PMP Questions ID 3303 mike is a seasoned project manager who has been tasked with mentoring bernard a junior project m

Mike is a seasoned project manager who has been tasked with mentoring Bernard, a junior project manager. During a mentoring session, Mike talks about the two types of knowledge. One type, he shares, can be codified using words, pictures, and numbers. What type of knowledge is Mike referring to?

Select one

Unknown

Tacit

Explicit

Known

PMP Question No 3302 - All Domains

Your project has experienced some changes in performance, and some risks have occurred. EAC and BAC now differ as a result. Your project sponsor is asking for an estimate of the cost of the project at completion. Which of the following is true?

Select one

BAC may no longer be reasonable given the changes in performance, so you should use EAC to forecast the cost at completion.

EAC may no longer be reasonable given the changes in performance, so you should use BAC to forecast the cost at completion.

BAC may no longer be reasonable given the changes in performance, so you should use ETC to forecast the cost at completion.

EAC may no longer be reasonable given the changes in performance, so you should use ETC to forecast the cost at completion.

Answer

PMP Question No 3301 - All Domains

You are the project manager for the Heart of Texas casual clothing company. Your project involves installing a new human resources system, and you are using a hybrid approach to delivering project outcomes. You’ve identified the risks associated with this project and are ready for the next step. What is the next step?

Select one

You should evaluate the risks and assign probabilities and impacts using Qualitative and/or Quantitative Risk Analysis.

You should use the Delphi technique to confirm the risks you’ve detailed and identify others you may have missed.

You should develop responses to the risks by performing the Develop Risk Response process.

You should define the steps to take to respond to the risks and detail them in the risk response plan.

Answer

PMP Question No 3300 - All Domains

Your project selection committee is meeting later this week and is considering initiating one of two projects. They’ve asked you to recommend the project that will benefit the organization the most. The information you’ve gathered shows the initial investment for Project 1 is $795,000. Monthly cash inflows for the first year are $44,000, and expected cash inflows beginning in year 2 are $156,000 per quarter. Project 2 has an initial investment of $845,000. Expected quarterly inflows for the first year are $180,000. Beginning in the second year, inflows are expected to be $136,000 per quarter. Which project should you recommend to the committee and why?

Select one

Project 1, because it has a payback period of 18 months, which is shorter than Project 2’s payback period

Project 2, because it has a payback period of 15 months while Project 2 has a payback period of 18 months

Project 1, because it has a lower initial investment than Project 2

Project 2, because it has a payback period of 16 months while Project 1 has a payback period of 19 months

Answer

PMP Question No 3299 - All Domains

Which of the following is a valid input that aids the project manager in managing the overall work of the project?

Select one

Project documents

Expert judgment

Issue log

Work performance data

Answer

New PMP Question & Answers with explanation