PMI-001 Exam Questions & Answers

Exam Code: PMI-001

Exam Name: Project Management Professional

Updated: Mar 13, 2024

Q&As: 920

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Practice These Free Questions and Answers to Pass the PMI Certification Exam

Questions 1

Which type of contract is most commonly used by buying organizations because the price for goods is set at the outset and is not subject to change unless the scope of work changes?

A. Fixed Price with Economic Price Adjustments Contract (FP-EPA)

B. Cost-Reimbursable Contract (CR)

C. Firm-Fixed -Price Contract (FFP)

D. Fixed-Price-Incentive-Fee Contract (FPIF)

Show Answer
Questions 2

Which degree of authority does a project manager have on a project in a strong matrix organizational structure?

A. Limited

B. Low to moderate

C. Moderate to high

D. High to almost total

Show Answer
Questions 3

Which of the following events would result in a baseline update?

A. A project is behind schedule and the project manager wants the baseline to reflect estimated actual completion.

B. A customer has approved a change request broadening the project scope and increasing the budget.

C. One of the risks identified in the risk management plan occurs, resulting in a schedule delay.

D. One of the key project team resources has left the team and no replacement is available.

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Questions 4

Which of the following tools and techniques is used to estimate cost?

A. Budget forecast

B. Variance analysis

C. Activity cost estimate

D. Three-point estimate

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Questions 5

The Create WBS process is in which of the following Project Management Process Groups?

A. Planning

B. Monitoring and Controlling

C. Executing

D. Initiating

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