Free Access PMI.PMP.v2022-12-22.q999 Practice Test (Page 134)

Question 661

As project manager, you need a relatively fast and informal method addressing disagreements with contractors. One such method is to submit the issue in question to an impartial third party for resolution.
This process is known as______________

A.Alternative dispute resolution

B.Problem processing

C.Steering resolution

D.Mediation litigation

Question 662

A negative cost variance and positive schedule variance means:

A.The project is over budget and ahead of schedule

B.The project is under budget and ahead of schedule

C.The project will be overrun but ahead of schedule at completion

D.The project is over budget and behind schedule

E.None of the other alternatives apply.

Question 663

Drag the items on left side to the matching term within the correct project.

Question 664

A company wants to start a new project to build an innovative business product, but the project managers and engineering team do not have previous experience to contribute What should an assigned project manager do to initiate the work?

A.Perform qualitative and quantitative risk analyses

B.Make a list of facts and assumptions, and develop possible solutions

C.Develop risk management and quality management plans

D.Identify the risk scenario and try to avoid the risk

Question 665

What is the difference between expected monetary value and net present value?

A.Expected value is the estimated value of risk response plans and net present value helps determine the value of investments.

B.Expected value is the value it takes to recover your investment and net present value is the value of money.

C.Expected value is the estimated value of the work actually accomplished and net present value is the value of the work to be done.

D.Expected value is the probability times impact of an opportunity and net present value is the benefits less costs over many time periods.

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Question 661

Question 662

Question 663

Question 664

Question 665

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