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Free PM P C ert if ic at ion Pra c t ice Qu est ion s

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PM P F ac t s W hat i s P MP ? W hat i s P MB OK ? Like P MP A c r ony ms P MP For mulas P r ojec t Management P r oc esses 8

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Free PMP Certi ication Exam Practice Questions

PM P C e rt i fi c a t i o n E x am P MP E xam D etai ls F r ee Pr ac ti c e E xam Questi ons

1. A project audit team discovered that a project did not have a risk register. Which phase under the Risk Management knowledge area has likely been missed out or improperly done? a. Identify Risks b. Perform Risk Assessment c. Plan Risk Responses d. Plan Risk Management 2. Lois is a project manager managing a town-development project. She has set up a series of interviews with various stakeholders to gather some experiential (i.e., personal experience) and historical information on risks. Which phase is this likely to happen in? a. Perform Qualitative Risk Analysis b. Plan Risk Responses c. Understand Risks d. Perform Quantitative Risk Analysis 3. Which of the following models describes stakeholders based on their power, urgency, and legitimacy? a. Influence / Impact Grid b. Power / Influence Grid c. Power / Interest Grid d. Salience Model 4. A project was awarded based on a competitive proposal. Management made a commitment that a few key team members would be assigned to the project. When such assignment happens, they are termed as: a. Bargaining agreements b. Pre-project assignments c. Planned assignments d. Pre-assignments 5. The Direct and Manage Project Execution phase requires implementation of approved changes covering all the following except: a. Defect repair b. Corrective action c. Preventive action d. Acceptance criteria

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6. Various forecasting methods are used to predict future project performance. Which of these methods use the assumption that it is possible to identify the underlying factors that might influence the variable that is being forecasted? a. Econometric methods b. Probabilistic forecasting c. Time series model d. Judgemental methods 7. A project manager has scheduled a number of training programs for his team. However, he was aware that apart from planned training, unplanned training also took place in a number of ways. Which of these is not one of the ways in which unplanned training can happen? a. Classroom b. Observation c. Project performance appraisals d. Conversation 8. As part of the procurement process, the procuring organization elected to have an estimate of costs prepared by an outside professional estimator. The estimator came up with an estimate of 500,000. However, the cost estimates prepared by the prospective sellers were in the range of 200,000. How can this be best interpreted? a. The procurement statement of work was deficient and ambiguous. b. The professional estimator has inflated the estimate of costs. c. The prospective sellers do not have the required skills to do the project. d. Prospective sellers are trying to underbid and win the project. 9. A project manager is working on the Perform QA phase of a project. He is looking for an interative means to improve quality and eliminate activities that do not add value. Which of the following will help him do this? a. Quality control measurements b. Quality checklist c. Continuous process improvement d. Process improvement plan 10. For projects that have a product as a deliverable, it is very effective to perform product analysis. Which of these tools is not a product analysis technique? a. System breakdown b. System analysis c. Systems engineering d. Requirements analysis

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Please check your answers using the listing below. Question 1 = A; Question 2 = D; Question 3 = D; Question 4 = D; Question 5 = D; Question 6 = A; Question 7 = A; Question 8 = A;

Question 9 = C; Question 10 = A; ** Note: Doing well on these free PMP Certification exam practice questions in no way means that you will pass the PMP Certification exam. Please visit TestTaker for more free PMP Certification practice exam questions. ** See PMP Practice Exams, Getting Started With Practice Exams, PMP Test Taking Tips, How to Prepare for the PMP Exam [ Return to Top ]

TestTaker is not affiliated with or endorsed by either Prometric or PMI in any way. The Prometric and PMI logos displayed here are for user reference and site content recognition as this site pertains to exam preparation materials for the PMP Certification Exam which is a proctored exam offered by Prometric. The Prometric logo and company name are trademarks of Prometric Inc. The PMI logo and company name are trademarks of the Project Management Institute. With TestTaker, you will pass your PMP certification exam and you will be PMP certified. Register now for access to TestTaker's PMP Certification exam content. That's simulated PMP certification exams, PMP practice exams, and PMP practice questions.

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P M P Fo r m u l a s a n d D e f i n i t i o n s
Thursday, May 12, 2011 Last Update: 9:24 AM

PM P F ac t s W hat i s P MP ? W hat i s P MB OK ? Like P MP A c r ony ms P MP For mulas P r ojec t Management P r oc esses 8

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PMP Formulas and De initions

PM P C e rt i fi c a t i o n E x am P MP E xam D etai ls F r ee Pr ac ti c e E xam Questi ons

The PMP Certification Exam will contain questions requiring the use of formulas to calculate the correct answer. You will not be able to answer the correctly if you do not have the appropriate formula memorized. The PMP Certification Exam may not present a question for each possible formula; but it is guaranteed that the exam will most likely present questions which required the use of three to five of the possible formulas. Formula AC Definition Actual Cost = CV (CPI - 1)

PM P C e rt i fi c a t i o n R e so u rc e s P MI P MP B ooks

Formula BAC

Definition Budget At Completion = (PV) at project completion

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Formula Communication Channels

Definition = (N * (N - 1)) 2 N = Number of Stakeholders

[ Return to Top ] Formula Cost To Buy Definition = Initial Cost + # of Months * Monthly Maintenance Costs

Formula CPI

Definition Cost Performance Index = EV AC Cost Peformance Index Values > 1 => Good

Formula CV

Definition Cost Variance = EV - AC Cost Variance Values > 0 => Good

[ Return to Top ] Formula EAC Definition Estimate at Completion = AC + bottom-up ETC = AC % Complete = BAC Cummulative CPI = AC + (BAC - EV) = AC + [(BAC - EV) (Cummulative CPI x Cummultive SPI)]

Formula EMV

Definition Expected Monetary Value = Impact * Probability

Formula ETC

Definition Estimate to Complete = EAC - AC

[ Return to Top ] Formula EV Definition Earned Value Budgeted Cost of Work Performed(BCWP) = % complete * BAC = % complete * PV

Formula Float

Definition = LS - ES = LF - EF LS = Late Start ES = Early Start LF = Late Finish EF = Early Finish

Formula Normal Distribution

Definition 1 SD = 1 Sigma 1 Sigma = 68.26% 2 Sigma = 95.46% 3 Sigma = 99.73% 6 Sigma = 99.999%

[ Return to Top ] Formula PERT Analysis Definition = (O + 4M + P) 6 O = Optimistic Estimate M = Most Likely Estimate P = Pessimistic Estimate

Formula Present Value

Definition = FV ((1 + r)^n) FV = Future Value r = Rate of Interest n = number of time periods

Formula PTA

Definition Point of Total Assumption = ((Ceiling Price - Target Price) Buyer's Share Ratio) + Target Cost

[ Return to Top ] Formula PV Definition Planned Value = SV (SPI - 1)

Formula ROI

Definition Return on Investment = Net Benefits Net Cost

Formula SD

Definition Standard Deviation of the Activity = (P - O) 6 O = Optimistic Estimate P = Pessimistic Estimate

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Formula SPI

Definition Schedule Performance Index = EV PV Schedule Performance Index Values > 1 => Good

Formula SV

Definition Schedule Variance = EV - PV Schedule Variance Values > 0 => Good

Formula TCPI

Definition To-complete Cost Performance Index = (BAC - EV) (BAC - AC) = (BAC - EV) (EAC - AC) = Remaining Work Remaining Budget TCPI Values < 1 => Good

[ Return to Top ] Formula VAC Definition Variance at Completion = BAC - EAC

Formula Variance of Activity

Definition = ((P - O) 6) ^ 2 = (Standard Deviation of the Activity) ^ 2

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TestTaker is not affiliated with or endorsed by either Prometric or PMI in any way. The Prometric and PMI logos displayed here are for user reference and site content recognition as this site pertains to exam preparation materials for the PMP Certification Exam which is a proctored exam offered by Prometric. The Prometric logo and company name are trademarks of Prometric Inc. The PMI logo and company name are trademarks of the Project Management Institute. With TestTaker, you will pass your PMP certification exam and you will be PMP certified. Register now for access to TestTaker's PMP Certification exam content. That's simulated PMP certification exams, PMP practice exams, and PMP practice questions.

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