Free Access PMI.PMP.v2024-01-18.q420 Practice Test (Page 53)

Question 256

Which of the following tools will be used to produce performance reports that provide information to stakeholders about project cost, schedule progress, and performance?

A.Communications methods

B.Reporting systems

C.Forecasting methods

D.Variance analysis

Question 257

A vendor delivers an important component that fails to meet quality requirements. The vendor only agrees to financially compensate for a part of the delay caused by repairing the components.
What should the project manager do?

A.Ask the sponsor to approve additional funds to obtain the component more quickly from another vendor.

B.Refer to the procurement management plan, and request compensation from the vendor in line with the contract.

C.Modify the risk management plan to include necessary decisions on the quality management approach.

D.Revise the quality management plan to address how poor quality should be compensated.

Question 258

Who has MOST power in PROJECTIZED organization?

A.Project manager

B.Functional Manager

C.Sponsor

D.Senior Management

Question 259

CORRECT TEXT
All of the following statements are true regarding simulation and Monte Carlo analysis EXCEPT:

A.For schedule risk analysis, a simulation can use the PDM schedule as its model

B.Modeling and simulation are recommended for use in cost and risk analysis because they are more powerful and less subject to misuse than EMV analysis

C.Simulation is a technique that computes the project cost or schedule over multiple iterations using random values selected from distributions of possible costs or duration values

D.Simulation is a tool technique of qualitative risk analysis

E.For cost risk analysis, a simulation can use the project WBS or cost breakdown structure as its model

Question 260

Which of the following is a tool and technique for activity duration estimating?

A.Top-down estimating

B.Parametric estimating

C.Monte Carlo analysis

D.Bottom-up estimating

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Question 256

Question 257

Question 258

Question 259

Question 260

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