PMP Questions ID 1028 project management is concerned with managing which type of project knowledge page 294

All Domains

Agile & Scrum

People

Process

Business Environment

CLOUD COMPUTING

Communications

Cost

DECISION SUPPORT SYSTEM (DSS)

FIREWALL TYPES & IMPLEMENTATION

Integration

IT STRATEGY COMMITTEE & IT STEERING COMMITTEE

Procurement

Quality

Resource

Risk

Schedule

Scope

Stakeholder

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

PMP Question No 1668 - Risk

2931.

Which strategy attempts to reduce the probability and the impact of a risk to the point where the risk is acceptable?

Select one

Mitigation

Avoidance

Acceptance

Transfer

Answer

PMP Question No 1669 - All Domains

2932.

You are a project manager for Groceries ’R’ Us, a supermarket chain, and are currently working on a project to build a new outlet. The planned values (PV) for the foundation and the frame were $150,000 and $500,000. After five months, you do a performance measurement analysis. You are currently not ahead of schedule. The actual costs for the foundation and frame were $175,000 and $650,000. At this point, 100 percent of the foundation is complete, and only 80 percent of the frame is complete. Which value represents the cost performance index (CPI) to two decimal places at this point in the project?

Select one

0.84

1.5

0.67

1.19

Answer

PMP Question No 1670 - All Domains

2933.

A project manager prepared quantitative assessments of the probable costs required to complete a project and produced activity cost estimates. He or she also prepared some supporting detail for these estimates. Which of the following would not be a supporting detail for cost estimates?

Select one

Indication of the range of possible estimates (ex: $5,000 +/- 5%)

Indication of the confidence level of the final estimate (ex: 90 percent )

Documentation of the basis of the estimates

Indication of the profit margin that can be expected on the project

Answer

PMP Question No 1671 - All Domains

2934.

A project manager is estimating activity durations for a project. Which of the following should he or she consider while performing this activity?

Select one

While calculating the duration of schedule activities, differences in the capabilities of staff assigned should not be taken into consideration. All senior and junior staff should be given equal weight.

While calculating the duration of schedule activities, differences in staff capabilities should be taken into consideration. A senior staff member will generally be expected to finish an activity in 80 percent of the time that a junior member.

While calculating the duration of schedule activities, an average should be used and the actual differences in the capabilities of staff assigned should not be taken into consideration.

Answer