PMP Questions ID 3153 you are a project manager for wedding planners inc since every wedding is unique your organiza

You are a project manager for Wedding Planners, Inc. Since every wedding is unique, your organization believes in managing each one as a project. You’ve come up with a great idea for a new event that you’re certain customers will love and that will also profit the company. Your boss asks you to investigate alternative methods for implementing the new idea and come back with a recommendation. You discover that Alternative A could yield revenues of $21 million over the next two years, while Alternative B could yield revenues of $29 million over three years. The finance manager told you to use 5 percent as the cost of capital. Which project should you choose and why?

Select one

Alternative B, because its yield is higher than Alternative A’s yield.

Alternative A, because the discounted cash flows are $19,047,619 while the discounted cash flows for Alternative B are $25,051,831.

Alternative B, because the discounted cash flows are $26,303,854 while the discounted cash flows for Alternative A are $19,047,619.

Alternative B, because the discounted cash flows are $20,000,000 for Alternative A while the discounted cash flows for Alternative B are $27,619,047.

PMP Question No 3152 - All Domains

Which type of estimating technique can have a high level of accuracy?

Select one

Analogous estimating

Bottom-up estimating

Reserve analysis

Parametric estimating

Answer

PMP Question No 3151 - All Domains

Carina is a principal project manager of You’ve Got Dogs, a specialty company that creates custom dog apparel and toys. She has just obtained approval of the project management plan and is about to publish it to the project team. What process group are the activities she is performing associated with?

Select one

Initiating

Planning

Executing

Monitoring and Controlling

Answer

PMP Question No 3150 - All Domains

Sally and Joe are two project managers working in the corporate offices of a popular fast-food franchise. They are both studying for their PMP® certification and are having a discussion on the WBS. Sally is confused and asks Joe to describe what the WBS contains. What is Joe likely to respond with?

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The WBS includes a description of the project scope, major deliverables, assumptions, and constraints.

The WBS is a work package containing unique identifiers, which provide a structure for hierarchical summation of costs, schedule, and resource information.

The WBS is a document that provides detailed deliverable, activity, and scheduling information about each component within the project scope statement.

The WBS is a decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables.

Answer

PMP Question No 3149 - All Domains

You are sequencing activities and have just begun to identify dependencies. What can you use to help get you started quickly?

Select one

Enterprise environmental factors

Organizational process assets

Milestone list

Scheduling tool

Answer