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PMI Project Management Professional V5 Sample Questions:

1. Which Project Time Management process includes bottom-up estimating as a tool or technique?

A) Develop Schedule
B) Estimate Activity Durations
C) Estimate Activity Resources
D) Sequence Activities

2. Most experienced project managers know that:

A) there is only one way to manage projects successfully.
B) every project requires the use of all processes in the PMBOK@ Guide.
C) project management techniques are risk free.
D) there is no single way to manage a project.

3. 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) 0.03
B) 0.50
C) 0.06
D) 0.10

4. Which of the following is an output of the Plan Quality process?

A) Organizational process asset update
B) Control chart
C) Cost performance baseline
D) Project document update

5. Which type of contract is most commonly used by buying organizations because the price for goods is set at the outset and is not subject to change unless the scope of work changes?

A) Firm-Fixed -Price Contract (FFP)
B) Cost-Reimbursable Contract (CR)
C) Fixed-Price-Incentive-Fee Contract (FPIF)
D) Fixed Price with Economic Price Adjustments Contract (FP-EPA)

Solutions: