You are managing a fund raising golf tournament that has a hole-in-one contest. However, your company can’t afford to pay the $1,000,000 award if someone does get a hole in one, so they have elected to take out an insurance policy in the event that someone does get lucky. This is an example of? A.
PMP Exam Set C – Q41 ( PMBOK 6th edition )
In an underground highway construction project, the project stakeholders have suggested many changes to the project scope. As you have already defined the cost baseline in your project, you would like to revisit the baseline to see how these changes impact the overall cost of the project. So, you have started an impact analysis to
PMP Exam Set C – Q40
Peter’s project is in execution. Peter has a monthly stakeholder update meeting set up where he presents the project’s progress and current issues to the key stakeholders. During the last stakeholder update meeting, the stakeholders requested Peter to provide bi-weekly project updates instead of monthly updates. The communication management plan has been broadly framed and
PMP Exam Set C – Q39
You have been assigned as the project manager for a software development project. You are currently communicating with stakeholders and addressing their issues and expectations. Which of the following documents help carrying out this effort? A. The Issue log, Project charter, and Configuration management systemB. The stakeholder management plan, communications management plan, and the change
PMP Exam Set C – Q38
During the Conduct Procurements process, the procuring organization found that there were significant differences in the pricing by different sellers. What is the best course of action in such a scenario? A. Award the project to a supplier who is already on the procuring organization’s preferred supplier list.B. Cancel the procurement activity.C. Investigate whether the
PMP Exam Set C – Q37
Emily has recently taken over a project as the project manager. The project is early in the executing phase. Although, the project scope statement was signed off by all key stakeholders, Emily finds out that some of the key stakeholders do not fully understand the project scope. Stakeholders’ continuous support is very critical for the
PMP Exam Set C – Q36
A project uses rounding of activity estimates data to the nearest $100, uses staff hours as the unit of measure for resources, and has a variance threshold of 10% deviation from the baseline plan. These would be typically documented in the: A. Cost management planB. Scope StatementC. WBSD. Project charter Show Answer A. Cost management
PMP Exam Set C – Q35
You are a Project Manager for a company that has a composite organization structure. The current project you are managing is coming to an end. There are a number of activities that need to be completed including releasing project resources. All of the following statements are examples or true statements related to releasing project resources
PMP Exam Set C – Q34
A project team is trying to solve a moderately complex problem. The have generated data using affinity diagrams. That data possess intertwined logical relationships. Which of the following tool can help the team analyze these intertwined relationships? A. Interrelationship digraphB. Fishbone diagramC. HistogramD. Tree diagram Show Answer A. Interrelationship digraph
PMP Exam Set C – Q33
You are working as a project manager for a wind-powered vehicle manufacturing project, which is in its planning phase. You carefully gathered all your requirements from your key stakeholders and prepared a system requirements specification and project requirements specification documents. While presenting your documents to the project team, a project team member who is very