PMP

Which document describes the necessary information to determine if a project is worth the required investment?A . Cost baselineB . Service level agreementC . Memorandum of understandingD . Business caseView AnswerAnswer: D

What is the risk rating if the probability of occurrence is 0.30 and the impact if it does occur is moderate (0.20)?A . 0.03B . 0.06C . 0.10D . 0.50View AnswerAnswer: B

Which process involves developing an approximation of the monetary resources needed to complete project activities?A . Estimate CostsB . Control CostsC . Determine BudgetD . Plan Cost ManagementView AnswerAnswer: A

The degree of uncertainty an entity is willing to take on in anticipation of a reward is known as its risk:A . managementB . responseC . toleranceD . appetiteView AnswerAnswer: D

Stakeholders can be identified in later stages of the project because the Identify Stakeholders process should be:A . ContinuousB . DiscreteC . RegulatedD . ArbitraryView AnswerAnswer: A

The scope management plan and scope baseline are contained in:A . organizational process assetsB . a requirements traceability matrixC . the project charterD . the project management planView AnswerAnswer: D

Which is a tool or technique used in Define Scope?A . Templates, forms, and standardsB . Change requestsC . Product analysisD . Project assumptionsView AnswerAnswer: C

Which of the following risk response strategies involves allocating ownership of a positive risk to a third party?A . MitigateB . TransferC . ShareD . AvoidView AnswerAnswer: C

Which document in the project management plan can be updated in the Plan Procurement Management process?A . Budget estimatesB . Risk matrixC . Requirements documentationD . Procurement documentsView AnswerAnswer: C

Which of the following is an output of the Define Activities process?A . Activity listB . Project planC . Activity duration estimatesD . Project scheduleView AnswerAnswer: A