2,934 New PMP Id 1028 project management is concerned with managing which type of project Questions & Answers with explanation
671.
Which of the following options is the key component of determining cost estimates and should be completed as early in the project as possible?
Select one
672.
You are a project manager working for iTrim Central. Your organization has developed a new dieting technique that is sure to be the next craze. One of the deliverables of your feasibility study was an analysis of the potential financial performance of this new product, and your executives are very pleased with the numbers. You will be working with several vendors to produce products, marketing campaigns, and software that will track customers' progress with the new techniques. For purposes of performing earned value measurements for project costs, you are going to place which of the following in the WBS?
Select one
673.
You are a project manager working for iTrim Central. Your organization has developed a new dieting technique that is sure to be the next craze. You're preparing your cost management plan. You know that all of the following are true regarding this plan except for which one?
Select one
674.
You are the project manager for Rivera Gourmet Adventure Vacations. Rivera combines the wonderful tastes of great gourmet food with outdoor adventure activities. Your project involves installing a new human resources software system. Your stakeholders understand this is a large undertaking and that you might experience some schedule slippage. Jason, the database analyst working on this project, is overallocated. He is critical to the success of the project, and you don't want to burn him out by overscheduling him. Which of the following actions should you take?
Select one
675.
You are the project manager working on a research project for a new drug treatment. Your preliminary project schedule runs past the due date for a federal grant application. The manager of the R&D department has agreed to release two resources to work on your project to meet the federal grant application date. This is an example of ______________.
Select one
676.
This contains all the supporting detail regarding activity estimates and includes assumptions, the methods used to derive the estimates, constraints, resources used to develop the estimates, confidence levels, and risks.
Select one
677.
If you know the expected value is 500 and the standard deviation is 12, you can say with approximately a 95 percent confidence rating which of the following?
Select one
678.
You are a project manager for Move It Now trucking company. Your company specializes in moving household goods across the city or across the country. Your project involves upgrading the nationwide computer network for the company. Your lead engineer has given you the following estimates for a critical path activity: 60 days most likely, 72 days pessimistic, 48 days optimistic. What is the standard deviation?
Select one
679.
You are a project manager for Move It Now trucking company. Your company specializes in moving household goods across the city or across the country. Your project involves upgrading the nationwide computer network for the company. Your lead engineer has given you the following estimates for a critical path activity: 60 days most likely, 72 days pessimistic, 48 days optimistic. What is the weighted average or expected value?
Select one
680.
Which of the following statements is true regarding the critical path?
Select one