767 New PMP Process Questions & Answers with explanation
651.
If earned value = 500, planned value = 700, and actual costs = 450, what is the schedule variance?
Select one
652.
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?
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653.
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?
Select one
654.
At what point in the project’s life cycle is the risk probability of occurrence at its highest?
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655.
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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656.
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?
Select one
657.
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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658.
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
659.
All of the following statements are true regarding trend analysis except for which one?
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660.
Which of the following processes are responsible for adjusting stakeholder engagement and communication strategies and plans, based on how the project is progressing and how the results compare to the plan.
Select one