Top Tips Of Up To The Minute PMI-001 Exam Topics

NEW QUESTION 1
Which of the following is an output of the Monitor and Control Project Work process?

• A. Change requests
• B. Performance reports
• C. Organizational process assets
• D. Project management plan

Answer: A

NEW QUESTION 2
The process for performing variance analysis may vary, depending on:

• A. scenario building, technology forecasting, and forecast by analog
• B. working relationships among various stakeholders and team member
• C. application area, the standard used, and the industry,
• D. work to be completed nex

Answer: C

NEW QUESTION 3
Which of the following are inputs to the Plan Procurements process?

• A. Risk register, scope baseline, enterprise environmental factors, organizational process assets, project schedule
• B. Risk register, scope baseline, make-or-buy decisions, organizational process assets, project schedule
• C. Project management plan, qualified seller list, contract, enterprise environmental factors, teaming agreements
• D. Project management plan, qualified seller list, contract, make-or-buy decisions, teaming agreements

Answer: A

NEW QUESTION 4
Processes in the Planning Process Group are typically carried out during which part of the project life cycle?

• A. Only once, at the beginning
• B. At the beginning and the end
• C. Once during each phase
• D. Repeatedly

Answer: D

NEW QUESTION 5
Work performance information and cost forecasts are outputs of which Project Cost Management process?

• A. Estimate Costs
• B. Plan Cost Management
• C. Determine Budget
• D. Control Costs

Answer: D

NEW QUESTION 6
A collection of projects managed as a group to achieve strategic objectives is referred to as
a:

• A. plan
• B. process
• C. program
• D. portfolio

Answer: D

NEW QUESTION 7
Which is the correct formula for calculating expected activity cost for three-point estimating?

• A. Ce = (C0 + 6Cm + Cp)/4
• B. Ce = (6C0 + Cm + Cp)/4
• C. Ce = (C0 + 4Cm + Cp)/6
• D. Ce = (C0 + C., + 4Cp) / 6

Answer: C

NEW QUESTION 8
Using the following data, what is the Schedule Performance Index (SPI)?
EV= $500 PV= $750 AC= $1000 BAC= $1200

• A. 0.67
• B. 1.5
• C. 0.75
• D. 0.5

Answer: A

NEW QUESTION 9
What does a CPI value greater than 1.0 indicate?

• A. Cost right at the estimated value
• B. Cost under the estimated value
• C. Cost right at the actual value
• D. Cost over the estimated value

Answer: B

NEW QUESTION 10
Quality metrics are an output of which process?

• A. Plan Quality
• B. Perform Quality Control
• C. Perform Quality Assurance
• D. Perform Qualitative Risk Analysis

Answer: A

NEW QUESTION 11
What is a tool and technique used in the Develop Project Management Plan process?

• A. Project management information system (PMIS)
• B. Project charter
• C. Quality assurance
• D. Expert judgment

Answer: D

NEW QUESTION 12
Which of the following factors is lowest at the start of the project?

• A. Cost of changes
• B. Stakeholder influences
• C. Risk
• D. Uncertainty

Answer: A

NEW QUESTION 13
Which of the following risk response strategies involves allocating ownership of a positive risk to a third party?

• A. Mitigate
• B. Transfer
• C. Share
• D. Avoid

Answer: C

NEW QUESTION 14
Which type of contract is most commonly used by buying organizations because the price for goods is set at the outset and is not subject to change unless the scope of work changes?

• A. Fixed Price with Economic Price Adjustments Contract (FP-EPA)
• B. Cost-Reimbursable Contract (CR)
• C. Firm-Fixed -Price Contract (FFP)
• D. Fixed-Price-Incentive-Fee Contract (FPIF)

Answer: C

NEW QUESTION 15
The project charter is an input to which process?

• A. Develop Project Charter
• B. Develop Project Management Plan
• C. Monitor and Control Project Work
• D. Perform Integrated Change Control

Answer: B

NEW QUESTION 16
Administer Procurements is part of which Process Group?

• A. Planning
• B. Executing
• C. Monitoring and Controlling
• D. Closing

Answer: C

NEW QUESTION 17
Which process identifies whether the needs of a project can best be met by acquiring products, services, or results outside of the organization?

• A. Plan Procurement Management
• B. Control Procurements
• C. Collect Requirements
• D. Plan Cost Management

Answer: A

NEW QUESTION 18
Which process occurs within the Monitoring and Controlling Process Group?

• A. Control Costs
• B. Plan Quality
• C. Perform Quantitative Risk Analysis
• D. Determine Budget

Answer: A

NEW QUESTION 19
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