PMP CERTIFICATION EXAM TEST PAPER 2026
FULL QUESTIONS AND ANSWERS VERIFIED
STUDY GUIDE FINAL PREP 800
◉ Standard Deviation Estimate.
Answer: (Pessimistic - Optimistic) / 6
◉ Critical Path.
Answer: The path(s) of schedule activities where the delay of any
one activity would delay the project finish; the path of highest risk
◉ Float/Slack.
Answer: The amount of time a schedule activity could be delated
without impacting the finish date of the project
◉ Free Float.
Answer: The amount of time that a schedule activity can be delayed
without delaying the early start date of any successor or violating a
schedule constraint.
◉ Negative Float.
,Answer: The situation of a schedule activity's early finish being after
a subsequent activity's early start.
◉ Critical Path Method (CPM).
Answer: a project-management tool that illustrates the relationships
among all the activities involved in completing a project and
identifies the sequence of activities likely to take the longest to
complete
◉ Critical Chain Method.
Answer: A schedule method that allows the project team to place
buffers on any project schedule path to account for limited resources
and project uncertainties.
◉ Schedule Compression.
Answer: Techniques used to shorten the schedule duration without
reducing the project scope (e.g., crashing).
◉ Resource Optimization Techniques.
Answer: Smoothing or leveling - adjusting resources to the level of
resources available. Load balancing.
◉ Monte Carlo Analysis.
,Answer: A risk quantification technique that simulates a model's
outcome many times to provide a statistical distribution of the
calculated results
◉ Life Cycle Costing (LCC).
Answer: Looking at total cost of ownership from purchase (creation)
through operations to disposal.
◉ Value Engineering.
Answer: An approach used to optimize project life cycle costs, save
time, increase profits, improve quality, expand market share, solve
problems, and/or use resources more effectively.
◉ Cost Baseline.
Answer: The approved version of the time-phased project budget,
excluding any management reserves, which can be changed only
through formal change control procedures and is used as a basis for
comparison to actual results.
◉ Funding Limit Reconciliation.
Answer: The process of comparing the planned expenditure of
project funds against any limits on the commitment of funds for the
project to identify any variances between the funding limits and the
planned expenditures.
, ◉ 7 basic quality tools.
Answer: cause and effect diagrams
flowcharts
checksheets
pareto diagrams
histograms
control charts
scatter diagrams
◉ probability distribution.
Answer:
◉ Control Chart.
Answer: A graphic display of process data over time and against
established control limits, which has a centerline that assists in
detecting a trend of plotted values toward either control limit.
◉ run chart.
Answer:
◉ Pareto Diagram.
FULL QUESTIONS AND ANSWERS VERIFIED
STUDY GUIDE FINAL PREP 800
◉ Standard Deviation Estimate.
Answer: (Pessimistic - Optimistic) / 6
◉ Critical Path.
Answer: The path(s) of schedule activities where the delay of any
one activity would delay the project finish; the path of highest risk
◉ Float/Slack.
Answer: The amount of time a schedule activity could be delated
without impacting the finish date of the project
◉ Free Float.
Answer: The amount of time that a schedule activity can be delayed
without delaying the early start date of any successor or violating a
schedule constraint.
◉ Negative Float.
,Answer: The situation of a schedule activity's early finish being after
a subsequent activity's early start.
◉ Critical Path Method (CPM).
Answer: a project-management tool that illustrates the relationships
among all the activities involved in completing a project and
identifies the sequence of activities likely to take the longest to
complete
◉ Critical Chain Method.
Answer: A schedule method that allows the project team to place
buffers on any project schedule path to account for limited resources
and project uncertainties.
◉ Schedule Compression.
Answer: Techniques used to shorten the schedule duration without
reducing the project scope (e.g., crashing).
◉ Resource Optimization Techniques.
Answer: Smoothing or leveling - adjusting resources to the level of
resources available. Load balancing.
◉ Monte Carlo Analysis.
,Answer: A risk quantification technique that simulates a model's
outcome many times to provide a statistical distribution of the
calculated results
◉ Life Cycle Costing (LCC).
Answer: Looking at total cost of ownership from purchase (creation)
through operations to disposal.
◉ Value Engineering.
Answer: An approach used to optimize project life cycle costs, save
time, increase profits, improve quality, expand market share, solve
problems, and/or use resources more effectively.
◉ Cost Baseline.
Answer: The approved version of the time-phased project budget,
excluding any management reserves, which can be changed only
through formal change control procedures and is used as a basis for
comparison to actual results.
◉ Funding Limit Reconciliation.
Answer: The process of comparing the planned expenditure of
project funds against any limits on the commitment of funds for the
project to identify any variances between the funding limits and the
planned expenditures.
, ◉ 7 basic quality tools.
Answer: cause and effect diagrams
flowcharts
checksheets
pareto diagrams
histograms
control charts
scatter diagrams
◉ probability distribution.
Answer:
◉ Control Chart.
Answer: A graphic display of process data over time and against
established control limits, which has a centerline that assists in
detecting a trend of plotted values toward either control limit.
◉ run chart.
Answer:
◉ Pareto Diagram.
