PMP Certification QUESTIONS &
ANSWERS(2024 LATEST
UPDATE)CORRECT 100%
Change Control Board - ANSWER Group whose function is to review, approve or reject changes on the
project as they relate to the various areas of the represented bussiness
Change Control System - ANSWER Used to asses the impact and consequnces of requested changes on
the project
Contraints - ANSWER Factors that limits project options such as the number of people available, amount
of time or money available to finish the job or other resources or assest issues
1. Close out any contracts w/ outside vendors
2. Deliver any required reports assoc. w/ closure (Opa updates)
3. Complete any Close Project of Phase activites
4. Performed Lessons Learned
5. Complete Archives of any project Files (OPA updates)
6. Release resources for other projects - ANSWER General Closing Order of itmes for a project (6)
Opportunity that allows the team to learn from past experience and improve on the project as the
complete it. LL can come along before the end on the project . If they come at the end administrative
procedures come into play - ANSWER What are Lessons Learned?
1. To develop a consistent process to evaluate changes
2. To create an environment in which you can review and approve appropiate changes to modify the
project for the better.
3. To set communication standards so the project team can communicate those changes to the
appropiate stakeholders - ANSWER 3 main goals of a configuration mgmt system
,Project Managment Plan - ANSWER A cumulative document that contains all the documents used in the
project mgmt apporach on the project. It describes the steps associated w/ executing, monitoring and
controlling and closing
Product Verification Lesson Learned
Updating records - Project files, contract files
Project Life Cycle - ANSWER Process of completing work on the Project. It is not the management of the
work, but rather the work process. Can be describe what work is done (and who does the work ) in each
phase of the project, what the deliverables are, and the approval for each phase
Sub Project - ANSWER A smaller piece of the project as a result of decomposition; is usually created as a
result of creating the work breakdown structure
Characterisitics of Project(5) - ANSWER Has a specific purpose Creates specific results
Has a start a nd finish Temporary
Could be progressively elaborated as more is learn
Product Life Cycle - ANSWER Involves the product or service from concept to divestment (closure) This
cycle typically begins with a business plan end with a product or service
Project Mgmt Life Cycle in 5 process group - ANSWER Initating Planning Executing Monitoring and
Controlling
Closing
Projects (or project selection) are typically authorized as result of the following - ANSWER Market
Demand Strategic Opportunity Customer Request
Technological Advance Legal requirements
Program Management - ANSWER A group of related projects managed in a coordinated way to obtain
benefits and control not availble from managing the individually
,Strategic Planning - ANSWER Practice by which a company looks into the furture for products or services
it must have, typically 3 to 5 years in the future. Projects are the tools that company will use to
implement the strategic goals
Scope time cost - ANSWER What is the triple contraints?
Quality gurus HR gurus Comm Channels Fromula
Expected Monetary Value Formula
Four Core Earned Value Formula
Standard Deviation Values Triangular pert formulas - ANSWER 10 things remember for a brain dump
Process groups /Knowledge areas are number by - ANSWER 2 - 20 - 8 - 10 - 2
Portfolio - ANSWER A group of programs of projects related and managed in a coordinated way to
achieve specific strategic business goals
Program - ANSWER A group of related projected project that are managed to obtain synergistic benefits
and control
Projectized Organization - ANSWER An Organizational which authorizes the project manager to assign
resources to the project to establish priorities and to direct the work of the project
Portfolio Mgmt - ANSWER Mgmt of various portfolios that include the project and programs of which
they consist can in prioritization, authorization, mgmt
Opportunity that allows the team to learn from past experience and improve on the project as the
complete it. LL can come along before the end on the project . If they come at the end administrative
procedures come into play - ANSWER What are Lessons Learned?
Baseline - ANSWER The original estimate plus any approve changes. it is the value against which the
work results (somtimes called actuals) are compared
, Anything that ends with a plan or baseline - ANSWER Components of the project Mgmt Plan..
Configuration Mgmt - ANSWER Process used to control product features and details through change
control
1. Anyone whose has an authority to create a charter. 2. even a PM - but it must be signed by someone
who can invest authority for the project w/ the PM typically Senior Mgmt - ANSWER Who creates a the
Project Charter?
Develop Project Charter - ANSWER Process of developing a document that formally authorizes a project
or a phase and document initial requirements that satisfy the stakeholders needs and expectations
Work Authorization System - ANSWER Formal or informal system used in project mgmt to ensure that
work is done as planned. It ensures that right work is done in the right order at the right time by the
right people
4.1 Develop Project Charter
4.2 Develop Proj Mgmt Plan
4.3 Direct and Manage Project Execution
4.4 Monitor and Control Work
4.5 Perform Integrated Change Control
4.6 Close Project or Phase - ANSWER 6 process for Project Integration Mangement (6)
Organization Process Assest - ANSWER Inputs to many process that deal with variables external to the
project, such as information systems and company policies and procedures. They can include processes,
definitions, templates, orgranization communications needs
It's important to explain the impact of requested changes to the authorized requestor or sponsor and let
that person make the call on approving the changes based on the impact - ANSWER Know how to
correctly interpret stakeholder requests for project changes.
ANSWERS(2024 LATEST
UPDATE)CORRECT 100%
Change Control Board - ANSWER Group whose function is to review, approve or reject changes on the
project as they relate to the various areas of the represented bussiness
Change Control System - ANSWER Used to asses the impact and consequnces of requested changes on
the project
Contraints - ANSWER Factors that limits project options such as the number of people available, amount
of time or money available to finish the job or other resources or assest issues
1. Close out any contracts w/ outside vendors
2. Deliver any required reports assoc. w/ closure (Opa updates)
3. Complete any Close Project of Phase activites
4. Performed Lessons Learned
5. Complete Archives of any project Files (OPA updates)
6. Release resources for other projects - ANSWER General Closing Order of itmes for a project (6)
Opportunity that allows the team to learn from past experience and improve on the project as the
complete it. LL can come along before the end on the project . If they come at the end administrative
procedures come into play - ANSWER What are Lessons Learned?
1. To develop a consistent process to evaluate changes
2. To create an environment in which you can review and approve appropiate changes to modify the
project for the better.
3. To set communication standards so the project team can communicate those changes to the
appropiate stakeholders - ANSWER 3 main goals of a configuration mgmt system
,Project Managment Plan - ANSWER A cumulative document that contains all the documents used in the
project mgmt apporach on the project. It describes the steps associated w/ executing, monitoring and
controlling and closing
Product Verification Lesson Learned
Updating records - Project files, contract files
Project Life Cycle - ANSWER Process of completing work on the Project. It is not the management of the
work, but rather the work process. Can be describe what work is done (and who does the work ) in each
phase of the project, what the deliverables are, and the approval for each phase
Sub Project - ANSWER A smaller piece of the project as a result of decomposition; is usually created as a
result of creating the work breakdown structure
Characterisitics of Project(5) - ANSWER Has a specific purpose Creates specific results
Has a start a nd finish Temporary
Could be progressively elaborated as more is learn
Product Life Cycle - ANSWER Involves the product or service from concept to divestment (closure) This
cycle typically begins with a business plan end with a product or service
Project Mgmt Life Cycle in 5 process group - ANSWER Initating Planning Executing Monitoring and
Controlling
Closing
Projects (or project selection) are typically authorized as result of the following - ANSWER Market
Demand Strategic Opportunity Customer Request
Technological Advance Legal requirements
Program Management - ANSWER A group of related projects managed in a coordinated way to obtain
benefits and control not availble from managing the individually
,Strategic Planning - ANSWER Practice by which a company looks into the furture for products or services
it must have, typically 3 to 5 years in the future. Projects are the tools that company will use to
implement the strategic goals
Scope time cost - ANSWER What is the triple contraints?
Quality gurus HR gurus Comm Channels Fromula
Expected Monetary Value Formula
Four Core Earned Value Formula
Standard Deviation Values Triangular pert formulas - ANSWER 10 things remember for a brain dump
Process groups /Knowledge areas are number by - ANSWER 2 - 20 - 8 - 10 - 2
Portfolio - ANSWER A group of programs of projects related and managed in a coordinated way to
achieve specific strategic business goals
Program - ANSWER A group of related projected project that are managed to obtain synergistic benefits
and control
Projectized Organization - ANSWER An Organizational which authorizes the project manager to assign
resources to the project to establish priorities and to direct the work of the project
Portfolio Mgmt - ANSWER Mgmt of various portfolios that include the project and programs of which
they consist can in prioritization, authorization, mgmt
Opportunity that allows the team to learn from past experience and improve on the project as the
complete it. LL can come along before the end on the project . If they come at the end administrative
procedures come into play - ANSWER What are Lessons Learned?
Baseline - ANSWER The original estimate plus any approve changes. it is the value against which the
work results (somtimes called actuals) are compared
, Anything that ends with a plan or baseline - ANSWER Components of the project Mgmt Plan..
Configuration Mgmt - ANSWER Process used to control product features and details through change
control
1. Anyone whose has an authority to create a charter. 2. even a PM - but it must be signed by someone
who can invest authority for the project w/ the PM typically Senior Mgmt - ANSWER Who creates a the
Project Charter?
Develop Project Charter - ANSWER Process of developing a document that formally authorizes a project
or a phase and document initial requirements that satisfy the stakeholders needs and expectations
Work Authorization System - ANSWER Formal or informal system used in project mgmt to ensure that
work is done as planned. It ensures that right work is done in the right order at the right time by the
right people
4.1 Develop Project Charter
4.2 Develop Proj Mgmt Plan
4.3 Direct and Manage Project Execution
4.4 Monitor and Control Work
4.5 Perform Integrated Change Control
4.6 Close Project or Phase - ANSWER 6 process for Project Integration Mangement (6)
Organization Process Assest - ANSWER Inputs to many process that deal with variables external to the
project, such as information systems and company policies and procedures. They can include processes,
definitions, templates, orgranization communications needs
It's important to explain the impact of requested changes to the authorized requestor or sponsor and let
that person make the call on approving the changes based on the impact - ANSWER Know how to
correctly interpret stakeholder requests for project changes.
