Free PMI PMI-002 Practice Exam with Questions & Answers | Set: 2

Name: How to Pass PMI-002 Exams
Brand: Examstrack
SKU: pmi-002
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Questions 16

Risks are accepted when ___________.

Options:

You develop a contingency plan to execute should the risk event occur

You accept the consequences of the risk

You transfer the risk to another party

Both A and B

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Evan

02-Jan-2025

Thanks to Examstrack PMI-002 PDFs and testing engine, I was well-prepared for the actual exams. Their verified questions and answers were on point.

Questions 17

What impact does a matrix organization have on project team development?

Options:

No impact at all.

It complicates team development.

It simplifies team development.

It hinders team development completely.

Questions 18

A cost-plus-percentage-cost (CPPC) contract has an estimated cost of $120,000 with an agreed profit of 10% of the costs. The actual cost of the project is $130,000. What is the total reimbursement to the seller?

Options:

$143,000

$142,000

$140,000

$132,000

Questions 19

Make payment to seller is done in _________.

Options:

Plan Procurements

Conduct Procurements

Administer Procurements

Close Procurements

Questions 20

Which of the following is an example of indirect costs?

Options:

Salaries of corporate executives

Salaries of full-time project staff

Overhead costs

Both A and C

Questions 21

A tight matrix is ___________________.

Options:

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

Both A and c

Questions 22

You are the project manager for a Software Development projects. You are creating a project schedule network diagram for the code development component of the project. This is an example of _________.

Options:

Fragment Network

Precedence Diagramming Method [PDM]

Activity On Node [AON]

Arrow Diagramming Method [ADM]

Questions 23

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:

Negotiation

Arbitration

Smoothing

Forcing

Questions 24

Using the PMBOK definition of contingency reserve, which of the following statements about contingency reserves is false?

Options:

A contingency reserve is a separately planned quantity used to allow for future situations which may be planned for only in part.

Contingency reserves may be set aside for known unknowns.

Contingency reserves may be set aside for unknown unknowns.

Contingency reserves are normally included in the project's cost and schedule baselines.

Questions 25

All of the following are communication tools EXCEPT ___________.

Options:

Memos

Verbal circulation of a rumour

videos

Inputting data into a spreadsheet

Questions 26

Which of the following techniques accounts for path convergence and generally estimates project durations more accurately?

Options:

CPM

PERT

Schedule simulation

Path convergence method

Questions 27

Collocation can mean _______________.

Options:

All, or almost all, team members are moved to a central physical location for the life of the project.

Active team members may be at different physical locations, but meet on a regular basis.

A war room is established where team members can meet periodically.

Both A and c are correct.

Questions 28

Which of the following is true about the project charter?

Options:

The project charter should be published under the name of a manager external to the project.

The project charter should be published under the project sponsor's name.

The project charter should be published under the name of the project manager.

The project charter should be published under the name of the project champion.

Questions 29

Analogous estimating ____________.

Options:

Uses bottom-up estimating techniques

Uses the actual costs from a previous, similar project

Is synonymous with top-down estimating

Both B and c are correct

Questions 30

The belief that management's high levels of trust, confidence and commitment to workers leads to high levels of motivation and productivity on the part of workers is a part of which motivation theory?

Options:

Theory Y

Theory Z

Theory X

Contingency Theory