A project manager is holding a meeting with relevant stakeholders to perform a benefits analysis for a project that has been selected by the company. The project is codenamed Project Tiger and has a net present value of $3,000,000. One of the meeting participants asks about Project Panther, which was estimated to have a net present value of $2,500,000. The project manager explains that Project Panther was rejected because the company did not have the resources to support both projects. What else might the project manager state in this scenario?

A The $2,500,000 is the opportunity cost

B The $2,500,000 is considered sunk cost

C The $500,000 is the opportunity cost

D The $3,000,000 is considered sunk cost

A project manager is holding a meeting with relevant stakeholders to perform a benefits analysis for a project that has been selected by the company. The project is codenamed Project Tiger and has a net present value of $3,000,000. One of the meeting participants asks about Project Panther, which was estimated to have a net present value of $2,500,000. The project manager explains that Project Panther was rejected because the company did not have the resources to support both projects. What else might the project manager state in this scenario?

A The $2,500,000 is the opportunity cost

B The $2,500,000 is considered sunk cost

C The $500,000 is the opportunity cost

D The $3,000,000 is considered sunk cost

A project is divided into phases. Each phase consists of tasks involving design, development, testing, and integration. You have developed a project charter, and the project sponsor has just signed and approved the charter. The purpose of this document includes all of the following, except:

D To authorize functional management responsibilities to the project manager

A To provide a direct link between the project and the company's strategic objectives

B To provide a formal record of the project

C To show organizational commitment to the project

Which of the following best describes the key benefit of the Plan Stakeholder Engagement process?

C Provides an actionable plan to interact effectively with project stakeholders

A Enables efficient communication between the project team and stakeholders

B Increases probability of meeting the quality objectives established for the project

D Describes the product, service, or result boundaries and acceptance criteria

A project to build a new high-end subdivision has been plagued with quality problems. Customers are arguing about what was actually specified to be built. The last house has been built, and the fixes to five more houses have been completed. The project manager desperately wants to close the project and move on. What does the project manager need to review to ensure proper closure of the project?

A All components of the project management plan

B The quality management plan to ensure it was followed for these last few houses

C The requirements management plan to ensure all the requirements are met

D The performance measurements baseline to ensure determine how the project performed

A change control board (CCB) has been established for the project you are leading. During project execution, the client contacts you to request a change to a project deliverable which can be accommodated with existing project resources and will not increase cost. What should you do next?

C Submit the change request and evaluate it against other project constraints

A Ask the project sponsor to approve the implementation of the change

B Request the change control board (CCB) to approve the change

D Implement the change as requested by the customer

A project manager and team are in the process of finalizing all project activities. They have obtained final acceptance and transferred ownership of deliverables, obtained administrative closure, collated lessons learned, archived all project documents, and obtained feedback from relevant stakeholders. Finally, the project manager and team have been released and reassigned to other assignments. Based on the information provided, what might have been forgotten?

C Preparing and sharing the final project report

A Verifying that project deliverables conform to the quality management plan

B Reviewing and assessing detailed project requirements

D Conducting benefit analysis with relevant stakeholders

You have just taken over a project, which is in the process of project closure. The project has experienced numerous setbacks, which have caused cost and schedule overruns. You want to ensure that any mistakes that were made in the project are not repeated to ensure improved performance for future projects. What is the best course of action in this situation?

D Conduct technical performance analysis

The change control board (CCB) is evaluating a recently submitted change request. The project sponsor wants to deny the request. Another stakeholder is in favor of deferring the request until a later date. The project manager and other stakeholders feel it is best to approve the request. The project manager is unsure how to proceed since there is disagreement among the stakeholders. What should the project manager do?

C Consult the project management plan

A Defer the request until all of the stakeholders are in agreement

B Deny the request as the project sponsor has the final say

D Approve the request as the project manager has authority to decide for the group

A project has been broken down into four phases. The first phase is design, the second is coding, the third is testing, and the final phase is the deployment. The first two phases have already been completed. The project team has just completed all testing activities of the third phase and reports to the project manager that the deliverables have been verified. The project manager is pleased and wants to begin deployment as soon as possible. What should the project manager do next?

B Begin the Close Project or Phase process of the testing phase

A Ensure the sponsor has signed the charter for the fourth phase

C Obtain acceptance of the deliverables from the testing phase

D Hold the fourth phase kick-off meeting with the project team

You are leading a project to build a storage facility next to an estate managed by a homeowner association (HOA), who has been classified as an influential stakeholder. During project planning, the HOA has expressed their objection that the facility is an eyesore, so it has been agreed that large trees will be planted to obscure the view to the facility. The construction has begun, but some of the HOA members are still unhappy with the project. What should you do now?

D Communicate regularly with the HOA

A Proceed with the project as planned

B Add the HOA to the stakeholder register

C Remove the HOA from the stakeholder register

You have just taken over a project in execution from another manager. In your first week, you are unpleasantly surprised to receive emails from several stakeholders asking questions about the project objectives as well as their roles and responsibilities on the project. You are also concerned about what appears to be a lack of commitment to the project by the team. What did the initial project manager most likely miss?

A Conducting the project kick-off meeting

C Identifying the key project stakeholders

A project manager reviews surveys from participants of a recent project meeting. Based on the feedback provided, it is evident that attendees in the back of the meeting room had difficulty hearing the speakers and seeing the slide presentation. Some have suggested having the presenters use microphones as well as distributing hard copies of the presentation before the meeting, so all of the attendees can better follow along. What should the project manager do next?

D Capture the information in the issue log

A Update the lessons learned repository

B Revise the stakeholder register

C Reduce the number of participants invited to future meetings

Senior management is considering a project to replace the company's inventory tracking system, and the pre-project work is underway. At this point, the project needs assessment has just been completed. What should be done next?

D Identifying key project deliverables

A Selecting a new inventory tracking system

B Acquiring project team members

C Carrying out the project kick-off meeting

A system delivered by a vendor on your project does not perform as specified. Your boss has instructed the procurement department to withhold the payment. The vendor has filed a claim for non-payment. What should you do first?

A Attempt to negotiate a resolution with the vendor

B Do nothing as the system is not fit for use

C Resort to alternative dispute resolution (ADR)

D Contact the legal department to file suit for damages

You have just finalized the project management plan. It must now be reviewed and approved by the relevant stakeholders. What is the best way to present the project management plan to have it reviewed and approved?

B Conduct a meeting with the relevant stakeholders

A Send an email with an electronic copy of the project management plan to the relevant stakeholders

C Review the project management plan with the project team during the next team meeting

D The project manager approves the project management plan, so no further action is needed

You are leading a large and complex project, which requires various vendors and suppliers to provide project deliverables. One of your vendors contacts you and states that they have just completed their contracted work and would like to know when they will receive final payment. How might you respond to the vendor's question?

C After we have approved all of your deliverables

A Once we have verified that you are on our prequalified seller list

B After we provide you with formal written notice that the contract has been completed

D When we perform project closure, we will release final vendor payments

On a project you are managing, you have been unable to obtain landlord approvals to install cable at various retail locations. You just learned about a project undertaken by your organization in the past that faced similar issues. If you had been aware of them during project planning, you could have taken proactive steps to avoid or mitigate the problems on your project. What might have been done differently to incorporate the knowledge gained from the previous project into your project?

C Improved utilization of the organizational knowledge base

A Development of more comprehensive risk response plans

B Better communication between project managers within the company

D Utilization of a lessons learned register for your project

During project execution, you discovered that some of the key stakeholders are not keeping up with project developments. The stakeholders indicate that most of the information on the weekly reports are irrelevant and they do not have time to read all of the content. As a result, these stakeholders have missed several key action items, thereby, putting the project behind schedule. What is most likely the cause of this issue?

C Sending the same report to all stakeholders

A Emailing the report rather than allowing the stakeholders to pull the information at their convenience

B Sharing the report using information radiators instead of social media

D Withholding pertinent information from the report

A project manager is leading a project, which has experienced greater than anticipated weather-related delays. To keep the project on schedule, the project manager will need to access the contingency reserves allocated for this risk. What should the project manager do next?

C Access the contingency reserves as needed to meet the project objectives

A Submit a change request to access the contingency reserves

B Escalate the issue to the key project stakeholders

D Send a request to the project management office (PMO)

On a project, work performance data is being regularly collected and shared with the project team. Which of the following processes will use this data?

C Monitor Stakeholder Engagement

A project manager is near the end of a large and complex project, which required the services of several different vendors. Currently, the project manager is about to start the process of finalizing all activities for project closure. What should the project manager do first?

B Update all applicable project documents and mark them as final versions

A Submit a change request to update the project management plan

C Revise and finalize the business case and the project charter

D Begin the alternative dispute resolution procedure with the vendors

Midway through your project, you are informed by a member of the project staff of a growing problem with two primary team members. After learning of verbal encounters and the negative effect on the team, you decide immediate action is needed. You meet privately with the two team members involved and collaboratively agree on steps to eliminate the conflict. Follow-up meetings are scheduled to discuss the ongoing progress. Based on the information provided, which of the listed actions should you take next?

B Update organizational process assets

D Update the enterprise environmental factors

In order to procure required materials for a project, your team prepares documents that will be used to solicit information, quotations, and proposals from prospective sellers. The documents are structured to facilitate an accurate and complete response from each prospective seller and to facilitate the evaluation of the responses. What type of documents is your team creating?

D Test and evaluation documents

A project manager discovers that due to schedule conflicts, some key stakeholders have not been attending a weekly conference call where important decisions are made. To address the issue, the project manager proposes to establish alternative communication methods. Which of the following will likely be updated as a result of this proposal?

B Communications management plan

D Stakeholder engagement assessment matrix

Preorders for the new product you are developing have significantly exceeded expectations, and current production will not meet demand. This situation presents the company with a significant threat and opportunity. You need to take action to mitigate the negative impact of the risk and enhance the opportunity. You know this risk was captured during the Identify Risks process but are unsure of the risk owner and the agreed-upon risk response. What should you do next?

B Hire external contractors and crash the schedule

D Review the requirements traceability matrix

A project manager is leading a research and development project and is currently performing the Close Project or Phase process. As part of this process, the project manager is preparing the final project report. Which of the following is least likely to be included in the final report?

B Summary of the lessons learned during the project for use on future projects

A Summary level description of the project

C Summary of risks or issues encountered on the project

D Summary of how the final product achieved the business needs identified in the business plan

A project manager is uncertain what resources are needed to complete the project. To help with the planning process, the project manager breaks down the resources using a data representation tool that displays the physical and human resources related by category and resource type. Which answer choice best describes the tool that the project manager is using?

D Resource breakdown structure (RBS)

A Work breakdown structure (WBS)

B Physical breakdown structure (PBS)

C Organizational breakdown structure (OBS)

A project has been initiated and is being planned. The project sponsor is anxious for the project to move into execution and suggests that the project manager not spend any more time on the development of the communications management plan. How should the project manager respond to the sponsor to support the completion of the communications management plan?

C The communications management plan assists with stakeholder engagement.

A The communications management plan is a required part of the project management plan.

B The communications management plan is required by The Standard for Project Management.

D The communications management plan will improve quality.

A project manager has just completed the development of the project management plan and wants to determine who is responsible for approving it. What is the best course of action for the project manager?

A Check the organizational process assets

B Research the relevant enterprise environmental factors

C Ask the project sponsor what to do

D The project management plan does not require a formal approval

As part of project closure, the project manager archives all of the project documents and materials in accordance with the company's policies and procedures. Which of the following is the least likely reason for this activity?

C To improve the performance of the current project

A To comply with statutory requirements

B For potential use in future projects

D To be available for any future audits

One risk that had been identified and accounted for during the planning process of your construction project was delays caused by poor weather. However, the abysmal weather has exhausted the schedule reserves, and the project schedule is unattainable despite your best efforts. As a result, the project sponsor asks you to update the schedule baseline. What should you do next?

A Update the schedule baseline as per the sponsor's request

You are leading a corporate restructuring project. During a meeting intended to build support for the project among key stakeholders, a gap is uncovered with regard to conducting monthly audits for regulatory compliance. Specifically, the project management plan does not address who will be responsible for conducting this activity in the new organizational structure. Apparently, this project requirement was missed during project planning. What should be done next to resolve this issue?

A Reevaluate the Collect Requirements process

B Capture the information in the lessons learned register

C Add a new risk to the risk register

You are creating a quality management plan. Some of the requirements were derived from the standards outlined in various government regulations. What should you do to find an overview of the tests required to verify that those requirements have been met?

D Examine the requirements traceability matrix

A Review the requirements register

B Read the requirements management plan

C Conduct a review of the assumption log

PMP Question 100

Authored by Edi Giyanto

Other

Professional Development

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100 questions

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MULTIPLE CHOICE QUESTION

1 min • 1 pt

During a routine analysis of the project's reserves, the project manager realizes that some project costs have been saved due to the project taking advantage of an unexpected opportunity to outsource several activities.
What should the project manager do with these saved costs?

A Record them as actual costs (AC)

B Add them to the contingency reserves

C Reduce them from the budget at completion

D Credit them to the procurement department

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You are leading a software development project for an important client. For this project, you have elected to use a change-driven life cycle. Currently, you are about to lead an iteration planning meeting with the product owner and the development team.
What should you first accomplish at the start of the iteration?

A With the project scope determined during initial project planning, the scope must be controlled to prevent scope creep

B Disregard the fixed requirements and focus on those elements that are still evolving to determine the scope of the iteration

C Define and approve the detailed scope of the iteration

D Review and record lessons learned to correct processes and improve the performance of the upcoming iteration

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You have replaced a project manager midway through project execution. You discover that although financial project reports that include CPI and SPI are prepared weekly, the financial database repository has never been updated.
Which tailoring consideration did your predecessor most likely miss earlier in the project?

A Project complexity

B Knowledge management

C Cost management plan

D Earned value management

MULTIPLE CHOICE QUESTION

1 min • 1 pt

During project execution, scheduling challenges have been experienced due to inclement weather that has resulted in multiple schedule variances. The project manager has noticed that a particular vendor is very flexible in scheduling their work. The project manager has found that the flexibility to adjust leads and lags is a particularly effective method for controlling the project schedule.

What should be done with this information?

A Updated in the lessons learned repository

B Noted in the schedule variance management plan

C Documented in the lessons learned register

D Included in the schedule baseline

MULTIPLE CHOICE QUESTION

1 min • 1 pt

During product testing, a project team has discovered that some components did not meet government regulations established for the industry. Following the approved change request to repair the defects, the components have been fixed, and the team is ready to test the product again.
What documents should the team refer to while re-testing the product?

A Verified deliverables

B Resource requirements

C Approved change requests

D Quality improvement methods

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A project manager is having difficulty getting project team members to meet their weekly performance targets. The project manager has provided team training and team-building activities, but so far these and other efforts have been unsuccessful. The project manager would like to use a reward system to incentivize team members to meet their performance goals.
Which of the following strategies would be best?

A Give all team members a raise to help motivate them

B Give rewards to team members who meet their performance goals at the end of the project

C Hold a contest where team members can compete for prizes

D Consult the resource management plan

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You are leading a project to design a car with new self-driving technology. During project planning, existing government regulations regarding the new technology were virtually non-existent. You identified this ambiguity risk during project planning and developed a risk response. Now, with the car ready for production, new regulations have been enacted. The new regulations are so complicated that you have trouble understanding them and their implications for the project.
What should you do next?

A Seek the opinion of a recognized expert to validate or modify the risk response

B Terminate the project since the new technology does not meet the new regulations

C Submit a change request to alter the scope baseline to accommodate the new regulations

D Proceed with the project and implemented the risk response as originally planned

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PMP Question 100

During a routine analysis of the project's reserves, the project manager realizes that some project costs have been saved due to the project taking advantage of an unexpected opportunity to outsource several activities.What should the project manager do with these saved costs?

A project is divided into phases. Each phase consists of tasks involving design, development, testing, and integration. You have developed a project charter, and the project sponsor has just signed and approved the charter.The purpose of this document includes all of the following, except:

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Discover more resources for Other

During a routine analysis of the project's reserves, the project manager realizes that some project costs have been saved due to the project taking advantage of an unexpected opportunity to outsource several activities.
What should the project manager do with these saved costs?

A project is divided into phases. Each phase consists of tasks involving design, development, testing, and integration. You have developed a project charter, and the project sponsor has just signed and approved the charter.
The purpose of this document includes all of the following, except: