PMP Exam | Project Success

PMP Exam Question Session 5

In this series we will walk through five PMP Practice Exam Questions each day – a great way to set up your morning as you prepare to pass the PMP Exam. It is also useful for the CAPM exam, as the content is very similar.

We will also figure them out together, and you’ll see the thought process behind solving these PMP exam questions.

I hope you enjoy!

Question 1

Costs can fluctuate during the different phases of your project. Generally, over the lifecycle of a project, the cost of changes to project scope will:

A) decrease
B) increase
C) remain about the same
D) depend on who assigns the change request

Question 2

You are a project manager brought on during the very early phase of the project. The project sponsor has asked you to create a report on whether this project can be completed in time, at what cost, and what benefit is expected. What is the Project Sponsor asking for?

A) A Project Charter
B) A commercial database
C) A Feasibility Study
D) A project management plan

Question 3

Future Value is the value of today’s sum of money, at a specified date in the future. The Future Value (FV) of $14,000 invested for 5 years with interest rate of 5% would be:

A) $16,225
B) $18,574
C) $17,867
D) $15,536

Question 4

Your project can be significantly impacted, depending on the organizational structure you are working in. Which organisational structure gives you the most control as a project manager?

A) Strong Matrix
B) Functional Matrix
C) Balanced Matrix
D) PMO

Question 5

You are working on a project where you have to plan for your current software product, and a software product in the same area to be released afterwards. What is your role in this situation?

A) Functional Manager
B) Program Manager
C) Production Manager
D) Project Manager

– See all the PMP Exam Questions –

PMP Exam Question Session 1

We will also figure them out together, and you’ll see the thought process behind solving these PMP exam questions.

I hope you enjoy!

Question 1

You are asked to decide which project is a better investment. Project X takes 3 years to complete with a Net Present Value of $125,000 and Project Y takes 2 years to complete with a Net Present Value of $100,000. Which will you choose?

A) Both projects
B) Project X only
C) Either project
D) Project Y only

Question 2

You are a certified PMP working as a project manager in a company. One of your colleagues is planning to take the PMP exam too, and asks for your guidance on preparation. What should you do?

A) Give them a few instructions and let them work out the rest
B) Say you’re too busy to help them – after all, it’s true
C) Give them whatever guidance you can provide based on your experience
D) Tell them to go to the PMI website and find the information they want

Question 3

What is the Cost Performance Index of a project with a PV of $795,000, EV of $850,000, and AC of $950,000?

A) 1.12, you are over budget
B) 0.89, you are over budget
C) 2.05, you are under budget
D) 0.75, you are under budget

Question 4

Return on Investment (ROI) is the percentage return we get from investing in something. Your project cost the company $200,000 to complete. That project returns a benefit of $240,000. The Return on Investment (ROI) would be:

A) 20%
B) 24%
C) 240%
D) 16%

Question 5

The Benefit Cost Ratio is used to compare the benefits to the costs for a project. As a project manager working for your company which one of the following projects will you recommend based on the BCRs below?

A) Project X at 0.75
B) Project Y at 1.20
C) Project R at 1.85
D) Project W at 2.05

– See all the PMP Exam Questions –