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Project Management Professional (PMP)
#Question
- (Topic 5) When alternative dispute resolution (ADR) is necessary, which tool or technique should be utilized?
A.
Conflict management
B.
Claims administration
C.
Performance reporting
D.
Interactive communication
Correct Answer:
B
#Question
- (Topic 5) At the completion of a project, a report is prepared that details the outcome of the research conducted on a global trend during the project. Which item did this project create?
A.
Product
B.
Service
C.
Improvement
D.
Result
Correct Answer:
D
#Question
- (Topic 4) Which of the following outputs from the Control Schedule process aids in the communication of schedule variance (SV), schedule performance index (SPI), or any performance status to stakeholders?
A.
Schedule baselines
B.
Work performance measurements
C.
Performance organizations
D.
Change requests
Correct Answer:
B
Project Management Professional (PMP)
Discussing...
- (Topic 4) Which of the following outputs from the Control Schedule process aids in the communication of schedule variance (SV), schedule performance index (SPI), or any performance status to stakeholders?
#Question
- (Topic 4) What is the schedule performance index (SPI) if the planned value (PV) is $100, the actual cost (AC) is $150, and the earned value (EV) is $50?
A.
0.5
B.
0.67
C.
1.5
D.
2
Correct Answer:
A
#Question
- (Topic 4) At the start of a typical project life cycle, costs are:
A.
low, peak as work is carried out, and drop as the project nears the end.
B.
high, become low as work is carried out, and drop as the project nears the end.
C.
high, drop as work is carried out, and increase as the project nears the end.
D.
low, become steady as work is carried out, and increase as the project nears the end.
Correct Answer:
A
#Question
- (Topic 4) The three processes of Project Cost Management are:
A.
Estimate Costs, Determine Budget, and Estimate Activity Resources.
B.
Estimate Costs, Determine Budget, and Control Costs.
C.
Determine Budget, Control Schedule, and Estimate Activity Resources.
D.
Estimate Costs, Control Schedule, and Control Costs.
Correct Answer:
B
#Question
- (Topic 4) Which earned value management (EVM) metric is a measure of the cost efficiency of budgeted resources expressed as a ratio of earned value (EV) to actual cost (AC) and is considered a critical EVM metric?
A.
Cost performance index (CPI)
B.
Cost variance (CV)
C.
Variance at completion (VAC)
D.
Budget at completion (BAC)
Correct Answer:
A
Project Management Professional (PMP)
Discussing...
- (Topic 4) Which earned value management (EVM) metric is a measure of the cost efficiency of budgeted resources expressed as a ratio of earned value (EV) to actual cost (AC) and is considered a critical EVM metric?
Project Management Professional (PMP)
Project Management Professional (PMP)
Discussing...
- (Topic 4) Which of the following outputs from the Control Schedule process aids in the communication of schedule variance (SV), schedule performance index (SPI), or any performance status to stakeholders?
Project Management Professional (PMP)
Discussing...
- (Topic 4) Which earned value management (EVM) metric is a measure of the cost efficiency of budgeted resources expressed as a ratio of earned value (EV) to actual cost (AC) and is considered a critical EVM metric?
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FAQ
Learn More:
Q1: What are PMI Certification Exams? A: PMI (Project Management Institute) Certification Exams validate your expertise in various project management disciplines. These certifications demonstrate your proficiency in applying project management principles, methodologies, and best practices to successfully lead and execute projects.
Q2: Why should I pursue PMI Certification? A: PMI Certification enhances your professional credibility, showcasing your skills and knowledge in project management. This can lead to better job opportunities, higher salaries, and career advancement in project management, program management, and related fields.
Q3: What are the benefits of PMI Certification? A: Benefits include recognition as a certified project management professional, improved job performance, access to exclusive resources, continuing education opportunities, and staying current with the latest project management practices and industry standards.
Q4: Who should take PMI Certification Exams? A: Project managers, program managers, project coordinators, team leaders, and anyone involved in managing and leading projects should consider these certifications to validate their expertise and advance their careers.
Q5: What types of PMI Certification Exams are available? A: PMI offers various certification paths, including:
- Project Management Professional (PMP)®
- Certified Associate in Project Management (CAPM)®
- Program Management Professional (PgMP)®
- PMI Agile Certified Practitioner (PMI-ACP)®
- PMI Risk Management Professional (PMI-RMP)®
- PMI Scheduling Professional (PMI-SP)®
- PMI Professional in Business Analysis (PMI-PBA)®
Each certification path is tailored to different roles and expertise levels within the project management field.
Q6: How do I prepare for PMI Certification Exams? A: Preparation can include official PMI training courses, study guides, practice exams, online tutorials, and hands-on experience in project management. Additionally, PMI offers resources such as the PMBOK® Guide (Project Management Body of Knowledge) for comprehensive study.
Q7: Where can I take PMI Certification Exams? A: PMI Certification Exams can be taken at authorized Pearson VUE testing centers worldwide or online through remote proctoring, providing flexibility to fit your schedule and location.
Q8: How do PMI Certifications impact my career? A: PMI Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in project management, program management, and related fields.
Q9: Are there any prerequisites for PMI Certification Exams? A: Some exams have prerequisites, such as educational qualifications, professional experience, and prior project management training. For example, the PMP® requires a combination of education and project management experience. Check the specific requirements for each certification path on the PMI website.
Q10: How often do I need to recertify for PMI Certifications? A: PMI Certifications typically require recertification every three years. This involves earning Professional Development Units (PDUs) to ensure that certified professionals stay updated with the latest project management practices and industry standards.
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