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| Question | Answer |
| 151. Project managers are identified here. | In the project charter. |
| 152. Project completion meets or exceeds the expectations of this group. | Stakeholders. |
| 153. Which type of contracts poses the most risk to the buyer? | Cost reimbursable |
| 154. Name the purpose of the Perform Quality Assurance process | To perform quality activities and quality audits to determine which process should be used to achieve project requirements. |
| 155. Name the purpose of the Manage Stakeholders Expectations process. | To satisfy the needs of the stakeholders by managing communications with them, resolving issues, and improving project performance by implementing changes. |
| 156. Plus or minus one standard deviation gives you this probability | 68.26 percent |
| 157. Name the technique that smoothes our over – and under allocated resources. | Resource leveling. |
| 158. What is the formula for calculating the lines of communication? | The number of lines of communication = n(n-1)/2. The n refers to the number of participants. |
| 159. Staying abreast of new management, industry, and technical trends is known as this. | Applying professional knowledge. |
| 160. Which two Knowledge Areas have processes in the Closing process group? | Project Integration Management and Project Procurement Management. |
| 161. What is the estimating tool that considers schedule risk, and which process is used in? | Reserve analysis, which is in the Estimate Activity Duration process. |
| 162. This estimating technique rolls-up estimates for a total | Bottom-up |
| 163. These describes the specification of the deliverables | Requirements. |
| 164. What is the purpose of the WBS? | To define the total scope of work for the project in a deliverable-oriented hierarchical format. |
| 165. This is another name for the PDM. | Activity on a node (AON) |
| 166. Name the benefits of meeting quality requirements. | Increased stakeholder satisfaction, lower costs, higher productivity, and lees rework. |
| 167. Decomposition improves the accuracy of these activities. | Cost and schedule estimates |
| 168. Availability of a key product is an example of what? | Assumptions. |
| 169. Results that fall within an acceptable range are known as this | Tolerable results or results that are in control |
| 170. Schedule revisions and impacts to the perform measurement baselines occurs as a result of this. | Scope change |
| 171. What tools and techniques are included in “additional quality planning tools and techniques”? | Brainstorming, affinity diagrams, force fields analysis, Nominal Group Technique, matrix diagrams, and prioritization matrices |
| 172. What are the types of measurement methods? | Cost-benefit, scoring models, and benefit contributions methods that include various cash flow techniques and economic models. |
| 173. Describe critical path | The critical path is always the longest path through the project. It’s made up of activities with zero float. |
| 174. What is another name for a mandatory dependency? | Hard logic |
| 175. Project managers have ultimate authority and power in this type of organizational structure. | Projectized |
| 176. NPV assumes the reinvestment at this rate | Cost of capital |
| 177. This process measures project performance against the project plan. | Monitoring and Controlling |
| 178. Describe the purpose of the project scope statement. | It’s a common understanding of project scope and serves as a baseline for future project decisions. |
| 179. Define a critical path task | Any task with zero float. |
| 180. This establishes the criteria for planning, structuring, estimating, budgeting, and controlling project costs. | Cost management plan |
| 181. Describe the purpose of the risk management plan | It describes how you will define, monitor, and control risks throughout the project and is a subsidiary of the project management plan. |
| 182. The lowest level of the RBS can be used for this. | As a checklist analysis, which is a tool and technique of the Risk Identification process |
| 183. Which type of contract poses the most amount of risk to the seller? | Fixed price |
| 184. Cost baselines might need to be rebaselined as a result of this | Budget updates |
| 185. What is the formula for calculation EAC when cost performance is negative and schedule dates must be met? | EAC = AC + [(BAC - EV) / (cumulative CPI * cumulative SPI)] |
| 186. Many other cultures focus on this first before getting down business | Building a personal relationship |
| 187. Name the Close Project inputs | Project management plan, accepted deliverables, and organizational process assets. |
| 188. Which Procurement processes should be completed when you’re procuring products or services from within and organization. | Only Plan Procurements needs to be performed when you’re procuring goods or services from within an organization. |
| 189. What is the most difficult aspect of the Direct and Manage Executions process? | Coordinating an integrating all the project elements. |
| 190. What is the highest level of need according to Maslow? | Self-actualization. |
| 191. What technique compares the value of future cash flows to today’s dollars? | Discount cash flows technique |
| 192. Define the major elements of a project scope statement | Product scope description, product acceptance criteria, deliverables, exclusions, constraints, and assumptions. |
| 193. Describe fast tracking. | Beginning two activities at the same time that were previously schedule to start sequentially. |
| 194. Project managers share authority and power with functional managers in this type of organization. | Matrix |
| 195. Schedule revisions and impacts to the performance measurement baselines occur as a result of this. | Scope change |
| 196. Cause-and-effect diagrams, control charts, flowcharting , histograms, Pareto charts, run charts, scatter diagrams, statistical sampling, inspection, and approved change requests are tools and techniques of which process? | Perform Quality Control |
| 197. Cost baselines may need to be rebaselined as a result of these | Budget updates |
| 198. Poor scope definitions can cause this | Higher project costs, rework, schedule changes, and low morale. |
| 199. These limit, or restrict, the activities of the project team. | Constraints |
| 200. What is another name for analogous estimating? | Top-down estimating. |
| 201. Describe RBS and where it’s used. | RBS is a risk breakdown structure and is a way to categorize risks. It’s an element of the risk management plan |
| 202. Obtaining bids and proposals, selecting a vendor and awarding a contract are the primary purposes of this process. | Conduct Procurements |
| 203. Name the purpose of a change control system | This describes how to submit changes requests and how they’re managed, tracks status, and describes management impacts of the change. They are a subset of the configuration management system |
| 204. Changes to project scope should always be reflected in this. | Product scope |
| 205. What you must abide by when working in foreign countries. | Laws, rules, and regulations of the country. |
| 206. What is the best way to ensure that cultural or ethical differences do not hinder your project? | Provide training to project team members |
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