Free Access PMI.PMP.v2024-07-31.q999 Practice Test (Page 41)

Question 196

You have a choice of accepting a fixed price contract for $115,000 with a liquidated damages clause or $100,000 without the clause. There is a 60% chance your cost will be $90,000 and a 40% chance your cost will be $80,000. There is a 98% chance of meeting your schedule but the penalty if missed is $50,000. Which is the best contract choice and how much profit would you make?

A.None of the above

B.Contract with the clause; profit is $14,000

C.Contract without the clause; profit is $14,000

D.Contract without the clause; profit is $27,980

Question 197

A business analyst on the project meets the customer in the elevator and says that due to constant changes in requirements, the development of the product will take more time than expected. What should the project manager do?

A.Refer to the resource management plan to find out if more business analysts may be assigned to process the requirements changes.

B.Submit a change request to the change control board (CCB) in order to reflect the new requirements and longer timeline of the project.

C.Explain that distribution of important news can only be done using traceable communication methods.

D.Point out to the project team and the customer that all information concerning the timeline of the project should be communicated by the project manager.

Question 198

Which of the following contracts has the MOST risk for the buyer?

A.Cost plus fixed fee (CPFF)

B.Cost plus percentage of costs (CPPC)

C.Time and Materials (T&M)

D.Fixed price (FP)

Question 199

A project team is using agile methodologies 10 develop a complex system. The company does not want to help with any preliminary reviews of product testing because they believe testing is not their responsibility What should the prefect manager do to encourage the company to agree to preliminary reviews or testing?

A.Use behavior-driven development for business reviews

B.Explain the situation to management using a responsible, accountable. consult and inform (RACI) chart

C.Propose that the quality control team conduct a testing workshop for the company

D.Suggest that the technology team complete al testing

Question 200

A project manager is asked to develop maintenance planning software for a power plant. A similar project was executed by another department in the organization that was later closed due to low performance. The project manager is concerned about the project's performance and wants to take action in advance to ensure the project succeeds.
What should the project manager do?

A.Review the lessons learned on similar projects so that they do not fall back into the same pattern.

B.Inform the project sponsor about the risk and try to convince them to withdraw from the project.

C.Continue executing the project as planned and add more resources if they are required.

D.Evaluate the project risk and add external experts to address the potential risks.

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