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

A risk is identified

An identified risk occurs

When a workaround is needed

All of the above

A balanced matrix organization

Where all team members are brought together in one location

Where functional managers operate in a dual reporting structure reporting to both their own departments and to the project manager

Power reset with Functional Manager

Scrap

Rework

Liabilities

Training

Developing a comprehensive plan based on input from major stakeholders

The process of defining and documenting stakeholders needs to meet project objectives

The process which provides information for planning project milestones

Subdividing the project into smaller, more manageable components

Project Management Team

Human Resources Department

Executive Manager

Project Manager

ETC + ACWP

BAC - ETC

BAC/CPI

Both A and C

Can often be found in procurement documents

Can be objective or subjective

Used to rate or score proposals

All of the above

Critical path analysis

Technical performance metrics

Risk mitigation plans

Forecasted final costs and schedule estimates

Estimating future projects

Changing the project scope

Defining future project tasks

Validating the quality process

Disciplinary, autocratic, and participative

Staff planning, team training, and performance monitoring

Team building, team development, and responsibility assignment

Directing, coaching, supporting, and delegating

A cost reimbursable contract

A lump sum contract

A time and material contract

A fixed price contract

Lateral thinking

Value engineering

Cost/benefit analysis

Constraints analysis

Distribute Information

Administrative Closure

Organizational Planning

Report Performance

40-60%

50-70%

60-80%

75-90%

Decision Tree modelling

Monte Carlo method

Sensitivity analysis

utility theory