- This is important as it increases continuity in project execution and reduces organisational risk. The project office can do this by defining, issuing and ensuring compliance with project standards, procedures and templates across the organisation....Link: https://hma.eu/uploads/media/qa_var_submission.pdf
- This is important as it facilitates improved project planning and helps reduce unexpected delays and risks in project delivery. Q: Explain the concept of a matrix organisation and describe four advantages of such an approach. A matrix organisation...Link: https://itsiti.com/sm59-httpio-plg-canceled-on-sap-support-portal/
- The PMP Question and Answers will teach you and guide you to improve your skills and experience of selecting the best answer. All questions come with a detail explanation of why a choice was correct and why the others were wrong. The PMP Question and Answers course contain a questions by process groups the following resources: 1. Initiation Questions ,.Link: http://af.sosvomano.it/chapter-11-test-bank-quiz.html
- Incorrect answer. Please choose another answer. Since the levels of both cost and risk vary throughout the project life cycle, which of the following statements is true? Costs are high and Risk is low at the initiating stage b. Both Costs and Risks are high at the initiating stage c. Costs are low and Risk is high at the initiating stage d. Both Costs and Risks are low at the initiating stage Costs are usually low at the initiating stage of the project. Since uncertainty is high at the beginning, risk associated with that uncertainty is also high. As the project continues through its life cycle, resources are expended causing an increase in costs. At the same time, as the project progresses toward completion, the uncertainty and risk is decreased.Link: https://hdsr.mitpress.mit.edu/pub/fxz7kr65?collectionSlug=sldavano
- In a phased project, phase end meetings are used to sign-off on the deliverables associated with that phase. These phase end points typically provide a good opportunity to evaluate the progress and performance in that phase. Which of the following terms is synonymous for phase end? Phase exits c. Milestones d. All of the above Phase exits, phase gates, stage gates, kill points, decision gates and milestones are synonymous terms for phase end points. An office furniture manufacturing company has initiated a project to computerize and automate some of their manufacturing process systems.Link: https://answers.yahoo.com/question/index?qid=20171109173932AAmbkvJ
- As a project manager, you must identify both groups of stakeholders. Failure to recognize the stakeholders negatively affected may jeopardize the project objectives. Since meeting with the sponsor would not necessarily resolve the issue because you have not heard the concerns of the negative stakeholders yet, your initial step would be to include the manufacturing personnel as project stakeholders.Link: https://campus.mst.edu/physics/courses/409/Exams/ph6101_test5_ANSWERS.pdf
- Preparing a probability and impact matrix might be a logical next step, but without analysis of the impact and its probability, it would not be prudent to assure the employees their jobs were not in jeopardy. Stakeholder management is a critical aspect of managing a project. In order to manage stakeholder expectations, the project manager must come up with a strategy.Link: https://youtube.com/watch?v=IftHEFth12U
- Issue log c. Stakeholder register d. Stakeholder management plan Stakeholder analysis defines the stakeholder management strategy and includes specific information such as the identities of those stakeholders who can significantly impact the project and their level of participation. The issue log evolves while managing the stakeholder expectations and may result in change orders to incorporate corrective or preventive actions. The stakeholder management plan identifies the management strategies required to effectively engage stakeholders. Project Planning 6. In situations involving a large number of ideas on requirements provided by various stakeholders, a project manager must sort, review and analyze those ideas. Which of the following tools can be utilized to accomplish this? Affinity diagram c. Pareto chart d. Brainstorming Affinity diagrams can be used to sort and group idea for additional review and analysis.Link: https://actualtests.com/exam-XK0-004.htm
- While expert judgment is utilized during this process, it is considered a tool and technique rather than an input. The project is progressing well from a budgetary point of view, since the CPI value is greater than one. What is the Estimate at Completion EAC if the future work of the project is performed at the budgeted rate? There are two methods to calculate the EAC. It can be calculated at the budgeted rate, or it can be figured using the present CPI. The EAC at the budgeted rate is based on performance to date and represented by the actual accrued costs.Link: https://prepinsta.com/zs-associates-syllabus/
- What is the current CPI on this project? The Budget at completion information is irrelevant in this question. On a project schedule network diagram, leads and lags are used to define the relationships between activities. These leads and lags indicate either acceleration or delay, respectively, of the successor activity. Activities with a Finish-to-finish relationship and 3 days of lag time b. The activity has 3 days of final float c. Activity with a finish-to-finish relationship and 3 days of lead time d. None of the above When sequencing activities, there are four types of relationships: finish-to-finish, start-to-finish, finish-to-start, and start-to-start. Finish-to-finish are indicated as "FF.Link: https://mastersofbrands.co.uk/forum/article.php?id=study-spanish-present-progressive-quiz-1-answers-d8000a
- The correct answer is a finish-to-finish relationship with 3 days of lag time. Execution Which of the following are inputs to the Manage Stakeholder Engagement process? Issue log and performance reports b. Change log and Enterprise environmental factors c. Change log and Risk register d. Stakeholder management plan and Change log The inputs to the manage stakeholder engagement process include the stakeholder management plan, communications management plan, change log and organizational process assets. Hence, the stakeholder management plan and the change log are correct answers. Project communication involves dissemination of information by various methods. Communication may be formal, informal, verbal, and nonverbal. Which of the following would define direct communication with peers?Link: https://vcaa.vic.edu.au/Documents/exams/mathematics/mm-mmcas1_assessrep_07.pdf
- Hence, horizontal communication is the correct response. Earned value analysis can be used for measuring the project performance. Project managers use this analysis to plan for risks based on the actual cost, schedule and progress of the work. During the executing phase, if a project has negative values for the cost variance and the schedule variance, which of the following would most accurately represent the project's status? The project is ahead of schedule and under budget b. The project is behind schedule and under budget c.Link: https://train4sure.com/VCP-DCV-2021.htm
- The project is over budget and behind schedule d. The project is ahead of schedule and over budget Cost variance equals earned value minus actual costs EV-AC. If the value is negative, it indicates the project is over budget. Schedule variance equals earned value minus planned value EV-PV. If the value is negative, it indicates the project is behind schedule. In this scenario, based on the negative values calculated by the earned value analysis, this project is over budget and behind schedule. Clifford is managing a project to build non-nuclear components for nuclear weapons.Link: https://dvm360.com/view/solve-any-problem-by-asking-5-simple-questions
- It proves to the world that you have the skills and knowledge to lead and direct projects until completion with the best results. Aside from industry recognition, being a certified PMP can bring life-changing benefits to your career and personal life. Benefits of Being Certified PMP If you have been in project management for years, it is time to level up your career by getting a project management professional certification. Being a certified PMP increase your income and enhance your career. In terms of income, holders of project management professional certification get higher salaries compared to those without the PMP certificate. Compare this to the median salary of an uncertified project manager, which is USD91, per year and you can see a big difference. Big companies worldwide recognize the need to have an expert project manager if they want their business to flourish. Clients will go to them once they realize how smoothly projects run and how they are finished on time with less cost and best results.Link: https://youtube.com/watch?v=FbW9WjyXnhI
- Certified project management professionals occupy high managerial positions. They can also set up their consulting firm and give advice or guidance to other project managers. The test covers almost all topics related to project management and the review materials can be exhaustive and overwhelming. But, there is a way to spend less time to review and learn more to pass the exam, and that is by using the PMP dumps. The dumps include access to a remote server that you can use to reach out to support service and certified experts whenever you need help with some of the challenging questions in the PMP practice exam. Most of the questions are situational and using the dumps as part of PMP exam prep will give a candidate an idea about the topics that come out.Link: https://va.gov/vdl/documents/Clinical/CPRS-Consult_Request_Tracking/dst_ug.pdf
- Note: Exam questions in ETE format Need to download and install. PMP certification is not easy to come by. That is why one must prepare adequately enough before attempting the certification test. You might have revised your notes and still fail the test. Before you go about taking a PMP exam, you should first familiarize yourself with the structure of the test, the timeframe, questions, and of course, their difficulty.Link: https://support.google.com/google-ads/answer/1704364?hl=en
- Practice exam questions are one fool-proof method to get prepared for the test. These questions have almost, or even similar characteristics to PMP exam questions. Mock tests should also give you a feel of the actual exam before you sit for it. Since it is always better to be prepared for anything, these sites will direct you to some tried-and-tested exam questions. Some of them merely display the problems alone, while others include their answers. Other sites go the extra mile and offer mock exams with some timing the process. Whichever you choose to go for, know they are reliable and best of all, free-of-charge. Related posts:.Link: https://in.answers.yahoo.com/question/index?qid=20130519104917AAzxFqk
Monday, June 7, 2021
Project Management Exam Answers
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