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PMI-001 Practice Questions

Project Management Professional v5

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Total Questions : 918

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Question # 131

A purchase order for a specified item to be delivered by a specified date for a specified price is the simplest form of what type of contract?

Options:

A.  

Cost-reimbursable

B.  

Time and material

C.  

Fixed price or lump-sum

D.  

Cost-plus-fixed-fee

Discussion 0
Question # 132

Which of the following statements is true regarding project and product lifecycles?

Options:

A.  

A single product lifecycle may consist of multiple project lifecycles.

B.  

A product lifecycle is always shorter than the project lifecycle.

C.  

A single product lifecycle can only have one project lifecycle.

D.  

A single project lifecycle may consist of multiple product lifecycles.

Discussion 0
Question # 133

Activity resource requirements and the resource breakdown structure (RBS) are outputs of which Project Time Management process?

Options:

A.  

Control Schedule

B.  

Define Activities

C.  

Develop Schedule

D.  

Estimate Activity Resources

Discussion 0
Question # 134

Who is responsible for developing the project management plan and all related component plans?

Options:

A.  

Project team

B.  

Portfolio manager

C.  

Project manager

D.  

Project management office

Discussion 0
Question # 135

Ensuring that both parties meet contractual obligations and that their own legal rights are protected is a function of:

Options:

A.  

Conduct Procurements.

B.  

Close Procurements.

C.  

Administer Procurements,

D.  

Plan Procurements.

Discussion 0
Question # 136

Which tool or technique of the Define Activities process allows for work to exist at various levels of detail depending on where it is in the project life cycle?

Options:

A.  

Historical relationships

B.  

Dependency determination

C.  

Bottom-up estimating

D.  

Rolling wave planning

Discussion 0
Question # 137

The three types of estimates that PERT uses to define an approximate range for an activity’s cost are:

Options:

A.  

Parametric, most likely, and analogous.

B.  

Least likely, analogous, and realistic.

C.  

Parametric, optimistic, and pessimistic.

D.  

Most likely, optimistic, and pessimistic.

Discussion 0
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