PMP Questions ID 2123 the project sponsors have asked you to assess the feasibility of meeting the objectives and cost

The project sponsors have asked you to assess the feasibility of meeting the objectives and cost constraints. .why should you use analogous estimating

Select one

It provides a basis for monitoring and controlling and performance measurement

It is faster

It gains buy-in from the team because the team creates the estimates

It is more accurate than bottom-up estimating

Company abc is evaluating three consulting companies to find a consultant to perform professional services. They request information on how the three consulting companies allocate fringe benefits to their clients. What type of cost is company abc asking about

Select one

Indirect

Variable

Direct

Fixed

Your company is in competition to win a major project for the government of a country. Your contacts in that country inform you that you must make a large payment to the foreign minister to be considered for the project. What should you do

Select one

Have the local contact make the payment

Do not make the payment

Infrom your company's management, and ask for direction

Make the payment

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

Select one

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

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

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

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

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

Select one

Estimate costs

Cost aggregation

Forecasting

Funding limit reconciliation

New PMP Question & Answers with explanation