PMP Questions ID 1685 you have completed your estimates for your project and have determined that it will take 10 month

You have completed your estimates for your project and have determined that it will take 10 months to complete. However, your project sponsor insists that it be completed in nine months. How do you handle this?

Select one

Increase the budget by 10 percent

Add resources

Reduce scope

Inform the sponsor you will have to explore the options before committing to that timeline

Select one

While calculating the duration of schedule activities, differences in the capabilities of staff assigned should not be taken into consideration. All senior and junior staff should be given equal weight.

While calculating the duration of schedule activities, differences in staff capabilities should be taken into consideration. A senior staff member will generally be expected to finish an activity in 80 percent of the time that a junior member.

While calculating the duration of schedule activities, an average should be used and the actual differences in the capabilities of staff assigned should not be taken into consideration.

A project manager prepared quantitative assessments of the probable costs required to complete a project and produced activity cost estimates. He or she also prepared some supporting detail for these estimates. Which of the following would not be a supporting detail for cost estimates?

Select one

Indication of the range of possible estimates (ex: $5,000 +/- 5%)

Indication of the confidence level of the final estimate (ex: 90 percent )

Documentation of the basis of the estimates

Indication of the profit margin that can be expected on the project

You are a project manager for Groceries ’R’ Us, a supermarket chain, and are currently working on a project to build a new outlet. The planned values (PV) for the foundation and the frame were $150,000 and $500,000. After five months, you do a performance measurement analysis. You are currently not ahead of schedule. The actual costs for the foundation and frame were $175,000 and $650,000. At this point, 100 percent of the foundation is complete, and only 80 percent of the frame is complete. Which value represents the cost performance index (CPI) to two decimal places at this point in the project?

Select one

0.84

1.5

0.67

1.19

A project manager is trying to budget time for the various processes in the Project Schedule Management Knowledge Area. As project activities are performed, in which of these processes will the majority of effort occur?

New PMP Question & Answers with explanation