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The project management plan contains the resource management plan, which addresses how resources will be obtained, managed, and released.
You use a predictive approach to managing projects and have just finished your cost baseline. Next, you start working on determining funding requirements. Which of the following is correct?
Management reserves are the difference between the funding requirements and the cost baseline.
A project manager is performing quantitative risk analysis. What tangible result is likely to be generated?
An assessment of overall project risk exposure
Choose the best statement that describes overall project risk?
The effect of uncertainty on the project as a whole, arising from all sources of uncertainty.
A project manager meets with the team to discuss how they will evaluate budget performance moving forward. What activity is the team participating in?
Developing the cost management plan
A project has the highest probability of completing successfully at which stage of the project?
During project closure
Choose the best statement that describes the purpose of carrying out activities associated with planning stakeholder engagement?
To develop approaches to involve project stakeholders based on their needs, expectations, interests, and potential impacts on the project
A small sample of your project’s PERT calculations is shown here. What is the total period of the project?