PMP Study guides, Class notes & Summaries

Question No : 1 While managing a project, you decide to create a prototype of your product first to ensure that it is acceptable to stakeholders before creating your product. This is an example of: Choice 1 Risk mitigation Choice 2 Risk avoidance Choice 3 Simulation Choice 4 Project assumptions testing Correct Choice : 1

Question No : 1 You are working as a project manager in ABC company. Your company decides to select a vendor for a specific requirement and invites bids from vendors. After the bidders conference, one of the vendors gifts you a watch stating that it is his country`s culture to offer a gift to new acquaintances. In this context, what should you do? Choice 1 Accept the gift regardless of your company`s policy. Choice 2 Act as per the norms of your company regarding accepting gifts. Choice 3 ...

___ is typically not referred to as a buffer type in critical chain project management. A. Resource buffer B. Free buffer C. Feeding buffer D. Project buffer B. Free buffer An accepted d

_______ is typically not referred to as a buffer type in critical chain project management. A. Resource buffer B. Free buffer C. Feeding buffer D. Project buffer - Answer B. Free buffer An accepted deadline for a project approaches. However, the project manager realizes only 75% percent of the work has been completed. The project manager then issues a change reque

NFPT exam study guide with Complete solutions PMP A Grade Exam Questions & Answers The five components of physical health - Answer Cardiorespiratory conditioning, muscular endurance, muscular strength, flexibility, body composition SPICES - Answer Social health, physical health, intellectual Health, cognitive health, emotional health, spiritual health Cardiorespiratory conditioning - Answer Endurance Muscular endurance - Answer The amount of strength that can be repeated several times ...

During the initiating stage, which of the following elements will be identified to meet the project goals? A) Key deliverables A car manufacturing company conceptualized a new car that will be more fuel efficient, ergonomically designed, and that satisfies the latest safety regulations. This car was recently launched and has now moved into full-fledged production. This is an example of: B) Project, as this car was conceptualized, designed, and has now been launched When is the cost highes...

Project Correct Ans - A temporary endeavor undertaken to create a unique product, service, or result. Project Management Correct Ans - The application of knowledge, skills, tools, and techniques to project activities to meet project requirements Projects are__________and Operations are____________? Correct Ans - Temporary; Ongoing Program Correct Ans - a collection of related projects and other work, which is prioritized and aligned with the strategic business activities. They contain pro...

hich of the following is NOT a characteristic of a project? Choice 1 Constrained by limited resources Choice 2 Planned, executed, and controlled Choice 3 Creates a unique product or service Choice 4 Ongoing and repetitive Correct Choice : 4 Justification : A project is a temporary endeavor undertaken to create a unique product, service, or result. The temporary nature of projects indicates that a project has a definite beginning and end

. Which of the following contract types has more risk for the buyer? Cost Plus Percentage of Cost (CPPC) Fixed Price (FP) Time and Materials (TM) Cost Plus Fixed Fee (CPFF) You are the project manager of a new model of the car to be launched by your company. The car has to hit market before festive season, but you have got information that Workers are supposed to go on strike during the same time. You try to come with a strategy to get the new model of the car launched inspite of Worker...

Actual Cost - ANSWER The realized cost incurred for the work performed on an activity during a specific time period Organizational Breakdown Structure - ANSWER A hierarchical representation of the project organization, which illustrates the relationship between project activities and the organizational units that will perform those activities