PMP & ITIL Study Guide

Question - 21

Which one of the following best describes the analogous estimating?
1.Less accurate
2.Reserve analysis
3.Bottom up estimating
4.Three-points estimates

Correct Answers are : 1
Explanation : Analogous estimating is less accurate than other estimating methods.

Question - 22

__________includes all activities designed to enhance the skills, knowledge, and capabilities of the project team.
1.Training
2.Ground Rule
3.Reward and Recognition System
4.Recognition System

Correct Answers are : 1
Explanation : A is the correct answer. Training: Includes all activities designed to enhance the skills, knowledge, and capabilities of the project team. Ground Rules: Ground rules establish clear expectations regarding acceptable behavior by project team members.

Question - 23

Some risks that are output of ________ will be the candidates for further study.
1.Perform qualitative risk analysis
2.Perform quantitative risk analysis
3.Plan Risk Management
4.Identify Risks

Correct Answers are : 1
Explanation : Some risks that are output of Qualitative Risk Analysis will be the candidates for further study during the Quantitative Risk Analysis.

Question - 24

Which of the following is NOT the input of Direct and Manage Project Execution process?
1.Project Management Plan
2.Approved Change Requests
3.Enterprise Environmental Factors
4.Project Charter

Correct Answers are : 4
Explanation : Project Charter is not an input of Direct and Manage Project Execution process. Inputs of Direct and Manage Project Execution process are: Project Management Plan, Enterprise Environmental Factors, Approved Change Requests, and Organizational Process Assets (PMBOK Page no, 104)

Question - 25

You are project manager of a project and you have decided to CRASH the project. Which of the following is the most likely outcome of this ?
1.increased cost
2.added risk
3.increased project time
4.doing activities in parallel

Correct Answers are : 1
Explanation : A is the correct answer. CRASHING is reducing project time by expending additional resources. Therefore option A is true.

Question - 26

Changing the project plan to eliminate the risk and protect the project objectives is called ____________.
1.Avoidance
2.Transference
3.Mitigation
4.Share

Correct Answers are : 1
Explanation : Changing the project plan to eliminate the risk and protect the project objectives is called Avoidance.

Question - 27

Make-or-Buy Analysis is done in the_______.
1.Plan Procurements
2.Conduct Procurements
3.Administer Procurements
4.Close Procurements

Correct Answers are : 1
Explanation : Make-or-Buy Analysis is done in the Plan Procurements process.

Question - 28

Which of the following helps to determine the probability of completing the project?
1.Monte Carlo Analysis
2.Impact Analysis
3.Qualitative Risk Analysis
4.Quantitative Risk Analysis

Correct Answers are : 1
Explanation : Monte Carlo Analysis: A schedule risk assessment technique that performs a project simulation many times in order to calculate a distribution of likely results.

Question - 29

You have an urgent requirement on your project and you hire a vendor to start the work immediately. What contract is needed now?
1.Letter contract
2.Fixed fee
3.Incentive contract
4.Fixed Budget

Correct Answers are : 1
Explanation : For an immediate work, a letter contract may be sufficient.

Question - 30

Work Performance Information is output of________.
1.Define Scope
2.Perform Integrated Change Control
3.Direct and Manage Project Execution
4.Monitor and Control Project Work

Correct Answers are : 3
Explanation : Work Performance Information is output of Direct and Manage Project Execution. (PMBOK page no, 115)

Question - 31

_________are simillar to control chart without displayed limits.
1.Run charts
2.Pareto charts
3.Ishikawa diagrams
4.Histograms

Correct Answers are : 1
Explanation : Run chart is simillar to control chart without displayed limits. PMBOK Page no 242.

Question - 32

SWOT analysis is done in _________.
1.Perform Qualitative Risk Analysis
2.Identify Risks
3.Plan Risk Responses
4.Plan Risk Management

Correct Answers are : 2
Explanation : SWOT analysis is done in Identify Risks process. (PMBOK page no 305.)

Question - 33

Which of the following is NOT Tools and Techniques in Quantitative Risk Analysis?
1.Expected Monetary Value Analysis
2.Decision Tree Analysis
3.Sensitivity Analysis
4.Influence Diagram

Correct Answers are : 4
Explanation : Influence Diagram is a technique to identify risks.

Question - 34

Which estimating technique is most accurate?
1.Bottom-up estimating
2.Analogous estimating
3.Parametric modelling
4.None of the above

Correct Answers are : 1
Explanation : Bottom-up estimating: Estimating the cost of individual work items and then rolling up the costs to arrive at a project total is more accurate.

Question - 35

Performance appraisal, recruitment, retention, regulatory issues, and labor relations are generally used in the________ area.
1.General management
2.Administrative
3.Project Management
4.Accounting

Correct Answers are : 1
Explanation : Skills such as performance appraisal, recruitment, retention, regulatory issues and labor relations are generally considered more administrative than management oriented.

Question - 36

Probabilistic Analysis of a project, probability of achieving cost and time objectives and trends in Quantitative Risk Analysis results are done during _______.
1.Perform Qualitative Risk Analysis
2.Perform Quantitative Risk Analysis
3.Plan Risk Management
4.Identify Risks

Correct Answers are : 2
Explanation : Probabilistic analysis of a project, probability of achieving cost and time objectives and trends in Quantitative Risk Analysis results are done during Quantitative Risk Analysis.

Question - 37

You are the project manager for the large Project. You are currently busy with approximating number of work periods required to complete individual activities with estimated resources. Which of the following inputs you need for this ?
1.Activity List
2.Activity resource requirements
3.Resource Calendars
4.All of the above

Correct Answers are : 3
Explanation : C is the correct answer. Approximating number of work periods required to complete individual activities with estimated resources is done in Estimate Activity Duration process. Activity List,Activity resource requirements and Resource Calendars are inputs of Estimate Activity Duration process. PMBOK Page no 177.

Question - 38

You are newly appointed as a project manager of an ongoing project. You want to see the role, authority, responsibility and competencies of all the resources working in the project. Which of the following document lists all the above information?
1.Scope statement
2.Project Charter
3.Human Resource Plan
4.WBS

Correct Answers are : 3
Explanation : C is the correct answer. Human Resource Plan lists role, authority, responsibility and competencies of all the resources working in the project. PMBOK Page no 253.


Question - 39

One activity will be delay three weeks and that will affect the project completion date. Who will approve the change ?
1.Change control board
2.project manager
3.Senior management
4.Team member

Correct Answers are : 1
Explanation : A is the correct answer. Change control board approve the change.


Question - 40

Cost benefit analysis is done in the ___________process:
1.Plan Quality
2.Perform Quality Assurance
3.Perform Quality Control
4.All of the above

Correct Answers are : 1
Explanation : Cost benefit analysis is done in the Plan Quality process.