Where will the project management team look to determine how resources are to be obtained externally?

If earned value = 500, planned value = 700, and actual costs = 450, which the following is the schedule variance?

–200

To calculate schedule variance, subtract planned value from earned value (SV = EV – PV): $500 – $700 = –$200. A negative schedule variance means that the project is behind schedule.

Select the best description of the difference between project deliverables and project requirements?

Deliverables are specific items that must be produced for the project or project phase to be considered complete; requirements are the specifications of the deliverables used to tell you whether the deliverables were produced successfully.

Deliverables are measurable outcomes, measurable results, or specific items that must be produced before the project or project phase is considered complete. Requirements are the specifications of the deliverables and tell you how you know the deliverables were completed successfully.

Who is correct?

Both

Both processes are responsible for carrying out closure activities when it comes to procurements. The closed procurements output is a result of Control Procurements, where completed requirements are validated against the contract; administrative closure of procurements occurs through the Close Project or Phase process, including archiving related documentation.

As uncertainty and complexity rise in projects, so does which of the following?

The likelihood of change

As uncertainty in projects increases, the likelihood of change also increases. Depending on the project management approach used, wasted work and the need for rework may also increase.

This information might be reported in which of the following outputs of this process?

Work performance information

Work performance information includes information regarding the status of risks (in the case of the Monitor Risks process), the status of change requests, and more. Work performance data and work performance reports are both inputs to this process.

You are the project manager for a pharmaceutical company. The current project includes a new drug that will be introduced in six months. The project for the release is going well and closely mirrors the release of a drug that took place last year. With accurate historical information and quantifiable parameters in hand, select the best type of cost estimating technique to use during the Determine Budget process?

Parametric estimating

The key pieces of information within the question reveal that you have accurate historical information and quantifiable parameters. Both are needed to utilize the parametric estimating technique.

Governance is considered to be which of the following?

Enterprise environmental factors

A project manager is operating a project working to create a fitness tracking device. He has just completed getting the project authorized and analyzing stakeholder needs and expectations. What activity is he likely to carry out next?

Put together the project management plan

The project manager has carried out the Develop Project Charter and Identify Stakeholders processes. He will likely begin to assemble the project management plan as a next step, by performing activities outlined within the Develop Project Management Plan process.

Kaylee is a senior project manager for a fitness company that is generating a new franchise model. She has just led the team through various workshops to record requirements. Select the activity she is likely to perform next?

Define the scope of the project

Kaylee has just carried out the Collect Requirements process and is likely to carry out the Define Scope process next.

Which of the following tools and techniques of the Conduct Procurement process does this reflect?

Procurement negotiation

Since the question states you are meeting to discuss details of the contract, you are using the procurement negotiation tool and technique, which is part of interpersonal and team skills. Proposal evaluation is used prior to deciding among multiple responses. Procurement negotiations are used to come to agreement on the contract; while the project manager may participate in contract negotiations, it is typically the procurement administrator who performs negotiations.

What key information can she practice to assist her deal with the situation?

Project management plan

The question is asking for an input that can be used to address the engagement level of stakeholders. The scenario involves the Monitor Stakeholder Engagement process. Interpersonal and team skills and decision-making are tools and techniques and therefore not the correct choices. Since the project management plan contains the stakeholder engagement plan, which documents the strategy for engagement stakeholders, this is the best option. Other useful components of the project management plan also include the communications management plan and resource management plan.

A project manager has just facilitated the project change control process, which produced 10 approved change requests. Select the process he is likely to perform next?

Direct and Manage Project Work

The project manager and team are likely to execute the work associated with the approved change requests. These approved change requests are implemented through the Direct and Manage Project Work process.

You work for Sergio’s, a golf equipment producer. Your organization is installing some new manufacturing equipment, and you are operating the project. Some risk events have come to fruition on the project, and as a result, change requests have been approved. You are in the Monitor Risks process and know that all of the following are correct regarding this question except for which one?

Change requests will not take the form of preventive actions because you are in the Monitoring and Controlling process group and too far into the work of the project.

Change requests may take the form of preventive or corrective actions or workarounds. It’s not too late to take preventive action in the Monitoring and Controlling process group.

Your organization takes a predictive approach to managing projects. You have recently implemented your project, and you are beginning a series of overview sessions with main users to determine requirements for a new enterprise resource software implementation. What process group are the activities you are displaying?

Planning

You are in the process of carrying out the Collect Requirements process, which is part of the Planning process group.

Nicolas works as the project manager of a project that has been known as revolutionizing the mobile fitness tracking industry. He prepares for a discussion with the project’s sponsor regarding the performance of their largest vendor. What information will Nicolas need to reference to supply this information?

Procurement documentation

The procurement documentation contains a variety of useful information relating to the agreement signed with a vendor, including the statement of work, payment information, performance information, and any other correspondence with the vendor. While the project management plan and agreement are two other key inputs, they alone do not provide occurs as part of performing the Control Procurements process, and procurement documentation is a key input of the process.

Where will the project management team look to determine how resources are to be obtained externally?

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