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PMI-001 Exam Dumps - PMI Project-Management-Professional Questions and Answers

Question # 124

Which type of contract is most commonly used by buying organizations because the price for goods is set at the outset and is not subject to change unless the scope of work changes?

Options:

A.

Fixed Price with Economic Price Adjustments Contract (FP-EPA)

B.

Cost-Reimbursable Contract (CR)

C.

Firm-Fixed -Price Contract (FFP)

D.

Fixed-Price-Incentive-Fee Contract (FPIF)

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Question # 125

Which action is included in the Control Costs process?

Options:

A.

Identify how the project costs will be planned, structured, and controlled

B.

Determine policies, objectives, and responsibilities to satisfy stakeholder needs

C.

Develop an approximation of the monetary resources needed to complete project activities

D.

Monitor cost performance to isolate and understand variances from the approved cost baseline

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Question # 126

What is a hierarchically organized depiction of the identified project risks arranged by risk category?

Options:

A.

Risk register

B.

Risk breakdown structure (RBS)

C.

Risk management plan

D.

Risk category

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Question # 127

Which technique is commonly used for the Perform Quantitative Risk Analysis process?

Options:

A.

Brainstorming

B.

Strategies for opportunities

C.

Decision tree analysis

D.

Risk data quality assessment

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Question # 128

In project management, a temporary project can be:

Options:

A.

Completed without planning

B.

A routine business process

C.

Long in duration

D.

Ongoing to produce goods

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Question # 129

Which Process Group and Knowledge Area include the Sequence Activities process?

Options:

A.

Executing Process Group and Project Time Management

B.

Executing Process Group and Project Cost Management

C.

Planning Process Group and Project Time Management

D.

Planning Process Group and Project Cost Management

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Question # 130

Which type of managers do composite organizations involve?

Options:

A.

Functional managers and manager of project managers

B.

Functional managers only

C.

Project managers only

D.

Technical managers and project managers

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Question # 131

The component of the human resource management plan that includes ways in which team members can obtain certifications that support their ability to benefit the project is known as:

Options:

A.

recognition and rewards

B.

compliance

C.

staff acquisition

D.

training needs

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Question # 132

A reward can only be effective if it is:

Options:

A.

Given immediately after the project is completed.

B.

Something that is tangible.

C.

Formally given during project performance appraisals.

D.

Satisfying a need valued by the individual.

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Question # 133

Which document includes the project scope, major deliverables, assumptions, and constraints?

Options:

A.

Project charter

B.

Project scope statement

C.

Scope management plan

D.

Project document updates

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Exam Code: PMI-001
Exam Name: Project Management Professional v5
Last Update: Aug 22, 2025
Questions: 918
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