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PMI-001 PDF DEMO:
QUESTION NO: 1
Taking the following table into account, where would corrective action be MOST effective when you make use of Pareto's Rule?
Origin of Problem Percent of Problems
Design 60
Development 15
Prototype 10
Testing 10
Fabrication 5
A. Development
B. Prototype
C. Fabrication
D. Design
E. Testing
Answer: D
QUESTION NO: 2
Which of the following describes Fast Tracking?
A. Circumventing loopholes.
B. Developing workarounds for previous problems.
C. Increased project risk.
D. Getting people to work longer hours in overtime.
E. Meeting schedule objectives by adding resources.
Answer: C
QUESTION NO: 3
Which of the following are included in cost control? (Choose all that apply.)
A. Informing stakeholders of changes.
B. Preparing cost estimates.
C. Recording appropriate changes to the cost baseline.
D. Monitoring cost performance.
Answer: A, C, D
QUESTION NO: 4
Which of the following statements depicts the key difference between contract close-out and administrative closure?
A. Contract close-out formalizes project completion.
B. Contract close-out includes product verification.
C. Contract close-out includes updating records with final results.
D. Administrative closure includes procurement audits.
E. None of the above.
Answer: B
QUESTION NO: 5
Which of the following factors are NOT included in cost control?
A. Preparation of cost estimates.
B. Informing stakeholders of changes.
C. Monitoring cost performance.
D. Recording appropriate changes to the cost baseline.
Answer: A
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Updated: May 27, 2022