Mock tests are an important, indispensable part of certification exam preparation, and the Project Management Professional exam (PMP) isn’t any different. For instance, candidates need expertise and experience in project management, taken from real-world working experiences.
You should know how capable you are and choose a learning path that suits you best. Don’t restrict your learning ecosystem to your peers and colleagues. For the best outcome, join learning communities that you can find online and offline to understand new approaches and identify creative solutions for management problems.
Furthermore, while training, learners get into the habit of taking notes. This approach helps in learning and internalising concepts, thoughts and points throughout your learning modules. There is no right or wrong way to learn; how much you learn depends on your aptitude and learning style. Some people learn better in a classroom setup; others function better in a one on one learning model. In contrast, top virtual learning platforms aim to offer candidates the best of both worlds. Therefore, it is critical to find what works for you and stick to it.
While the main exam is essential, don’t forget to prepare for the interview as well. Many questions are the same in both the interview and the exam.
You can appear for the Project Management Professional (PMP) exam when you have completed 36 hours of training and spent at least 50 hours preparing. Once you have completed the payment required and prepared well for the exam, you are ready to go. A PMP exam is promising in terms of career, and salary growth opportunities, which means clearing the exam won’t be easy.
The PMP exam has 200 questions. Of these, 25 are not a part of the score as they are what’s known as pretest questions. The breakup of marks in the exam is as follows:
Domain 1: Initiating - 13% of questions
Domain 2: Planning - 24% of questions
Domain 3: Executing - 31% of questions
Domain 4: Controlling and monitoring - 25% of questions
Domain 5: Closing - 7% of questions
You need to score at least 61% in the exam to pass and earn your certification. To help you prepare, let’s take a look at some sample PMP questions you will find in the exam.
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Q1. How would you calculate a project’s Expected Monetary Value, given that there’s a 60% chance of $100,000 in profit and a 40% chance of $100,000 in loss?
A1. EMV of a business is calculated as EMV= Impact x Probability
Use this to compute each value and get the difference.
0.6x100000=60000
0.4x100000=40000
Thus your EMV is 60000-40000 = $20,000 profit.
Q2. If you assume a range of estimates ends at +/- 3 sigma from your mean, what estimate range carries the lowest risk amount?
A2. The estimate giving the least range is the least risky.
Q3. If the expected runtime of a project is five months, and there is a 20% chance of a risk occurring in one month, what is the chance that this risk will come in the fourth month of the project?
A3. 20%
Q4. The accepted project deadline is approaching. But as a project manager, you only now realise that merely 75% of the scope has been completed. You issue a change request. What authorisation are you asking for in this change request?
A4. Action for correction based on situational causes
Q5. In which process for risk management can you identify risk?
A5. Perform Quantitative Risk Analysis to Identify Risks
Q6. What does RACI mean?
A6. Responsible, Accountable, Consulted, Inform
Q7. Which statement out of these is true?
A7. A program consists of several related projects.
Q8. As a project manager, you are meeting with the team for a refresher on lessons from past projects. What is this activity called?
A8. Risk identification
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Q9. You find a close friend of yours as a bidder at a bidding conference. What should you do next?
A9. Since there is a conflict of interest, inform your management team of this relationship.
Q10. If you find a 90% chance of any risk event occurring, with the result being $10,000, what is represented by $9000?
A10. Expected monetary value
Q11. Imagine a situation where an earthquake damages your construction project. The contractor tells you that the contractual terms cannot be fulfilled because of a specific clause in the contract. Which clause is this?
A11. Force majeure clause
Q12. The following factors are vital for the process of risk management, all except:
A12. Project status reports are usually not present the first time that you conduct risk management. Thus, it is not always a risk management input factor.
Q13. As a project manager, when you estimate the duration of an activity, you should:
A13. Involve professionals who will do the work to get accurate estimates.
Q14. Risk tolerance is calculated to aid:
A14. Understanding the stakeholders’ tolerance helps in predicting how they will react when faced with various risky situations and events. This allows easy assignment of risk for each activity.
Q15. Imagine you are leading a project that requires implementing and engineering multiple business processes and one customer relationship management (CRM) software solution. There are several organisations, including one large corporation and several suppliers, involved in this project. As it progresses, you notice the impact that the varying business cultures are having. There are varying business and process expectations relating to how the project is handled, leading to many misunderstandings among the stakeholders. Another issue is the lack of trust and growing scepticism among them. What should your first step be to unite these diverse groups of stakeholders?
A15. Analyse the impact and probability of each situation’s risks. Make a plan of action before responding.
Q16. It is getting harder to calculate the precise risk cost impact. As a project manager, it should be evaluated based on
A16. Qualitative basis
Q17. You are a project manager quantifying your project risks. Most of your experts are not on-site but want to be. How will you manage this?
A17. Use the Delphi technique. It is primarily used for getting expert views on technical problems, project scope etc.
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Q18. While executing a project as a project manager, you notice conflicts arising within a team at both interpersonal as well as technical levels. How will you appropriately and professionally handle this conflict?
A18. Address conflicts from the start privately. Use a collaborative and direct approach.
Q19. In which process of risk management is it decided to transfer risks?
A19. Plan risk response
Q20. When a control chart is used, outliers are
A20. Singular quantifications beyond the bandwidth of a lower and upper control limit.
Give your career a boost as you prepare for your PMP exam; enrol in a training course on Koenig Solutions today.
Archer Charles has top education industry knowledge with 4 years of experience. Being a passionate blogger also does blogging on the technology niche.