False information on the PMP® application
George, one of your co-workers, is applying to take the PMP® exam. When you ask him about the process, he tells you that although he does not have enough experience to qualify, he is simply increasing his actual project hours to fill any gaps. You know this is wrong and the best thing for you to do is:
A. Tell his manager that he is being unethical
B. Confront him and recommend that he apply for the CAPM® exam instead
C. Notify PMI® directly
D. Do nothing
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Situational heuristic
You, the project manager, have a deliverable due in three days, just in time for your client to showcase at her annual event. However, you just learned that a shipment has been delayed and it will push your delivery date out by a day. What is the first thing you should do?
A. Notify your client
B. Notify your manager
C. Evaluate the options
D. Assess the impact
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Labor cost
While planning your budget, you decide to categorize your types of costs. Labor, the biggest cost on the project, is best categorized as a(n):
A. Fixed cost
B. Variable cost
C. Direct cost
D. Indirect cost
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Contract communications
Contracts should typically be communicated through:
A. Informal written
B. Informal verbal
C. Formal written
D. Formal verbal
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Getting better over time
Part of your project includes building one hundred widgets. You know that it will take longer and be more costly to do the first widget as opposed to the one-hundredth widget because of improved efficiency. This is known as:
A. Historical information
B. Bottom up estimating
C. Learning curve
D. PERT estimating
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WBS breakdown
While working on a WBS, breaking down work into manageable parts is known as:
A. Decomposition
B. WBS dictionary
C. Work package
D. Scope management
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Lag or lead? Critical path or non-critical path?
Although you got your project schedule approved prior to starting it, your client just moved the target finish date up two days. In order to finish the project two days earlier, which of the following can you apply?
A. Add two days of lag to the critical path
B. Add two days of lag to a non-critical path
C. Add two days of lead to the critical path
D. Add two days of lead to a non-critical path
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Contract types 101
After deciding to outsource a part of the project, your sponsor tells you that he wants a contract with the least amount of risk. What type of contract will you be seeking?
A. Fixed price
B. Time and materials
C. Cost plus fixed fee
D. Cost plus percentage of cost
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Opportunity cost
During the project selection stage, you learn that the value of Project A is $100,000 and the value of Project B is $75,000. Ultimately, Project A was chosen. As a result, the opportunity cost of that decision is:
A. $100,000
B. $75,000
C. $25,000
D. $175,000
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Customary gifts
While working as a project manager for your company, you travel to another country to meet with the client. During that visit, the client gives you a package and tells you that it is customary in their country to offer gifts. However, your company policy does not allow you to accept gifts. Therefore, you should:
A. Refuse the gift
B. Accept the gift anyway
C. Refuse the gift at first but accept it if the client insists
D. Accept the gift and notify your manager
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