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This presentation will showcase free sample PMP® questions that will help and guide you in studying for your PMP® examFind more free sample questions when you visit www.free-pm-exam-questions.com and free.pm-exam-simulator.com
Sample PMP® Exam Question In a project, several risk response strategies are used to effectively manage project risks. The strategy or mix of strategies should be used when planning for risk responses. Which of the following statements best describes an accept strategy for negative risks or threats? a. Adopting less complex processes is an accept strategy. b. Use of insurance is part of an accept strategy. c. Using contingency reserve is part of accept strategy. d. Extending schedule is part of an accept strategy.HINT: A risk acceptance strategy is adopted because it isseldom possible to eliminate all threats from a project. One ofthe risk acceptance strategies is performed in the early stages ofplanning. Find the option which is performed during planning.
Answer and Explanation The correct answer is C The most common risk acceptance strategy in a project is to establish contingency reserves.
Sample PMP® Exam Question You developed alternative schedules based on the best-case and worst-case scenarios in your project. You want to keep these alternative schedules stored in your project, in case of changes in project resources. Where would you store alternative schedules? a. Schedule Baseline b. Schedule Data c. Project documents d. Project scope statementHINT: Alternative schedules are output of developschedule process. Look for the outputs of developschedule process to see where these schedules arestored.
Answer and Explanation The correct answer is B Schedule data contains alternative schedules such as best-case or worst-case scenario. This is an output of develop schedule process.
Sample PMP® Exam Question Tim is working on an electronic manufacturing project. In his project he wants to establish a warranty for some of the precision parts he is buying. What risk response strategy is he using? a. Mitigate b. Avoid c. Accept d. Transfer HINT: Tim is shifting the negative impact of the risk.
Answer and Explanation The correct answer is D Risk transfer requires shifting some or all of the negative impact of a threat, along with the ownership of the response. Taking out insurance or a warranty transfers the risk from the owner to the other party.
Sample PMP® Exam Question What is risk tolerance? a. Risks created by tolerating customer behavior. b. Willingness to accept varying degrees of risk. c. Risks created by zero tolerance. d. Being tolerant if stakeholders are willing to accept risks. HINT: Look for the “least strange” answer.
Answer and Explanation The correct answer is B Do you feel that A, C and D are odd? Correct, they are and they were included intentionally. Sometimes you can expect to find some “funny” answer choices. Risk tolerance is the stakeholders willingness to accept varying degrees of risk. Choice B is the only correct answer to this question.
Sample PMP® Exam Question You are managing a software development project. You want to create the basis that will be used later on for estimating, scheduling, executing, monitoring, and controlling the project work. Which process performs this activity? a. Create WBS b. Define Scope c. Define Activities d. Create Project Management PlanHINT: Estimating is performed when the activitiesare defined and the schedule is prepared.
Answer and Explanation The correct answer is C Activities form a basis for estimating, scheduling, executing, and monitoring and controlling the project work. This is performed in the Define Activities process.
Sample PMP® Exam Question You are considering using WBS templates to create your projects WBS. Where would you most likely find these templates? a. PMIs Practice Standard for WBS b. Microsoft Project Web Site c. Organizational Process Assets d. All of the aboveHINT: Get your mind out of the PMBOK Guide andthink freely for this question.
Answer and Explanation The correct answer is D This question isnt asking about "inputs" to the Create WBS process. The question is simply asking: Where could you find templates to help you build a WBS? All of the answer choices are possible sources for WBS templates.