PMP Questions ID 2072 you are having difficulty estimating the cost of a project which of the following best describes

You are having difficulty estimating the cost of a project. Which of the following best describes the most probable cause of your difficulty

Select one

Unavailability of desired resources

Lack of historical records from previous projects

Lack of company processes

Inadequate scope definition

PMP Question No 2071 - Cost

To-complete performance index (TCPI) is represented by which of the following?

Select one

A measure of progress achieved compared to progress planned

(BAC-EV)/(BAC-AC)

AC + (BAC - EV)

A measure of the value of work completed compared to the actual cost or progress

Answer

PMP Question No 2070 - Cost

`project setup costs are an expampel of:

Select one

Variable costs

Overhead costs

Opportuinty costs

Fixed costs

Answer

PMP Question No 2069 - 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

An indication of the range of possible costs for the project

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

Documentation of any assumptions made during the Estimate Costs process

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

Answer

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

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