PMP Study Comprehensive
Questions with Verified
Answers Graded A+
Crashing - Answer: Involves adding extra resources to the critical path.
Decision Tree Analysis - Answer: calculates une expected monetary value
To help you and your team determine the best path to Follow. (Risk;emv)
Firm Fixed Price (FFP) - Answer: Pricing does not change. Favored by organization. Risk on seller.
Project Charter - Answer: Provides high level project objectives. Definite the boundaries of the
project scope.
RACI chart - Answer: Responsible, Accountable, Consult, Inform
Deming Cycle - Answer: Plan, Do, Check, Act
Ishikawa Diagram (Fishbone) - Answer: Identifying potential causes of a problem, showing cause
and effect relationships.
Risks - Threats - Answer: Avoid - remove root cause
Transfer: 3rd party
,Mitigate:
Accept: no change
Risk - Opportunities - Answer: Exploit - change plans to remove uncertainty
Share - Allocate
Enhance - increase positive impact or probability
Accept - not actively pursued
EAC (Estimate at Completion) - Answer: BAC / CPI (budget at completion divided by cost
performance index)
Prediction of what the project will cost when completed.
Phase review - Answer: Kill point
Analogous Estimating - Answer: An approach that relies on historical information to predict the
cost of the current project. It is also known as top-down estimating and is the least reliable of all
the cost-estimating approaches.
Similar project.
PSR - Answer: product, service, or result
Data Analysis - Answer: Alternative analysis
Root cause analysis
Variance analysis
Trend analysis
,Risk report - Answer: report summarizing the project risks
Risk Register - Answer: Potential project risks, owners of each risk and a potential risk response.
Data Gathering - Answer: The process of collecting facts and figures.
Brainstorming
Interviews
Focus groups
Checklist
Questionnaire
Surveys
Gather data information about a particular process that you are working on.
Informal communication - Answer: Emails
Social media
Website
Informal adhoc discussion
Colocation - Answer: Same place/ location.
Formal communication - Answer: Reports
Meeting agendas
Stakeholder briefings
Formal meetings
, Physical Resources - Answer: Supplies
Materials
Tools
Equipment
Facilities
Software
Databases
Schedule Variance (SV) - Answer: EV - PV
Negative is behind schedule; positive is ahead of schedule
Schedule Performance Index (SPI) - Answer: EV/PV
Tuckman's Stages of Group Development - Answer: forming, storming, norming, performing,
adjourning
Planned Value (PV) - Answer: Planned% x BAC
Earned Value (EV) - Answer: Actual % Complete x BAC
Work Breakdown Structure (WBS) - Answer: A deliverables-oriented breakdown of the project
scope.
Breakdown deliverables into smaller manageable components.
Output: scope baseline
Questions with Verified
Answers Graded A+
Crashing - Answer: Involves adding extra resources to the critical path.
Decision Tree Analysis - Answer: calculates une expected monetary value
To help you and your team determine the best path to Follow. (Risk;emv)
Firm Fixed Price (FFP) - Answer: Pricing does not change. Favored by organization. Risk on seller.
Project Charter - Answer: Provides high level project objectives. Definite the boundaries of the
project scope.
RACI chart - Answer: Responsible, Accountable, Consult, Inform
Deming Cycle - Answer: Plan, Do, Check, Act
Ishikawa Diagram (Fishbone) - Answer: Identifying potential causes of a problem, showing cause
and effect relationships.
Risks - Threats - Answer: Avoid - remove root cause
Transfer: 3rd party
,Mitigate:
Accept: no change
Risk - Opportunities - Answer: Exploit - change plans to remove uncertainty
Share - Allocate
Enhance - increase positive impact or probability
Accept - not actively pursued
EAC (Estimate at Completion) - Answer: BAC / CPI (budget at completion divided by cost
performance index)
Prediction of what the project will cost when completed.
Phase review - Answer: Kill point
Analogous Estimating - Answer: An approach that relies on historical information to predict the
cost of the current project. It is also known as top-down estimating and is the least reliable of all
the cost-estimating approaches.
Similar project.
PSR - Answer: product, service, or result
Data Analysis - Answer: Alternative analysis
Root cause analysis
Variance analysis
Trend analysis
,Risk report - Answer: report summarizing the project risks
Risk Register - Answer: Potential project risks, owners of each risk and a potential risk response.
Data Gathering - Answer: The process of collecting facts and figures.
Brainstorming
Interviews
Focus groups
Checklist
Questionnaire
Surveys
Gather data information about a particular process that you are working on.
Informal communication - Answer: Emails
Social media
Website
Informal adhoc discussion
Colocation - Answer: Same place/ location.
Formal communication - Answer: Reports
Meeting agendas
Stakeholder briefings
Formal meetings
, Physical Resources - Answer: Supplies
Materials
Tools
Equipment
Facilities
Software
Databases
Schedule Variance (SV) - Answer: EV - PV
Negative is behind schedule; positive is ahead of schedule
Schedule Performance Index (SPI) - Answer: EV/PV
Tuckman's Stages of Group Development - Answer: forming, storming, norming, performing,
adjourning
Planned Value (PV) - Answer: Planned% x BAC
Earned Value (EV) - Answer: Actual % Complete x BAC
Work Breakdown Structure (WBS) - Answer: A deliverables-oriented breakdown of the project
scope.
Breakdown deliverables into smaller manageable components.
Output: scope baseline
