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10 PMP Exam FAQs-Project Time Management Questions,Answers

This page of project management blog covers top 10 PMP Exam FAQs. This PMP Exam questions and answers are based on project time management.

List of Frequently Asked Questions(FAQs) and Answers

Question-1: The main difference between the three types(ADM,PDM) of the CPM of scheduling is
a. Placement of the activity on the logic diagram line
b. ADM is a deterministic method, whereas the PDM is a probabilistic method
c. PDM is a deterministic method, whereas the ADM is a probabilistic method
d. ADM is a more accurate
Answer-1:

Question-2: To decrease the total project duration for the least incremental cost is called:
a. Crashing
b. PERT
c. ADM or PDM forward and backward pass to determine the critical path
d. Fast Tracking
Answer-2:

Question-3: A Gantt chart is useful in determining:
a. The level of effort of a task
b. When a task starts and stops
c. Who is assigned to do a task
d. Relative priority of tasks
Answer-3:

Question-4: The PDM provides project managers with knowledge of:
a. All levels of the WBS
b. Tasks likely to be involved in the project integration and resource allocation functions
c. A graphical representation of the task interdependencies
d. What the project completed date is
Answer-4:

Question-5: The PERT duration calculation for an activity that has an optimistic duration estimate of 1 week, a most likely duration estimation of 2 weeks, and a pessimistic duration estimate of 6 weeks, the PERT weighted average is
a. 1 Week
b. 2 Weeks
c. 2.5 Weeks
d. 3 Weeks
Answer-5:
Te = (O + 4 x M + P)/6;
Te = (1 + 4 x 2 + 6)/6 weeks
Te = 2.5 weeks

These PMP EXAM FAQs on time management cover questions and answers very useful for the PMP aspirants.

Question-6: Consider the following data:
Activity->Preceding Activity->Est. in Days
START-> (NIL) -> (0)
D -> (START) -> (4)
A -> (START) -> (6)
F -> D,A -> (7)
E -> D -> (8)
G -> F,E -> (5)
B -> F -> (5)
H -> G -> (7)
C -> H -> (8)
END -> C,B -> (0)

a. What is the duration of the critical path?
b. What is the slack of activity B?
c. What is the slack of activity E?
d. What is the slack of activity D?

Answer to PMP FAQ

Answer-6:
1. The critical path is 33 days
2. Slack of Task-B is 15 days (Task A & F must occur before B can start and they will finish no sooner than the end of day 13. Task B takes 5 days so the earliest B can finish is the end of day 18. Therefore Slack is 33-18 = 15 days.)
3. Slack of Task E is 1 day. (Task E must be completed before G, H & C. So LF of E is 33-8-7-5 or 13th day. Task E must be completed after task D, So EF is 4+8 or 12thday. Therefore Slack of Task E is 13-12 or I day)
4. Slack of Task D is 1 day

Question-7: Management has told you to get the project completed 2 weeks early. What is the BEST thing for you to do?
a. Consult the project sponsor
b. Crash
c. Fast track
d. Advise the customer(management) of the impact of the change
Answer-7:

Question-8: To reduce the project duration by 2 weeks on the management's request, you have assigned a more experienced resource to task Start-B in order to complete it in 7 weeks instead of 9 weeks. But it would cost an additional Rs. 20000 to do so. You could eliminate part Task C-D or E-End and save Rs. 5000 and 1 week of work. You could move work from Task A-C to Task B-E and save Rs.2000. What is the cost of compressing this project?

AOA PMP FAQ

Answer-8:

Question-9: Which estimating method uses time estimate for each task?
a. Simulation
b. CPM
c. Monte Carlo
d. Control Charts
Answer-9: Both Simulation and Monte Carlo use risk estimates. Control charts are not an estimating method. CPM is the estimating method uses time estimate for each task.

Question-10: You are a project manager for a new product development project that has four levels in the work breakdown structure, and has been sequenced using the arrow diagramming technique. The duration estimates have been compressed and a schedule created. What time management activity would you do NEXT?
a. Begin Schedule control
b. Begin activity resource planning
c. Analogous estimate the schedule
d. Gain approval
Answer-10: Choice C and B should have already been done. Choice A is next time process after schedule development, but schedule is not finished. Final approval (choice D) of the schedule by the stakeholders is needed before one has a project schedule. Every completed deliverable needs to be formally approved by a stakeholder or customer.

Answers to Project Time Management FAQS

1. A   2. A   3. B   4. C   5. C   6. Check Above   7. D   8. Check Above   9. B   10. D

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