Your company will receive a large bonus payment for completing a customer’s project by a certain date. However, as the project manager, you know the project will complete approximately 2 weeks after that date as it is currently scheduled. Your manager is insisting that you to do whatever it takes to finish the project by
PMP Exam Set C – Q11
You took over a project from an individual who was let go. You are reading the project documentation and found the project charter was signed by five managers. What should be your primary concern at this time? A. Determining reporting structureB. Communicating in a matrix organizationC. Getting a single sponsorD. Identifying who can represent the
PMP Exam Set C – Q10
Why is it important to have a staff release plan for people within the project team? A. It helps people manage their time.B. The project protects itself from lawsuit.C. It is not important.D. The project saves money by releasing people from the project at the right time and morale is also improved. Show Answer D.
PMP Exam Set C – Q9
Jane is working for a chemical industry and her management proposed two different projects to manufacture Benzene for commercial use. After doing financial analysis, the financial advisor provided her the following statistics about the projects. Project-1: 60% probability of success with a profit of $500,000 and 20% probability of failure with a loss of $200,000;
PMP Exam Set C – Q8
The Identify Stakeholders process is an initiating process. At this stage, which of the following organizational process assets is the most crucial input to this process? A. Change control proceduresB. Lessons learned from previous projects.C. Financial control proceduresD. Risk control procedures Show Answer B. Lessons learned from previous projects.
PMP Exam Set C – Q7
Project stakeholders are individuals and organizations that are actively involved in the project or have an interest in it. Which of the following is not a stakeholder? A. CustomerB. Project SponsorC. CompetitorD. Project Manager Show Answer C. Competitor
PMP Exam Set C – Q6
Emily is the project manager of a project that has a timeline of 18 months. Emily has planned for daily status reports to be sent out to all stakeholders. After receiving two such reports, the project sponsor informs Emily that she would only like to have fortnightly reports. Emily had done an analysis of communications
PMP Exam Set C – Q5
Which of the following documents the formal or informal assessments of the project team’s effectiveness? A. Team Performance AssessmentsB. Project Performance AppraisalsC. ObservationsD. Conversations Show Answer A. Team Performance Assessments
PMP Exam Set C – Q4
Your project schedule shows a 15 month finish, but your customer has just realized there is a regulatory requirement to complete the project by a certain date and insists this project must be finished in 12 months. Which of the following is the best approach? A. Tell the customer it can be done, then cut
PMP Exam Set C – Q3
Which of these precedence relationships is most commonly used in Precedence Diagramming Method? A. Finish to StartB. Start to FinishC. Start to StartD. Finish to Finish Show Answer A. Finish to Start