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  • Question
  • On a systems development project, Richard needs two programmers. He knows John and Smith were able to create a program in 40 days similar to the one he wants to create on his project. He decides to use 40 days as his estimate. This is an example of what type of estimating?


  • Options
  • A. Parametric modeling
  • B. Analogous
  • C. Rule of thumb
  • D. Fixed Rate

  • Correct Answer
  • Analogous 

    Explanation

    Richard is using an estimate based on a project very similar to to his own with staff he will be using.  Answer A is incorrect because perametric modeling involves using a mathematical model to predict costs, such as dollars per line of code. Answer C is incorrect, although close; if the development project is a common item, such as putting down new flooring, a rule -of-thumb measurement can be used, although it is less accurate. Answer D is incorrect because it is not a form of estimating, but a type of pricing.


  • PMP Certification problems


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    • 1. You are working on a new project to develop a new wireless product with ease - of - use features recommended by customers. It is as yet undetermined which features and the extent to which each feature will be incorporated into the product.You have a focus group that will continue to evaluate the features as the project goes forward.The focus group is authorized to suggest changes, as are your engineers and the quality department.As a project manager, what will help you most to minimize the effect of these changes?

    • Options
    • A. A change management plan
    • B. A scope management plan
    • C. Do not continue with the project until all of the features are clearly defined in the scope statement and scope definition.
    • D. This is an expected part of every project. A good project manager will have a communications plan in place to be sure everyone knows what is happening on the project.
    • Discuss
    • 2. A Good CFO will tell you that it is important to look at your bottom line and determine how to increase profits for the organization. Veronica, the new CFO at a local university, is taking that approach and applying it to new projects. Therefore,she wants to include costs from each phase of the project on a total expenditure is known as

    • Options
    • A. An opportunity cost
    • B. A sunk cost
    • C. NPV
    • D. A life cycle
    • Discuss
    • 3. You are a project manager for the redevelopment of the Hoover Dam. Your team has been provided with the scope statement, but it lacks many description details. Your team is concerned because the project is in the initiation phase and it wants to postpone it until it has more information. As the project manager, you recommend that

    • Options
    • A. The team should go forward, but be caution about the lack of details and the impact upon the timeline for the project
    • B. The project should not go forward until the stakeholders agree about the scope and purpose of the project
    • C. The team should verify the scope and realize that more details will be available as more project characteristics are progressively elaborated.
    • D. The team should review the project selection criteria for the Hoover Dam project
    • Discuss
    • 4. A project charter is one of the key deliverables to come from the initiation process. The project charter should by issued by

    • Options
    • A. one or more functional managers
    • B. The head of the performing organization
    • C. A manager external to the project
    • D. The CFO
    • Discuss
    • 5. Sometimes project managers forget all of the expenses that they can incur on a project, such as capital resources and assets. This can have an impact upon their budgets and the economic return on the project. A cost that has been incurred and cannot be reversed is known as a

    • Options
    • A. Fixed Cost
    • B. Direct Cost
    • C. Variable Cost
    • D. Sunk Cost
    • Discuss
    • 6. Iam looking to estimate the cost on a project, but I don't want to spend a lot of time on a detailed analysis. I really want a ballpark figure. What options do I have?

    • Options
    • A. None - Cost estimating requires details to be accurate
    • B. Use the cost of similar projects
    • C. Use a rule-of-thumb or per-square-foot estimate
    • D. Add up the costs on the WBS
    • Discuss
    • 7. Why are risk tolerances and thresholds important to identify in the risk management Plan?

    • Options
    • A. Tolerances and thresholds, when documented, can help to define the target by which the project team can measure the effectiveness of the risk response plan execution
    • B. Tolerances and thresholds help to define how often the risk management process will be performed
    • C. Tolerances and thresholds determine what tools and data sources will be used in risk management
    • D. Tolerances and thresholds provide the basis for costing the risk management process as well as defining how risk activities will be recorded
    • Discuss
    • 8. Why are CPM, GERT, and PERT not considered sufficient to create a project schedule?

    • Options
    • A. All three are tools and techniques of schedule development, not the actual schedule
    • B. As mathemetical analysis tools, they simply provide the dates that are posible, and do not consider resource pool limitations
    • C. They are sufficient. Each calculates early and late start and finish dates for each activity
    • D. They are Monte Carlo techniques used to provide what-if analysis for adverse external factors on a project
    • Discuss
    • 9. Subject matters experts (SMEs) are resources that are imperative to the succes of a project. Many times, project managers are not experts in the areas they are managing and frequently must rely upon other's expertise. In which scope - management process are SMEs first used?

    • Options
    • A. Scope planning
    • B. Scope definition
    • C. Initiation
    • D. Scope verification
    • Discuss
    • 10. Project Management - Introduction What is program Management?
    • Discuss


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