PMP Questions page 258

2571.

Most project management software packages use a method of constructing a project schedule network diagram known as:

Select one

Waterfall Method

Precedence Diagramming Method

Agile Method

Just-in-time Method

Select one

The project’s critical path is limited by the non-critical activities.

Managers who choose to lead from the front are more successful.

A system's throughput is limited by at least one constraint.

Managers who delegate more are more successful.

2573.

Martin is the project manager of a project that is in an early phase. He needs to estimate costs but finds that he has a limited amount of detailed information about the project. Which of the following estimation techniques is least suited to his requirements?

Select one

Top-down Estimating

Bottom-up Estimating

Analogous Estimating

Budgetary Estimating

2574.

The performance reports produced during the Control Procurements process are then provided to which project management process for further processing?

Select one

Monitor & Control Project Work in the form of work performance information

Direct & Manage Project Work in the form of work performance data

Perform Integrated Change Control in the form of a change request

Performance report is not an output of the Control Procurement process

2575.

A seller began a project that was contracted on a time-and-materials (T&M) basis. Based on the agreed-upon rates and effort, the initial contract amount was $100,000 over a one-year period. However, when the project was completed, the total contract value turned out to be $350,000 over a two-year period. What mechanism could the buyer have used to prevent this unlimited cost growth and schedule change?

Select one

A service level agreement

A penalty based on the increased cost and timeline

Use of a fixed price contract

Use of a not-to-exceed value and a time limit on the contract

2576.

The Budget at Completion (BAC) for a project is $50,000. The Actual Costs (AC) to date are $10,000. The Earned Value (EV) is $7,000. At this stage, the project management team did a manual bottom-up summation of costs and forecast an Estimate to Complete (ETC) of $50,000. What is the Estimate at Completion (EAC) for the project?

Select one

$57,000

$40,000

$53,000

$60,000

2577.

Projects, portfolios, and programs are different entities in an organization. Which of the following choices states a correct relationship between them?

Select one

A project is a collection of programs and portfolios that are grouped together to achieve the project objectives.

A program consists of a collection of projects or portfolios that are grouped together to achieve strategic business objectives.

A program is a collection of projects that are grouped together for convenience. It may include unrelated work if the work is under the same business division.

A portfolio consists of a collection of projects or programs that are grouped together to achieve strategic business objectives. The projects or programs need not be directly related.

2578.

Carole is managing a hotel refurbishment project. She has identified her project's key stakeholders. Carole now wants to expand this list of stakeholders and convert it to a comprehensive list of project stakeholders. What should Carole do?

Select one

Do not spend more time on identifying the non-key stakeholders

Seek expert judgment from the identified key stakeholders

Request that the project sponsor provide the details of the remaining stakeholders

Carry out a stakeholder analysis with the identified key stakeholders

2579.

Janice, a project manager, wanted to obtain early feedback on the project requirements. However, she was concerned that the abstract representations of the requirements might not elicit useful feedback. Which of the following tools and techniques might help her overcome this hurdle?

Select one

Histograms

Prototypes

Ishikawa diagram

Control charts

2580.

You are the project manager of a project and are about to conduct a risk identification exercise in a few days’ time. You want to remind the participants in the exercise beforehand of the various sources from which risk may arise in the project. What could you use to help you do this?

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