PMI PGMP Certification Exam Questions with AI Explanations

QUESTION: 113

Ned is the program manager for his organization and he's considering some new materials for his program. He and his team have never worked with these materials before and he wants to ask the vendor for some additional information, a demon, and even some samples. What type of a document should Ned send to the vendor?

RFI
RFP
RFQ
IFB

Answer(s): A

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QUESTION: 114

If a program has a budget of completion of $550,000, is 25 percent complete, and has spent $135,000 what is the cost variance (CV)?

.99
-$2,500
$2,500
1.02

Answer(s): C

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QUESTION: 115

Which benefit measurement method considers the value of each time period's return for a project that will create deliverables over multiple time periods?

Net present value
Future value
Present value
Cost-Benefit ratio

Answer(s): A

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QUESTION: 116

Which of the following types of floats are available? Each correct answer represents a complete solution. Choose two.

Half float
Full float
Total float
Free float

Answer(s): C,D

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QUESTION: 117

You are the program manager of the YHT Program. You have been working with a vendor in the program but have decided that the contract between your program and the vendor needs to be terminated. What two things must be documented if you wish to terminate a vendor's contract?

Contract and the quality measurements for the vendor's work
The scope verification document and the termination notice
Contract and scope verification process documents
Work that has been completed and uncompleted work

Answer(s): D

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QUESTION: 118

In your program you must adhere to Six Sigma as part of your organization's enterprise environmental factors. There is terminology, reports, and measurements that you are expected to use as part of your program. Six Sigma is an example of what program management process?

Quality control
Process improvement
Scope verification
Quality assurance

Answer(s): D

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QUESTION: 119

You are the program manager of the NHQ Program. You will need to initiate six projects for your program. When should project initiating happen within a program?

Whenever the program needs to initiate projects, it may, as long as the program has not entered the closing processes of the program.
With program execution
With program initiation
With program planning

Answer(s): A

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QUESTION: 120

Joan is the program manager for her organization. Throughout the program life cycle there will be several elements, resources, and benefits that can be transitioned from her program to the organization. What document defines how these things can be transferred from the program to the organization?

Operational transfer alliance plan
Program milestone list
Program transition agreement
Program scope statement

Answer(s): C

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QUESTION: 120