(Test Bank) PMI (PMP) Exam 6Th Edition Pmbok | Questions Bank | 928 Questions With 100% Correct Answers | With Complete Solution [358 Pages]

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PMI (PMP) Exam 6th Edition PMBOK An element of the project scope statement is: A. Acceptance criteria. B. A stakeholder list. C. A summary budget. D. High -level risks. - ✔✔A Reserves Analysis - ✔✔Risk management method of determining contingency or management reserves for schedule Whic h document describes the necessary information to determine if a project is worth the required investment? A. Cost baseline B. Service level agreement C. Memorandum of understanding D. Business case - ✔✔D Which input to the Plan Risk Management process p rovides information on high -level risks? A. Project charter B. Enterprise environmental factors C. Stakeholder register D. Organizational process assets - ✔✔A Which item is an example of personnel assessment? A. Resource calendar B. Tight matrix C. Team -building activity D. Focus group - ✔✔D Which input to the Manage Stakeholder Engagement process provides guidance on how stakeholders can best be involved in a project? A. Feedback analysis B. Stakeholder analysis C. Communication management plan D. Sta keholder management plan - ✔✔D Which input to the Identify Stakeholders process provides information about internal or external parties related to the project? A. Procurement documents B. Communications plan C. Project charter D. Stakeholder register - ✔✔C The Identify Stakeholders process is found in which Process Group? A. Initiating B. Monitoring and Controlling C. Planning D. Executing - ✔✔A An input to Develop Project Charter is a/an: A. Business case. B. Activity list. C. Project management plan . D. Cost forecast. - ✔✔A Which Knowledge Area involves identifying the people, groups, or organizations that may be impacted by or impact a project? A. Project Risk Management B. Project Human Resource Management C. Project Scope Management D. Project S takeholder Management - ✔✔D Which input to Collect Requirements is used to identify stakeholders who can provide information on requirements? A. Stakeholder register B. Scope management plan C. Stakeholder management plan D. Project charter - ✔✔A In whi ch Knowledge Area is the project charter developed? A. Project Cost Management B. Project Scope Management C. Project Time Management D. Project Integration Management - ✔✔D The ability to influence cost is greatest during which stages of the project? A. Early B. Middle C. Late D. Completion - ✔✔A Which process involves developing an approximation of the monetary resources needed to complete project activities? A. Estimate Costs B. Control Costs C. Determine Budget D. Plan Cost Management - ✔✔A Which tool or technique is used in the Develop Project Management Plan process? A. Pareto diagram B. Performance reporting C. SWOT analysis D. Expert judgment - ✔✔D The organization's perceived balance between risk taking and risk avoidance is reflected in the risk: A. Responses B. Appetite C. Tolerance D. Attitude - ✔✔A An output of the Manage Stakeholder Engagement process is: A. change requests B. enterprise environmental factors C. the stakeholder management plan D. the change log - ✔✔A Which process num erically analyzes the effect of identified risks on overall project objectives? A. Plan Risk Management B. Plan Risk Responses C. Perform Quantitative Risk Analysis D. Perform Qualitative Risk Analysis - ✔✔C Which Collect Requirements output links the pr oduct requirements to the deliverable that satisfy them? A. Requirements documentation B. Requirements traceability matrix C. Project management plan updates D. Project documents updates - ✔✔B A temporary endeavor that creates a unique product or service is called a: A. Project B. Plan C. Program D. Portfolio - ✔✔A The process of prioritizing risks for further analysis or action is known as: A. Plan Risk Management. B. Plan Risk Responses. C. Perform Qualitative Risk Analysis. D. Perform Quantitative R isk Analysis. - ✔✔C Stakeholder satisfaction should be managed as a key project: A. Benefit B. Initiative C. Objective D. Process - ✔✔C Which cost is associated with nonconformance? A. Liabilities B. Inspections C. Training D. Equipment - ✔✔A Identify Risks is part of which Process Group? A. Planning B. Executing C. Closing D. Initiating - ✔✔A The business needs, assumptions, and constraints and the understanding of the customers needs and high -level requirements are documented in the: A. Project ma nagement plan. B. Project charter. C. Work breakdown structure. D. Stakeholder register. - ✔✔B Which Process Group and Knowledge Area include the Sequence Activities process? A. Executing Process Group and Project Time Management B. Executing Process Gro up and Project Cost Management C. Planning Process Group and Project Time Management D. Planning Process Group and Project Cost Management - ✔✔C In the Plan Stakeholder Management process, expert judgment is used to: A. Provide information needed to plan appropriate ways to engage project stakeholders. B. Ensure comprehensive identification and listing of new stakeholders. C. Analyze the information needed to develop the project scope statement. D. Decide the level of engagement of the stakeholders at each required stage. - ✔✔D Power, urgency, and legitimacy are attributes of which stakeholder classification model? A. Salience B. Influence/impact C. Power/interest D. Power/influence - ✔✔A Through whom do project managers accomplish work? A. Consultants and stakeholders B. Stakeholders and functional managers C. Project team members and consultants D. Project team members and stakeholders - ✔✔D A stakeholder expresses a need not known to the project manager. The project manager most likely missed a step in which stakeholde r management process? A. Plan Stakeholder Management B. Identify Stakeholders C. Manage Stakeholder Engagement D. Control Stakeholder Engagement - ✔✔A Skills necessary for project management such as motivating to provide encouragement; listening actively ; persuading a team to perform an action; and summarizing, recapping, and identifying next steps are known as: A. organizational skills B. technical skills C. communication skills D. hard skills - ✔✔C When a project is undertaken to reduce defects in a p roduct or service, the objective of the project is to create a/an: A. improvement B. program C. result D. portfolio - ✔✔A The degree of uncertainty an entity is willing to take on in anticipation of a reward is known as its risk: A. management B. respon se C. tolerance D. appetite - ✔✔D The zero duration of milestones in project planning occurs because milestones: A. Are unpredictable and challenge the Plan Schedule Management process. B. Occur at random times in the project plans. C. Represent a mome nt in time such as a significant project point or event. D. Represent both significant and insignificant points in the project and are difficult to anticipate. - ✔✔C The component of the human resource management plan that includes ways in which team mem bers can obtain certifications that support their ability to benefit the project is known as: A. recognition and rewards B. compliance C. staff acquisition D. training needs - ✔✔D Stakeholders can be identified in later stages of the project because the Identify Stakeholders process should be: A. Continuous B. Discrete C. Regulated D. Arbitrary - ✔✔A In project management, a temporary project can be: A. Completed without planning B. A routine business process C. Long in duration D. Ongoing to produce g oods - ✔✔C Which document in the project management plan can be updated in the Plan Procurement Management process? A. Budget estimates B. Risk matrix C. Requirements documentation D. Procurement documents - ✔✔C Which type of probability distribution is used to represent uncertain events such as the outcome of a test or a possible scenario in a decision tree? A. Uniform B. Continuous C. Discrete D. Linear - ✔✔C Which stakeholder approves a project's result? A. Customer B. Sponsor C. Seller D. Function al manager - ✔✔A Which process involves determining, documenting, and managing stakeholders' needs and requirements to meet project objectives? A. Collect Requirements B. Plan Scope Management C. Define Scope D. Define Activities - ✔✔A Plan Communicatio ns Management develops an approach and plan for project communications based on stakeholders' needs and requirements and: A. Available organizational assets B. Project staff assignments C. Interpersonal skills D. Enterprise environmental factors - ✔✔A What is the risk rating if the probability of occurrence is 0.30 and the impact if it does occur is moderate (0.20)? A. 0.03 B. 0.06 C. 0.10 D. 0.50 - ✔✔B A complete set of concepts, terms, and activities that make up an area of specialization is known as: A. a Knowledge Area B. a Process Group C. program management D. portfolio management - ✔✔A The risk response strategy in which the project team acts to reduce the probability of occurrence or impact of a risk is known as: A. exploit B. avoid C. mitigat e D. share - ✔✔C Which process is conducted from project inception through completion and is ultimately the responsibility of the project manager? A. Control Quality B. Monitor and Control Project Work C. Control Scope D. Perform Integrated Change Contro l - ✔✔D Project management processes ensure the: A. alignment with organizational strategy B. efficient means to achieve the project objectives C. performance of the project team D. effective flow of the project throughout its life cycle - ✔✔D Which pro ject risk listed in the table below is most likely to occur? RISK PROBABILITY IMPACT 1 L M 2 H H 3 L L 4 M L A. 1 B. 2 C. 3 D. 4 - ✔✔B Which is an enterprise environmental factor? A. Marketplace conditions B. Policies and procedures C. Project files f rom previous projects D. Lessons learned from previous projects - ✔✔A Project Stakeholder Management focuses on: A. project staff assignments B. project tea m acquisition C. managing conflicting interests D. communication methods - ✔✔C A risk that arise s as a direct result of implementing a risk response is called a: A. contingent risk B. residual risk C. potential risk D. secondary risk - ✔✔D The purpose of developing a project scope management plan is to: A. Manage the timely completion of the proje ct. B. Ensure that the project includes all of the work required. C. Make sure the project will satisfy the needs for which it was begun. D. Reduce the risk of negative events in the project. - ✔✔B A tool and technique used in the Develop Project Chart er process is: A. change control tools B. expert judgment C. meetings D. analytical techniques - ✔✔B A projects purpose or justification, measurable project objectives and related success criteria, a summary milestone schedule, and a summary budget are a ll components of which document? A. Work breakdown structure B. Requirements document C. Project charter D. Project management plan - ✔✔C Project managers who lead by example and follow through on the commitments they make demonstrate the key interperson al skill of: A. influencing B. leadership C. motivation D. coaching - ✔✔A