PMP Questions ID 1028 project management is concerned with managing which type of project knowledge page 65

Select one

Organizational structure

Collective bargaining agreements

Economic conditions

Location and logistics

All are correct

642.

Sally is a project manager working on a project that will require a specially engineered machine. Only three manufacturers can make the machine to the specifications Sally needs. The price of this machine is particularly critical to this project. The budget is limited, and there's no chance of securing additional funds if the bids for the machine come in higher than budgeted. She's developing the source selection criteria for the bidders' responses and knows all of the following are true except for which one?

Select three

Sally will use understanding of need and warranties as two of the criteria for evaluation.

Sally will review the project management plan, requirements documents, and risk register as some of the inputs to this process.

Sally will base the source selection criteria on price alone because the budget is a constraint.

Sally will document an SOW, the desired form of response, and any required contractual provisions in the RFP.

Sally will use a sole source evaluation method.

Select one

You must closely coordinate the Plan Communications Management process with this process because the organization structure affects the way communications are carried out among project participants.

The resource management plan created in this process describes how and when resources will be acquired and released.

A RAM (or RACI chart) is produced in this process, and it allows you to see all the people assigned to an activity and their various responsibilities.

Agile teams create and write a team charter that outlines the team values, ground rules, working agreements, and group norms.

All are correct

644.

You are the project manager for the Heart of Texas casual clothing company. Your company is introducing a new line of clothing called Black Sheep Ranch Wear. You will outsource the production of this clothing line to a vendor. You want to use a hybrid approach to manage this project. Which of the following contract types will you use?

Select one

Dynamic scope

Value-driven

Multitiered

Master service agreement

Graduated time and materials

645.

You are the project manager for an outdoor concert event scheduled for one year from today. You're working on the procurement documents for the computer software program that will control the lighting and screen projections during the concert. You've decided to contract with a professional services company that specializes in writing custom software programs. You want to minimize the risk to the organization, so you'll opt for which contract type?

Select one

FPIF

CPFF

FFP

CPIF

646.

You are the project manager for an upcoming outdoor concert event. You're working on the procurement management plan for the computer software program that will control the lighting and screen projections during the concert. You're comparing the cost of purchasing a software product to the cost of your company programmers writing a custom software program. You are engaged in which of the following?

Select one

Procurement planning

Using expert judgment

Creating the procurement management plan

Make-or-buy analysis

Select three

Product ambiguity

Process expertise

Product specification

Production capability

Process suitability

Select one

The RBS is contained in the risk management plan.

It describes risk categories, which are a systematic way to identify risks and provide a foundation for understanding for everyone involved on the project.

The lowest level of the RBS can be used as a prompt list, which is a tool and technique of the Identify Risks process.

The RBS is similar to the WBS in that the lowest levels of both are easily assigned to a responsible party or owner.

649.

You are using a defined set of risk categories to determine both individual risks and overall project risks. You will also use PESTLE, a strategic analysis tool to assist in determining overall project risk. You are also using the lowest level of the RBS to help in constructing which of the following in order to identify risks?

Select one

Checklist

Prompt list

RCA

Decision tree analysis

650.

Your project team has identified several potential risks on your current project that could have a significant impact if they occurred. The team examined the impact of the risks by keeping all the uncertain elements at their baseline values. Which of the following will the team use to display this information?

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