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Q256. A Project with a total funding of $70,000 finished with a BAC value of $60,000.

What term can best describe the difference of $10,000?

A. Management Contingency Reserve

B. Cost Variance

C. Schedule Variance

D. Management Overhead

Answer: A


Q257. Which knowledge area employs the processes required to ensure timely and appropriate generation, collection, distribution, storage, retrieval, and ultimate disposition of project information?

A. Project Risk Management

B. Project Integration Management

C. Project Communications Management

D. Project Quality Management

Answer: C


Q258. Which of the following statements is true regarding schedule variances?

A. Schedule variances never impact the schedule.

B. Schedule variances sometimes impact the schedule.

C. Schedule variances impact scope, which impacts the schedule.

D. Schedule variances always impact the schedule.

Answer: B


Q259. Which statement is TRUE about Present Value(PV)?

A. The difference in benefit received between a chosen project and a project that was not chosen

B. The interest rate that makes the net present value of all cash flow equal zero

C. The value today of future cash flow

D. The present value of cash inflow less the present value of cash outflow

Answer: C


Q260. Smoothing out resource requirements from period to period is called resource _____.

A. None of the other alternatives apply.

B. Leveling.

C. Quantification

D. Partitioning

E. Allocation.

Answer: B


Q261. All the techniques described below can be used to keep a meeting focused except:

A. Rephrase unclear ideas presented by group members

B. Encourage pursuit of interesting new ideas

C. Summarize discussion periodically

D. Recall agenda items/purpose of meeting

E. All are acceptable techniques

Answer: B


Q262. Life seems to be going very well for your close friend, a fellow PMP. She has taken a trip to France, bought a new car, and stocked her wine cellar with a half dozen expensive bottles of wine, all within the last six months. After a few cocktails one evening, she tells you her secret. The vendor she's working with on the $4 billion project she's managing has given her all of these items as gifts. Which of the following should you do? (Choose the best answer.)

A. You tell your friend these gifts probably aren't appropriate and leave it at that.

B. Your friend doesn't see a problem with accepting these gifts at all. You know this is a conflict of interest situation and should be reported as a PMP Code of Professional Conduct violation.

C. You and your friend have a long conversation about the gifts, and she decides to return them (with the exception of the trip) and not accept any more gifts in the future.

D. You're happy for your friend and say nothing.

Answer: B


Q263. Communication always makes use of.

A. words

B. All of the other alternatives apply.

C. language

D. gestures

E. symbols

Answer: B


Q264. Parametric cost estimating involves

A. using a statistical model to estimate costs

B. calculating the individual estimates of work packages

C. defining the perimeters of the life-cycle

D. using the WBS to do bottom up estimates

E. Both 1) using the WBS to do bottom up estimate, and 2) calculating the individual estimates of work packages

Answer: A


Q265. What is the definition of project plan execution?

A. Integrating all planned activities.

B. Performing the activities included in the plan.

C. Developing and maintaining the plan.

D. Execution of deliverables.

Answer: B


Q266. Perform quality assurance belongs to which of the following process groups?

A. Planning

B. Executing

C. Monitoring and Control

D. Closing

Answer: B


Q267. To-complete performance index (TCPI) is represented by which of the following?

A. BAC - EV/BAC - AC

B. A measure of the value of work completed compared to the actual cost or progress

C. A measure of progress achieved compared to progress planned

D. AC + (BAC - EV)

Answer: A


Q268. What is the schedule performance index (SPI) using the following data?

BAC = $100,000

PV = $50,000

AC = $80,000

EV = $40,000

A. 1.00

B. 0.40

C. 0.50

D. 0.80

Answer: D


Q269. In which type of organization(s) is the project manager's role most likely part-time?

A. Functional

B. Weak Matrix

C. Balanced Matrix

D. Both 1) Functional and 2) Weak Matrix

Answer: D


Q270. Given the following values, what is the calculated expected activity cost (CE) when using PERT?

CO = $7,000

CM = $10,500

CP = $11,000

A. $ 4,750

B. $ 9,500

C. $10,000

D. $11,500

Answer: C