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NEW QUESTION # 402
Which of the following reduces the probability of potential consequences of project risk events?
- A. Defect repair
- B. Corrective action
- C. Preventive action
- D. Risk management
Answer: C
NEW QUESTION # 403
Which input to the Plan Risk Management process provides information on high-level risks?
- A. Enterprise environmental factors
- B. Stakeholder register
- C. Organizational process assets
- D. Project charter
Answer: D
NEW QUESTION # 404
On what is project baseline development established?
- A. Approved product requirements
- B. Estimated project cost and schedule
- C. Revised project cost and schedule
- D. Actual project cost and schedule
Answer: B
Explanation:
Explanation/Reference:
Explanation:
6.6.3.1 Schedule Baseline
A schedule baseline is the approved version of a schedule model that can be changed only through formal change control procedures and is used as a basis for comparison to actual results. It is accepted and approved by the appropriate stakeholders as the schedule baseline with baseline start dates and baseline finish dates. During monitoring and controlling, the approved baseline dates are compared to the actual start and finish dates to determine whether variances have occurred. The schedule baseline is a component of the project management plan.
7.3.3.1 Cost Baseline
The cost baseline is the approved version of the time-phased project budget, excluding any management reserves, which can only be changed through formal change control procedures and is used as a basis for comparison to actual results. It is developed as a summation of the approved budgets for the different schedule activities.
4.2.3.1 Project Management Plan
The project management plan is the document that describes how the project will be executed, monitored, and controlled. It integrates and consolidates all of the subsidiary plans and baselines from the planning processes.
Project baselines include, but are not limited to:
Scope baseline (Section 5.4.3.1),
Schedule baseline (Section 6.6.3.1), and
Cost baseline (Section 7.3.3.1).
NEW QUESTION # 405
What is the minimum a project schedule must include?
- A. A critical path diagram
- B. A planned start date and a planned finish date for each schedule activity
- C. Variance analysis
- D. Critical chain analysis
Answer: B
NEW QUESTION # 406
A project team member agrees to change a project deliverable after a conversation with an external stakeholder. It is later discovered that the change has had an adverse effect on another deliverable. This could have been avoided if the project team had implemented:
- A. Project team building.
- B. Integrated change control.
- C. A stakeholder management plan.
- D. Quality assurance.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Process: 4.5 Perform Integrated Change Control
Perform Integrated Change Control is the process of reviewing all change requests; approving changes and managing changes to deliverables, organizational process assets, project documents, and the project management plan; and communicating their disposition. It reviews all requests for changes or modifications to project documents, deliverables, baselines, or the project management plan and approves or rejects the changes.
Key Benefit: The key benefit of this process is that it allows for documented changes within the project to be considered in an integrated fashion while reducing project risk, which often arises from changes made without consideration to the overall project objectives or plans.
Inputs
1. Project management plan
2. Work performance reports
3. Change requests
4. Enterprise environmental factors
5. Organizational process assets
Tools & Techniques
1. Expert judgment
2. Meetings
3. Change control tools
Outputs
1. Approved change requests
2. Change log
3. Project management plan updates
4. Project documents updates
NEW QUESTION # 407
A new project has been set. Four main stakeholders besides the project manager and four other team members have been identified.
How many communication channels are available?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
Explanation:
Section: Volume E
Explanation/Reference: https://www.izenbridge.com/blog/how-to-calculate-communication-channels/
NEW QUESTION # 408
Which of the following factors is lowest at the start of the project?
- A. Uncertainty
- B. Cost of changes
- C. Risk
- D. Stakeholder influences
Answer: B
Explanation:
Section: Volume D
NEW QUESTION # 409
Which quality tool incorporates the upper and lower specification limits allowed within an agreement?
- A. Checksheet
- B. Control chart
- C. Flowchart
- D. Pareto diagram
Answer: B
Explanation:
Section: Volume B
Explanation/Reference:
NEW QUESTION # 410
How can a project manager determine if the project activities comply with organizational and project policies, processes, and procedures?
- A. Look at the quality metrics
- B. Conduct a quality audit
- C. Review the quality checklist
- D. Validate the scope
Answer: A
Explanation:
Section: Volume E
NEW QUESTION # 411
Market conditions and published commercial information are examples of which input to the Estimate Costs process?
- A. Organizational process assets
- B. Risk register
- C. Enterprise environmental factors
- D. Scope baseline
Answer: C
Explanation:
Section: Volume A
Explanation:
7.2.1.6 Enterprise Environmental Factors
Described in Section 2.1.5. The enterprise environmental factors that influence the Estimate Costs process include, but are not limited to:
Market conditions. These conditions describe what products, services, and results are available in the
market, from whom, and under what terms and conditions. Regional and/or global supply and demand conditions greatly influence resource costs.
Published commercial information. Resource cost rate information is often available from commercial
databases that track skills and human resource costs, and provide standard costs for material and equipment.
Published seller price lists are another source of information.
Process: 7.2 Estimate Costs
Definition: The process of developing an approximation of the monetary resources needed to complete project activities.
Key Benefit: The key benefit of this process is that it determines the amount of cost required to complete project work.
Inputs
1. Cost management plan
2. Human resource management plan
3. Scope baseline
4. Project schedule
5. Risk register
6. Enterprise environmental factors
7. Organizational process assets
Tools & Techniques
1. Expert judgment
2. Analogous estimating
3. Parametric estimating
4. Bottom-up estimating
5. Three-point estimating
6. Reserve analysis
7. Cost of quality
8. Project management software
9. Vendor bid analysis
10.Group decision-making techniques
Outputs
1. Activity cost estimates
2. Basis of estimates
3. Project documents updates
NEW QUESTION # 412
When painting a bedroom, preparing the walls can be done while the paint is being chosen. This is an example of a:
- A. internal dependency
- B. lag
- C. lead
- D. mandatory dependency
Answer: C
NEW QUESTION # 413
Which of the following technology platforms is most effective for sharing information when managing virtual project teams?
- A. Shared portal
- B. Email/chat
- C. Audio conferencing
- D. Video conferencing
Answer: B
NEW QUESTION # 414
Outputs of the Control Communications process include:
- A. project management plan updates and an issue log.
- B. organizational process asset updates and an issue log.
- C. work performance information and change requests.
- D. expert judgment and change requests.
Answer: C
Explanation:
Section: Volume B
Explanation:
4.4.1.5 Work Performance Information
Work performance information is the performance data collected from various controlling processes, analyzed in context, and integrated based on relationships across areas. Thus work performance data has been transformed into work performance information. Data in itself cannot be used in the decision-making process as it has only out-of-context meaning. Work performance information, however, is correlated and contextualized, and provides a sound foundation for project decisions.
Work performance information is circulated through communication processes. Examples of performance information are status of deliverables, implementation status for change requests, and forecasted estimates to complete.
9.4.1.4 Issue Log
Issues arise in the course of managing the project team. An issue log can be used to document and monitor who is responsible for resolving specific issues by a target date.
NEW QUESTION # 415
Which Process Group contains the processes performed to complete the work defined in the project management plan to satisfy the project specifications?
- A. Executing
- B. Closing
- C. Initiating
- D. Planning
Answer: A
NEW QUESTION # 416
What process is included in Project Schedule Management?
- A. Estimate Activity Durations
- B. Direct and Manage Project Work
- C. Create Work Breakdown Structure (WBS)
- D. Estimate Activity Resources
Answer: A
NEW QUESTION # 417
Processes in the Planning Process Group are typically carried out during which part of the project life cycle?
- A. Once during each phase
- B. Only once, at the beginning
- C. Repeatedly
- D. At the beginning and the end
Answer: C
NEW QUESTION # 418
A project in which the scope, time, and cost of delivery are determined as early as possible is following a life cycle that is:
- A. Adaptive
- B. Predictive
- C. Iterative
- D. Incremental
Answer: B
NEW QUESTION # 419
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