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NEW QUESTION # 70
The main sections of an RFP can include the statement of work and schedule information.
- A. True
- B. False
Answer: A
NEW QUESTION # 71
Describe critical path analysis. How is the critical path calculated?
- A. False
- B. Critical path analysis is a technique used to deine how long a project will take to complete. The critical path of a project is calculated by first finding all of the paths, and then locating the longest path that has the least amount of slack time. Typically, travel from each node has a duration (days or weeks, etc.) that can be added up when traveling from start-to-finish of a project.
- C. True
- D. planning
Answer: B
NEW QUESTION # 72
Project stakeholder management has resonances with project cost management and project time management.
- A. False
- B. True
Answer: A
NEW QUESTION # 73
Which of the following provides certifications as a Project Management Professional?
- A. PMP
- B. PMI
- C. PMS
- D. PMC
Answer: C
NEW QUESTION # 74
Profits may be defined as:
- A. revenues minus expenditures
- B. revenues plus expenses
- C. costs plus revenues
- D. expenses plus net income
Answer: A
NEW QUESTION # 75
A(n) _____ is a task at the lowest level of the WBS.
- A. deliverable
- B. work package
- C. objective
- D. variance
Answer: B
NEW QUESTION # 76
Enterprise project management softwares are also known as _____ tools of project management software.
- A. baseline
- B. high-end
- C. midrange
- D. low-end
Answer: B
NEW QUESTION # 77
_____ addresses the ease of performing maintenance on a product.
- A. Performance
- B. Maintainability
- C. Functionality
- D. Reliability
Answer: B
NEW QUESTION # 78
The format of the WBS dictionary is essentially the same for all projects.
- A. False
- B. True
Answer: A
NEW QUESTION # 79
Work performance information and cost forecasts are main outputs of the _____ process.
- A. cost budgeting
- B. cost control
- C. cost estimating
- D. cost pricing
Answer: B
NEW QUESTION # 80
One possible response to managing negative risk is to accept the potential effects from the risk.
- A. True
- B. False
Answer: A
NEW QUESTION # 81
"A shortage of qualified personnel is one of the main reasons that companies outsource. A project may require experts in a particular field for several months and planning for this procurement ensures that the needed services will be available for the project." Which of the following benefits does this characteristic of outsourcing provide an organization?
- A. Provides access to specific skills
- B. Reduces focus on its core business
- C. Reduces dependency on suppliers
- D. Increases control over all aspects of projects that suppliers carry out
Answer: A
NEW QUESTION # 82
The first step in deining the NPV is to _____.
- A. deine the cash flow
- B. calculate the net present value
- C. deine the discount rate
- D. deine the estimated costs and benefits for the life of the project and the products it produces
Answer: D
NEW QUESTION # 83
"Outsourcing to provide extra workers during periods of peak workloads can be much more economical than trying to fill entire projects with internal resources." Which of the following advantages does this characteristic of outsourcing provide organizations?
- A. Offers control over all aspects of projects that suppliers carry out
- B. Helps avoid any form of dependency on suppliers
- C. Provides a company flexibility in staffing
- D. Shifts accountability from external suppliers to internal staff
Answer: C
NEW QUESTION # 84
_____ involves deining everyone involved in the project or affected by it and deining the best ways to manage relationships with them.
- A. Planning stakeholder management
- B. Controlling stakeholder engagement
- C. Identifying stakeholders
- D. Managing stakeholder engagement
Answer: C
NEW QUESTION # 85
_____ risks refer to those that are direct results of implementing risk responses.
- A. Secondary
- B. Primary
- C. Architectural
- D. Residual
Answer: A
NEW QUESTION # 86
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