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During which process of Project Cost Management does a project manager produce the cost baseline?

A.
Estimate Costs
A.
Estimate Costs
Answers
B.
Control Schedule
B.
Control Schedule
Answers
C.
Determine Budget
C.
Determine Budget
Answers
D.
Develop Project Charter
D.
Develop Project Charter
Answers
Suggested answer: C

Which are inputs for the Plan Quality Management process?

A.
Quality metrics, project documents, and financial performance
A.
Quality metrics, project documents, and financial performance
Answers
B.
Quality management plan, project documents, and quality metrics
B.
Quality management plan, project documents, and quality metrics
Answers
C.
Project management plan, project documents, and organizational process assets
C.
Project management plan, project documents, and organizational process assets
Answers
D.
Project management plan, quality metrics. and project documents
D.
Project management plan, quality metrics. and project documents
Answers
Suggested answer: C

When managing costs in an agile environment, what should a project manager consider?

A.
Lightweight estimation methods can be used as changes arise.
A.
Lightweight estimation methods can be used as changes arise.
Answers
B.
Agile environments make cost aggregation more difficult.
B.
Agile environments make cost aggregation more difficult.
Answers
C.
Agile environments make projects more costly and uncertain.
C.
Agile environments make projects more costly and uncertain.
Answers
D.
Detailed cost calculations benefit from frequent changes.
D.
Detailed cost calculations benefit from frequent changes.
Answers
Suggested answer: A

A sponsor asks a project manager to provide a project's expected total costs based on its progress.

What formula should the project manager use to determine this?

A.
Eamed value (EV) / actual cost (AC)
A.
Eamed value (EV) / actual cost (AC)
Answers
B.
Estimate at completion (EAC) - AC
B.
Estimate at completion (EAC) - AC
Answers
C.
Budget at completion (BAC) / cost performance index (CPI)
C.
Budget at completion (BAC) / cost performance index (CPI)
Answers
D.
EV - planned value (PV)
D.
EV - planned value (PV)
Answers
Suggested answer: B

Which of the following can a project manager use to represent dellned team member roles in a group of tasks?

A.
Work breakdown structure (WBS)
A.
Work breakdown structure (WBS)
Answers
B.
Responsibility assignment matrix (RAM)
B.
Responsibility assignment matrix (RAM)
Answers
C.
Organizational breakdown structure (OBS)
C.
Organizational breakdown structure (OBS)
Answers
D.
Resource breakdown structure (RBS)
D.
Resource breakdown structure (RBS)
Answers
Suggested answer: B

A project manager is working in an environment where requirements are not very clear and may change during the project. In addition, the project has several stakeholders and is technically complex.

Which strategies should the project manager take into account for risk management in this environment?

A.
Occasionally identify, evaluate, and classify risks.
A.
Occasionally identify, evaluate, and classify risks.
Answers
B.
Review requirements and cross-functional project teams.
B.
Review requirements and cross-functional project teams.
Answers
C.
Include contingency reserves and update the project management plan frequently.
C.
Include contingency reserves and update the project management plan frequently.
Answers
D.
Frequently review incremental work products and update the requirements for proper prioritization.
D.
Frequently review incremental work products and update the requirements for proper prioritization.
Answers
Suggested answer: D

Tailoring considerations for project scope management may include:

A.
requirements management, stability of requirements, development approach, and validation and control.
A.
requirements management, stability of requirements, development approach, and validation and control.
Answers
B.
WBS guidelines, requirements templates, deliverable acceptance forms, and verified deliverables.
B.
WBS guidelines, requirements templates, deliverable acceptance forms, and verified deliverables.
Answers
C.
business needs, product descriptions, project restrictions, and project management plan.
C.
business needs, product descriptions, project restrictions, and project management plan.
Answers
D.
issues defining and controlling what is included in the project, vended deliverables, and quality reports.
D.
issues defining and controlling what is included in the project, vended deliverables, and quality reports.
Answers
Suggested answer: A

A project manager is reviewing the change requests for project documents, deliverables, and the project plan. In which project management process does this review belong?

A.
Monitor and Control Project Work
A.
Monitor and Control Project Work
Answers
B.
Direct and Manage Project Work
B.
Direct and Manage Project Work
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C.
Close Project or Phase
C.
Close Project or Phase
Answers
D.
Perform Integrated Change Control
D.
Perform Integrated Change Control
Answers
Suggested answer: D

Which statement is related to the project manager's sphere of influence at the organizational level?

A.
A project manager interacts with other project managers to detect common interests and impacts between their projects.
A.
A project manager interacts with other project managers to detect common interests and impacts between their projects.
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B.
A project manager facilitates communication between the suppliers and contractors on the project.
B.
A project manager facilitates communication between the suppliers and contractors on the project.
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C.
A project manager considers the current industry trends and evaluates how they can impact or be applied to the project.
C.
A project manager considers the current industry trends and evaluates how they can impact or be applied to the project.
Answers
D.
A project manager may inform other professionals about the value of project management.
D.
A project manager may inform other professionals about the value of project management.
Answers
Suggested answer: A

The features and functions that characterize a result, product, or service can refer to:

A.
project scope
A.
project scope
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B.
product scope
B.
product scope
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C.
service scope
C.
service scope
Answers
D.
product breakdown structure
D.
product breakdown structure
Answers
Suggested answer: B
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