769 New PMP Process Questions & Answers with explanation

651.
Which of the following techniques can provide the probability of a project completing on any given date?
Select one
652.
You are in the Monitor Communications process. Your organization has taken on a large, complex, multiyear project. You are coming in as the new project manager (the old project manager left one day for lunch and never came back). After you’ve spent some time working on the project, you begin to realize that the project sponsor doesn’t want to hear bad news. There is, unfortunately, some bad news related to the project, but you have a plan to get the project back on track. One of the other stakeholders on the project informed you that the sponsor had just told them that the project was proceeding as planned and was on time and on budget. You’ve found that the stakeholders are not communicating with each other and that since you’ve started working on the project, there have been no regularly scheduled meetings with stakeholders. All of the following are true regarding this question except which one?
Select one
653.
If earned value = 500, planned value = 700, and actual costs = 450, what is the schedule variance?
Select one
654.
Yazzy is a junior project manager for a fitness company that is developing a new franchise model. She is currently working under the guidance of a senior project manager over her parent project, who asks that she calculate the expected costs to finish the remaining project work. The work is proceeding as planned. She determines that the EAC is \$75,000, and the cumulative actual costs to date are \$50,000. What will Yazzy communicate to the senior project manager?
Select one
655.
Two project managers preparing for the PMP® exam sat and debated over the various ways that project life-cycle phases could be performed. The project managers would be covering all of the following except for which one?
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656.
At what point in the project’s life cycle is the risk probability of occurrence at its highest?
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657.
The project management team is coordinating the decision between making or buying a product. Making the product would require an initial investment of \$35,000 and has a probability of 15 percent failure and a probable impact of \$15,000. Buying the product would require an initial investment of \$25,000 but has a probability of 35 percent failure and \$10,000 impact. What is the expected monetary value of making the product?
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658.
You have selected a vendor and are meeting with them to begin discussing the details of the final contract. They tell you that the equipment originally bid in the RFP is no longer available. They say the best solution is to buy the new equipment they’re offering, which costs more than the original equipment. You have concerns that the new equipment might not be compatible with existing equipment and discuss this with them. After further investigation, it’s proven the new equipment will work, and the vendor agrees to add some additional training time to help offset the difference in price. Which of the following tools and techniques of the Conduct Procurement process does this describe?
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659.
A project team is using iterations within the project to introduce new functionality and complete the project deliverables. What development life cycle is the project team following?
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660.
Using a triangular distribution formula, calculate the cost estimate based on the following three-point estimates: Optimistic = \$2,500, Most Likely = \$3,500, Pessimistic = \$7,200.
Select one