PMI PMI-002 Exam Questions Free Practice Test

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Viewing questions 166-180 out of questions

Questions # 166:

Percent complete is calculated by ___________.

Options:

ACWP/BAC

BCWP-ACWP

BCWP/BAC

EAC/BAC

Expert Solution

Questions # 167:

AON refers to __________.

Options:

Precedence Diagramming Method [PDM]

Arrow Diagramming Method [ADM]

Fragment Network

All of the above

Expert Solution

Questions # 168:

A mandatory prerequisite for team building is ___________.

Options:

Funding for staff development activities

Shared work ethics among team members

Commitment from top level management

Removal of troublesome individuals

Expert Solution

Questions # 169:

Risks are accepted when ___________.

Options:

You develop a contingency plan to execute should the risk event occur

You accept the consequences of the risk

You transfer the risk to another party

Both A and B

Expert Solution

Questions # 170:

Which of the following statements concerning bottom-up estimating is true?

Options:

The cost and accuracy of bottom-up estimating is driven by the size of the individual work items.

Smaller work items increase both cost and accuracy.

Larger work items increase both cost and accuracy.

Both A and B are true

Expert Solution

Questions # 171:

Mathematical models using linear, dynamic, integer, or algorithm models are considered _____________.

Options:

Project selection methods

Project selection criteria

A form of expert judgment

A form of historical information

Expert Solution

Questions # 172:

Which of the following is true regarding the NPV?

Options:

NPV assumes reinvestment at the cost of capital.

NPV assumes reinvestment at the prevailing rate.

NPV assumes reinvestment at the NPV rate.

NPV decisions should be made based on the highest value for all the selections.

Expert Solution

Questions # 173:

The party that needs the change resulting from the project, and who will be its custodian on completion is the _________.

Options:

Owner

client

Sponsor

Customer

Expert Solution

Questions # 174:

Which of the following is true about a project charter?

Options:

A project charter should be published under the name of a manager external to the project.

A project charter should be published under the project sponsor's name.

A project charter should be published under the name of the project manager.

A project charter should be published under the name of the project champion.

Expert Solution

Questions # 175:

Which characteristic distinguishes the network diagram from the Gant chart?

Options:

Critical dependencies

Few resources

Critical dates

key milestones

Expert Solution

Questions # 176:

What is one of the advantages of a functional organization?

Options:

All employees report to two or more managers

The organization is focused on projects.

Teams are co located.

All employees report to one manager and have a clear chain of command.

Expert Solution

Questions # 177:

Mathematical models using linear, dynamic, integer, or algorithm models are considered

Options:

Project selection methods

Project selection criteria

A form of expert judgment

A form of historical information

Expert Solution

Questions # 178:

___________ is a group of processes required to purchase or acquire products, services, or results needed outside the project team to perform the work.

Options:

Procurement Management

Planning Management

Scope Management

Control Management

Expert Solution

Questions # 179:

You are the project manager of a large construction project. The project objective is to construct a set of buildings in the city within 18 months from the project start date. Resources are not readily available because they are currently assigned to other projects. Nick, an expert crane operator, is needed for this project two months from today. Which of the following skills will you use to get Nick assigned to your project?

Options:

Negotiation and influencing skills

Communication and organizational skills

Problem solving skills

Communication skills

Expert Solution

Questions # 180:

You are the project manager and at the completion of the project, you MUST:

Options:

Celebrate success with the team.

Evaluate team member performance.

get a sign-off from the customer.

Plan a turnover meeting.

Expert Solution

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