PMI PMP PDF QUESTIONS-SHORTCUT TO SUCCESS

PMI PMP PDF Questions-Shortcut To Success

PMI PMP PDF Questions-Shortcut To Success

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PMI PMP certification is constantly evolving to keep pace with the changing demands of the project management profession. In 2023, PMI is releasing an updated version of the PMP exam that will reflect the latest trends and best practices in project management. This new version of the exam will ensure that PMP credential holders are equipped with the most current and relevant knowledge and skills needed to lead successful projects in today's complex and dynamic business environment.

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PMI PMP Exam Syllabus Topics:

TopicDetails
Topic 1
  • Process: This topic emphasizes project execution. It also discusses managing communications, assessing and managing risks, engaging stakeholders, planning and managing budget
  • resources, and planning and managing schedules.
Topic 2
  • People: This topic focuses on managing conflict, leading teams, supporting team performance, empowering team members and stakeholders. Furthermore, it focuses on ensuring adequate training, mentoring stakeholders, and defining team ground rules.
Topic 3
  • Business Environment: It covers aspects related to project compliance, benefits evaluation, and external business changes.

The PMP Certification Exam is a rigorous and challenging exam that requires significant preparation and dedication. PMP exam consists of 200 multiple-choice questions that must be completed within four hours. To be eligible for the exam, candidates must have a minimum of three years of experience in project management and 35 hours of project management education, or a four-year degree, 35 hours of project management education, and at least two years of experience in project management. PMP exam fee is $555 for PMI members and $699 for non-members.

PMI Project Management Professional (2024 Version) Sample Questions (Q1416-Q1421):

NEW QUESTION # 1416
"The seller delivers a fixed price plus incentive fee project at a cost of $90,000. The terms of the contract are a ceiling price of $120,000, a target cost of $ 100,000, a target profit of $10,000, and a target price of $110,000. The share ratio is 70/30. The final price (your total reimbursement) is:

  • A. $97,000
  • B. $93,000
  • C. None of the above
  • D. $96,000

Answer: C

Explanation:
Actual cost is $90,000, it's less than target cost, so he can retain the target profit ($10,000) and also can get 30% incentive from excess profit of $10,000 (= 110,000 90,000 10,000), which is $3,000. Hence, the contractor gets Actual Cost + Target Profit + Incentive = $90,000 + $10,000 + $3,000 = $103,000 and answer is None of the Above (D). Note: this is also less than Ceiling Price ($120,000).


NEW QUESTION # 1417
Work performance information is an output of control stakeholder engagement. It includes a number of items, one of which is______________

  • A. Change requests
  • B. Documented lessons learned
  • C. Issue log
  • D. Status of deliverables

Answer: D

Explanation:
Section: Mix Questions
Explanation:
Work performance information is performance data collected from various controlling processes that are analyzed and integrated based on relationships among areas. The data are transformed into information, which is correlated and contextualized and provides a sound foundation for project decisions. The status of deliverables is an example.


NEW QUESTION # 1418
The customer wants to show their stakeholders a tangible outcome faster. This requires advancing a milestone.
Which two things should the project manager do? (Choose two)

  • A. Discuss which requirements can be delivered faster with the project team.
  • B. Convince the customer to keep the requirements as is and not move the milestone.
  • C. Review the customer's priorities regarding the desired requirements for the milestones.
  • D. Escalate the Issue to senior management so they can impose a solution on the customer.
  • E. Inform the customer that moving the milestone has a very high impact on project cost.

Answer: B,D


NEW QUESTION # 1419
Reserve Analysis involves:

  • A. Incorporating time buffers into the activity duration estimates
  • B. Developing project schedule with contingency reserves as a recognition of the schedule risk
  • C. Estimating by multiplying the quantity of work by productivity rate
  • D. Adding resource reserves to the activity resource estimates

Answer: A

Explanation:
Reserve Analysis ( Contingency ): Project teams may choose to incorporate an additional time frame, called time reserve, contingency or buffer, that can be added to the activity duration or elsewhere in the schedule as recognition of schedule risk.


NEW QUESTION # 1420
A task-oriented family tree of activities is a:

  • A. Linear responsibility chart.
  • B. Cost account coding system.
  • C. Work package description.
  • D. Detailed plan.
  • E. Work breakdown structure.

Answer: E


NEW QUESTION # 1421
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