PMP Questions ID 3190 a project manager is performing quantitative risk analysis what output is likely to be produced

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New PMP Question & Answers with explanation

A project manager is performing quantitative risk analysis. What output is likely to be produced?

Select one

A list of potential risk responses

An assessment of probability and impacts for each individual risk

An assessment of overall project risk exposure

A priority level for each individual project risk

PMP Question No 3189 - All Domains

You are the project manager for Kitchens Plus Inc. The latest project involves the development of an automatic dicer with unique industry features and has a project budget of $95,000. Based on the latest data, the project has a planned value of $70,200, an earned value of $59,000, and an actual cost of $65,500. How is the project currently performing according to the schedule and budget?

Select one

The project is ahead of schedule and under budget.

The project is ahead of schedule and over budget.

The project is behind schedule and under budget.

The project is behind schedule and over budget.

Answer

PMP Question No 3188 - All Domains

All of the following are true regarding EMV analysis except for which one?

Select one

EMV is a tool and technique within the Perform Quantitative Risk Analysis tools and techniques.

EMV is often used in conjunction with decision-tree analysis.

EMV examines risk from the perspective of the project as a whole.

EMV is calculated by multiplying the probability of the occurrence by the value of each possible outcome and adding the results together.

Answer

PMP Question No 3187 - All Domains

During a status meeting, the project manager informs the team that the project has spent a total of $7,500 to date and that the earned value is $5,000. How is the project currently performing?

Select one

Under planned cost

On planned cost

Over planned cost

Insufficient information provided

Answer

PMP Question No 3185 - 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. At this point in the project life cycle, costs are likely to be which of the following?

Select one

Lowest

Low

High

Highest

Answer