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Free Project Management Professional (PMP) ® Exam Question and Answer

This document provides three sample questions and answers related to the Project Management Professional (PMP) exam. The questions cover topics like opportunity cost, project phases, and project charters. For each question, an explanation is given for the correct answer.

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Cornelius Fichtner, PMP, CSM
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722 views13 pages

Free Project Management Professional (PMP) ® Exam Question and Answer

This document provides three sample questions and answers related to the Project Management Professional (PMP) exam. The questions cover topics like opportunity cost, project phases, and project charters. For each question, an explanation is given for the correct answer.

Uploaded by

Cornelius Fichtner, PMP, CSM
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Free Project Management

Professional (PMP)® Exam


Question and Answer
Test your exam-readiness with these free
PMP® questions
Sample Question 1:
A project manager is preparing business cases for two product development
projects that the company is considering. The first of these is code-named project
Alpha, which is expected to result in a $50 million net profit, while the second
one is code-named project Beta and is expected to net $45 million. Both projects
could be very lucrative and rewarding. However, the financial controller has
stated that the company can only invest in one of these projects. If project Alpha
is selected, what will be the opportunity cost?

A. $95 million
B. $50 million
C. $45 million
D. $5 million

Hint: Opportunity cost is defined as the value of the alternative that is not chosen.
Answer and Explanation:

Correct Answer: C

Opportunity cost refers to the opportunity given up


by selecting one project over another. If the
decision is made to go with project Alpha and
forego the $45 million in potential profit from
project Beta, this means the opportunity cost of
this decision is $45 million, the value of project
Beta.
Sample Question 2:

You are assigned to manage a project to build five bridges in a


metropolitan city. The project is divided into five sequential phases,
with each phase representing the construction of one bridge. You
have just finished the first phase of your project, and you are about
to start your second phase. Which project management process
should begin the second phase of the project?

A. Develop Project Charter


B. Develop Project Management Plan
C. Direct and Manage Project Work
D. Monitor and Control Project Work

Hint: Which process group is performed at the beginning of a new


project or a new phase of an existing project?
Answer and Explanation:

Correct Answer: A

The Initiating Process Group is made up of two


project management processes, Develop Project
Charter and Identify Stakeholders. The Initiating
Process Group is performed to define a new
project or a new phase of an existing project by
obtaining authorization to start the project or
phase.
Sample Question 3:

Your company has just been awarded the contract for a research
project. The CEO of your company has asked you, as the project
manager, to create the project charter and send it to her so that she
can review and approve it. To create the project charter, you need
the project's statement of work (SOW). What should you do?

A. Create the SOW yourself since you are the project manager
B. Look for the SOW in your organizational process assets (OPAs)
C. Ask your customer to provide you with the SOW
D. Ask your CEO to provide you with the SOW

Hint: Part of a project manager's role is to collaborate with the


customer and understand the details of the project.
Answer and Explanation:

Correct Answer: C

As the project manager, you should request the


project's procurement SOW directly from the
buyer (i.e., your customer) to ensure you have the
agreed upon SOW. Also, requesting the SOW from
your customer demonstrates that you are proactive
and encourages collaboration.
We are a Project Management Institute (PMI)® Registered
Education Provider.

All our questions are updated to the latest A Guide to the


Project Management Body of Knowledge
(PMBOK® Guide) standard.
Want More PMP® Exam Sample Questions?

….. try the PM Exam Simulator free for 7 days!


Get Instant, One-Week Access:
http://free.pm-exam-simulator.com/

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