PMP Questions ID 2120 you and everyone involved are inexperienced with the methodology techniques and tools in light

You and everyone involved are inexperienced with the methodology, techniques, and tools. In light of this new approach, what is the best thing to do

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Revise the schedule to account forr the decreased effectiveness of inexperienced resources

Revise the project estimate to account for the cost of training team members

Hire resources from the outside with experience in the methodology, tools and techniques to meet the schedule baseline

Request proper training be provided and paid for by the functional manager

The approximate resource costs necessary for completing project activities are compiled during which project management process

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Estimate costs

Cost aggregation

Forecasting

Funding limit reconciliation

You just completed a cost estimate on the project, and you're assuming there is a 15 per chance you will exceed this estimate. You are

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Below the mean

Above the mean

Below the median

Above the median

The planned announcement is a closely guarded secret, as the organization does not want the competition to attempt to steal secrets or deflect media attention the project is over budget to date. Which of the following is not a reason this could have occurred?

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Work was done inefficiently

There was a cost increase from the supplier

More work than planned was accomplished

Work was delayed

The customer responsible for overseeing your project asks you to provide a written cost estimate that is 30% higher than your estimate of the project's cost. He explained that the budgeting process requires managers to estimate pessimistically to ensure enough money is allocated for projects. What is the best way to handle it

Select one

Ask for information on risks that would cause your estimate to be too low

Create one cost baseline for budget allocation and a second one for the actual project management plan

Add the 30% to your cost estimate by spreading it evenly across all project activites

Add the 30% as a lump sum conginency fund to handle project risks

New PMP Question & Answers with explanation