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? The Expected Monetary Value for the project is:Įxpected Monitory Value (EMV) is computed by EMV = Probability × Impact.Ĭompute both positive and negative values and then add them:Ġ.6 × $100,000 = $60,000 0.4 × $100,000 = $40,000 EMV = $60,000 - $40,000 = $20,000 profitĢ. A project has a 60% chance of a $100,000 profit and a 40 percent of a US $100,000 loss. 25 Examples of PMP Questions and Answers 1. Enroll in our PMP® Certification Course today and develop a strong foundation in the principles of project management. The passing score for the exam is almost 61 percent (106 questions correct out of 175 scored questions). 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 exam consists of 200 multiple choice questions that outline the five process groups (Initiation, Planning, Executing, Monitoring and Controlling, and Closing) and nine knowledge areas (Integration, Scope, Time, Cost, Quality, Human Resource, Communication, Risk, and Procurement). The PMP®, or Project Management Professional, is an exam conducted by the Project Management Institute (PMI)®, is a globally recognized certification.

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