PMP Questions process knowledge page 71

702.

You work for Star Bank as a project manager. Your project is so large and risky that you’re not certain the organization should undertake it. You propose conducting a feasibility study, as its own project, to examine the benefits of the new proposed project. The feasibility study is approved and begun. Which of the following statements is not true regarding this project?

Select one

The Initiating processes acknowledge that the next project phase should begin. Costs are low in this process, while the risks are high.

The Initiating processes occur at the beginning of the project, when chances for a successful completion are high and the staffing levels are low.

The Initiating processes is where approval is granted to undertake the project and the organization’s resources are authorized to begin work.

The Initiating processes acknowledge that the next project phase should begin. The stakeholders have the most influence over the product or service of the project during this process.

703.

Kaylee is a senior project manager for a fitness company that is developing a new franchise model. She has just led the team through various workshops to capture requirements. What activity is she likely to perform next?

Select one

Publish the requirements management plan

Define the scope of the project

Develop the work breakdown structure

Measure the completion of the requirements

Select one

Actions that restrict or dictate the actions of the project team

Factors expected to be in place or to be in evidence

An uncertain event or condition that, if it occurs, has a positive or negative effect on one or more of the project’s objectives

An immediate and temporary response to an issue

Select one

The need for planning

The likelihood of re-planning

The likelihood of change

The need for longer iterations

706.

Your project sponsor has asked you for a forecast of the likely cost to complete the work of the project. Which of the following statements is true?

Select one

You’ll use the ETC calculation, which is part of the forecasting tool and technique of the Control Costs process.

You’ll use the EAC calculation, which is part of the forecasting tool and technique of the Control Costs process.

You’ll use the ETC calculation, which is part of the EVM tool and technique of the Control Costs process.

You’ll use the EAC calculation, which is part of the EVM tool and technique of the Control Costs process.

707.

Quincy and Michael are two executives of Widgets for Life, a company providing the latest cool lifestyle gadgets. They have recently selected the next big project and have assigned you as the project manager. This activity is associated with what process group?

Select one

Initiating

Planning

Executing

Monitoring and Controlling

708.

Roshoud is the VP of customer operations for Galactic Kidz and project sponsor of the latest project, called Project G. He sits down with Sally, the project manager, to discuss and document roles and responsibilities. What Knowledge Area are they engaged in?

Select one

Project Integration Management

Project Procurement Management

Project Resource Management

Project Stakeholder Management

709.

A project manager has just facilitated the project change control process, which yielded 10 approved change requests. What process is he likely to perform next?

Select one

Direct and Manage Project Work

Perform Integrated Change Control

Manage Project Knowledge

Develop Project Management Plan

Select one

In the beginning of the project life cycle, costs are low, and few team members are assigned to the project.

Toward the end of the project, stakeholders have the greatest chance of influencing a project.

Risk is highest at the beginning of the project and gradually decreases over the project’s life cycle.

The potential of a project ending successfully is lowest at the beginning and increases as the project progresses through its life cycle.

767 New PMP Process Questions & Answers with explanation