PMP Pdf Exam Dump - Quiz 2025 First-grade PMP: Valid Project Management Professional (2024 Version) Test Syllabus

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The PMP certification exam is an essential credential for project management professionals. The 2022 version of the exam has been updated to reflect current industry standards and practices, emphasizing the importance of Agile and hybrid methodologies. PMP exam is rigorous and requires significant preparation, but achieving this certification is a valuable achievement that can enhance a project manager's career prospects and earning potential.

PMI PMP Certification Exam is updated periodically to ensure that it remains relevant and reflects the latest practices and trends in project management. The current version of the exam, which was released in 2021, is known as the PMP Exam Content Outline. It covers a range of topics including project integration management, scope management, schedule management, cost management, quality management, resource management, communication management, risk management, procurement management, and stakeholder management.

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The PMP Exam has recently undergone a significant update, and the new 2023 version is set to be released soon. The new exam will include changes to the exam content, format, and scoring system. It will also reflect the latest trends and best practices in project management.

PMI Project Management Professional (2024 Version) Sample Questions (Q1566-Q1571):

NEW QUESTION # 1566
On a wireless internet access project, the team is large with 40 people, and controlling communication has been a challenging for the team to make progress. The Project Coordinator has been used to help with this problem. What is one of the main differences between the Project Coordinator and the Project Expeditor?

A. The Project Expeditor is another title for the Project Manager
B. The Project Coordinator has decision-making ability
C. The Project Expeditor is another title for Project Coordinator
D. The Project Expeditor has decision-making ability

Answer: B

Explanation:
Section: Mix Questions

NEW QUESTION # 1567
You have a choice of accepting a fixed price contract for $115,000 with a liquidated damages clause or $100,000 without the clause. There is a 60% chance your cost will be $90,000 and 40% chance your cost will be $80,000. There is a 98% chance of meeting your schedule but the penalty if missed is $50,000. Which is the best contract choice and how much profit would you make?

A. Contract without the clause; profit is $14,000
B. Contract without the clause; profit is $27,980
C. Contract with the clause; profit is $14,000
D. None of the above

Answer: D

Explanation:
A liquidated damages clause is a clause in the contract that specifies a dollar amount to be paid if some provision of the contract is not met. It is a way of contractually setting the damages for some failure to perform. The answer to the problem is (from a previous post):You get the expected value multiplying an outcome by the probability of it occurring, and adding up these products for all outcomes. For the contract without the clause, you get paid $100,000. One outcome is that you will spend $90,000. Your profit will be $10,000. There is a 60% chance of this outcome occurring, so you get $10,000*0.6=$6,000. The other outcome is that you will spend $80,000. Your profit will be $20,000. There is a 40% chance of this outcome occurring, so you get $20,000*0.4=$8,000. If you add these two up, you get$14,000. If you decide to take the $100,000 contract, your "average" profit will be $14,000.For the contract with the clause, you get paid $115,000. If you will spend $90,000, your profit will be $25,000. There is a 60% chance of this outcome occurring, so you get $25,000*0.6=$15,000. If you spend $80,000, your profit will be $35,000. There is a 40% chance of this outcome occurring, so you get $35,000*0.4=$14,000. Since the problem doesn't say otherwise, assume that no matter how much you spend, there is a 2% of missing the schedule. If you do, you pay $50,000. $50,000*0.02=$1,000. You will subtract this amount from the total, since this money would come out of your profit. If you add these all up, you get $15,000+$14,000-$1,000=$28,000. If you decide to take the $115,000 contract with the liquidated damages clause, your "average" profit will be $28,000.Answer contract with clause, expected profit $28,000.

NEW QUESTION # 1568
Which illustrates the connection between work that needs to be done and its project team members?

A. Work breakdown structure (WBS)
B. Network diagrams
C. Responsibility assignment matrix (RAM)
D. Staffing management plan

Answer: C

NEW QUESTION # 1569
Which output is the approved version of the time-phased project budget?

A. Trend analysis
B. Cost baseline
C. Resource calendar
D. Scope baseline

Answer: B

NEW QUESTION # 1570
What is not a reason for companies to organize Lessons learned?

A. Phase-end lessons learned sessions provide a good team building exercise for project staff members.
B. Lessons learned should focus on identifying those accountable for errors and failures.
C. Lessons learned sessions should bring about recommendations to improve future performance on projects.
D. Lessons learned databases are an essential element of the organizational process assets.

Answer: B

NEW QUESTION # 1571
......

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PMP Pdf Exam Dump - Quiz 2025 First-grade PMP: Valid Project Management Professional (2024 Version) Test Syllabus

Valid PMP Test Syllabus, Test PMP Passing Score

PMI Project Management Professional (2024 Version) Sample Questions (Q1566-Q1571):

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