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NEW QUESTION 254
The most common definition of project success is:
- A. Within time, cost and technical performance requirements
- B. Within time and cost
- C. Within time, cost, performance and accepted by the customer/user
- D. Within time
- E. None of the other alternatives apply
Answer: C
NEW QUESTION 255
The "Cost of quality" project management concept includes ____?
- A. The costs involved when changes are made to the requirements
- B. The costs of ensuring that requirements are conformed to.
- C. The costs incurred when requirements are exceeded.
- D. The costs involved with quality control requirements.
Answer: B
NEW QUESTION 256
A product is completed according to the project management plan, and team members are released to their functional areas. Upon receipt of the deliverables, a stakeholder realizes that the product cannot be accepted until a new set of requirements are included.
What should the project manager do next?
- A. Conduct the Perform Integrated Change Control process.
- B. Revise the stakeholder engagement plan.
- C. Update the scope management plan.
- D. Review the work breakdown structure (WBS) with the stakeholder.
Answer: D
Explanation:
Section: Monitoring and Controlling
NEW QUESTION 257
In plan stakeholder management, all organizational assets are used as inputs; however, which of the following are of particular importance?
- A. Lessons learned database and historical information
- B. Practices and habits and templates
- C. Organization's knowledge management system and policies and procedures
- D. Organization culture and the political climate
Answer: A
Explanation:
Section: Mix Questions
Explanation/Reference:
Explanation:
While it is rare that all organizational process assets are used in any process, these are of particular importance as they provide insight on previous stakeholder management plans and their effectiveness.
They can be used to plan stakeholder management activities for the current project.
NEW QUESTION 258
You're the project manager on a software project that is planning out various approaches to technical work. There's a 20% chance that a component you are going to license will be dif cult to integrate and cost $3000 in rework and delays. There's also a 40% chance that the component will save $10,000 in time and effort that would have been used to build the component from scratch. What's the EMV for these two possibilities?
- A. $13,000
- B. - $600
- C. $3,400
- D. $7,000
Answer: C
Explanation:
The expected monetary value (or EMV) of the problems integrating the component is the probability (20%) times the cost ($3,000), but don't forget that since it's a risk, that number should be negative. So its EMV is 20% x $3,000 = -$600. The savings from not having to build the component from scratch is an opportunity. It has an EMV of 40% x $10,000 = $4,000. Add them up and you get -$600 + $4,000 = $3,400.
NEW QUESTION 259
Understanding cultural key similarities and differences is especially important for...151
- A. ...project sub-teams and work cells.
- B. ...globally dispersed, cross-cultural and virtual teams.
- C. ...teams under high budget and schedule pressure.
- D. ...culturallyhomogeneous, co-located teams.
Answer: B
NEW QUESTION 260
Overlooking negative stakeholders can result in a/an:
- A. increased likelihood of project success.
- B. increased likelihood of project failure.
- C. decreased likelihood of the projects progress being impeded.
- D. decreased likelihood of conflicting interests between stakeholders.
Answer: B
Explanation:
Section: Executing
NEW QUESTION 261
A project manager joins a project near the end of its planning phase The project manager learns that two new stakeholders were recently added.
What should the project manager do to ensure that the new stakeholders are fully engaged?
- A. Provide the archived project documentation to the new stakeholders and ensure they attend project meetings
- B. Meet with the new stakeholders individually and as a group to gather feedback and update the requirements
- C. Inform existing stakeholders that requirements must be updated to include those of the new stakeholders
- D. Update the project management plan to accommodate the new stakeholders' requirements
Answer: A
NEW QUESTION 262
Which quality management tool would be used to determine potential causes of a production problem?
- A. Ishikawa diagram.
- B. run chart.
- C. scatter diagram.
- D. histogram.
- E. control chart.
Answer: A
NEW QUESTION 263
At the end of project execution, a project manager has retained some team members. What should the team be primarily focused on doing at this point?
- A. Operating the newly completed facilities until the owners are fully competent
- B. Assisting with clean up, site restoration, commissioning, and personnel training
- C. Providing support as part of the warranty period associated with the handover
- D. Supporting administrative project closure procedures as per company policies
Answer: C
Explanation:
Section: Executing
Explanation/Reference:
NEW QUESTION 264
Changes to formally controlled documentation, plans, etc. to reflect modified or additional ideas or content are known as:
- A. preventive actions.
- B. updates.
- C. corrective actions.
- D. defect repairs.
Answer: B
Explanation:
Section: Planning
NEW QUESTION 265
Which of the following is contained within the communications management plan?
- A. Organizational process assets
- B. Enterprise environmental factors
- C. Glossary of common terminology
- D. An organizational chart
Answer: C
NEW QUESTION 266
While implementing your project, a team member brings to your notice, a risk that was not mentioned in the Risk Response Plan. In this case, you should:
- A. Inform the project sponsor
- B. Accept the risk
- C. Perform Additional Risk Response Planning to control the risk
- D. Use project contingency
Answer: C
NEW QUESTION 267
Which of the following describes Fast Tracking?
- A. Getting people to work longer hours in overtime.
- B. Developing workarounds for previous problems.
- C. Circumventing loopholes.
- D. Increased project risk.
- E. Meeting schedule objectives by adding resources.
Answer: D
NEW QUESTION 268
The Cost Performance Index (CPI) measures
- A. variable costs
- B. performance over a period of time
- C. total costs
- D. costs at a point of time
- E. All of the other alternatives apply.
Answer: D
NEW QUESTION 269
During project execution, the marketing manager stales that they do not know the timeframe for the product launch A review of the communications management plan shows that the marketing department was not included as a concerned parry What should the project manager have done to prevent this?
- A. Conducted a stakeholder analysis
- B. Reviewed the communications management plan
- C. Examined the resource management plan
- D. Evaluated the organizational policy
Answer: A
NEW QUESTION 270
In what knowledge area does Activity Resource Estimating occur?
- A. Scope
- B. Human Resource
- C. Procurement
- D. Time
Answer: D
NEW QUESTION 271
What should project managers focus on when they perform the Executing process group?
- A. Avoid third-party influence.
- B. Coordinating people and resources.
- C. Ensuring accountability for errors.
- D. Doing project work.
Answer: B
NEW QUESTION 272
You have been directed to establish a change control system for your company, but must convince your colleagues to use it. To be effective, the change control system must include______________.
- A. A description of the functional and physical characteristics of an item or system
- B. Performance reports that forecast project changes
- C. Procedures that define how project documents may be changed
- D. Specific change requests expected on the project and plans to respond to each one
Answer: C
Explanation:
Section: Mix Questions
Explanation:
A change control system is a collection of formal, documented procedures that define the process used to control change and approve or reject changes to project documents, deliverables, or baselines. It includes the paperwork, tracking systems, and approval levels necessary to authorize changes.
NEW QUESTION 273
A project manager conducts an inquiry into the increase of scrapped material over the past quarter. The project manager assembles a team and proposes a project business case to overhaul the system.
What should the project manage use to justify and establish boundaries for validating the viability of this project?
- A. Benchmarking
- B. Questionnaires and surveys
- C. Cost of quality (COQ) method
- D. Cost-benefit analysis
Answer: D
Explanation:
Section: Executing
NEW QUESTION 274
The operations director complains to the CEO about the outcome of a project's first sprint The operations department will not be able to support a new product due to poor performance indicators The project team facilitator asks for feedback from the project team and is informed that performance information is available in the application server log How should this complaint be addressed?
- A. Invite a member of the operations team to be part of the validation and sprint meetings
- B. Add the complaint to the product backlog to be addressed in the next sprint
- C. Request that the issue be included in the next board of directors meeting to explain all of the needs
- D. Ask the operations director to define the acceptance criteria to make clear the delivery is correct
Answer: A
NEW QUESTION 275
A project scope was developed with numerous assumptions. During the execution phase, the assumptions changed, which has jeopardized the planned business value of the project.
% What should the project manager do next?
- A. Inform the client that the project cannot meet the project timeline and additional costs will be incurred.
- B. Update the assumptions log and change log, and implement the change control process.
- C. Report on the changed assumptions to the project sponsor and seek support to prioritize the change requests.
- D. Deliver what was planned in the project management document according to the specifications.
Answer: C
NEW QUESTION 276
A project manager creates a risk management plan and obtains project sponsor approval. One new risk was identified. What should the project manager do first?
- A. Prioritize the project risks
- B. Plan a risk response
- C. Perform a quantitative risk analysis
- D. Perform a qualitative risk analysis
Answer: D
NEW QUESTION 277
Which of the following establishes the procedure to perform product verification, update contract records to reflect final results and archive information for future use?
- A. Project files
- B. Formal acceptance documentation
- C. Contract closure procedure
- D. Administrative closure procedure
Answer: C
NEW QUESTION 278
During the execution of a project with a limited budget, some of the team members suggest saving money by skipping quality management. What should the project manager do?
- A. Educate the team on the importance of quality management.
- B. Ask the sponsor to increase the budget.
- C. Accept the team's suggestion due to the limited budget.
- D. Ask the stakeholder to change the quality standards.
Answer: A
Explanation:
Section: Executing
NEW QUESTION 279
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