PMP Questions ID 4144 which of the following options is the key component of determining cost estimates and should be c

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Agile & Scrum

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CLOUD COMPUTING

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DECISION SUPPORT SYSTEM (DSS)

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IT STRATEGY COMMITTEE & IT STEERING COMMITTEE

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New PMP Question & Answers with explanation

Which of the following options is the key component of determining cost estimates and should be completed as early in the project as possible?

Select one

Scope definition

Basis of estimates

Activity cost estimates

Resource requirements

PMP Question No 4143 - All Domains

You are a project manager working for iTrim Central. Your organization has developed a new dieting technique that is sure to be the next craze. One of the deliverables of your feasibility study was an analysis of the potential financial performance of this new product, and your executives are very pleased with the numbers. You will be working with several vendors to produce products, marketing campaigns, and software that will track customers' progress with the new techniques. For purposes of performing earned value measurements for project costs, you are going to place which of the following in the WBS?

Select one

Chart of accounts

Code of accounts

Control account

Reserve account

Answer

PMP Question No 4142 - All Domains

You are a project manager working for iTrim Central. Your organization has developed a new dieting technique that is sure to be the next craze. You're preparing your cost management plan. You know that all of the following are true regarding this plan except for which one?

Select one

The WBS provides the framework for this plan.

Units of measure should be described in the plan usually as hours, days, weeks, or lump sum.

This plan is a subsidiary of the project management plan.

Control thresholds should be described in the plan as to how estimates will adhere to rounding ($100 or $1,000, and so on).

Answer

PMP Question No 4141 - All Domains

When you're creating the cost management plan, which project elements should you consider and review?

Select two

The approved project charter and project scope

The level of precision and accuracy

The units of measure and control thresholds

The project schedule and project resources

Answer

PMP Question No 4140 - All Domains

Which of the following are true regarding the stakeholder engagement plan?

Select two

The stakeholder engagement plan documents the types of information needs the stakeholders have, when the information should be distributed, and how the information will be delivered.

The stakeholder engagement plan is developed by analyzing the needs, interests, and potential impacts of the stakeholders. It documents strategies needed to promote stakeholder decisionmaking and execution.

The stakeholder engagement plan helps to define and manage the flow of information to the stakeholders.

The stakeholder engagement plan considers the organizational structure and stakeholder requirements.

The stakeholder engagement plan captures the strategies needed to engage stakeholders throughout the project.

Answer