Free Practice Questions for PMI PMI-002 Exam

Senior management is responsible for quality in the organization

The arrow diagramming method (ADM) is also referred to as activity-on-arrow (AOA) diagramming method. Precedence diagramming method (PDM) is also referred to as activity-on-node (AON) diagramming method

Inputs for Initiation process : Product description Strategic plan Selection criteria Historical information

There are following processes which are part of Project Scope Management. Collect Requirements Define Scope Create WBS Verify Scope Control Scope

Balanced matrix: Power is shared between both Functional and Project Manager. In this case you include the functional manager in the meeting therefore it is Balanced matrix organization.

Although lessons learned should be held at project conclusion, they should be held throughout the project any time.

In the direct and manage project execution process, approved changes are implemented but monitoring of those changes is part of monitoring OR controlling project work.

ISO Stands for International Organization for Standardization.

Corrective action: An action that brings future project events into alignment with the project plan

A cost performance index of 1 or greater suggests that project in delivering more with less money; so doing well. Option A is BEST fit for this. CPI = EV/AC (Earned value/ Actual cost)

Define Scope - Inputs Requirements document created in collect requirements process, Project Charter and Organizational Process Assets (Project files from previous projects, lesson learned)

Project will close after final deliverable.

Bottom-up estimating: Estimating the cost of individual work items and then rolling up the costs to arrive at a project total: It is more accurate. Analogous estimating: Analogous estimating is also called top-down estimating and uses the actual cost of a previous, similar project as the basis for estimating the cost of the current project. Parametric estimating: Using project characteristics (or parameters) in a mathematical model to predict costs (e.g., price per square meter).

A project that must be completed by a deadline is dealing with time constraints. A is incorrect since the condition does not offer a schedule. B is incorrect because the condition is not an assumption. D is also incorrect because this is not a planning process.

PMBOK describes assumptions as "factors that, for planning purposes, are considered to be true, real, or certain."