[Jul-2023 Newly Released] Pass PMP Exam - Real Questions & Answers [Q138-Q161]

12 Jul, 2023 By admin PMP, PMI 0 Comments

[Jul-2023 Newly Released] Pass PMP Exam – Real Questions & Answers [Q138-Q161]

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[Jul-2023 Newly Released] Pass PMP Exam – Real Questions and Answers

Pass PMP Review Guide, Reliable PMP Test Engine

The PMP exam is designed to test a project manager’s ability to apply project management knowledge and skills in real-world scenarios. PMP exam content is based on the Project Management Body of Knowledge (PMBOK) guide, which is a globally recognized standard for project management practices. PMP exam covers five domains: initiating, planning, executing, monitoring and controlling, and closing. PMP exam consists of 180 multiple-choice questions that must be completed in four hours. To be eligible for the exam, candidates must have a minimum of three years of project management experience, with at least 4,500 hours of leading and directing projects, and 35 hours of project management education.

PMI PMP certification exam is updated periodically to reflect the current trends and best practices in project management. The latest version of the exam, the PMI PMP (Project Management Professional (2022 Version)) Certification Exam, is designed to test the knowledge and skills required for project managers to succeed in today’s dynamic and complex business environment. The new exam includes new topics such as agile and hybrid methodologies, stakeholder management, and benefits realization management.

NEW QUESTION 138
During the initiating phase of a project, a key stakeholder requests frequent changes to the project scope What should the project manager do to improve the stakeholder’s engagement?

Discuss the work breakdown structure (WBS) with the key stakeholder and refine the requirements

Update the project backlog and discuss it with the key stakeholder

Update the project charter and discuss it with the key stakeholder.

Discuss the project scope statement with the key stakeholder and build prototypes

NEW QUESTION 139
Budgets reserved for unplanned changes to project scope and cost are:

Contingency reserves.

Management reserves.

Authorized budgets.

Cost baselines.

NEW QUESTION 140
Cost aggregation, reserve analysis, funding limit reconciliation, and parametric estimating are tool/ techniques of which process?

Cost budgeting

Cost estimating

Activity duration estimating

Cost control

Activity resource estimating

NEW QUESTION 141
You have been directed to establish a change control system for your company, but must convince your colleagues to use it. To be effective, the change control system must include______________.

Procedures that define how project documents may be changed

Specific change requests expected on the project and plans to respond to each one

Performance reports that forecast project changes

A description of the functional and physical characteristics of an item or system

Explanation/Reference:
Explanation:
A change control system is a collection of formal, documented procedures that define the process used to control change and approve or reject changes to project documents, deliverables, or baselines. It includes the paperwork, tracking systems, and approval levels necessary to authorize changes.

NEW QUESTION 142
During a project, several risks are identified. The project manager wants to determine what risks will have the most potential impact. What should the project manager use to determine this?

Sensitivity analysis

Expert judgment

Probability distributions

Interviewing

NEW QUESTION 143
The primary communication skills you will use in working with your project sponsor will be:

Problem solving

Negotiating

Team building

Public relations

NEW QUESTION 144
Which type of project management office (PMO) supplies templates, best practices, and training to project teams?

Supportive

Directive

Controlling

Instructive

Section: Executing

NEW QUESTION 145
As the leader of a project team, the project manager may be required to assess the competencies of his or her team members. Occasionally, some weaknesses or areas for improvement will be identified. The project manager should:

Communicate those weaknesses and establish a performance improvement program

Remove any team members who have demonstrated weaknesses in critical knowledge areas

Hire additional resources to compensate for weak areas

Wait for the team members to fail in an assignment to justify termination

NEW QUESTION 146
A new project manager was assigned to a project during implementation The project manager realized that new tax policies are creating a risk for a cost overrun by 25% The project manager updated the risk register and kept the project running as normal The CEO has announced that the project could be cancelled since the acceptable cost overrun is only 20%. The project manager was quite surprised as this was new information What should the project manager have done to avoid this?

Ensured the risk tolerance of the company was property updated

Implemented the communications management plan properly

Implemented the stakeholder engagement plan correctly.

Provided a proper risk response

NEW QUESTION 147
Your project is now under way, and you are working with your team to prepare your requirements management plan. Which of the following strongly influences how requirements are managed?

The phase-to-phase relationship

A set of procedures by which project scope and product scope may be changed

Requirements traceability matrix

Requirements documentation

Explanation/Reference:
Explanation:
The requirements management plan defines how requirements will be analyzed, documented, and managed. It is strongly influenced by the phase-to-phase relationship. The project manager selects the most effective relationship for the project and documents it in the plan.

NEW QUESTION 148
Which of the following is an input of the Define Activities process?

Scope baseline

Milestone list

Resource calendars

Activity list

Section: Executing

NEW QUESTION 149
A protect manager is working with the team lo deliver a project in a company that uses different delivery methods. The project manager is concerned about the communication channels currently suggested by the project management office (PMO) because some information is taking too much time to reach the team members causing negative consequences for delivery How should the project manager avoid this situation in the future?

Use the same methods until the end of the current delivery and suggest new ones during the retrospective.

Refer to the policies and frameworks used at the company enterprise level and inform the project team members.

Tell the sponsor that the project manager will use their own communication model to ensure on-time delivery.

Agree with the project team on a suitable collaboration and make sure information is shared at all times

NEW QUESTION 150
When a permitting agency takes longer than planned to issue a permit, this can be described as a risk:

event.

response.

perception.

impact.

Section: Monitoring and Controlling

NEW QUESTION 151
There have been several rounds of layoffs at your company. Now your project team is worried about their job security, and you’ve noticed that their performance has decreased significantly because of it. This is predicted by which motivational theory?

McLellands Achievement Theory

Herzberg’s Motivation-Hygiene Theory

Maslow’s Hierarchy of Needs

McGregor’s Theory of X and Y

Maslow’s Hierarchy of Needs says that people have needs, and until the lower ones (like acceptance on the team, job safety or job security) are satisfied they won’t even begin to think about the higher ones (fulfilling their potential and making a contribution).

NEW QUESTION 152
Which of the following best describes the following organizational structure? Exhibit:

Projectized Org

Functional Org

Strong Matrix Org

Weak matrix Org

Balanced Matrix Org

NEW QUESTION 153
The process for performing variance analysis may vary, depending on:

scenario building, technology forecasting, and forecast by analogy.

working relationships among various stakeholders and team members.

application area, the standard used, and the industry.

work to be completed next.

Section: Closing
Explanation

NEW QUESTION 154
Douglas McGregor’s Theory Y advocates that the average worker:

Avoids increased responsibility

Dislikes work and avoids it whenever possible

None of the other alternatives apply

Wants self-respect

Must be closely supervised and even threatened with punishment

NEW QUESTION 155
An organization is transitioning to an agile approach. At the project’s first sprint review, the product owner did not accept the result of the sprint and has some concerns.
What should the project manager do?

Organize a sprint retrospective and discuss the issues and how they can be avoided in the next sprint.

Ask the project team to address the product owner’s issues since the product owner is responsible for the scope in agile.

Ask the product owner to accept the outcome since the team delivered what was agreed in the sprint planning.

Create a record in the issue register and escalate the issue to the project steering committee.

NEW QUESTION 156
During a project, some products are acquired. The buyer and seller have agreed on a cost plus fixed fee (CPFF) contract. However, the project manager is concerned about the risks posed to the buyer associated with this type of contract.
Which contract type should have been used to lower risk for the buyer?

Cost plus award fee (CPAF)

Cost plus incentive fee (CPIF)

Firm fixed price (FFP)

Fixed price incentive fee (FPIF)

NEW QUESTION 157
Your spouse works for a vendor and the vendor bidding on a project at your company. You are not affiliated with the specific project team evaluating bids but you are part of the executive project management team. What do you do?

Inform the vendor of the relationship

Both 1) Inform your company of the relationship and 2) Inform the vendor of the relationship

None of the other alternatives apply.

Inform your company of the relationship

It is your responsibility to disclose to both the vendor and your company.

NEW QUESTION 158
A project in the execution phase is behind schedule and is missing some materials The contractor submits an offer to supply the missing materials and reimburse the cost since the internal procurement process will cause more delay The project manager does not agree with the costs submitted by the contractor for the missing materials What should the project manager do next?

Ask the project sponsor to allocate more budget to cover the costs

Update the procurement management plan and negotiate with the contractor.

Ask the contractor to review the offer and reduce the costs.

Update the procurement strategy and negotiate with the contractor

NEW QUESTION 159
Risk can be divided into two basic types; business risk and pure (or insurable risk). Of the following, which one(s) fall(s) under business risk?

direct property loss

personnel-related loss

Direct property loss and profit loss.

liability loss

profit loss

NEW QUESTION 160
Another name for an Ishikawa diagram is:

cause and effect diagram.

control chart.

flowchart.

histogram.

Section: Executing

NEW QUESTION 161
During project planning, the project manager wants to transfer as many cost overrun risks as possible to the supplier What type of contract should the project manager use’?

Cost plus fixed fee (CPFF)

Cost plus incentive fee (CPlF)

Firm fixed price (FFP)

Fixed price with economic price adjustment (FPEPA)

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