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197 New PMP Cost Questions & Answers with explanation

Payment for any decision made or encouraged by a foreign official with respect to whether a company will be awarded a project is best described as:
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The project manager has been asked to explain what occurred and what will be done to keep to the budget. Which calculation is the project manager likely to use as a measurement tool to analyze this inforrmation?
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Your manager has asked you for a cost baseline for the project, but it is early in the project management process and there is very little project information. In this circumstance, what is the best way to estimate this project?
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Which estimating method tends to be most costly for creating a project cost estimate?
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You are having difficulty estimating the cost of a project. Which of the following best describes the most probable cause of your difficulty
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To-complete performance index (TCPI) is represented by which of the following?
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`project setup costs are an expampel of:
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You have been working with the subject matter experts to estimate the activity durations and costs on the project. All of the following are outputs of the estimate costs process excpet:
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A company has invested significant capital in a current project. The project involves infrastructure and technology changes that will impact private client data, processing of transactions, and the distribution of goods to end users. Recent regulatory changes have made this project a higher priority for the company. While completing the project, the project manager realizes he needs to decrease project costs. There are concerns that this could impact end user satisfaction and create potential compliance issues. After researching his options, he comes up with the following choices. He will need to communicate the recommended option to the project stakeholders. Which choice would decrease project costs?
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As you review the project results, you notice you have spent us $1,200,000 at the last reporting point. You know the schedule performance index (SPI) is 1.1. Considering you feel you should have spent us $1,300,000 to this point, what are the cost performance index (CPI), and the schedule and cost variances?
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