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PMP Exam Study Guide- Practice Exam 4 Copy
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Question 1 of 75
1. Question
The deliverables are an output of what process?
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Question 2 of 75
2. Question
The project is estimated to have a $12,500 variance at completion. The project budget is $75,000 and the estimate to complete the remaining work is $15,750. What are the actual costs of the project to-date?
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Question 3 of 75
3. Question
You are three months into a 6-month, $195,000 project. Invoices paid to date are $37,500 and the planned costs at three months were $75,000. What is the schedule variance?
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Question 4 of 75
4. Question
You are three months into a 6-month, $195,000 project. Invoices paid to date are $37,500 and the planned costs at three months were $75,000. What is the cost performance index?
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Question 5 of 75
5. Question
Procurement documents are an output of what process?
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Question 6 of 75
6. Question
You are three months into a 6-month, $195,000 project. Invoices paid to date are $37,500 and the planned costs at three months were $75,000. What is the to-complete performance index?
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Question 7 of 75
7. Question
You have been managing the development project for six months. Upon recent evaluation, you determine that the TCPI is 1.27. Which statement is most accurate?
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Question 8 of 75
8. Question
The $75,000 project is 80% complete and has a cost variance of ($12,000). Which statement is most accurate?
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Question 9 of 75
9. Question
The calculated schedule variance on your project is $8,000. Last month it was $10,000, and the month previous it was $18,000. Which statement is most accurate?
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Question 10 of 75
10. Question
The SPI of your project is .8 and your planned value at this point in your project is $125,000. How much value have you earned in your project?
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Question 11 of 75
11. Question
The ratio of earned value to planned value:
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Question 12 of 75
12. Question
The cost variance on your project is ($18,000) and your earned value is $92,000. What are your actual costs?
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Question 13 of 75
13. Question
The documented start and finish dates of activities, actual costs and durations, percent of work physically completed would all be considered:
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Question 14 of 75
14. Question
The validate scope process could best be described as:
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Question 15 of 75
15. Question
A comparison of the earned value and the planned value:
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Question 16 of 75
16. Question
The value of the work already completed on the project:
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Question 17 of 75
17. Question
The authorized budget assigned to the work that will be accomplished as of the status date:
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Question 18 of 75
18. Question
At six months in, your $785,000 project is 35% complete and the TCPI is .74 and you’ve spent $95,000 to date. What is the earned value of the project?
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Question 19 of 75
19. Question
Which statement is most accurate?
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Question 20 of 75
20. Question
You have completed your activity list and activity attributes. What process have completed:
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Question 21 of 75
21. Question
The project has earned value of $87,750. Costs-to-date have been $110,000, and the budget is $195,000. What percent complete is this project?
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Question 22 of 75
22. Question
Your project has earned value of $300,000 despite invoices totaling $325,000. You’ve calculated your TCPI as 1.14. What is your budget?
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Question 23 of 75
23. Question
Which statement is most accurate:
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Question 24 of 75
24. Question
The scope baseline is an output of what process?
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Question 25 of 75
25. Question
The test plan design must be approved by the project engineer prior to implementation. This represents what type of dependency?
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Question 26 of 75
26. Question
Based on the information contained in this graphic, what is the status of the project?
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Question 27 of 75
27. Question
The project has earned value of $87,750. Costs-to-date have been $110,000, and the budget is $195,000. What is the status of the project?
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Question 28 of 75
28. Question
Which statement about the deliverables is most accurate?
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Question 29 of 75
29. Question
Which statement is most accurate regarding resource leveling and resource smoothing?
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Question 30 of 75
30. Question
Your project has a schedule variance of $2,750 and a cost variance of $7,950. What statement best describes the status of your project?
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Question 31 of 75
31. Question
Based on the information in the graphic, what is the current status of the project?
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Question 32 of 75
32. Question
Based on the graphic, if there’s a 35% probability that Option A will occur, what is the value of Option B?
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Question 33 of 75
33. Question
An efficiency ratio that compares the work remaining on the project to the funds remaining on the project.
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Question 34 of 75
34. Question
The difference between the estimate to complete and the estimate at completion forecasts can best be described as:
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Question 35 of 75
35. Question
The costs associated with assessing the quality of a product is considered:
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Question 36 of 75
36. Question
You are evaluating your $89,000 project. The project is estimated to take six months and you have completed month two. After reviewing invoices, you determine that the paid-to-date amount is $27,000. The budget has been allocated as follows:
Month 1: $4,000
Month 2: $12,000
Month 3: $23,000
Month 4: $25,000
Month 5: $15,000
Month 6: $10,000Which statement is most accurate?
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Question 37 of 75
37. Question
You are a PMP® and you are having dinner with a friend to celebrate his new job. Over dinner he tells you that the PMP® was a requirement of the job, but that he “fudged” his application knowing that the company didn’t verify the information. How do you handle this?
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Question 38 of 75
38. Question
You have completed all of the project deliverables as defined within the project scope statement. As you are working to close the project and distribute the lessons learned and final project report, your manager assigns you to another project. Which statement is most accurate?
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Question 39 of 75
39. Question
The enhancement project is complete and you are compiling your final performance report. The budget was $72,000 and your actual costs were $68,000. Which statement is most accurate?
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Question 40 of 75
40. Question
The forecasted amount of project spending for the remainder of the project:
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Question 41 of 75
41. Question
The development project was completed in February. In May, you receive notification from one of the vendors that they did not receive the correct payment. What is the most appropriate action for you to take?
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Question 42 of 75
42. Question
Your project team has been in place for seven months. Team members are located in six geographical locations. During team meetings, you find that the members tend to be hesitant to speak up or provide information. In what stage of team development would this team most likely be?
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Question 43 of 75
43. Question
You are evaluating four vendors with the following bids:
Vendor A: $33,000
Vendor B: $37,000
Vendor C: $28,000
Vendor D: $31,000Based on historical information, there is a 70% chance that vendor A will have a 20% cost overrun. There is a 48% chance that vendor B will have 25% cost overrun. There is a 55% chance that vendor C will have a 40% cost overrun. There is a 30% chance vendor D will have a 25% cost overrun. Which vendor is the best option?
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Question 44 of 75
44. Question
The result is rated on a scale that measures the degree of conformity:
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Question 45 of 75
45. Question
A source of variation that is not inherent in the system and is not predictable.
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Question 46 of 75
46. Question
Varying in complexity, these tools aid organizations in ensuring consistency in frequently performed tasks:
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Question 47 of 75
47. Question
The forecasted estimate at completion is $75,000. You have spent $38,000 to date and have earned value of $46,000. The variance at completion is $9,000. What is the budget at completion?
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Question 48 of 75
48. Question
Which statement is most accurate regarding the control quality process?
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Question 49 of 75
49. Question
The difference between a quality metric and a quality measurement can best be described as:
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Question 50 of 75
50. Question
You are calculating the CPI for your project and have the following results:
Month 1: 1.10
Month 2: 0.98
Month 3: 0.99
Month 4: 1.09
Month 5: 1.12
Month 6: 1.03
Month 7: 0.97This could best be described as:
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Question 51 of 75
51. Question
As your project begins producing the XJ9000 component, your QC team is inspecting them to ensure that they each power-on. This is an example of:
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Question 52 of 75
52. Question
Which statement is most accurate regarding tolerances and control limits?
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Question 53 of 75
53. Question
The three key outputs from the control quality process include the following except:
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Question 54 of 75
54. Question
Your project has a CPI of .98 and a schedule variance of ($12,000). Which statement is most accurate?
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Question 55 of 75
55. Question
Which of the following is not one of the quality tools?
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Question 56 of 75
56. Question
Which statement most accurately describes a verified deliverable?
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Question 57 of 75
57. Question
With your project team, you have identified the need for a workaround. What process are you doing?
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Question 58 of 75
58. Question
The schedule variance of your project is ($27,000), your actual costs are $82,000, the budgeted value of the work is $92,000, and the budget at completion is $125,000. What is the earned value of the project?
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Question 59 of 75
59. Question
An opportunity is also known as a:
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Question 60 of 75
60. Question
The estimate at completion for your project is $179,000 and the estimate to complete the project is $88,500. Which statement is most accurate?
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Question 61 of 75
61. Question
An easy and objective method for evaluating proposals is a:
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Question 62 of 75
62. Question
Which of the following allows potential sellers to ask questions about the project and its requirements?
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Question 63 of 75
63. Question
Why is it important for the project manager to be aware of the contract terms and conditions being used for the project procurements?
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Question 64 of 75
64. Question
You are evaluating the performance of your project, including looking at the status of project risks, the current forecasts, and the status of project activities. The information you are evaluating is an output of:
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Question 65 of 75
65. Question
The CPFF contract states that the sub-contractor will be paid for costs associated with digging the trenches, estimated at approximately $15,000. In addition, they will receive an additional payment of $7,500 (50% of the estimated costs). What would the contract value be if the final costs associated with the job were $20,000?
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Question 66 of 75
66. Question
The simplest form of this contract type is a purchase order:
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Question 67 of 75
67. Question
Which contract type places increased risk on the seller?
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Question 68 of 75
68. Question
In an effort to minimize risk on the project, your sponsor has instructed you to use a fixed price contract with any vendors whenever possible. In a fixed price (FP) contract, the fee or profit is:
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Question 69 of 75
69. Question
The contract states that the delivery company will be paid $800 per month regardless of the number of deliveries. If the price of gas increases by more than 20%, the amount will increase to $900 or if the price of gas decreases by more than 20%, the amount will decrease to $700 per month. What type of contract is being used?
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Question 70 of 75
70. Question
Which contract type places increased risk on the buyer?
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Question 71 of 75
71. Question
Which statement is least accurate regarding procurement documents?
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Question 72 of 75
72. Question
This process determines which contract types should be used on the project to procure needed products or services:
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Question 73 of 75
73. Question
During the development phase of your project, you will be using a vendor for a key component of the product manufacturing. However, prior to development, your team will need to conduct a rigorous analysis to determine the manufacturing needs and requirements. If you needed to enter into a contractual relationship with the vendor prior to completion of the analysis, what contract type would most likely be used?
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Question 74 of 75
74. Question
The contract states that the company will pay the staffing agency $50 per hour for the contract resource, with a not-to-exceed value of $10,000. What type of contract is being used?
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Question 75 of 75
75. Question
Your team has been managing the new development project for the past six months. The project is slightly under budget but unfortunately, due to a number of unforeseen issues, the project is running 30% behind schedule. The best action to take would be:
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