PMP - Measurement Performance Domain Sample Questions

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* 1. Your organization has recently won a major airport construction project. The timelines on the project are tight and the only way to achieve the target is by fast-tracking all project procurements. Your organization has very specific procurement processes that must be followed. Historically these processes have been time-consuming and highly variable and this is a major risk on your project. How should you manage this risk?

Optimize organizational procurement processes.

Issue a change request for extension of time.

Analyze required lead times and initiate procurements accordingly.

Issue a change request to bypass the organizational procurement processes.

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* 2. Joe is managing a technology platform upgrade project. The project was initiated as the currently deployed technology was getting obsolete from the market. Joe is currently estimating activity durations for his project. Which of the following should he consider while performing this activity?

While calculating the duration of schedule activities, differences in staff capabilities should be taken into consideration. A senior staff member will generally be expected to finish an activity in 80 percent of the time that a junior member.

While calculating the duration of schedule activities, differences in the capabilities of staff assigned should not be taken into consideration. All senior and junior staff should be given equal weight.

While calculating the duration of schedule activities, differences in staff capabilities should be taken into consideration.

While calculating the duration of schedule activities, an average should be used and the actual differences in the capabilities of staff assigned should not be taken into consideration.

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* 3. Variance analysis refers to cost performance measurements used to determine the magnitude of variation in comparison to the original cost baseline. What is the trend on the percentage range of acceptable variances as the project progresses?

The percentage range of acceptable variances will tend to decrease first and then increase as the project progresses beyond 50 percent completion.

The percentage range of acceptable variances remain the same as the project progresses.

The percentage range of acceptable variances will tend to decrease as the project progresses.

The percentage range of acceptable variances will tend to increase as the project progresses.

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* 4. You are conducting a feasibility analysis of multiple available options to deliver a certain capability to the organization. Each of the available options involves an upfront initial investment followed by periodic maintenance costs. Further each option promises a different revenue stream for the business. Which of the following analytical techniques evaluates investment potential considering time-value of money?

Discounted cash flow

Monte Carlo technique

Earned value management

Pareto analysis

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* 5. You have completed a number of projects in your organization and have used analogous estimating for all projects. For an upcoming project, the team has recommended trying parametric estimating. Which of the following is not an example of parametric estimating?

Activity duration estimated based on the number of labor hours per meter for cable installation.

Activity duration estimated based on the actual duration of a similar, previous project.

Activity duration estimated based on the square footage in construction.

Activity duration estimated based on the number of drawings multiplied by the number of labor hours per drawing.