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Pass the PMI Project Management Professional v5 PMI-001 Questions and answers with ValidTests

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Questions # 1:

Which tool or technique is used to manage change requests and the resulting decisions?

Options:

A.

Change control tools

B.

Expert judgment

C.

Delphi technique

D.

Change log

Expert Solution
Questions # 2:

What is the critical chain method?

Options:

A.

A technique to calculate the theoretical early start and finish dates and late start and finish dates

B.

A schedule network analysis technique that modifies the project schedule to account for limited resources

C.

A schedule compression technique that analyzes cost and schedule trade-offs to determine how to obtain the greatest amount of compression for the least incremental cost

D.

A technique to estimate project duration when there is a limited amount of detailed information about the project

Expert Solution
Questions # 3:

When does risk monitoring and control occur?

Options:

A.

At project initiation

B.

During work performance analysis

C.

Throughout the life of the project

D.

At project milestones

Expert Solution
Questions # 4:

Which is a communication method used in the Report Performance process?

Options:

A.

Expert judgment

B.

Project management methodology

C.

Stakeholder analysis

D.

Status review meetings

Expert Solution
Questions # 5:

A project requires a component with well-understood specifications. Performance targets are established at the outset, and the final contract price is determined after completion of all work based on the seller's performance. The most appropriate agreement with the supplier is:

Options:

A.

Cost Plus Incentive Fee (CPIF).

B.

Fixed Price Incentive Fee (FPIF).

C.

Cost Plus Award Fee (CPAF).

D.

Fixed Price with Economic Price Adjustment (FP-EPA).

Expert Solution
Questions # 6:

The CPI is .92, and the EV is US$172,500.What is the actual cost of the project?

Options:

A.

US$158,700

B.

US$172,500

C.

US$187,500

D.

US$245,600

Expert Solution
Questions # 7:

Which of the following is a tool or technique used in the Determine Budget process?

Options:

A.

Variance analysis

B.

Three-point estimating

C.

Bottom-up estimating

D.

Historical relationships

Expert Solution
Questions # 8:

A project manager should document the escalation path for unresolved project risks in the:

Options:

A.

Change control plan

B.

Stakeholder register

C.

Risk log

D.

Communications management plan

Expert Solution
Questions # 9:

Which technique helps to determine the risks that have the most potential impact on a project?

Options:

A.

Cost risk simulation analysis

B.

Expected monetary value analysis

C.

Modeling and simulation

D.

Sensitivity analysis

Expert Solution
Questions # 10:

Which Control Quality tool is also known as an arrow diagram?

Options:

A.

Matrix diagram

B.

Affinity diagram

C.

Tree diagram

D.

Activity network diagram

Expert Solution
Questions # 11:

Scope, schedule, and cost parameters are integrated in the:

Options:

A.

Performance measurement baseline.

B.

Analysis of project forecasts,

C.

Summary of changes approved in a period,

D.

Analysis of past performance.

Expert Solution
Questions # 12:

Change requests are processed for review and disposition according to which process?

Options:

A.

Control Quality

B.

Control Scope

C.

Monitor and Control Project Work

D.

Perform Integrated Change Control

Expert Solution
Questions # 13:

Which process involves aggregating the estimated costs of the individual schedule activities or work packages?

Options:

A.

Cost baseline

B.

Cost forecasting

C.

Cost variance

D.

Cost budgeting

Expert Solution
Questions # 14:

The Perform Integrated Change Control process occurs in which Process Group?

Options:

A.

Initiating

B.

Executing

C.

Monitoring and Controlling

D.

Planning

Expert Solution
Questions # 15:

Which tool or technique is used in the Estimate Costs process?

Options:

A.

Acquisition

B.

Earned value management

C.

Vendor bid analysis

D.

Forecasting

Expert Solution
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