PMI PMP Practice Test - Questions Answers, Page 98

While preparing an earned value analysis (EVA) for a project sponsor, the project manager provides the following information in the latest project report:

Approved work package cost estimates: US$9,500

Contingency reserves: US$500

Management reserves: 10% of contingency reserves

Percent complete of the project: 50%

Planned percent of the project: 40%

Actual cost (AC) of the project: US$4,500

According to the project status, the current budget at completion (BAC) is considered achievable.

What value represents the cost performance required for the remaining work to keep the project cost goal within the baseline?

A project manager notices the team is disagreeing on the level of effort required to complete a task. What should the project manager do?

A project manager has been working on a critical project to transform an organization's operations. The project manager had successfully completed four sprints when the innovation director was replaced. The new director placed a hold on the project until a new strategy can be put in place.

What should the project manager do first?

A project manager works for an organization that intends to begin using agile delivery, but there is a lack of support from some business units. The project manager needs to address the lack of trust in agile.

What should the project manager recommend?

Five project team members are working on a software development project. As the time line for the project is very tight, the members are working overtime to keep the project on schedule.

Recently, two members submitted resignations.

What should the project manager do?

During a project kickoff meeting, the client indicates that the benefits of the project will become the most important revenue stream for the company. The client needs to find opportunities to deliver value to their company as soon as possible.

What should the project manager do?

A project manager forms a new virtual project team that will be leading the project subcontractors in various countries. The project manager notices that each of the team members comes from a different culture.

Which action should the project manager take to increase team cohesiveness?

A project in the execution phase is part of a large transformation program. The project manager for this project reports to a program manager and also heads the steering committee for this project. A steering committee meeting will be held in the following 2 weeks, during which the approach to measure the schedule performance of the project thus far will be presented.

What should the project manager do in preparation for this meeting?

A project manager is leading a multiyear project. Near the end of the first year, the project manager checks to see if the whole budget allocated for the year will be used. Some features utilizing this year's budget were added later in the year as change requests, but these features will not be ready by the end of the first year.

What should the project manager do?