Free Access PMI.PMP.v2022-02-17.q883 Practice Test (Page 132)

Question 651

Which of the following statements are true regarding cost estimating techniques?

A.Parametric estimates involves estimating the cots of individual work packages at the lowest level of detail, and "rolling up" and summarizing the costs at higher levels

B.Bottom up estimating is a technique that uses statistical relationship between historical data and other variables to calculate a cost estimate.

C.None of the choices are true

D.Analogous estimating is generally more costly than other techniques but produces more accurate estimates

Question 652

A key stakeholder is concerned about a critical risk that may cause the project to run over budget The project manager wants to share the mitigation plan with the stakeholder What should the project manager do first?

A.Check the organizational chart to determine the stakeholder's department.

B.Identify which deliverable in the work breakdown structure (WBS) will be affected by the risk

C.Review the risk register to identify the mitigation plan

D.Consult the communications management plan to identify how to inform the stakeholder.

Question 653

It is critical during the proposal preparation stage that______________

A.The negotiation strategy is determined

B.A change management strategy is developed

C.Roles and responsibilities for the ultimate project are determined

D.Contract terms and conditions are reviewed before the proposal is submitted to the client

Question 654

The project manager of a pipeline project hires a construction contractor using a cost plus fixed fee (CPFF) contract. The contractor provides the project manager with an estimate of US$50,000, and a fixed-fee amount of US$5,000. When the pipeline is completed, the construction cost is US$60,000.
What amount should the contractor be paid?

A.US$65,000

B.US$60,000

C.US$55,000

D.US$50,000

Question 655

Which of the following is an output of the Information Distribution Process?

A.Project calendar

B.Requested changes

C.Communication requirement plan

D.Communication management plan

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