PMP Exam Prep—Questions, Answers & Explanations, 2013 Edition PMP Exam Prep: Questions, Answers & Explanations, 2013 Edition by Christopher Scordo SSI Logic © 2013 Citation Recommend? PMP Exam Prep—Questions, Answers & Explanations, 2013 Edition Christopher Scordo, PMP, ITIL Professional. Measurable. Realistic. Copyrighted Material © Copyright 2013 by SSI Logic. Printed and bound in the United States of America. All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, or incorporated into any information retrieval system, electronic or mechanical, without the written permission of the copyright owner. Edition 2013. Although the author and publisher of this work have made every effort to ensure accuracy and completeness of content entered in this book, we assume no responsibility for errors, inaccuracies, omissions, or inconsistencies included herein. Any similarities of people, places, or organizations are completely unintentional. Published by SSI Logic Looking for more PMP exam prep tools? Visit us at www.PMPerfect.com ISBN 10: 1489521577 ISBN 13: 9781489521576 All inquiries should be addressed via email to: [email protected] or by mail post to: SSI Solutions, INC 340 S Lemon Ave #9038 Walnut, CA 91789 "PMI", "PMP", "PgMP", "CAPM", and "PMBOK Guide" are registered marks of Project Management Institute, Inc. Introduction Welcome Chapter List Table of Contents PMP Exam Prep—Questions, Answers & Explanations, 2013 Edition Introduction Welcome PMP Exam Overview Practice Exams and Quizzes PMP Lite Mock Exam 1 Practice Questions—Answer Key and Explanations Knowledge Area Quiz Project Management Framework Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 2 Practice Questions—Answer Key and Explanations Knowledge Area Quiz Project Integration Management Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 3 Practice Questions—Answer Key and Explanations Knowledge Area Quiz Project Scope Management Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 4 Practice Questions—Answer Key and Explanations Knowledge Area Quiz Project Time Management Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 5 Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 6 Practice Questions—Answer Key and Explanations Knowledge Area Quiz Project Cost Management Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 7 Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 8 Practice Questions—Answer Key and Explanations Knowledge Area Quiz Project Quality Management Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 9 Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 10 Practice Questions—Answer Key and Explanations Knowledge Area Quiz Project Human Resource Management Practice Questions— Answer Key and Explanations PMP Lite Mock Exam 11 Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 12 Practice Questions—Answer Key and Explanations Knowledge Area Quiz Project Communications Management Practice Questions— Answer Key and Explanations PMP Lite Mock Exam 13 Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 14 Practice Questions—Answer Key and Explanations Knowledge Area Quiz Project Risk Management Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 15 Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 16 Practice Questions—Answer Key and Explanations Knowledge Area Quiz Project Procurement Management Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 17 Practice Questions—Answer Key and Explanations PMP Lite Mock Exam 18 Practice Questions—Answer Key and Explanations Knowledge Area Quiz Project Stakeholder Management Practice Questions—Answer Key and Explanations PMP Focus Area Test - Professional and Social Responsibility Practice Questions— Answer Key and Explanations PMP Formula Cheat Sheet PMP Formulas Additional Resources Exam Taking Tips Welcome Thank you for selecting SSI Logic's PMP® Exam Prep – Questions, Answers, and Explanations for your PMP study needs. The goal of this book is to provide condensed mock exams and practice tests which allow you to become comfortable with the pace, subject matter, and difficulty of the PMP exam. The content in this book is designed to optimize the time you spend studying in multiple ways. 1. Practice exams in this book are condensed to be completed in one hour; allowing you to balance your time between practice tests and offline study. 2. Passing score requirements in this book are slightly higher than the real exam; allowing you to naturally adjust to a higher test score requirement. 3. Practice exams included in this book cover the entire scope of the PMP exam, while shorter quizzes focus only on specific Knowledge Areas outlined in the PMBOK® Guide. The practice exam content in this book is structured into two general types of exam preparation:  "Lite" Mock Exams, which allow you to test your knowledge across condensed versions of the PMP exam; designed to be completed within one hour.  Knowledge Area Quizzes, which reflect brief practice tests focused on specific Knowledge Areas outlined in the PMBOK® Guide designed to be completed in 15 minutes. We wish you the best of luck in your pursuit to become a certified PMP. PMP Exam Updates as of July 31, 2013 This book reflects the updated version of the PMP exam put into place worldwide starting July 31st, 2013. While many refinements have been applied to the material to be tested on, a new Knowledge Area, Project Stakeholder Management, represents one of the more significant additions students should be aware of. Please note: The PMBOK® Guide – Fifth Edition is the definitive reference text for the PMP certification exam. To accommodate the updated exam format, this book has been revised extensively so that exam updates are taken into account. All mock exams have been revised to align with the updated exam format, and a dedicated "Focus Area Test" has been added specifically for Project Stakeholder Management. Further, an additional focus on Project Stakeholder Management exists appropriately throughout the baseline practice exams in this book. PMP Exam Overview The PMP practice questions in this book reflect the PMP exam version updated July 31, 2013; and based on the content contained within the PMBOK® Guide – Fifth Edition. About the Project Management Professional (PMP) Certification The PMP certification is managed by the Project Management Institute (PMI®) and reflects the PMI's project management processes as published in the PMBOK® Guide. Since 1984, the PMP certification has become one of the most sought after internationally recognized management credentials available. The average salary of a PMP certified manager is 14% higher than individuals without the PMP certification. The PMP certification is a globally recognized credential, and individuals are encouraged to remain active via PMI's Continuing Certification Requirements (CCRs). Only individuals who maintain active PMP credentials may refer to themselves as Project Management Professionals. Individuals do not need to be a member of PMI to earn a PMP credential. The minimum requirements in attaining the PMP certification:  Education: At a minimum, A high school diploma is required  Project management experience o 36 months and 4500 hours of professional experience for individuals with a Bachelor's degree or global equivalent (within the past 8 years) o 60 months and 7500 hours of professional experience for individuals without a Bachelor's degree or equivalent (within the past 8 years)  Project Management Education: 35 contact hours of formal education  Ethics: Agree to PMI's Code of Ethics and Professional Conduct  Pass the PMP Exam The Ten Knowledge Areas of the PMBOK® Guide The ten knowledge areas outlined in the PMBOK® Guide and covered by the PMP exam are listed below.  Project Integration Management  Project Scope Management  Project Time Management  Project Cost Management  Project Quality Management  Project Human Resource Management  Project Communications Management  Project Risk Management  Project Procurement Management  Project Stakeholder Management Additionally, the PMP practice exam content in this book include questions on the overall Project Management Framework and Professional Responsibility; reflecting the real PMP exam. The nine knowledge areas contain a total of 47 processes which are applied to five basic process groups. These five basic process groups, or "domains", are common across all projects and listed below along with the percentage of questions one should expect on the PMP exam: 1. Initiating (13%) 2. Planning (24%) 3. Executing (30%) 4. Controlling and Monitoring (25%) 5. Closing (8%) Chapter List Chapter 3: PMP Lite Mock Exam 1 Practice Questions—Answer Key and Explanations Chapter 4: Knowledge Area Quiz: Project Management Framework Practice Questions— Answer Key and Explanations Chapter 5: PMP Lite Mock Exam 2 Practice Questions—Answer Key and Explanations Chapter 6: Knowledge Area Quiz: Project Integration Management Practice Questions— Answer Key and Explanations Chapter 7: PMP Lite Mock Exam 3 Practice Questions—Answer Key and Explanations Chapter 8: Knowledge Area Quiz: Project Scope Management Practice Questions—Answer Key and Explanations Chapter 9: PMP Lite Mock Exam 4 Practice Questions—Answer Key and Explanations Chapter 10: Knowledge Area Quiz: Project Time Management Practice Questions—Answer Key and Explanations Chapter 11: PMP Lite Mock Exam 5 Practice Questions—Answer Key and Explanations Chapter 12: PMP Lite Mock Exam 6 Practice Questions—Answer Key and Explanations Chapter 13: Knowledge Area Quiz: Project Cost Management Practice Questions—Answer Key and Explanations Chapter 14: PMP Lite Mock Exam 7 Practice Questions—Answer Key and Explanations Chapter 15: PMP Lite Mock Exam 8 Practice Questions—Answer Key and Explanations Chapter 16: Knowledge Area Quiz: Project Quality Management Practice Questions—Answer Key and Explanations Chapter 17: PMP Lite Mock Exam 9 Practice Questions—Answer Key and Explanations Chapter 18: PMP Lite Mock Exam 10 Practice Questions—Answer Key and Explanations Chapter 19: Knowledge Area Quiz: Project Human Resource Management Practice Questions—Answer Key and Explanations Chapter 20: PMP Lite Mock Exam 11 Practice Questions—Answer Key and Explanations Chapter 21: PMP Lite Mock Exam 12 Practice Questions—Answer Key and Explanations Chapter 22: Knowledge Area Quiz: Project Communications Management Practice Questions—Answer Key and Explanations Chapter 23: PMP Lite Mock Exam 13 Practice Questions—Answer Key and Explanations Chapter 24: PMP Lite Mock Exam 14 Practice Questions—Answer Key and Explanations Chapter 25: Knowledge Area Quiz: Project Risk Management Practice Questions—Answer Key and Explanations Chapter 26: PMP Lite Mock Exam 15 Practice Questions—Answer Key and Explanations Chapter 27: PMP Lite Mock Exam 16 Practice Questions—Answer Key and Explanations Chapter 28: Knowledge Area Quiz: Project Procurement Management Practice Questions— Answer Key and Explanations Chapter 29: PMP Lite Mock Exam 17 Practice Questions—Answer Key and Explanations Chapter 30: PMP Lite Mock Exam 18 Practice Questions—Answer Key and Explanations Chapter 31: Knowledge Area Quiz: Project Stakeholder Management Practice Questions— Answer Key and Explanations Chapter 32: PMP Focus Area Test: Professional and Social Responsibility Practice Questions—Answer Key and Explanations Exam 1 Test Questions 1. Daniel is managing the development of an ecommerce website for his organization. Daniel enjoys coercive powers and has assigned Julie, a project team member, to facilitate the team meetings. During any team meeting, Julie must? A. Influence team members to support the project manager's decisions B. Support the team members to challenge the project manager's decisions C. Negotiate with team members to achieve the project objectives D. Remain neutral and facilitate the meetings 2. You are a consulting project manager and have been contracted by an investment bank to run a large information technology project that is expected to last 15 months. During the Direct and Manage Project Work process, you discover that several regulatory requirements have not been addressed in the project management plan. Failure to meet these requirements could result in legal action against the company. However, implementing the technology to comply with these regulations exceeds the budget and scope of the project, and could result in the cancellation of the project. What should you do? A. Submit a change request to incorporate the missed requirements to the project's scope. B. Do not do anything as these requirements are not a part of the scope baseline. C. Request additional funds to implement these requirements. D. This is a classical example of scope creep and such requirements must be ignored. 3. A fundamentally functional organization creates a special project team to handle a critical project. This team has many of the characteristics of a project team in a project organization and has a Project manager dedicated to the project. Such an organization would be called: A. A projectized organization B. A functional organization. C. A strong matrix organization D. A composite organization 4. As you are creating the Activity List, which technique is recommended for subdividing the project into smaller components called activities? A. Decomposition B. Rolling Wave Planning C. Expert judgment D. Deconstruction 5. Linda has been assigned to establish a PMO in her organization. Linda believes that this project cannot be successful unless all of the key project stakeholders support the project. She also believes that she needs to pay special attention on stakeholder management to ensure success of this project. As the first step, she needs to develop her stakeholder register. Which of the following processes must be started by Linda to produce the project stakeholder register? A. Plan Stakeholder Management B. Control Stakeholder Engagement C. Identify Stakeholders D. Manage Stakeholder Engagement 6. The Create WBS process identifies the deliverables at the __________ level in the Work Breakdown Structure (WBS). A. Lowest B. Any C. Tenth D. Highest 7. What is the primary risk with including reserves or contingency allowances in your cost estimate? A. Cancelling your project B. Understating the cost estimate C. Overstating the cost estimate D. Tracking the funds 8. Which of the following statements most accurately describes a project scenario? A. Changes in project scope during the initial phases of the project are very expensive. B. The influence of the stakeholders is the same all through the project. C. Staffing peaks up during the execution phase of a project. D. The next phase of a project should never start until the deliverables for the previous phase have been completely reviewed and approved. 9. Which of the following is not an organizational process asset that is used during the Plan Human Resource Management process? A. Template for organizational charts B. Template for position descriptions C. Standardized role descriptions D. Standardized stakeholder list 10. W ith the establishment of a PMO in an organization, the project