PMP Questions ID 2086 which of the following is a key way to improve activity cost estimates

All Domains

Agile & Scrum

People

Process

Business Environment

CLOUD COMPUTING

Communications

Cost

DECISION SUPPORT SYSTEM (DSS)

FIREWALL TYPES & IMPLEMENTATION

Integration

IT STRATEGY COMMITTEE & IT STEERING COMMITTEE

Procurement

Quality

Resource

Risk

Schedule

Scope

Stakeholder

New PMP Question & Answers with explanation

Which of the following is a key way to improve activity cost estimates

Select one

Let management create the management reserve and the activity cost estimates

Base activity estimates on the upper and lower control limits

Use historical data

Let the project manager create the activity cost estimates

PMP Question No 2085 - Cost

The plan cost management process addresses all the following except

Select one

Specifications for how estimates will be stated

How project risks will be identified

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

Corrective actions needed to bring the project back on track

Answer

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