PMP Questions ID 4262 which of the following might require re baselining of the cost baseline

Which of the following might require re-baselining of the cost baseline?

Select one

Updates to the cost management plan

Revised cost estimates

Budget updates

Corrective action

You are a project manager for Laurel's Theater Productions. Your new project is coming in over budget and requires a cost change through the cost change control system. You know which of the following statements are true regarding Control Costs?

Select three

A description of how cost changes should be managed and controlled is found in the cost management plan.

Approved cost changes are reflected in the cost baseline.

EVM is used to determine the cost performance that must be realized for the remaining work of the project to meet the BAC goal.

This equation, EAC = BAC / cumulative CPI, is used to forecast an estimate at completion assuming future project performance will be the same as past performance.

Answer

PMP Question No 4260 - All Domains

You are a project manager for Dutch Harbor Consulting. Your latest project involves the upgrade of an organization's operating system on 236 servers. You performed this project under contract. You are closing out the project and the procurement and know that you should document and file which of the following?

Select two

Administrative documents

The written notice that the contract is complete

Formal acceptance of the work of the project

Product verification of the work of the project

Answer

PMP Question No 4259 - All Domains

You are the project manager for a top-secret software project for an agency of the U.S. government. Getting top-secret clearances for contractors takes quite a bit of time and waiting for clearances could jeopardize the implementation date. Your mission—should you choose to accept it—is to complete the project using internal resources. Your agile programmers are 80 percent of the way through the programming and testing when your agency appoints a new executive director. Your programmers are siphoned off this project to work on the executive director's hot new project before they finish this project. Which of the following are true regarding this question?

Select two

This project ended due to starvation.

You should perform the Validate Scope process which documents the level and degree of completion.

The DoD, such as describing the functionality, purpose, and how the functionality should be performed, helps determine if the functionality produced at the end of the iteration is ready for the customer to use.

The Validate Scope process documents the correctness of the work according to stakeholders' expectations and is not needed for an agile project.

Answer

PMP Question No 4258 - All Domains

You are a project manager for Dakota Software Consulting Services. You're working with a major retailer that offers online and in retail stores. You're using a performance review to examine elements such as actual start and end dates for schedule activities. You also used SV and SPI calculations to determine the impact of schedule variations, which are more than the stakeholders will tolerate. Rumors have started and stakeholders have heard there might be a schedule delay. They've asked for a full report on the situation. Which of the following are true regarding this scenario?

Select two

You should ensure you know the facts about the schedule variances and how much the schedule might be delayed before reporting anything to the stakeholders.

You should act as quickly as possible to implement corrective actions so that the schedule is brought back in line with the plan and delays are reduced as far as possible.

Examine float variances because the activities with the least amount of float have the potential to cause the biggest schedule delays.

Delays to the critical path tasks may cause delays to the project completion date, so examine any variances in ascending order of critical path tasks.

Answer

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