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PMP: Project Management Professional

Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Risk for which insurance can be purchased - thereby transferring the risk for financial benefit to the party accepting the risk






2. If the contract is not completed by the contractor either for failure to comply - bankruptcy etc. this is know as






3. Information Gathering Techniques from Identify Risks - tools and technique






4. Conflict Solution that entails considering insights and views from a variety of sources and leads to consensus management which in turn leads to commitment






5. Factors that limits project options such as the number of people available - amount of time or money available to finish the job or other resources or assest issues






6. Forecasting method that incorporates intuitive judgement - opinions and probability estimates






7. A network diagramming technique in which schedule activites are represented by boxes (or nodes)






8. Used for - legal communication and project documents - When distance or extreme complexity are involve - official situations - presentations - primarily one directional communications






9. Type of Mgmt Style where managers have an appealing persona that makes team members enjoy working with them






10. Aka Standard Deviation. It is considered the quality standard. 1 Sigma - 68.26% 2 Sigma - 95.45% 3. Sigma - 99.73%






11. 1 Has a specific purpose 2. Creates specifi results 3 Has a definite start and finish dates 4. Is temporary 5. Could be progressively elaborated






12. Communication formula






13. Breakdown structure to help dreak down the risk on a project. It helps create a brainstorming type of environment that allows the team to identify and categorize additional risk. Similar to WBS but the team creates it.






14. Doing activites in parallel that are that are normally in sequence. Inc cost could occur with rework but additional risk could occur because of possible rework.






15. Displays a breakdown by resource type accross an organization. This breakdown makes it possible to view where resources are being used regardless of organizational group or division they are in. Can include non-H.R. resources as well as personnel






16. Calculating the expected monetary value (EMV) of a project risk is found by....

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17. What is the output of Identify Risk?






18. Responsiblity Assignment Matrix The tool lets the project team know who is involved in each area and what they are responsible for an in what area






19. In the area of legal risks the reasons for licensing of projects






20. Activity B msut be Finish by the time Activity A is finish






21. Key tool that is a statistical method or tool - that helps identify which factors may influence specific variable of a product or process under development or in production. It lets you change many factors at once.






22. Deals with the known Unkowns and is the Project Plan






23. Activity A must be completed before Activity B






24. Employee works a great deal on the project and assumes that the reward will be relative to the amount of effort or perceived effort






25. When Activity A starts Activity B can starts






26. Communication up and down the organization






27. The consequences (good or bad) or the amount at stake if something does occur






28. Shows an aggregate or rolled up view of the various activites at the summary level. It gives senior management - the project management team - a picture of how long the summary level work packages are to take - and what sequence they occur






29. Plan defines the communication needs of the stakeholders - the communications format and frequency and who delivers them. It can include reports meeting scehdules - changes process and contact information for the team.






30. Request made by someone on a project not approved and has no impact






31. PM and team work to create a complete estimate from the bottom(activity level) up and roll it up to the total estimate. Main advantage - detail accuracy. Main dis ad - can take time to create






32. The Process of predicating furture project performance based on the actual performance to date.






33. Type of communication method between two or more parties performing a multidirectional exchange of information. It is the most efficient way to ensure a common understanding by all participants on specified topics - and inclues meetings - and phones






34. Can come from the following factors: Business Need - Market Demand - technological advance - customer request - legal requirements






35. An after the fact look at what caused a difference between the basline and the actual performance






36. Key tool for comparing a product or service to other standards






37. Play a huge role in planning - When you perform project management part of the concept of Planning is to deal with items unkown. You must make assumptions for scheduling and bugeting. In most cases as the project evoles - you learn more about it.






38. Strategy defines as approach to increase the support and minimize negative impacts of stakeholders throughout the entire project life cycle






39. Type of Grid that groups the stakholders based on their active involvement in the project and their ability to effect changes to the projects planning or execution






40. Standard is associated with companies that wish to document their process and adhere to those processes






41. Deals with the Unkown Unkowns and are not in the Project Plan Contingency Reserves VS Mgmt Reserves






42. Formal or informal system used in project mgmt to ensure that work is done as planned. It ensures that right work is done in the right order at the right time by the right people






43. Shows the risk that potentially occur broken down by risk category






44. Type of grid that groups the stakeholders based on their level of authority and their active involvement in the project






45. Process of determining the project stakeholder information needs and defining a communication approach. Who needs what information - when they need it - how it will be provided to them and by whom.






46. dministrative closure for the feasibility phase of a project requires that ________.






47. What warranty type relates to merchantablily or fitness for use?






48. Practice of providing more than what the customer request






49. Best form power to use. Someone receives a benefit for doing something that is needed






50. Type of Mgmt style where managers have strong or unlimited power and authority