How to get PMP practice exams?
The PMP, or Project Management Professional, is an exam which is carried out by the Project Management Institute (PMI). PMP is a globally recognized certification. The exam would be consisting of 200 MCQs that were outlining the five process groups, namely Initiation, Planning, Executing, Monitoring and Controlling, and Closing but now is focused on three domains namely, People, Process and Business Environment. For more details, you must check out the SPOTO PMP Exam Dumps.
Here are some PMP practice exam questions and answers for the candidates who are preparing for PMP Certification exam:
1. A project has a 40 percent of a incurring US $100,000 loss and a 60% chance of earning $100,000 profit. The EMV or Expected Monetary Value for the project would be:
A. $100,000 profit
B. $60,000 loss
C. $ 20,000 profit
D. $40,000 loss
Answer:
Expected Monitory Value (EMV) is calculated by EMV = Probability × Impact.
Calculating both positive as well as negative values and then adding them:
$60,000 0.4 × $100,000 = 0.6 × $100,000 = $40,000 EMV = $60,000 - $40,000 = $20,000 profit. Thus our Answer is C.
2. Presumptuous that the ends of a range of estimates would be +/- 3 sigma from the mean, which of the following range estimates would be involving the LEAST risk?
A. 30 days, plus or minus 5 days
B. 22 – 30 days
C. Pessimistic = 33 days, most likely = 30 days, Optimistic = 26 days
D. Mean of 28 days
Answer: The estimate with the smallest range would be less risky. Thus our Answer here is C.
3. If risks possess about 20% chance of happening in a specified month, and the project is expected to last five months, what is the probability that the risk event will happen during the 4th month of the project?
A. Less than 1 percent
B. 20 percent
C. 60 percent
D. 80 percent
Answer: If there would be a 20 percent chance in any one month, the chance in the fourth month should therefore be 20 percent. Thus our Answer is B.
4. An accepted deadline for project approaches. However, the project manager realizes only 75% of the work has been accomplished. The project manager then issues a change request. What should the change request authorize?
A. Additional resources using the contingency fund
B. Escalation approval to use contingency funding
C. Team overtime to meet schedule
D. Corrective action based on causes
Answer: Our Answer here is D. Corrective action based on causes
5. The risk will be acknowledged during which risk management process(es)?
A. Perform Quantitative Risk Analysis and Identify Risks
B. Identify Risks and Monitor and Control Risks
C. Perform Qualitative Risk Analysis and Control and Monitor Risks
D. Identify Risks
Answer: Our Answer here is B. This is considered to be a tricky question. Risks would be identified during the Identify Risk process, naturally, but latest emerging risks would be identified in the Monitor as well as Control Risks process.
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