Hi PMP aspirants, welcome to AKVTutorials. Are you aiming for PMP success and need practice questions that align with the latest changes in the Project Management Professional exam content? Navigate ethical considerations confidently with our PMP practice questions, emphasizing professional responsibility and integrity. In this article, you will get PMP CAPM Exam Questions Paper 124 Answer Keys. PMP (Project Management Professional) is a certification offered by PMI (Project Management Institute) to get a skill managing the people, processes, and business priorities of professional projects. The PMP certification holders are called Project Manager who have proven they have project leadership experience and expertise in any way of working.
PMP Exam Practice Questions
PMP Practice Test Question No 1
Companies and institutions commonly hire leaders with :
Option A : A strong position in negotiating.
Option B : Experience in tricking business partners.
Option C : Integrity and expertise.
Option D : A strong link to local traditions.
Show/Hide Answer
Answer Keys: YES
Explanation: No
Correct Answer: D
A strong link to local traditions.
PMP Mock Test Question No 2
You are the project manager and have contracted with a service provider to develop a complicated software solution This software is necessary to control the machinery equipment which your project team will develop. It is a lump-sum contract with additional incentives for meeting predefined schedule targets. The payment schedule and incentives are as follows:
1. 10% with order
2. 20% after submission of prototype (+ 5% if delivered one week early)
3. 50% after product delivery (+ 5 % if delivered one week early)
4. 20% after final product acceptance (+ 5 % if delivered one week early)
Yesterday the company submitted the prototype to your project team. This was 2 weeks after the scheduled delivery date and 3 weeks after the date necessary to qualify for the incentive payment. This morning, the manager of the contractor approached you to ask for changes to the payment schedule. They found that their initial work and costs were much higher than originally expected and they now wish to increase the second payment to 30% and reduce the final payment to 10%. During the discussion you got the impression that the company is in serious financial trouble. Which of the following might be the most appropriate initial step?
Option A : Offer to pay 25% now and to reduce the final payment down to 15%.
Option B : Point out that the contractor is not in a position to demand a change to the contract
Option C : Demand an urgent meeting with the seller.
Option D : Revisit the planning processes of project risk management to understand the upcoming risks in conjunction with the seller before any further decisions are made.
Show/Hide Answer
Answer Keys: YES
Explanation: No
Correct Answer: D
Revisit the planning processes of project risk management to understand the upcoming risks in conjunction with the seller before any further decisions are made.
PMP Practice Exam Question No 3
A review of management processes and the associated documentation is commonly called :
Option A : Audit.
Option B : Inspection.
Option C : Testing and measuring.
Option D : Screening.
Show/Hide Answer
Answer Keys: YES
Explanation: No
Correct Answer: A
Audit.
PMP Mock Exam Question No 4
Which of the following is true in regard to the Code of Accounts?
Option A : It allows one to easily identify the breakdown level of the item in the resource structure.
Option B : It describes the coding structure used by the performing organization to report financial information in its general ledger.
Option C : It is the collection of unique identifiers generally assigned to WBS items.
Option D : It defines ethical behavior in the project and the responsibilities to the customer and the profession.
Show/Hide Answer
Answer Keys: YES
Explanation: No
Correct Answer: A
It allows one to easily identify the breakdown level of the item in the resource structure.
Project Management Professional Question No 5
You are a member of your company’s project office. The company is running many concurrent projects; most of them share a resource pool. Understanding how resources are utilized across projects is seen as being essential to cost effectiveness and profitability. You recently received an inquiry to assess the benefits of using project management software to manage the company’s project portfolio. Which of the following is true?
Option A : Project management software has the capability to help organize resource pools.
Option B : Project management software will dramatically simplify the task of leveling resources across projects with different project management teams.
Option C : Supporting project portfolio management is not the project office’s business.
Option D : Evaluating project management software is not the project office’s business.
Show/Hide Answer
Answer Keys: YES
Explanation: No
Correct Answer: C
Supporting project portfolio management is not the project office’s business.
PMP Certification Prep Question No 6
What are SMART objectives?
Option A : Objectives specified with far more detail than necessary for a successful project.
Option B : Easily achievable objectives.
Option C : Objectives that should be achieved in order to attain formal recognition.
Option D : Objectives that have specific, measurable, assignable, realistic and time-related specifications.
Show/Hide Answer
Answer Keys: YES
Explanation: No
Correct Answer: B
Easily achievable objectives.
PMP Exam Question No 7
You have been assigned to a new project and have finished the scope statement. You and your team are now going to create a Work Breakdown Structure. You are spending a lot of time discussing how to create a completely decomposed Work Breakdown Structure. Which of the following is not relevant to this discussion?
Option A : Status/completion is measurable.
Option B : Time/cost is easily estimated.
Option C : Start/end events are clearly defined.
Option D : Resource availability can be reliably foreseen.
Show/Hide Answer
Answer Keys: YES
Explanation: No
Correct Answer: A
Status/completion is measurable.
PMP Exam Sample Question No 8
A project manager performs Earned Value Analysis and finds the following results: AC: 220,000, PV: 250,000, EV: 220,000
Option A : CV = 0.
Option B : CV = 30,000.
Option C : CV = -30,000.
Option D : CV = 1.
Show/Hide Answer
Answer Keys: YES
Explanation: No
Correct Answer: D
CV = 1.
PMP Exam Practice Question No 9
During a company event, you had the opportunity to talk to a colleague project manager. He told you that in his current project actual costs are 15% under cumulated costs scheduled for today. What do you think?
Option A : The information available is not sufficient to assess project performance.
Option B : The project will probably be completed with total costs remaining under budget.
Option C : A significant cost increase during the further course of the project will probably bring the costs back to baseline level.
Option D : Original cost planning must have been poor to allow this variance.
Show/Hide Answer
Answer Keys: YES
Explanation: No
Correct Answer: B
The project will probably be completed with total costs remaining under budget.
PMP Certification Exam Question No 10
Which is true regarding projects?
Option A : A project is a unique service undertaken to create a temporary product.
Option B : A project is a unique endeavor undertaken to create a temporary service.
Option C : A project is a temporary endeavor undertaken to create a unique product or service.
Option D : A project is a temporary product undertaken to create a unique endeavor or service.
Show/Hide Answer
Answer Keys: YES
Explanation: No
Correct Answer: A
A project is a unique service undertaken to create a temporary product.
