2,934 New PMP Id 1028 project management is concerned with managing which type of project Questions & Answers with explanation
1231.
You have selected a vendor and are meeting with them to begin discussing the details of the final contract. They tell you that the equipment originally bid in the RFP is no longer available. They say the best solution is to buy the new equipment they’re offering, which costs more than the original equipment. You have concerns that the new equipment might not be compatible with existing equipment and discuss this with them. After further investigation, it’s proven the new equipment will work, and the vendor agrees to add some additional training time to help offset the difference in price. Which of the following tools and techniques of the Conduct Procurement process does this describe?
Select one
1232.
A project team is using iterations within the project to introduce new functionality and complete the project deliverables. What development life cycle is the project team following?
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1233.
Using a triangular distribution formula, calculate the cost estimate based on the following three-point estimates: Optimistic = $2,500, Most Likely = $3,500, Pessimistic = $7,200.
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1234.
All of the following statements are true regarding trend analysis except for which one?
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1235.
Which of the following processes are responsible for adjusting stakeholder engagement and communication strategies and plans, based on how the project is progressing and how the results compare to the plan.
Select one
1236.
Mandatory dependency is also known by what other name?
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1237.
You are a project manager for Wedding Planners, Inc. Since every wedding is unique, your organization believes in managing each one as a project. You’ve come up with a great idea for a new event that you’re certain customers will love and that will also profit the company. Your boss asks you to investigate alternative methods for implementing the new idea and come back with a recommendation. You discover that Alternative A could yield revenues of $21 million over the next two years, while Alternative B could yield revenues of $29 million over three years. The finance manager told you to use 5 percent as the cost of capital. Which project should you choose and why?
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1238.
Which type of estimating technique can have a high level of accuracy?
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1239.
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. What process group are the activities she is performing associated with?
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1240.
Sally and Joe are two project managers working in the corporate offices of a popular fast-food franchise. They are both studying for their PMP® certification and are having a discussion on the WBS. Sally is confused and asks Joe to describe what the WBS contains. What is Joe likely to respond with?
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