Your contractor says that he cannot fulfill the terms of the contract due to a specific clause you both had signed the contract. An earthquake damaged your construction project. If a risk event has a 90 percent chance of occurring, and the consequences will be the US $ 10,000, what does the US $9,000 represent?ĮMV =. You must inform your boss about this relationship. There is a conflict of interest in this situation. You will try not to give the contract to him to prove your integrity.You will resign immediately from the bidding process.You will disclose this relationship to your management.You will pass some confidential info to him.During a bidder conference, you see that one bidder is your close friend. The project manager meets with the project team to review lessons learned from previous projects. Reference: The PMBOK® Guide, 5th Edition, Ĩ. A Program is a group of unrelated projects.A Program is a group of related projects.Which of the following statement is true about a Program? The RACI chart is an example of the Responsibility Assignment Matrix (RAM), which shows the relationship between activities and the team members. Responsible, Accountable, Consulted, Inform.Responsible, Accountant, Consulted, Inform.Recommended, Accountable, Consulted, Inform.Responsible, Accountable, Confirm, Inform.Reference: The PMBOK® Guide, 5th Edition,, Figure 11.1 Perform Qualitative Risk Analysis and Monitor and Control Risks.Identify Risks and Monitor and Control Risks.Perform Quantitative Risk Analysis and Identify Risks.The risk will be identified during which risk management process(es)? Escalation approval to use contingency fundingĥ.Additional resources using the contingency fund.What should the change request authorize? The project manager then issues a change request. However, the project manager realizes only 75% percent of the work has been completed. An accepted deadline for project approaches. If a risk has a 20 percent chance of happening in a given month, and the project is expected to last five months, what is the probability that the risk event will occur during the fourth month of the project?Ĥ. The estimate with the smallest range is less risky. Optimistic = 26 days, most likely = 30 days, pessimistic = 33 days.Assuming that the ends of a range of estimates are +/- 3 sigma from the mean, which of the following range estimates involves the LEAST risk?

Interested in learning more? View Simplilearn's video on “Introduction to PMP Certification Training” to understand the requirements and guidelines for the PMP examination.Ģ. Some questions may include scenario-based or situational questions, and some may require calculations or interpretation of data. The questions test the candidate's knowledge, comprehension, application, analysis, and synthesis of project management principles and practices. The passing score for the exam is almost 61 percent (106 questions correct out of 175 scored questions).The questions are categorized into five process groups: Initiating, Planning, Executing, Monitoring and Controlling, and Closing. Pretest questions appear randomly during the exam, do not affect the candidate’s score, and are used in examinations as an effective way to increase the number of examination questions that can be used in future PMP exams. Of the 200 questions, 25 of them are pretest questions. The PMP exam consists of 200 multiple-choice questions.

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