2,934 New PMP Id 1028 project management is concerned with managing which type of project Questions & Answers with explanation
2131.
The banks in the Ukraine have raised the annual interest rates sharply to 30 percent. You have the option to invest your money either in Ukrainian banks or to build a small factory for a client. The total cost of building the factory will be $12 million but it will spread evenly over one year ($1 million payable by the end of each month for the next 12 months). The client will make a payment of $3.9 million at the end of each quarter from the start of the project. Which of the following is the best option (if you are only considering the return on investment)?
Select one
2132.
A project manager wishes to illustrate the connections between the work that needs to be done and the project team members. According to the PMBOK, the resulting document is a:
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2133.
Many project managers have seen a graph that shows “Influence of Stakeholders” starting out high and declining as the project progresses. In contrast, it also shows the “Cost of Changes” starting out low and increasing as the project progresses. What is the key insight a project manager should gain from this graph?
Select one
2134.
Which of the following techniques can help a project manager review a supplier’s internal work processes to ensure compliance to standards during the production of the deliverables? (Assume that all of the given choices are available to the project manager.)
Select one
2135.
The best practice to gather and document lessons learned is during weekly progress meetings. The agenda can have a lessons-learned brainstorming item at the end of these meetings. You can ask team members to put forward their recommendations, but it is always better to adopt a more structured way to gather lessons learned. Which of the following approaches will ensure you capture important lessons learned on your project?
Select one
2136.
Why must the Validate Scope process be completed in a project?
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2137.
What is the best way to make an accurate forecast of ETC?
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2138.
Which of the following is NOT a knowledge management tools and technique?
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2139.
You have a project in which you are responsible for building a condo complex in a resort town. The project is expected to take two years to complete. During your work breakdown structure meeting, you have decomposed many deliverables into work packages and schedule activities. However, there are some work packages that will occur a year from now, so you have elected not to decompose those deliverables and work packages at this time. This is an example of what tool or technique?
Select one
2140.
You have recently joined an organization as the procurements manager. You have just received an invoice from a contractor. Some of the items from the invoice are as follows: EV of work completed to date: $50,000. AC of work completed to date: $40,000. Total costs reimbursed by the buyer to date: $35,000. If the contract between the buyer and the contractor is a CPIF contract, what is the total value payable to this contractor? (Assume that the contract allows for a 10 percent fee over net payable whenever CPI > 1).
Select one