PMI PMI-PgMP Free Practice Questions — Page 3

Correct Answer: B. Quality control

Benefits management is the program management process specifically focused on defining, creating, maximizing, delivering, and transitioning program benefits to operations — it is the core differentiator between program management and project management. Option A (quality control) involves inspecting work results for defects and ensuring deliverables meet standards, which is unrelated to benefits delivery and transition. Option C (direct and manage program execution) is about performing the work defined in the program management plan, not specifically about delivering and transitioning benefits to operations. Option D (quality assurance) focuses on auditing processes to ensure quality standards are being applied, which has no direct relationship to benefits delivery or transition to operations.

Correct Answer: D. $2,661,750

The Present Value (PV) formula is: PV = FV / (1 + r)^n where FV = $3,567,000, r = 0.05, and n = 6. Calculating: (1.05)^6 = 1.3401 → PV = $3,567,000 / 1.3401 = $2,661,750 Option A ($1,550,850) is incorrect — it represents an overly aggressive discount that does not match the 5% rate over 6 years. Option B ($3,532,000) is barely below the future value, suggesting almost no discounting, which is mathematically wrong for 6 years at 5%. Option C ($2,502,750) applies too large a discount factor, possibly using an incorrect rate or period in the calculation.

Correct Answer: C. Communicate the change request status to the stakeholders and record the results of the change request in the change register.

In program management, all change requests — approved or rejected — must be documented in the change register and their status communicated to relevant stakeholders. This ensures full traceability, transparency, and audit trail regardless of the decision outcome. Option A (lessons learned documentation) is not the primary repository for change request outcomes — the change register is, and lessons learned serve a different, broader purpose at program closure. Option B (inform stakeholders of rejection) is partially correct but incomplete — it omits the critical step of recording the decision in the change register. Option D (inform stakeholders why rejected) is also partially correct but again incomplete — communication alone without formal documentation in the change register does not satisfy program management governance requirements.

Correct Answer: C. Risk register

The risk register is the single repository where all risks — both positive (opportunities) and negative (threats) — are identified, analyzed, and tracked throughout the program or project lifecycle. Option A (negative risk register) does not exist as a PMI artifact — there is no separate register for negative risks. Option B (risk management plan) defines the approach, methodology, and processes for managing risks but does not record individual risks — it is a planning document, not a tracking document. Option D (issues log) records issues that have already occurred — problems that are current and need resolution — while risks are potential future events that have not yet happened.

Correct Answer: A. $400,498

Using the Present Value formula: PV = FV / (1 + r)^n where FV = $450,000, r = 0.06, and n = 2. Calculating: (1.06)^2 = 1.1236 → PV = $450,000 / 1.1236 = $400,498 Option B ($521,345) is higher than the future value, which is mathematically impossible for a present value calculation — PV must always be less than FV when discounting. Option C ($505,620) is also greater than the future value, making it equally impossible as a present value result. Option D ($385,450) applies too large a discount factor, suggesting a higher rate or longer period was incorrectly used in the calculation.