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
Show Answer
322. During what phase of project lifecycle is the level of risk and uncertainty is the lowest?
  • Closing
  • Executing
  • Initiating
  • Controlling
Show Answer
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
Show Answer
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
Show Answer
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
Show Answer
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
Show Answer
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
Show Answer
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
Show Answer
329. Which of the following formulas is used to calculate the CPI (cost performance index)?
  • EV/ AC
  • EV-AC
  • EV-PV
  • EAC-AC
Show Answer
330. Historical records from previous project are generally used for all of the following EXCEPT:
  • Risk management
  • Life cycle costing
  • Project planning
  • Estimating
Show Answer
Questions and Answers for Competitive Exams Various Entrance Test