New PMP Question & Answers with explanation

In your weekly status reports, you report the earned value for the project. This information is essential for you and the stakeholders to gauge the progress of the project. What process group is the cost and schedule control part of?
Select one
Chris is managing a construction project. The project team is currently developing the “as built” construction drawings to be supplied to the client as required by the contract. Which of the following phases is Chris’ project most likely in?
Select one
Which of the following statements is not accurate about the initial phase of a project?
Select one
Kate has been asked to conduct the feasibility of a new CRM system. So far, the business has been relying on its traditional manual customer relationship management processes, but now it is struggling to keep up with the competition. In this scenario, the business’ requirement of acquiring a state-of-the-art CRM system to boost its customer relations management capabilities is an example of:
Select one
Lucy has recently been assigned as the project manager for a new shopping mall construction project. Since the project will span well over five years, Lucy is a bit hesitant to use the current market rates for estimating construction materials cost. The prices have been steadily increasing and the current market rates might not remain valid in the future. Which of the following techniques can Lucy apply to determine her project budget?
Select one