New PMP Question & Answers with explanation
You have selected a vendor and are meeting with them to begin discussing the details of the final contract. They tell you that the equipment originally bid in the RFP is no longer available. They say the best solution is to buy the new equipment they’re offering, which costs more than the original equipment. You have concerns that the new equipment might not be compatible with existing equipment and discuss this with them. After further investigation, it’s proven the new equipment will work, and the vendor agrees to add some additional training time to help offset the difference in price. Which of the following tools and techniques of the Conduct Procurement process does this describe?
Select one
A project team is using iterations within the project to introduce new functionality and complete the project deliverables. What development life cycle is the project team following?
Select one
Using a triangular distribution formula, calculate the cost estimate based on the following three-point estimates: Optimistic = $2,500, Most Likely = $3,500, Pessimistic = $7,200.
Select one
All of the following statements are true regarding trend analysis except for which one?
Select one
Which of the following processes are responsible for adjusting stakeholder engagement and communication strategies and plans, based on how the project is progressing and how the results compare to the plan.
Select one