[2024] PPM-001 Dumps are Available for Instant Access

Valid PPM-001 Dumps for Helping Passing PPM-001 Exam!

Topics of GAQM PPM-001: Professional in Project Management (PPM) Exam

candidates must know the exam topics before they start of preparation. Our GAQM PPM-001 exam dumps will include the following topics:

Module 1 - Project Management Fundamentals

• Defining a project and project management
• Project planning worksheets
• Selling your own project ideas
• How projects can benefit you and your organization
• Creating a vision

Module 2 - Project Management Training

• Teamwork and development
• The role of a project manager
• Team meetings
• A project's life cycle
• Selling and preparing a project
• The work breakdown structure
• Project presentations
• Project management basics
• Communication

Module 3 - Intermediate Project Management

• Budgeting
• Schedule and budget compression
• Scheduling your project
• What really needs to be done?

Module 4 - Effective Planning & Scheduling

• Communication
• Projects and schedules
• The Work Breakdown Structure (WBS)
• Scheduling software
• Estimating activity durations
• Identifying task dependencies
• Creating a viable schedule
• Updating and monitoring the schedule

Module 5 - Advanced Project Management

• Dealing with Problem Team Members
• Building a Winning Team
• Nine Easy Ways to Reward Your Team
• Choosing the Project Team
• Scheduling Your Project

Module 6 - Team Building

• Obtaining Consensus
• Communication Skills
• Team Problem-Solving
• Managing Team Conflict
• The TORI model
• Types of teams
• The Team Player Survey
• SWOT Analysis
• DeBono's Thinking Hats

 

NEW QUESTION # 94
The Delphi Method is well-suited for:

• A. Decision-making
• B. Overhead rate estimating
• C. Forecasting
• D. All of the other alternatives apply
• E. Decision-making and Forecasting

Answer: E

NEW QUESTION # 95
Risk event probability is defined as:

• A. the total number of possible events divided into the expectations or frequency of the risk event
• B. the number of times the risk event may occur
• C. Both 1) the total number of possible events divided into the expectations or frequency of the risk event and 2) the number of times the risk event may occur.
• D. the total number of possible events divided into the consequences of the risk event.
• E. the fraction of the total project tasks which may be affected by the risk event

Answer: A

NEW QUESTION # 96
Which of the following would most likely increase the accuracy of estimating the project cost?

• A. Both 1) Pricing out the work at lower levels in the work breakdown structure, and 2) Talking to people who have worked on similar projects.
• B. Talking to people who have worked on similar projects.
• C. Pricing out the work at lower levels in the work breakdown structure.
• D. Using historical data.
• E. 1) Pricing out the work at lower levels in the work breakdown structure, and 2) Talking to people who have worked on similar projects, and 3) Using historical data.

Answer: E

NEW QUESTION # 97
In which of the following contract types is a price ceiling set and any additional costs above the price ceiling becomes the responsibility of the performing organization?

• A. Fixed-Price-Incentive-Fee Contracts (FPIF)
• B. Time and Materials Contracts (T&M)
• C. Cost-Reimbursable Contracts
• D. Firm-Fixed-Price Contracts (FFP)

Answer: A

NEW QUESTION # 98
A project has seven activities: A, B, C, D, E, F, and G.
Activities A, B, and D can start anytime. Activity A takes 3 weeks, Activity B takes 5 weeks, and Activity D takes 11 weeks. Activities A and B must be completed before Activity C can start. Activity C requires 6 weeks to complete. Activities B, C, and D must be completed before Activity E can start. Activity E requires 2 weeks. Activity F takes 4 weeks and can start as soon as Activity C is completed. Activity E must be completed before Activity G starts. Activity G requires 3 weeks. Activities F and G must be completed for the project to be completed. Which activities have float available?

• A. There is no float available in the project.
• B. Activity A has eight weeks float.
• C. Activity A has two weeks float, activity F has one week.
• D. Activity F has one week float.

Answer: C

NEW QUESTION # 99
True or False: When you are creating your project's vision, you should be as creative as you can.

• A. True
• B. False

Answer: A

Explanation:
Creating a project's vision involves defining the future state or ultimate goal of the project. It is important to be as creative as possible to inspire and guide stakeholders, as well as to capture the full potential of what the project can achieve. The vision sets the direction and end goal for the project team and helps in aligning the project's objectives with the strategic goals of the organization. It should be compelling and clear to motivate the team and stakeholders. References: The information is aligned with the principles of project management as outlined in the Professional in Project Management (PPM) modules, which emphasize the importance of creating a vision and setting project goals as part of project management fundamentals1. Additionally, the Project Management Body of Knowledge (PMBOK) guide also supports the concept of a well-defined project vision as part of project management best practices23.

NEW QUESTION # 100
Parametric estimates are based on variables such as:

• A. The WBS and similar projects.
• B. Physical characteristics and historical data.
• C. Precise measurements and multiple inputs.
• D. Detailed planning and cost restraints.
• E. Project objectives and manpower allocations.

Answer: B

NEW QUESTION # 101
An input required to develop a preliminary project scope statement is:

• A. Organizational Structure
• B. Organizational Process Assets
• C. Organizational Matrix
• D. Organizational Breakdown Structures

Answer: B

NEW QUESTION # 102
You are a project manager for an engineering company. Your company won the bid to add ramp-metering lights to several on-ramps along a stretch of highway at the south end of the city. You subcontracted a portion of the project to another company. The subcontractor's work involves digging the holes and setting the lamp poles in concrete. The subcontractor's performance is not meeting the contract requirements. Which of the following is not a valid option?

• A. You document the poor performance in written form and send the correspondence to the subcontractor.
• B. You submit a change request through Contract Administration demanding that the subcontractor comply with the terms of the contract.
• C. You agree to meet with the subcontractor to see whether a satisfactory solution can be reached.
• D. You terminate the contract for poor performance and submit a change request through Contract Administration.

Answer: B

Explanation:
The contract change control system describes the processes you'll use to make changes to the contract, not as a means of communication. The changes might include contract term changes, date changes, and termination of a contract.

NEW QUESTION # 103
True or False: You can save up to an hour each day just by getting organized.

• A. True
• B. False

Answer: A

Explanation:
The statement that one can save up to an hour each day by getting organized is generally supported by time management principles. Effective organization and time management can lead to significant time savings by reducing the time spent searching for information or resources, streamlining processes, and prioritizing tasks more efficiently.
References: This concept is aligned with the project management principles found in the Professional in Project Management (PPM) materials, which emphasize the importance of organization and time management in achieving project success12.

NEW QUESTION # 104
Most project (and non-project) managers prefer _____ communications.

• A. Upward
• B. Written
• C. Oral
• D. Lateral
• E. Downward

Answer: C

NEW QUESTION # 105
A project manager believes that the best way to manage is to form a good, harmonious working relationship with the team, and high performance will follow. The project manager could be defined as a _____ manager.

• A. 1,1
• B. 9,1
• C. 5,5
• D. 9,9
• E. 1,9

Answer: E

Explanation:
Section: (none) Explanation/Reference: Four types of project leader that are considered best suited to different project circumstances are, imaginative Explorer (9,9), assertive Driver (9,1), catalyst Coordinator (5,5) and Professional Administrator (1,9) are placed in four quadrants of Focus (X) and Approach (Y) axis of General Personality Characteristics Grid. These values of (9,9), (9,1), (1,9) and (5,5) are Blake-Mouton Grid descriptions. (Refer to http://www.maxwideman.com/papers/profiles/general.htm) (1,9) represents Administrator who believes in forming a good, harmonious working relationship with the team. Administrator recognizes the need for stability, typically in order to optimize productivity through maximizing repetition to the extent possible on a project and to get the work finished. Often, requisite information must be assembled and carefully analyzed, with thought given to the trade-offs and how conflicts and problems can be resolved and disposed of in advance. Work must be carefully scheduled and procedurized if potential gains are to be realized and "all the pieces are to be carefully put in place".So, Answer A (1,9) the Administrator manager.

NEW QUESTION # 106
You are the project manager of a project .You have just completed the Collect
Requirements and Define Scope. What should you do next?

• A. Control Scope
• B. Verify Scope
• C. Create WBS
• D. Value analysis

Answer: C

Explanation:
Create the WBS is the process that follows Collect Requirements and Define Scope.

NEW QUESTION # 107
True or False: It's always a good idea to be an optimist.

• A. False
• B. True

Answer: A

Explanation:
While optimism is a beneficial trait in project management, it is not always the best approach to be an optimist. The concept of optimism bias, which can lead project leaders to underestimate risks and overestimate benefits, is well-documented. Effective project management requires a balance between optimism and realism.
Being overly optimistic without acknowledging potential risks can lead to poor decision-making and project failure. Therefore, it's crucial to manage optimism with a realistic assessment of project situations, risks, and uncertainties.
References: = Professional in Project Management (PPM) Reference Materials1, PMBOK Guide2.

NEW QUESTION # 108
In a matrix organizational form, which factor(s) make it difficult for a project manager to provide a valid input into the employee's performance review?

• A. Not working directly with the assigned functional employees
• B. Not being knowledgeable enough to evaluate employees on technical judgment
• C. Both 1) Not working directly with the assigned functional employees, and 2) Employees spend only a short amount of time assigned to the project.
• D. All of the other alternatives apply
• E. Employees spend only a short amount of time assigned to the project

Answer: D

NEW QUESTION # 109
What is the difference between expected monetary value and net present value?

• A. Expected value is the value it takes to recover your investment and net present value is the value of money.
• B. Expected value is the probability times impact of an opportunity and net present value is the benefits less costs over many time periods.
• C. Expected value is the estimated value of the work actually accomplished and net
  present value is the value of the work to be done.
• D. Expected value is the estimated value of risk response plans and net present value helps determine the value of investments.

Answer: B

NEW QUESTION # 110
The initial development of a Project Scope Management plan uses which technique?

• A. Scope decomposition
• B. Expert judgment
• C. Product analysis
• D. Alternatives identification

Answer: B

NEW QUESTION # 111
Management styles associated with production environments, such as assembly lines commonly include:

• A. a Theory X style of leadership
• B. a lack of confidence in their workers
• C. a directing style of leadership.
• D. assumption that workers lack ambition and dislike responsibility
• E. All of the other alternatives apply.

Answer: E

NEW QUESTION # 112
During what process is the quality policy determined?

• A. Executing
• B. Initiating
• C. Controlling
• D. Planning

Answer: D

NEW QUESTION # 113
Which tool and technique is used to sequence activities?

• A. Decomposition
• B. Project management software
• C. Expert judgment
• D. Applying lead and lags

Answer: D

NEW QUESTION # 114
If the Schedule Variance (SV) =$55, and the Planned Value (PV) =$11, what is the Earned Value (EV)?

• A. $66
• B. $44
• C. $0.2
• D. $5

Answer: A

NEW QUESTION # 115
When does risk monitoring and control occur?

• A. At project milestones
• B. At project initiation
• C. During work performance analysis
• D. Throughout the life of the project

Answer: D

NEW QUESTION # 116
True or False: Doing quick and easy tasks right away is one way to manage time better.

• A. True
• B. False

Answer: A

Explanation:
Addressing quick and easy tasks immediately can be an effective time management strategy. This approach aligns with the concept of "time management" as outlined in the PMBOK Guide, which involves planning and organizing to use one's time efficiently and effectively. By tackling simple tasks right away, one can prevent them from accumulating and becoming a larger burden, thus managing one's time more effectively. This method is akin to the "Eat that frog" technique, which suggests completing the most impactful tasks first to improve productivity and time management.
References: = PMBOK Guide, 6th Edition, Chapter 6: Project Time Management; Smartsheet article on Project Time Management1.

NEW QUESTION # 117
A project manager discovers that two team members discussed what was needed to complete a work package on the project and made many changes to the project scope. The work package is now completed and the team members are planning to go on to the next work package. In looking at what was done, the project manager determines that the work does NOT meet the requirements of the project. What is the BEST course of action for the project manager?

• A. Add another work package, formatted with the correct scope, to the project.
• B. Refuse the submittal of the work package.
• C. Ask the team member's manager to assign different people to the work package.
• D. Have the team begin the work package again and include the incident in their performance reviews.

Answer: B

NEW QUESTION # 118
True or False: In order for a group of people to be considered a team, they must be in the same physical location.

• A. False
• B. True

Answer: A

Explanation:
The concept of a team in project management is not confined to a single physical location. A team can consist of individuals working together towards a common goal, regardless of their geographical locations. This aligns with the modern understanding of project teams, which often includes remote and virtual collaboration. The Professional in Project Management (PPM) acknowledges the importance of teamwork and collaboration in project management, which can be effectively achieved through various communication technologies and strategies, allowing team members to work together from different locations1234. References:
* Professional in Project Management (PPM) Certification Overview, GAQM1.
* "Professionalism and the Project Manager," PM World Journal2.
* "The work of a project team - working together in order to work," PMI3.
* "Project Management Team," Project Management Knowledge4.

NEW QUESTION # 119
......

Updated PPM-001 Dumps Questions For GAQM Exam: https://www.testsimulate.com/PPM-001-study-materials.html

UPDATED GAQM PPM-001 Exam Questions & Answer: https://drive.google.com/open?id=1wR5kJXe6INzy4wxSjRMgRZOdO1tPdpFD