Free PPM-001 Exam Braindumps
Professional in Project Management (PPM) Questions 196–200 (page: 41)

Updated On: 10-Feb-2026

The major difference between PERT and CPM networks is:

  1. PERT is measured in days whereas CPM uses weeks or months.
  2. PERT addresses only time whereas CPM also includes cost and resource availability.
  3. PERT requires three time estimates whereas CPM requires one time estimate.
  4. PERT is used for construction projects whereas CPM is used for R &
  5. PERT requires computer solutions whereas CPM is a manual technique.

Answer(s): C



Risk event probability is defined as:

  1. the total number of possible events divided into the expectations or frequency of the risk event
  2. the fraction of the total project tasks which may be affected by the risk event
  3. the number of times the risk event may occur
  4. 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.
  5. the total number of possible events divided into the consequences of the risk event.

Answer(s): A



You've been assigned as a project manager on a research and development project for a new dental procedure. You're working in the Scope Planning process.
What is the purpose of the project scope management plan?

  1. The project scope management plan describes and documents a scope baseline to help make future project decisions.
  2. The project scope management plan decomposes project deliverables into smaller units of work.
  3. The project scope management plan describes how project scope will be developed and how changes will be managed.
  4. The project scope management plan describes how cost and time estimates will be developed for project scope changes.

Answer(s): C

Explanation:

The scope management plan outlines how project scope will be managed and how changes will be incorporated into the project.



What are you likely to see as a project progresses in a schedule with must fix dates and little or no slack?

  1. Idle resources
  2. Negative float
  3. Lots of free float
  4. Positive float

Answer(s): B



The ability to achieve cost savings is inversely proportional to _____.

  1. empowerment to the P.M.
  2. productivity
  3. the estimated costs to complete
  4. the earned value achieved to date
  5. None of the other alternatives apply

Answer(s): D



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