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NEW QUESTION 1
The definition of when and how often the risk management processes will be performed throughout the project life cycle is included in which risk management plan component?

  • A. Timing
  • B. Methodology
  • C. Risk categories
  • D. Budgeting

Answer: A

NEW QUESTION 2
Which of the following response strategies are appropriate for negative risks or threats?

  • A. Share, Accept, Transfer, or Mitigate
  • B. Exploit, Enhance, Share, or Accept
  • C. Mitigate, Share, Avoid, or Accept
  • D. Avoid, Mitigate, Transfer, or Accept

Answer: D

NEW QUESTION 3
Which of the following correctly describes when organizations and stakeholders are willing to accept varying degrees of risk?

  • A. Risk analysis
  • B. Risk tolerance
  • C. Risk management
  • D. Risk attitude

Answer: B

NEW QUESTION 4
Which activity may occur at project or phase closure?

  • A. Acceptance of deliverables
  • B. Change requests
  • C. Project management plan updates
  • D. Benchmarking

Answer: A

NEW QUESTION 5
In an organization with a projectized organizational structure, who controls the project budget?

  • A. Functional manager
  • B. Project manager
  • C. Program manager
  • D. Project management office

Answer: B

NEW QUESTION 6
Which of the following is a means of reaching a group decision in which everyone agrees on a single course of action?

  • A. Dictatorship
  • B. Majority
  • C. Plurality
  • D. Unanimity

Answer: D

NEW QUESTION 7
A logical relationship in which a successor activity cannot start until a predecessor activity has finished is known as:

  • A. Start-to-start (SS).
  • B. Start-to-finish (SF).
  • C. Finish-to-start (FS).
  • D. Finish-to-finish (FF).

Answer: C

Explanation: Topic 5, Closing

NEW QUESTION 8
Which statement correctly describes the value of a business case?

  • A. It provides the necessary information to determine if a project is worth the required investment.
  • B. It provides for alternative dispute resolution procedures in event of contract default.
  • C. It offers one of several alternative scenarios which assist in performing qualitative risk analysis.
  • D. It is used to help a project manager understand the scope of commercial advantages.

Answer: A

NEW QUESTION 9
An example of a group decision-making technique is:

  • A. nominal group technique
  • B. majority
  • C. affinity diagram
  • D. multi-criteria decision analysis

Answer: A

NEW QUESTION 10
Which type of contract is a hybrid of both a cost-reimbursable and a fixed-price contract?

  • A. Cost Plus Award Fee Contract (CPAF)
  • B. Firm-Fixed -Price Contract (FFP)
  • C. Time and Material Contract (T&M)
  • D. Cost Plus Incentive Fee Contract (CPIF)

Answer: C

NEW QUESTION 11
Which process is conducted from project inception through completion and is ultimately the responsibility of the project manager?

  • A. Control Quality
  • B. Monitor and Control Project Work
  • C. Control Scope
  • D. Perform Integrated Change Control

Answer: D

NEW QUESTION 12
In Plan Risk Management, which of the management plans determines who will be available to share information on various risks and responses at different times and locations?

  • A. Schedule
  • B. Quality
  • C. Communications
  • D. Cost

Answer: C

NEW QUESTION 13
Which characteristic is unique to project work and does not apply to operational work?

  • A. Performed by individuals
  • B. Limited by constraints
  • C. Temporary
  • D. Performed to achieve organizational objectives

Answer: C

NEW QUESTION 14
Which tool and technique identifies inefficient and ineffective policies, processes, and procedures?

  • A. Scope audits
  • B. Scope reviews
  • C. Quality audits
  • D. Control chart

Answer: C

NEW QUESTION 15
Which process numerically analyzes the effect of identified risks on overall project objectives?

  • A. Plan Risk Management
  • B. Plan Risk Responses
  • C. Perform Quantitative Risk Analysis
  • D. Perform Qualitative Risk Analysis

Answer: C

NEW QUESTION 16
Cost variance (CV) is equal to earned value:

  • A. Minus actual cost [EV - AC].
  • B. Minus planned value [EV - PV].
  • C. Divided by actual cost [EV/AC].
  • D. Divided by planned value [EV/PV].

Answer: A

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