QUESTIONS WITH SOLUTIONS GRADED A+
◍ Acquire Resources, Inputs (r).
Answer: Project Management Plan, Project documents, EEFs, OPAs (r)
◍ Purpose of control costs.
Answer: Controlling the costs of the project, such as the number and
frequency of cost meetings, and the reports and measurements that will be
needed
◍ Acquire Resources, Outputs.
Answer: Physical resource assignments, Project team assignments, Resource
calendars, Change requests, Project Management Plan updates, Project
document updates, EEF updates, OPA updates
◍ detectability risk parameter.
Answer: How easily can the evidence of a risk's occurrence be detected
◍ Monitor Risks, Outputs.
Answer: Work performance information, change requests, PM plan updates,
project documents updates, OPA updates
◍ Planned value (PV).
Answer: What the project should be worth
◍ Validate Scope, Outputs.
Answer: Accepted deliverables, Work performance information, Change
requests, Project document updates
◍ Define Activities, Tools & Techniques.
Answer: Expert judgement, Decomposition, Rolling wave planning,
Meetings
,◍ fixed-price contract (FP).
Answer: Used for acquiring goods, products, or services with well defined
specifications or required- All requirements are clearly described then a
fixed total price is set for the project and no changes to scope should occur
◍ Earned value (EV).
Answer: What the project is worthPercent complete x BAC
◍ Free Float.
Answer: The amount of time that a schedule activity can be delayed without
delaying the early start date of any successor or violating a schedule
constraint.Used during: Develop schedule
◍ Manage Team, Inputs.
Answer: Project Management Plan, Project documents, Work performance
reports, Team performance assessments, EEFs, OPAs
◍ Cost performance index (CPI).
Answer: Overall cost efficiency of the projectEV/ACClosest to 1 is
bestGreater than 1= under budgetLess than 1= over budget
◍ Plan Schedule Management, Tools & Techniques (sc).
Answer: Expert judgement, Data analysis, Meetings (sc)
◍ Determine budget key ITTOs (Cost).
Answer: I: - Business docs- PMP (Cost management plan, scope baseline,
resource management plan)- Project docs (Basis of estimates, cost estimates,
project schedule, risk register, project schedule, risk register)T&Ts:- Expert
judgement- Cost aggregation- Reserve analysis- Historical information
review- Funding limit reconciliation - FinancingO:- Cost baseline- Doc
updates (Cost estimates, risk register, project schedule)
◍ Perform Qualitative Risk Analysis, Tools & Techniques.
Answer: Expert judgement, data gathering, data analysis, interpersonal and
team skills, risk categorization, data representation, and meetings
◍ Estimate Activity Durations, Tools & Techniques.
, Answer: Expert judgement, Analogous estimating, Parametric estimating,
Three-point estimating, Bottom-up estimating, Data analysis, Decision
making, Meetings
◍ Control Quality, Inputs.
Answer: Project Management Plan, Project documents, Approved change
requests, Deliverables, Work performance data, EEFs, OPAs
◍ Maslow's Hierarchy of Needs.
Answer: physiological, safety, love/belonging, esteem,
self-actualizationUsed during: plan resource management
◍ Precedence Diagram method (PDM).
Answer: A technique used for constructing a schedule model in which
activities are represented by nodes and are graphically linked by one or
more logical relationships to show the sequence in which the activities are to
be performed.- FS- SS- FF- SFUsed during: Sequence activities (Schedule)
◍ Perform Quantitative Risk Analysis, Tools & Techniques.
Answer: Expert judgement, data gathering, interpersonal and team skills,
representations of uncertainty, data analysis
◍ TCPI Utilizing EAC.
Answer: Predicts likelihood ofreaching EAC(BAC-EV)/(EAC-AC)Greater
than 1 - harder tocomplete and meet EACLess than 1 - easier to
completeand meet EAC
◍ Validate Scope, Inputs.
Answer: Project Management Plan, Project documents, Verified
deliverables, Work performance data
◍ Control Quality, Tools & Techniques.
Answer: Data gathering, Data analysis, Inspection, Testing/product
evaluations, Data representation, Meetings
◍ Propinquity risk management.
Answer: Perceived potential for the consequences of a risk to affect the
, individual or group directlyUsed during: Perform qualitative risk assessment
◍ Stakeholder engagement plan.
Answer: Desired and current stakeholder engagement levels-Scope and
impact or change-Interrelationships and overlap-Communication
requirements-Info to be distributed and why-Time and frequency for
distribution of required information
◍ Collect requirements key ITTOs (Scope).
Answer: I:- Charter- Assumption log- Agreements- OPAsT&Ts:- Data
gathering (Brainstorming, expert interviews, focus groups, questionnaires
and surveys, benchmarking)- Data analysis (Document)- Decision making-
Data representation (Affinity diagram, mind mapping)- Intrapersonal and
team skills (Nominal group technique)- ObservationsMeetings- Context
diagram- PrototypesO:- Requirements documentation- Requirements
traceability matrix- Requirements owners
◍ Define Scope, Inputs.
Answer: Project Charter, Project Management Plan, Project documents,
EEFs, OPAs
◍ Control Scope, Inputs.
Answer: Project Management Plan, Project documents, Work performance
data, OPAs
◍ Monitor Stakeholder Engagement, Outputs.
Answer: Work performance information, Change requests, Project
Management Plan updates, Project document updates
◍ Procurement actions.
Answer: -SOW or TOR-High- level cost estimate to determine the
budget-Advertise the opportunity-Identify qualified sellers-Create and issue
bid documents-Seller creates submits proposal-Buyer does a technical
evaluation of proposal-Buyer does cost evaluation of the proposal-Buyer
examine combined quality and cost evaluation-Buyer and seller negotiate
sign contract