PMP Questions ID 1028 project management is concerned with managing which type of project knowledge page 67

661.

You are a project manager for Fountain of Youth Spring Water bottlers. Your project involves installing a new accounting system, and you're performing the risk-planning processes. You have identified a variability risk and an ambiguity risk. Which of the following is not true regarding these risks?

Select one

Variability risk is uncertainty about the event or activity.

Ambiguity risk is addressed using data analysis.

These are types of non-event risks.

Decisions, skills and abilities, and knowledge of team members is a type of non-event risk.

662.

This agile methodology focuses on frequent cycles and delivering software to the customer when the customer needs it. The core values for this methodology are communication, simplicity, feedback, courage, and respect. Which methodology does this describe?

Select one

Feature-Driven Development

Crystal

Dynamic Systems Development Method

Extreme Programming

663.

You are preparing your communications management plan and know that all of the following are true except for which one?

Select one

Decode means to translate thoughts or ideas so that they can be understood by others.

Transmit concerns the method used to convey the message.

Acknowledgment means the receiver has received and agrees with the message.

Encoding and decoding are the responsibility of both the sender and receiver.

664.

You have eight key stakeholders (plus yourself) to communicate with on your project. Which of the following is true?

Select one

There are 28 channels of communication, and this should be a consideration when using the communications technology tool and technique.

There are 36 channels of communication, and this should be a consideration when using the communications requirements analysis tool and technique.

There are 36 channels of communication, and this should be a consideration when using the communications technology tool and technique.

There are 28 channels of communication, and this should be a consideration when using the communications requirements analysis tool and technique.

Select one

Funding requirements

Cost baseline

Cost estimates

Expenditures to date

666.

You are the project manager for a custom home–building construction company. You are working on the model home project for the upcoming Homes Tour. The model home includes smart home connections, talking appliances, and wiring for home theaters. You are working on the Determine Budget process. Which of the following statements are true?

Select three

You document the funding limit reconciliation to include a contingency for unplanned risks.

You discover that updates to the risk register are needed as a result of performing this process.

You document that funding requirements are derived from the cost baseline.

The performance measurement baseline will be used to perform earned value management calculations.

667.

Adaptive methodologies focus on eliminating waste, Lean thinking, and pull-based systems. When using this methodology, stakeholders are highly engaged with the project. Which of the following are true regarding positive stakeholder engagement in an adaptive methodology?

Select three

Their engagement and the methodology creates transparency on the project.

Stakeholders have a neutral classification in an adaptive methodology.

Stakeholders have a supportive classification in an adaptive methodology.

Their engagement increases trust and reduces risk, increasing the changes for a successful project.

Stakeholders have a resistant classification when using an adaptive methodology.

668.

You are the project manager for a custom home–building construction company. You are working on the model home project for the upcoming Homes Tour. The model home includes smart home connections, talking appliances, and wiring for home theaters. You are working on the cost baseline for this project. Which of the following statements are true?

Select three

This process aggregates the estimated costs of project activities.

The cost baseline will be used to measure variances and future project performance.

This process assigns cost estimates for expected future period operating costs.

The cost baseline is the time-phased budget at completion for the project.

669.

Your organization has historically performed projects using a predictive methodology. You'd like to give the agile process a try. You have a low-risk, low-priority project that is perfect for this experiment. However, the project sponsor of this project is nervous about using a new approach that's never been tried before. Which of the following actions should you take in this scenario?

Select one

Make certain you are allocating time to mentoring stakeholders.

Ensure that the sponsor is committed to the project and to the methodology.

Mentor the sponsor and the stakeholders on the agile process by providing training to educate them on the agile processes.

Consider using a hybrid approach to help the sponsor feel a little more at ease, because this will mix some of the processes with which they are familiar with agile processes.

All of the above.

670.

You want to improve your cost estimates by taking into account estimation uncertainty and risk. Which of the following estimating techniques will you use?

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