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Project Management Professional v5

Last Update 3 hours ago Total Questions : 918

The Project Management Professional v5 content is now fully updated, with all current exam questions added 3 hours ago. Deciding to include PMI-001 practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our PMI-001 exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these PMI-001 sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Project Management Professional v5 practice test comfortably within the allotted time.

Question # 261

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)

Question # 262

An example of a group decision-making technique is:

A.

nominal group technique

B.

majority

C.

affinity diagram

D.

multi-criteria decision analysis

Question # 263

A project has a current cost performance index (CPI) of 1.25. To date, US$10,000 have been spent on performing the project work. What is the earned value of the work completed to date?

A.

US$S000

B.

US$9500

C.

US$10,000

D.

US$12,500

Question # 264

Which of the following is a set of interrelated actions and activities performed to achieve a prespecified product, result, or service?

A.

Portfolio

B.

Process

C.

Project

D.

Program

Question # 265

The links between the processes in the Process Groups are often:

A.

Intuitive

B.

Iterative

C.

Measured

D.

Monitored

Question # 266

The procurement process that documents agreements and related documentation for future reference is known as:

A.

Plan Procurements.

B.

Control Procurements.

C.

Close Procurements.

D.

Conduct Procurements.

Question # 267

Which category of contracts are sellers legally obligated to complete, with possible financial damages if the project objectives are not met?

A.

Cost-reimbursable contracts

B.

Time and Material contracts (T & M)

C.

Fixed-price contracts

D.

Cost Plus Fixed Fee Contracts (CPFF)

Question # 268

Which tools or techniques are used during the Close Project or Phase process?

A.

Reserve analysis and expert judgment

B.

Facilitation techniques and meetings

C.

Expert judgment and analytical techniques

D.

Performance reviews and meetings

Question # 269

An output of the Close Project (or Close Phase) process is:

A.

accepted deliverables

B.

organizational process asset updates

C.

work performance information

D.

project management plan updates

Question # 270

What do composite organizations involve?

A.

Functional and project managers

B.

Functional managers only

C.

Project managers only

D.

Technical managers and project managers

Question # 271

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.

Result

B.

Product

C.

Service

D.

Improvement

Question # 272

Which of the following is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen?

A.

Sensitivity analysis

B.

Three-point estimate

C.

Modeling and simulation

D.

Expected monetary value analysis

Question # 273

The individual or group that provides resources and support for a project and is accountable for success is the:

A.

sponsor

B.

customer

C.

business partners

D.

functional managers

Question # 274

At the end of the project, what will be the value of SV?

A.

Positive

B.

Zero

C.

Negative

D.

Greater than one

Question # 275

In a weak matrix, the project managers role is:

A.

part-time

B.

full-time

C.

occasional

D.

unlimited

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