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NEW QUESTION 54
A stakeholder is reading project documents given by the project manager. The stakeholder is curious about the difference between a verified deliverable and an accepted deliverable.
Which of the following definitions can the project manager use to explain the difference?

• A. An accepted deliverable has been checked and confirmed for accuracy through the Control Quality process; a verified deliverable meets acceptance criteria that is formally signed off and approved by the customer or sponsor.
• B. An accepted deliverable meets acceptance criteria and is formally signed off and approved by the customer or sponsor a verified deliverable is a completed project deliverable that has been checked and confirmed for accuracy through the Control Quality process.
• C. An accepted deliverable meets acceptance criteria and is signed off by the project manager; a verified deliverable meets acceptance criteria and is signed off by the customer or sponsor.
• D. An accepted deliverable is approved by the project team; a verified deliverable is approved and formally signed off by the customer or sponsor.

Answer: C

Explanation:
Explanation/Reference:
Reference: https://4squareviews.com/2013/03/15/5th-edition-pmbok-guide-chapter-5-process-5-5-validate- scope/

NEW QUESTION 55
Sensitivity analysis is typically displayed as a/an:

• A. Decision tree diagram.
• B. Pareto diagram.
• C. Ishikawa diagram.
• D. Tornado diagram.

Answer: D

Explanation:
Section: Volume A
Explanation:
11.4.2.2 Quantitative Risk Analysis and Modeling Techniques
* Sensitivity analysis. Sensitivity analysis helps to determine which risks have the most potential impact on the project. It helps to understand how the variations in project's objectives correlate with variations in different uncertainties. Conversely, it examines the extent to which the uncertainty of each project element affects the objective being studied when all other uncertain elements are held at their baseline values. One typical display of sensitivity analysis is the tornado diagram (Figure 11-15), which is useful for comparing relative importance and impact of variables that have a high degree of uncertainty to those that are more stable. The Tornado diagram is also helpful in analyzing risk-taking scenarios enabled on specific risks whose quantitative analysis highlights possible benefits greater than corresponding identified negative impacts. A tornado diagram is a special type of bar chart used in sensitivity analysis for comparing the relative importance of the variables. In a tornado diagram, the Y-axis contains each type of uncertainty at base values, and the X-axis contains the spread or correlation of the uncertainty to the studied output. In this fgure, each uncertainty contains a horizontal bar and is ordered vertically to show uncertainties with a decreasing spread from the base values.

NEW QUESTION 56
Which process documents the business needs of a project and the new product, service, or other result that is intended to satisfy those requirements?

• A. Direct and Manage Project Execution
• B. Develop Project Management Plan
• C. Collect Requirements
• D. Develop Project Charter

Answer: D

Explanation:
Section: Volume C
Explanation
Explanation:
Process: 4.1. Develop Project Charter
Definition: The process of developing a document that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities.
Key Benefit: The key benefit of this process is a well-defined project start and project boundaries, creation of a formal record of the project, and a direct way for senior management to formally accept and commit to the project.
Inputs
1. Project statement of work
2. Business case
3. Agreements
4. Enterprise environmental factors
5. Organizational process assets
Tools & Techniques
1. Expert judgment
2. Facilitation techniques
Outputs
1. Project charter

NEW QUESTION 57
A project has an estimated duration of 10 months with a total budget of US$220,000. At the end of the fifth month, it is estimated that at completion, the project will incur US$250,000.
If the actual cost (AC) calculated is US$150,000, what is the earned value (EV) of the project?

• A. US$400,000
• B. US$120,000
• C. US$-30,000
• D. US$370,000

Answer: C

Explanation:
Section: Volume E

NEW QUESTION 58
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