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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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Filed Under: PMP Certification

Q:

A quality audit is

A) a structured, independent review to determine whether project activities comply with organizational and project policies, processes, and procedures. B) the process of regularly evaluating overall project performance to provide confidence that the project will satisfy relevant quality standards.
C) an approach where the team members meet regularly to improve the process of quality control on their project. D) the process of determining the appropriate actions to increase the effectiveness and efficiency of the project to provide added benefits to project stakeholders.
 
Answer & Explanation Answer: A) a structured, independent review to determine whether project activities comply with organizational and project policies, processes, and procedures.

Explanation:

“A quality audit is a structured, independent review to determine whether project activities comply with organizational and project policies, processes, and procedures.”

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Filed Under: PMP Certification

Q:

Sensitivity analysis is used to

A) identify the risks which have the largest potential impact on the project. B) determine which risks are most troubling to the customer.
C) identify hidden requirements that were not recognized at the outset of the project. D) determine which requirements will add the greatest customer satisfaction for the least effort.
 
Answer & Explanation Answer: A) identify the risks which have the largest potential impact on the project.

Explanation:

“Sensitivity analysis helps to determine which risks have the most potential impact on the project.”

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Filed Under: PMP Certification

Q:

The price that you charge for your project is

A) equal to the cost estimate plus a fixed percentage. B) essentially the same as the cost estimate.
C) typically 1.5 - 2.5 times the cost estimate in order to account for corporate overhead costs D) a business decision that considers the cost estimate together with other factors.
 
Answer & Explanation Answer: D) a business decision that considers the cost estimate together with other factors.

Explanation:

Overhead costs should be figured into the cost estimate. Desired profit considered together with other factors such as market demand, availability of resources, prior experience are then used to determine the optimal price.

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Filed Under: PMP Certification

Q:

The organizational form in which the project manager has informal authority over team members and little or no input to team member’s performance appraisal is called

A) weak matrix. B) functional.
C) strong matrix. D) composite.
 
Answer & Explanation Answer: A) weak matrix.

Explanation:

“Weak matrices maintain many of the characteristics of a functional organization, and the project manager role is more that of a coordinator or expediter than that of a true project manager.”

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Filed Under: PMP Certification

Q:

In the Determine Budget processes the project schedule

A) is not one of the inputs to these processes. B) is used to allocate the project budget to the various project activities.
C) is used to assign costs to the time period when the costs will be incurred D) is used to determine the size of the contingency component of the budget after all scheduled costs are accounted for.
 
Answer & Explanation Answer: C) is used to assign costs to the time period when the costs will be incurred

Explanation:

“This [project schedule] information can be used to aggregate costs to the calendar periods when the costs are planned to be incurred.” PMBOK [7.2.1.4]

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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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Filed Under: Percentage

Q:

Communication requirements are defined by

A) the adaptation of the theory of sender-receiver models to the dominant listening and learning style of each stakeholder. B) the logistics of how many individuals will be involved with the project and at which locations.
C) the technologies or methods available to transfer information back and forth among project stakeholders. D) combining the type and format of information required with an analysis of the value of that information.
 
Answer & Explanation Answer: D) combining the type and format of information required with an analysis of the value of that information.

Explanation:

“ Communication requirements are defined by combining the type and format of information needed with an analysis of the value of that information.”

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Filed Under: PMP Certification