PMP Questions ID 4021 you are a project manager for waterways houseboats inc you ve been asked to perform a costbene

You are a project manager for Waterways Houseboats, Inc. You've been asked to perform a cost–benefit analysis for two proposed projects. Project A costs $2.4 million, with potential benefits of $12 million and future operating costs of $3 million. Project B costs $2.8 million, with potential benefits of $14 million and future operating costs of $2 million. Which project should you recommend?

Select one

Project A, because the cost to implement it is cheaper than with Project B

Project B, because the potential benefits minus the implementation and future operating costs are greater in value than the same calculation for Project A

Project B, because the potential benefits minus the costs to implement are greater in value than the same calculation for Project A

Project A, because the potential benefits plus the future operating costs are less in value than the same calculation for Project B

You have just prepared an RFP for release. Your project involves a substantial amount of contract work detailed in the RFP. Your favorite vendor drops by and offers to give you and your spouse the use of their company condo for your upcoming vacation. It's located in a beautiful resort community that happens to be one of your favorite places to go for a getaway. What is the most appropriate response?

Select one

Thank the vendor, but decline the offer because you know this could be considered a conflict of interest.

Thank the vendor, and accept. This vendor is always offering you incentives like this, so this offer does not likely have anything to do with the recent RFP release.

Thank the vendor, accept the offer, and immediately tell your project sponsor so they're aware of what you're doing.

Thank the vendor, but decline the offer because you've already made another arrangement for this vacation. Ask them whether you can take a rain check and arrange another time to use the condo.

You need to convey some very complex, detailed information to the project stakeholders. What is the best method for communicating this kind of information?

You are the project manager for Xylophone Phonics. It produces children's software programs that teach basic reading and math skills. You are performing the Plan Quality Management process and are identifying operational definitions. Which of the following does this describe?

Your team is developing the risk management plan. Which tool and technique of this process is used to develop risk cost elements and schedule activities that will be included in the project budget and schedule?

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