1. Financial Management Mcq

Management of conflicts and negotiation multiple choice questions (MCQs), project management test questions quiz questions and answers for online PMP degree. Learn requirements and principles of negotiation, partnering, chartering and scope change, negotiation and project management, project management test questions test prep for IAPM. Management MCQ questions provides you all type of Marketing, Management, HRM, Business Communication, International Finance and Other General Mcq questions related on Management and Marketing with easy and logical explanations.

Instructions For Taking the PMP Test QuestionsThis set of PMP test questions contains eight questions. You should attempt these PMP test questions in 10 minutes by choosing the best option. The answer key is provided at the end of this PMP practice test. The answer key also contains links to further reading material available at Bright Hub.Your aim should be to get seven or eight questions correct. Good Luck on the PMP certification test! PMP Practice TestPMP Test Questions 1:During the execution of a project, a risk is identified by a team member.

This newly identified risk is currently not in the. As a Project Manager, what is the first action you would take after being notified of the risk?a) Discuss the risk with the team to ascertain the impact and probability of the riskb) Analyze the risk.c) Hold a meeting with the team leads to determine dependency and secondary risks.d) Update the.PMP Test Questions 2:Your project has met with an unexpected problem. The supply of a critical component of your final product is delayed by 25 days. You need to show an alpha prototype of the product in 15 days.

You’ve called a brainstorming team meeting to determine if you can deliver this limited version without the critical component. What are you trying to create?a) Ab) A risk mitigation strategyc) A workaroundd) An updated scope baselinePMP Test Questions 3:By looking at the Decision Tree on the right, which decision would you take? A) Build the new software.b) Buy the new software.c) Staying with the legacy software.d) None of the above.PMP Test Questions 4:Which of the following processes has the as the primary output?a) Perform Qualitative Risk Analysisb) Monitor and Control Risksc) Plan Risk Managementd) Identify RisksPMP Test Questions 5:During the Identify Risks process, you’ve invited 18 participants for a brainstorming session.

You’ve divided the participants into groups. For you to have an effective brainstorming session, what is the recommended size of each group?a) 2b) 3c) 6d) 9PMP Test Questions 6:After conducting a SWOT Analysis, you have determined that a business deal is worth pursuing. You are required to use Agile development practices. In your company, there is no expertise in Agile development.

Financial Management Mcq

Hence, you partner with another organization that specializes in Agile development. PMP Test Questions 1:B. When the Project Manager is notified of a risk, it is her responsibility to analyze the risk and take it further. She can ask for more details from the team, if required. However, the first action will always be to analyze the risk. For more information, read.PMP Test Questions 2:C.

Options B and C are the only possible answers. Mitigation strategies are planned for identified risks.

In this case the risk has already happened. Therefore, the meeting is to determine a workaround. For more information, read.PMP Test Questions 3:B. To solve this problem, you need to find the EMV of each option. To view a worked out solution, read.PMP Test Questions 4:D.

The p rocess of Identify Risks has the Risk Register as the major output. For more information, read.PMP Test Questions 5:B. Research has shown that to have effective brainstorming sessions the size of each group should be limited to 3. Each group should also be diverse.

For more information, read.PMP Test Questions 6:A. This is an example of responding to an opportunity (positive risk). There are four strategies to respond to positive risks. For more information, read.PMP Test Questions 7:A. Risk probability and impact are defined during Perform Qualitative Risk Analysis. They are quantified in the Perform Quantitative Risk Analysis process.

For more information, read.PMP Test Questions 8:A. The Expected Monetary Value (EMV) is 10% x 100,000 = 10,000, which is the same as the insurance cost.

Therefore, A is the correct option. For more information, read. More Free PMP QuizzesFor more free PMP practice questions, refer to:.This post is part of the series: Risk Register: Templates, Examples, and Tips.