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Q:

A process that specifies how formal verification and acceptance of the completed project deliverables will be obtained is a part of which plan?

A) Project integration plan.	B) WBS development plan.
C) Configuration management plan.	D) Scope management plan.

Answer & Explanation Answer: D) Scope management plan.

Explanation:

“The work involved in performing the five processes of Project Scope Management is preceded by a planning effort by the project management team. This planning effort is part of the Develop Project Management Plan process, which produces a scope management plan that provides guidance on how project scope will be defined, documented, verified, managed, and controlled. The scope management plan may be formal or informal, highly detailed, or broadly framed, based upon the needs of the project.”

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Q:

Ramesh started a software business by investing Rs. 50,000. After six months, Rajesh joined him with a capital of Rs. 75,000. After 3 years, they earned a profit of Rs. 27,000. What was Rajesh's share in the profit?

A) 10,000	B) 15,000
C) 20,000	D) 25,000

Answer & Explanation Answer: B) 15,000

Explanation:

Ramesh : Rajesh =(50,000*36) : (75,000*30) =4 : 5.

Therefore, Rajesh's share=Rs.(27,000*5/9)= Rs.15,000.

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Q:

Report Performance is a member of which process group?

A) Controlling	B) Planning
C) Executing	D) Closing

Answer & Explanation Answer: A) Controlling

Explanation:

The processes in the controlling group are Verify Scope, Control Scope, Control Schedule, Control Costs, Perform Quality Control, Report Performance, Monitor and Control Risks, and Administer Procurements.

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Q:

Which of the following is not true about bottom-up estimating?

A) The WBS must be accurate and complete before this process can be used.	B) Since the cost is largely independent of the desired accuracy it is the methodology of choice.
C) Its accuracy increases if the activities are smaller.	D) It is not a useful methodology in the early project planning phase.

Answer & Explanation Answer: B) Since the cost is largely independent of the desired accuracy it is the methodology of choice.

Explanation:

“The cost and accuracy of bottom-up cost estimating is typically influenced by the size and complexity of the individual activity or work package.” PMBOK [7.1.2.4]

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Q:

Assuming that the phases in a project are concept, development, implementation and termination, which phase typically has the highest degree of uncertainty?

A) Concept	B) Development
C) Implementation	D) Termination

Answer & Explanation Answer: A) Concept

Explanation:

The first phase in a project always has the greatest degree of uncertainty because at this point in time the product is the least well defined. PMBOK, See figure 2-2. [2.1.1]

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Q:

Verify Scope is the process of

A) progressively elaborating and documenting the project work that produces the product of the project.	B) subdividing the major product deliverables into smaller, more manageable components.
C) obtaining formal acceptance of the project scope by the stakeholders.	D) influencing the factors that create scope changes to ensure that changes are agreed upon, determining that a scope change has occurred and managing the changes when and if they occur.

Answer & Explanation Answer: C) obtaining formal acceptance of the project scope by the stakeholders.

Explanation:

“Verify Scope is the process of formalizing acceptance of the completed project deliverables. Verifying scope includes reviewing deliverables with the customer or sponsor to ensure that they are completed satisfactorily and obtaining formal acceptance of deliverables by the customer or sponsor.” PMBOK [5.4]

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Q:

The procurement documents to be used, the supplier management processes and the types of contracts that will be used are to be found in which document?

A) Solicitation management plan.	B) Contracting management plan.
C) Organizational policies.	D) Procurement management plan.

Answer & Explanation Answer: D) Procurement management plan.

Explanation:

Key elements in the procurement management plan are enumerated in this PMBOK section. [12.1.3.1]

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Q:

Which of the following is usually not considered a goal of portfolio management?

A) To manage the effective and efficient use of resources.	B) To balance the portfolio among incremental and radical investments.
C) To maximize the value of the portfolio by careful examination of candidate projects and exclusion of those no meeting strategic objectives.	D) To ensure that the relationship between projects in the portfolio clearly reflects strategic objectives.

Answer & Explanation Answer: D) To ensure that the relationship between projects in the portfolio clearly reflects strategic objectives.

Explanation:

There is not necessarily a relationship between projects in a portfolio. Answer D is actually one of the goals of PROGRAM management. PMBOK Guide [1.4]

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