PMP Questions ID 1028 project management is concerned with managing which type of project knowledge page 38

371.

The project has reached a stage where work is being done in seven countries. Project team members need to know in which currency they are to report their cost data. Which of the following should they reference?

Select one

Cost baseline

Cost management plan

Cost estimates

Cost breakdown structure

372.

As a project manager, you are developing a resource management plan for your software development project, and you need to find a way to document and communicate the detailed descriptions of the team members' roles and responsibilities. What tool will best meet your needs?

Select one

RACI chart

Resource breakdown structure

Hierarchical chart

Role-responsibility-authority form

373.

The project requires frequent input from the senior management team. Some of the past projects succeeded to engage the team, however, most failed as senior management is notorious throughout the organization of responding slowly and not attending meetings. What is the best strategy for the stakeholder engagement plan of the current project?

Select one

Patiently wait until management indicates that they are available to provide their input

Schedule regular, short update meetings at a constant time and convenient location

Require one senior management representative to attend meetings or the project will be halted

Review lessons learned from other projects involving the management stakeholders

374.

A project manager is conducting the initial process of identifying stakeholders for a new infrastructure development project. The project manager has just compiled a list of potential stakeholders' names. What should the project manager do next?

Select one

Invite the identified stakeholders to the project kick-off meeting

Complete the Project Stakeholder Management process

Develop the stakeholder engagement plan

Conduct stakeholder analysis

375.

You are managing a hotel construction project, and you have asked your project team to calculate the current earned value metrics to determine the project performance. Your team reports back that the project's to-complete performance index (TCPI) is 0.9 based on the budget at completion (BAC). Which of the following is true regarding your project's current situation as reflected by this TCPI value?

Select one

The project is within budget

The project is over budget

The project is behind schedule

The project is ahead of schedule

376.

Up until now, your project team has allowed the use of flextime where project team members may take time off during regular business hours and make up the time during the evening hours or weekends. Recently, excessive use of flextime has become a roadblock as some team members are not available when needed. The team feels they should set a standard that flextime is only to be used for personal emergencies. How should you handle this situation?

Select one

Contact the human resources department to update the corporate policies to prohibit flextime

Submit a change request to update the team charter based on the team's inputs

Discuss the issue with the team and update the team charter accordingly

Do nothing as the team has already agreed to use flextime for personal emergencies only

377.

The agile project team members are all working in an open office space arrangement. There are many conversations happening concurrently throughout the day. Which of the following is the best option for the project manager?

Select one

Request team members to hold off their conversations until formal meeting times

Record the conversations and post them in a shared repository

Designate afternoons as quiet work times

Schedule frequent team checkpoints and post project artifacts in a transparent fashion

378.

A method of managing projects in small, incremental portions of work that can be easily assigned and completed within a short period of time describes what methodology?

Select one

Waterfall

Lean

Agile

Iterative

Select one

There are five project management process groups, and they are Initiating, Planning, Executing, Monitoring and Controlling, and Closing.

There are 55 project management processes, which can be grouped by process group or Knowledge Area.

There are 10 project management Knowledge Areas, whose processes are performed sequentially.

There are five project management process groups, and they are Initiating, Planning, Managing, Monitoring, and Closing.

Select one

Discounted cash flow analysis is the least precise of the cash flow techniques because it does not consider the time value of money.

NPV is the least precise of the cash flow analysis techniques because it assumes reinvestment at the discount rate.

Payback period is the least precise of the cash flow analysis techniques because it does not consider the time value of money.

IRR is the least precise of the cash flow analysis techniques because it assumes reinvestment at the cost of capital.

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