New PMP Question & Answers with explanation

Match the conflict resolution technique with its description.
Matching
Types of Conflict Resolution Techniques
Type Description
Avoid
To incorporate multiple viewpoints and lead to consensus and commitment. This is considered a win-win situation.
Reconcile
To emphasize agreement and concede one’s position to maintain harmony or relationships. This is considered a win-lose situation.
Direct
To search for a temporary solution that satisfies all parties. This is considered a lose-lose situation.
Problem Solve
To push one’s viewpoint at the expense of others. This is considered a win-lose situation.
Accommodate
To retreat from the conflict situation. This is considered a lose-lose situation.
During quantitative risk analysis, a project manager held a planning meeting with key stakeholders to share the results of the latest analysis conducted. What-if scenarios were performed on several important risks and then displayed using a tornado diagram. This is an example of:
Select one
Ronald Pierce is a high-end furniture store chain. The company is in the process of developing a new renaissance style edition for release in six months. The project manager leading the development of the new edition is currently developing risk responses, alongside the risk management team. In response to one of the threats, insurance was purchased to cover any potential losses, should the risk emerge. What type of response did the team utilize?
Select one
If earned value = 1,700, planned value = 2,000, and actual costs = 1,950, what is the CPI?
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A project manager meets with a key set of experts within her project team. They express concerns over recent cost estimates produced, insisting that they have not sufficiently considered alternatives. It is still early in the project life cycle. Which of the following is a valid tool or technique that can aid the project manager in addressing the team’s concerns?
Select one