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?

Correct Answer: As mathemetical analysis tools, they simply provide the dates that are posible, and do not consider resource pool limitations

Explanation:

Answer A is tempting because it is true by definition, but Answer B is correct because it properly answers the question, in that these techniques do not take into account resource pool constraints. Answer C is incorrect because it provides possible early and late start and finish dates, but not the actual schedules. Answer D is incorrect because none of the the three are simulation techniques. 

Correct Answer: 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

Explanation:

Answer B defines the timing that should be addressed in the risk management plan. Answer C defines the methodology that should be identified in a risk management plan. Answer D touches on the budgeting and tracking that should be defined in the risk management plan.

Correct Answer: Use the cost of similar projects

Explanation:

Although it is less accurate than adding up individual costs from the WBS, it is less time consuming. The trade-off is accuracy. Answer A is incorrect because to do a more accurate cost estimate, you need to delve into details. Answer C is tempting also, and possible, except we don't really know if the project in question can use perametric modeling . Answer D is incorrect because it takes the most time, but it is most accurate.

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.

Correct Answer: A scope management plan

Explanation:

Answer A is tempting because the problem focuses on changes. However, because we are talking about the elaboration of the product's characteristics, we are talking about scope changes, and therefore Answer B is the best answer. Answer C is also tempting because it is difficult to more forward on a project until the scope is clearly defined (especially in systems development projects), but with products and certain types of web development, scope changes can be frequent, and a formal scope management plan is needed. Answer D is true from a project perspective, but does not addres the scope issues.

Correct Answer: A program is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually Programs may include elements of related work outside of the scope of the discrete projects in the program For example: A New car model program can be broken up into projects for the design and upgrades of each major component (transmission, engine, interior, exterior) while the ongoing manufacturing occurs on the assembly line

Correct Answer: A Portfolio is a collection of projects or programs and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives

Correct Answer: A Project Management office (PMO) is an organizational unit to centralize and coordinate the management of projects under its domain A PMO can also be reffered to as a "program management office", "Project office", or "Program office" A PMO oversees the management of projects, programs, or a combination of both PMOs can operate on a continuum, from providing project management support functions in the form of training, software, standardized policies, and procedures, to actual direct management and responsibility for achieving the project objectives

Correct Answer: Project managers or the organization can divide projects into phases to provide better management control with appropriate links to the ongoing operations of the performing organization Collectively, these phases are known as the project life cycle

Correct Answer: Project Management is the application of Knowledge, skills, tools and techniques to project activities to meet project requirements Project Management is accomplished through the application and integraton of the project management processes of initiating, planning, executing, monitoring and controlling , closing