This document provides sample PMP exam questions and explanations related to project management principles and concepts, emphasizing their importance in studying for the PMP certification. It includes various topics such as total cost of ownership, risk response strategies, requirements traceability, risk tolerance, and cost performance measurement. The publication is not endorsed by PMI and is intended only as a reference for exam preparation.

1. PMP® Sample
Questions
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2. This presentation will showcase free sample
PMP® questions that will help and guide
you in studying for your PMP® exam
Find more free sample questions when you visit
www.free-pm-exam-questions.com and
free.pm-exam-simulator.com

3. 1. ____________ is the total cost to produce the product or service of the
project while meeting the quality standards plus the operating cost.
A. Total Cost of Ownership
B. Estimated Cost
C. Cost of Quality
D. Budgeted Cost
Hint:What is the total cost of a product?.
Sample PMP® Exam Question

4. The correct answer is A
Explanation:Total Cost of Ownership is the total cost
of a product including the development cost, quality
activities cost, and operating costs. Cost of Quality
means the Cost of Quality activities only. Neither
Budgeted Cost nor Estimated Cost are the actual costs
to produce the product.
Answer and Explanation

5. 2. Tim is working on an electronic manufacturing project and 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.
Sample PMP® Exam Question

6. The correct answer is D
Explanation: 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.
Answer and Explanation

7. 3. In your project, you want to ensure that each requirement adds business value by
linking it to the business and project objectives. This also provides a means to track
requirements throughout the project life cycle, helping to ensure that requirements
approved in the requirements documentation are delivered at the end of the project.
The document that helps to achieve this is called:
A. Requirements Documentation
B. Brainstorming
C. Requirements Management Plan
D. RequirementsTraceability Matrix
Hint: This question is asking you how to trace the requirements from project beginning to end.
Sample PMP® Exam Question

8. The correct answer is D
Explanation:The RequirementsTraceability Matrix is a
table that links requirements to their origin and traces
them throughout the project life cycle.The
implementation of a RequirementsTraceability Matrix
helps ensure that each requirement adds business value
by linking it to the business and project objectives. It
provides a means to track requirements throughout the
project life cycle, helping to ensure that requirements
approved in the requirements documentation are
delivered at the end of the project.
Answer and Explanation

9. 4.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.
Sample PMP® Exam Question

10. The correct answer is B
Explanation: Do you feel that three of these choice 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.
Answer and Explanation

11. 5. The total authorized budget for your IT project is $160,000 and Management
Reserves are $20,000. You want to measure cost performance to see how the project
is doing. In this context, the cost performance is against measured which of the
following budget amounts?
A. $180,000
B. $160,000
C. $20,000
D. $140,000
Hint:The Cost Baseline includes all authorized budgets.The Cost Baseline is used to measure the
Cost Performance of the project.
Sample PMP® Exam Question

12. The correct answer is B
Explanation: Cost Performance is measured against
authorized budget. Management Reserves are not added
to the Cost Performance Baseline and are not used for
measuring cost performance.
Answer and Explanation