PMP Questions ID 3178 you are the project manager for a pharmaceutical company the latest project involves a new drug

You are the project manager for a pharmaceutical company. The latest project involves a new drug that will be released in six months. The project for the release is going well and closely mirrors the release of a drug that took place the previous year. With accurate historical information and quantifiable parameters in hand, what is the best type of cost estimating technique to use during the Determine Budget process?

Select one

Earned value

Parametric estimating

Analogous estimating

Cost aggregation

Select one

The project management plan describes how the project will be executed, monitored, controlled, and closed.

The project management plan describes the requirements that must be met in order to produce the project and product scope.

The project management plan documents the project success criteria, the approval requirements, and who will sign off on the project.

The project management plan documents the business need and the cost-benefit analysis that justifies the project.

You are using the tools and techniques of the Control Schedule process and know all of the following are true except for which one?

Select one

Schedule variances are a key factor in monitoring and controlling project time.

Comparing actual dates to estimated or forecast dates is one way to determine schedule variances.

Delays to noncritical path activities will not cause schedule delays.

Delays to critical path tasks will always cause schedule delays.

A project manager is managing a project working to produce a fitness tracking device. He has just finished getting the project authorized and analyzing stakeholder needs and expectations. What activity is he likely to perform next?

Select one

Generate a project charter

Put together the project management plan

Collect the project and product requirements

Develop a stakeholder engagement strategy

Carina is a principal project manager of You’ve Got Dogs, a specialty company that creates custom dog apparel and toys. She has just finished developing the project charter of a project that will create a new line of high-tech dog bones. What is the significance of the project charter?

Select one

Once the charter is approved, the project team can begin working on the project.

Once the charter is approved, the project manager can begin carrying out planning activities.

Once the charter is approved, the project sponsor can begin allocating funds to the project.

Once the charter is approved, it gives the project manager authority to apply resources to the project.

New PMP Question & Answers with explanation