PMP Exam Sample Questions Set 1

PMP® Sample

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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.

Sample PMP® Exam Question

HINT: A risk acceptance strategy is adopted because it is seldom possible to eliminate all threats from a project. One of the risk acceptance strategies is performed in the early stages of planning. Find the option which is performed during planning.

The correct answer is C

The most common risk acceptance strategy in a project is to establish contingency reserves.

Answer and Explanation

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 Baselineb.Schedule Datac.Project documentsd.Project scope statement

Sample PMP® Exam Question

HINT: Alternative schedules are output of develop schedule process. Look for the outputs of develop schedule process to see where these schedules are stored.

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.

Answer and Explanation

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.Mitigateb.Avoidc.Acceptd.Transfer

Sample PMP® Exam Question

HINT: Tim is shifting the negative impact of the risk.

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.

Answer and Explanation

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.

Sample PMP® Exam Question

HINT: Look for the “least strange” answer.

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.

Answer and Explanation

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 WBSb.Define Scopec.Define Activitiesd.Create Project Management Plan

Sample PMP® Exam Question

HINT: Estimating is performed when the activities are defined and the schedule is prepared.

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.

Answer and Explanation

You are considering using WBS templates to create your project's WBS. Where would you most likely find these templates?

a.PMI's Practice Standard for WBSb.Microsoft Project Web Sitec.Organizational Process Assetsd.All of the above

Sample PMP® Exam Question

HINT: Get your mind out of the PMBOK Guide and think freely for this question.

The correct answer is D

This question isn't 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.

Answer and Explanation