PMP Sample Questions and Answers
The PMP, or Project Management Professional, is a worldwide recognized certification test administered by the Project Management Institute (PMI). The test includes 200 multiple-choice questions covering the five process categories (Initiation, Planning, Execution, Monitoring and Controlling, and Closing) and nine knowledge areas (Integration, Scope, Time, Cost, Quality, Human Resource, Communication, Risk, and Procurement).
25 of the 200 questions are pretest questions. Pretest questions occur at random throughout the exam, have no bearing on the candidate's score, and are used in tests to enhance the number of examination questions that may be utilized in future PMP exams. The exam's passing score is over 61 percent (106 questions correct out of 175 scored questions).
1. Project Cost Management incorporates all of the processes listed below, EXCEPT :
- Budget management
- Resources at many levels
- Establish a budget.
- Cost-cutting measures
Answer: B - The activities involved in planning, estimating, budgeting, financing, funding, managing, and controlling expenses to finish the project within the allocated budget is referred to as project cost management.
2. You are in charge of gathering requirements for your project. As a result, you will most likely use the stakeholder registration for all of the following EXCEPT :
- Identifying stakeholders who can offer the required information
- Capturing significant project needs that stakeholders may have
- Identifying the primary expectations that stakeholders may have for the project
- Evaluating the product breakdown structure (PBS) for each of the main stakeholders
Answer: D - The stakeholder registration is used to identify stakeholders who can offer required information. It also gathers stakeholders' project requirements and expectations and learns about the major project expectations that stakeholders may have.
3. Understanding, assessing, specifying, and managing needs are critical for achieving:
- Customer anticipations
- The declaration of the scope
- Senior management
- Functional specifications
Answer: A - The process of monitoring and documenting the outcomes of quality management operations in order to evaluate performance and ensure project outputs are complete, correct, and fulfil customer expectations.
4. A project has a 40% probability of making $100,000 and a 20% risk of losing $100,000. The project's expected monetary value is:
- $100,000 profit
- $60,000 loss
- $20,000 profit
- $40,000 loss
Answer: C - Expected Monitory Value (EMV) is computed by EMV = Probability × Impact.
Calculate both positive and negative numbers and add them:
0.4 × $100,000 = $40,000 - 0.2 × $100,000 = $20,000 EMV = $40,000 - $20,000 = $20,000 profit
5. What does the US $7,000 represent if a risk event has a 70% chance of occurring and the repercussions are $10,000?
- The risk value
- Present worth
- Expected Monetary Value
- Budget for contingencies
Answer: C - Expected Monetary Value = .7 X $ 10,000 = $7,000
6. Parametric estimation includes the following:
- Specifying project cost and duration parameters
- Developing independent cost estimates for each work package and merging them to get the overall project cost
- Developing a cost estimate for project work by establishing a statistical relationship between relevant historical data and other variables.
- Estimating the current project's cost based on the actual cost of a previous comparable project
Answer: A - Parametric estimating is the process of analyzing cost, programmatic, and technical data in order to identify cost drivers and construct cost models for project life cycle cost and duration parameters.
7. Performing integration is a fundamental ability for all project managers; the three stages of performing integration are described below EXCEPT:
- Level of cognition
- Process degree
- Level of complexity
- Level of Context
Answer: C - Project managers must be able to integrate. Integration occurs on three levels: process, cognitive, and context.
8. During which stage of the risk management process is a decision to transfer a risk made?
- Identify Potential Hazards
- Conduct a Quantitative Risk Analysis
- Prepare a Plan Risk Response
- Risks must be monitored and controlled.
Answer: C - Prepare a Plan Risk Response
9. It is becoming more difficult to assess the actual risk cost impact. As a project manager, it should be assessed based on
- A quantitative foundation
- A qualitative foundation
- An economic foundation
- A numerical foundation
Answer: B - A qualitative foundation
10. A project manager is in the process of developing a request for proposal (RFP). In what stage of the procurement procedure is she?
- Carry out procurements
- Procurement Strategy
- Procurement Control
- Procurement Closure
Answer: B - Procurement Strategy
Conclusion
If you're thinking about taking the PMP test, GreyCampus has a range of project management courses to help you pass, including the PMP Certification training course. Our PMP training classes are led by qualified, highly experienced individuals with a minimum of ten years of expertise.