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Discuss PMP Exams

Discuss PMP Exams &-8211; this Article or News was published on this date:2019-05-13 02:14:04 kindly share it with friends if you find it helpful

Discuss PMP Exams



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Project Management Professional (PMP) certification is administered by the Project Management Institute (PMI), USA

This PMP question bank will help you to prepare for and test your readiness for PMP Certification exams based on latest version of PMBOK Guide 5th Edition (2012).

As you would be aware, most of the Multi-national companies prefer to hire PMP Certified Project Managers, so it&-8217;s always worth to get this certification and move ahead fast in your career.




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PMP &-8211; Exams Home

PMP &-8211; Exams Overview

PM &-8211; Fundamentals

Integration Management

Project Scope Management

Project Time Management

Project Cost Management

Project Quality Management

Human Resource Management

Communication Management

Project Risk Management

Procurement Management

Stakeholder Management

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Download PMBOK Guide 5th Edition

Download PMBOK Guide 5th Edition &-8211; this Article or News was published on this date:2019-05-13 02:14:03 kindly share it with friends if you find it helpful

Download PMBOK Guide 5th Edition


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What is PMBOK ® Guide?

PMBOK-5 ® Guide represents generally recognized good practice in the profession of project management.

How to download PMBOK ?

The new PMBOK Guide 5th Edition has been published on December 31st 2008. It is now available to all PMI Members at the following page:

PMBOK ® Guide 5th Edition

You will find a link with title A Guide to the Project Management Body of Knowledge (PMBOK. Guide), Fifth Edition which will be used to buy this version of PMBOK. So just click this link which will give you an option to add a copy of the standard in your shopping cart. At the moment its price is $65.95 for non-members and $49.50 for PMI members. Finally do a checkout and download its PDF version. Following procedure needs to be adopted while downloading your copy of PMBOK 5.

Windows Users:

When you click the english version to download PMBOK ® Guide 5th edition this message will prompt like &-8220;The FileOpen system associates your member permissions to the publication&-8221; and prompts you to download and install the FileOpen Adobe Reader plug-in.

This step is required for first-time use only. Click Yes to begin installation of the Adobe Reader plug-in.&-8221; Then after successfull installing Fileopen plugin, close the window and go back and download but you need to be a PMI member to access.

Mac Users:

Mac uses Safari, which opens PDFs in the browser. That cannot work if security and other advanced functions are imbedded in the PDF. That requires a full version of PDF Reader or Adobe Acrobat installed.

Here is the APPLE support comment on reading PDFs with Safari. Adobe PDFViewer for Mac OS X will not run correctly on a system that doesn&-8217;t meet the following requirements:

  • Safari browser

  • Mac OS X v10.3 and later

Adobe recommends Mac OS X version 10.3.4 and later and Safari version 1.2.3 (which comes with Mac OS X v10.3.5) and later.



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PMP &-8211; Exams Home

PMP &-8211; Exams Overview

PM &-8211; Fundamentals

Integration Management

Project Scope Management

Project Time Management

Project Cost Management

Project Quality Management

Human Resource Management

Communication Management

Project Risk Management

Procurement Management

Stakeholder Management

PMP® &-8211; Mock Exams

PMP® &-8211; Sample Questions

PMP® &-8211; Exams Resources

PMBOK® Guide 5th Edition

PMBOK® Guide 4th Edition

PMP® Exams &-8211; Discussion

UPSC IAS Exams Notes

Developer&-8217;s Best Practices

Questions and Answers

Effective Resume Writing

HR Interview Questions

Computer Glossary

Who is Who

Download PMBOK Guide 4th Edition

Download PMBOK Guide 4th Edition &-8211; this Article or News was published on this date:2019-05-13 02:14:03 kindly share it with friends if you find it helpful

Download PMBOK Guide 4th Edition



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What is PMBOK ® Guide?

PMBOK ® Guide represents generally recognized good practice in the profession of project management.

How to download PMBOK ?

The new PMBOK Guide 4th Edition has been published on December 31st 2008. It is now available to all PMI Members at the following page:

PMBOK ® Guide 4th Edition

You will be asked to provide your PMI.ORG username and password before you can download your copy. Following procedure needs to be adopted while downloading your copy of PMBOK 4.

Windows Users:

When you click the english version to download PMBOK ® Guide 4th edition this message will prompt like &-8220;The FileOpen system associates your member permissions to the publication&-8221; and prompts you to download and install the FileOpen Adobe Reader plug-in.

This step is required for first-time use only. Click Yes to begin installation of the Adobe Reader plug-in.&-8221; Then after successfull installing Fileopen plugin, close the window and go back and download but you need to be a PMI member to access.

Mac Users:

MACs use Safari, which opens PDFs in the browser. That cannot work if security and other advanced functions are imbedded in the PDF. That requires a full version of PDF Reader or Adobe Acrobat installed.

Here is the APPLE support comment on reading PDFs with Safari. Adobe PDFViewer for Mac OS X will not run correctly on a system that doesn&-8217;t meet the following requirements:

  • Safari browser

  • Mac OS X v10.3 and later

Adobe recommends Mac OS X version 10.3.4 and later and Safari version 1.2.3 (which comes with Mac OS X v10.3.5) and later.



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PMP &-8211; Exams Home

PMP &-8211; Exams Overview

PM &-8211; Fundamentals

Integration Management

Project Scope Management

Project Time Management

Project Cost Management

Project Quality Management

Human Resource Management

Communication Management

Project Risk Management

Procurement Management

Stakeholder Management

PMP® &-8211; Mock Exams

PMP® &-8211; Sample Questions

PMP® &-8211; Exams Resources

PMBOK® Guide 5th Edition

PMBOK® Guide 4th Edition

PMP® Exams &-8211; Discussion

UPSC IAS Exams Notes

Developer&-8217;s Best Practices

Questions and Answers

Effective Resume Writing

HR Interview Questions

Computer Glossary

Who is Who

PMP Exams Preparation Resources

PMP Exams Preparation Resources &-8211; this Article or News was published on this date:2019-05-13 02:14:03 kindly share it with friends if you find it helpful

PMP Exams Preparation Resources



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The following resources contain additional information on PMP Exams. Please use them to get more in-depth knowledge on this topic.

Useful Links on PMP Exams

Ussful Books on PMP Exams

  • PMP Exam Prep, Eighth Edition
  • Head First PMP
  • PMP: Project Management Professional Exam Study Guide
  • PMP Certification All-in-One For Dummies
  • CAPM/PMP Project Management Certification All-In-One Exam Guide
  • A Guide to the Project Management Body of Knowledge

To enlist your site on this page, please drop an email to [email protected]



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PMP &-8211; Exams Home

PMP &-8211; Exams Overview

PM &-8211; Fundamentals

Integration Management

Project Scope Management

Project Time Management

Project Cost Management

Project Quality Management

Human Resource Management

Communication Management

Project Risk Management

Procurement Management

Stakeholder Management

PMP® &-8211; Mock Exams

PMP® &-8211; Sample Questions

PMP® &-8211; Exams Resources

PMBOK® Guide 5th Edition

PMBOK® Guide 4th Edition

PMP® Exams &-8211; Discussion

UPSC IAS Exams Notes

Developer&-8217;s Best Practices

Questions and Answers

Effective Resume Writing

HR Interview Questions

Computer Glossary

Who is Who

Project Risk Management

Project Risk Management &-8211; this Article or News was published on this date:2019-05-13 02:14:02 kindly share it with friends if you find it helpful

Project Risk Management



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Here is a list of sample questions which would help you to understand the pattern of questions on Project Risk Management being asked in PMP Certification Exams.

(1) The process under Process Risk Management that prioritizes risks for further analysis or action by assessing and combining their probability of occurrence and impact is called

  1. Perform Qualitative Risks Analysis
  2. Perform Quantitative Risk Analysis
  3. Plan Risk Management
  4. Plan Risk Responses

Answer:A

Hint: PMBOK 5, Page 309, Sec 11.3

(2) The inputs used in the process of Perform Qualitative Risk Analysis includes all except

  1. Scope Baseline
  2. Risk Register
  3. Quality Management Plan
  4. Risk Management Plan

Answer: C

Hint: PMBOK 5, Page 312, Sec 11.3

(3) A risk is defined as ____________ event or condition that, if it occurs, has a positive or negative effect on one or more project______________.

  1. indefinite, probabilities
  2. uncertain, objectives
  3. sure, goals
  4. definite, uncertainties

Answer: B

Hint: PMBOK 5, Page 559 Definition of Risk

(4) When is the risk and uncertainty in a project&-8217;s life cycle at the highest?

  1. start
  2. design
  3. closing
  4. implementation

Answer:A

Hint: PMBOK 5, Page 40, Figure 2-9

(5) A new project that was initiated, involved new technology and had never been done before. What type of contract would the owner want to issue to reduce or eliminate as much risk as possible?

  1. fixed price
  2. Cost plus fix fee
  3. Cost plus incentive fee
  4. Time and Material

Answer:A

Hint: A fixed bid project has lesser risk for the firm that gives high-risk work on contract

(6) The process of Control Risks does not have one of the following as an output. Which one is it?

  1. Work Performance Information
  2. Change Requests
  3. OPA updates
  4. Risk Register

Answer: D

Hint: PMBOK 5, Section 11.6 Control Risks

(7) Which of the following fit the category of external risks?

  1. Project delays, budget under-runs, movement of city utilities
  2. Regulatory, currency changes, taxation
  3. Natural disasters, regulatory, design
  4. Inflation, design, social impact
  5. Political unrest, budget overruns, size and complexity of the project

Answer: B

Hint: PMBOK 5, Page 317, Risk categories

(8) Decision trees are best used for :

  1. Determining the interaction of the amount at stake and the expected value
  2. Association of the probabilities with the risk events
  3. Calculating the average outcome when the future includes scenarios that may or may not happen
  4. A flow chart which determines the standard deviation of the risk event

Answer: C

Hint: PMBOK 5, Page 339 Decision tree analysis

(9) The total amount of risk that is calculated for a project is found by

  1. Multiplying the sum of each the risk times the amount at stake
  2. Calculating the cumulative sum of the probability for each risk and multiplying this value times the consequence of occurrence of the risk events
  3. Cannot be calculated since all risks are not known
  4. The amount of project reserves available

Answer: B

Hint: PMBOK 5, Page 339 Decision tree analysis

(10) The strategy used under Strategies for Positive Risks or Opportunities that is used to increase the probability and/or the positive impacts of an opportunity is called.

  1. Share
  2. Accept
  3. Enhance
  4. Exploit

Answer: C

Hint: PMBOK 5, Page 346

(11) For the following processes of Project Risk Management:

1. Plan Risk Management

2. Perform Qualitative Risk Analysis

3. Identify Risks

4. Perform Quantitative Risk Analysis

5. Plan Risk Responses

6. Control Risks

The correct sequence is:

  1. A.1-2-3-4-5-6
  2. B.1-3-2-4-5-6
  3. C.1-3-4-2-5-6
  4. D.3-1-2-4-5-6

Answer:B

Hint: PMBOK 5, Page 309

(12) The process of implementing risk responses plans, tracking identified risks, monitoring residual risks, identifying new risks, and evaluating risk process effectiveness throughout the project is called?

  1. Plan Risk Responses
  2. Control Risks
  3. Identify Risks
  4. Perform Qualitative Risk Analysis

Answer:B

Hint: PMBOK 5, Page 309

(13) The measure along the level of uncertainty or the level of impact at which a stakeholder may have a specific interest. Below that, the organization will accept the risk, and above this measure the organization will not accept the risk. It is known as

  1. Risk Threshold
  2. Risk Appetite
  3. Risk Tolerance
  4. None of the above

Answer:A

Hint: PMBOK 5, Page 311

(14)

Which of the following tools and techniques is not used in the process of Identify Risks

  1. SWOT Analysis
  2. Diagramming Techniques
  3. Checklist Analysis
  4. Risk Categorization

Answer:D

Hint: PMBOK 5, Page 312, Sec 11.2

(15) The tools and techniques used in the process of Plan Risk Responses includes all except

  1. Contingent Response Strategies
  2. Risk and Impact Matrix
  3. Strategies for positive risks or opportunities
  4. Expert Judgment

Answer:B

Hint: PMBOK 5, Page 312, Sec 11.5

(16) A stakeholder risk profile analysis may be performed to grade and qualify the project stakeholder risk appetite and tolerance. The activity is an example of which technique used in the process of Plan Risk Management

  1. Meetings
  2. Expert Judgment
  3. Analytical Techniques
  4. Both B& C

Answer:C

Hint: PMBOK 5, Page 315, Sec 11.1.2.1

(17) The Risk Management Plan, which is the outcome of the process Plan Risk Management includes all except

  1. Methodology
  2. Roles and Responsibilities
  3. Budgeting
  4. Tracking

Answer:D

Hint: PMBOK 5, Page 316, 11.1.3.1

(18) The technique used under the Quantitative Risk Analysis which is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen is known as

  1. Sensitivity Analysis
  2. Expected Monetary value Analysis
  3. Modeling and Simulation
  4. Expert Judgment

Answer:B

Hint: PMBOK 5, Page 339

(19)

The technique used under the Quantitative Risk Analysis that translates the specified detailed uncertainties of the project into their potential impact on project activities is called

  1. Expected Monetary value Analysis
  2. Modeling and Simulation
  3. Expert Judgment
  4. Sensitivity Analysis

Answer:B

Hint: PMBOK 5, Page 340

(20) A risk response strategy used under tool of Strategies for negative Risks or Threats through which the project team decides to acknowledge the risk and not take any action unless the risk occurs is called

  1. Mitigate
  2. Transfer
  3. Accept
  4. Avoid

Answer:C

Hint: PMBOK 5, Page 345



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PMP &-8211; Exams Home

PMP &-8211; Exams Overview

PM &-8211; Fundamentals

Integration Management

Project Scope Management

Project Time Management

Project Cost Management

Project Quality Management

Human Resource Management

Communication Management

Project Risk Management

Procurement Management

Stakeholder Management

PMP® &-8211; Mock Exams

PMP® &-8211; Sample Questions

PMP® &-8211; Exams Resources

PMBOK® Guide 5th Edition

PMBOK® Guide 4th Edition

PMP® Exams &-8211; Discussion

UPSC IAS Exams Notes

Developer&-8217;s Best Practices

Questions and Answers

Effective Resume Writing

HR Interview Questions

Computer Glossary

Who is Who