PMP

PMP Exam Questions & Answers 2023/2024 80/20 rule - ANSWER-A general guideline with many applications; in terms of controlling processes, it contends that a relatively large number of problems or defects, typically 80%, are commonly due to a relatively small number of causes, typically 20%. AB testing - ANSWER-A marketing approach used to determine user preferences by showing different sets of users similar services with one independent variable. AC* (Actual Cost) - ANSWER-The realized...

________ 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 request.

Which statement is not true about a PMI® membership? A. Members receive discounts on books, e-learning courses, and certification application fees. B. Members have access to hundreds of templates for their use. C. A PMI® membership will ensure you get a project management position. D. Members can download their personal copy of the PMBOK® Guide. -ANSWERSC. A PMI® membership will ensure you get a project management position. The PMBOK® Guide is written in outline format. Look at the...

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

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...

A Guide to the Project Management Body of Knowledge (PMBOK) - ANSWERSA PMI publication that defines widely accepted project management practices. The CAPM and PMP exam are based on this book. Application areas - ANSWERSThe areas of expertise, industry, or function where a project is centered. Examples of application areas include architecture, IT, healthcare, or manufacturing. Certified Associate in Project Management (CAPM) - ANSWERSA person who has slightly less project management experi...

A project charter that formally authorized a project was created. The project charter documented the initial requirements to satisfy stakeholders' needs and expectations. How often should the project charter be revised? - Answer-Never Which of the following roles in a project is most likely to be involved in negotiations on procurements during the Conduct Procurements phase? - Answer-Procurement administrator (pg 380) Lucy has to brief her key project stakeholders on the recent approved c...

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