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Download Project Management Professional (2022 Version) Exam Dumps

NEW QUESTION 24
You are planning a project and want to account for how the project will be managed in the future. While building your cost performance data, you want to provide guidance for when the project is later executed, because you know that different responses are required depending upon the degree of variance from the baseline. For example, a variance of 10 percent might not require immediate action, whereas a variance of
20 percent will require more immediate action and investigation. You decide to include the details of how to manage the cost variances as part of which following plan?

• A. Variance management plan
• B. Cost management plan
• C. Performance measurement plan
• D. Change management plan

Answer: B

Explanation:
Section: Mix Questions
Explanation:
The management and control of costs focuses on variances. Certain variances are acceptable, and others, usually those falling outside a particular range, are unacceptable. The actions taken by the project manager for all variances are described in the cost management plan.

NEW QUESTION 25
A customer is concerned about the time required to complete a project and is asking the project team to reduce the number of iterations required to complete the product. Which approach should the project manager take?

• A. Prioritize deliverables based on business value and define frequent releases.
• B. Prioritize the tasks with high risks to reduce the number of iterations required.
• C. Ask the team to raise blockers or impediments in daily meetings.
• D. Ask the team to challenge the project estimations for a faster delivery.

Answer: A

NEW QUESTION 26
Which process occurs within the Monitoring and Controlling Process Group?

• A. Cost Control
• B. Quality Planning
• C. Cost Budgeting
• D. Quantitative Risk Analysis

Answer: A

NEW QUESTION 27
The team has implemented a risk response plan when a vendor was unable to fulfill a contract commitment. The response was to choose another vendor. Because of the short notice, the other vendor cannot fulfill the need of the team. Which best describes what happened with the different vendor?

• A. Avoidance
• B. Risk response plan
• C. Secondary risk
• D. Workaround

Answer: C

Explanation:
Section: Mix Questions

NEW QUESTION 28
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