PMP Questions ID 1028 project management is concerned with managing which type of project knowledge page 78

771.

Monte Carlo analysis can help predict the impact of risks on project deliverables. It is an element of one of the tools and techniques of one of the following processes. The other tools and techniques of this process include sensitivity analysis, decision tree analysis, and influence diagrams.

Select one

Plan Risk Responses

Perform Quantitative Risk Analysis

Identify Risks

Perform Qualitative Risk Analysis

772.

Each of the following options describes an element of the Develop Project Management Plan process except for which one?

Select one

Project charter

Outputs from other planning processes

Configuration management system

Organizational process assets

773.

You are working on a project that will upgrade the phone system in your customer service center. You have used bottom-up estimating techniques to assign costs to the project activities and have determined the cost baseline. Which of the following statements is true?

Select one

You have completed the Estimate Cost process and now need to complete the Determine Budget process to develop the project's cost baseline.

You have completed the Estimate Cost process and established a cost baseline to measure future projects against.

You have completed the Determine Budget process and now need to complete the Schedule Development process to establish a project baseline to measure future project performance against.

You have completed the Determine Budget process, and the cost baseline will be used to measure future project performance.

774.

Feeding buffers and the project buffer are part of which of the following Develop Schedule tool and technique?

Select one

Critical path method

Schedule network analysis

Applying leads and lags

Critical chain method

Select one

Internal costs

Cost of poor quality

Cost of keeping defects out of the hands of customers

Prevention costs

776.

You are working on a project that will upgrade the phone system in your customer service center. You have considered using analogous estimating, parametric estimating, bottom-up estimating, and three-point estimating to determine activity costs. Which process does this describe?

Select one

Estimating Activity Resources

Estimate Costs

Determine Budget

Estimating Activity Costs

Select one

Extinction

Starvation

Desertion

Addition

778.

You are a project manager working on a software development project. You've developed the risk management plan, identified risks, and determined risk responses for the risks. A risk event occurs, and you implement the response. Then, another risk event occurs as a result of the response you implemented. What type of risk is this?

Select one

Trigger risk

Residual risk

Secondary risk

Mitigated risk

Select one

To recognize and acknowledge the project sponsor

To recognize and acknowledge the existence of the project and commit organizational resources to the project

To acknowledge the existence of the project team, project manager, and project sponsor

To describe the selection methods used to choose this project over its competitors

780.

You are the project manager for Lucky Stars Candies. You've identified the requirements for the project and documented them where?

Select one

In the requirements documentation, which will be used as an input to the Create WBS process

In the project scope statement, which is used as an input to the Create WBS process

In the product requirements document, which is an output of the Define Scope process

In the project specifications document, which is an output of the Define Scope process

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