Knowledge Source Inc. PMP® Readiness Assessment Tool

1. PMBOK defines the project Scope Baseline as _____.

2. What are the five PMI Process Groups?

3. What are the three most common types of dependencies or logical relationships used to sequence schedule activities?

4. What is networking?

5. Of the following, which best describes the team development life cycle?

6. Which of these contract types best describes a contract in which the seller is reimbursed for all allowable costs for performing contract work, and receives a predetermined incentive fee based upon achieving certain performance objectives as set forth in the contract?

7. In which organization structure does the project manager typically have little to no control of human resources and budget?

8. Which Document(s) is/are NOT produced during the Project Planning Phase?

9. Work Packages are decomposed into Project Activities in which of the following Processes?

10. A project has a Most Likely Cost of $10,000, an Optimistic Cost Estimate of $8,000 and a Pessimistic Cost estimate of $18,000. Using the PERT Methodology, calculate the Expected Value of Project Cost.

11. If three parallel, converging critical path activities each have a 90% probability of finishing on time, what is the probability of starting the successor on time?

12. You decided to run a Monte Carlo simulation on your project schedule. You have chosen to use a Beta distribution and run 10,000 iterations. You will let the program run overnight and receive the results in the morning. It is important that you have a 95% confidence that the project will complete on or before June 7, 2009. In order to facilitate the Monte Carlo Simulation you will utilize a schedule that was developed using the _______ method.

13. You have chosen to transfer the risk associated with producing a deliverable with which you have no expertise to a contractor who specializes in this area. Having chosen this risk response….

14. Quality Planning is conducted _____.

15. For the schedule composed of the Activities recorded in Table A below, what is the Critical Path

Duration?

16. For the schedule composed of the Activities recorded in Table A below, what is the total Float associated with Activity “C”?

17. PMI says that without a ‘Project Charter’, the project does not exist.  If you have been appointed the project manager and not given a formal written charter, what should you do?

18. You and your project team have identified project risks and documented them.  The next step you should do is:

           19. Which of the following best describes The ‘Cost of Quality’ (COQ)?

20. You identified a risk and implemented a plan to avoid that risk.  As a direct result of this plan, a new risk is identified. This new risk is referred to as _____. 

                 21. An Assumptions analysis is used to

                22. Decomposition is a project management technique that

           23. The most detailed approach to estimating your project cost and schedule is

          24. Earned value is _____.

           25. Enterprise Environmental Factors are _______.

          26. The 80 / 20 principle states that

        27. A common tool used in a cause and effect analysis is __________.

          28. The ultimate responsibility for quality on a project is ______.

29. All of the following are true regarding Herzberg’s Motivation-Hygiene Theory with the exception of _____.

30. The Stakeholder Analysis is a tool and technique used to analyze the influences and interests of stakeholders. Which of the following processes utilizes the Stakeholder Analysis?

             31. An example of Formal Written Communications is _______.

32. Schedule compression shortens the project schedule without changing the scope, to meet schedule constraints, imposed dates, or other schedule objectives.  Which schedule compression technique rearranges phases or activities that are normally performed in a series configuration to a parallel configuration?

         33. A Procurement Audit is a structured review of the procurement processes originating from the Plan Procurement process through Administer Procurements.  The objective of a procurement audit is to identify successes and failures that warrant recognition in the preparation or administration of other procurement contracts on the project, or within other projects within the performing organization.  The Procurement Audit is a tool and technique of which PMBOK Process?

         34. Conflict Management is a tool and technique used in which of the following PMBOK Processes.

        35. Which of the following is not a project stakeholder?

          36. You are managing a project that might have to contract out work and you are comparing the relative advantages and disadvantages of finding a seller as opposed to doing the work yourself.  Which process are you in?

37. A project requires the use of a piece of equipment that is not held in your company’s inventory.  What is the breakeven point given the following data?

           38. Which of the following is not true about a Bidders Conference?

 39. A group of related projects managed in a coordinated way to obtain benefits and control not available from managing them separately is the definition of a _______.

40. Your company has a limited amount of funds available for projects. Based only on the information provided, which of the following projects would you recommend?

         41. The  _______  is responsible for meeting and reviewing change requests and approving or rejecting those change requests.

           42. The costs for common requirements or functions that cannot be specifically identified with a particular project or activity and that are typically assigned to multiple projects on a prorated basis are known as ______.

43. You have just completed estimating the monetary resources needed to complete your project activities.  The next step in the process is ____________.

        44. In accordance with PMBOK, when is the Work Breakdown Structure created?

45. The processes of Acquire Resources, Develop Team, and Manage Team are all part of which Project Management Process Group?

46. Work Performance Information from each of the Knowledge Areas is being incorporated into the Work Performance Report. What process are you performing?

            47. When dealing with complex issues that have far reaching affects on the project, the best type of communication is ________.

            48. A Project has ten stakeholders, how many communication paths are there within the project?

         49. The 100% rule applies to _________.

        50. The purpose of the Validate Scope Process is to _______.