PMP Exam Set D – Q41

You have a schedule activity that can be delayed without delaying the early start date of any subsequent activities. This is an example of?

A. Free Float
B. Lead Float
C. Total Float
D. Lag Float

A. Free Float

PMP Exam Set D – Q40

The term ____________ indicates the degree to which a particular product or service meets requirements, while ____________ indicates a category or rank used to distinguish that item from other similar items.

A. Quality, grade
B. Grade, standard
C. Grade, quality
D. Quality, standard

A. Quality, grade

PMP Exam Set D – Q39

A project to design and build a new aircraft is cancelled after the project has been underway for some time. What process is invoked to document what work was done, and to what extent it was completed?

A. Manage Scope
B. Close Scope
C. Perform Quality Control
D. Close Project or Phase

D. Close Project or Phase

PMP Exam Set D – Q37

During the execution of your project, you decide that you would like to have charts of your project status – cost and schedule, display certain key project data, and hold your project meetings in a specific conference room. Such a place would be called:

A. Armageddon
B. War room
C. Battlefield
D. Ground zero

B. War room

PMP Exam Set D – Q36

The project you are working on has received an invoice from a vendor for USD $17,500. However, your team believes the correct total due is $15,300. When you notify the vendor of this, the vendor still insists on US$ 17,500. What is the best course of action now?

A. Pay $15,300.
B. Negotiate with the vendor.
C. File a lawsuit.
D. Pay $17,500

B. Negotiate with the vendor.

PMP Exam Set D – Q35

A project is contracted as a Cost-Plus-Incentive-Fee (CPIF) type of contract. The project is negotiated such that if the final costs are less than expected costs, the sharing formula for cost savings is 80:20. The targeted cost is US$ 500,000 with a 10% fee. If the project comes in at US$ 450,000, what would be the cost of the total contract?

A. US$ 495,000
B. US$ 510,000
C. US$ 505,000
D. US$ 550,000

B. US$ 510,000

PMP Exam Set D – Q34

The Quality Policy is the intended direction of a performing organization with regard to quality. As a project manager in a performing organization, you find that the organization lacks a formal quality policy. What should be done in such a case?

A. The project management team need not develop a quality policy since the performing organization does not have one.
B. The project management team needs to obtain the quality policy from the customer.
C. A quality policy is a ‘nice-to-have’ and is not required for every project.
D. The project management team will need to develop a quality policy for the project.

D. The project management team will need to develop a quality policy for the project.

PMP Exam Set D – Q33

Which of the following statements is correct?

A. A collection of unrelated programs can constitute a portfolio.
B. The scope of a portfolio is typically smaller than that of a program.
C. A program is a group of unrelated projects.
D. A program need not consist of projects.

A. A collection of unrelated programs can constitute a portfolio.

PMP Exam Set D – Q32

You are a business development manager at a mid sized automobile manufacturing company. Recently, you’ve been given a project to evaluate the possibility of manufacturing light duty trucks in a Southeastern Asian country. To develop a cost estimate, you visit the country with a team of experts to analyze local resources such as power, labor, and real estate. After the visit, you discuss the findings with an automobile manufacturing consultant. The consultant notes that the local laws and government bureaucracy typically means foreign investors spend more over a year obtaining all required permits. To avoid these delays, the consultant advises exchanging a small amount of company stock to the son of the country’s president. In return for the stock, the president’s son will personally handle and expedite the issuing of all permits required. What should you do?

A. Add the opportunity costs associated with the year delay in getting permitted without local assistance.
B. Notify your company a that a bribe is necessary to avoid lengthy delays in permitting.
C. Facilitate a meeting with the president’s son and your managing director to finalize the details of the stock for services arrangement.
D. Determine the legality of the proposed exchange of stock for permitting assistance.

D. Determine the legality of the proposed exchange of stock for permitting assistance.