PMP Questions ID 4039 the plan procurement process applies evaluation criteria to bids and proposals and selects a vend

The Plan Procurement process applies evaluation criteria to bids and proposals and selects a vendor. It also uses independent estimates to compare vendor prices. This is also known as which of the following?

Select one

Should cost estimates

Expert judgment

Independent comparisons

Analytical techniques

Who is responsible for performing and managing project integration when using an agile project management approach?

Select one

Team members

Product owner

Scrum master

Project manager

According to the PMBOK® Guide, which of the following names all the components of an interactive communication model?

Select one

Encode, transmit, decode

Encode, transmit, decode, acknowledge, feedback/response

Encode, transmit, decode, feedback/response

Encode, transmit, acknowledge, decode

You are a project manager working on gathering requirements and establishing estimates for the project. Which process group are you in?

Select one

Planning

Executing

Initiating

Monitoring and Controlling

Your project involves the research and development of a new food additive. You're ready to release the product to your customer when you discover that a minor reaction might occur in people with certain conditions. The reactions to date have been very minor, and no known long-lasting side effects have been noted. As project manager, what should you do?

Select one

Do nothing because the reactions are so minor that very few people will be affected.

Inform the customer that you've discovered this condition and tell them you'll research it further to determine its impacts.

Inform your customer that there is no problem with the additive except for an extremely small percentage of the population and release the product to them.

Tell the customer you'll correct the reaction problems in the next batch, but you'll release the first batch of product to them now to begin using.

New PMP Question & Answers with explanation