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Free GAQM Professional in Project Management (PPM) - Standard Package PPM-001 Exam Questions

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Question 1

You receive 25 new computers from the seller, but were expecting only 20. In looking at the contract, you see that it says "seller to provide twenty (25) computers." What should you do FIRST?

Correct Answer: B. Return the five extra computers.

Question 2

You are a project manager for a software manufacturing firm. The project you've just finished created a new software product that is expected to become a number-one seller. All prerelease of software is handled through the marketing department. A friend of yours is a certified software instructor. They have asked you for a copy of the software prior to the beta release so they can get familiar with it. What is the most appropriate response?

Correct Answer: D. Decline the request because the software is the intellectual property of the company.
Explanation:

The most appropriate response is to deny the request. Software is considered intellectual property and should not be used for personal gain or given to others without prior consent from the organization. This question states that the release of the beta software is handled through the marketing department, so you should not give your friend a copy of the software outside of this process.


Question 3

Work authorization forms are needed in order to:

Correct Answer: D. All of the other alternatives apply

Question 4

You are assigned to implement the project control plan. What should you do to ensure the plan is effective and current?

Correct Answer: A. Perform periodic project performance reviews.
Explanation:

The document control plan is an outline or guide on how physical or virtual documents will be managed throughout the life of the project. It provides a road map for tracking documents and for adding, archiving, and removing new documentation from the process.


Question 5

Which analysis uses beta and triangular distributions as a tool and technique?

Correct Answer: A. Quantitative risk analysis

Question 6

Most project (and non-project) managers prefer _____ communications.

Correct Answer: B. Oral

Question 7

If a risk has a 20 percent chance of happening in a given month, and the project is expected to last five months, what is the probability that this risk event will occur during the fourth month of the project?

Correct Answer: B. 20 percent

Question 8

What is one of the objectives of project risk management?

Correct Answer: C. Increase the probability and impact of positive events.

Question 9

Your project team consists of 12 people in the same building you're located in, 4 people from the West Coast office, 2 people from the Kansas City office, and 6 people from the London office. Your office works different hours than all the other offices. Additionally, not all of the resources in your building are available at the same times during the day. Three of the 12 team members work swing shift hours. You use tools like web conferencing and email to distribute information to the team. Which of the following is true?

Correct Answer: D. This question describes virtual teams from the Acquire Project Team process and information distribution methods from the Information Distribution process.
Explanation:

Virtual teams are teams that don't necessarily work in the same location or have the same hours but all share the goals of the project and have a role on the project. The web conferencing and email references describe the information distribution methods tool and technique of the Information Distribution process.


Question 10

When do stakeholders have the greatest influence?

Correct Answer: A. At the start of the project

Question 11

You are about to begin negotiations with people from another country. Which of the following should provide guidance on what business practices are allowed and not allowed?

Correct Answer: A. The company code of conduct

Question 12

Which of the following is the correct network diagram for the table?

Correct Answer: A. Begin - A - C - D - E - End - B - D

Question 13

During the initial stages of the project, what do activity attributes include?

Correct Answer: B. Activity ID, WBS ID, activity name

Question 14

Many companies self insure against some risk. Problems which can arise from self-insurance include:

Correct Answer: B. Both 1) failure to reserve funds to handle worst case scenarios (low probability events) resulting in severe financial damage to the company, and 2) confusion of business risks with insurable risks.

Question 15

Activity resource requirements and the resource breakdown structure (RBS) are outputs of which Project Time Management process?

Correct Answer: D. Estimate Activity Resources