PMP Questions ID 3128 the project sponsor has approached you with a dilemma the ceo announced at the annual stockholde

The project sponsor has approached you with a dilemma. The CEO announced at the annual stockholders’ meeting that the project you’re managing will be completed by the end of this year. The problem is that this is six months prior to the scheduled completion date. It’s too late to go back and correct her mistake, and stockholders are expecting implementation by the announced date. You must speed up the delivery date of this project. Your primary constraint before this occurred was the budget. What actions can you take to help speed up the project?

Select one

Ask for more money so that you can contract out one of the phases you had planned to do with in-house resources.

Examine the project plan to see whether there are any phases that can be fast-tracked and then revise the project plan to reflect the compression of the schedule.

Hire more resources to get the work completed faster.

Utilize negotiation and influencing skills to convince the project sponsor to speak with the CEO and make a correction to her announcement.

PMP Question No 3127 - All Domains

You have used several cash flow methods to determine alternative ways of performing your current project. Which of the following do you know is true regarding the results of your cash flow analysis?

Select one

Payback period and IRR will generally give you the same accept/reject decision.

NPV and discounted cash flows will generally give you the same accept/reject decision.

Payback period and discounted cash flows will generally give you the same accept/ reject decision.

NPV and IRR will generally give you the same accept/reject decision.

Answer

PMP Question No 3125 - All Domains

Plan Schedule Management, Estimate Activity Durations, and Control Schedule are processes that belong to what project management Knowledge Area?

Select one

Project Time Management

Project Integration Management

Project Schedule Management

Project Resource Management

Answer

PMP Question No 3124 - All Domains

Your customer has decided that you cannot go forward with the project you’re managing without a change to the agreed-upon WBS. A contract amendment is agreed on and signed, the change control system processes are followed, and you modify the appropriate planning documents to reflect the change. As a result of the approved change, substantial updates to the project costs and the project schedule occur as well. Which of the following is not true regarding this situation?

Select one

Baselines must be adjusted to reflect the new project costs and schedule.

The PMB includes management reserves and contingencies.

The PMB is determined using EVM.

The schedule, scope, and cost baseline together make up the PMB.

Answer

PMP Question No 3123 - All Domains

Which process is concerned with effectively engaging stakeholders, understanding their needs and interests, understanding the good and bad things they bring to the project, and understanding how the project will affect them?

Select one

Control Stakeholder Engagement

Plan Stakeholder Engagement

Identify Stakeholders

Manage Stakeholder Engagement

Answer