100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
IFMA FMP PROJECT MANAGEMENT EXAM QUESTIONS AND ANSWERS | ACCURATE AND VERIFIED WITH RATIONALES | UPDATED 2024 | GRADED A | GUARANTEED PASS CA$30.08   Add to cart
Quickly navigate to
Preview
  2.  
  3. Ifmp
  4.  
  5. Ifmp

Exam (elaborations)

IFMA FMP PROJECT MANAGEMENT EXAM QUESTIONS AND ANSWERS | ACCURATE AND VERIFIED WITH RATIONALES | UPDATED 2024 | GRADED A | GUARANTEED PASS

5 reviews
 315 views  5 purchases
  • Course
  • Ifmp
  • Institution
  • Ifmp

IFMA FMP PROJECT MANAGEMENT EXAM QUESTIONS AND ANSWERS | ACCURATE AND VERIFIED WITH RATIONALES | UPDATED 2024 | GRADED A | GUARANTEED PASS

Preview 2 out of 12  pages

Document information

  • January 4, 2024
  • 12
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • ifma fmp
  • latest
  • 2024
  • 2025
  • ifma fmp project management exam questions and ans
  • ifma fmp project management exam questions
  • ifma fmp project management exam
  • ifma fmp project management

Written for

  • Ifmp
  • Ifmp

5  reviews

review-writer-avatar

By: tiburke424 • 2 months ago

There were no questions on the test

review-writer-avatar

By: tedbarroca • 3 months ago

review-writer-avatar

By: DrReiss • 9 months ago

accurate and very useful resource. very detailed

review-writer-avatar

By: RegisteredNurse • 9 months ago

VERY ACCURATE. THANKS A LOT

review-writer-avatar

By: Dredward • 9 months ago

Accurate. I passed well . value for money indeed

Seller

avatar-seller
DrMedinaReed

Reviews received

Content preview

IFMA FMP PROJECT MANAGEMENT EXAM QUESTIONS AND ANSWERS | ACCURATE AND VERIFIED WITH RATIONALES | UPDATED 2024 | GRADED A | GUARANTEED PASS If an organization has narrowed the list of contractors submitting proposals but is still having trouble deciding between them, what could help? - CORRE CT ANSWER The correct answer is: Bidder presentations Which statement is true of the Execute, Monitor and Control phases of the project model? - CORRECT ANSWER The correct answer is: These phases are often concurrently or iteratively performed. Whe n project managers determine the level of data to collect for monitoring and controlling project work, what do they not need to verify? - CORRECT ANSWER The correct answer is: Project work delays due to data collection are scheduled. What do project m anagers submit when they suggest revising the project management plan to make it feasible given the current situation? - CORRECT ANSWER The correct answer is: change order. What is developed to review a final deliverable from an entire system perspect ive? - CORRECT ANSWER The correct answer is: Checklist reviews Which statement is true about the documentation for project closure? - CORRECT ANSWER The correct answer is: Documentation may include operations and maintenance manuals . A project ma nager wants to minimize risk and provide some independent checks and balances on contractor work. Which contract model should the organization use? - CORRECT ANSWER Construction management Your answer is correct. Construction management is the best ch oice because it uses an independent consultant to supervise separate contracts with design firms and construction firms, which allows for some independent review. (Reference: 3 -2-10) According to the critical path method (CPM) of scheduling, what is the critical path for any project? - CORRECT ANSWER the longest set of sequential tasks in the project. Your answer is correct. The critical path is the longest set of sequential tasks in a project and indicates the shortest possible project duration. The critical path is determined using forward pass scheduling followed by backward pass scheduling.(Reference: 3 -2-3) Why does a budget need to be closely integrated with the project sche dule? - CORRECT ANSWER costs are allocated to the period in which they occur. Your answer is correct . Development of the budget requires close integration with the project schedule because costs are allocated to the period in which the costs are incur red. Similarly, budget constraints can require changes to the project schedule such as completing a task more quickly to minimize financing costs. Budgets are produced after schedules. Estimates for costs are made during planning rather than waiting until later.(Reference: 3 -2-5) Which scheduling methods are for activities NOT concurrently performed? - CORRECT ANSWER Traditional waterfall model scheduling Your answer is correct. In forward pass, backward pass, and critical pass scheduling, as many act ivities as possible are concurrently performed, constrained by resource availability and predecessors. The traditional waterfall model does not include these time -saving processes, and therefore it is rarely used for project scheduling.(Reference: 3 -2-3) Which statement is true about the process steps used to build a project schedule? - CORRECT ANSWER Failure to agree on a duration estimate may indicate a need for further task division. Your answer is correct. Failure to come to agreement on an estima te may indicate the task needs to be further broken down. Dependencies are part of sequencing. Knowing the skill levels of personnel affects the length of time required for a task, so determining this is necessary. Sequencing is not performed during work b reakdown structure creation. (Reference: 3 -2-3) Which statement is true of communications management for an office relocation? - CORRECT ANSWER Post -relocation orientation brochures can help employees find their way around. Your answer is correct. Which attribute most accurately describes a project? - CORRECT ANSWER The correct answer is: Projects are finite. What is an example of how project managers apply sound management techniques? - CORRECT ANSWER The correct answer is: they break down a task further if it remains at the same percent completion despite repor ted progress. Which is an advantage of using a standardized project management model? - CORRECT ANSWER The correct answer is: The model is a framework that project managers can adapt to project specifics. In the project model, what do outputs from th e Plan phase become? - CORRECT ANSWER The correct answer is: inputs to the Execute phase.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller DrMedinaReed. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$30.08. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

84190 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$30.08  5x  sold
  • (5)
  Add to cart