PMP Practice Test 22

Project Management Professional (PMP) – Online Sample Test for Certification exam Preparation

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1. Which of the following statements about fast-tracking is TRUE?


2. You are the project manager for an information technology division of a large financial services firm in the United States. Your company offers a web based trading platform that provides options and futures trading for U.S commodities markets. Due to the rise in popularity of futures and options trading, your company has grown rapidly. In fact, due to rapid growth, the company’s I.T. infrastructure is unable to meet the growing demands. To keep up with the demands you have been assigned the responsibility of upgrading the company’s network and company’s infrastructure. You have been asked to calculate the payback period for the project that is to be completed in the next 24 months. The IRR of the project is 12% and the annual savings will be $2million. The total cost of project will be $6million dollars. The cost of capital used by the company during previous projects is 5%. What is the payback period for this project?


3. Schedule model data, which is an input of the schedule development process, includes all of the following EXCEPT:


4. You are the project manager for the software company that develops stock analysis software. You have been assigned to develop a new technical analysis tools to forecast the price of stock given its historical volatility based on Elliot Wave techniques. You need to gather necessary information to write the project scope management plan. Which of the following tools/ techniques will NOT be useful for you in this process?


5. Subject matter experts are resources that can provide very valuable information to the project. In which scope-statement processes are subject matter experts first utilized?


6. Fragment network area term used in reference with which of the following?


7. You have been recently been assigned to provide an accurate project schedule for constructing a new 50-story casino, in Las Vegas, Nevada. You are evaluating the network diagram for the construction project, and are using the forward pass calculations to construct the schedule. You are trying to calculate the earliest start time for laying the foundation of the building. The expected duration for this task is 150 days. The task must be completed within 300 days, while the expected completion is within 220 days. The latest finish time is 200 days. Based on this information, what is the earliest start time of this task?


8. The Preliminary Scope Statement which is and output of the Develop Preliminary Project Scope Statement process, is an input to all of the following EXCEPT:


9. Which of the following statements are true regarding the risk break down structure?


10. Which of the following statement are FALSE regarding the probability impact matrix technique?


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