The project manager should review the project management plan to verify the project scope has been achieved and to ensure that all deliverables are complete. Quality starts with who wrote the material. As PMP certification is not just restricted to a specific geographic location or industrial sector. Assessing the impact of the change on Project objectives. It was short, to-the-point and handy which proved to be finest choice for me. No registration required. A Pareto chart is not used to gather requirements but to identify the 80/20 relationships of problems in the quality area. We have nearly 833,025 active PMP® credential holders worldwide and this number increases annually by an average of 10,000. [Ans]. Defer the decision to procure turbine components as much as possible. There are two methods to calculate the EAC. Being a Project Manager, how will you deal with a stakeholder who has high power and high interest? The project is considered closed when all deliverables are transferred and lessons learned documentation, project files and historical databases are updated. In this blog post I’m going to provide you with 100 free PMP exam sample questions. The exam consists of 200 multiple choice questions that outline the five process groups (Initiation, Planning, Executing, Monitoring and Controlling, and Closing) and nine knowledge areas (Integration, Scope, Time, Cost, Quality, Human … For the people who are completely new to the subject, let me share the salary trend of the certified PMP® professionals before we get started with PMP® exam questions & answers. Standards are mandatory but regulations are not. The issue log evolves while managing the stakeholder expectations and may result in change orders to incorporate corrective or preventive actions. To make sure that potential sellers are treated as per the type of questions asked. Schedule variance equals earned value minus planned value (EV-PV). It can be calculated at the budgeted rate, or it can be figured using the present CPI. If the planned value, earned value and the actual cost values are identical, the cost variance and schedule variance values are zero. Please choose another answer. No of questions: 600+ Note: Based on the PMBOK® Guide 6th Edition. The values given in this scenario indicate that the project is on schedule and on budget. The stakeholder register identifies the project’s stakeholders. It will give you a better picture of why being PMP® certified matters so much. Hire an external consultant to enforce his decision. The PMP®, or Project Management Professional, is an exam conducted by the Project Management Institute (PMI)®, is a globally recognized certification. Resolve the conflict in favor of the senior most technical expert. Most of these questions are definition based, well suited for you to try during your studies to check your progress. Since meeting with the sponsor would not necessarily resolve the issue because you have not heard the concerns of the negative stakeholders yet, your initial step would be to include the manufacturing personnel as project stakeholders. Monitoring activities include measuring, collecting , and distributing performance information, and controlling activities include determining corrective or preventive actions. Leads are shown with a negative sign (-) and lags are indicated with a positive sign (+). Being the project manager on a STP project, you decide to respond to an identified risk by contracting out work. Which of the following will lead to the minimum risk of the buyer? The Budget at completion information is irrelevant in this question. Likes to follow the technology trends in market and write about... Apart from salary, the global reach of this certification is the other reason that speaks volumes about its popularity. Hence, the stakeholder management plan and the change log are correct answers. A techno freak who likes to explore different... Research Analyst at Edureka. The actual PMP Certification Exam consists of 200 multiple choice questions from the nine Knowledge Areas in the Project Management Body of Knowledge (PMBOK) Guide, including: Integration ManagementScope ManagementTime ManagementCost ManagementQuality ManagementHuman Resource ManagementCommunications ManagementRisk ManagementProcurement Management. To make sure that all potential sellers are treated equally and have access to the same information. Brainstorming is a requirement gathering technique but used primarily in the idea generation stage rather than the review and analysis aspect. How To Remove Project Clutter Using Konmari? Project scope is measured against the project management plan. The Estimate at Completion (EAC) is the total cost of the project when completed. Included are questions from the nine Knowledge Areas in the PMBOK Guide: • Integration Management • Scope Management • Time Management • Cost Management • Quality Management • Resource Management • Communications Management • Risk Management • Procurement Management. So, without any further ado, let’s quickly start off with our top 50 PMP® exam questions & answers. A negative value means that the project will likely be delayed. Stakeholder analysis defines the stakeholder management strategy and includes specific information such as the identities of those stakeholders who can significantly impact the project and their level of participation. When sequencing activities, there are four types of relationships: finish-to-finish, start-to-finish, finish-to-start, and start-to-start. Planned value (PV) is the authorized budget assigned to scheduled work to be accomplished for an activity during a given point in time or phase. Post-Graduate Program in Artificial Intelligence & Machine Learning, Post-Graduate Program in Big Data Engineering, Implement thread.yield() in Java: Examples, Implement Optical Character Recognition in Python. Given the fact that you have landed on this PMP® Exam Questions & Answers blog, I believe you are already aware of these facts. Hence, the validate scope process is the correct response. CPI (Cost performance index) is calculated by the equation, CPI = EV/AC. Validated deliverables are compared against the requirements and acceptance criteria in order to formally sign-off the completed deliverables. Since you want to know about the PMP Question Bank, I am assuming you are already in the process of preparation for your PMP Certification Exam.If you have not yet taken the training, you can read the article to learn more about PMP Exam and PMP Question Bank. Organize meetings to resolve the misunderstanding and agree on a common solution. Therefore, in this scenario, Adam is in the control procurements process. [Ans]. What are the Project Manager Roles and Responsibilities? The scope statement and the project management plan contain an elaborated version of these requirements. A collection of subprojects having a common customer. He provided writing and editing services to the PMI on the 4th and 5th editions of the PMBOK Guide, as well as created test questions for the CBAP, CCBA and CISSP certification exams. Vacation time, assignment of a personal staff assistant. A collection of sub-projects having a common goal. In this example, the seven consecutive points are either above or below the control limits. There cannot be any negative float in the project. Research Analyst at Edureka. Which of the following technique will you use to quickly estimate and decide the use of historic estimate and expert judgement? Donna formerly taught business and technology courses at Concordia University as an adjunct professor and worked as a financial advisor with Morgan Stanley.