When a negative unidentified risk occurs in a project, a response to it would be called:
A. Disaster recovery
B. Failure planning
C. A workaround
D. Backup planning
PMP Exam Set B – Q50
It was found that there were a large number of hidden requirements to be uncovered in the Collect Requirements phase. Which of the following tools should a project manager use to identify them?
A. Participant observer
B. Questionnaires
C. Surveys
D. Interviewing
PMP Exam Set B – Q49
A project manager is confused about the perspective of the buyer-seller relationship in the context of project procurement management. How would your clarify this?
A. The buyer-seller relationship exists only between organizations external to the acquiring organization.
B. The buyer-seller relationship exists only between organizations internal to the acquiring organization.
C. The buyer-seller relationship is applicable only when a performing organization is involved.
D. The buyer-seller relationship can exist at many levels on one project, and between organizations internal to and external to the acquiring organization.
PMP Exam Set B – Q48
The Actual Cost (AC) is the total cost actually incurred and recorded in accomplishing work performed for an activity or work breakdown structure component. What is the upper limit for the AC?
A. 50% over and above the Planned Value (PV)
B. The Actual Cost (AC) is limited to the Planned Value (PV).
C. 100% over and above the Planned Value (PV)
D. There is no upper limit for the Actual Cost (AC).
PMP Exam Set B – Q47
As part of the procurement process, the procuring organization elected to have an estimate of costs prepared by an outside professional estimator. The estimator came up with an estimate of $ 500,000. However, the cost estimates prepared by prospective sellers were in the range of $ 200,000. How can this be best interpreted?
A. The procurement statement of work was deficient and ambiguous.
B. The professional estimator has inflated the estimate of costs.
C. The prospective sellers do not have the required skills to do the project.
D. Prospective sellers are trying to underbid and win the project.
PMP Exam Set B – Q46
A change request has just been formally documented and approved by the Change Control Board. The project manager now needs to communicate this to a project team member. Which of the following activities must the project manager necessarily do?
A. Telephone the team member and inform him/her about the changes.
B. Plan for a meeting over lunch and detail the changes.
C. Issue a formal communication document informing the team member about the changes.
D. Write an informal memo communicating the changes
PMP Exam Set B – Q45
The change requests created as an output of the Monitor and Control Project Work process may be attributed to all of the following except:
A. Preventive Action
B. Defect Repair
C. Project status update
D. Corrective Action
PMP Exam Set B – Q44
If you want to compress a project schedule, what are two of the recommended alternatives to consider?
A. Fast Tracking and Schedule Network Analysis
B. Crashing and Fast Tracking
C. Resource Leveling and What-If Scenario Analysis
D. Crashing and Schedule Network Analysis
PMP Exam Set B – Q43
Andrew is managing a construction project. He is using his communication, interpersonal and management skills to keep the key project stakeholders engaged with the project. Which of the following activities is not related to the Manage Stakeholder Engagement process?
A. Addressing and resolving issues
B. Adjusting the stakeholder management strategy
C. Confirming the stakeholders’ continued commitment
D. Negotiating and communicating with the stakeholders
PMP Exam Set B – Q42
The Direct and Manage Project Work process has three tools and techniques. Two of them are Expert Judgment and Meetings. What is the third one?
A. Scheduling System
B. Configuration Management System
C. Project Management Information System
D. Change Control System