PMP Questions ID 1028 project management is concerned with managing which type of project knowledge page 121

1201.

Ronald Pierce is a high-end furniture store chain. The company is in the process of developing a new renaissance style edition for release in six months. The project manager leading the development of the new edition is in the process of estimating the durations of the project activities. He uses information from the previous edition’s project as the primary basis of his estimates. What estimating technique is the project manager using?

Select one

Analogous estimating

Parametric estimating

Bottom-up estimating

PERT estimating

1202.

A project manager is performing quantitative risk analysis. What output is likely to be produced?

Select one

An assessment of probability and impacts for each individual risk

A priority level for each individual project risk

An assessment of overall project risk exposure

A list of potential risk responses

1203.

You are the project manager for Kitchens Plus Inc. The latest project involves the development of an automatic dicer with unique industry features and has a project budget of $95,000. Based on the latest data, the project has a planned value of $70,200, an earned value of $59,000, and an actual cost of $65,500. How is the project currently performing according to the schedule and budget?

Select one

The project is ahead of schedule and under budget.

The project is ahead of schedule and over budget.

The project is behind schedule and under budget.

The project is behind schedule and over budget.

Select one

EMV is a tool and technique within the Perform Quantitative Risk Analysis tools and techniques.

EMV is often used in conjunction with decision-tree analysis.

EMV examines risk from the perspective of the project as a whole.

EMV is calculated by multiplying the probability of the occurrence by the value of each possible outcome and adding the results together.

1205.

During a status meeting, the project manager informs the team that the project has spent a total of $7,500 to date and that the earned value is $5,000. How is the project currently performing?

Select one

Under planned cost

On planned cost

Over planned cost

Insufficient information provided

1206.

You are the project manager for Ooh La La Beauty Products. Your project concerns developing a new line of bath products. You also serve on the CCB, which has just approved a scope change. You know that all of the following statements are true except which one?

Select one

Scope changes include modifications to the agreed-upon WBS.

Scope changes could result in schedule revisions.

Scope changes do not usually impact the project budget.

Scope changes should be reflected in the product scope.

1207.

Carina is a principal project manager of You’ve Got Dogs, a specialty company that creates custom dog apparel and toys. She has just obtained approval of the project management plan and is about to publish it to the project team. At this point in the project life cycle, costs are likely to be which of the following?

Select one

Lowest

Low

High

Highest

1208.

A project manager is using a predictive approach to managing her project. Recently, she has experienced several adjustments to the project. All of the following result in a change request, except for which one?

Select one

Updates to project documents

Corrective actions

Preventive actions

Defect repairs

Select three

The outputs of the Develop Team process are team performance assessments, change requests, project management plan updates, organizational process assets updates, and enterprise environmental factors updates.

This process is concerned with developing and training teams, not individuals.

Team building can result in effective, functioning, coordinated performance among team members.

Colocation is a technique used to help the team perform better.

1210.

A project manager is addressing risks or potential concerns related to stakeholder management and is anticipating future issues that may be raised by stakeholders. What process is she performing?

Select one

Monitor Communications

Manage Communications

Manage Stakeholder Engagement

Monitor Stakeholder Engagement

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