Project Management Professional Exam
Project management is a popular topic in IT, and the Project Management Institute (PMI) offers credentials that cover this territory. To help IT professionals prepare for the Project Management Professional (PMP) certification, Whizlabs recently launched an exam simulator. The following quiz is an excerpt from Whizlabs’ Exam Simulator. For a more detailed version, visit www.whizlabs.com/pmp-certification.html.
1. Which of the following is a tool used to secure expert judgment?
A. Peer review
B. Delphi technique
C. Expected value technique
D. Work Breakdown Structure (WBS)
2. Based on the information provided below, which project would you recommend for being pursued?
Project I, with BCR (Benefit-Cost ratio) of 1:1.6.
Project II, with NPV of U.S. $500,000.
Project III, with IRR (Internal rate of return) of 15 percent.
Project IV, with opportunity cost of U.S. $500,000.
A. Project I
B. Project III
C. Either of project II or IV
D. Cannot say from the data provided
3. What should be done by the project manager to ensure that all work in the project is included?
A. Create a contingency plan.