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CAPM 1 (2022)

Total questions: 150

Worksheet time: 2hrs 15mins

Name
Class
Date
1.

Which of the following options is not the purpose of signing a contract?

a)

Defining roles and responsibilities

b)

Mitigating or allocating risks

c)

Selecting the seller company

d)

Making works legally binding

2.

Team building activities are important activities that should take place throughout the project life cycle. It is better if they are conducted:

a)

Whenever they are needed

b)

Early stages in the project life cycle

c)

Executing process group

d)

At the end of the project life cycle

3.

Validate scope is a:

a)

Planning process

b)

Executing process

c)

Monitoring and controlling process

d)

Closing process

4.

Selecting a sample and performing tests on this sample instead of the entire population is always the preferable action. Which of the following options is the reason for this preference?

a)

Testing the entire population is mutually exclusive

b)

Selecting a sample provides more detailed information

c)

Testing the entire population is easier

d)

Testing the entire population is time-consuming

5.

You are about to determine the tools and techniques to be used for quality assurance for a software development project. Which of the following options is not helpful in such a situation?

a)

Process analysis

b)

Tree diagrams

c)

Delphi technique

d)

Prioritization matrices

6.

The project team is about to create a plan for quality policy implementation. Which of the following is not needed while creating this plan?

a)

Project charter

b)

Stakeholder register

c)

Risk register

d)

Team performance assessments

7.

The cost performance index required to complete the project within the budget is called:

a)

CPI

b)

TCPI

c)

ETC

d)

EAC

8.

Which of the following information is not included in the RACI chart?

a)

Who is "Responsible" for which activity?

b)

Who is "Accountable"?

c)

Who can make a "Change"?

d)

Who is going to be “Informed”?

9.

Which information is not found in the project contract?

a)

The scope of the project

b)

Constraints of the project

c)

Information about the risks of the project

d)

Information about CPI of the project

10.

There are several forms of project teams. In which of the following forms, the project manager communicates with functional managers mostly?

a)

Virtual

b)

Partnership

c)

Part-time

d)

Dedicated

11.

You are calculating the performance of the project. If the actual cost is $80,000, the planned value is $70,000 and the earned value is $65,000, what is the cost performance index?

a)

0.813

b)

0.875

c)

1.231

d)

1.143

12.

A project manager believes he needs to control all of the team members, all the time. He thinks, by only this way, he can be able to avoid the potential mistakes of the stakeholders. Which of the following theories best describes this project manager’s behavior?

a)

Motivation Theory

b)

Theory X

c)

Theory Y

d)

Herzberg’s Theory

13.

A project manager wants to improve the motivation of his team. According to Herzberg’s theory, which of the following is the best option to motivate the team?

a)

Increasing the salaries of team members.

b)

Improving the security of the workplace

c)

Satisfying self-actualization needs

d)

Improving the working conditions

14.

Which of the following options is not a performance measurement value?

a)

Net Present Value

b)

Estimate at Completion

c)

To complete performance index

d)

Variance at Completion

15.

Which of the following options is not one of the tools and techniques used while performing integrated change control?

a)

Expert judgment

b)

Meetings

c)

Change log

d)

Change control tools

16.

A presentation is an example of:

a)

Formal written communication

b)

Formal verbal communication

c)

Informal written communication

d)

Informal verbal communication

17.

You are a team member of a construction project. There are more than 200 people working on the same project. The project manager asks you: «When will Joe be released?». Joe is the project controller and he is also your friend. Which document might be helpful to obtain this information?

a)

Project Schedule

b)

Resource Histogram

c)

Staffing Management Plan

d)

RACI Chart 

18.

You are the scheduling team member of a project. You sent an e-mail to your project manager to clarify an issue. The e-mail you sent is an example of:

a)

Formal written communication

b)

Indirect written communication

c)

Informal written communication

d)

Effective written communication

19.

In a project, there are 10 stakeholders other than you. Your project manager is asking you about the number of communication channels. Which of the following is true about the number of communication channels?

a)

There are 12 people including the project manager, therefore the number of communication channels is 66

b)

There are 12 people including the project manager, therefore the number of communication channels is 12

c)

There are 11 people including the project manager, therefore the number of communication channels is 11

d)

There are 11 people including the project manager, therefore the number of communication channels is 55

20.

Which of the following options is not true about communications?

a)

The project manager spends 90% of his time on communication

b)

The project manager is responsible for controlling all of the communications

c)

Performance reporting is part of the manage communications process

d)

Issue log is an input to the Monitor Communications process

21.

The standard deviation of Activity

A is 5; the standard deviation of Activity

B is 4; the standard deviation of Activity

C is 7 and the standard deviation of Activity

D is 6. Which activity is the least risky activity?

a)

Activity A

b)

Activity B

c)

Activity C

d)

Activity D

22.

Which of the following options is not done as a part of the project initiating process group?

a)

Selecting the project manager

b)

Splitting large projects into smaller phases

c)

Creating the high-level work breakdown structure

d)

Creating the procurement document drafts

23.

Which of the following projects has the best performance compared to others?

a)

Project A: CPI = 0.85 and SPI = 1.15

b)

Project B: CPI = 1.20 and SPI = 1.15

c)

Project C: CPI = 0.95 and SPI = 1.10

d)

Project D: CPI = 1.20 and SPI = 0.95

24.

Which of the following options is not true about the project management plan?

a)

It is created in the planning process group

b)

After the project management plan is created, it has to be approved by key stakeholders

c)

After it is approved, no changes are allowed during the project lifecycle

d)

The project performance measurement is planned during the preparation of the project management plan

25.

During the project life cycle, problems may always occur at any time. Root causes of these problems are identified during:

a)

The preparation of the project management plan

b)

Monitoring & controlling process group

c)

Managing the project work

d)

Project closing

26.

Which of the following options is not included in the project charter?

a)

Business case

b)

Project title and description

c)

Detailed requirements

d)

Name of the assigned project manager

27.

Which of the following options is not a profit we get from the project charter?

a)

Business documents are created

b)

The project manager is Authorized for spending money

c)

Success criteria for the project are identified

d)

High-level risks are identified

28.

For a software project, the invested money will be repaid in 1.75 years. The net present value is calculated to be $250,000. If the revenue is 1.50 times the costs, what is the benefit-cost ratio?

a)

1.75

b)

1.17

c)

1.5

d)

0.86

29.

The project management plan includes management plans for different knowledge areas. Which of the following options is not a part of the project management plan?

a)

Configuration Management Plan

b)

Change Management Plan

c)

Charter Management Plan

d)

Requirements Management Plan

30.

Which of the following is not a project constraint?

a)

Customer Satisfaction

b)

Time

c)

Scope

d)

Lessons Learned

31.

The quality assurance is performed in which process group?

a)

Planning

b)

Executing

c)

Mentoring & Controlling

d)

Closing

32.

Which of the following options is not a project management process group?

a)

initiating

b)

planning

c)

integration management

d)

mentoring & Controlling

33.

The project charter is created in which process group?

a)

initiating

b)

planning

c)

Executing

d)

Closing

34.

Which of the following options is not used while selecting the best project?

a)

Murder board

b)

Requirements traceability matrix

c)

Peer review

d)

Scoring models

35.

Stakeholder register is created as a result of which process group?

a)

initiating

b)

planning

c)

Executing

d)

mentoring & Controlling

36.

Which of the following options is not needed while developing the project charter?

a)

Project scope statement

b)

Agreements

c)

Organizational process assets

d)

Business documents

37.

Which of the following options is not needed for the Develop Project Charter process?

a)

Organizational process assets

b)

Business documents

c)

Agreements

d)

Work performance information

38.

The project management plan includes and integrates management plans. Which of the following options is not included in the project management plan?

a)

Business management plan

b)

Requirements management plan

c)

Change management plan

d)

Quality management plan

39.

Corrective actions are approved or rejected in which process?

a)

Project Approval Process

b)

Monitor and Control Project Work

c)

Perform Integrated Change Control

d)

Validate Scope

40.

Which of the following terms stands for “Rework”?

a)

Preventive Action

b)

Corrective Action

c)

Defect Repair

d)

Change Request

41.

Which of the following options is not one of the responsibilities of the change control board?

a)

Evaluating the change

b)

Rejecting the change

c)

Preventing the change

d)

Accepting the change

42.

Which of the following options is less likely to be a member of the change control board?

a)

Customer

b)

Sponsor

c)

Functional Managers

d)

Project Manager of another project

43.

Which of the following options is created last?

a)

Lessons Learned

b)

Project Charter

c)

Procedures

d)

Contract

44.

Which of the following options is not a part of the Control Costs process?

a)

Progress reporting

b)

Reserve analysis

c)

Earned value analysis

d)

Resource optimization

45.

Sometimes there may be changes in the project charter. Who has the responsibility for determining the necessity of the change?

a)

The functional managers

b)

The project manager

c)

The project team member

d)

The Sponsor

46.

Manage Quality is a quality management process; it is a part of which process group?

a)

Planning

b)

Executing

c)

Monitoring and controlling

d)

Closing

47.

Here is a list of some activities done in the planning process group:

I) WBS and WBS dictionary are created

II) Project scope statement is created

III) The planning team is determined

V) Budget is developed

What should be the correct order of these activities?

a)

II – III – I – IV

b)

III – II – I – IV

c)

IV – III – I – II

d)

II – I – IV – III

48.

Which of the following options is not about creating the scope management plan?

a)

Preparing a plan to create the requirements traceability matrix

b)

Preparing a plan to create the WBS

c)

Preparing a plan to achieve the scope

d)

Preparing a plan to obtain acceptance of deliverables

49.

Which of the following options is not an output of the Control Quality process?

a)

Quality control measurements

b)

Work performance information

c)

Project management plan updates

d)

Quality metrics

50.

Which of the following Resource Management processes is not an executing process?

a)

Plan Resource Management

b)

Acquire Resources

c)

Develop Team

d)

Manage Team

51.
Estimate Activity Resources is one of the Resource Management processes. Which of the following activities is not conducted as part of this process?
a)
Reviewing resource existence
b)
Reviewing resource management plan
c)
Creating a plan for the type of resources to be used
d)
Analyzing reserves needed for each activity
52.
Which of the following options is a team-building activity?
a)
Tight Matrix
b)
Audits
c)
Monitor Communications
d)
Performance Reporting 
53.
You are about to start the Cost Estimating process. You want to get an estimate as accurate as possible. Which of the following estimating techniques will be the best for this situation?
a)
Analogous estimating
b)
One-point estimating
c)
Bottom-up estimating
d)
Specification limit estimating   
54.
Which of the following options is not a conflict resolution technique?
a)
Collaborating
b)
Compromising
c)
Legitimate
d)
Smoothing 
55.
Communication management is one of the most important concepts for large projects. Which of the following options is not true about communications?
a)
The communications should be efficient and they should provide the needed information only.
b)
The communications of the project should be effective
c)
The format of the communication is not an important factor while communicating with stakeholders.
d)
Multiple methods might be used while communicating with each other.
56.
Which of the following options is not an example of a communication blocker?
a)
Language
b)
Noise
c)
Hostility
d)
Culture
57.
Which of the following options is not a Procurement Management process?
a)

Plan Procurement Management

b)
Execute Procurements
c)
Control Procurements
d)
Conduct Procurements
58.
You are the functional manager and you are monitoring if the quality procedures are being followed as they are planned or not. Which of the following options is a result of this process?
a)
Process Improvement Plan
b)
Quality Metrics
c)
Updated Quality Systems
d)
Verified Deliverables    
59.
The quality audit is conducted in which process?
a)
Quality Management
b)
Plan Quality Management
c)
Manage Quality
d)
Control Quality   
60.
Which of the following is useless while creating the risk management plan?
a)
Project management plan
b)
Project charter
c)
Stakeholder register
d)
Project staff assignments   
61.
Which of the following options is not inclued in the risk management plan?
a)
Budget
b)
Roles and responsibilities
c)
Stakeholder tolerances
d)
Product validation   
62.
Risk identification starts at which process group?
a)
initiating
b)
planning
c)
executing
d)
mentoring & Controlling
63.
Risks are analyzed subjectively during:
a)
Risks are analyzed subjectively during:
b)
Perform qualitative risk analysis
c)
Monitor Risks
d)
Plan Risk Management   
64.
All of the defined risks should be ranked so that risks requiring an immediate response are known. Which of the following might be helpful during this process?
a)
Tornado diagram
b)
Expected monetary value analysis
c)
Probability and impact matrix
d)
Monte Carlo analysis     
65.
You are about to decide whether to conduct or not to conduct a specific test. Before making your decision, you want to consider for future events. Which of the following might be helpful for such a situation?
a)
Tornado diagram
b)
Probability and impact matrix
c)
Decision tree
d)
Work breakdown structure   
66.
Which of the following strategies is more suitable for a low-priority and low impact threat?
a)
avoid
b)
mitigate
c)
transfer
d)
enhance
67.
Which of the following options is not true about the budget of a project?
a)
Work package estimates include activity contingency reserves
b)
Cost baseline consists of project estimates and contingency reserves
c)
Project budget includes contingency reserves
d)
Cost baseline includes management reserves   
68.
Which of the following range estimates is the riskiest one?
a)
Mean of 100 days
b)
80 days +/- 7 days
c)
75 days to 92 days
d)
Pessimistic: 103 days, Most Likely: 94 days, Optimistic: 88 days   
69.
Which of the following options is not needed before the procurement process begins?
a)
Requirements documentation
b)
Risk register
c)
Stakeholder register
d)
Seller proposals   
70.
You are the manager responsible for the procurements for a project. The budget is the most important constraint for this project. The PMP certified project manager wants you to subcontract a work package immediately. He said: «Since this is an emergency, we need to prepare a fixed price contract». The design phase of this work package has not been completed; therefore, the scope is not well defined yet. Which of the following options is true?
a)
Preparing a fixed price contract will be very advantageous because it can make the bidding process faster
b)
Fixed price contract types are always better than other contract types since the buyer’s risk is least compared to others
c)
Since he is the project manager, you need to do whatever he wants without making any comment
d)
If you prepare a fixed price contract in such a situation, this work package will most probably be too expensive
71.
You are not sure about whether to prepare a fixed price incentive fee (FPIF) or fixed price award fee (FPAF) type of contract. What is the main difference between these two contract types?
a)
The award is judged in a subjective manner but the incentive is judged objectively
b)
The award is judged objectively but the incentive is judged in a subjective manner
c)
For both of the contract types, incentive and award are judged subjectively but FPIF contract is prepared faster
d)
For both of the contract types, incentive and award are judged objectively but FPAF contract is prepared faster   
72.
You are the project manager of the seller company. Which of the following contract types is least risky for you?
a)
Cost plus incentive fee
b)
Cost plus fixed fee
c)
Fixed price incentive fee
d)
Time and material   
73.
If you plan to sign a cost reimbursable contract, what type of procurement document is more suitable?
a)
Request for proposal
b)
Invitation for bid
c)
Request for quotation
d)
Purchase order   
74.
Which of the following options is true about sole-source and single-source procurement types?
a)
If it is a single-source procurement, there is a preferred seller
b)
If it is a sole-source procurement, there is a preferred seller
c)
For a single-source procurement, there is only one seller
d)
None of the above   
75.
Sometimes, some changes need to be made in a signed contract. In most of the cases, who has the main authority for making such a change in a signed contract?
a)
project manager
b)
sponsor
c)
customer
d)
procurement manager
76.
Which of the following options is not included in the WBS dictionary?
a)
risks
b)
duration
c)
cost
d)
GERT
77.
It is better to plan communications and stakeholder engagement just after:
a)
Developing the schedule
b)
Finalizing the procurement documents
c)
Determining the planning team
d)
Determining all of the roles and responsibilities
78.
Which of the following options is true about stakeholders and stakeholder management?
a)
All of the stakeholders are identified in the Planning process group
b)
A stakeholder who is not identified at the beginning may cause delays
c)
The project manager should identify all of the stakeholders by himself/herself
d)
The stakeholder register is created during Plan Stakeholder Engagement
79.
Which of the following should not be a criterion for identifying a stakeholder?
a)
interest
b)
influence
c)
support
d)
gender
80.
While doing earned value calculations, one should calculate the two important indicators, to be able to comment on the cost and schedule performance. What are these two indicators?
a)
SPI (Schedule Progress Index) and CPI (Cost Progress Index)
b)
PV (Planned Value) and AC (Actual Cost)
c)
SPI (Schedule Performance Index) and CPI (Cost Performance Index)
d)
PV (Planning Value) and AC (Accounted Cost)
81.
You are the project manager of a software development project. You are about to estimate the duration of each activity. The engineer responsible for Activity A has not been hired yet. You know from the past projects that completing this activity will most probably take 12 days. In one of the projects that you worked before, it took 18 days for a similar activity to complete. But you know that this is an exception. One of your team members says: "If everything goes perfectly OK, this activity may be completed in 8 days". Your sponsor enforces you to use the simple distribution. What is your duration estimation for this activity?
a)
12.67
b)
12.33
c)
15.33
d)
10.33
82.
What is the primary purpose of preparing the staff release plan?
a)
Saving money and improving employee morale
b)
Helping people to manage their time easier
c)
Preventing possible lawsuits from team members
d)
Helping the project schedule to meet deadlines    
83.
The project is completed as of today. If you calculate the schedule variance right now, you find it to be:
a)
1
b)
0
c)
Equal to EV (Earned Value)
d)
Equal to PV (Planned Value)
84.
Risk analyses are generally divided into two groups by the analysis type: Quantitative Risk Analysis and Qualitative Risk Analysis. Qualitative Risk Analysis should be applied to what kind of risks?
a)
All risks listed in the risk register
b)
All risks listed in the prioritized risks
c)
Risks which are determined by high-level management
d)
Risks which are determined by the customer 
85.
You are about to determine the budget of your project. You have the cost management plan, scope baseline, cost estimates, basis of estimates and the project schedule with you. You will make a list of other things to have. Which of the following options can not be in this list?
a)
Risk register
b)
Project funding requirements
c)
Agreements
d)
Organizational process assets   
86.
To determine each individual’s role in the team, there are some important items we should consider. Which of the following will not be one of these items?
a)
authority
b)
competency
c)
nationality
d)
responsibility
87.
You need a detailed list including the description of the assumptions of your project. Where can you find this information?
a)
Project scope statement
b)
Project charter
c)
Organizational process assets
d)
Pareto chart   
88.
You are preparing a presentation for an important meeting. You need the hierarchical structure of resources, which are organized by resource categories. Where can you find this information?
a)
Organization Breakdown Structure
b)
Resources List
c)
Resource Breakdown Structure   
d)
WBS
89.
You are evaluating the data you obtained from the earned value calculations. The CPI is 1.01. What does it mean?
a)
The budget is just within the limits
b)
The project is over budget
c)
The project is under budget
d)
The project is behind of schedule   
90.
Which one of the following options is not a technique used for conducting schedule network analysis?
a)
Critical path method
b)
Resource optimization
c)
Modeling
d)
Process mapping
91.
You are about to prepare the budget for a software project. You have limited information about the scope of this project. Which of the following techniques is not suitable in such a situation?
a)
Analogous estimating
b)
Rough cost estimating
c)
Top down estimating
d)
Bottom up estimating   
92.
You are about to estimate the duration of each activity. The engineer responsible for Activity A has not been hired yet. You know from the past projects that completing this activity will most probably take 12 days. In one of the projects that you worked before, it took 18 days for a similar activity to complete. But you know that this is an exception. One of your team members says: "If everything goes perfectly OK, this activity may be completed in 8 days". Your sponsor enforces you to use the simple distribution. What is your duration estimation for this activity?
a)
12.67
b)
12.33
c)
15.33
d)
10.33
93.
You are a business management student at a well-known university. You are preparing a presentation about the project and product life cycles. Which of the following options is true about the project and product life cycles?
a)
“Project Life Cycle” and “Product Life Cycle” are the different terms used for the same thing
b)
“Project Life Cycle” and “Product Life Cycle” are not related to each other.
c)
“Project Life Cycle” generally contains “Product Life Cycle” 
d)
“Product Life Cycle” generally contains “Project Life Cycle”   
94.
“We will start testing after we are totally done with coding”. What type of logical relationship does this sentence indicate?
a)
Start-to-finish
b)
Start-to-start
c)
Finish-to-start
d)
Finish-to-finish 
95.
Testing starts after coding finishes. This is a finish-to-start type of relationship.
a)
The contractor validates all of the project objectives are met
b)
The customer validates all of the project quality requirements are met
c)
The contractor obtains the customer’s formal acceptance of deliverables
d)
The contractor confirms the appropriateness of the scope of the project 
96.
You are a CAPM certified project team member. Another team member wants to learn about the Perform Integrated Change Control process. What would you say about this process?
a)
This process is performed during execution only
b)
This process is performed during closing only
c)
This process is performed throughout the project from beginning to the end
d)
There is no such a process named “Perform Integrated Change Control”; it should be named as “Plan Integrated Change Control”   
97.
Which of the following is true about stakeholders and their objectives?
a)
All stakeholders have similar objectives
b)
All stakeholders have positive objectives
c)
All stakeholders have negative objectives   
d)
Stakeholders may have conflicting objectives
98.
The customer should be informed about an approved change:
a)
After it is approved by change control board
b)
Just after the necessity for change is detected
c)
Just after the change is evaluated
d)
After creating the change request
99.
You are about to create the stakeholder register. You need a document which indicates the external and internal parties involved in the project. Which of the following documents might be helpful in such a case?
a)
Project’s scope of work
b)
Project plan
c)
Stakeholder engagement plan
d)
Project charter   
100.
A team member is identifying the stakeholders. During which of the following project phases can stakeholders be identified?
a)
initiating
b)
planning & executing
c)
initiating & planning
d)
All
101.
The project manager and the customer are about to visit the project site, to ensure the work is being executed in accordance with the customer requirements. Which of the following is the best definition of this activity?
a)
control quality
b)
control scope
c)
validate scope
d)
manage quality
102.
ABCONX, a huge construction company, awarded your company a very small project. Normally, your company is too big to do this kind of small projects, but you know, if you complete this project successfully, your chance of being awarded a huge project of ABCONX next year will be very high. Management of your company states that the most important constraint of the project is quality. During the beginning of the project, a major problem with quality has occurred. Which of the following action is most suitable in this situation?
a)
Fixing the problem immediately
b)
Asking ABCONX if they allow this kind of quality problems
c)
Fixing the root cause of the problem even if it causes increased cost
d)
Asking your sponsor what to do
103.
The Business Case influences the creation of the Project Charter. Which of the following is included in the Business Case?
a)
Work breakdown structure
b)
SV and CV of the project
c)
Cost-benefit analysis
d)
EVM analysis
104.
You need to subcontract a work package immediately, but the scope is not clear yet. You decide to sign a contract to determine the unit prices for each activity. Which of the following contract types is more suitable in this case?
a)
Cost plus incentive fee
b)
Cost reimbursable
c)
Time and material
d)
Fixed price award fee
105.
You are about to quantify and classify the problems according to sources. Which of the following may help you in this case?
a)
Pareto diagram
b)
Control chart
c)
Ishikawa diagram
d)
Resource histogram 
106.
Which of the following Risk Management processes is not a Planning process?
a)
plan risk management
b)
identify risks
c)
implement risk responses
d)
perform quantitative risk analysis
107.
You are working on-site and following some items written in a document. If you agree with the item then you verify it as “yes”, and if you do not agree with the item then you verify it as “no”. You also need to write your comments if necessary. This document is:
a)
Scope baseline
b)
Check sheet
c)
Quality metrics
d)
checklist
108.
Your company has changed its vision and determined new strategies for this new vision. Your project, having a 10% physical progress, will be shut down because of this new strategy. Which of the following processes should follow this activity?
a)
Perform integrated change control
b)
validate scope
c)
Monitor Communications
d)
close project or phase
109.
In a contract, you may find lots of information about the project. Contractual provisions written in a contract are:
a)
deliverables
b)
Constraints
c)
risks
d)
scope
110.
The time required for the invested money to be repaid is the:
a)
Internal rate of return
b)
Payback period
c)
Present value
d)
Net present value
111.
You are the team member of a software project. There is a problem and you would like to find the root cause of the problem. Which of the following options may help you in this situation?
a)
Process Map
b)
Tally Sheet
c)
Ishikawa Diagram
d)
Control Chart
112.
You are preparing the budget for a new hospital project. The project is a new one but you know that it is going to be almost similar to another hospital project which is constructed in a different city. Since you don’t have any other information, you decide to use the cost data of that project directly. This is an example of which of the following?
a)
Parametric Estimating
b)
Monte Carlo Simulation
c)
Three Point Estimating
d)
Analogous Estimating   
113.
Generally, project selection methods are divided into two groups: Comparative Approach and Mathematical Approach. Which of the following options is not an example of the Mathematical Approach?
a)
Linear programming
b)
Integer programming
c)
Multi-objective programming
d)
EVM programming   
114.
The Present Value of $50,000 income received 1 year from now is $48,543.69. There will be a $10,000 spending 2 years from now and the Present Value of this cost is $9,425.96. Assuming the interest rate to be 3, what is the Net Present Value?
a)
40000
b)
60000
c)
57969.65
d)
39117.73
115.

You are about to choose the best project to invest.

- The Payback Period of Project A is 3 years,

- The Payback Period of Project B is 4 years,

- The Payback Period of Project C is 2 years,

- The Payback Period of Project D is 3.5 years.

Which project is the best project?

a)
Project A
b)
Project B
c)
Project C
d)
Project D
116.
Which of the following is not needed while developing the project charter?
a)
Agreements
b)
project scope statement
c)
Enterprise environmental factors
d)
Organizational process assets
117.

The project budget is $100,000. According to the performance calculations you made, the following results are obtained:

CPI = 1.15; SPI = 1.25.

Now you are about to make an estimation of the total cost of the project as it is completed. What would be your answer?

a)
100000
b)
86956.52
c)
80000
d)
$88,312.24 
118.

According to the given data, calculate the Estimate At Completion.

AC = $500,000

EV = $400,000

BAC = $600,000

SPI = 0.95

(Assume current cost performance is atypical for future.)

a)
300000
b)
700000
c)
750000
d)
$500,000 
119.
According to the given network diagram, what is the critical path?
a)
A-B-D-F-H
b)
A-B-F-H
c)
A-E-H
d)
A-C-G-H
120.

You have the following performance indexes of two projects;

Project 1: CPI=0.70; TCPI=1.20

Project 2: CPI=0.90; TCPI=1.20

By only considering these variables, which of the following is true about these projects?

a)
Both projects are under budget
b)
Project 1’s probability of completion within the budget is higher than Project 2
c)
Project 2’s probability of completion within the budget is higher than Project 1
d)
For Project 1, AC is greater than EV
121.
Fill in the blank: To ___________ you will need project management plan, project documents (including lessons learned register, requirements documentation, and requirements traceability matrix), work performance data and organizational process assets.
a)
Control Scope
b)
validate scope
c)
Control Quality
d)
Define Scope
122.
Fill in the blanks: Perform Integrated Change Control process is a process grouped in the ______________ and it is performed ______________.
a)
First Blank: “Executing Process Group”; Second Blank: “throughout the project”
b)
First Blank: “Monitoring and Controlling Process Group”; Second Blank: “in project scope management”
c)
First Blank: “Executing Process Group”; Second Blank: “in change management knowledge area”
d)
First Blank: “Monitoring and Controlling Process Group”; Second Blank: “throughout the project”
123.
The successor activity starts 10 days before the predecessor activity ends. This “10 days” is called:
a)
Crash
b)
Lag
c)
Sunk
d)
Lead
124.
Which of the following is not a configuration management activity included in the Perform Integrated Change Control process?
a)
Configuration identification
b)
Configuration status accounting
c)
Configuration documentation
d)
Configuration verification and audit
125.
As the functional manager, which of the following is the best place (or source) for learning about the changes in a project?
a)
Change Control Board
b)
Enterprise Environmental Factors
c)
Organizational Process Assets
d)
Change Log
126.
In what condition, Closing Project or Phase process may not be applied?
a)
After completing the project properly
b)
If the project is terminated because of the contractor's mistake
c)
If the project is canceled because of the customer's mistake
d)
Closing project or phase process should always be applied
127.
Which of the following options is not a part of Scope Management?
a)
Determining the requirements in detail
b)
Creating the activity list
c)
Creating the WBS and the WBS dictionary 
d)
Requesting changes 
128.
One of the primary objectives of creating the work breakdown structure is to ensure communication. Communication is:
a)
Between the project manager and the team
b)
Between the project manager and the customer
c)
Between a stakeholder with other stakeholders
d)
Between the customer and the team
129.
One of the team members has sent you the project schedule. You notice that milestones are missing and you asked her to add them and send it back again. Which of the following is not true about a milestone?
a)
A milestone is an activity and it is part of the project schedule
b)
Milestones are generally used for emphasizing the checkpoints of the project 
c)
Milestones have zero durations
d)
The summary of milestones is documented in the project charter 
130.
“Construction of the 2nd-floor can only start after completing the construction of the 1st-floor because it is impossible to start the upper floor’s construction without completing the previous floor’s construction.” This sentence is an example of which of the following dependencies?
a)
Hard Logic
b)
Discretionary Dependency
c)
External Dependency
d)
Soft Logic
131.
Michelle has completed the performance calculations. She obtained the following results:<br />CPI=0.85; SPI=0.90;<br />If the Budget at Completion is $500,000, which of the following statements is wrong about this project?
a)
The project should be accelerated to complete the work on time
b)
The TCPI value is greater than 1
c)
The ETC value is less than 0
d)
The project is over budget
132.
You have subcontracted a work package by signing a fixed price contract. Which of the following does not explain why you have preferred a fixed-price contract type?
a)
The scope is detailed and clear
b)
The seller will try to work more carefully since every extra cost of him will decrease his profit
c)
Risk of the seller is minimized
d)
Risk of the buyer is minimized
133.
To buy some material, you have agreed upon a unilateral contract. Which of the following is an example of a unilateral contract?
a)
cost contract
b)
Fixed Price economic price adjustment
c)
Purchase order
d)
Time and material   
134.
At the end of the project, the total cost is agreed to be above the Point of Total Assumption. What may be the primary reason for this result and who is responsible for this situation?
a)
The ceiling price is low; the buyer is responsible for this situation
b)
The target fee is low; the buyer is responsible for this situation
c)
Because of mismanagement; the project manager of the buyer is responsible for this situation
d)
Because of mismanagement; the project manager of the seller is responsible for this situation   
135.
Which of the following cannot be helpful during the Manage Quality process?
a)
Tree Diagrams
b)
Process Decision Program Charts
c)
Activity Netrwork diagrams
d)
RACI Chart 
136.
Which of the following options is not a team-building activity?
a)
Creating the Work Breakdown Structure
b)
Establishing a recognition and reward system
c)
Getting all team members involved in planning the project
d)
Hiring the team members   
137.
Which of the following options is not an activity carried out during Develop Team process?
a)
Training team members
b)
Team-building activities
c)
Project performance appraisals
d)
Setting ground rules
138.
Most of the time, conflicts are inevitable. Which of the following options is the least frequent source causing a conflict?
a)
Schedules
b)
Personality
c)
technical opinions
d)
Project priorities
139.
According to Maslow’s hierarchy of needs, which of the following options is on the top of others?
a)
Self-actualization
b)
Esteem
c)
Social
d)
Safety
140.
Which of the following options is not a hygiene factor according to Herzberg’s Theory?
a)
Salary
b)
Relationships at work
c)
Security
d)
Self-actualization
141.
Which of the following options is not considered to be a communication blocker?
a)
Language
b)
Noisy surroundings
c)
Nonverbal communication
d)
Culture
142.
Which of the following options is true about just-in-time environments?
a)
Since it is a just-in-time environment, the schedule is not needed
b)
Since it is a just-in-time environment, the project management plan is not needed
c)
Since it is a just-in-time environment, inventory is not needed
d)
Since it is a just-in-time environment, events are mutually exclusive
143.
Which of the following options is a Closing process group activity?
a)
Identifying the root causes of problems   
b)
Completing the procurement statement of work 
c)
Making final payments to subcontractors   
d)
Implementing the recognition and reward system   
144.
Which of the following is not a Stakeholder Management process?
a)
Identify Stakeholders
b)
Manage Stakeholder Engagement
c)
Monitor Stakeholder Engagement
d)
Close Stakeholder Engagement   
145.
You are the newest member of the project. You are looking for the responsibilities of departments. You need to take a look at:
a)
Resource Breakdown Structure
b)
Organizational Breakdown Structure
c)
Work Breakdown Structure
d)
Position Descriptions   
146.
Which one of the following options is not a schedule management process?
a)
Plan schedule management
b)
Define activities
c)
Collect requirements
d)
Estimate activity durations     
147.
Which one of the following options is not a network diagram drawing method?
a)
Precedence Diagramming Method
b)
Arrow Diagramming Method
c)
Graphical Evaluation and Review Technique
d)
Delphi Technique   
148.
A troubled project has an initial budget of $200,000. Only 50% of the project is completed and $350,000 have already been spent. The SPI is calculated to be 1.85. To decide whether to continue with this project or start another project, you know that sunk cost should not be considered. What is the sunk cost for this project?
a)
150000
b)
350000
c)
700000
d)
0
149.
The Organizational Process Assets are the major inputs to the Manage Stakeholder Engagement process. Which of the following options is not a key organizational process asset utilized during this process?
a)
Historical information about previous projects
b)
Organizational communication requirements
c)
Project document templates
d)
Change control procedures   
150.
The project charter is one of the major outputs of the initiating process group. Who is responsible for issuing the project charter?
a)
Project Manager
b)
Stakeholder
c)
Sponsor
d)
The Team

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