Study

Question 1

Which type of business case is used when an organization authorizes a project that adjusts organizational practices because of new federal guidelines?

Answer 1

Legal Requirement

Question 2

What is a positive float?

Answer 2

The amount of time that a non-critical activity’s start can be delayed without affecting the project completion date

Question 3

What does VAC represent?

Answer 3

Variance at completion (VAC) is the budget variance expected at the end of the project

Question 4

What does the acronym SME denote?

Answer 4

Subject Matter expert

Question 5

What work should a PMP accept for a project?

Answer 5

Only work that supports the project charter and the needs of the stakholders

Question 6

What are team building activities?

Answer 6

activities that are conducted to increase performance and cohesiveness

Question 7

What is LOE?

Answer 7

Level of Effort

Question 8

What is the difference between a Request for Proposal and a Request for Quote?

Answer 8

RFP is a detailed proposal including pricing, and RFQ is only a price quote

Question 9

What are assumptions?

Answer 9

Factors considered to be true for planning purposes

Question 10

How do you perform a backwards pass?

Answer 10

Follow network diagram from project finish to project start. For each activity subtract the activity’s duration from the late finish to derive the late start of the activity.

Question 11

Who has ultimate accountability for quality of the project?

Answer 11

The project manager

Question 12

What environment includes the economy, competitive environment, and legislative constraints?

Answer 12

External environment

Question 13

Why is statistical sampling used in measuring quality?

Answer 13

because it is not feasible to perform inspection for the entire population

Question 14

What does the acronym RDU denote?

Answer 14

Remaining duration

Question 15

What would be the only situation in which you would create a revised schedule baseline?

Answer 15

When approved changes are identified

Question 16

What is identified in the cost management plan?

Answer 16

Procedures that will be used to modify the cost baseline and manage costs through the project

Question 17

Which system is the most important in controlling scope creep?

Answer 17

Change control system

Question 18

What negotiation is used when acquiring resources?

Answer 18

to obtain necessary staff or resources

Question 19

Which term refers to a document that specifies the characteristics of a product, process, or service to which it is mandatory to comply?

Answer 19

Regulations

Question 20

The minimum viable product (MVP) is a pillar of what approach?

Answer 20

The iterative approach, providing a fully functioning value deliverable, but does not include all possible value.

Question 21

What are the 5 process groups required for any project?

Answer 21

Initiative
Planning
Executing
Monitoring
Closing

Question 22

What are three categories of processes?

Answer 22

There are three categories of processes—those used only once, those used periodically, and those used continuously.

Question 23

What is the difference between data and information?

Answer 23

data is typically an output while information is an input.

Question 24

What are the 4 values of Agile?

Answer 24

1. Individuals and interactions over processes and tools
2. Working software over comprehensive documentation
3. Customer collaboration over contract negotiation
4. Responding to change over following a plan

Question 25

How do you determine the most appropriate project life cycle?

Answer 25

Agile Suitability Filter