196 New PMP Cost Questions & Answers with explanation
111.
The best method to control costs is to:
Select one
112.
The main focus of life cycle costing is to
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113.
There have recently been some leadership changes, and you have been asked to present information about your project and what you are doing these plans.what is most likely to happen to the allocation of funds for the plans that created if they are not needed
Select one
114.
The organization that you work for supports the achievement of its strategic objectives by empowering project managers and teams. The project managers have the authority to structure their teams, plans, and work however they deem necessary to best ahieve results. They are responsible for controlling the schedule and the budget, and for providing the steering committee and other departments of the organizations with forecasts. Which part of the cost budget would these project managers not have control over?
Select one
115.
Your project is being completed in another country. It is going reasonably well and is ahead of the cost projections when one of the local officials informs you he will make sure the project work stops unless you pay him us $50. What is the best thing to do?
Select one
116.
You have just completed the initiating processes of a small project and are moving into project planning when a project stakeholder asks you for the project's budget and cost baseline. What should you tell her?
Select one
117.
Half way through project executing, a team member alerts you to a potential cost overrun for a specific deliverable. What do you do first
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118.
A project has a team member assigned to the project full time. What is the most likely effect on the project if that resource completes her activity sooner than planned?
Select one
119.
You are a project manager working on a project that requires 100 items to be tested, spaced evenly over five weeks. You have just begun week three, with an overall budget of us $10,000. To date, you have spent us $2,000 with 40 items tested successfully. What does the cost variance (CV) tell you in this circumstance?
Select one
120.
You are working on the performance reporting for the project you are managing. Schedule performance is the top constraint. As you are gathering the data, you need information for the formulas that you will be reporting on. Which of the following represents the value of work actually completed
Select one