Free Access PMI.PMP.v2024-05-31.q168 Practice Test (Page 16)

Question 71

A project manager is reviewing the cost management plan written by a team member. Although the total cost estimate is within the approved budget, the team member used their own template rather than the one provided for the project.
What should the project manager have done?

A.Ensured that the correct tools and techniques were used for the cost estimate

B.Requested that the project management information system (PMIS) rules an guidelines be followed

C.Mandated that the organizational process assets were followed

D.Required that a subject matter expert (SME) is included in the process

Question 72

You are establishing a PMO for National Animal Celebrity Management program, which consists of 15 separate projects. The PMO will have a Project Management Information System. This system will be an on-line repository of all program dat

A.You will collect descriptions of all work components for each of the 15 projects. This information will form an integral part of the:

B.Chart of Accounts

C.WBS Dictionary

D.WBS Structure template

E.Earned Value Mgmt Reports

Question 73

A project manager is advised to use a tornado diagram in an information technology activity. What project risk management technique should the project team use?

A.Quantitative risk analysis

B.Expected monetary value analysis

C.Qualitative risk analysis

D.Probability distribution

Question 74

Expected monetary value (EMV) is computed by which equation?

A.Value of each possible outcome multiplied by probability of non-occurrence

B.Multiplying the value of each possible outcome by the probability of non-occurrence and adding the products together

C.Multiplying the value of each possible outcome by the probability of occurrence and adding the products together

D.Value of each possible outcome multiplied by probability of occurrence

Question 75

The process of tracking, reviewing, and reporting the overall progress to meet the performance objectives defined in the project management plan is:

A.Monitor and control the project work

B.Direct and manage project work

C.Develop project management plan

D.Manage stakeholders

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