PMP MCQ Questions and Answers

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Q321
Contract documentation is an input to the Contract Closure process. It includes all of the following EXCEPT:
  • A Payment records
  • B Supporting schedule
  • C Warranties
  • D Procurement audit documentation
Answer: Option D
Q322
During what phase of project lifecycle is the level of risk and uncertainty is the lowest?
  • A Closing
  • B Executing
  • C Initiating
  • D Controlling
Answer: Option A
Q323
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?
  • A Project archives
  • B Procurement reviews
  • C Procurement audits
  • D Project records
Answer: Option C
Q324
Product verification is usually performed in closing process. Which of the following statement are true?
  • A Product verification is a method for quantifying qualitative data to minimizes the effect of biases during select sellers
  • B Product verification is used to verify that work was completed correctly and satisfactorily
  • C Product verification is includes samples of the suppliers previous products for the purpose of providing a way to evaluate a supplier
  • D Product verification provides management with information how effectively the seller is achieving the contractual objectives
Answer: Option B
Q325
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
  • A Since the project ended due to extinction, you should document the level and degree of completeness during the scope verification process
  • B Since the project ended due to integration, you should document the level and degree of completeness during the scope verification process
  • C Since the project ended due to starvation, you should document the level and degree of completeness during the scope verification process
  • D Since the project ended due to extinction, scope verification process is no longer necessary
Answer: Option B
Q326
All of the following are outputs the closure project process EXCEPT:
  • A Historical information
  • B Final product, service or result
  • C Administrative closure procedure
  • D Work performance information
Answer: Option D
Q327
Which of the following establishes the procedures to transfer the project product or services to production and / or operations?
  • A Formal acceptance documentation
  • B Administrative closure procedure
  • C Contract closure procedure
  • D Project files
Answer: Option B
Q328
Which of the following statements are true regarding the procurement audit tool/ technique?
  • A It is a tool/ technique of contract administration
  • B It review the procurement process from plan contracting through contract closure
  • C It review the procurement process from plan purchases and acquisitions through contract administration
  • D It review the procurement process from plan contracting through contract administration
Answer: Option C
Q329
Which of the following formulas is used to calculate the CPI (cost performance index)?
  • A EV/ AC
  • B EV-AC
  • C EV-PV
  • D EAC-AC
Answer: Option A
Q330
Historical records from previous project are generally used for all of the following EXCEPT:
  • A Risk management
  • B Life cycle costing
  • C Project planning
  • D Estimating
Answer: Option B

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