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The three processes of Project Cost Management are:

A.

Estimate Costs, Control Schedule, and Control Costs.

B.

Estimate Costs, Determine Budget, and Estimate Activity Resources.

C.

Determine Budget, Control Schedule, and Estimate Activity Resources.

D.

Estimate Costs, Determine Budget, and Control Costs.

The group technique that enhances brainstorming with a voting process used to rank the most useful ideas for prioritization is called the:

A.

majority rule technique.

B.

nominal group technique.

C.

Delphi technique,

D.

idea/mind mapping technique.

Who determines which dependencies are mandatory during the Sequence Activities process?

A.

Project manager

B.

External stakeholders

C.

Internal stakeholders

D.

Project team

The cost benefit analysis tool is used for creating:

A.

Pareto charts.

B.

quality metrics.

C.

change requests,

D.

Ishikawa diagrams.

Which of the following can be used as an input for Define Scope?

A.

Product analysis

B.

Project charter

C.

Scope baseline

D.

Project scope statement

An input to the Estimate Activity Resources process is:

A.

Activity resource requirements.

B.

Published estimating data.

C.

Resource calendars.

D.

Resource breakdown structure (RBS).

The technique of subdividing project deliverables into smaller, more manageable components until the work and deliverables are defined to the work package level is called:

A.

a control chart.

B.

baseline.

C.

Create WBS.

D.

decomposition.

Activity cost estimates are quantitative assessments of the probable costs required to:

A.

Create WBS.

B.

complete project work.

C.

calculate costs.

D.

Develop Project Management Plan.

A project manager has created an issue log to document issues communicated by project team members during weekly team meetings. This is an input of:

A.

Manage Stakeholder Expectations.

B.

Monitor and Control Risks.

C.

Plan Risk Management.

D.

Report Performance.

What is project management?

A.

A logical grouping of project management inputs, outputs, tools, and techniques

B.

Applying knowledge, skills, tools, and techniques to project activities to meet the project requirements

C.

Launching a process that can result in the authorization of a new project

D.

A formal, approved document that defines how the project is executed, monitored, and controlled

What are the identified risks for doing excessive decomposition in a WBS?

A.

Insufficient project funding and disqualification of sellers

B.

Insufficient project funding and ineffective use of resources

C.

Disqualification of sellers and non-productive management efforts

D.

Non-productive management effort and inefficient use of resources

At the end of the project, what will be the value of SV?

A.

Positive

B.

Zero

C.

Negative

D.

Greater than one

The total of the planned value (PV) is also known as:

A.

work breakdown structure (WBS).

B.

schedule target.

C.

performance measurement baseline (PMB).

D.

earned value baseline.

Which of the following is an output of the Conduct Procurements process?

A.

Project statement of work

B.

Selected sellers

C.

Risk register updates

D.

Teaming agreements

The project budget is set at $150,000. The project duration is planned to be one year. At the completion of Week 16 of the project, the following information is collected: Actual cost = $50,000, Plan cost = $45,000, Earned value = $40,000. What is the cost performance index?

A.

0.8

B.

0.89

C.

1.13

D.

1.25

Fast tracking is a schedule compression technique used to shorten the project schedule without changing project scope. Which of the following can result from fast tracking?

A.

The risk of achieving the shortened project time is increased.

B.

The critical path will have positive total float.

C.

Contingency reserves are released for redeployment by the project manager.

D.

Duration buffers are added to maintain a focus on planned activity durations.

Which activity may occur at project or phase closure?

A.

Acceptance of deliverables

B.

Change requests

C.

Project management plan updates

D.

Benchmarking

In which type of contract are the performance targets established at the onset and the final contract price determined after completion of all work based on the sellers performance?

A.

Firm-Fixed-Price (FFP)

B.

Fixed Price with Economic Price Adjustments (FP-EPA)

C.

Fixed-Price-Incentive-Fee (FPIF)

D.

Cost Plus Fixed Fee (CPFF)

Which of the following is a tool and technique used to monitor risk?

A.

Technical performance measurement

B.

Cost performance baseline

C.

Benchmarking

D.

Cost of quality

Which risk response strategy is common for both positive and negative risks?

A.

Share

B.

Accept

C.

Mitigate

D.

Transfer

A project manager at a publishing company decides to initiate the editing phase of the project as soon as each chapter is written. Which type of Sequence Activities tool and technique is involved, considering that there was a start-to-start relationship with a 15-day delay?

A.

Slack

B.

Float

C.

Lag

D.

Lead

Resource calendars are included in the:

A.

staffing management plan.

B.

work breakdown structure (WBS).

C.

project communications plan.

D.

project charter.

The application of knowledge, skills, tools, and techniques to project activities to meet project requirements describes management of which of the following?

A.

Project

B.

Scope

C.

Contract

D.

Program

The initial development of a Project Scope Management plan uses which technique?

A.

Alternatives identification

B.

Scope decomposition

C.

Expert judgment

D.

Product analysis

Under which type of contract does the seller receive reimbursement for all allowable costs for performing contract work, as well as a fixed-fee payment calculated as a percentage of the initial estimated project costs?

A.

Cost Plus Fixed Fee Contract (CPFF)

B.

Cost Plus Incentive Fee Contract (CPIF)

C.

Firm Fixed Price Contract (FFP)

D.

Fixed Price with Economic Price Adjustment Contract (FP-EPA)

Requirements documentation, requirements management plan, and requirements traceability matrix are all outputs of which process?

A.

Control Scope

B.

Collect Requirements

C.

Create WBS

D.

Define Scope

Which of the following is a group decision-making technique?

A.

Brainstorming

B.

Focus groups

C.

Affinity diagram

D.

Plurality

Which process is responsible for monitoring the status of the project and product scope and managing changes to the scope baseline?

A.

Variance Analysis

B.

Define Scope

C.

Verify Scope

D.

Control Scope

Which of the following are three inputs to the risk register?

A.

Risk register updates, stakeholder register, and quality management plan

B.

Communication management plan, enterprise environmental factors, and activity duration estimates

C.

Risk management plan, activity cost estimates, and project documents

D.

Project scope statement, organizational process assets, and scope baseline

The completion of the project scope is measured against the:

A.

requirements documentation.

B.

project scope statement.

C.

project management plan.

D.

work performance measurements.

Which is one of the determining factors used to calculate CPI?

A.

EV

B.

SPI

C.

PV

D.

ETC

Which input will be used when tasked with developing the human resource plan?

A.

Project management plan

B.

Activity resource requirements

C.

Resource calendar

D.

Project staff assignments

During project selection, which factor is most important?

A.

Types of constraints

B.

Internal business needs

C.

Budget

D.

Schedule

How should a stakeholder who is classified as high power and low interest be grouped in a power/interest grid during stakeholder analysis?

A.

Keep satisfied

B.

Keep informed

C.

Manage closely

D.

Monitor

Projects are separated into phases or subprojects; these phases include:

A.

feasibility study, concept development, design, and prototype.

B.

initiate, plan, execute, and monitor.

C.

Develop Charter, Define Activities, Manage Stakeholder Expectations, and Report Performance.

D.

Identify Stakeholders, develop concept, build, and test.

Which of the following is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen?

A.

Sensitivity analysis

B.

Three-point estimate

C.

Modeling and simulation

D.

Expected monetary value analysis

Which of the following is a tool or technique used in the Acquire Project Team process?

A.

Networking

B.

Training

C.

Negotiation

D.

Issue log

Which index is the calculated projection of cost performance that must be achieved on the remaining work to meet a specified management goal?

A.

Estimate at completion

B.

Cost performance

C.

Schedule performance

D.

To-complete performance

The process for performing variance analysis may vary, depending on:

A.

scenario building, technology forecasting, and forecast by analogy.

B.

working relationships among various stakeholders and team members.

C.

application area, the standard used, and the industry,

D.

work to be completed next.

Which technique is utilized in the Control Schedule process?

A.

Performance measure

B.

Baseline schedule

C.

Schedule network analysis

D.

Variance analysis

Prototype development may be used as a tool for which of the following risk response strategies?

A.

Avoid

B.

Accept

C.

Mitigate

D.

Exploit