GAQM PPM-001 PPM Exam Practice Test Instant Access

Question 1

Parametric estimates are based on variables such as:

AProject objectives and manpower allocations.

BPhysical characteristics and historical data.

CPrecise measurements and multiple inputs.

DThe WBS and similar projects.

EDetailed planning and cost restraints.

Answer : B

Question 2

How is scheduled variance calculated using the earned value technique?

AEV less AC

BAC less PV

CEV less PV

DAC less EV

Answer : C

Question 3

EAC (estimate at complete) is typically based on actual cost (AC) for work completed plus an ETC (estimate to complete) the remaining work. Which of the following is a valid formula for calculating EAC?

AEAC = AC + [(BAC-EV) / (Cumulative CPI * Cumulative SPI)]

BEAC = BAC - AC

CEAC = 1 - CPI

DEAC = EV + [1 - (Cumulative CPI * Cumulative SPI) / BAC]

Answer : A

Question 4

You are a project manager for Dutch Harbor Consulting. Your latest project involves the upgrade of an organization's operating system on 236 servers. You performed this project under contract. You are in the Closing process and know that product verification is for what purpose?

ATo verify that all the work was completed correctly and satisfactorily

BTo evaluate project goals and ensure that the product of the project meets the requirements

CTo verify the goals of the project and ensure that the product of the project is complete

DTo evaluate all the work of the project and compare the results to project scope

Answer : A

Product verification is performed by the buyer and examines all the work of the project and

verifies that the work was completed correctly and satisfactorily.

Question 5

A project manager has increased project costs by US $100,000, but completed the project four weeks earlier than planned. What activity is BEST described here?

AResource leveling

BSchedule compression

CCritical chain

DAdjusting leads and lags

Answer : B

Question 6

If two events cannot both occur in a single trial, they are:

AFalse events.

BMutually exclusive.

CStatistically independent.

DJust-in-time.

Answer : B

Question 7

At which point of the project is the uncertainty the highest and the risk of failing the greatest

AFinal phase of the project

BStart of the project

CEnd of the project

DMidpoint of the project

Answer : B

GAQM Professional in Project Management (PPM) - Standard Package PPM-001 PPM Exam Practice Test