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project managers

Pmp Exam: Quick Reference Guide -Fast Track. 300 Questions With Detalied Answer 1st Edition Coll - Solutions

Eugene is the key stakeholder as well as the project manager in the project. She is working on some of processes available in project stakeholder management. Currently she is working on a classification model in stakeholder analysis based on the power, urgency and their involvement in the project.
Debra is working for a leading insurance company in USA. The company is handles new projects for every quarter. Debra is directly reporting to the financial director of the company. In one of the projects Debra is handling has the information EV = $130500, PV = 125500, AC =129000, which of the
Randall is the project manager of Excel Technologies Inc. He is involved in all the project risk management processes. He is working on developing strategies for threats as well as opportunities. One of the given options is not a valid strategy to deal with the threats in the project. Identify the
Gilbert is working on a stakeholder management project. He is working on developing a matrix that denotes the current engagement level and desired engagement level. The current engagement level by stakeholders is shown as “C” and the desired engagement levels are shown as“D”. This matrix is
Daniel is working on the data representation techniques for FirstCorp Inc. Daniel is working on all the processes in project stakeholder management. Some of the Classification models used in stakeholder analysis are?A. Power/interest grid, power/influence grid or influence/impact grid.B.
Lori is the key stakeholder as well as the project manager in the project. She reports to Lawrence. She is working on one of the data representation technique called stakeholder engagement assessment matrix. Stakeholder engagement assessment matrix compares the current engagement levels of
Discount Inc. is the market leader in coupon industry. Justin is working on a project which has multiple iterations. He is involved in the processes required to identify people that could be impacted by the project. He is also involved in developing the strategies for managing those affected by the
Helen is the project manager in a company that is manufacturing storage tanks. She is working on the earned monetary value in the current project that she is working on. She is reporting to Bruce who is the PMO for the group of projects. Bruce asked Helen to calculate the project EMV for the
Project stakeholder management includes the processes of identifying the people and groups impacted by the project. Processes help to find the right stakeholders and develop approaches to involve them based on their needs. Natalie is working on the project as a project manager. She is working on
Madison is working as a lead in the procurement department for the organization involved in construction. She is involved in the procurement management process which involves the verification of the product and work for compliance purpose. After which she will finalize the open claims, update
Bid documents are used to select proposals from the seller. Depending on the service, the bid documents can include request for quotation, request for proposal or other procurement related documents. Gloria is the project manager working on bids with the sellers. She is working on the document to
This category of contract involves payments to the seller for all actual costs on the completed work plus a profit. It is used when the scope of work is expected to change significantly during the execution of the contract. In this type of contract, the seller is reimbursed with all the costs, but
Good Health LLC is a drug manufacturing company and it has many divisions around the world. Smith works in the procurement division. They are working on a unique contract with the vendors. He represents the buyer. For this contract, the buyer won’t have the expertise to evaluate the price quoted
Price redefined Inc. is the leading credit card company. Jennifer works in the procurement department and she directly reports to the CFO of the company. She is involved in all the procurement management related processes in the organization. She is currently involved in a contract, in this type of
Procurements process involves obtaining the seller responses for a project, and from the list selecting a seller. The selected seller is awarded the contract. During this process, the project team will receive proposals from the sellers, and based on the predefined criteria the sellers are selected
Alan is the project manager in a project which develops software for drones. He was involved in all the processes in procurement management. In the current project he is involved in closing the contract. After closing the contract normally he went through it again to find out what happened to the
Tom is the project manager in the project and he is involved in the procurement related work. He is involved in analyzing the qualified seller list and creating source selection criteria.Which procurement management process Tom is involved in?A. Plan procurement management, conduct procurement.B.
Ruth is working on procurement management process. She was involved in plan procurement management. She is working on the cost-reimbursable contract. In this type of contract, the seller is reimbursed with all the allowable costs to perform the contract work and receive a fixed-fees payment
This contract is suitable when the type of work is predictable and the requirements are well defined and not likely to change. It has more risk to the seller. Sometimes unexpected costs occur during the course of the project. Since the price is fixed on the contract, the seller is responsible for
Your company can accept one of the 3 projects. Project A has NPV of $30,000, it will take 5 years to complete, and the associated cost will be $10,000. Project B has NPV of $60,000 it will take 3 years to complete, and the cost will be $ 15,000. Project C has NPV of $80,000 it will take 4 years to
Arthur is working for a leading logistics company in USA. The company is handles new projects for every year. Arthur is directly reporting to the financial director of the company. In one of the projects Arthur is handling has the information, SPI (schedule performance index) is 1.2 and the CPI
Reach communication is the market leader in the telecom industry. Ethan is working on an agile project which has 2 iterations for every month. Ethan is involved in documenting the procedures for procurement decisions and obtaining seller response, selecting a seller and award the contract to them,
Carol is the construction manager in a leading design company. Carol reports to Susan. In the latest project, Susan asked Carol to find out the option to make the product in-house or contract the job. Carol is thinking whether or not to contract out a job. If she hires an engineer the cost will be
Procurement management includes the processes necessary to purchase or acquire products or services needed from outside the project team. Megan is mostly working on the process of obtaining seller responses, selecting a seller and offer the contract. Mainly Megan is involved in obtaining the seller
Brittany is a lead business analyst for a leading pharmaceutical company. She is reporting to Kayla who is the director of the company. Kayla asked Brittany to calculate the future value based on the current parameters in the project. The present value of the project is $350000 Brittany was asked
A questionnaire is sent to risk experts and asking about the risks in the project, once the questionnaire is collected, it was recirculated again to reach the consensus and generate an opinion. This process is known as?A. Interview.B. Delphi technique.C. Brainstorming.D. Sensitivity analysis.
Jeremy is working for Synergy Inc. He is working as a lead analyst in the projects. He is reporting to Cheryl, who is the agile project manager in Synergy Inc. Cheryl asked Jeremy to identify the risks as well as prioritize the risks which may affect the project. Jeremy considers some other
Gloria is the lead financial analyst in a Fortune 100 company. She is handling multiple projects and, spent most of the time in project cost-related techniques and calculations. In one of the performance meeting project manager came up with the following measurement, AC (Actual cost) =500, PV
Nicole is the project manager in an agile project which has very short iterations. Every iteration the backlog is adjusted, and the pending tasks are moved to next iterations. Nicole is reporting to Brandon regarding the project risks and constraints in the project. Brandon asked him to tailor the
Plan risk response is the process to find out what will organizations do if the risks happen in the project. There are many options available to deal with the risks, by the way of allocating additional funds to deal with the risk, by extending the project schedule or transfer to the 3 rd party or
Acceptable level of risk Organization is willing to take risk, in anticipation of the benefit to them. In general the risk attitudes of organizations is classified into 3 themes which are risk appetite, risk tolerance and risk threshold. Analytical techniques like strategic risk scoring sheets and
Bruce is the project manager, and he is involved in creating the risk management plan and risk register. Risk identification is an iterative process, new risks evolve as the project progresses, and it will continue throughout the project. Participants in the risk identification process are project
Sophia is the technical lead in a project for an energy company. She was involved in all the 7 processes in project risk management. She was developing a risk register and risk reports to submit to the higher authorities in the organization. When a negative risk happens usually it will increase the
Lawrence is working on project risk management. Project risk management includes the processes of conducting risk management planning, identification, analysis, response planning, response implementation and monitoring risk on a project. He is working on the Plan risk response and implement risk
Janet is working on project risk management. She works on Data first. She is involved in risk management process which helps her to prioritize risks and find its probability and impact.Identify the project risk management process that Janet is working on.A. Perform quantitative risk analysis.B.
One of the processes available in project risk management is to identify risks. This process identifies the individual project risks and determines the sources of the overall project risk and document their characteristics. Amber is working on identifying the risks in the project that she is
Travis is the project manager and he is involved in the risk management process to determine the risks in the project. Individual project risks can have a positive or negative impact on the project if they occur. Project risk management identifies and manages the risks which are not addressed by
Project risk management includes the process of conducting risk management planning, analysis, response planning, response implementation and monitoring the risks throughout the project. Alvin is working on the project which is totally unique to the organization. He is the project manager and
The objectives of project risk management are to increase the probability of positive risks and decrease the impact of negative risks. Kenneth is the project manager working for multiple projects in Tech connection Inc. Kenneth is involved in all the risk management processes. One of the options
Linda is the project manager and she is involved in the project integration management processes. She is involved in all the 7 processes in the project integration management. She reports to Samuel in a weak matrix organization. She is currently working in the direct and manage project work in
Some of the projects that Victor is working on are very complex in nature and difficult to manage. He works for First Line Inc. which is a credit card company. He reports to Miles who is the senior director in the organization. The complexity arises in the project due to one of the reasons below,
Lydia is the project manager as well as the key stakeholder in the project. She is working with all the processes available in project communications management. She is involved in monitoring communications processes. She is using tools and techniques available in monitoring communications
Some of the Tailoring considerations for project communications management include stakeholders, physical location, communications technology, and language and knowledge management. Henry is working on communication technology which is suitable for the current project, and comfortable to all
Sophie is the project manager and involved in project communications management. When she faces any issues in the project she gets help from Emma. Emma is the functional manager representing multiple functional groups. Sophie is involved in all the 3 processes available in project communications
In this method, sender sends the information to the corresponding parties. Parker is the project manager in the project, and his main task is communicating with the stakeholders. Parker spent most of the time in communication. He used mostly emails for communication purposes.Email to the project
Lucy is the HR manager in a company and reports to Sam. Sam reports to the PMO of the organization. Lucy used a communication model to communicate with all stakeholders in the project. She used a basic sender/receiver model for communication. A sequence of steps in the basic sender/receiver
This method is used to send a large volume of documents to a large number of people. In this method, the information is placed in the central location for communication purposes to the audiences. Recipients get the message from the central location by reading the information. Some of the examples
Jacob is working for a Trident Corporation. He is involved in project communications management, and he is involved in all the processes available in project communications management. He is involved in management of communication process which is used to ensure efficient and effective information
Josephine is the project manager in a Fortune 100 company which is the leader in cable television and internet. All cutting edge technologies are used in the project to provide effective service to customers. Josephine is reporting to Maria, who is the director of the company. Maria always insists
South Pacific Electric is the market leader in the energy industry. Allison is working on an agile project which has multiple iterations. Allison is involved in all the processes in the project communications management. What are the main outputs of the process group Allison is involved in?A. Work
Samantha is the project manager in a company that manufactures soda and energy drinks.For the current project, she is working with logistics-related companies and Advertisement Company. She is communicating effectively with all the stakeholders in the project. Samantha is reporting to Ellie who is
Data representation technique uses various formats to document team member’s roles and responsibilities. June is working for an Airlines company, and she is helping her project manager in some of the data representation techniques used in the organization. She is referring to a couple of data
Naomi is the project manager in an agile project which has 1-week iterations. In every iteration the backlog is adjusted, and the pending tasks are moved to the next iterations. Naomi is reporting to Erin regarding the project development and constraints in the project. Erin asked her to tailor the
Communications management includes the processes necessary to ensure the information needs of the project and its stakeholders are met. Lorraine is working on project communications management. Lorraine used to work with stakeholders to collect the requirements, and validating the scope of the
Amy is the project manager of a project that is involved in the chain grocery stores. She is working in the project resource management. Amy is reporting to Sam. She is using a technique that members of the project team selected in advance before the project started. These resources are guaranteed
Erika is working as a senior project manager for a company that is related to telecom industry. She is involved in one of the project resource management that ensures the assigned resources are available when needed, and released from the project when no longer needed. She is involved in the
Conflict is not avoidable in a project. Josephine is the project manager for a leading Office Solutions provider company. In her recent agile project, conflicts are frequent. And she is looking for some advice from her PMO. Esther is assisting Josephine in some of the conflict resolution methods.
Match the conflict resolution technique with the corresponding outcome.A. Withdraw (lose/lose), Forcing (win/lose), Smoothing (win/lose), Compromise (lose/lose), collaborate (win/win).B. Withdraw (lose/lose), Forcing (win/win), Smoothing (win/lose), Compromise (lose/lose), collaborate(win/lose).C.
Econo Travel is an innovative technology company using artificial intelligence in its reject project. They are making AI robots for some of the automatic bookings. Ivan is working as a project manager in this project and deals with resource allocation, examining alternative project approaches,
Kristin is working as a project manager in a leading banking company. Kristin is reporting to the PMO directly regarding the project constraints. Also she is involved in developing project budget and in the approval process. After many years of working in the industry she identified some of the
Teamwork is critical for team success. Sylvia is the project manager and working on creating an environment for her team that continuously motivates the team by providing challenges and opportunities and provide timely feedback to correct the mistakes. She identified High team performance can be
Data representation technique uses various formats to document team member’s roles and responsibilities. Doris is working for a financial company, and she is helping her project manager in some of the data representation techniques used in the organization. She is referring to a couple of data
National Broadcasting Corporation is the industry leader in the media industry. Megan is the project manager and her team consists of 3 project leaders and 15 team members. The broadcasting company started a key project as part of innovation techniques. At the beginning of the project Megan found
NNC is the company manufacturing chemicals for household purposes. Vivian is handling the agile projects in the organization. Vivian is reporting to Carrie. In this project there is a conflict between the critical team members. Vivian asked for Carrie’s advice. Carrie advised the conflict
A project manager has numerous forms of power. Brandon is working as a project manager in a company who is manufacturing home goods. He is reporting to Sam, who is the PMO of the organization. Brandon is having 15 years of experience, and possessing PMP and some other cloud related certifications.
Roy is working as a HR manager in a company manufacturing bath accessories called Bath necessities Inc. Roy is reporting to Jordan who is the CEO of the company. Jordan asked Roy to tailor the way that the project resource management works in the organization, because every project is unique. What
Jessica is working on the team charter. The team charter provides clear guidelines about the acceptable behavior of the team members. She wants all the members of the team to contribute while developing the team charter. And she is updating the charter periodically. Team charter is a document that
Grace is the project manager in an agile project which has multiple iterations. In every iteration the backlog is adjusted, and the pending tasks are moved to the next iterations. Grace is reporting to Todd regarding the resources and the tasks assigned to them. Because each project is unique, Todd
Project resource management includes the processes to identify, acquire and manage the resources needed for the successful completion of the project. Processes helps to ensure the right resources at the right time are available to complete the project. Audrey is working on the project as a project
Edward is working as a project managed and involved in finding solutions for issues. He is using a systematic approach in problem solving for quality assurance and quality improvements.He found problems are the result of quality audits. He is using the problem solving methods which includes one of
Erika is the project manager in an agile project which has 2-week iterations. Every iteration the backlog is adjusted, and the pending tasks are moved to next iterations. Erika is reporting to Tanya regarding the project development and constraints in the project. Tanya asked her to tailor the
Sherry is working for a pharmaceutical company. And she is reporting to the PMO. She was involved in all the 3 processes in project quality management. She was technical lead for the quality control department. She was involved in calculating the money spent during and after the project because of
Sylvia is the quality control department manager. She is reporting to multiple department managers regarding the quality control activities in the organization. She is spending the money allocated for the project to avoid failures. The cost of conformance includes prevention costs and appraisal
Pauline is the project manager and he involved in the Quality management related activities.She was involved in all 3 quality management process plans; quality management, manage quality and control quality. She used tools like Data gathering and Design for X to support the quality management
Ashely is working on one of the data representation technique that uses the diagrams. She explains the concept to her manager that the diagram helps to identify the critical issues which need the attention immediately. It is based on the concept of a larger number of problems are caused by a
Dorothy is the project manager of a company that is manufacturing toys. She is working on software quality improvement processes. She is involved in all the processes in project quality management. She is currently involved in the process which is used to inspect the deliverables and find out the
This diagram plots 2 variables against each other to find out if they are related, it is called correlation chart, also known as?A. Histogram.B. Pareto diagram.C. Scatter diagram.D. Cause and effect diagram.
Stanley is working on the Project Quality management related processes. Stanley is reporting to the PMO directly. The process which Stanley is working on is used to find the project activities which are in compliance with organizational standards, policies, procedures regularly. This process is
The cost of quality covers the cost of additional work in the project to accommodate quality related activities. Cost of quality can be categorized into?A. Cost of conformance to requirements (Prevention Costs, Appraisal Costs).B. Cost of non-conformance to requirements (Internal Failure costs,
When a data point falls outside the control limits, the data point is out of control, and when it happens the entire process is out of control. Every process has variation in the end products. The range is calculated based on +- 3 sigma. Data points within the range are in control, and the data
Mike is working on the control quality process. He is reporting to Samantha. Samantha is collecting the benefits of quality control process and report to the management. Some of the benefits of control quality process in project quality management are?A. Validate the deliverables against the
Quality audits are done by the team external to the organization. Harvey is responsible for quality control and quality audits. He is reporting to Smith who is the project manager for the specialized products that the company is manufacturing. The objectives of quality audit are?A. To identify the
Tyler is working for a multinational company named Qualtech. And this company involved in the spare parts manufacturing. He is working on the project quality management process, and involved in effective quality management activities. Tyler updated his manager on the number of defects to be reduced
Project quality management includes the processes of incorporating organization's quality policies such as planning, managing, controlling project and product quality requirements to meet the objectives of stakeholders. Cynthia is working on the project as a project manager. She is working on the
Brandon is the project manager of a software development company based in Los Angeles.He is working on this technique which examines the project performance over time to find if performance is improving or deteriorating. Deviation from the baseline indicates the potential impact of threats or
Steven is the project manager assigned to the tight budget project. The project must be completed within the budget as per the senior management. Steven is working with an estimating mathematical model, in which formulas are used for cost and time estimates. The technique uses the mathematical
The agile project team in the Tech corporation company is working on project estimates. Alex is the project manager of the project. Alex also working with the project team to determine the project estimates and budget. During the estimation process, the project team identified alternatives and
Dorothy is the project manager, and she works on the cost estimation in the project. She came through many terminologies and values in the process. Dorothy came to know estimated value of the work actually completed is called?A. Planned value.B. Earned value.C. Actual cost.D. Sunk cost.
Susan is the senior Project manager and working with Bill. Bill is the PMO in the project and he is involved in the cost estimate process in project cost management. Susan and Bill are discussing about various costs in the project. They are discussing about all type of costs in the project which
Sharon is the senior business analyst and working with Sam. Sam is the project manager in the project and he is involved in the cost estimate process in project cost management. Sharon and Sam are discussing about various costs in the project. They are discussing about all type of costs in the
Patricia is the project manager and she is working on the project cost management processes.She is involved in costs estimate process in project cost management. She is working on the cost baseline as well as the cost budget. The difference between cost baseline and cost budget is?A. Contingency
Estimate costs is the process of developing an approximate cost of resources needed to complete the project. It is done periodically throughout the project, to reflect when additional details are available. Costs are estimated for labor, materials, equipment, services, facilities etc.The project in
Julia is working on creating the project budget. She is considering the activity costs, work package costs and control account costs to create the project budget. To create a budget, activity costs are rolled up into work package costs. Then work package costs are rolled up into control account
Andrea is the project manager and working on project estimates. She is working in a technique, in that, estimation of a similar project which was done before was used as a reference.This estimation will work if the team and the activities in the previous project are the same. This technique is used
Karen is the project manager in a project which involves many functional managers. He is working on the reserve which deals with the unknown. Additional reserves are allocated to manage the unforeseen risks. Karen identified One of the options given below is not part of the cost baseline but
Vincent is the project manager and he is involved in the cost management process to determine the budget. His manager asked him to develop the cost management plan. The main outputs of project cost management are?A. Cost management plan, cost estimates.B. Cost baseline, project funding
It is the reserve allocated within the cost baseline for identified risks. It is used for known risks identified. The budget is to address the known-unknown. It can be a percentage of estimated cost, a fixed number . To address the known-unknown and to address the unknown-unknown the reserves
Philip is the project manager in an agile project which has very short iterations. In every iteration the backlog is adjusted, and the pending tasks are moved to the next iterations. Philip is reporting to Dan regarding the project budget and constraints in the project. Dan asked him to tailor the
Project cost management includes the processes involved in planning, estimating, budgeting, financing, funding, managing and controlling costs. Bob is working on the project as a project manager. Cost management mainly considers the cost of resources needed to complete project activities. Bob is
Allan is the project manager and working on project estimates. He is working on a technique that employs estimation similar to a previous project. This reference estimation will work if the team and the activities in the previous project are the same. Identify the estimation technique that Allan is

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