PPM-001 Exam Questions and Answers | Exam-Dumps (Page: 9)

QUESTION: 41 Exam Topic: 1, Volume A

A project manager for a small construction company has a project that was budgeted for US $130,000 over a six-week period. According to her schedule, the project should have cost US $60,000 to date. However, it has cost US $90,000 to date. The project is also behind schedule, because the original estimates were not accurate.
Who has the PRIMARY responsibility to solve this problem?

Project manager
Senior management
Project sponsor
Manager of the project management office

Answer(s): A

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QUESTION: 42 Exam Topic: 1, Volume A

While reviewing project performance, the project manager determines that the schedule variance is -500.
What is the BEST thing to do?

Let the sponsor know.
Determine the cost variance.
Look for activities that can be done in parallel.
Move resources from the project to one that is not failing.

Answer(s): B

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QUESTION: 43 Exam Topic: 1, Volume A

The sponsor has informed you that the resources for your project will be cut. The sponsor wants to know how long the project will take if only nine resources each month are committed to your project.
What is this activity called?

Crashing
Floating
Leveling
Fast tracking

Answer(s): C

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QUESTION: 44 Exam Topic: 1, Volume A

A project has experienced significant delays due to equipment problems, staff attrition, and slow client reviews. The project is 40 percent complete and has used 60 percent of the available calendar time.
What is the FIRST thing you should do?

Rebaseline the schedule to reflect the new date.
Analyze the critical path activities for potential to fast track or crash the schedule.
Document the lack of progress and associated issues to management.
Identify activities that required more time than planned.

Answer(s): D

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QUESTION: 45 Exam Topic: 1, Volume A

To accommodate a new project in your department, you need to move resources from one project to another. Because your department is currently working at capacity, moving resources will inevitably delay the project from which you move the resources. It would cause the LEAST negative impact if you move resources from which of the following projects?

Project A with a benefit cost ratio of 0.8, no project charter, and four resources
Project B with a net present value of $60,000, 12 resources, and variable costs between US $1,000 and $2,000 per month
Project C with an opportunity cost of US $300,000, no project control plan, and an internal rate of return of 12 percent
Project D with indirect costs of US $20,000 and 13 resources

Answer(s): A

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GAQM PPM-001 Exam (page: 9) GAQM Professional in Project Management (PPM) Updated on: 25-Dec-2025

QUESTION: 41 Exam Topic: 1, Volume A

QUESTION: 42 Exam Topic: 1, Volume A

QUESTION: 43 Exam Topic: 1, Volume A

QUESTION: 44 Exam Topic: 1, Volume A

QUESTION: 45 Exam Topic: 1, Volume A

GAQM PPM-001 Exam (page: 9)
GAQM Professional in Project Management (PPM)
Updated on: 25-Dec-2025