Free PMP Practice Exams, Basic Test 3: Test Your Knowledge on these free basic PMP principles before going to harder topics 1. Money already spent on a project is called? Spent cost Sunk cost Opportunity cost Project budget 2. A project manager adds resources to finish a project earlier. What schedule compression technique is being used? Crashing Schedule variance Fast tracking Critical path method 3. What’s the primary benefit of Agile over traditional project management? Agile project requires funding up front Agile delivers value incrementally Traditional delivers values all up front Traditional delivers value at the beginning 4. What document shows the availability of project resources? Resource calendar Project team calendar Lessons learned register Availability calendar 5. A prototype smartphone has defects. What tool can help identify the root causes? Assumptions analysis Histograms Inspections Ishikawa diagram 6. A project team discovers a faster server installation method. Where should this information be documented? Opportunity register Risk register Knowledge management register Lessons learned register 7. A project manager resolves team conflicts. What process is being performed? Acquire Team Manage Team Control Resources Control Scope 8. What is the project manager’s ideal role in conflict resolution? Dictator Director Advisor Facilitator 9. A project manager wants to compare project performance against industry best practices. What tool is most relevant? Plan quality management Collect requirements Benchmarking Meetings 10. There are disputes with a contractor regarding completed work. What should the project manager do first? Review the contract Meet with the project team members to understand their project concerns Contact claims administration Meet with the contractor to understand why there are conflicts Loading …