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

Questions 121

A key barrier to team development is _________.

Options:
A.

A strong matrix management structure

B.

When major problems delay the project completion date or budget targets

C.

When team members are accountable to both functional and project manager!

D.

When formal training plans cannot be implemented

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Questions 122

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 _________.

Options:
A.

$93,000

B.

$96,000

C.

$97,000

D.

None of the above

Questions 123

A structured tool, usually industry or activity specific, used to verify that a set of required steps has been performed is called __________.

Options:
A.

Quality Policy

B.

check List

C.

Trend Analysis

D.

Paieto Diagram

Questions 124

The process of monitoring specific project results to determine if they comply with relevant quality standards is called ______________.

Options:
A.

Quality Assurance

B.

Quality Control

C.

Plan Quality

D.

Quality Review

Questions 125

An example of risk mitigation is:

Options:
A.

Taking early action to reduce probably of risk rather repair the damage after risk has occurred.

B.

Purchasing insurance

C.

Eliminating the cause of a risk

D.

You develop a contingency plan to execute in case the risk event occurs.

Questions 126

The principle states that "Employees who believe that their efforts will lead to effective performance and who anticipate important rewards for their accomplishments become productive stay productive." This principle illustrates which of the following theory?

Options:
A.

Expectancy theory

B.

Maslow theory

C.

Herzberg theory

D.

None

Questions 127

All of the following are outputs from Report Performance EXCEPT _________.

Options:
A.

Trend analysis

B.

"S" curves, histograms, bar charts, and tables

C.

Performance reports

D.

Change requests

Questions 128

The sender is responsible for __________.

Options:
A.

Confirming that the message is understood

B.

Ensuring that the receiver agrees with the message

C.

Scheduling communication exchange

D.

Presenting the message in the most agreeable manner

Questions 129

The work that must be done in order to deliver a product with the specified features and functions is called __________.

Options:
A.

Product scope

B.

Staffing scope

C.

The project

D.

Project scope

Questions 130

The concept of making a giant leap forward followed by a period of maturity is called _________.

Options:
A.

Innovation

B.

Continuous improvement

C.

Just in time

D.

Paradigm

Questions 131

A technique for resolving conflict in which the parties agree to have a neutral third party hear the dispute and make a decision is called __________.

Options:
A.

Negotiation

B.

Arbitration

C.

Smoothing

D.

Forcing

Questions 132

Parametric Estimate Costs involves:

Options:
A.

Calculating individual cost estimates for each work package

B.

Using rates and factors based on historical experience to estimate costs

C.

Using the actual cost of a similar project to estimate total project costs

D.

Both A and B

Questions 133

You are the controller on your project. Your project manager has requested that you provide him with a forecast of project costs for the next 12 months. He needs this information to determine if the budget should be increased or decreased on this major construction project. In addition to the usual information sources, which of the following should you also consider?

Options:
A.

Cost estimates from similar projects

B.

The WBS

C.

Long-range weather forecasts

D.

Existing change requests

Questions 134

Which of the following is a method for quantifying qualitative data in order to minimize the effect of personal prejudice on source selection?

Options:
A.

Weighting System

B.

Screening System

C.

Selecting System

D.

None of the above

Questions 135

The quality team for the project consists of several groups. Which of the following project participants plays the most important role in the quality function?

Options:
A.

Customer

B.

Project Manager

C.

Project Team

D.

Vendors and Suppliers