PMP Questions ID 3086 you are a project manager for rhone valley importers your buyer has found a new product that she

You are a project manager for Rhone Valley Importers. Your buyer has found a new product that she’s convinced will sell well in this country. Taking on this new product introduces considerable opportunity for the company but at the same time is also a considerable threat. The cost of this product exceeds anything your company has imported before, and if it doesn’t sell as well as the buyer thinks it will, the company could go into bankruptcy. You determine that a feasibility study is in order. Which of the following statements is not true?

Select one

One purpose of the feasibility study is to determine marketing demand for the new product that could in turn become the demand that drives the project.

A feasibility study should be conducted to determine the potential market, costs, risks, and other factors.

One of the end results of the feasibility study might be to produce a project charter that will include a description of the intended outcome of the project, a budget, and a detailed project schedule for management review.

During the feasibility study, you could use the Project Risk Management processes to identify all opportunities and exploit their possibilities, determine the potential threats, and minimize the probability and consequences of those threats.

PMP Question No 3084 - All Domains

The project manager is in the process of bringing the relevant parties together, along with a neutral party, to discuss a contested change to a procurement agreement. Which of the following is a valid tool or technique to assist the project manager in performing this activity?

Select one

Claims administration

Change control system

Audit

Inspection

Answer

PMP Question No 3083 - All Domains

Which of the following reflect ideal characteristics of Agile teams?

Select three

Dedicated 100 percent to project

Colocated

Range in size from three to nine team members

Facilitate daily status meetings

Answer

PMP Question No 3081 - All Domains

The project phases together constitute which of the following?

Select one

Project phases

Project management plan

Project life cycle

Project management

Answer

PMP Question No 3080 - All Domains

You are in the Planning stage of the project and have just begun to generate the cost baseline. In what activity are you engaged as a project manager?

Select one

Performing the Plan Cost Management process

Performing the Estimate Costs process

Performing the Determine Budget process

Performing the Control Costs process

Answer