PMP Questions ID 1846 as part of the estimate costs process a project manager obtained access to certain commercially

As part of the Estimate Costs process, a project manager obtained access to certain commercially available databases to get resource cost rate information. Such published commercial information is considered what type of input?

Select one

Historical information

Enterprise environmental factor

HR Input

Organizational process asset

Which of the following structures helps track project costs and can align with the organization’s accounting system?

Select one

Project breakdown structure (PBS)

Matrix breakdown structure (MBS)

Work Breakdown Structure (WBS)

Organizational breakdown structure (OBS)

Jackie is the project manager of a large project. During the Determine Budget process, she identifies that contingency reserves need to be set up for unplanned but potentially necessary changes that could result from realized risks identified in the risk register. Which of the following is true about reserves?

Select one

Management Reserves are not a part of project cost baseline, but will be included in the total budget for the project

Contingency Reserves are not a part of project cost baseline, but will be included in the total budget for the project

Both the Management Reserves and the Contingency Reserves are part of project cost baseline, and they are also not included in the total budget for the project

Both the Management Reserves and the Contingency Reserves are not part of project cost baseline, but they are included in the total budget for the project

A project manager is estimating project costs and needs to decide whether the estimates will include direct costs only or include indirect costs, as well. In which of the following phases does this decision need to take place?

Select one

Define Scope

Estimate Costs

Plan Expenses

Determine Budget

Sally, a project manager, was reconciling expenditure of funds with funding limits on the commitment of funds for the project. She found a large variance between the funding limits and planned expenditures. As a result, she decided to reschedule work to level out the rate of expenditures. This is:

Select one

Funding limit reconciliation

Funding limit constraints

Funding limit expenditure

Funding limit appropriation

New PMP Question & Answers with explanation