
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