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PMP Exam Question Session 30
Scenario-based questions, just like the real PMP exam!
In this series we will walk through five PMP Practice Exam Questions each day – a great way to set up your morning as you prepare to pass the PMP Exam. It is also useful for the CAPM exam, as the content is very similar.
We will also figure them out together, and you’ll see the thought process behind solving these PMP exam questions.
Watch the video below for the questions and answers!
Question 1
You are working on a project and it has become apparent that part of the product your company was creating they won’t be able to complete. You decide to outsource it to a vendor, and offer a bonus to the vendor if the work is completed in two months. What type of contract will you use?
A) CPFF (Cost plus fixed fee)
B) FPWEA (Fixed price with economic price adjustments)
C) T & M (Time and materials)
D) FPIF (Fixed price incentive fee)
Question 2
You are working on the schedule of your project and have just created a schedule network diagram. You have noted the duration, early start and early finish dates for each activity. What will you do next?
A) Perform a “forward pass”, noting the Late Start and Late Finish for each activity.
B) Perform a “backward pass”, noting the Late Start and Late Finish for each activity
C) Break down the scope into smaller work packages you can assign to your teams
D) Perform a “backward pass”, noting the float and positions of each activity
Question 3
You are working on a project that is outsourcing part of development to a third party. Your project sponsor wants to keep the risk to the organisation low. What sort of contract will you use to outsource this work?
A) CPFF (Cost plus fixed fee)
B) T & M (Time and Material)
C) FFP (Firm Fixed Price Contract)
D) CPIF (Cost plus Incentive fee)
Question 4
You have acquired your project team, and are ready to distribute the work to your team for them to begin. You will use your project’s outlined work authorisation system, which:
A) Manages the timing and sequence of when activities need to be performed, and by whom.
B) Tracks and manages work defects as they arise
C) Identifies the resources needed to complete activities
D) Is used for comparing actual work against the baselines
Question 5
You are managing a project to build a new meeting hall. Half way through, one of the stakeholders advises the stage is not big enough, it must be twice as big. This was not originally planned for. What will you do next?
A) Get the work done immediately and start executing
B) Update the impacted baselines – scope , cost and schedule
C) Update the work performance reports and share with stakeholders
D) Analyse the impact to the cost , schedule and scope, then submit the change request to the change control board for approval.