Top Tips for Passing the PMI PMI-002 Exam on Your First Try

Questions 136

Which of the following are not essential for project close out ?

Options:

Documenting formal acceptance of the product.

Documenting the lessons learned

Documenting the final project scope

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Questions 137

As a project manager, you know that the most important activity to ensure customer and stakeholder satisfaction is which of the following?

Options:

Documenting and meeting the requirements

Reporting project status regularly and in a timely manner

Documenting and meeting the performance measurements

Reporting changes and updating the project plan and other project documents where appropriate

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Questions 138

What is the BEST way to accomplish resource planning?

Options:

Identify required resources and allocate them to all project activities.

Identify required resources in the project charter.

Identify available resources and allocate them to all activities in the current phase of the project.

Identify the resources that performed past similar projects, and allocate them to all project activities.

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Questions 139

You have been assigned to take over a project that is 60 percent complete according to the schedule. After evaluation, you find that the project is running far behind schedule, and that the project will probably take double the time originally estimated by the previous project manager. However, the sponsor has been told that the project is on schedule. What is the BEST course of action you will take?

Options:

Add new resource to the project and complete the project on schedule.

Show your evaluation to sponsor.

Ask your senior manager to deal with this.

Turn the project back to the previous project manager.

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Questions 140

Communication between the project manager and the project team members should take place:

Options:

Via daily status report.

Through approved documented forms.

By written and oral communication.

Through the formal chain of comman

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Questions 141

Which of the following scheduling techniques incorporates a form of risk assessment?

Options:

Arrow Diagramming Method (ADM)

Program evaluation and Review Technique (PERT)

Precedence Diagramming Method (PDM)

Critical Path Method (CPM)

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Questions 142

Which of the following describes tool/ technique where expenditure of funds is reconciled with the funding limits imposed by the performing organization?

Options:

Forecasting

Cost reconciliation

Funding limit reconciliation

Reserve reconciliation

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Questions 143

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.

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Questions 144

Activity duration estimates include all of the following EXCEPT for:

Options:

Project team knowledge.

Time studies.

Information from previous experience.

Commercial duration databases.

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Questions 145

You are the project manager and have just completed the Collect Requirements and Define Scope process. What should you do next?

Options:

Create WBS

Verify Scope

Value analysis

Control Scope

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Questions 146

During project integration activities, a project sponsor's role can best be described as doing which one of the following?

Options:

Helping the project manager and stakeholders to resolve any issues

Acting as a sounding board for the project stakeholders

Showing management the project progress and status reports

None

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Questions 147

You are project manager and working on gathering requirements and estimating for the project. Which process group are you in?

Options:

Planning

Monitoring and Controlling

Executing

Initiating

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Questions 148

A project Control Scope system is documented during the ______ process.

Options:

Collect Requirements

Define Scope

Verify Scope

Control Scope

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Questions 149

A project is considered successful when

Options:

the project meets or exceeds the expectations of the stakeholders

the product of the project has been manufactured

the project sponsor announces the completion of the project

None

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Questions 150

You are project manager of a project. A customer requests a scope change in the project . In order to determine the impact of the requested change, you will need a work breakdown structure, change request, scope management plan, and: