PMP Questions ID 2069 you have been working with the subject matter experts to estimate the activity durations and cost

You have been working with the subject matter experts to estimate the activity durations and costs on the project. All of the following are outputs of the estimate costs process excpet:

Select one

The prevention of inappropriate changes from being included in the cost baseline

An indication of the range of possible costs for the project

An understanding of the cost risk in the work that has been estimated

Documentation of any assumptions made during the Estimate Costs process

PMP Question No 2068 - Cost

A company has invested significant capital in a current project. The project involves infrastructure and technology changes that will impact private client data, processing of transactions, and the distribution of goods to end users. Recent regulatory changes have made this project a higher priority for the company. While completing the project, the project manager realizes he needs to decrease project costs. There are concerns that this could impact end user satisfaction and create potential compliance issues. After researching his options, he comes up with the following choices. He will need to communicate the recommended option to the project stakeholders. Which choice would decrease project costs?

Select one

Move activites B and H to occur concurrently, and accept a 30 percent increase in the risk that five more resources will be needed later.

Remove a test from the project management plan

Change activity A to be completed by resource B instead of resource C. Resource B is a more experienced worker.

Change to component A from component B. Component A costs more to purchase, but has a lower life cycle cost than B

Answer

PMP Question No 2067 - Cost

As you review the project results, you notice you have spent us $1,200,000 at the last reporting point. You know the schedule performance index (SPI) is 1.1. Considering you feel you should have spent us $1,300,000 to this point, what are the cost performance index (CPI), and the schedule and cost variances?

Select one

1.19, $230,000 and ($230,000)

1.1, ($230,000) and $130,000

1.19, $130,000 and $230,000

1.43, $130,000 and ($130,000)

Answer

PMP Question No 2066 - Cost

Earned value analysis is the basis for:

Select one

Performance reporting

Planning control

Integrating the project components into a whole

Ishikawa diagrams

Answer

PMP Question No 2065 - Cost

A rough order of magnitude estimate is made during which project management process group?

Select one

Initiating

Planning

Closing

Executing

Answer

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