Topic: PMI-SP Dumps

PMI-SP | Nancy is the project manager of the 0

Question: 21

Nancy is the project manager of the JJJ Project. This project has recently been approved by the project customer as complete so Nancy must now finalize the administrative closure. Nancy needs to create the final project report to report the successes and failures in the project. Who should Nancy deliver this final project report to if she is participating in a projectized structure?

A. Functional Management
B. Project sponsor
C. Whomever the communications management plan directs her to
D. Project customer

Answer: C

Explanation:

The communications management plan will define who will receive what information. Answer option B is incorrect. The project sponsor may be a recipient but the project communications management plan is the best selection.

Answer option A is incorrect. Functional management is not the best choice in a projectized structure.
Answer option D is incorrect. The project customer may receive a copy of the report, but the project communications management plan should direct the communications.

PMI-SP | Lily works as a project manager for BlueWell… 0

Question: 20

Lily works as a project manager for BlueWell Inc. She has recorded the following duration estimates for an activity in her project: optimistic 35, most likely 50, and pessimistic 95. What time will she record for this activity?

A. 48
B. 55
C. 54
D. 40

Answer: B

Explanation:

This is an example of three-point estimate. A three-point estimate records the optimistic, most likely, and the pessimistic duration and then records an average for the predicted duration Three-point estimate is a way to enhance the accuracy of activity duration estimates. This concept is originated with the Program Evaluation and Review Technique (PERT).

PERT charts the following three estimates:

Most likely (TM): The duration of activity based on realistic factors such as resources assigned, interruptions, etc. Optimistic (TO): The activity duration based on the best-case scenario Pessimistic (TP): The activity duration based on the worst-case scenario The expected (TE) activity duration is a weighted average of these three estimates: TE = (TO + 4TM + TP) / 6 Duration estimates based on the above equations (sometimes simple average of the three estimates is also used) provide more accuracy. Here, it is, TE = ( 35 + 50*4 + 95) / 6 = 330/6 = 55

PMI-SP | Holly is the project manager for her organization… 0

Question: 19

Holly is the project manager for her organization. She is creating the activity list and would like to tag those activities that are comprised of discrete effort. What is discrete effort?

A. It is a term used to describe activities whose effort cannot be directly measured to the project objectives.
B. It is a term used to describe activities whose effort can be directly measured and linked to the project objectives.
C. It is a term used to describe activities that are supportive of the project work, but not linked to the project deliverables.
D. It is a term used to describe activities that are core project management processes, but not core project activities.

Answer: B

PMI-SP | Fred has crashed the project… 0

Question: 18

Fred is the project manager of the NHA project. This project has a BAC of $2,456,900 and is sixty percent complete. Fred has crashed the project, which has driven the project costs to date to $1,525,140, but his project is five percent more complete than what was planned. What is the cost variance for this project that Fred needs to report to management?

A. $122,845
B. -$51,000
C. -$85,000
D. Zero

Answer: B

PMI-SP | You are the project manager of the GHY Project… 0

Question: 15

You are the project manager of the GHY Project. This project is scheduled to last for one year and has a BAC of $4,500,000. You are currently 45 percent complete with this project, though you are supposed to be at your second milestone which accounts for half of the project completion. There have been some errors in the project, which has caused you to spend $2,073,654. What is this project’s schedule variance?

A. -$48,654
B. 13 percent
C. -$225,000
D. 0.98

Answer: C

Explanation:

The schedule variance can be found by subtracting the planned value form the earned value. In this instance, it is $2,025,000 minus $2,250,000. SV = 2,025,000 – 2,250,000 = -225,000 Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that the schedule is ahead or behind what was planned for this period in time. The schedule variance is calculated based on the following formula: SV = Earned Value (EV) – Planned Value (PV) If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater than 0 shows that the project is ahead of the planned schedule. A value of 0 indicates that the project is right on target. Answer option A is incorrect. This is the cost variance for the project. Answer option B is incorrect. 13 percent is not a valid answer. Answer option D is incorrect. This is not a valid variance for this question; variances are typically negative numbers.

PMI-SP | You have been hired as a project manager for Tech Perfect… 0

Question: 14

You have been hired as a project manager for Tech Perfect Inc. You are studying the documentation of planning of a project. The documentation states that there are twenty-five stakeholders with the project. What will be the number of communication channels for the project?

A. 300
B. 50
C. 600
D. 25

Answer: A

Explanation:

According to the question, the project has twenty-five stakeholders. Communication channels are paths of communication with stakeholders in a project. The number of communication channels shows the complexity of a project’s communication and can be derived through the formula shown below: Total Number of Communication Channels = n (n-1)/2 where, n is the number of stakeholders. Hence, a project having five stakeholders will have ten communication channels. Putting the value of the number of stake holder in the formula will provide the number of communication channels: Number of communication channel = (n (n-1)) / 2 = (25 (25-1)) / 2 = (25 x 24) / 2 = 600 / 2 = 300 Who are project stakeholders? Project stakeholders are those entities within or without an organization, which:

Sponsor a project or, Have an interest or a gain upon a successful completion of a project. Examples of project stakeholders include the customer, the user group, the project manager, the development team, the testers, etc. Stakeholders are anyone who has an interest in the project. Project stakeholders are individuals and organizations that are actively involved in the project, or whose interests may be affected as a result of project execution or project completion. They may also exert influence over the project’s objectives and outcomes. The project management team must identify the stakeholders, determine their requirements and expectations, and, to the extent possible, manage their influence in relation to the requirements to ensure a successful project.

PMI-SP | John is the project manager for his organization… 0

Question: 13

John is the project manager for his organization. He has created a status dashboard for his stakeholders. What is a status dashboard?

A. It is a report that details the current status of risks and issues.
B. It is a software application that allows stakeholders to view the project manager’s performance.
C. It is a web-based tool to inspect the project deliverables for performance.
D. It is a report that reflects the overall performance of scope, schedule, quality, cost, or other project performance metrics.

Answer: D

Explanation:

Of all the choices, the best explanation is that a dashboard is a report for quick review of the project’s performance metrics. While there are some software solutions, they still focus on the key performance criteria of the project.
Answer option C is incorrect. This answer defines the definition of quality control, not the dashboard’s review of project performance.
Answer option B is incorrect. Dashboards focus on the performance of the project’s key performance factors, not the project manager.
Answer option A is incorrect. A status report could include the details of the project’s risks and issues, but usually not the dashboard.

PMI-SP | Which of the following individuals has a management role in a core… 0

Question: 12

Which of the following individuals has a management role in a core business area, such as research and development, design, manufacturing, provisioning, testing, or maintenance?

A. Functional manager
B. Operations manager
C. Project manager
D. Seller

Answer: B

Explanation:

The role of operations manager is to perform various management roles in a core business area, such as research and development, design, manufacturing, provisioning, testing, or maintenance. The operations manager directly deals with constructing and maintaining the saleable products or services of the enterprise.

  • Answer option C is incorrect. A project manager is an expert in the field of project management. He is responsible for the entire project from inception to completion. The project manager leads the team and helps negotiate the multiple relationships within any project whether with clients, team members, firm principals or any variety of partners and functions as the hub of a project.
  • Answer option A is incorrect. The role of a functional manager is to perform various management roles within an administrative or functional area of the business, such as human resources, finance, accounting, or procurement. He is assigned his own permanent staff to carry out the ongoing work. He should have a clear directive to manage all tasks within his functional area of responsibility.
  • Answer option D is incorrect. Seller is also known as a vendor, supplier or contractor. They are external company’s elements that enter into a contractual agreement to provide components or services necessary for the project.