Questions of Test: PMP Certification practice test

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1

Projects are initiated due to

2

Which reason triggers initialization of projects?

3

All of the following statements concerning project stakeholders are true except

4

All the statements regarding control accounts and planning packages are true except:

5

Which type of bilateral contract is used for high dollar, standard items?

6

Three Point Statistical Estimating Formula Group. Expected Value =

7

A company has to make a choice between two projects, because the available resources in money and kind are not sufficient to run both at the same time. Each project would take 9 months and would cost $250,000.

1.      The first project is a process optimization which would result in a cost reduction of $120,000 per year. This benefit would be achieved immediately after the end of the project.
 
2.      The second project would be the development of a new product which could produce the following net profits after the end of the project:

1. year:        $       15,000
2. year:        $       125,000
3. year:        $       220,000

Assumed is a discount rate of 5% per year. Looking at the present values of the benefits of these projects in the first 3 years, what is true?

8

What is not the purpose of Configuration control when Configuration management is applied in a project?

9

Your customer asks for a small change in the project, which was not budgeted in the project. It is a small effort as compared to the total project and you need the goodwill for a multimillion dollar on the pipeline. You will

10

Communication is the PRIME responsibility of a Project:

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