PMP MCQ Question and Answer
PMP MCQ Question and Answer
321. Contract documentation is an input to the Contract Closure process. It includes all of the following EXCEPT:
- Payment records
- Supporting schedule
- Warranties
- Procurement audit documentation
322. During what phase of project lifecycle is the level of risk and uncertainty is the lowest?
- Closing
- Executing
- Initiating
- Controlling
323. Which of the following best describes the tool/ technique used to identify lessons learned during the procurement process, including the identification and examination of any problems and areas for
improvement?
- Project archives
- Procurement reviews
- Procurement audits
- Project records
324. Product verification is usually performed in closing process. Which of the following statement are true?
- Product verification is a method for quantifying qualitative data to minimizes the effect of biases during select sellers
- Product verification is used to verify that work was completed correctly and satisfactorily
- Product verification is includes samples of the suppliers previous products for the purpose of providing a way to evaluate a supplier
- Product verification provides management with information how effectively the seller is achieving the contractual objectives
325. You are the project manager at a large accounting firm in the United States. Throughout the year your firm provides both consulting services and accounting/ auditing services to XYZ Widgets, Inc, a
publicly traded company listed on the New York Stock Exchange. Currently, your project involves auditing the financial statements of XYZ Widgets Inc, in preparation for the annual shareholders/ investors meeting. While your team is in the midst of project execution, you are informed
that your projec
- Since the project ended due to extinction, you should document the level and degree of completeness during the scope verification process
- Since the project ended due to integration, you should document the level and degree of completeness during the scope verification process
- Since the project ended due to starvation, you should document the level and degree of completeness during the scope verification process
- Since the project ended due to extinction, scope verification process is no longer necessary
326. All of the following are outputs the closure project process EXCEPT:
- Historical information
- Final product, service or result
- Administrative closure procedure
- Work performance information
327. Which of the following establishes the procedures to transfer the project product or services to production and / or operations?
- Formal acceptance documentation
- Administrative closure procedure
- Contract closure procedure
- Project files
328. Which of the following statements are true regarding the procurement audit tool/ technique?
- It is a tool/ technique of contract administration
- It review the procurement process from plan contracting through contract closure
- It review the procurement process from plan purchases and acquisitions through contract administration
- It review the procurement process from plan contracting through contract administration
329. Which of the following formulas is used to calculate the CPI (cost performance index)?
- EV/ AC
- EV-AC
- EV-PV
- EAC-AC
330. Historical records from previous project are generally used for all of the following EXCEPT:
- Risk management
- Life cycle costing
- Project planning
- Estimating