PMP Questions ID 2091 you are in the middle of project executing and find you are running out of money due to unanticip

You are in the middle of project executing and find you are running out of money due to unanticipated changes. What is the best thing to do

Select one

Crash or fast track the project

Ask for a change to the project budget

Reevaluate the risk analysis and contingency funding

Use resources that do not charge against the project

Early in the life of your project, you are having a discussion with the sponsor about what estimating techniques should be used. You want a form of expert judgment, but the sponsor argues for analogous estimating. It would be best to:

Select one

Try to convince the sponsor to allow expert judgment because it is typically more accurate.

Suggest life cycle costing as a compromise.

Determine why the sponsor wants such an accurate estimate.

Agree to analogous estimating, as it is a form of expert judgment.

You provide a project cost estimate for the project to the project sponsor. He is unhappy with the estimate, because he thinks the price should be lower. He asks you to cut 15 percent off the project estimate. What should you do?

Select one

Inform the sponsor of the activities to be cut.

Add additional resources with low hourly rates

Tell all the team members to cut 15 percent from their estimates.

Start the project and constantly look for cost savings.

This has been determined that six additional computers are needed to complete the project. The computers are an example of

Select one

Limited cost

Diminishing cost

Indirect cost

Fixed cost

How close to actual costs should a definitive budget estimate be

Select one

(75 per) to 25 per

10 per to (25 per)

(5per) to 10 per

+/-15per

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