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NEW QUESTION # 149
Information collected on the status of project activities being performed to accomplish the project work is known as what?
- A. Project management information system
- B. Work performance information
- C. Variance analysis
- D. Work breakdown structure
Answer: B
NEW QUESTION # 150
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. Integrated change control.
- B. Project team building.
- C. A stakeholder management plan.
- D. Quality assurance.
Answer: A
NEW QUESTION # 151
Which of the following correctly explains the term "progressive elaboration'?
- A. Project specifications becoming more explicit and detailed as the project progresses
- B. Changing project specifications continuously
- C. Elaborate tracking of the project specifications with a change control system
- D. Elaborate tracking of the project progress
Answer: A
Explanation:
Section: Volume D
Explanation:
Progressive Elaboration. The iterative process of increasing the level of detail in a project management plan as greater amounts of information and more accurate estimates become available.
NEW QUESTION # 152
A complete set of concepts, terms, and activities that make up an area of specialization is known as:
- A. a Process Group
- B. a Knowledge Area
- C. portfolio management
- D. program management
Answer: B
Explanation:
Explanation/Reference:
Explanation:
3.9 Role of the Knowledge Areas
The 47 project management processes identified in the PMBOK® Guide are further grouped into ten separate Knowledge Areas. A Knowledge Area represents a complete set of concepts, terms, and activities that make up a professional field, project management field, or area of specialization. These ten Knowledge Areas are used on most projects most of the time. Project teams should utilize these ten Knowledge Areas and other Knowledge Areas, as appropriate, for their specific project. The Knowledge Areas are: Project Integration Management, Project Scope Management, Project Time Management, Project Cost Management, Project Quality Management, Project Human Resource Management, Project Communications Management, Project Risk Management, Project Procurement Management and Project Stakeholder Management. Each Knowledge Area within the PMBOK® Guide is contained in a separate section.
NEW QUESTION # 153
Calculate the Schedule Performance Index (SPI) based on the following information: earned value (EV) is 30 and planned value (PV) is 15.
- A. 0.5
- B. 0
- C. 2.0
- D. 1
Answer: C
NEW QUESTION # 154
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
Answer: B
NEW QUESTION # 155
A project is in the planning phase and ready for plan review and approval when a sponsor switch happens.
What should the next course of action be?
- A. Plan Communications Management
- B. Perform Qualitative Risk Analysis
- C. Plan Stakeholder Engagement
- D. Perform Integrated Change Control
Answer: C
NEW QUESTION # 156
Labor, materials, equipment, and supplies are examples of:
- A. Resource breakdown structures (RBS).
- B. Resource types.
- C. Resource attributes.
- D. Resource categories.
Answer: D
NEW QUESTION # 157
Cost variance (CV) is equal to earned value:
- A. Minus planned value [EV - PV].
- B. Minus actual cost [EV - AC].
- C. Divided by planned value [EV/PV].
- D. Divided by actual cost [EV/AC].
Answer: B
Explanation:
Explanation/Reference:
Explanation:
CV = EV - AC
CPI = EV / AC
SV = EV - PV
SPI = EV / PV
NEW QUESTION # 158
Which of the following tools and techniques is used to estimate cost?
- A. Activity cost estimate
- B. Variance analysis
- C. Budget forecast
- D. Three-point estimate
Answer: D
NEW QUESTION # 159
A project team has completed the sprint review and the users are impressed by the demo. However, another functionality included in the sprint that was not discussed in the review is not ready for production deployment.
What should the project team do?
- A. Wait to complete all user stories that are in development.
- B. Demo the incomplete feature at the sprint retrospective.
- C. Continue with sprints until the product backlog is empty.
- D. Deploy the functionality that was presented to the users.
Answer: D
NEW QUESTION # 160
The cost benefit analysis tool is used for creating:
- A. change requests,
- B. Pareto charts.
- C. quality metrics.
- D. Ishikawa diagrams.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
8.1.2.1 Cost-Benefit Analysis
The primary benefits of meeting quality requirements include less rework, higher productivity, lower costs, increased stakeholder satisfaction, and increased profitability. A cost-benefit analysis for each quality activity compares the cost of the quality step to the expected benefit.
8.1.3.3 Quality Metrics
A quality metric specifically describes a project or product attribute and how the control quality process will measure it. A measurement is an actual value. The tolerance defines the allowable variations to the metric. For example, if the quality objective is to stay within the approved budget by ± 10%, the specific quality metric is used to measure the cost of every deliverable and determine the percent variance from the approved budget for that deliverable. Quality metrics are used in the perform quality assurance and control quality processes. Some examples of quality metrics include on-time performance, cost control, defect frequency, failure rate, availability, reliability, and test coverage.
NEW QUESTION # 161
Which output is the approved version of the time-phased project budget?
- A. Cost baseline
- B. Resource calendar
- C. Trend analysis
- D. Scope baseline
Answer: A
NEW QUESTION # 162
Product requirements specify a functionality that depends upon expertise that is unavailable internally. What process should be implemented to generate a make-or-buy decision?
- A. Plan Risk Responses
- B. Plan Risk Management
- C. Conduct Procurements
- D. Plan Procurement Management
Answer: D
Explanation:
Section: Volume E
NEW QUESTION # 163
Which document in the project management plan can be updated in the Plan Procurement Management process?
- A. Budget estimates
- B. Requirements documentation
- C. Risk matrix
- D. Procurement documents
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Process: 12.1 Plan Procurement Management
Definition: The process of documenting project procurement decisions, specifying the approach, and identifying potential sellers.
Key Benefit: The key benefit of this process is that it determines whether to acquire outside support, and if so, what to acquire, how to acquire it, how much is needed, and when to acquire it.
Inputs
1. Project management plan
2. Requirements documentation
3. Risk register
4. Activity resource requirements
5. Project schedule
6. Activity cost estimates
7. Stakeholder register
8. Enterprise environmental factors
9. Organizational process assets
Tools & Techniques
1. Make-or-buy analysis
2. Expert judgment
3. Market research
4. Meetings
Outputs
1. Procurement management plan
2. Procurement statement of work
3. Procurement documents
4. Source selection criteria
5. Make-or-buy decisions
6. Change requests
7. Project documents updates
NEW QUESTION # 164
The following is a network diagram for a project.
What is the critical path for the project?
- A. A-B-D-G
- B. A-C-E-G
- C. A-B-E-G
- D. A-C-F-G
Answer: D
NEW QUESTION # 165
What type of risk is Variability risk?
- A. Non-event risk
- B. Ambiguity risk
- C. Integrated risk
- D. Emerging risk
Answer: C
Explanation:
Section: Volume E
NEW QUESTION # 166
Which of the following statements correctly characterizes pull communication?
- A. It includes letters, memos, reports, emails, and faxes.
- B. It requires recipients to access communication content at their own discretion.
- C. It is the most efficient way to ensure a common understanding among all participants.
- D. It is primarily used when the volume of information to be transferred is minimal.
Answer: B
Explanation:
Section: Volume C
NEW QUESTION # 167
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The PMI Certified Associate in Project Management (CAPM) certification demonstrates that a successful candidate possesses an in-depth understanding of the principles and terminology outlined in ‘A Guide to the Project Management Body of Knowledge’, which describes commonly recognized good practices in project management. To earn this certificate, the applicants need to meet some educational requirements and pass the corresponding exam.
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