Free PMP Practice Exams, Basic Test 4: Test Your Knowledge on these free basic PMP principles before going to harder topics 1. What type of estimate has a variance of -25% to +75% and is typically used in early project phases? Definitive estimate Rough order of magnitude estimate Materials estimate Detail estimate 2. What process involves ranking risks based on probability and impact? Plan risk response Perform quantitative risk analysis Perform qualitative risk analysis Rank Risk 3. How is the Product Backlog prioritized in Agile? By value By cost By regulation By schedule 4. A project must be completed by a specific date to avoid being scrapped. What does this represent? Project work Project scope Project requirement Project constraint 5. A sponsor wants to avoid team member overwork and accepts potential project delays. What resource management technique aligns with this? Resource leveling Resource smoothing Free float Lag 6. What tool is used to determine the project budget by combining activity costs? Parametric estimation Expert judgment Bottom-up estimation Cost aggregation 7. A stakeholder requests a change outside the project scope. What’s the project manager’s best course of action? Inform the stakeholder that the change will incur a significant cost and time increase Ignore the change request Pass the change to change control board Inform the stakeholder that this change request should be considered a new project 8. What should a project manager do after the project management plan is approved? Inform senior management Hold a kickoff meeting Get all deliverables accepted Update the functional managers 9. A project is canceled before completion. What’s the project manager’s immediate action? Immediately released the team and start working on the new project Inform the project team, conduct a lesson learned session, and formally release the team from the project Inform management that the project cannot stop because it already started Return to planning to understand why the project might have been terminated 10. A project manager consults with industry experts to address project challenges. Which tool/technique is being used? Expert judgment Focus groups Questionnaires and surveys Brainstorming Loading …
