Variance Analysis is an important tool used in the Control Costs Process. Which of the following statements regarding variances is correct? A. The percentage range of acceptable variances will tend to increase as more work is accomplishedB. The percentage range of acceptable variances will tend to decrease as more work is accomplishedC. The percentage range
PMP Exam Set D – Q61
A first-time project manager created a Work Breakdown Structure (WBS) where the deliverables had different levels of decomposition. What would your comment on this be? A. This is incorrect. All deliverables need to have the same level of decomposition.B. This is incorrect. Only deliverables under different branches can have different levels of decomposition.C. This is
PMP Exam Set D – Q60
Changes in the projects are inevitable. So, project managers must develop or use a system to manage and control changes. There are four types of changes that need to be controlled in a project. Project changes, deliverable changes, process changes, and baseline changes. The impact of each of these changes must be evaluated and approved
PMP Exam Set D – Q59
Your company has been awarded a very large software project by a government agency. This project has an early completion incentive, and your company has a policy of paying a bonus to the project manager if such an incentive is awarded. However, this particular government agency has a reputation for being very difficult to work
PMP Exam Set D – Q58
You are managing a project which requires an environmental permit to do work. The approval is in the final stages of being granted when a confidential, reliable report is brought to your notice which indicates that there is a high risk of an environmental hazard due to the project. Your manager tells you that it
PMP Exam Set D – Q57
The senior analyst on a project came up with Activity Duration Estimates as follows: Activity A: 10 days + a lag of 2 days; Activity B: 1 week + a lead of 3 days. The project manager who reviewed this, came up with some objections to these estimates. What would they most likely be? A.
PMP Exam Set D – Q56
You have been identified as the project manager for constructing a large shopping mall in your city. Which of the following are not necessarily stakeholders in your project? A. The suppliers of the projectB. The tenants of the shopping mallC. A senior project manager in your organization who just completed a similar project.D. The chief
PMP Exam Set D – Q55
Which tool is BEST used to display how a company structures itself departmentally? A. WBSB. BOMC. OBSD. RBS Show Answer C. OBS
PMP Exam Set D – Q54
A project manager scheduled a review at the end of a phase, with the objective of obtaining authorization to close the current project phase and initiate the next phase. Which of the following is an incorrect way of describing this review? A. Phase gateB. Phase planningC. Kill pointD. Stage gate Show Answer B. Phase planning
PMP Exam Set D – Q53
What is the difference between a histogram and a Pareto chart? A. A histogram is a less accurate version of a Pareto chart.B. A histogram is a type of Pareto chart.C. A Pareto chart is a type of histogram.D. A histogram and a Pareto chart simply different terms for the same technique. Show Answer C.