PMP Questions ID 2822 a project manager facilitated a meeting with the product manager and project team to discuss the

A project manager facilitated a meeting with the product manager and project team to discuss the results of the latest iteration. As part of the meeting, the project manager also reviewed the budget consumed to date on the project, highlighting appraisal costs. Which of the following best describes appraisal costs?

Select one

Costs expended to examine the product or process and make certain the requirements are being met

Costs when things don’t go according to plan

Costs that occur externally, when the customer determines that the requirements have not been met

Costs associated with satisfying customer requirements by creating a product without defects

A project manager meets with the team to discuss how they will measure budget performance moving forward. What activity is the team engaged in?

Select one

Taking corrective action

Evaluating performance

Developing the cost management plan

Developing the project budget

A project manager facilitates a meeting with the project team to review an assessment of risks recently completed. During this meeting, they evaluate options for responding to the risks. It is decided that two risks will not receive any action and that they will deal with the consequences at the time of occurrence, should they occur. What type of risk response is this?

A project manager meets with the project sponsor for a weekly update. Company performance has been rocky, and the sponsor nervously asks what the chances are of the project coming to a successful closure. To date, the project has been on track and is nearing the end of Execution. How should the project manager respond?

Select one

The likelihood of successful completion is high.

The likelihood of successful completion is highest.

The likelihood of successful completion is low.

The likelihood of successful completion is lowest.

Yasmin is a project manager tasked with putting together the project charter for a project that will produce a new line of widgets for the company. After meeting with various key stakeholders, she sits down to draft the document. Yasmin is likely to include all of the following elements within the project charter except for which one?

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