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- Question
In the Determine Budget processes the project schedule
Options- A. is not one of the inputs to these processes.
- B. is used to allocate the project budget to the various project activities.
- C. is used to assign costs to the time period when the costs will be incurred
- D. is used to determine the size of the contingency component of the budget after all scheduled costs are accounted for.
- Correct Answer
- is used to assign costs to the time period when the costs will be incurred
Explanation?This [project schedule] information can be used to aggregate costs to the calendar periods when the costs are planned to be incurred.? PMBOK [7.2.1.4]
- 1. Communication requirements are defined by
Options- A. the adaptation of the theory of sender-receiver models to the dominant listening and learning style of each stakeholder.
- B. the logistics of how many individuals will be involved with the project and at which locations.
- C. the technologies or methods available to transfer information back and forth among project stakeholders.
- D. combining the type and format of information required with an analysis of the value of that information. Discuss
- 2. Report Performance is a member of which process group?
Options- A. Controlling
- B. Planning
- C. Executing
- D. Closing Discuss
- 3. Which of the following is not true about bottom-up estimating?
Options- A. The WBS must be accurate and complete before this process can be used.
- B. Since the cost is largely independent of the desired accuracy it is the methodology of choice.
- C. Its accuracy increases if the activities are smaller.
- D. It is not a useful methodology in the early project planning phase. Discuss
- 4. George is very open with his team members. He invites questions and discussion, and encourages new suggestions and ideas. He considers all this carefully before making any but the most minor project decisions, but ultimately chooses the course he personally believes is the right one. His leadership style is best characterized as
Options- A. Democratic
- B. Consultative
- C. Participative
- D. Benevolent Discuss
- 5. Assuming that the phases in a project are concept, development, implementation and termination, which phase typically has the highest degree of uncertainty?
Options- A. Concept
- B. Development
- C. Implementation
- D. Termination Discuss
- 6. The price that you charge for your project is
Options- A. equal to the cost estimate plus a fixed percentage.
- B. essentially the same as the cost estimate.
- C. typically 1.5 - 2.5 times the cost estimate in order to account for corporate overhead costs
- D. a business decision that considers the cost estimate together with other factors. Discuss
- 7. A quality audit is
Options- A. a structured, independent review to determine whether project activities comply with organizational and project policies, processes, and procedures.
- B. the process of regularly evaluating overall project performance to provide confidence that the project will satisfy relevant quality standards.
- C. an approach where the team members meet regularly to improve the process of quality control on their project.
- D. the process of determining the appropriate actions to increase the effectiveness and efficiency of the project to provide added benefits to project stakeholders. Discuss
- 8. Project authorization is one of the processes that is associated with the initiation phase of a project. Authorization can come in many different forms, and projects are generally authorized by all of the following except
Options- A. Technological Advances
- B. Customer request or market demand
- C. Executive year - end bonuses
- D. Business or Social needs Discuss
- 9. Project Life Cycle - Characteristic of Project Phases What is a deliverable? Discuss
- 10. Project Stakeholders What do you meant by project stakeholders? Discuss
PMP Certification problems
Search Results
Correct Answer: combining the type and format of information required with an analysis of the value of that information.
Explanation:
? Communication requirements are defined by combining the type and format of information needed with an analysis of the value of that information.?
Correct Answer: Controlling
Explanation:
The processes in the controlling group are Verify Scope, Control Scope, Control Schedule, Control Costs, Perform Quality Control, Report Performance, Monitor and Control Risks, and Administer Procurements.
Correct Answer: Since the cost is largely independent of the desired accuracy it is the methodology of choice.
Explanation:
?The cost and accuracy of bottom-up cost estimating is typically influenced by the size and complexity of the individual activity or work package.? PMBOK [7.1.2.4]
Correct Answer: Participative
Explanation:
The Participative leadership style is characterized by 1) allowing a great deal of freedom in identifying problems and solutions, 2) working closely with subordinates, 3) allows extensive participation, but 4) reserving to him/herself the final decision. The consultative style is not so open, with discussion more focused around the leader?s uncertainties than asking for new ideas.
Correct Answer: Concept
Explanation:
The first phase in a project always has the greatest degree of uncertainty because at this point in time the product is the least well defined. PMBOK, See figure 2-2. [2.1.1]
Correct Answer: a business decision that considers the cost estimate together with other factors.
Explanation:
Overhead costs should be figured into the cost estimate. Desired profit considered together with other factors such as market demand, availability of resources, prior experience are then used to determine the optimal price.
Correct Answer: a structured, independent review to determine whether project activities comply with organizational and project policies, processes, and procedures.
Explanation:
?A quality audit is a structured, independent review to determine whether project activities comply with organizational and project policies, processes, and procedures.?
Correct Answer: Executive year - end bonuses
Explanation:
Project authorization should not be exclusively based upon the impact of an executive's bonus (many people would agree that it should not ever be based upon an executive's bonus). Answer A, B, and D are common events that predicate the need for project authorization and can evolve into large scope projects.
Correct Answer: A deliverable is a measurable, verifiable work product such as a specification, feasibility study report, detailed design document, or working prototype
Correct Answer: Project Stakeholders are individuals and organizations that are actively involved in the project, or whose interests may be affected as a result of project execution or project completion Stakeholders may have a positive or negative Positive stakeholders are those who would normally benefit from a successful outcome from the project, while negative stakeholders are those who see negative outcomes from the project's success
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