PMP Questions ID 1028 project management is concerned with managing which type of project knowledge page 257

2561.

An organization’s value chain can be represented by a special type of flowchart called SIPOC. SIPOC stands for:

Select one

Superior service, inferior service, peak hour service, optimized service, and client service

Simple, intellectual, procedural, optimal coding

Sample, information, practice, organization, and control

Suppliers, inputs, process, outputs, and customers

2562.

Julia is managing a water treatment plant construction project. A new government has recently been sworn in. During the election campaign, the winning candidate made a number of commitments regarding environmental control reforms. Julia is not sure how the new government and its future policies might affect her project. This is an example of:

Select one

Variability risk

Mitigated risk

Ambiguity risk

Opportunity risk

2563.

As a project manager, you are responsible for determining and delivering the required levels of both grade and quality. Select which of the following statements you disagree with.

Select one

Grade relates to the product's characteristics.

Grade relates to the customer requirements.

Quality relates to the customer requirements.

Quality and grade of a product must be carefully managed.

2564.

Which of the following processes produces a work breakdown structure as an output?

Select one

Create WBS

Define Scope

Develop Project Management Plan

Define Activities

2565.

How can a project manager ensure continued active support of the project supporters and at the same time minimize negative impacts from the negative stakeholders?

Select one

By ensuring that stakeholders clearly understand project goals, objectives, benefits, and risks

By ensuring that stakeholders clearly understand the communication management plan

By ensuring that stakeholders clearly understand the stakeholder management strategy

By ensuring that stakeholders are kept disengaged throughout the project lifecycle

2566.

The accuracy of estimates of the cost of a project will _________ over the life of a project.

Select one

Be mitigated

Remain neutral

Decrease

Improve

2567.

Which of the following can prove to be effective in addressing variability risks?

Select one

Root cause analysis

Mitigating opportunities

Accepting the risk

Monte Carlo analysis

2568.

What do the buyer and seller have in common with regard to Control Procurements?

Select one

Both parties have specific resources that can be idle.

Both parties have a contract change management plan.

Both parties ensure that they meet their contractual obligations and that their own legal rights are protected.

Each party has its own project plan and legal team.

2569.

Project managers need to be aware of Student Syndrome, also known as procrastination, which means that people start to apply themselves only at the last possible moment before the deadline. This concept is similar to Parkinson’s Law which states that:

Select one

Work only gets completed during the second half of the allocated time.

Work never gets completed on time even if sufficient time has been allocated.

Work expands to fill the time available for its completion.

Effort expands to fill the time available for the completion of a work package.

2570.

Melissa is managing a hardware deployment project and is creating a risk management plan. Which of the following would not be included in this plan?

Select one

Templates

Roles and responsibilities

Budgeting

Methodology

2,934 New PMP Id 1028 project management is concerned with managing which type of project Questions & Answers with explanation