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NEW QUESTION 423
During the execution of a project, the finance team identified that they were not involved in building the business case for the project and will not approve the estimated return on investment (ROI). What should the project manager do?
- A. Revisit the communications management plan and make necessary adjustments
- B. Continue developing based on the project management plan and address the issue post delivery
- C. Revisit the scope management plan and note this as a risk
- D. Schedule a meeting with the product owner and finance team to agree on course corrections
Answer: D
NEW QUESTION 424
A project is ready to complete the planning process and all planning documents have been reviewed and approved by stakeholders What should the project manager do next1?
- A. Acquire the resources
- B. Conduct a kick-off meeting.
- C. Create the schedule baseline
- D. Determine the budget
Answer: B
NEW QUESTION 425
Response development is sometimes referred to as
- A. Risk mitigation and response control
- B. Reponses planning and risk control
- C. Risk control and response mitigation
- D. Response planning & risk mitigation
Answer: D
NEW QUESTION 426
A project manager creates an intranet project repository available to all stakeholders The expectation is that all updated documents will be shared via this repository What type of communication does this describe?
- A. Broadcast
- B. Network
- C. Pull
- D. Interactive
Answer: C
NEW QUESTION 427
While browsing a local archive, a new project manager finds the previous project's lessons learned notes. They observe that the notes have not yet been stored in the project management information system (PMIS).
What should the project manager do with the notes?
- A. Ask the previous project manager to archive the notes in the PMIS.
- B. Store a local copy on their hard drive for future use.
- C. Disregard the notes since they are not in the PMIS.
- D. As the notes are already available, no further action is required.
Answer: A
Explanation:
Section: Closing
NEW QUESTION 428
At the end of an internal project, you find several key stakeholders including the sponsor reluctant to finally accept all deliverables and then close the project. What should not be your next step in this situation?
- A. Formally close the project. Stakeholders will find a way by themselves to sort things out.
- B. Invite earnest feedback from all sides and try to identify misunderstandings.
- C. Identify any open issues and get them solved. Then be firm on formal closure.
- D. Identify and openly discuss personal rationales underlying the reluctance.
Answer: A
NEW QUESTION 429
A new project manager for an agile project is reviewing with an established team, some of the roles to avoid confusion on what to expect. Drag the description on the left to the role on the right
Answer:
Explanation:
NEW QUESTION 430
The customer is reviewing the new reporting system and informs the project manager that one of the components in the printing module is not complete The project manager reviews the work breakdown structure (WBS) and confirms that the component Is included.
What does the project manager need to do first?
- A. Meet with the project team to understand the issue and define actions.
- B. Raise a change request to immediately implement the printing module component.
- C. Escalate this issue to the project sponsor immediately
- D. Ask the project team to conduct a quality audit of the printing module components.
Answer: A
NEW QUESTION 431
Which of the following are NOT used to create the scope baseline for a project?
- A. WBS
- B. Project scope management plan
- C. Detailed project scope statement
- D. WBS dictionary
Answer: B
NEW QUESTION 432
You are the project manager at Happy Coffee Cafe, a rapidly growing franchise selling premium blended coffee. Currently, your company is planning on opening additional stores throughout Europe. Your company is evaluating different areas for expansion, including France, Germany, and England. You intend to use NPV (net present value) analysis to evaluate which area provides the best opportunity for expansion. Which of the following statements are true regarding NPV calculations?
- A. NPV assumes that the cash inflows are reinvested at the cost of capital
- B. NPV assumes that the cost of capital is based on the LIBOR (London Inter Bank Offer Rate)
- C. NPV is the discount rate when IRR is greater than zero
- D. NPV is the discounted rate when IRR is equal to zero
- E. NPV is constrained optimization method
Answer: A
NEW QUESTION 433
You are using the three-point estimating technique to estimate the duration of a schedule activity. You are given the following data:
[Pessimistic=100days] | [optimistic=40days] | [most likely=65 days]
Which of the following statements are true?
- A. The beat distribution gives an estimate with smaller uncertainty compared to the triangular distribution
- B. The triangular distribution gives a more optimistic and more aggressive value for the duration mean compared to the beta distribution.
- C. The beta distribution gives a more pessimistic and more conservative value for the mean compared to the triangular distribution
- D. Although the triangular distribution gives a more pessimistic value for the mean, it gives an estimate with smaller uncertainty compared to the beta distribution
Answer: A
NEW QUESTION 434
Drag the items on left side to the matching term within the correct project.
Answer:
Explanation:
NEW QUESTION 435
Which of the following Process Groups covers all Project Management Knowledge Areas?
- A. Planning
- B. Monitoring and Controlling
- C. Executing
- D. Initiating
Answer: A
Explanation:
Section: Initiation
NEW QUESTION 436
The contract is expected to cost $280K US. Actual costs are $240K US. There is a 50/50% share for any cost savings. What is the total value of the contract?
- A. $240K US
- B. $280K US
- C. $260K US
- D. $300K US
Answer: C
NEW QUESTION 437
One output of the control costs process is cost forecasts, which is when______________
- A. Modifications are made to the cost information used to manage the project and are communicated to stakeholders
- B. A budget update is required and communicated to all stakeholders
- C. Trend analyses are performed and communicated to stakeholders
- D. A calculated EAC value or a bottom-up EAC value is documented and communicated to stakeholders
Answer: D
Explanation:
Section: Mix Questions
Explanation:
Cost forecasts are another output of control costs, and the EAC is used to show the expected total costs of completing all work expressed as the sum of the actual cost to date and the estimate to complete.
NEW QUESTION 438
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