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PMI PMI-001 Practice Test Questions Answers

Exam Code: PMI-001 (Updated 918 Q&As with Explanation)
Exam Name: Project Management Professional v5
Last Update: 29-Aug-2025
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Questions Include:

  • Single Choice: 918 Q&A's

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    All Project-Management-Professional Related Certification Exams

    Total Questions: 1988
    Updated: 29-Aug-2025

    PMI-001 Questions and Answers

    Question # 1

    The contract in which the seller is reimbursed for all allowable costs for performing the contract work and then receives a fee based upon achieving certain performance objectives is called a:

    A.

    Cost Plus Incentive Fee Contract (CPIF).

    B.

    Cost Plus Fixed Fee Contract (CPFF).

    C.

    Fixed Price Incentive Fee Contract (FPIF).

    D.

    Time and Material Contract (T&M).

    Question # 2

    An input of the Plan Procurement Management process is:

    A.

    Make-or-buy decisions.

    B.

    Activity cost estimates.

    C.

    Seller proposals.

    D.

    Procurement documents.

    Question # 3

    A collection of projects managed as a group to achieve strategic objectives is referred to as a:

    A.

    plan

    B.

    process

    C.

    program

    D.

    portfolio

    Question # 4

    What quality control tool graphically represents how various elements of a system interrelate?

    A.

    Control chart

    B.

    Flowchart

    C.

    Run chart

    D.

    Pareto chart

    Question # 5

    A given schedule activity is most likely to last four weeks. In a best-case scenario, the schedule activity is estimated to last two weeks. In a worst-case scenario, the schedule activity is estimated to last 12 weeks. Given these three estimates, what is the expected duration of the activity?

    A.

    Three weeks

    B.

    Four weeks

    C.

    Five weeks

    D.

    Six weeks

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