A. Assumptions
CM 4.7.2 PMBOK 5.3.3.1 Correct Answer: Project planning is ongoing as the team analyzes
how long it will take to process both a new order and a change order through the new call center.
This analysis helps them determine how many employees must be working in the car center
based on anticipated customer volume. This is an example of what?
A. Determine budget CM 7.13; PMBOK 7.3 Correct Answer: The project manager and her team
are involved in establishing the cost of the project and applying them to the schedule in order to
determine when these cost will occur. During the project during which process does this occur?
D. initiating, planning, executing, monitoring and controlling, closing (IPEM&CC) CM 3.3.1;
PMBOK 1.5.1 Correct Answer: During project performance, the team will focus on the Project
Life Cycle and the project management life cycle. What are the five phases of a project
management life cycle (PMLC)?
A. Risk Seeker CM 11.2.7; PMBOK 11 INTRO Correct Answer: The project manager is
considering quitting his job to develop a book and supporting products for the project
management professional exam, and idea he created outside his job. If it sells well, he plans to
start his own company and sell the products full-time. What characteristics is he showing
towards risk?
D. all of the above (Interactive, Push, Pull) CM 10.3.5; PMBOK 10.1.2.4 Correct Answer:
Which of the following communication methods should be applied to managing project
engagement?
B. Analogous estimating CM 6.4.2; PMBOK 7.2.2.2 Correct Answer: The planning is
progressing on schedule for the hotel renovation project. The project manager and the team are
ready to begin estimating cost. Since the customer needs an estimate as soon as possible, what
estimating methods should the team use?
C. Sunk Cost CM 7.5; PMBOK NO REF Correct Answer: You are a project manager assigned
to a project that has spent $4,000,000. The original budget was $1,500,000. Senior Management
is considering stopping this project. What term describes the $1,500,000 that has been spent so
far?
D. All of the above (A duration of zero, the competition of a major event in the project, the
completion of major deliverables) CM 6.2/6.6.15 PMBOK 6.6.3.2 Correct Answer: The project
manager is having a team meeting and explaining to the team the upcoming Milestones that are
due. What are the characteristics of a milestone?
B. $10,000.00 CM 7.6.1; Calculating Standard Depreciation use begining value of asset
subtracted by ending value then divide by the # of years. Correct Answer: A new tape backup
server has just been purchased for backing up the company's development and release software.
The tape backup server cost $50,000 and it's necessary to upgrade the local area network with an