PMP Questions ID 3250 you are in the midst of performing cost management activities you discover there are two competi

You are in the midst of performing cost management activities. You discover there are two competing alternatives to decide between: you can hire a contractor to build one of the project’s deliverables, or you can buy the deliverable from an overseas supplier. Both options require acquisition, operating, and disposal costs that you compare between the two alternatives to make a decision. What technique are you using?

Select one

Earned value management

Value engineering

Life-cycle costing

Financial analysis

Select one

It is necessary for all team members to possess emotional intelligence skills.

Emotional intelligence skills include collaboration, humility, and willingness to communicate.

It is critical for a project manager to possess emotional intelligence skills.

It is not necessary for all team members to possess emotional intelligence skills.

Your selection committee is considering two projects. They can choose only one or the other. Project A’s expected cash inflows are $14,000. It has a payback period of 14 months, and IRR equals 4 percent. Project B expects cash inflows of $5,000 per quarter for the first 16 months, and its IRR is 2. Which project should the selection committee choose and why?

Select one

Project A, because its payback period is shorter than Project B’s

Project B, because its IRR value is less than Project A’s

Project B, because the payback period is shorter than Project A’s

Project A, because its IRR value is higher than Project B’s

Select one

Inclusion ensures all team members can participate and have a voice on the team.

Inclusion encompasses hiring project team members from a variety of religious backgrounds, cultures, ethnicities, and experiences.

Diverse teams can explore new ideas and identify ideas to clear challenges and issues.

Generational sensitivity involves understanding differences across the generations in the workforce today.

A, B, C, D

Which of the following best describes the role of a cross-functional team member within an Agile team?

Select one

The individual who guides and coaches the team, sometimes referred to as Scrum master, project manager, or team coach

The individual responsible for guiding the direction of the product

Individuals who possess the skills necessary to produce a working product

The individual with decision-making authority who authorizes and releases team member assignments

New PMP Question & Answers with explanation