0.6 100,000 60,000 0.4 100,000 40,000 EMV 60,000 - 40,000 20,000

50+ Examples of PMP Questions and Answers

• A project has a 60% chance of a $100,000 profit and a 40 percent of a US

$100,000 loss. The Expected Monetary Value for the project is:

• $100,000 profit
• $60,000 loss
• $ 20,000 profit
• $40,000 loss

Expected Monitory Value (EMV) is computed by EMV = Probability × Impact.

Compute both positive and negative values and then add them:

0.6 × $100,000 = $60,000 0.4 × $100,000 = $40,000 EMV = $60,000 - $40,000 = $20,000

profit

• 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?

• 30 days, plus or minus 5 days
• 22 – 30 days
• Optimistic = 26 days, most likely = 30 days, pessimistic = 33 days
• Mean of 28 days

The estimate with the smallest range is less risky. 1 / 3

• 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?

• Less than 1 percent
• 20 percent
• 60 percent
• 80 percent
• An accepted deadline for project approaches. However, the project

manager realizes only 75% percent of the work has been completed. The project manager then issues a change request. What should the change request authorize?

• Additional resources using the contingency fund
• Escalation approval to use contingency funding
• Team overtime to meet the schedule
• Corrective action based on causes
• The risk will be identified during which risk management process(es)?
• Perform Quantitative Risk Analysis and Identify Risks
• Identify Risks and Monitor and Control Risks
• Perform Qualitative Risk Analysis and Monitor and Control Risks
• Identify Risks
• What is meant by RACI? 2 / 3

• Responsible, Accountable, Confirm, Inform
• Recommended, Accountable, Consulted, Inform
• Responsible, Accountant, Consulted, Inform
• Responsible, Accountable, Consulted, Inform

The RACI chart is an example of the Responsibility Assignment Matrix (RAM), which shows the relationship between activities and the team members.

• Which of the following statement is true about a Program?
• A Program is a group of related projects
• A Program is a group of unrelated projects
• A Program is a part of a big project
• None of the above

Reference: The PMBOK® Guide, 5th Edition, Page 9

• The project manager meets with the project team to review lessons learned

from previous projects. In what activity is the team involved?

• Performance management
• Scope identification
• Risk identification
• Project team status meeting
• During a bidder conference, you see that one bidder is your close friend.

What should your next step be?

• / 3