PGMP practice questions 301–310

1. Question 301 · 439 in bank

   You are the program manager of the HNG Program. This program has a budget at completion of $2,345,900 and is expected to last two years. The program is currently 30 percent complete and you have spent $789,000. The program is supposed to be 35 percent complete but do to some delays you're slightly behind schedule. Based on this information, what is the schedule variance (SV) of this program?

   • A-$85,230
   • B$821,065
   • C-$284,100
   • D-$117,295

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   Answer: D

   Explanation

   the Answer is (D) Earned Value (EV) = 0.30 Planned Value (PV) = 0.35 Schedule Variance (SV) = Earned Value (EV) – Planned Value (PV) Schedule Variance (SV) = (0.30-0.35)*2345900 = -117295 := So the Answer is (D)

   Source: Adapted from community discussion — Fahad1989

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2. Question 302 · 439 in bank

   Your company and a competing company have created a teaming agreement for an opportunity. Through this team agreement you and your competitor can complete a major program for a client. This is, technically, a risk response for both organizations. What type of risk response are you dealing with in this instance?

   • ATeaming
   • BExploiting
   • CAccepting
   • DSharing

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   Answer: D

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3. Question 303 · 439 in bank

   You are the program manager of the HNG Program. This program has a budget at completion of $2,345,900 and is expected to last two years. The program is currently 30 percent complete and you have spent $789,000. The program is supposed to be 35 percent complete but do to some delays you're slightly behind schedule. Based on this information, how many pennies is the program losing per dollar invested in the program work?

   • A17
   • B11
   • C15
   • D14

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   Answer: B

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4. Question 304 · 439 in bank

   You are the program manager for your organization and are planning the program. One of the plans you need to create will define how you'll transfer the benefits of the program to the operations of your organization. Which program management plan defines this process?

   • AOperational transfer plan
   • BProgram transition plan
   • CBenefits transfer plan
   • DProgram closure plan

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   Answer: B

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5. Question 305 · 439 in bank

   A program has a BAC of $1,750,000 and is expected to last two years. The program is currently at the third milestone which represents 35 percent of the program work. As it happens, this program has already spent $620,000 of the budget. Management is concerned that the program may also be slipping on schedule because the program should be forty percent complete by this time. Based on this information which type of performing is present in this scenario?

   • ASchedule, because the program's planned value is only $700,000.
   • BCost, because the program has a cost variance of -7,500
   • CSchedule, because the program has a schedule performance index of .88.
   • DCost, because the program has an estimate to complete of $1,151,429.

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   Answer: C

   Explanation

   C is correct answer BAC = 1750000, AC = 620000 EV = 0,35 x 1750000 = 612,5 CPI = EV/AC = 612,5/620000 = 0,98175 PV = 0,4 x BAC = 0,4 x 1750000 = 700 SPI = EV/PV = 612,5/700 = 0,875 =0,88

   Source: Adapted from community discussion — tungdt

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6. Question 306 · 439 in bank

   A project manager in your program has estimated the cost of a program to be $145,000. As the project manager's project comes close to completion, the project manager realizes that he has still $27,876 left in his project budget. He decides to add some additional features to the project's deliverables in an effort to use the remaining budget. These additions will add value to the project and the project customer is likely to enjoy these new features. This is an example of what term?

   • AGold plating
   • BErrors and omissions
   • CExpert judgment by the project manager
   • DValue added change

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   Answer: A

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7. Question 307 · 439 in bank

   An organization supports both programs and projects for various industries. What is a portfolio?

   • AA portfolio is the total amount of funds that have been invested in programs, projects, and operations.
   • BA portfolio describes all of the monies that are invested in the organization.
   • CA portfolio describes the organization of related projects, programs, and operations.
   • DA portfolio describes any project or program within one industry or application areA.

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   Answer: C

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8. Question 308 · 439 in bank

   You are the program manager for your organization and you're trying to determine if you buy or build a software solution for your organization. If you build the solution it'll cost you $75,000 to create and it'll cost you $12,000 per month to support. If you hire a vendor they can build the solution for $63,000 but their solution will cost you $15,500 per month to support. How many months would you have to use your in-house solution to equate to the cost of the vendor's solution?

   • AApproximately 6 months
   • BYou'll never be able to equate to the cost of the vendor's solution.
   • CApproximately 3.5 months
   • DApproximately 10 months

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   Answer: C

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9. Question 309 · 439 in bank

   An aircraft manufacturer is engaged by an airline to build a fleet of new airliners. The program charter has been approved, but the stakeholders are concerned that the delivery method of the program may not meet their expectations. Using the program master schedule, what will the program manager incorporate to align the program with the expectations of the stakeholders?

   • AProgram work breakdown structure (PWBS), program scope statement, and benefits management plan
   • BPWBS, benefits management plan, and program financial management plan
   • CProgram charter, PWBS, and program scope statement
   • DProgram scope statement, benefits management plan, and program financial management plan

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   Answer: A

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10. Question 310 · 439 in bank

    What document asks the seller to provide your project with a detailed description of a project solution along with a price to complete the project work?

    • AProposal
    • BRFP
    • CBid
    • DQuote

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    Answer: B

    References

    • pmi.org documentation

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PGMP practice, question 301. 439 questions available.