PMP Questions ID 2058 the organization that you work for supports the achievement of its strategic objectives by empowe

The organization that you work for supports the achievement of its strategic objectives by empowering project managers and teams. The project managers have the authority to structure their teams, plans, and work however they deem necessary to best ahieve results. They are responsible for controlling the schedule and the budget, and for providing the steering committee and other departments of the organizations with forecasts. Which part of the cost budget would these project managers not have control over?

Select one

Management reserves

Control account estimates

Cost baseline

Contingency reserves

PMP Question No 2057 - Cost

Your company wants to assign a resource to your project and asks you to bill that resource to the customer. This concerns you because you get a bonus for maximizing billings to the customer. What is the best thing to do?

Select one

Maximize customer billings in any ethical manner possible

Ask for clarification of the intent of adding the resource

Remind the appropriate members of the billing organization that monetary compensation is not worth compromising the integrity of the individual or the organization

Ask for the customer’s approval before adding the resource to the project scope

Answer

PMP Question No 2056 - Cost

Your project is being completed in another country. It is going reasonably well and is ahead of the cost projections when one of the local officials informs you he will make sure the project work stops unless you pay him us $50. What is the best thing to do?

Select one

Do not make the payment

Make the payment

Offer to pay a smaller amount to discourage future requests for larger amounts

Offer to pay more than the requested amount to get more support from the official in the future

Answer

PMP Question No 2055 - Cost

You have just completed the initiating processes of a small project and are moving into project planning when a project stakeholder asks you for the project's budget and cost baseline. What should you tell her?

Select one

The project management plan will not contain the projects budget and baseline; this is a small project.

It is impossible to complete an estimate before the project management plan is created.

The project budget can be found in the project charter, which has just been completed.

The project budget and baseline will not be finalized and accepted until the planning processes are completed.

Answer

PMP Question No 2054 - Cost

While visiting the country where a new branch office is being built, you are told you must pay a us $5,000 fee to the government permit officer to obtain the facility permit required by law to start construction. The construction company tells you this is standard practice and is required by law. If you don't pay the fee, the project could be delayed, which would cost your company money. You have not worked in the country before. You do not speak the official language of the country and are communicating in a shared third language. What should you do?

Select one

Refuse to pay the fee

Pay the fee

Have the customer pay the fee

Have the construction company pay the fee

Answer

New PMP Question & Answers with explanation