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Real questions and answers
　
　
Exam : PMI PMI-001
Title : Project Management Professional

1. When preparing the probability distribution of cost outcomes for a project, what is the estimate with a 15% probability of being exceeded approximately one standard deviation ___________?
A. Above the mean.
B. Below the mean.
C. Below the median.
D. Above the median.
Answer: A

2. Which of the following describes Fast Tracking?
A. Circumventing loopholes.
B. Developing workarounds for previous problems.
C. Increased project risk.
D. Getting people to work longer hours in overtime.
E. Meeting schedule objectives by adding resources.
Answer: C

3. Which of the following are included in cost control? (Choose all that apply.)
A. Informing stakeholders of changes.
B. Preparing cost estimates.
C. Recording appropriate changes to the cost baseline.
D. Monitoring cost performance.
Answer: A, C, D

4. Which of the following statements depicts the key difference between contract close-out and administrative closure?
A. Contract close-out formalizes project completion.
B. Contract close-out includes product verification.
C. Contract close-out includes updating records with final results.
D. Administrative closure includes procurement audits.
E. None of the above.
Answer: B

5. What would be the cost performance index if BCWP =350, ACWP = 400, and BCWS = 325?
Note:Budgeted Cost of Work Performed (BCWP), Actual Cost of Work Performed (ACWP) and
Budget Cost of Work Schedule (BCWS)
A. 0.813
B. 1.078
C. 1.143
D. 0.875
Answer: D

6. Which technique would you be using if you analyze which sequence of activities has the least amount of flexibility when you need to predict project duration?
A. Critical path
B. Dependency diagramming
C. PERT
D. Gantt chart
E. Monte Carlomethod
Answer: A

7. Taking the following table into account, where would corrective action be MOST effective when you make use of Pareto’s Rule?
A. Development
B. Prototype
C. Fabrication
D. Design
E. Testing
Answer: D

8. Which of the following represents the BEST process to accomplish resource planning?
A. Identifying the required resources in the project charter
B. Identifying the available resources and allocate them to all activities in the current phase of the project.
C. Identifying the required resources and allocate them to all project activities.
D. Identifying the resources that performed past similar projects, and allocate them to all project activities
E. None of the above
Answer: C