PGMP practice questions 11–20

1. Question 11 · 439 in bank

   You are the program manager for your organization. You and your program team have been creating and transferring the program benefits to operations as feasible in your program execution. The process of delivering the program's benefits describes what process in program management?

   • AQuality control
   • BBenefits management
   • CDirect and manage program execution
   • DQuality assurance

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   Answer: B

   Explanation

   Program Benefits Management is the performance domain that defines, creates, maximizes, and delivers the benefits provided by the program. The answer should be Benefits Management

   Source: Adapted from community discussion — Jayoohhay

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2. Question 12 · 439 in bank

   You are the program manager of the NHQ Program. The program has reached its final deliverable and the certificate of completion has been created for the program. What else should you, the program manager, create at this time?

   • ALife cycle costing estimates
   • BLessons learned documentation
   • COperational transfer plan
   • DProgram closure reports

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   Answer: D

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3. Question 13 · 439 in bank

   Ned is the program manager for his organization and he's considering some new materials for his program. He and his team have never worked with these materials before and he wants to ask the vendor for some additional information, a demon, and even some samples. What type of a document should Ned send to the vendor?

   • ARFI
   • BRFP
   • CRFQ
   • DIFB

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   Answer: A

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4. Question 14 · 439 in bank

   If a program has a budget of completion of $550,000, is 25 percent complete, and has spent $135,000 what is the cost variance (CV)?

   • A.99
   • B-$2,500
   • C$2,500
   • D1.02

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   Answer: C

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5. Question 15 · 439 in bank

   Select 2

   Which of the following types of floats are available? Each correct answer represents a complete solution. Choose two.

   • AHalf float
   • BFull float
   • CTotal float
   • DFree float

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   Answer: CD

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6. Question 16 · 439 in bank

   In your program you must adhere to Six Sigma as part of your organization's enterprise environmental factors. There is terminology, reports, and measurements that you are expected to use as part of your program. Six Sigma is an example of what program management process?

   • AQuality control
   • BProcess improvement
   • CScope verification
   • DQuality assurance

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   Answer: B

   Explanation

   Six Sigma is a methodology used in project management. It is a quality management methodology used to reduce defects and maintain consistency in products.

   Source: Adapted from community discussion — SyedCert

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7. Question 17 · 439 in bank

   You are the program manager of the NHQ Program. You will need to initiate six projects for your program. When should project initiating happen within a program?

   • AWhenever the program needs to initiate projects, it may, as long as the program has not entered the closing processes of the program.
   • BWith program execution
   • CWith program initiation
   • DWith program planning

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   Answer: B

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8. Question 18 · 439 in bank

   What is the present value of a program that will be worth $3,567,000 if it lasts for six years and the rate of return is five percent?

   • A$1,550,850
   • B$3,532,000
   • C$2,502,750
   • D$2,661,750

   Show answer

   Answer: D

   Explanation

   Formula: PV = FV / (1+i)^n PV is Present Value FV is Future Value i is Interest n is number of years You will need a Scientific calculator using the big X to exponent Y button. Here is the order of operations: 1. 1 + the interest rate is 1.05 2. 1.05 to the 15th power 3. divide $3,567,00 by that number But with the scientific calculator, do the formula: $3,567,000 / (1.05)^16

   Source: Adapted from community discussion — ReevesT

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9. Question 19 · 439 in bank

   You are the program manager for your organization and management has asked you to be certain to finalize the lessons learned documentation for your program. When will the lessons learned documentation be created?

   • ALessons learned are in program execution.
   • BLessons learned are created at each program deliverable.
   • CLessons learned are created during the program closure.
   • DLessons learned are created during the program archive.

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   Answer: C

   Explanation

   The key to the answer of this question is in “when Lessons Learned is finalized. While LL can be gathered throughout the course of the project/program, but it’s only finalized during the program closure phase thus Option C is the right answer.

   Source: Adapted from community discussion — Jayoohhay

   References

   • pmi.org documentation

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10. Question 20 · 439 in bank

    You are the program manager of a new program in your organization. This program will last for one year and your program team will work full-time on the effort. The nature of the work requires that the program team work closely together for the next year, but many of the program team members have never met one another. You decide to take the team on an outing where they can work together through challenges, learn teamwork, and get to know one another. This is an example of what process?

    • ACost of quality
    • BStorming
    • CForming
    • DTeam development

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    Answer: D

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PGMP practice, question 11. 439 questions available.