PMP Questions ID 2085 the plan cost management process addresses all the following except

The plan cost management process addresses all the following except

Select one

Corrective actions needed to bring the project back on track

How project risks will be identified

Whether to use existing funds or borrow money to finance the project

Specifications for how estimates will be stated

PMP Question No 2084 - Cost

You are managing a new oil purification project in a foreign country. A person informs you that you will have to pay him a "transfer fee" for the permit to move heavy equipment through the city. What is the first thing you should do?

Select one

Make sure the person is really a government official

Negotiate openly with the city officials

Do not pay the fee

Pay the fee, but only to the city

Answer

PMP Question No 2083 - Cost

A cost management plan contains a description of:

Select one

The budgets and how they were calculated.

The project costs.

How resources are allocated.

The WBS level at which earned value will be calculated.

Answer

PMP Question No 2082 - Cost

A project manager is analyzing the project to find ways to decrease costs. It would be best the project manager looks at

Select one

Direct costs and variable costs.

Indirect costs and direct costs

Fixed costs and indirect costs

Variable costs and fixed costs.

Answer

PMP Question No 2081 - Cost

Your manager is worried about the project schedule. There is a critical deliverable due to the federal government in two weeks. If you miss the deliverable, you could lose the entire contract. To help reduce the manager's stress, you show him the earned value calculations you just completed. They show your cost performance index (CPI) is 1.25, your actual cost (AC) is us $400 million, and your planned value (pv) is us $490 million. Should you manager be comfortable?

Select one

He needs more data

Yes, your SPI is 1.05

Yes, your SV is $10 million

No, your CPI is too high

Answer

New PMP Question & Answers with explanation