PMP Questions ID 4148 you are the project manager for a custom homebuilding construction company you are working on t

You are the project manager for a custom home–building construction company. You are working on the model home project for the upcoming Homes Tour. The model home includes smart home connections, talking appliances, and wiring for home theaters. You are working on the cost baseline for this project. Which of the following statements are true?

Select three

The cost baseline is the time-phased budget at completion for the project.

The cost baseline will be used to measure variances and future project performance.

This process aggregates the estimated costs of project activities.

This process assigns cost estimates for expected future period operating costs.

Your organization has historically performed projects using a predictive methodology. You'd like to give the agile process a try. You have a low-risk, low-priority project that is perfect for this experiment. However, the project sponsor of this project is nervous about using a new approach that's never been tried before. Which of the following actions should you take in this scenario?

Select one

Make certain you are allocating time to mentoring stakeholders.

Ensure that the sponsor is committed to the project and to the methodology.

Mentor the sponsor and the stakeholders on the agile process by providing training to educate them on the agile processes.

Consider using a hybrid approach to help the sponsor feel a little more at ease, because this will mix some of the processes with which they are familiar with agile processes.

All of the above.

When an agile team is communicating, several meetings occur including a daily stand-up. Which of the following options are true regarding the daily stand-up in an agile methodology?

Select two

Stand-ups are intended to examine the work of the project and note corrections that are needed for the next iteration.

Iteration-based stand-ups focus on team members.

Stand-ups are intended to examine what is going well, and not so well, with the iteration.

Flow-based stand-ups focus on team capacity and workflow.

You want to improve your cost estimates by taking into account estimation uncertainty and risk. Which of the following estimating techniques will you use?

Select one

Analogous estimates

Three-point estimating

Parametric estimates

Bottom-up estimates

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

Resource requirements

Activity cost estimates

Basis of estimates

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