RMC PMP UPDATED Exam Questions and CORRECT Answers
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Course
PMP
Institution
PMP
RMC PMP UPDATED Exam Questions
and CORRECT Answers
Project - Correct Answer- A temporary endeavor with a beginning and an end.
It creates a unique product, service, or result.
Stakeholders - Correct Answer- Any people or organizations whose interests may be
positively or negatively impacted ...
RMC PMP UPDATED Exam Questions
and CORRECT Answers
Project - Correct Answer- A temporary endeavor with a beginning and an end.
It creates a unique product, service, or result.
Stakeholders - Correct Answer- Any people or organizations whose interests may be
positively or negatively impacted by the project.
Predictive - Correct Answer- Relies on a planning process during which requirements and
scope may be defined in detail early in the project.
Require scope, schedule, and cost to be determined in detail early in the life of a project,
before the work begins to produce deliverables.
Plan-driven, traditional, or waterfall.
Agile - Correct Answer- Works best for projects where the definition of scope is emerging.
Planning, executing, and managing the project happens in smaller increments to changes can
be easily made as information about the product and project's needs changes.
Incremental and iterative life cycles involve early planning of high-level scope sufficient
enough to allow for preliminary estimates of time and cost; scope is developed a little more
with each iteration.
Change-driven or adaptive.
Program management - Correct Answer- Grouping related projects into a program allows an
organization to coordinate their management of these projects.
,Portfolio management - Correct Answer- A _____ includes programs, projects, and related
operational work that are prioritized and implemented to achieve a specific strategic business
goal.
Supportive PMO - Correct Answer- Provides the policies, methodologies, templates, and
lessons learned for managing projects within the organization.
It typically exercises a low level of control over projects.
Controlling PMO - Correct Answer- Provides support and guidance on how to manage
projects, trainings others in project management and project management software, assists
with specific project management tools, and ensures compliance with organizational policies.
Typically has a moderate level of control over projects.
Directive PMO - Correct Answer- Provides PMs for different projects and is responsible for
the results of those projects.
All projects or projects of a certain size, type, or influence are managed by this office.
Has a high level of control over projects.
Business case - Correct Answer- The business document most commonly used to create the
project charter.
Describes the necessary information from a business standpoint to determine whether the
expected outcomes of the project justify the required investment.
Organizational governance - Correct Answer- The overall structure of an organization.
Involves setting the policies and procedures for how work will be performed to meet strategic
goals and to support organizational operations and decision-making
Functional - Correct Answer- _____ organizations are grouped by areas of specialization
within _____ areas, like marketing or accounting.
,Projects generally occur within a single department.
When you see "_____" think "silo"
Team members complete project work in addition to normal department work.
Project-oriented - Correct Answer- The entire company is organized by projects.
When you see "_____" think "no home"
Team members complete only project work and when the project is over, they do not have a
department to go back to. They need to be assigned to another project or get a job with a
different employer.
Matrix - Correct Answer- An attempt to maximize the strengths of the functional and project-
oriented structure.
When you see "_____" think "two managers"
Team members report to two managers - PM and functional manager.
Organizational Process Assets (OPAs) - Correct Answer- Processes, procedures, and policies
Enterprise Environmental Factors (EEFs) - Correct Answer- Provide context within which to
plan the project.
_____ are generally outside the control of the project team.
, External EEFs - Correct Answer- Governmental or other rules and regulations that apply to
the performing organization.
Internal EEFs - Correct Answer- Structure, culture, systems, and geographic locations of the
organizations.
Assumption log - Correct Answer- Repository of both assumptions and constraints.
Started at the time the project charter is developed.
Is an input to many project processes, and assumption log updates are a frequent output.
Constraints - Correct Answer- Easier to identify than assumptions as they are usually clearly
imposed by management or the sponsor.
Return on Investment (ROI) - Correct Answer- Determines the potential profitability of an
investment by calculating the benefits in received in relation to the cost.
Present Value (PV) - Correct Answer- The value today of future cash.
PV = FV/(1+r^n)
FV = future value
r = interest rate
n = number of time periods
Net Present Value (NPV) - Correct Answer- The present value of the total benefits (income or
revenue) minus the costs over many time periods.
Generally, if ___ is positive, the investment is a good choice. The project with the greatest
___ should be selected.
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